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CORPORATE UPDATE – Laricina Exploration

Laricina Exploration · Mar 31, 2014 · 21 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. CORPORATE UPDATE – Laricina Exploration – slide 1
    VALUE I GROWTH I INNOVATION Corporate Update Glen Schmidt President and CEO March 31, 2014
  2. CORPORATE UPDATE – Laricina Exploration – slide 2
    Laricina Advantages Third largest pure play holder of oil sands resource in Canada(1) Significant, High Quality In 570,000+ bbl/d net production potential, with medium term target of 42,500 bbl/d net Situ Asset Base 3.9 bn of…
  3. CORPORATE UPDATE – Laricina Exploration – slide 3
    Corporate Profile Capitalization (March 18, 2014) Basic 67.8 million shares Officer & director ownership(1) 5.3% of basic Fully diluted 73.4 million shares December 31, 2013 working capital 143.3 million Credit Facility 15 million…
  4. CORPORATE UPDATE – Laricina Exploration – slide 4
    Significant Resource Base Concentrated operations at Germain and Saleski Assets outside of Germain and Saleski offer inventory for future growth Innovation to enhance value, a core component of Laricinas business model Top Oil…
  5. CORPORATE UPDATE – Laricina Exploration – slide 5
    Targeted Commercial Capacity 50,000 42,500 Germain Phase 2 (30,000 bbls/d net) 40,000 Net Installed Capacity (bbl/d) Saleski Phase 1 (6,420 bbld/d net) Germain CDP (5,000 bbls/d net) 30,000 Saleski Pilot (1,080 bbld/d…
  6. CORPORATE UPDATE – Laricina Exploration – slide 6
    Germain Commercial Demonstration Project (CDP) Area: 44,161 acres, 100% w.i. Began steaming in June, initial 2P Best Estimate Production conversion to production in September Reserves Contingent Potential Wells responded as expected…
  7. CORPORATE UPDATE – Laricina Exploration – slide 7
    7 Germain CDP Operational Update CDP objectives include testing well placement, well completion, start-up process, SAGD and SC-SAGD recovery processes Steady operation has been SL Slotted Liner WW Wire Wrap achieved Produced…
  8. CORPORATE UPDATE – Laricina Exploration – slide 8
    Germain CDP Well Status 6 3 Well Pairs - 3, 5, 6 5 Production (producer below Conditioning Conversion - Dev. Bit flow Solvent/Gas Co-inj. basal water) Ramp up 8 Well Pairs - 7, 8, 9, 10 7 Production 10 (producer above Conditioning…
  9. CORPORATE UPDATE – Laricina Exploration – slide 9
    Saleski 2P Reserves Best Estimate Production April 2012 Contingent Resources Potential Formation (net bn bbl)(1) (net bn bbl)(1) (gross bbl/d)(1) Grosmont 0.1 1.5 315,500 2C continues to perform and demonstrate commercial…
  10. CORPORATE UPDATE – Laricina Exploration – slide 10
    Saleski Pilot Operational Update 1C sidetrack performing well First production achieved in February 2014 following first block steaming of 1C and 2C Currently drilling new D well using next generation drilling technology 1D…
  11. CORPORATE UPDATE – Laricina Exploration – slide 11
    Pilot: 1C Sidetrack Well Result Drilled into heated reservoir, well bore is 60% longer than 2C (700m) Drilled balanced, using foam, and completed open hole Successfully managed pressure while drilling by injecting steam into 2C…
  12. CORPORATE UPDATE – Laricina Exploration – slide 12
    1C Sidetrack Performance/Forecast Forecasting cycle SOR 1.7-2.4 and CDOR 200-290 bbl/d (note: not a full steam cycle prior and well unstimulated) Well stimulation late April/early * May. Temperature limitation on equipment…
  13. CORPORATE UPDATE – Laricina Exploration – slide 13
    2C Performance/Forecast Temp. trend has not fallen Currently forecasting cycle materially post-block steaming SOR 3.1 and CDOR 230 290 * bbl/d from a 450m well *BHT bottom hole temperature CSOR 3.2 gets 2C back on type…
  14. CORPORATE UPDATE – Laricina Exploration – slide 14
    Pilot: 1D Cycle Performance D zone reservoir quality (even from Cycle 1 79 vintage well design) yields high well Cycle 2 177 deliverability and confirms conservative Cycle 3 177 CDOR assumption for the D zone for Cycle 4* 90…
  15. CORPORATE UPDATE – Laricina Exploration – slide 15
    Future Development: Concept Start with cyclic convert to continuous: Cyclic to Continuous SAGD (C2C-SAGD) March 31, 2014 NEXT STEPS 15
  16. CORPORATE UPDATE – Laricina Exploration – slide 16
    Saleski Phase 1 Commercial Plan Grosmont initial projections: CSOR 3 3.5; CDOR 300 500 bbl/d C C-SAGD: Single well horizontal cyclic recovery only; 500 850 bbl/d combined C and D zones Bitumen target capacity, 10,700 bbl/d,…
  17. CORPORATE UPDATE – Laricina Exploration – slide 17
    Saleski Phase 1 Design and Update Efficient design to reduce footprint Modules, concentrated central Well module processing facility All regulatory approvals in place Site cleared, grubbed and stripped Target engineering 90%…
  18. CORPORATE UPDATE – Laricina Exploration – slide 18
    Truck and Rail Terminal Strategy Transition Long-term to Pipe A number of truck locations provide flexibility and price competition for Saleski and Germain delivery options High New rail projects have been Prairie announced over…
  19. CORPORATE UPDATE – Laricina Exploration – slide 19
    Next 12-18 Months Expected Milestones Saleski Germain Refine C-SAGD optimization Continue to convert well-pairs to production and Continue to test interaction between Grosmont C increase production ramp-up and D zones at pilot and…
  20. CORPORATE UPDATE – Laricina Exploration – slide 20
    Significant Definitions In this presentation the reserve and recoverable resource numbers, along with the net present values given, are as defined in the report of GLJ Petroleum Consultants Ltd. (GLJ) regarding certain of Laricinas…
  21. CORPORATE UPDATE – Laricina Exploration – slide 21
    Contact Us Laricina Energy Ltd. 800, 425 1st Street SW Calgary, Alberta T2P 3L8 403-750-0810 www.laricinaenergy.com laricinalaricinaenergy.com March 31, 2014 NEXT STEPS 22

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