Why Equal Energy Strong balance sheet with commodity price upside Focus on a single asset base Dividend return combined Oklahoma Hunton with long term volume growth Established play with strong track record, extensive drilling…
Strategic Review Results Proceeds from asset dispositions of 129.6 million Over 48,000 per flowing boe/d 19.00 per boe of proved plus probable reserves Major debt reduction Debt to cash flow…
Board & Management Team Board Management Daniel Botterill, P.Eng, Chairman Don Klapko, CET Independent Businessman President & CEO Peter Carpenter, CFA, P.Eng Dell Chapman, CA, CFA Senior Partner & Director of Claridge House Partners…
Equals Oklahoma Assets Approximate average production: 7,900 boe/d (6,410 net) Cimarron Texas Harper Hunton Kay Nowata Ottawa Grant Subcrop Edge Craig Beaver Alfalfa Woods Washington Osage Woodward…
Asset & Production Summary Focused production base in liquids rich natural gas play in Central Oklahoma Undeveloped Total Number of Near Term Land Sections with Prospect December 2012 Land Holdings Inventory Total 9,800 net acres 62…
Hunton Dewatering Play One of the most significant commercial discoveries in Oklahoma in the past few decades Altex (predecessor to Equal) began production in West Carney in the mid 90s Subsequent to the Carney field, several other…
Hunton Reservoir Performance Virgin Reservoir condition Dual permeability Oil Wet (low k & ) Water Saturated (high k & ) Hydrocarbons begin to be produced once reservoir pressure has been reduced a sufficient amount. Hunton…
Oklahoma Twin Cities-Central Dolomite Horizontal Type Well Economics Per Well Internal Estimates (USD million) Capital Costs 2.8 Reserves/well 440 540 (Mboe) F&D (per boe) 6.40 5.20 Historical Current Flat Pricing Recycle…
Woodford Closer to Home Logan County Lincoln County Horizontal Drilling Since 2004: Vertical Woodford (374) Horizontal/ Directional (1,631) EQU Operated Areas Investor Presentation Q1 2013 11
Going Forward: Our 2013 Strategy Strike balance between growth and dividend return to shareholders Cash deficit well within balance sheet capacity Continuous drilling in the Hunton play Possible acquisitions depending on market…
2013 Expectations Production Average YTD Q3 2012 - 10,827 boe/d YTD Q3 2012 Central Oklahoma 7,795 boe/d 2013E 7,900 boe/d (6,410 net of royalties) Assumed annual decline rate on opening 2013 production 16% Cash flow 2012E - 33…
Equal Energy Ltd. 2600, 500 4th Avenue SW Calgary AB T2P 2V6 403.263.0262 infoequalenergy.ca www.equalenergy.ca Don Klapko Dell Chapman CA, CFA President & CEO Chief Financial Officer 403.536.8373 403.538.3580 Investor…
Appendix 1 Investor Presentation Q1 2013 17
McDaniels January 1, 2013 Price Forecast (with Equal estimated Conway propane price forecast) U.S. Conway WTI Henry Hub Kansas Year Crude Oil Gas Price Propane US/bbl US/MMBtu US/gall 2013 92.50 3.75 0.90 2014 92.50 4.30…
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