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MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc.

Angle Energy, Inc. · Mar 13, 2013 · 26 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. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 1
    CORPORATE PRESENTATION March 13-15, 2013 New York, New York More reach. From every angle. More growth. More value. TSX: NGL
  2. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 2
    STRATEGY: CREATE VALUE THROUGH LIGHT OIL The transition to light oil is on track with a 113% increase in _2012 light oil reserves Reserve additions in 2012 are substantially all from Cardium _projects Cardium 2P F&D costs:…
  3. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 3
    STRATEGY: CREATE VALUE THROUGH LIGHT OIL 3,500 Innovation Harmattan Cardium Development Ferrier Cardium Development = Total Corporate Oil Production (bbl/d) 3,000 Harmattan Cardium Opportunity 2,500 Technology &…
  4. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 4
    ANGLE ENERGY PROFILE TSX: NGL SHARES OUTSTANDING (BASIC) 81.1 MM INSIDER OWNERSHIP = 8.1% B.C. ALBERTA SASK. MARKET CAP 2.77/share 225 MM DEBT (DEC 2012)(1) / BANK LINE 117MM / 215MM Edson 60 MM DEBENTURE 12.55 STRIKE…
  5. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 5
    H1 2013 GUIDANCE H1 2013 Cardium H1 2013 Production (est.) Gross / Net Wells 15.0 / 11.9 11,300 11,500 boe/d Capital Expenditures 52 57 MM Cash Flow 21.5 24.5 MM H1 2013 Average Production 3,700 3,900 boe/d NGL H1 2013…
  6. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 6
    CARDIUM GROWTH IN H1 2013 4,000 H1 2013 Production (est.) H1 2013 Average 3,700 3900 boe/d 3,700 3,900 boe/d 3,500 3,000 Cardium Production (boe/d) 2,500 2,000 1,500 Cardium 1,000 Production 500 boe/d 0…
  7. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 7
    113% LIGHT OIL GROWTH YEAR END 2012 RESERVES Net Oil Total NPV 10% Undeveloped (MMbbl) (MMboe) (MM) FDC (MM) Wells Booked Corporate Reserves Total Proved 5.2 32.7 358.6 190.1 53.8 Total 2P 11.1 60.9 584.3 379.0 107.1 Cardium…
  8. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 8
    ANGLE CARDIUM H1 2013 AVG 3,800 BOE/D (70% OIL & LIQUIDS) Cardium Reserve Growth 150 MM 18 17.1 Capital Investment to Date Gas 16 Oil & Liquids 5.2 45 MM 14 Cardium Reserves (MMBOE) 12 Q4 2012 Annualized CF 10 8.7…
  9. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 9
    SIGNIFICANT CARDIUM BASE 1,039 400 350 5th LARGEST 300 300 CARDIUM LANDHOLDER 265 209 250 219 Net Sections (1) 204 200 149 132 124 150 120 118 110 102 100 91 100 81 80 75 71 67…
  10. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 10
    ANGLES CARDIUM ASSETS H1 2013 AVG 3,800 BOE/D (70% OIL & LIQUIDS) EDSON H1 2013 Avg 300 200 boe/d Net Locations (80% Unbooked) EDMONTON 88% Average Working Interest FERRIER H1 2013 Avg 1,700 boe/d 17 mmboe 2P Reserves…
  11. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 11
    HARMATTAN CARDIUM OPERATIONS AND RESERVES 13-10 IP30 377 bbl/d 3-3 IP30 458 bbl/d 4 6 mmbbl 15-27 IP30 274 bbl/d OOIP Per Section 16-19 Drilling 2-12 IP30 174 bbl/d 78% Of Play is Unbooked Q1 3-7 Pad Avg test 275 bbl/d Q1…
  12. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 12
    HARMATTAN CARDIUM TECHNOLOGY DRIVES THE PLAY Garrington/Harmattan Area 80 SLICKWATER FRACS 600 PAYOUT in 1.5 to 2 Years 70 Highly Economic Profile 500 Slickwater Fracs Daily Average Production (bbl/d) 60 Profitability…
  13. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 13
    HARMATTAN CARDIUM TYPE CURVE & ECONOMICS ANGLES DRILLING 700 EUR NPV 10% IRR GOR Range 500 2,000 scf/STB 393 mboe 7.0 MM 89% Top Well (300 mbbl) Deep Cut NGL Yield 200 bbl/mmcf 230 mboe 3.3 MM 52% 600 P50 (175 mbbl) Budget Curve…
  14. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 14
    HARMATTAN CARDIUM ANGLES CAPITAL EFFICIENCY TRACK RECORD Cost Efficiency Capital Efficiency 5,500 50 45 IP 90 Day Capital 5,000 Efficiency Average 40 22,000/boe/d 4,500 35 30 DCE (M) M/boepd 4,000 25 Budget 3,500…
  15. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 15
    FERRIER CARDIUM OPERATIONS AND RESERVES ANGLE 13-26 HZ IP30 990 boe/d, 35% Gas 3 6 mmbbl OOIP Per Section 70% Of Play is Unbooked Recent 6 - 7 Day Tests Angle 16-14: 1,600 boe/d (76% oil) Angle 01-15: 1,400 boe/d (85%…
  16. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 16
    FERRIER CARDIUM Q1 TESTS MATERIALLY EXCEED TYPE CURVE 800 EUR NPV 10% IRR P50 425 mboe (58% Gas) 3.0 MM 57% 700 Q1 6 7 Day Tests Angle 1614: 1,600 boe/d (76% oil) Budget Curve 340 mboe (58% Gas) 1.7 MM 30% Angle 0115: 1,400 boe/d…
  17. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 17
    CARDIUM PROJECTS 77% BUDGET ALLOCATION 2013 DRILLING BUDGET ALLOCATION 49% 13% 9% 23% 6% Project Harmattan Ferrier Edson Mannville Ferrier Cardium Oil Cardium Oil Cardium Oil & Other Cardium Gas D/C/E/T Capital 2.9 4.0 4.0 4.0…
  18. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 18
    DUVERNAY SHALE LATENT OPTION VALUE KAYBOB Vermilion 18 Section Block 30.7MM; 2,665/ac 110.5 Net Sections ANGLE Vermilion 02/15-22 4365217W5 R.R. Apr 6, 2012 EDSON OIL 70,000 CNRL 1-3 HZ R.R. Apr 22, 2012 Net Acres…
  19. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 19
    WHY ANGLE Low risk oil inventory; Angle is a large undeveloped Cardium land holder with 80% of undrilled inventory unbooked Adept drillers and low cost operators with top tier capital efficiencies Risk appropriate leverage; 2013…
  20. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 20
    APPENDIX More reach. From every angle. More growth. More value. TSX: NGL
  21. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 21
    NET ASSET VALUE BASED ON GLJ DEC 31, 2012 EVALUATION Cardium Project December 31, 2012 GLJ 2P NPV 10%(1) 584.3 MM 36% of 2P Value Value of Undeveloped Land(2) 82.1 MM 242 Unbooked Locations 238,000 ac 345/ac 180% Growth over…
  22. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 22
    ANGLES CURRENT HEDGES Gas Jan. 1 Dec. 31/13 AECO Cdn 3.04/GJ 10,000 GJ/d AECO Cdn 3.135/GJ 5,000 GJ/d AECO Cdn 3.2125/GJ 5,000 GJ/d Average AECO Cdn 3.11/GJ 20,000 GJ/d approx. 61% of forecast 2013 gas production Oil Jan. 1…
  23. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 23
    FINANCIAL HIGHLIGHTS 2012 YTD 2012 Q3 2011 2010 2009 9 months Average production (boe/d) 14,950 14,222 13,163 9,243 7,528 Cash flow (000s) 61,545 19,747 95,686 49,834 40,154 Cash flow per share () diluted 0.77 0.24 1.30 1.00 0.90…
  24. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 24
    MANAGEMENT Directors Noralee Bradley LLB Edward Muchowski P. Eng Partner, Osler, Hoskin & Harcourt LLP Chair of Reserve and EH&S Committee Chair of Board of Directors and on Compensation Committee Scott Bratt CA, CFA Jacob Roorda…
  25. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 25
    ANALYST COVERAGE AltaCorp Capital Inc. GMP Securities Don Rawson Grant Daunheimer BMO Capital Markets Haywood Securities Jim Byrne Geoff Ready CIBC World Markets National Bank Adam Gill Dan Payne Clarus Securities Paradigm…
  26. MARCH 2013 CORPORATE PRESENTATION – Angle Energy, Inc. – slide 26
    FOR MORE INFORMATION CONTACT: Heather Christie-Burns 403-263-4534 President & COO investangleenergy.com More reach. From every angle. More growth. More value. TSX: NGL

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