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EnerCom 2015 Conference – Triangle Petroleum Corp

Triangle Petroleum Corp · Aug 17, 2015 · 25 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. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 1
    ENERCOMS THE OIL & GAS CONFERENCE August 17, 2015
  2. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Business Overview 4 Operational Overview 8 Financial Overview 16 Appendix 22
  3. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 3
    BUSINESS OVERVIEW
  4. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 4
    TRIANGLE PETROLEUM CORPORATION OVERVIEW BUSINESS OVERVIEW TPC wholly owned E&P subsidiary Independent E&P company operating in the Williston Basin Q1FY16 production of 13,775 Boepd; current production over 13,000 Boepd Proved…
  5. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 5
    BUSINESS OVERVIEW KEY INVESTMENT HIGHLIGHTS SUBSTANTIAL GROWTH Q1FY16 production increased 69% year over year (YoY) IN OPERATED FY2015 proved reserves increased 46% YoY(1) PRODUCTION AND Increased scale during FY2015 and FY2014…
  6. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 6
    SIGNIFICANT OPERATED PRODUCTION AND RESERVES GROWTH BUSINESS OVERVIEW NET SOLD PRODUCTION VOLUMES (BOEPD) 16,000 14,747 10 FY2016 Avg. Daily Production Guidance 13,775 11,500 13,500 Boepd (1) 13,500 14,000 Net Sales Volumes…
  7. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 7
    OPERATIONAL OVERVIEW
  8. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 8
    TRIANGLE USA CORE AREA MCKENZIE AND WILLIAMS COUNTIES OPERATIONAL OVERVIEW RECENT DEVELOPMENTS CURRENT TRIANGLE LEASEHOLD AND ACTIVITY 127 gross operated horizontal wells currently producing and 24 wells in progress or waiting on…
  9. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 9
    OPERATIONAL OVERVIEW DRILLING AND PRODUCTION PROFILE TUSA OPERATED WELLS COMPLETED (GROSS VS. NET) HIGHLIGHTS 17.0 Leading edge AFEs have been reduced to 7.3mm, 15.0 Reacted quickly to declining oil price environment 13.4 which…
  10. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 10
    OPERATIONAL OVERVIEW TPC STANDALONE WELL ECONOMICS OVERVIEW FY2016 TARGET MIDDLE BAKKEN WELL ECONOMIC SENSITIVITY (WTI / HH PRICING) 400 60.00 / 3.00 70.00 / 3.00 75.00 / 3.50 TUSA Operated Well(1) 60% Offset Operator McKenzie…
  11. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 11
    OPERATIONAL OVERVIEW ROCKPILE ENERGY SERVICES RockPile Energy Services, LLC is focused on providing Best in Class pressure pumping and ancillary services in the Williston Basin EXPANDING CAPACITY AND CAPABILITIES GROSS WELLS…
  12. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 12
    OPERATIONAL OVERVIEW WILLISTON BASIN COMPLETION SERVICES MARKET UPDATE NORTH DAKOTA AVERAGE MONTHLY RIG COUNT (1) COMPLETION SERVICES MARKET CHARACTERISTICS 250 The North Dakota rig count is down 65% in 10 months 200 since the…
  13. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 13
    OPERATIONAL OVERVIEW ROCKPILE MAINTAINING UTILIZATION AND GAINING MARKET SHARE THROUGH DOWNTURN ROCKPILE STAGES COMPLETED PER MONTH HIGHLIGHTS 800 Completed 730 stages in April, 40% more stages than 700 previous single month…
  14. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 14
    OPERATIONAL OVERVIEW CALIBER MIDSTREAM Caliber Midstream Partners, LP is focused on providing gathering, transportation and processing in the Williston Basin 34m equity infusion made by FREIF in early 2015 to fund executed 3rd party…
  15. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW
  16. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION LIQUIDITY (MM) Share Price (as of August 13, 2015) 3.85 Total Cash 50 90day % Change 24.7% TUSA Credit Facility Availability 204 Basic Shares Outstanding (mm)(1) 75.4 RPES Credit…
  17. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 17
    TRIANGLE PETROLEUM CORPORATION DEBT STRUCTURE OVERVIEW FINANCIAL OVERVIEW 137.6mm 5% Convertible Note (includes 17.6mm of accrued interest) Converts into TPLM common stock at 8.00/sh Interest paidinkind No financial covenants…
  18. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 18
    FINANCIAL OVERVIEW STANDALONE CAPITAL BUDGET FOR FY2016 (ENDING JANUARY 31, 2016) BUDGET DETAIL (1) Capital Expenses FY2016 Proposed Budget (mm) E&P Operated Drilling Program 150165 E&P NonOperated Drilling Program 010 RockPile…
  19. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 19
    FINANCIAL OVERVIEW ADDITIONAL BUSINESS SEGMENT GUIDANCE Guidance details are subject to change based on the dynamic nature of the commodity price environment TUSASPECIFIC FY2016 ITEMS(1): ROCKPILESPECIFIC FY2016(1) ITEMS:…
  20. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 20
    FINANCIAL OVERVIEW RISK MANAGEMENT KEY HIGHLIGHTS HEDGE POSITION (BOPD) 6,000 Marktomarket value of hedge book was FY16 Collars 98/Bbl Ceiling 25mm as of April 30th, 2015 87/Bbl Floor BOPD Hedged 4,500 Hedging program…
  21. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 21
    APPENDIX a) TUSA FY2016 EUR Bridge b) Historical Financials c) Reconciliations and Segment Information
  22. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 22
    OPERATIONAL OVERVIEW TUSA FY2015 PUD EUR TO FY2016 DEVELOPMENT PROGRAM TARGET MIDDLE BAKKEN EUR BRIDGE 650 630 40 600 590 25 Uplift for Targeted 565 FY2016 Development 550 15 Program 550 Uplift for Current 536 14…
  23. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 23
    APPENDIX Q1 FY16 CONSOLIDATED INCOME STATEMENT Quarter Ended April 30, 2014 2015 Revenues Oil, natural gas and natural gas liquids sales 60,834 47,778 (a) Oilfield services 38,948 70,510 Total revenues 99,782 118,288 Expenses…
  24. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 24
    APPENDIX CONSOLIDATED ADJUSTED NET INCOME RECONCILIATION Quarter Ended April 30, 2014 2015 Net income (Loss) Attributable to Common Stockholders 14,542 (180,199) Impairment of oil and natural gas properties - 192,000 Unrealized…
  25. EnerCom 2015 Conference – Triangle Petroleum Corp – slide 25
    APPENDIX Q1 FY16 INTERSEGMENT TABLE Exploration and Oilfield Corporate Eliminations Consolidated (a) Production Services and Other and Other Total Revenues Oil, natural gas and natural gas liquids sales 47,778 - - - 47,778…

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