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Enercom The Oil and Gas Conference – Granite Oil Corp

Granite Oil Corp · Aug 21, 2015 · 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. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 1
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  2. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 2
    Granite Model Organic Growth plus a Sustainable Dividend 100%-owned Bakken oil property Large Original Oil in Place: 222 Mmbbl Discovered Petroleum Initially-In-Place (DPIP) & 257 Mmbbl Undiscovered Petroleum Initially-In-Place…
  3. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 3
    Granite Asset Alberta Bakken TransCanada Meter Station 100%-Owned Pipeline Infrastructure 100%-Owned Oil Battery 8,000 bbl/d 20,000 bbl storage 100%-Owned Gas Plant 2012 Discovery Granite Land 2014 Horizontal…
  4. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 4
    Gas Injection Enhanced Oil Recovery Produced gas is re-injected into the reservoir to maintain voidage and provide pressure support for oil producers This is proven technology it has been effectively used in Alberta and around the…
  5. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 5
    Alaska Swanson River Analogy Gas Injection EOR in an Undersaturated Oil Pool Discovered in 1957; Drilling development largely completed by 1963 with 55 completed wells Gas injection pilot program started in 1962 in response to rapid…
  6. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 6
    Results Mitigating Long-term Pool Declines LEGEND Gas Injection Well Water Injection Well Wells Included in Decline Analysis in Study Area Wells Drilled and Completed New 2H14 / Q1 in 2H14 / Q1 2015 2015 Production Excluded…
  7. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 7
    Results Mitigating Initial Well Declines Comparison of Well Declines With and Without EOR Support 1000 EOR SUPPORT FROM INITIAL PRODUCION Oil Production (Bbl/d) 100 NO EOR SUPPORT Wells Outside 10 EOR Show Typical…
  8. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 8
    Putting it All Together ALBERTA BAKKEN PRODUCTION 6000 20000 Total Production Excluding 2015 Wells 18000 Total Production 5000 16000 Projected - Total Production Excluding 2015 Wells Total Gas Injection Volume 14000 Gas…
  9. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 9
    The Process Dry Make-up Gas C5+ Hydrocarbons to Compressor Sales Gas Plant Dry Gas to Compressor Compressed Gas Separator Re-injected Produced Oil + Gas Oil to Sales Alberta Bakken Formation GRANITE OIL CORP. TSX:…
  10. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 10
    Oil Production Gas Injection Optimizing Drilling 10 m Miscible Gas Injected into the Top of the Reservoir Increases Pressure and Oil Mobility Limestone Cap Deeper Infill Production Wells Optimize Reservoir…
  11. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 11
    Three-Year Business Plan Dividend + Growth 6000 80 5000 70 4000 27 Production (Bbl/d) 60 50 4 3000 12 MM 12 72 40 2000 30 2 6 48 13 20 32 33 1000 20 10 15 0 0 2H 15 2016 2017 Cash Flow Hedges Capex…
  12. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 12
    Alberta Bakken Hunters 2009 to 2012 GGRRAANNI ITTEE OOI ILL CCOORRP.P . T S X : G X O 13
  13. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 13
    The Asset Discovery, January 2012 Sunburst Oil Play = 1 mile GRANITE OIL CORP. TSX: GXO This was our working map, in December of 2011 14
  14. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 14
    The Asset Discovery, January 2012 Produced gas is re-injected into the reservoir to maintain voidage and provide pressure support for oil producers = 1 mile GRANITE OIL CORP. TSX: GXO This was our working map one year later…
  15. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 15
    A Regional Look at the Bakken, Exshaw & Sappington Alberta Saskatchewan EXSHAW FM West Alberta High Deltaic Sed. BAKKEN FM Southern AB Basin Siltstone: no foreshore Embayment Deltaic Sed. Late North Dakota Devonian…
  16. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 16
    Southern Alberta correlation to Saskatchewan / N.D. S. Alberta Basin AB. SASK/ND BKKN 7-25-3-17W4 BKKN Ferguson 141/15-31-3-11W2 Lower Banff/ Lodgepole Scallion Member Scallion Member Stagnation Upper Bakken Silt Upper Shale Middle…
  17. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 17
    Gutschicks Sappington (Grader & Doughtys) Between Ferguson and North Central Montana many similarities exist GRANITE OIL CORP. TSX: GXO 18 18
  18. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 18
    The Accommodation Space Advantage 1-3-2-20W4 7-25-3-17W4 Northwest Southeast Reworked pro-delta reservoir Tight siltstone of the middle Bakken regional non-reservoir 30m (100) max thickness GRANITE OIL CORP. TSX: GXO…
  19. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 19
    Montanas Elm Coulee Bakken - a Comparison Township GRANITE OIL CORP. TSX: GXO 20
  20. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 20
    APPENDIX GRANITE OIL CORP. TSX: GXO 21
  21. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 21
    Granite Oil Corp.s Team MANAGEMENT TEAM Michael Kabanuk President and Chief Executive Officer Michael is a Professional Engineer with 23 years of engineering and management experience in the oil and natural gas industry. Prior to…
  22. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 22
    Granite Oil Corp.s Team BOARD OF DIRECTORS Brendan Carrigy Chair Kevin Andrus Martin Cheyne Michael Kabanuk Henry Hamm Dennis Nerland Bradley Porter GRANITE OIL CORP. TSX: GXO 23
  23. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 23
    Granite Oil Corp. Market Facts TSX Symbol GXO OTCQX GXOCF Common Shares Outstanding Basic (MM) 30.4 Fully Diluted (MM) 31.5 Insider Holdings Basic (%) 24 Fully Diluted (%) 26 Financial Highlights Market Capitalization (MM)…
  24. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 24
    2015 Budget Average Production Level Oil & NGLs (Bbl/d) 3500 Reserves MMBOE (Sproule P&P) January 1, 2015 16.956 Guidance 2H15 CAPEX (MM) 20 2H15 Production (Bbl/d) 3500 2016 CAPEX (MM) 32 2016 Production (Bbl/d) 4000…
  25. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 25
    Hedges/Tax Pools 100% 100 90% 81.93 81.93 80% TAX POOL CATEGORY AMOUNT (MM) 80 70% CDE 129 78.42 78.42 UCC 8 Production Hedged (%) Hedge Prices (US/BBl) 64% 60.97 60.97 62.22 62.22 60% 60 60% 60.97 60.97 62.22…
  26. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 26
    Well Economics TYPE WELL DEFINITION Bakken Type Well 300 Well Cost: 2.8 MM EUR: 240 Mbbl 250 Capital Efficiency: 15,000 per 200 daily flowing bbl Bbl/day Year 1: 190 bbl/d average 150 Well F+D: 11.67 / bbl 100 Royalty: Freehold…
  27. Enercom The Oil and Gas Conference – Granite Oil Corp – slide 27
    Long-Term Organic Gas Supply and Injection Facilities BOW ISLAND GAS POOL ISOPACH Three secure, organic gas sources provide long-life EOR support: Produced gas from the Bakken pool 100%-owned, existing non-Bakken gas production…

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