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November 2015 Corporate Presentation – Crew Energy Inc.

Crew Energy Inc. · Nov 19, 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. November 2015 Corporate Presentation – Crew Energy Inc. – slide 1
    CORPORATE PRESENTATION November, 2015 SHARPENING OUR FOCUS TSX: CR
  2. November 2015 Corporate Presentation – Crew Energy Inc. – slide 2
    CREW CORPORATE SNAPSHOT Montney-Focused Asset Base POSITIONED FOR SUCCESS TSX trading symbol CR Basic shares outstanding (mm) 141.1 Trading range (52 week) 3.40 - 8.33 Montney Oil / Liquids rich Average daily trading volume (m)…
  3. November 2015 Corporate Presentation – Crew Energy Inc. – slide 3
    CREW: AHEAD OF THE CURVE Focused asset base in growing resource play 110 TCFE TPIIP Montney resource in NE BC 474 net sections of Montney rights in NE BC Large, contiguous & ideally situated land (4th largest Montney landholder)…
  4. November 2015 Corporate Presentation – Crew Energy Inc. – slide 4
    Q3 2015 HIGHLIGHTS Operational Success Positions Crew for Continued Growth Commissioned 60 mmcf/d West Septimus facility at 30 mmcf/d, with volumes from only 6 wells Throughput will increase to 40 mmcf/d to meet forecast exit…
  5. November 2015 Corporate Presentation – Crew Energy Inc. – slide 5
    World-Class Montney Resource 6
  6. November 2015 Corporate Presentation – Crew Energy Inc. – slide 6
    NEBC MONTNEY: A GLOBALLY COMPETITIVE PLAY 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…
  7. November 2015 Corporate Presentation – Crew Energy Inc. – slide 7
    SEPTIMUS: SWEET SPOT OF THE MONTNEY Crews 474 sections of land are situated in the sweet spot of the play (Area 2) High IRR & EUR TD Focus Areas - Area 1 (Greater Town) Comparison of IRRs and EURs across Montney Focus Areas (1) -…
  8. November 2015 Corporate Presentation – Crew Energy Inc. – slide 8
    SHARPENED MONTNEY FOCUS 2007 - 2015 Growing Montney Acreage (2007 (2007)- 2010) 2015) Attachie West Septimus Portage 7-5 Lead Well Tower Septimus Groundbirch Initial Montney acreage position 2007 Focused Montney…
  9. November 2015 Corporate Presentation – Crew Energy Inc. – slide 9
    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)…
  10. November 2015 Corporate Presentation – Crew Energy Inc. – slide 10
    EARLY STAGES: 9% (41.6 NET SECTIONS) HAVE RESERVES ASSIGNED Flatrock CREW ACREAGE BREAKDOWN: Oil/Condensate Sections: 138 Goose Wet Gas Sections: 265 Dry Gas Sections: 71 Attachie Total Net Sections: 474 West Septimus 1.2 TCFE…
  11. November 2015 Corporate Presentation – Crew Energy Inc. – slide 11
    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,…
  12. November 2015 Corporate Presentation – Crew Energy Inc. – slide 12
    CREW MONTNEY STRATIGRAPHIC STACK 2 HZ Wells 2 HZ Wells 2 HZ Wells 29 HZ Wells 67 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…
  13. November 2015 Corporate Presentation – Crew Energy Inc. – slide 13
    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…
  14. November 2015 Corporate Presentation – Crew Energy Inc. – slide 14
    60 mmcf/d plant with expansion WEST SEPTIMUS capability to 120 mmcf/d Better Rock with Higher Liquids = Exceptional Returns Step-out area - Montney expansion Over pressured with greater porosity, permeability and liquids than…
  15. November 2015 Corporate Presentation – Crew Energy Inc. – slide 15
    Near to mid-term growth potential TOWER Crew Operated Pipeline Spectra Westcoast Pipelines 51 net sections Expanding Montney Light Oil Play Q4/14 wells First of several light oil, high netback areas in Crew Septimus Crews…
  16. November 2015 Corporate Presentation – Crew Energy Inc. – slide 16
    Next Steps 17
  17. November 2015 Corporate Presentation – Crew Energy Inc. – slide 17
    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…
  18. November 2015 Corporate Presentation – Crew Energy Inc. – slide 18
    ATTACHIE Pilot Wells Successful 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…
  19. November 2015 Corporate Presentation – Crew Energy Inc. – slide 19
    LLOYDMINSTER HEAVY OIL Lloydminster ALBERTA SASKATCHEWAN 50MM Disposition Closed Q3 15 BRIGHTSAND Disposition included 225 boe/d production, SWIMMING LLOYD 1.0 mmboe 2P reserves and 11,670 net Lloydminster LOW LAKE acres of…
  20. November 2015 Corporate Presentation – Crew Energy Inc. – slide 20
    AHEAD OF THE CURVE 20,000 boe/d Massive Resource Currently behind pipe 110 Tcfe TPIIP Strong Balance Sheet 25% drawn on 250MM facility Commodity Optionality Oil/Condensate/Gas Access to Infrastructure Existing and…
  21. November 2015 Corporate Presentation – Crew Energy Inc. – slide 21
    Contact Info: Dale O. Shwed, President & CEO Suite 800, 250 - 5th Street SW John G. Leach, Senior Vice President & CFO Calgary, Alberta T2P 0R4 Telephone: (403) 266-2088 Robert J. Morgan, Senior Vice President & COO Email:…
  22. November 2015 Corporate Presentation – Crew Energy Inc. – slide 22
    APPENDIX 23
  23. November 2015 Corporate Presentation – Crew Energy Inc. – slide 23
    SEPTIMUS MONTNEY: SWEET SPOT OF THE BASIN EQUALS LEADING ECONOMICS TD Montney Well Economics by Focus Area British Columbia Alberta Greater Pouce Greater Town Greater Septimus Greater Swan Coupe Greater Kakwa Greater Kaybob…
  24. November 2015 Corporate Presentation – Crew Energy Inc. – slide 24
    2015 CAPITAL PROGRAM AND BUDGET 2015 Cash Flow (CF) (mm) 85 CF/diluted share 0.62 Hedging Summary as of November, 2015 Capex net of A & D (mm) 135 Volume Period Derivative Reference Price Well count (net) 26.3 Natural Gas…
  25. November 2015 Corporate Presentation – Crew Energy Inc. – slide 25
    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%…
  26. November 2015 Corporate Presentation – Crew Energy Inc. – slide 26
    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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