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August 2015 Investor Presentation – Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd. · Aug 27, 2015 · 18 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 – Tamarack Valley Energy Ltd. – slide 1
    Being Sustainable in this Low Price Environment ANNUAL GENERAL MEETING August 27, 2015 TVE: TSX www.tamarackvalley.ca 1
  2. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 2
    Circa 2010 Strategy and Culture Holds Up in Tough Times Key Points Out of Strategy Applicable Today Full cycle ROR decision making Still want 1 to 1.5 year paybacks or will divert capital Manage the balance sheet Ensure survival in…
  3. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 3
    Key Points in this Presentation Tamarack Strategic Response Current Competitive in Jan/15 to Down Cycle Advantage Stop spending when service costs Sustainable growth at C50/bbl (WTI are high and oil prices are low US44/bbl) for 2…
  4. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 4
    Cardium Oil TVE is Delivering the Best Economic Returns 60% 100 IRR (%) NPV 15 Break-even (C/bbl) 90 89.87 50% 49% 80 70 71.04 40% 70.5 64.88 60 62.85 62.25 36% 58.98 33% 55.71 30% 50…
  5. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 5
    Wilson Creek Land Position at End of Q1/15 Alder Flats Construct 8 P/L connecting Alder Flats with TVE Wilson TVE land Creek (5.2 mm) Existing Cardium producers Existing vertical Cardium oil wells Q4/14 Drills 2015 Drills Gas…
  6. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 6
    Wilson Creek After Tuck-in Acquisition Alder Flats Reduce P/L length by 2/3, size by 2 (3.5 mm savings) TVE land Acquisition land Existing Cardium producers Existing vertical Cardium oil wells Q4/14 Drills 2015 Drills Gas…
  7. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 7
    Additional Upside to 2014 Wilson Acquisition Plan Reduction in Opex 20 5000 11.40/boe to 8.00/boe Lifting Costs (/boe) Monthly Expense (K/Month) 18 4500 NPV10 29 million Production (boe/d) 16 4000 5 Reactivation / Recompletions…
  8. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 8
    Wilson Creek - Drilling & Completion TVE Advantage Drilling Cost Per Meter Completion Cost Per Stage 700 100 600 532 31% 72 47% 000s per stage 75 per meter 500 443 400 368 376 340 53 50 42 43 300 35 1.5 mile…
  9. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 9
    Wilson Creek - Recycle Ratio 1 mile well - C60/bbl (US52) 1.5 mile well - C60/bbl (US52) 4.0 4.0 Operating Current 3.5 3.5 expense economics Current 3.3 at 60/bbl cost cut Operating economics expense at 60/bbl 3.0 3.0 cost…
  10. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 10
    Wilson Creek Cardium Oil Drilling Inventory 160 Alder Flats 140 Wilson Creek PUDs booked Dec 31/14 120 of Wells with…
  11. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 11
    Tamarack Profile TVE : TSX-V Corporate Operational 2013 2014 2015e Shares outstanding* (mm) 99.93 Production (boe/d) 3,276 5,717 8,000 - 8,200 Fully diluted* (mm) 104.53 Exit Q4 avg. prodn (boe/d) 4,718 7,681 9,200 9,500 Share price…
  12. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 12
    Q2/15 Results Financial Stats per BOE 2014 Actuals 2015 Budget 6 month 2015 Results Average pricing 49.15/bbl WTI Edm Par 94.09/bbl 56.75/bbl 60.59/bbl AECO (monthly index) 4.40/GJ 2.70/GJ 2.80/GJ /boe Revenue 60.38 36.13 37.11…
  13. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 13
    Key 6 Month Objectives and Look-back What we did in Objectives for What we said we would do Q1 2015 / Q2 2015 Q3 2015 / Q4 2015 Deliver 8,000 boe/d in Q1/15. Q1/15 averaged 8,092 boe/d. Cautiously proceed with drilling program to…
  14. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 14
    Why Buy/Continue to Own Tamarack Resilient assets in low commodity price environment Preserves a solid balance sheet As commodity prices improve, TVE high quality inventory will be economic earlier than most inventory TVE has a plan…
  15. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 15
    TVE Contact Information Tamarack Valley Energy 3100, 250 6th Avenue SW Calgary AB T2P 3Y7 Tel: 403.263.4440 www.tamarackvalley.ca infotamarackvalley.ca 15
  16. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 16
    Break-even Economics What oil price do each companys core plays need to achieve a 15% return Oil plays by break-even price mid-cycle, 15% hurdle rate (C/bbl Edm Par) TVE 39 Note: Break-evens for heavy oil plays are to the Edm…
  17. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 17
    Internal Rates of Returns Which companies and oil plays offer the best returns Oil plays by IRR TVE 49% Source: geoSCOUT; company reports; CIBC World Markets Inc. 17
  18. August 2015 Investor Presentation – Tamarack Valley Energy Ltd. – slide 18
    Key 6 Month Objectives and Look-back What we did in Objectives for What we said we would do Q1 2015 / Q2 2015 Q3 2015 / Q4 2015 Deliver 8,000 boe/d in Q1/15. Q1/15 averaged 8,092 boe/d. Cautiously proceed with drilling program to…

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