Skip to main content September 2015 Corporate Presentation – Spartan Energy Corp. | Shale Experts
Loading...
Pm

September 2015 Corporate Presentation – Spartan Energy Corp.

Spartan Energy Corp. · Sep 30, 2015 · 30 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. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 1
    SPARTAN ENERGY CORP. Corporate Presentation September 2015
  2. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 2
    Checklist for Success Spartan has a deep inventory of highly economic drilling prospects. 989 (797 net) drilling locations in Sask, the majority of which are economic below WTI 40.00 Spartan is financially sound and can weather a…
  3. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 3
    Company Snapshot Stock symbol SPE - TSX Market capitalization ( September 1, 2015) 634 million FD Enterprise value ( September 1, 2015) 764 million Q2 2015 Average Production 8,710 boe/d Oil & liquids weighting 94% 2014 Year end…
  4. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 4
    Light Oil With Geographic Focus West Central Top tier netback light oil Saskatchewan 192 net drilling locations Southeast Conventional Mississippian Saskatchewan and frac Midale light oil plays Attractive well economics Low…
  5. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 5
    SE Saskatchewan Open Hole HZ Mississippian & Midale Frac HZ Light Oil Plays Large Oil in Place: OOIP 1 billion bbls (on SPE lands) Low recovery factors to date 16% All SE Sask Land = 199,939 gross/163,099 net acres (312 gross/255…
  6. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 6
    Greater Queensdale Open Hole Frobisher-Alida Plays Large Oil in Place = 370 MMbbls (on SPE lands only) RF to Date = 27% Analogue Pools exhibit RF 40% 5 main subcrop edge fairways Depth 1150m TVD Extensive 3D seismic…
  7. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 7
    Queensdale Geology Three main criteria used to identify reservoir quality and net thickness of hydrocarbon column: 1) Log derived values (i.e. deep resistivity and porosity cutoffs) 2) Routine Analysis from core (i.e. porosity,…
  8. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 8
    Queensdale Geology Three new stratigraphic plays with unbooked reserve additions for 2015 Stratigraphic Model Watrous Shale Souris Valley Beds (Lodgepole Fm.) 8
  9. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 9
    SPARTAN DRILLING LOCATIONS CORE AREA FORMATION OOIP Current RF WI LOCATIONS (mmbbls) (%) (%) (Gross) (Net) GREATER QUEENSDALE Frobisher/Alida 370 27% 80% 295 235 GREATER WORDSWORTH AREA Frobisher/Alida 207 12% 79% 95 75 GREATER…
  10. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 10
    SE Sask Open Hole Well Rate of Return 300% 250% 200% Rate of Return 150% 100% 50% 0% 40 50 60 70 WTI(3) (US 35.76) (US 45.04) (US 54.72) (US 64.80) Realized Price Cdn/bbl Notes: (1) Constant pricing for…
  11. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 11
    Open Hole Type Well Economics Tier 1 Open Hole Frobisher Type Well (Crown) Realized Price(1) FX WTI (2) IP30 EUR NPV BT10 IRR (BT) Payout (Cdn/bbl) USD/CAD (US/bbl) (bbl/d) (mboes) (M) (%) (Years) 40.00 0.74 35.76 109 71 440.6 44.4…
  12. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 12
    Open Hole Type Well Economics Tier 2 Open Hole Frobisher Type Well (Crown) Realized Price(1) FX WTI (2) IP30 EUR NPV BT10 IRR (BT) Payout (Cdn/bbl) USD/CAD (US/bbl) (bbl/d) (mboes) (M) (%) (Years) 40.00 0.74 35.76 60 53 134.9 18.7…
  13. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 13
    Queensdale IP30 = 171 bbls/d IP30 = 223 bbls/d IP30 = 127 bbls/d IP30 = 294 bbls/d IP30 = 139 bbls/d IP30 = 258 bbls/d IP30 = 186 bbls/d IP30 = 178 bbls/d IP30 = 105 bbls/d IP30 = 313 bbls/d LEGEND SPE Lands IP30 =…
  14. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 14
    Greater Queensdale Well Performance 40 140 35 120 30 100 25 Oil Rate bbls/d Well Count 80 20 60 15 40 10 20 5 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Months on…
  15. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 15
    Greater Wordsworth Open Hole Frobisher-Alida Play Large Oil in Place = 207 MMbbls (on SPE lands only) RF to Date = 12% 4 main subcrop edge fairways Arcola Depth 1200m TVD Carlyle Extensive 3D seismic coverage Spartan: 3-22…
  16. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 16
    Greater Wordsworth Well Performance 180 12 160 10 140 120 8 Oil Rate bbls/d 100 6 80 60 4 40 2 20 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Months on Production Actual Average…
  17. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 17
    Greater Workman/Winmore Open Hole Frobisher (Sherwood & Stoughton Play) Workman Units 1 and 3: - Waterflood EOR optimization & expansion underway LEGEND SPE Lands Pool Outline Workman East 191/15-05-002-31W1 HZ MSSP Wells IP30 =…
  18. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 18
    East Workman & Winmore Open Hole Horizontal Frobisher - Stoughton Play 250 12 11 10 200 9 8 150 7 Oil Rate bbls/d Well Count 6 5 100 4 3 50 2 1 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Months on…
  19. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 19
    SE Saskatchewan Open Hole Mississippian (Midale, Frobisher/Alida, Tilston/Souris Valley) Light Oil 120 80 70 100 60 80 50 Oil Rate bbls/d Well Count 60 40 30 40 20 20 10 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14…
  20. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 20
    Pinto Frac Midale Play Spartan: 2-28 IP30: 65 bbls/d Large Oil in Place = 133 MMbbls Pinto North (on SPE lands only) RF to Date = 7% Depth 1500m TVD Extensive 3D seismic coverage Sufficient facilities in place Waterflood…
  21. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 21
    West Central Saskatchewan Frac Viking Play Large Oil in Place = 174 MMbbls (on SPE lands only) RF to Date = 3% Kerrobert Plenty Depth 600m TVD 84% average WI 230 (192 net) locations Whiteside Dodsland Lucky Hills…
  22. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 22
    2015 CAPITAL BUDGET In response to the recent downturn in commodity prices, Spartan has reduced our capital budget to continue to deliver annual production growth while protecting our strong financial position and preserving locations…
  23. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 23
    2016 CASH FLOW SENSITIVITIES 160 3.2 140 2.8 120 2.4 2016 EXIT DEBT TO CASH FLOW RATIO 2016 CASH FLOW (MM) 100 2.0 80 1.6 60 1.2 40 0.8 20 0.4 - 0.0 40 45 50 55 60 65 70 75 80 WTI (US) Cash Flow…
  24. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 24
    Management RICHARD (RICK) MCHARDY, B.Comm., LLB., - President & CEO 18+ years experience in M&A /securities matters and oil and gas President, CEO Spartan Oil Corp., President, CEO Spartan Exploration Ltd., President, Titan Exploration…
  25. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 25
    BOARD OF DIRECTORS BANKER Michael Stark National Bank Chairman Independent Businessman Don Archibald EVALUATION ENGINEERS Independent Businessman Sproule Associates Limited Reg Greenslade Independent Businessman REGISTRAR & TRANSFER…
  26. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 26
    Analyst Coverage AltaCorp Capital Inc. (Thomas Matthews) Clarus Securities Inc. (Daniel Choi) CIBC World Markets Inc. (Dave Popowich) Cormark Securities Inc. (Amir Arif) Desjardins Capital Markets (Kristopher Zack) Dundee…
  27. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 27
    Contact Information Head Office Suite 500, 850 2nd Street SW Calgary, Alberta T2P 0R8 Telephone: 403-355-8920 Facsimile: 403-355-2779 E-mail: infospartanenergy.ca www.spartanenergy.ca 27
  28. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 28
    APPENDIX SPARTAN ENERGY CORP. Corporate Presentation September 2015
  29. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 29
    Spartan Oil 269% ROI (18 months) Overview Price Event Chart Formed through the spin-out of certain Cardium assets and SE Saskatchewan assets from Spartan 6.00 June 1, 2011: Completion of Feb 21, 2012: Announcement of 15,000,000…
  30. September 2015 Corporate Presentation – Spartan Energy Corp. – slide 30
    Spartan Exploration 500% ROI (36 months) Overview Price Event Chart 4.50 2,700,000 Spartan Exploration was formed in Q1-2008 with a March 2008: 5.2MM non- April 1, 2011: Sold to Penn West for 228MM (6.00/share) brokered financing at…

From the store

Browse maps, data & reports in the Shale Experts store