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December 2015 Corporate Presenation – Triangle Petroleum Corp

Triangle Petroleum Corp · Dec 20, 2015 · 22 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 Corporate Presenation – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION December 2015
  2. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 2
    BUSINESS OVERVIEW
  3. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 3
    TRIANGLE PETROLEUM CORPORATION OVERVIEW BUSINESS OVERVIEW TPC wholly owned E&P subsidiary Independent E&P company operating in the Williston Basin Q3FY16 production of 13,685 Boepd; FY16 production guidance of 13,20013,600 Boepd…
  4. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 4
    BUSINESS OVERVIEW KEY INVESTMENT HIGHLIGHTS: MANAGING THROUGH THE DOWNTURN CONSISTENT FOCUS ON Completion design evolution continues to improve well performance IMPROVING Evaluating further adjustments to well designs in an effort…
  5. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 5
    SIGNIFICANT OPERATED PRODUCTION AND RESERVES GROWTH BUSINESS OVERVIEW NET SOLD PRODUCTION VOLUMES (BOEPD) 16,000 FY2016 Avg. Daily Production Guidance 14,747 13,200 13,600 Boepd (1) 13,775 13,500 13,685 13,600 14,000 Net Sales…
  6. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 6
    OPERATIONAL OVERVIEW
  7. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 7
    TRIANGLE USA CORE AREA MCKENZIE AND WILLIAMS COUNTIES OPERATIONAL OVERVIEW RECENT DEVELOPMENTS CURRENT TRIANGLE LEASEHOLD AND ACTIVITY 135 gross operated horizontal wells currently producing and 18 gross (15.8 net) wells waiting…
  8. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 8
    OPERATIONAL OVERVIEW DRILLING AND PRODUCTION PROFILE FY2016 MIDDLE BAKKEN WELL PERFORMANCE TUSA OPERATED WELLS COMPLETED (GROSS VS. NET) 160 FY16 Operated Middle Bakken Completion(1) 18 17.0 120 FY16 Operated Target Middle Bakken…
  9. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 9
    OPERATIONAL OVERVIEW ROCKPILE ENERGY SERVICES RockPile Energy Services, LLC is focused on providing Best in Class pressure pumping and ancillary services in the Williston Basin LEVERAGING REPUTATION & MAINTAINING FOCUS GROSS WELLS…
  10. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 10
    OPERATIONAL OVERVIEW WILLISTON BASIN COMPLETION SERVICES MARKET UPDATE NORTH DAKOTA AVERAGE MONTHLY RIG COUNT (1) COMPLETION SERVICES MARKET CHARACTERISTICS 250 The North Dakota rig count is down 70% in 13 months 200 since the…
  11. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 11
    OPERATIONAL OVERVIEW CALIBER MIDSTREAM Caliber Midstream Partners, LP is focused on providing gathering, transportation and processing in the Williston Basin Triangle has a 28% ownership stake, but can still earn up to 50% subject to…
  12. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 12
    FINANCIAL OVERVIEW
  13. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 13
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION LIQUIDITY (MM) Share Price (as of December 17, 2015) 0.61 Total Cash 36 90day % Change 72.0% TUSA Credit Facility Availability 161 Basic Shares Outstanding (mm)(1) 75.7 RPES Credit…
  14. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 14
    TRIANGLE PETROLEUM CORPORATION DEBT STRUCTURE OVERVIEW FINANCIAL OVERVIEW 141.0mm 5% Convertible Note (includes 21.0mm of accrued interest) Converts into TPLM common stock at 8.00/sh Interest paidinkind No financial covenants…
  15. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW STANDALONE CAPITAL BUDGET FOR FY2016 (ENDING JANUARY 31, 2016) BUDGET DETAIL (1) Capital Expenses FY2016 Proposed Budget (mm) E&P Operated Drilling Program 150165 E&P NonOperated Drilling Program 010 RockPile…
  16. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW ADDITIONAL BUSINESS SEGMENT GUIDANCE Guidance details are subject to change based on the dynamic nature of the commodity price environment TUSASPECIFIC FY2016 ITEMS(1): ROCKPILESPECIFIC FY2016(1) ITEMS:…
  17. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 17
    FINANCIAL OVERVIEW RISK MANAGEMENT KEY HIGHLIGHTS HEDGE POSITION (BOPD) Marktomarket value of hedge book was 3,000 8mm as of October 31st, 2015 FY17 Swaps FY16 Swaps 56/Bbl Hedging program consists of zero cost collars…
  18. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 18
    APPENDIX a) TUSA FY2016 EUR Bridge b) Historical Financials c) Reconciliations and Segment Information
  19. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 19
    OPERATIONAL OVERVIEW TUSA FY2015 PUD EUR TO FY2016 DEVELOPMENT PROGRAM TARGET MIDDLE BAKKEN EUR BRIDGE 650 630 40 600 590 25 Uplift for Targeted 565 FY2016 Development 550 15 Program 550 Uplift for Current 536 14…
  20. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 20
    APPENDIX Q3FY16 CONSOLIDATED INCOME STATEMENT Quarter Ended October 31, 2014 2015 Revenues Oil, natural gas and natural gas liquids sales 80,139 42,871 (a) Oilfield services 94,057 22,273 Total revenues 174,196 65,144 Expenses…
  21. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 21
    APPENDIX CONSOLIDATED ADJUSTED NET INCOME RECONCILIATION Quarter Ended October 31, 2014 2015 Net Income (Loss) Attributable to Common Stockholders 25,398 (286,999) Impairment of oil and natural gas properties - 261,000 Unrealized…
  22. December 2015 Corporate Presenation – Triangle Petroleum Corp – slide 22
    APPENDIX Q3FY16 INTERSEGMENT TABLE Exploration and Oilfield Corporate Eliminations Consolidated (a) Production Services and Other and Other Total Revenues Oil, natural gas and natural gas liquids sales 42,871 - - - 42,871…

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