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September 2015 Investor Presentation – Triangle Petroleum Corp

Triangle Petroleum Corp · Sep 8, 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. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION September 2015
  2. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Business Overview 4 Operational Overview 8 Financial Overview 16 Appendix 22
  3. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 3
    BUSINESS OVERVIEW
  4. September 2015 Investor Presentation – 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 Q2FY16 production of 13,500 Boepd; current production over 13,000 Boepd Proved…
  5. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 5
    BUSINESS OVERVIEW KEY INVESTMENT HIGHLIGHTS: MANAGING THROUGH THE DOWNTURN No long term rig or oilfield service commitments allows diligent approach to developing CONSISTENT FOCUS ON core Williston Basin acreage position…
  6. September 2015 Investor Presentation – 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 13,500 11,500 13,500 Boepd (1) 13,500 14,000 Net Sales…
  7. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 7
    OPERATIONAL OVERVIEW
  8. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 8
    TRIANGLE USA CORE AREA MCKENZIE AND WILLIAMS COUNTIES OPERATIONAL OVERVIEW RECENT DEVELOPMENTS CURRENT TRIANGLE LEASEHOLD AND ACTIVITY 133 gross operated horizontal wells currently producing and 18 gross (16.4 net) wells waiting…
  9. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 9
    OPERATIONAL OVERVIEW DRILLING AND PRODUCTION PROFILE TUSA OPERATED WELLS COMPLETED (GROSS VS. NET) HIGHLIGHTS 18 17.0 120 Reacting quickly Leading edge AFEs have been reduced to 7.2mm 16 15.0 to oil price 100 13.4 14…
  10. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 10
    OPERATIONAL OVERVIEW TPC STANDALONE WELL ECONOMICS OVERVIEW FY2016 TARGET MIDDLE BAKKEN WELL ECONOMIC SENSITIVITY (WTI / HH PRICING) 70 / 3 60 / 3 50 / 3 400 TUSA Operated Well(1) 60% Offset Operator McKenzie County Well(2) TUSA…
  11. September 2015 Investor Presentation – 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 LEVERAGING REPUTATION & MAINTAINING FOCUS GROSS WELLS…
  12. September 2015 Investor Presentation – 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 63% in 10 months 200 since the…
  13. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 13
    OPERATIONAL OVERVIEW ROCKPILE MAINTAINING UTILIZATION AND GAINING MARKET SHARE THROUGH DOWNTURN ROCKPILE STAGES COMPLETED PER MONTH HIGHLIGHTS 800 Completed 1,811 stages in FYQ215, 2% more stages 700 than previous quarterly…
  14. September 2015 Investor Presentation – 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 34mm equity infusion made by FREIF in early 2015 to fund executed 3rd party…
  15. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW
  16. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION LIQUIDITY (MM) Share Price (as of September 4, 2015) 3.00 Total Cash 46 90day % Change 40.8% TUSA Credit Facility Availability 178 Basic Shares Outstanding (mm)(1) 75.5 RPES Credit…
  17. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 17
    TRIANGLE PETROLEUM CORPORATION DEBT STRUCTURE OVERVIEW FINANCIAL OVERVIEW 139.3mm 5% Convertible Note (includes 19.3mm of accrued interest) Converts into TPLM common stock at 8.00/sh Interest paidinkind No financial covenants…
  18. September 2015 Investor Presentation – 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. September 2015 Investor Presentation – 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. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 20
    FINANCIAL OVERVIEW RISK MANAGEMENT KEY HIGHLIGHTS HEDGE POSITION (BOPD) 4,000 FY16 Collars Marktomarket value of hedge book was 98/Bbl Ceiling 3,500 86/Bbl Floor 25mm as of July 31st, 2015 3,000 Hedging program consists of zero…
  21. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 21
    APPENDIX a) TUSA FY2016 EUR Bridge b) Historical Financials c) Reconciliations and Segment Information
  22. September 2015 Investor Presentation – 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. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 23
    APPENDIX Q2FY16 CONSOLIDATED INCOME STATEMENT Quarter Ended July 31, 2014 2015 Revenues Oil, natural gas and natural gas liquids sales 80,506 55,263 (a) Oilfield services 61,483 54,470 Total revenues 141,989 109,733 Expenses…
  24. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 24
    APPENDIX CONSOLIDATED ADJUSTED NET INCOME RECONCILIATION Quarter Ended July 31, 2014 2015 Net Income (Loss) Attributable to Common Stockholders 14,552 (193,346) Impairment of oil and natural gas properties - 206,000 Unrealized…
  25. September 2015 Investor Presentation – Triangle Petroleum Corp – slide 25
    APPENDIX Q2FY16 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 55,263 - - - 55,263…

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