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December 2015 Corporate Presentation – Mosaic Company

Mosaic Company · Dec 30, 2015 · 24 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 Presentation – Mosaic Company – slide 1
    Corporate Presentation December, 2015
  2. December 2015 Corporate Presentation – Mosaic Company – slide 2
    NON-GAAP Financial Measures This Corporate Presentation presents certain non-GAAP (GAAP refers to Canadian Generally Accepted Accounting Principles) financial measures to assist readers in understanding the Corporations performance.…
  3. December 2015 Corporate Presentation – Mosaic Company – slide 3
    Corporate Strategy Establish funding capability to effectively capture economic value from its Middle Montney, Wilrich, & Dunvegan assets (Full Development Plan) First stage of funding underway, anticipated close in late 2015 Pursue…
  4. December 2015 Corporate Presentation – Mosaic Company – slide 4
    Summary of Key Assets Kakwa Core Montney Asset, Primary Growth Engine Over 10,000 boe/d in Oct prior to Pembina Resthaven plant turnaround (33% liquids) Stacked development horizons with drilling results confirming top tier…
  5. December 2015 Corporate Presentation – Mosaic Company – slide 5
    Current Corporate Highlights Substantial proven development of condensate-rich Montney in the highly prolific Kakwa area Key offset operators include Seven Generations Energy Ltd. (7G), Paramount Resources Ltd. (POU), and ExxonMobil…
  6. December 2015 Corporate Presentation – Mosaic Company – slide 6
    Mosaic Energy Ltd. Reserves Growth Driven By Kakwa Area Reserves Composition 3% 34% (60% Pentanes) 63% Natural Gas NGLs Oil July 1, 2015 Report (Sproule) Kakwa/Resthaven Area F&Ds Reserves FDC (2) & Re-cycle Ratio…
  7. December 2015 Corporate Presentation – Mosaic Company – slide 7
    Moving Towards Kakwa Full Development Mosaic is positioned to realize full development plan production and cash flow ramp-up by April 2018 Near term funding represents final equity injection facilitating full development and long term…
  8. December 2015 Corporate Presentation – Mosaic Company – slide 8
    Additional Growth Potential Drilling Inventory Mosaic Cumulative Booked+Unbooked Horizontal Locations Total Potential Total Net Total Potential Recoverable Potential Future Capital % Liquids Resource 0 100 200 300 400 500 600…
  9. December 2015 Corporate Presentation – Mosaic Company – slide 9
    Kakwa Stacked Horizontal Development Mosaic holds 95,000 gross acres within the highly prospective Kakwa area of Alberta 100% operated Dunvegan: 72,300 gross acres (80% WI) Wilrich: 57,600 gross acres (83% WI) Montney: 28,800…
  10. December 2015 Corporate Presentation – Mosaic Company – slide 10
    Prime Acreage in Proven Kakwa Montney Fairway Mosaics Montney land is located in the prolific, liquids rich Kakwa/Resthaven fairway Mosaic lands de-risked through 8 Mosaic HZ wells (2 awaiting completion) and numerous offset…
  11. December 2015 Corporate Presentation – Mosaic Company – slide 11
    Montney Economics Enhanced by High Liquids Prolific deliverability and significant free IRR Sensitivity to WTI Oil Price 2.50 & 3.50/MMBTU AECO(1) liquids driving top tier returns 120 High condensate yields deliver robust returns,…
  12. December 2015 Corporate Presentation – Mosaic Company – slide 12
    Kakwa Montney First Development Layer Booked, Significant Un-booked Potential Remains Mosaic has booked 25% of the estimated ultimate number of Montney Reserves Locations locations within the Montney Single Layer of Middle Montney…
  13. December 2015 Corporate Presentation – Mosaic Company – slide 13
    Offset Wilrich Results Have Demonstrated Play Potential Wilrich play has been proven through vertical well control and three Mosaic horizontals that each tested 18 mmcf/d High deliverability gas provides compelling stand-alone…
  14. December 2015 Corporate Presentation – Mosaic Company – slide 14
    Wilrich Single Wells Economics Prolific gas deliverability and high EURs offer IRR Sensitivity to AECO Gas Price(1)(2) compelling returns at current prices and 100 10 significant torque to higher gas prices 80 8 NPV 10 (MM)…
  15. December 2015 Corporate Presentation – Mosaic Company – slide 15
    Dunvegan Development Potential G F F D C H G C D R4 F A R3 R2W6 K E F K E H F E Dunvegan light oil play defined C F by 20 area vertical wells and I G F C K proven by four Mosaic G G I HG horizontals (1 mile…
  16. December 2015 Corporate Presentation – Mosaic Company – slide 16
    Dunvegan Single Well Economics Oil weighted, high GOR production delivers IRR Sensitivity to WTI Oil Price 2.50 & 3.50/MMBTU AECO(1) robust returns 80 3.5 AECO 2.5 AECO High heat content associated gas contributes to 70 3.5 AECO…
  17. December 2015 Corporate Presentation – Mosaic Company – slide 17
    Facility & Marketing Arrangements Are In Place Infrastructure and egress critical to executing business plan Mosaic 50 mmcfd plant is up and running, we have secured capacity and access over the near and medium term to align…
  18. December 2015 Corporate Presentation – Mosaic Company – slide 18
    Summary Assets in the heart one of highest value areas in the Kakwa development fairway Substantial resource established with the bulk of the currently planned activity related to PDP conversion Quality plays that generate…
  19. December 2015 Corporate Presentation – Mosaic Company – slide 19
    Appendix Supplementary Materials Mosaic Energy Ltd. 21
  20. December 2015 Corporate Presentation – Mosaic Company – slide 20
    Kakwa Lower Montney Asset Potential F K DK R5 R4 R3W6H Paramount 7G Mosaic H G G H G I H K A G K G A A T65 FG H H C D D H T65 F L F A D I G G I F K C G 13-18-065-05W6 13-28-064-05W6…
  21. December 2015 Corporate Presentation – Mosaic Company – slide 21
    Dunvegan Hz Well Results 02/16-28-061-03W6 BOE Production vs Type Curve 13-34-061-03W6 BOE Production vs Type Curve 800 800 22 x 42T Hybrid Slickwater 22 x 42T Hybrid Slickwater 700 1566m Lateral 700 1540m Lateral 53% Liquids, CTD =…
  22. December 2015 Corporate Presentation – Mosaic Company – slide 22
    Type Curve Details & Single Well Economics Montney Wilrich Dunvegan 1.5 Mile Lateral - Wellsite Condy Yield CGR (bbl/MMcf) = 30 61 154 1 mile 1.5 mile 2.0 mile DCE CAPEX (MM) 10.4 10.4 10.4 8.4 6.2 7.2 8.2 Oil (Mbbl) - - - - 179…
  23. December 2015 Corporate Presentation – Mosaic Company – slide 23
    Hedging Summary Product Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2017 Average Oil Volume Hedged (bpd) 1,400 2,000 2,000 2,000 2,000 1,000 Average Price (WTI Cdn.) 88.03 73.85 73.85 73.85 73.85 76.50 Average Gas Volume Hedged…
  24. December 2015 Corporate Presentation – Mosaic Company – slide 24
    Pricing Summary Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Sproule Price Deck WTI (US /bbl) 70.00 70.00 70.00 70.00 75.00 75.00 75.00 75.00 80.00 80.00 80.00 80.00 Henry Hub (US…

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