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October 2015 Corporate Presentation – Striker Exploration Corp

Striker Exploration Corp · Oct 20, 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. October 2015 Corporate Presentation – Striker Exploration Corp – slide 1
    Light Oil Focused Growth Corporate Presentation October 2015 TSX-V : SKX SKX TSX-V
  2. October 2015 Corporate Presentation – Striker Exploration Corp – slide 2
    Striker Investment Highlights Fundamental Value Reserves, production, cash flow Quality Asset Base Clear Growth Strategy Multi-year, lower risk light oil Acquire new land & drilling inventory exploit existing acreage 2…
  3. October 2015 Corporate Presentation – Striker Exploration Corp – slide 3
    Striker Profile TSXV: SKX Basic shares 32.2 MM Dilutive securities (strike price at 2.40+ / 6.0 MM expiring April 2016) 11.5 MM Fully diluted shares 43.7 MM Market capitalization (1.20 per share at October 14, 2015) 39 MM 33% Net…
  4. October 2015 Corporate Presentation – Striker Exploration Corp – slide 4
    2015 Guidance (Revised May 27, 2015) Forecast average full-year 2015 production: Light/medium oil (bbls/d) 1,525 NGLs (bbls/d) Natural gas (mcf/d) 100 6,150 75+ Oil equivalent (boe/d) 2,650 Hzl Location Capital expenditures…
  5. October 2015 Corporate Presentation – Striker Exploration Corp – slide 5
    Debt/Cash Flow Peer Comparison 2015E D/CF Universe Comparison Strip 2015E D/CF Peer Comparison Strip SKX 1.0x Strong balance sheet: well positioned to manage Graph Notes: 1. Source: Dundee July 30, 2015. through current…
  6. October 2015 Corporate Presentation – Striker Exploration Corp – slide 6
    KK LL K K LKL KD LK L K L LLK K K LL K D LKL L F LK FKF F F K DK F F FF F FF L L LJ LE J F LL LLLKJ LF E I IDII IIJE J E III KF L FK KK FF LJL IL I E LF EF K FFFF K KFL ILL KJ FF IJ J F I F KK FKK K EFI…
  7. October 2015 Corporate Presentation – Striker Exploration Corp – slide 7
    Belly River Schematic Diagram The Belly River Formation is 250 meters thick and consists of multiple, stacked oil producing channel sands overlying an oil producing regional marine sand. Abundant vertical oil wells and drill-throughs…
  8. October 2015 Corporate Presentation – Striker Exploration Corp – slide 8
    Belly River Oil Fairway Extensive land position: Data-rich: 2,200 Belly River vertical oil wells Under-exploited: only 204 Belly River horizontal oil wells 202 gross / 155 net sections of Drilling inventory of 41 hzl locations…
  9. October 2015 Corporate Presentation – Striker Exploration Corp – slide 9
    Belly River Deal Metrics Thorsby Wilson Creek Wilson Creek Aggregate Q1/2015 Q2/2015 Q3/2015 Purchase Price Allocation Purchase Price (millions) (1) 1.75 3.88 8.10 13.73 Producing reserve value (2) 0.98 3.45 7.70 12.13 12% Net…
  10. October 2015 Corporate Presentation – Striker Exploration Corp – slide 10
    Belly River Land Capture 107 gross / 88.0 net sections Wilson Creek Project 42.5 gross / 26.75 net sections 3 gross / 1.25 net sections 3 gross / 1.25 net sections Q4 2014 Q1 2015 Q2 2015 Q3 2015 1.25 gross / 1.25 net…
  11. October 2015 Corporate Presentation – Striker Exploration Corp – slide 11
    Striker Belly River Single Well Economics Based on 50 WTI pricing, 1.75 million per hzl well and Crown royalties Proved + Payout Proved + Probable ROR Tier 90 Day IP (bbls/d) Probable (months) NPV10 (M) (%) Reserves (Mbbls) 1 13…
  12. October 2015 Corporate Presentation – Striker Exploration Corp – slide 12
    Striker Belly River Horizontal Well Performance Daily Rate vs. Time Chigwell 02/15-28 cum production over Cumulative Production vs. Time 24 months is 310 Mboe Brazeau 16-04 (subject to intermittent TCPL outages) Two top-tier…
  13. October 2015 Corporate Presentation – Striker Exploration Corp – slide 13
    Wilson Creek Belly River Project Multi-well battery 1,500 bpd fluid handling & 3MMcfpd gas compression 2015/Q4 - 6 gross (2.9 net) Delineation & Exploration (CEE) Basal Belly River & Channel Well Drill Program Wilson Creek…
  14. October 2015 Corporate Presentation – Striker Exploration Corp – slide 14
    Thorsby Belly River Project 2015/Q3 3 gross (3.0 net) Exploration (CEE) Belly River Channel Well Drill Program Thorsby Basal Belly River Attributes Production(1) 96 boepd (60% light oil) Wells 2 producing horizontals Land 15.5…
  15. October 2015 Corporate Presentation – Striker Exploration Corp – slide 15
    Chigwell Belly River Project R27 R26 R25W4 G S G D F G C G C G G L K L D L 12 7 8 9 10 11 12 7 8 9 10 11 D G G J J F One high-impact Belly River Hzl T43 S E G G G F GG with follow-up potential & T43 E J J L L…
  16. October 2015 Corporate Presentation – Striker Exploration Corp – slide 16
    V U Brazeau Belly River Project E R9W5 V C V E G L G E K E UF One high-impact Belly River Hzl A E with with follow-up follow-up A development potential ∧ V 9 10 11 additional delineation…
  17. October 2015 Corporate Presentation – Striker Exploration Corp – slide 17
    Opportunity Driven / Execution Focused R16 R14 R12 R10 R8 R6 R4 R2W5 R26 R24W4 I T52 J T52 I J J I KII JI I J IJ II EE EE II II JI J S E T50 T50 J J E E K J ESE J E ES F JS L I E EIJ I F JEJ J IEEEII…
  18. October 2015 Corporate Presentation – Striker Exploration Corp – slide 18
    Contact Info Doug Bailey President and CEO Corporate Partners 1.587.794.4721 Auditor KPMG LLP dbaileystrikerexp.com Reserves GLJ Petroleum Consultants Bank Syndicate TD Bank & National Bank Striker Exploration Corp. 1250, 645-7th…
  19. October 2015 Corporate Presentation – Striker Exploration Corp – slide 19
    Management Team Doug Bailey Over 20 years of business and financial management in E&P. Prior experience: Founder and CFO President & CEO (Director) of Hyperion Exploration, Canadian Phoenix Resources Corp. Frank Muller, P.Geo. Over 30…
  20. October 2015 Corporate Presentation – Striker Exploration Corp – slide 20
    Board of Directors Founder, President & CEO and Chairman of Raging River Exploration Inc. Previously was Founder, Neil Roszell President, CEO and Director of Wild Stream Exploration Inc., Wild River Resources., and Prairie Schooner…
  21. October 2015 Corporate Presentation – Striker Exploration Corp – slide 21
    August 2015 Capitalization Table Subscribed or CAPITAL STRUCTURE Shares Strike Price Dollars Shares outstanding pre-recap 956,948 3.92 3,750,327 Issued in June 2014 re-cap 12,500,000 2.00 25,000,000 Issued in August 2014 rights…
  22. October 2015 Corporate Presentation – Striker Exploration Corp – slide 22
    Sensitivities to Changing Oil Price for September to December 2015 Strip Netback in CAD WTI USbbl 30 40 (44.47 avg 50 70 SepDec 15) Revenue - Oil and Gas 23.04 30.62 34.00 38.20 53.23 Royalties (2.94) (4.21) (5.42) (5.66) (9.42)…
  23. October 2015 Corporate Presentation – Striker Exploration Corp – slide 23
    Corporate Reserves at December 31, 2014 (Not including 2015 Thorsby and Wilson Creek Acquisitions or 2015 development activities and production) Oil & NGLs Gas Total FDC NPV Btax at 10% Net Year End Category (Mbbls) (Mmcf) (Mboe)…
  24. October 2015 Corporate Presentation – Striker Exploration Corp – slide 24
    VVVV Drayton Valley Cardium Oil R7W5 EE UU EE EE S F EE Nine top-tier horizontals with low-risk downspacing F A potential EE M I I S EE S EE EE EE Drilled 2 Cardium horizontal oil wells in Q4/2014 EE E E J J EE S I I…
  25. October 2015 Corporate Presentation – Striker Exploration Corp – slide 25
    12 Killam Lloydminster Oil L R11 K G L G R10W4 K C L K G UK U E L F G K C F K L L L G G T43 1 6 F 5 4 3 2 1 Drilled 3 Lloydminster horizontal oil wells in Q4/2014 which were 6 G F K C completed and put on…

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