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Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc.

Touchstone Exploration Inc. · Nov 1, 2014 · 27 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 1
    Investor Presentation Q3 2014 TSX: TXP Touchstone Exploration Inc. is a Canadian traded public company with production and assets in the Republic of Trinidad & Tobago and Canada. As an early adopter of proven technologies, we focus on…
  2. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 2
    Corporate Highlights - Q3 2014 Canada Trinidad & Tobago 2,269 Bbls/d 82.8 / 83.1 million Production Common shares basic / outstanding 3.9 million - 0.05 per Share 95,358 / 60,267 Cash flow Gross/Net working interest acres…
  3. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 3
    Strategy In Trinidad be the dominant onshore player In Canada exploit Saskatchewan oil opportunities Operate in safe geopolitical jurisdictions with reliable access to markets Develop assets that provide predictable, sustainable…
  4. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 4
    Evidence of Execution Proforma: Average Quarterly Production Volumes (Bbls/d) 2,500 Trinidad Oil Production (Bbls) Canadian Canadian Production Production (Boe) (Bbls) 2,000 Oil Production (bbls/d) 1,500 1,000…
  5. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 5
    Asset Overview Trinidad Heavy Oil and Oil Sand Focused Development to Date Eleven (11) Producing Properties 80,245 working interest acres 10,205 net working interest acres Q3 2014 production 438 bbls/d Q3 2014 production 1,830…
  6. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 6
    Trinidad Assets Trinidad Onshore Eleven (11) Producing Properties 10 properties with 100% WI 1 property with 50% WI 10,205 net working interest acres Offshore Exploration Block 2013/14 Onshore Bid Round Over 1 billion bbls…
  7. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 7
    COORA 1 & 2 Blocks CO-363 Average Daily Oil Production Land Positions CO-363 140 Coora 1 120 Coora 2 100 Bbls/d 80 60 40 20 - Coora 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Coora 2 Months COORA 1…
  8. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 8
    WD-4 Block PS-579 Average Daily Oil Production Land Positions PS-579 500 WD-8 400 WD-4 300 Bbls/d 200 100 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 WD-8 Days WD-4 WD-4 Block - Field…
  9. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 9
    Ortoire Block Exploration Prospect Signed Exploration Licence with Trinidad Ministry of Energy and Energy Affairs on October 31, 2014 Currently financing Joint Operating Agreement with Petrotrin Petrotrin carried on Minimum Work…
  10. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 10
    Trinidad Development Inventory Development & Acres Lease Type Current Total Potential Booked Booked IP Volumes Upside Risked Net Capital Exploration (working wellbores Locations Potential Capital Risked Potential Un-Risked interest)…
  11. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 11
    Trinidad Assets: Multi Zone Stacked Pliocene Reservoirs Increasing the Recovery Factor (RF) by only 2% yields 22 Million Barrels of recoverable oil on key properties Step 1: Infill drilling and well optimization Step 2: Enhanced Oil…
  12. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 12
    Canadian Assets Alberta Saskatchewan Dawson - 20,160 Net Acres Beadle 26,172 Gross (15,486 Net) Acres Luseland 11,798 Gross (11,760 Net) Acres Unity/Winter 11,563 Gross (11,563 Net) Acres Edam 10,881 Gross (10,881 Net) Acres Druid…
  13. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 13
    Canadian Land Holdings R27 R26 R25 R24 R23 R22 R21 R20 R19 R18 R17 R16W3 T36 T36 1 6 1 6 1 6 1 6 1 6 1 6 1 6 1 6 1 6 1 6 1 6 36 31 36 31 36 31 36 31 May 2014 36 31 36 31 36 31 36 31 36 31 36 31 36 31 T35 Legacy Petrobank…
  14. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 14
    Viking Locations Vertical Viking Offset Log Township 33 24 W3M 15.2 Net Sections Touchstone Property Crescent Point Teine Energy 9,643 acres Raging River Novus Whitecap 112 unrisked drilling locations 17 Corp Overview…
  15. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 15
    Druid Land Acquisition Touchstone Property October 6, 2014 Land Sale Caltex Land Druid Land Sale - Oct 6, 2014 Successful Bids Legal Gross Parcel Lsd-Sec -Twp-Rge- M Rights Hectares Price/Ha Bonus Successful Bidder 71…
  16. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 16
    Saskatchewan Heavy Oil Heavy Oil Focused Development Targeting the Waseca, McLaren, and Bakken FMs Saskatchewan 95 Sections 60,248 Working interest acres 190 bbls/d 100% Working interest Optimizing Kerrobert operations Continuing…
  17. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 17
    Luseland & Kerrobert:(1) SAGD Potential Stratigraphic Column Analogous SAGD Project Kerrobert Luseland Pike Peak Paradise Hill South Depth 780 m 780 m 515 m 475 m Net Pay 21 m 14 m 15m 16 m Porosity 32% 31% 34% 32% SW 20% 21%…
  18. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 18
    Luseland & Kerrobert - Husky Paradise Hill:(1) SAGD Potential Targeting the Colony 6 well pairs, exceeded nameplate capacity of 3,500 bopd in third month Recent production 4,700 bpd, CSOR 2. ISOR 2.2475 Mbbl/well pair recovered since…
  19. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 19
    Exploration and Development Timeline 2014 2015 Total Initial well Play Type Cost per Q2 Q3 Q4 Q1 Q2 Q3 Q4 potential Production well locations (IP12 mo) (MM) (net) WD-8 61 45 Development 1.3 2 wells 1 well 7 Potential Wells 1…
  20. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 20
    2014 & 2015 Guidance (1)(2) Assuming 95 USD Oil Price Per Barrel (000s/CAD) 2014 2015 Trinidad Average Production (bbls/d) 2,000 2,100 2,800 3,000 Trinidad Exit Production (bbls/d) 2,300 2,400 3,100 3,300 Liquids weighting 100%…
  21. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 21
    Financials - Q3 2014 Q3 2014 Q2 2014 QoQ % Production Avrg (bbls/d) 2,226 1,220 82 Q3 Netback /bbl % Oil 100% 100% - Petroleum Sales (/bbl) 91.36 104.02 (12) 28% Royalties (/bbl) (25.31) (36.53) (31) Operating Costs (/bbl)…
  22. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 22
    2015 Trinidad Sensitivity Analysis USD Brent Oil Price Netback and Funds Flow Netback (/bbls) 70.00 0.30 0.27 0.26 60.00 0.26 63.38 0.25 59.65 0.24 57.16 0.23 Funds Flow Netback per Share (CAD) 50.00 53.38 0.21 49.59 0.20…
  23. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 23
    Trinidad Reserves Summary(1) (as of September 30, 2013) Trinidad Reserves: Proved + Probable (bbls) 5,576,000 8.11/Bbl P+P FD&A Cost (Incl. FDC) 3,644,000 3 Year Average 3,537,500 8,328,000 970,000 4,027,600 4,569,000 2.12x…
  24. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 24
    South American Peer Group Current Price to Net Asset Value Per Share 1P & 2P Before Tax (as of Dec 31, 2013) 14.00 120% Trading - 1.2x EV/DACF 12.38 Peer group 1.4x(1) 12.00 108% 100% 9.57 10.00 9.19 12,255 EV/BOE %…
  25. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 25
    Summary Trinidad: Average 91% operated working interest in 11 producing Over 1 Billion barrels of 1 Original Oil in Place properties. Average 59% working interest average in 11 exploration blocks Over 81,000 working interest acres…
  26. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 26
    Covering Analysts Canaccord Genuity Kim Hedlin - (403) 508-3854 FirstEnergy Daren Engels - (403) 262-0689 Industrial Alliance Michael Charlton - (403) 705-4978 Mackie Research Bill Newman - (403) 750-4978 Maison Placements…
  27. Q3 INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 27
    Corporate Information Corporate Information Abbreviations Head Office bbl(s) barrel(s) Suite 1100, 332 6th Ave SW mbbl(s) thousand barrel(s) Calgary, AB T2B 0B2 bbls/d barrels per day Office: (403) 750-4400 CAD Canadian dollar Fax: (403)…

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