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December 2015 Investor Presentation – Striker Exploration Corp

Striker Exploration Corp · Dec 15, 2015 · 31 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. December 2015 Investor Presentation – Striker Exploration Corp – slide 1
    ATTRACTIVE ECONOMICS EMERGING LIGHT OIL PLAY FINANCIAL STRENGTH Corporate Presentation December 2015 TSX-V : SKX SKX TSX-V
  2. December 2015 Investor Presentation – Striker Exploration Corp – slide 2
    About Striker SKX 2015 Guidance Deep Value Opportunity Forecast average full-year 2015 production: EV to 2015e funds flow: 2.3x(1) Light/medium oil (bbls/d) 1,525 Share price to 2015e funds flow: 1.7x(1) NGLs (bbls/d) 100 EV to…
  3. December 2015 Investor Presentation – Striker Exploration Corp – slide 3
    5 Year Vision - Sector Cycle Steady State Current State Growth& Expansion Contraction Strategic Priorities Expand Land Base Limit operations to de-risking Initiatives Expand Land Base Increase Operations Corporate/Core…
  4. December 2015 Investor Presentation – Striker Exploration Corp – slide 4
    5 Year Vision - Asset Development Partial Full Preliminary Initial Maintenance Development Development/ Exploration Development and Depletion and Delineation Secondary Recovery 2018+ further increase Optimal Asset drilling…
  5. December 2015 Investor Presentation – Striker Exploration Corp – slide 5
    Maintaining Financial Strength 2015E D/CF Universe Comparison Strip SKX at 0.6x(1) 2015E D/CF Peer Comparison Strip Credit Facility Utilization 20% Graph Notes: (1) Management estimate based on projected full year 2015 funds…
  6. December 2015 Investor Presentation – Striker Exploration Corp – slide 6
    Maintaining Financial Strength SKX has the best blend of value and low debt Source: Dundee Dec 2nd 2015. 5 SKX TSX-V
  7. December 2015 Investor Presentation – Striker Exploration Corp – slide 7
    KK LL K K LKL KD LK K L K K LLK LL K D LL KKLL F FL F K K F FF FF DK F F FF L L LJ L J F LL LLLKJ LF E 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…
  8. December 2015 Investor Presentation – Striker Exploration Corp – slide 8
    Emerging Belly River Offers Exciting Upside Horizontal Development of the maturing Viking West Central Saskatchewan Emergent Horizontal Development of the Belly River West Central Alberta Viking Belly River and Striker has the…
  9. December 2015 Investor Presentation – Striker Exploration Corp – slide 9
    Multiple Stacked Plays Expand the Opportunity The Belly River Formation is 250m thick, consisting of multiple, stacked oil producing channel sands overlying an oil producing Middle Belly River regional marine sand. Future exploratory…
  10. December 2015 Investor Presentation – Striker Exploration Corp – slide 10
    Belly River Oil Fairway - Years of Running Room Data from over 36,000 deeper vertical well drill-throughs (not 62 Belly River 92 Basal Belly River hwells illustrated) on this mapsheet Channel hwells 1.75MM/well provides de-risking…
  11. December 2015 Investor Presentation – Striker Exploration Corp – slide 11
    Assembling Our Ideal Belly River Land Position 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…
  12. December 2015 Investor Presentation – Striker Exploration Corp – slide 12
    We Did It. 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 for…
  13. December 2015 Investor Presentation – Striker Exploration Corp – slide 13
    Striker Belly River Horizontal Well Economics Based on 50 WTI pricing, on-stream 1.75 million per hzl well and Crown royalties Proved + IP90 Payout Probable Proved + Probable ROR Tier (boe/d) (months) Reserves (Mboe) NPV10 (M) (%) 1…
  14. December 2015 Investor Presentation – Striker Exploration Corp – slide 14
    Improving Belly River Well Results Historical Basal Belly River Horizontal Well Production Encouraging initial production Striker 02/03-29-42-04W5 Channel (12 days of production) data which validates Wilson Creek geological model…
  15. December 2015 Investor Presentation – Striker Exploration Corp – slide 15
    Striker Key Focus - Wilson Creek Belly River 02/01-04 Basal Belly River (24%w.i.) 157 bopd + 159 mcf/d (184 boepd) One Development Channel well first 29 days to be completed early-January 00/03-29 Belly River Channel (76%w.i.)…
  16. December 2015 Investor Presentation – Striker Exploration Corp – slide 16
    Expanding Location Count With Higher Density Striker takes a conservative and realistic approach when quantifying its location inventory HORIZONTAL LOCATIONS (per section) Early Intermediate-stage Current Future Spacing Delineation…
  17. December 2015 Investor Presentation – Striker Exploration Corp – slide 17
    De-risking Play & Generating Returns at 45 Oil Existing Vertical Well Re-Entry Opportunities: Striker operates 125+ vertical wells at Wilson Creek that produce from or have penetrated various Belly River Channels and the Basal Belly…
  18. December 2015 Investor Presentation – Striker Exploration Corp – slide 18
    Strong Foundation Supports Value Creation D/CF at 0.6 with only 20% of 40MM credit Strong balance sheet capacity utilized Four acquisitions completed in 2015 to assemble Opportunistic acquisitions 155 net sections of Belly River…
  19. December 2015 Investor Presentation – Striker Exploration Corp – slide 19
    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,…
  20. December 2015 Investor Presentation – Striker Exploration Corp – slide 20
    APPENDICES TSX-V : SKX SKX TSX-V
  21. December 2015 Investor Presentation – Striker Exploration Corp – slide 21
    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…
  22. December 2015 Investor Presentation – Striker Exploration Corp – slide 22
    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…
  23. December 2015 Investor Presentation – Striker Exploration Corp – slide 23
    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)…
  24. December 2015 Investor Presentation – Striker Exploration Corp – slide 24
    Striker Profile 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 (0.75 per share at December 8, 2015) 24 MM 33% Net debt current 8…
  25. December 2015 Investor Presentation – Striker Exploration Corp – slide 25
    December 2015 Capitalization Table Subscribed or CAPITAL STRUCTURE Shares Strike Price Dollars Shares outstanding pre-recap 956,948 4.19 4,005,236 Issued in June 2014 re-cap 12,500,000 2.00 25,000,000 Issued in August 2014 rights…
  26. December 2015 Investor Presentation – Striker Exploration Corp – slide 26
    Thorsby Basal Belly River Project Focus on Basal Belly River development & delineation upside with abundant running room Production(1) 89 boepd (66% light oil) Wells 2 producing horizontals Land 15.5 gross (15.5 net) sections…
  27. December 2015 Investor Presentation – Striker Exploration Corp – slide 27
    V Brazeau Belly River Project R9W5 E U V C UF A E V E L G E K E G A One high-impact Belly River Hzl with V 9 10 11 follow-up development and U J J J G FAU delineation potential F A L G L V E G A UV…
  28. December 2015 Investor Presentation – Striker Exploration Corp – slide 28
    Chigwell Belly River Project R27 R26 R25W4 G S G D F G C G C G G L K L D L 12 7 8 9 10 11 12 7 8 9 10 11 D F G G T43 S G J J One high-impact Belly River Hzl with T43 E G F 1 6 5 02/15-28-42-26W4 4 3 2 E 1 G J J…
  29. December 2015 Investor Presentation – Striker Exploration Corp – slide 29
    VVVV Drayton Valley Cardium Oil R7W5 EE UU EE EE S F EE F A EE M I I S EE S EE EE EE EE E E Nine top-tier horizontal wells with J J EE S I I I I VVVV VV E L G low-risk downspacing potential J EE VVVV EE J…
  30. December 2015 Investor Presentation – Striker Exploration Corp – slide 30
    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 F K C V VV U G Well-delineated oil pool with numerous E A E G I G development infill…
  31. December 2015 Investor Presentation – Striker Exploration Corp – slide 31
    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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