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August 2015 Investor Presentation – Traverse Energy, Inc.

Traverse Energy, Inc. · Aug 18, 2015 · 19 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. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 1
    Corporate Presentation, August, 2015
  2. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 2
    Disclaimer The presentation is for informational purposes only and is not intended as a solicitation or offering of securities of Traverse Energy Ltd. (Traverse) in any jurisdiction. The material presented is not intended to modify,…
  3. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 3
    Oil and Gas Advisory Any references in this presentation to production tests are useful in confirming the presence of hydrocarbons, however, such tests are not necessarily determinative of the production rates at which such wells will…
  4. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 4
    The Company Recapitalization of Firstland Energy Ltd. June, 2009 New management & name changed to Traverse Energy Ltd. June, 2009 11.5 million financing ( 0.80/share) completed March, 2014 70.8 million shares issued 77.1 million…
  5. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 5
    Corporate Strategy Growth through the drill bit (predominantly 100% working interest) Exploring for new oil pools that can be exploited by vertical and horizontal drilling Maintain a significant undeveloped land base (191,700 net…
  6. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 6
    Management Team Laurie Smith, P. Geol., President David Erickson, P. Geol., Vice President & COO Sharon Supple, CA, CFO History 25 years together as senior management team Petromet Resources Limited - drill bit growth 0 to…
  7. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 7
    Financial Highlights (in thousands except where stated) Q1&Q2, 2015 2014 2013 Petroleum & natural gas revenue 6,786 19,717 14,674 Net income (loss) 4,970 (4,570) 3,245 Funds from operations 3,478 11,556 9,914 * Net capital…
  8. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 8
    Annual Reserves, Production and Land As at December 31, 2014 2013 2012 Proved reserves (mBOE) 1,850.2 1,447.2 865.4 Proved + probable reserves (mBOE) 2,577.7 1,910.4 1,218.6 Production (BOE/d) 975 680 405 Finding & Development…
  9. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 9
    Commodity Pricing, Production and Operating Netbacks Q1&Q2/2015 2014 2013 Average Sales Price Natural gas (/Mcf) 3.33 4.23 3.44 Oil and NGL (/bbl) 50.86 81.86 83.11 Average daily production (BOE) 1,020 975 680 Netback per BOE…
  10. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 10
    Areas of Activity Undeveloped Land Holdings (June 30, 2015) Gross Net Acres Acres West Central 3,200 3,200 East Central 169,700 169,200 Southern 19,400 19,300 192,300 191,700 Average Working Interest: 100%
  11. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 11
    East Central Alberta Area Land Holdings 123,500 Acres 2014 Activity 12 wells drilled at Coyote & Michichi Coyote (10 wells including 2 horizontal wells resulting in 9 oil &1 natural gas well) Michichi (2 wells resulting in 2…
  12. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 12
    Coyote Area Land Holdings 12,960 acres 2014 Activity 10 wells (8 vertical & 2 horizontal) drilled in 2014 resulting in 9 oil wells & 1 natural gas well Battery expansion in Q3 (treater, gas sweetening unit, tankage, and a water…
  13. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 13
    Coyote Area Detail 2014 Activity 2014 production averaged 357 BOE/day (83% oil & NGLs) Drilled 7 vertical oil wells into the Coyote Ellerslie pool Drilled 2 Hz Ellerslie wells in September & October; wells commenced production mid-…
  14. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 14
    Michichi Area Land Holdings 25,000 acres 2014 Activity 3D seismic shot in March 1 natural gas well drilled in Q1; on production in August 1 natural gas well drilled & completed in Q3 2015 Activity 2nd natural gas well drilled…
  15. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 15
    Hanna Area Land Holdings 45,000 acres 2014 Activity Shot and purchased additional 2D seismic 2015 Activity 1 existing well bore re-entered in Q1 resulting in a dry hole Evaluation of lands continuing through seismic and…
  16. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 16
    Turin Area Land Holdings 3,320 acres all rights 3,300 acres rights below Mannville 2014 Activity 8 producing wells 2014 production of 445 BOE/day Battery daily capacity - 2,500 barrels fluid, 2.5 MMcf gas, water disposal 2,000…
  17. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 17
    Summary 2014 program Seismic shot and purchased at Coyote, Michichi & Hanna 14 wells drilled resulting in 9 oil wells & 5 natural gas wells Q4 production 1,249 BOE/day (56% oil & ngl) 2014 production 975 BOE/day (53% oil & ngl) 2014…
  18. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 18
    Corporate Information Evaluation Engineers: Sproule Associates Ltd. Bank: Alberta Treasury Branch Auditor: KPMG LLP Solicitor: Osler Hoskin & Harcourt LLP Transfer Agent: Valiant Trust Company Board of Directors Laurie Smith:…
  19. August 2015 Investor Presentation – Traverse Energy, Inc. – slide 19

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