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October 2015 Corporate Presentation – Marquee Energy Ltd.

Marquee Energy Ltd. · Oct 31, 2015 · 26 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 – Marquee Energy Ltd. – slide 1
    Marquee Energy Ltd. October 2015 TSX-V: MQL OTCQX: MQLXF www.marquee-energy.com 1
  2. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 2
    Marquee Snapshot Production: 5,326 boed (1H 2015 average) Corporate Decline: 22% 2015 Cashflow: 22-24 MM Enterprise Value: 107.7 MM (Sept 25, 2015) Shares Outstanding: 120.3 MM Insider Ownership: 14%/18.5% FD Reserves (2014…
  3. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 3
    CORPORATE STRATEGY MAINTAIN a strong, flexible balance sheet. FOCUS on sustainable growth and manageable declines. DELIVER solid, repeatable results. SEEK additional reductions in capital and operating costs. CONCENTRATE on…
  4. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 4
    RECIPE FOR JUNIOR E&P SUCCESS CONSOLIDATED land position ACCESS to infrastructure & takeaway capacity AFFORDABLE well costs STRONG drilling results DEEP prospect inventory CONTROL the pace OPTIMIZED cost structure 5
  5. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 5
    ASSET BASE OVERVIEW Alberta Saskatchewan Michichi 85% of total production Current Production = 4,600 boe/d 290+ horizontal oil-focused drilling locations identified(1) 270 net undeveloped sections of land Edmonton Ownership…
  6. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 6
    Contingent Oil Resource Assessment On October 15, 2015 Marquee Energy Ltd. announced the results of an independent contingent resources evaluation performed by Sproule Associates Limited for lands held by Marquee in the Michichi area…
  7. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 7
    MICHICHI GEOLOGICAL MODEL MIDDLE BANFF DETRITAL BANFF SAND API () 30-36 30-36 30-36 Pay (m) 2-10 3-8 3-8 Perm (md) 0.1-30 100-300 10-100 Porosity (%) 4-9 15-25 10-24 DPIIP (sec) 6-12 1-3 RF (%)* 10 15 15 Depth (m)…
  8. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 8
    THE MICHICHI ADVANTAGE Extensive Oil Potential 10 million barrels of oil in place per section combined for Banff and Detrital zones in MQL focus area Waterflood upside Dominant Land Base 270 net undeveloped sections Crown land…
  9. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 9
    MICHICHI WELL PERFORMANCE Michichi Well Performance 250 Expected IP30 Rate (186 BOE/D) 2014-2015 Drill Season Actuals Calendar Day Rate, BOE/D 200 150 100 Michichi at a Glance 50 - Light Oil 32- 34 1 2 3 4 5 6 7 8 9 10…
  10. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 10
    MICHICHI WELL ECONOMICS 1 2.0 MM capital and constant dollar pricing used for all cases 2 11 Realized Canadian price includes 8% WTI/Cdn Light Differential and MQL 6.75 quality / transportation offset
  11. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 11
    MICHICHI REDUCTIONS IN CAPITAL COST STRUCTURE Drilling Cost Per Meter Advancements to Marquees drilling design and operations process have successfully decreased 2,500.00 drilling costs over time. 2,000.00 Cost/Meter 1,500.00…
  12. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 12
    MQL COST STRUCTURE AND POTENTIAL ASSET VALUE Historical Performance Potential Asset Value (PAV) Cost Structure and Production Growth Peer Comparison (1)(2) 30% 36.00 45.0 Peer Companies Marquee 20% 32.00 44.0 10% BOE/d per…
  13. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 13
    CANADIAN OIL AND NATURAL GAS PLAYS HALF-CYCLE PAYOUT PERIOD 14
  14. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 14
    MARQUEE HIGHLIGHTS WHY INVEST R R R R R R Solid Top-quartile Large land Continuous Strong balance 100% owned production well base and improvements sheet infrastructure performance economics drilling in cost structure…
  15. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 15
    RECENT ACHIEVEMENTS AND NEAR TERM CATALYSTS 2014 Achievements: 2015 Catalysts: R Improved consistency and magnitude of well results: positive Summer drilling program: (4 HZ Michichi wells) to add adjustment to type curve and…
  16. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 16
    ANALYST COVERAGE Peters & Co. Acumen Capital DALE LEWKO TREVOR REYNOLDS E: DLEWKOPETERSCO.COM E: TREYNOLDSACUMENCAPITAL.COM P: 403-261-2215 P: 403-410-6842 Haywood Securities Inc. Dundee Capital Markets DARRELL BISHOP CHAD…
  17. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 17
    CONTACT US For more information, please contact: Main: 403-384-0000 Richard Thompson Fax: 403-265-0073 President, CEO & Director Address: 1700, 500-4th Ave SW Calgary, AB T2P 2V6 Email: rthompsonmarquee-energy.com Investor…
  18. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 18
    Appendix 19
  19. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 19
    EXPERIENCED MANAGEMENT TEAM Richard Thompson, President & CEO (since 2011) Former Executive Vice President/ Director of Cequence Energy Ltd. from 2008 to 2010 Former Vice President of Exploration at Cyries Energy Inc. from 2004 to…
  20. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 20
    STRONG GOVERNANCE Glenn Carley, BA, LLB., MBA, ICD.D Mr. Carley is the President of Selinger Capital Inc., a private investment company and has served as a Director of Marquee since December 5, 2011, and Chairman since May 2015. Mr.…
  21. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 21
    MQL HEDGES AS OF OCTOBER 1, 2015 Term Hedge Type Counterparty Volume Pricing July 1, 2015 to December 31, 2015 WTI fixed price National Bank 200 bbls/d Cdn 74.05/bbl July 1, 2015 to December 31, 2015 WTI fixed price National Bank…
  22. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 22
    2014/2015 PRODUCTION AND NETBACKS Q2-14 Q3-14 Q4-14 2014 Q1-15 Q2-15 Average Production 5,035 5,143 5,209 4,858 5,536 5,118 BOE/D Liquid Content 43% 42% 46% 44% 50% 49% 55.93 49.97 44.56 52.00 31.35 34.53 /BOE Sales Price 7.31…
  23. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 23
    RESERVES GROWTH Marquee Reserves Growth 25,000 Proved Producing Total Proved Total Proved plus Probable 20,000 15,000 MBOE 10,000 5,000 0 2011 2012 2013 2014 Apr-15 Reserves Category Light Oil Heavy Oil Gas NGL Total…
  24. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 24
    CONTINUOUS IMPROVEMENT REDUCING OP LOWERING IMPROVING Y/Y RESERVES COSTS G&A F&D COSTS GROWTH 2013 Avg.= 22.55/boe 2013 Avg. = 6.15/BOE 2013 Avg. = 24.60/boe 2011 PDP = 1,999 MBOE 2014 Avg.= 18.70/boe 2014 Avg. = 3.70/BOE 2014…
  25. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 25
    LLOYDMINSTER PERFORMANCE 2014 Lloydminster Well Results 100 Regional/Sparky 90 McLaren 80 HZ MQL 2014 Wells 70 * BOE/D 60 To be optimized + Well bore damage 50 40 30 20 10 0 + * * * Wells (Chronologically…
  26. October 2015 Corporate Presentation – Marquee Energy Ltd. – slide 26
    MARQUEE HISTORY Closed PVR sale on Entered into a Closed property Received Acquired gas plant, Closed bought deal Lloyd property for reorganization and acquisition at shareholder approval gathering system Closed transaction to…

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