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October 2015 Investor Presentation – Crew Energy Inc.

Crew Energy Inc. · Oct 8, 2015 · 23 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. October 2015 Investor Presentation – Crew Energy Inc. – slide 1
    CORPORATE PRESENTATION October, 2015 SHARPENING OUR FOCUS TSX: CR
  2. October 2015 Investor Presentation – Crew Energy Inc. – slide 2
    CREW CORPORATE SNAPSHOT Montney-Focused Asset Base POSITIONED FOR SUCCESS TSX trading symbol CR Basic shares outstanding (mm) 141.0 Trading range (52 week) 3.40- 11.19 Montney Oil / Liquids rich Fort St. John Average daily…
  3. October 2015 Investor Presentation – Crew Energy Inc. – slide 3
    TICKING THE RIGHT BOXES Key Component Crews Position Focused asset base in a growing resource play: 110 TCFE TPIIP Montney resource in NE BC 474 net sections of Montney rights in NE BC (4th largest Large, contiguous and ideally…
  4. October 2015 Investor Presentation – Crew Energy Inc. – slide 4
    World-Class Montney Resource 5
  5. October 2015 Investor Presentation – Crew Energy Inc. – slide 5
    NEBC MONTNEY: A WORLD CLASS RESERVOIR Not a shale: Its a siltstone Montney Competitive Attributes: Exceptionally thick: up to 1,000 feet Permeability 20-80 times greater than comparable resource plays in North America Excellent…
  6. October 2015 Investor Presentation – Crew Energy Inc. – slide 6
    SEPTIMUS: SWEET SPOT OF THE MONTNEY Crews 474 sections of land are situated in the sweet spot of the play (Area 4) 1 MONTNEY SUB-GROUP REGIONS Altares/Caribou/Farrell/Kobes/Town/ Highest IRR & IP30 at Parkland / Septimus /…
  7. October 2015 Investor Presentation – Crew Energy Inc. – slide 7
    GROWING MONTNEY ACREAGE Sharpens Focus Montney (2007) Montney (2010) Montney (2015) CREW ACREAGE BREAKDOWN: Oil/Condensate Sections: 138 Wet Gas Sections: 265 Dry Gas Sections: 71 Total Net Sections: 474 8
  8. October 2015 Investor Presentation – Crew Energy Inc. – slide 8
    SUCCESSFUL EXECUTION Montney P+P Reserves Growth (MMBOE)(1) Growth in Resource & Reserves 250.0 Liquids mmbbls Gas mboe 201.9 200.0 Montney Best Estimate 150.0 Economic Contingent Resource 99.2 100.0 Liquids tcfe 8.3 TCFE (2)…
  9. October 2015 Investor Presentation – Crew Energy Inc. – slide 9
    EARLY STAGES: 9% (41.6 NET SECTIONS) HAVE RESERVES ASSIGNED 1.2 TCFE 2P reserves assigned Flatrock 1.0 tcf Natural Gas 33.1 mmbbls NGLs Goose 5.9 mmbbls Oil Attachie West Septimus Portage Tower Crew Montney Well Tests…
  10. October 2015 Investor Presentation – Crew Energy Inc. – slide 10
    ABUNDANT & GROWING INFRASTRUCTURE Acreage is optimally situated to feed potential long term demand Multiple egress options diversify markets and mitigate risk Three pipeline options running West, East and South to reach Canadian,…
  11. October 2015 Investor Presentation – Crew Energy Inc. – slide 11
    CREW MONTNEY STRATIGRAPHIC STACK 2 HZ Wells 2 HZ Wells 2 HZ Wells 25 HZ Wells 63 HZ Wells 1 HZ Well 10 HZ Wells West Portage Groundbirch Attachie West Septimus Septimus Goose Tower Doig 4 20 1 AA Upper Montney 1 7 2 1 A 24…
  12. October 2015 Investor Presentation – Crew Energy Inc. – slide 12
    SEPTIMUS: EXCELLENT RETURNS & IMPROVING RECOVERIES 5.0 bcf EUR per well(1) 500 boe/d IP365(2) (3)(4) Septimus Type Wells 2,500 Cumulative Gas Prod. (mmcf) Improved efficiencies have lead to 1 bcf of 2,000 production in one…
  13. October 2015 Investor Presentation – Crew Energy Inc. – slide 13
    60 mmcf/d plant with expansion WEST SEPTIMUS capability to 120 mmcf/d Continuation of Septimus Trend Step-out area - Montney expansion Over pressured with greater porosity, permeability and liquids than Septimus Up to 220 bbls…
  14. October 2015 Investor Presentation – Crew Energy Inc. – slide 14
    TOWER Emerging Montney Light Oil Play 51 net sections First of several light oil, high netback areas in Crews portfolio to be developed Near to mid-term growth potential EURs(1)/well 203% to 440 mboe Crew Operated Pipeline Four…
  15. October 2015 Investor Presentation – Crew Energy Inc. – slide 15
    Next Steps 16
  16. October 2015 Investor Presentation – Crew Energy Inc. – slide 16
    GROUNDBIRCH Planned gas plant and pipeline infrastructure Delineation Area with Long-Term Upside supports area growth Offsetting vertical + horizontal development Proposed North Montney Mainline Spectra Westcoast Pipelines…
  17. October 2015 Investor Presentation – Crew Energy Inc. – slide 17
    ATTACHIE Proof of Concept Stage Excellent test rates from Several prolific offsetting producers in Upper and Lower Montney exploration wells Crew 10-22 well Over-pressured with liquids-rich natural gas Crew 15-36 well 2013/14…
  18. October 2015 Investor Presentation – Crew Energy Inc. – slide 18
    LLOYDMINSTER HEAVY OIL Lloydminster 50MM Disposition Closed Q3 15 ALBERTA SASKATCHEWAN Disposition included 225 boe/d BRIGHTSAND production, 1.0 mmboe 2P reserves and SWIMMING LLOYD Lloydminster 11,670 net acres of land LOW…
  19. October 2015 Investor Presentation – Crew Energy Inc. – slide 19
    MAKING THE RIGHT DECISIONS SIGNIFICANT IMPROVEMENTS OVER 2014 Latest Montney results at W. Septimus: IPs 100% above type curve Drill times 22%, drilling & completion costs 20-25% in 2015 Drill 12 more wells and complete 5 more wells…
  20. October 2015 Investor Presentation – Crew Energy Inc. – slide 20
    SEPTIMUS MONTNEY: SWEET SPOT OF THE BASIN EQUALS LEADING ECONOMICS Montney Well Economics by Area Capex / well IP 30 Recovery Liquids Yield BTax IRR BTax NPV Fields (mm) (mmcf/d) (bcfe) (bbl/mmcf) 8.5% (mm) Area 4 Parkland,…
  21. October 2015 Investor Presentation – Crew Energy Inc. – slide 21
    2015 CAPITAL PROGRAM AND BUDGET 2015 2014 Cash Flow (CF) (mm) 85 172 CF/diluted share 0.62 1.39 Hedging Summary as of September, 2015 Capex net of A & D (mm) 135 307 Volume Period Derivative Reference Price Well count (net) 26.3…
  22. October 2015 Investor Presentation – Crew Energy Inc. – slide 22
    NE BC MONTNEY RESOURCE EVALUATION Dec. 31, 2014 Apr. 30, 2014 Reserves and Economic Contingent Resources (1)(2)(3)(6)(7)(8) Best Estimate Best Estimate % Dec. 31, 2014 Apr. 30, 2014 Natural Gas (Tcf) Reserves (3) 1.0 0.5 100%…
  23. October 2015 Investor Presentation – Crew Energy Inc. – slide 23
    RESERVES SUMMARY 2014 2013 % Proved plus probable (mmboe) 220 197 12% Per share (mboe/mmshares) 1,786 1,622 10% Per debt adjusted share (mboe/mmshares) 1,330 1,063 25% Proved (mmboe) 107 115 (7%) Per share (mboe/mmshares) 863 947…

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