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November 2015 Corporate Presentation – Striker Exploration Corp

Striker Exploration Corp · Nov 6, 2015 · 28 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. November 2015 Corporate Presentation – Striker Exploration Corp – slide 1
    Light Oil Focused Growth Corporate Presentation November 2015 TSX-V : SKX SKX TSX-V
  2. November 2015 Corporate Presentation – Striker Exploration Corp – slide 2
    Value Cycle 75+ existing locations Vertical re-entries Farm-ins Horizontal drilling Acquisitions Drilling Operational Inventory Execution Financial Production Position Base Debt/CF 1.0x Lower decline Committed insiders…
  3. November 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 (1.01 per share at November 4, 2015) 33 MM 33% Net debt…
  4. November 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 Hz Location Capital expenditures…
  5. November 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 to 1.2x Strong balance sheet well positioned to manage through current downturn Graph Notes: 1. Source: Dundee Nov…
  6. November 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. November 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. November 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 Belly River acreage Drilling inventory of…
  9. November 2015 Corporate Presentation – Striker Exploration Corp – slide 9
    Belly River Deal Metrics Thorsby Wilson Wilson Aggregate Purchase Price Allocation Q1/2015 Q2/2015 Q3/2015 Purchase Price (millions) (1) 1.75 3.88 8.10 13.73 Producing reserve value (millions)(2) 0.98 3.45 7.70 12.13 88% Net price…
  10. November 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. November 2015 Corporate Presentation – Striker Exploration Corp – slide 11
    Striker Belly River Horizontal Well Economics Based on 50 WTI pricing, 1.75 million per hzl well and Crown royalties Proved + IP90 Payout Proved + Probable ROR Tier Probable (boe/d) (months) NPV10 (M) (%) Reserves (Mboe) 1 18 N/A…
  12. November 2015 Corporate Presentation – Striker Exploration Corp – slide 12
    Striker Belly River Horizontal Well Performance Daily Rate vs. Time Cumulative Production vs. Time Chigwell 02/15-28 cum production over 24 months is 319 Mboe Brazeau 16-04 (subject to intermittent TCPL outages) Note:…
  13. November 2015 Corporate Presentation – Striker Exploration Corp – slide 13
    Thorsby Belly River Project Management intends to re-focus on the Basal Belly River horizontal oil play 2015/Q3 3 gross (3.0 net) Wells Belly River Channel Exploration (CEE) Drill Program Thorsby Basal Belly River Attributes…
  14. November 2015 Corporate Presentation – Striker Exploration Corp – slide 14
    Vertical Well Re-entry Initiative Opportunity: At current strip(1) vertical re-frac generates 125+ vertical wells at Wilson Creek producing or 85% IRRs & 1.3 yr payouts(2) penetrating the Basal Belly River and various Belly River…
  15. November 2015 Corporate Presentation – Striker Exploration Corp – slide 15
    Wilson Creek Belly River Project Management intends to focus on a 2015/Q4 - 6 gross (2.9 net) Well Delineation & combination of vertical re-entry Exploration (CEE) Basal Belly River & Channel Drill Program and horizontal location…
  16. November 2015 Corporate Presentation – Striker Exploration Corp – slide 16
    52 J T52 Opportunity Driven / Execution Focused I J J I KII JI I J IJ II EE EE II II JI J S E 50 T50 J J E E K J Thorsby ESE J E ES F Competitive Basal Belly Early stage Belly River horizontal JEJ J JS I…
  17. November 2015 Corporate Presentation – Striker Exploration Corp – slide 17
    Striker Summary Deep value proposition Enterprise value to 2015e funds flow 4.0x Share price to 2015e funds flow 2.5x VALUE Enterprise value to 2015e PDP10% 0.80x(1) Financially disciplined Net debt to trailing 2015e funds flow…
  18. November 2015 Corporate Presentation – Striker Exploration Corp – slide 18
    Contact Info Doug Bailey Corporate Partners President and CEO Auditor KPMG LLP 1.587.794.4721 dbaileystrikerexp.com Reserves GLJ Petroleum Consultants Bank Syndicate TD Bank & National Bank Striker Exploration Corp. 1250,…
  19. November 2015 Corporate Presentation – Striker Exploration Corp – slide 19
    Appendices 19 SKX TSX-V
  20. November 2015 Corporate Presentation – Striker Exploration Corp – slide 20
    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…
  21. November 2015 Corporate Presentation – Striker Exploration Corp – slide 21
    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…
  22. November 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. November 2015 Corporate Presentation – Striker Exploration Corp – slide 23
    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…
  24. November 2015 Corporate Presentation – Striker Exploration Corp – slide 24
    Chigwell Belly River Project R27 R26 R25W4 G S G D F G C G C G G L K L D L One high-impact Belly River Hzl with 12 7 8 9 10 11 12 7 8 9 10 11 D F G G J J T43 S E G G F GG T43 follow-up potential & additional G E J…
  25. November 2015 Corporate Presentation – Striker Exploration Corp – slide 25
    V Brazeau Belly River Project R9W5 E U V C V E L G E K E UF A E One high-impact Belly River Hzl with G A follow-up development and V 9 U 10 11 delineation potential G FAU J J J L G F A L V E G A UV…
  26. November 2015 Corporate Presentation – Striker Exploration Corp – slide 26
    VVVV Drayton Valley Cardium Oil R7W5 EE UU EE EE S F EE F A Nine top-tier Mhorizontals with low-riskSdownspacing potential EE I E I E S EE EE EE EE E E Full control of Cardium light (38API) oil pool with J J EE S I I I…
  27. November 2015 Corporate Presentation – Striker Exploration Corp – slide 27
    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 6 G Full control of Lloydminster medium (28API) oil pool with F K C U downspacing holding approvals…
  28. November 2015 Corporate Presentation – Striker Exploration Corp – slide 28
    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)…

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