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January 2016 Corporate Presentation – Crew Energy Inc.

Crew Energy Inc. · Jan 15, 2016 · 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. January 2016 Corporate Presentation – Crew Energy Inc. – slide 1
    CORPORATE PRESENTATION January, 2016 SHARPENING OUR FOCUS TSX: CR
  2. January 2016 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) 3.29 - 6.48 Montney Oil / Liquids rich Fort St. John Average daily…
  3. January 2016 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. January 2016 Corporate Presentation – Crew Energy Inc. – slide 4
    2016 CAPITAL BUDGET PRIORITIES Taking A Balanced Approach to Value Creation in the Montney 74MM capital budget for 2016 Budget structured to maintain balance sheet strength with capex approximating cash flow Focus on liquids-rich…
  5. January 2016 Corporate Presentation – Crew Energy Inc. – slide 5
    World-Class Montney Resource 6
  6. January 2016 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. January 2016 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. January 2016 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. January 2016 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. January 2016 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. January 2016 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. January 2016 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. January 2016 Corporate Presentation – Crew Energy Inc. – slide 13
    SEPTIMUS: EXCELLENT RETURNS & IMPROVING RECOVERIES 5.0 bcf EUR(1) per well 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. January 2016 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. January 2016 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. January 2016 Corporate Presentation – Crew Energy Inc. – slide 16
    Next Steps 17
  17. January 2016 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 Over-pressured area with…
  18. January 2016 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. January 2016 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. January 2016 Corporate Presentation – Crew Energy Inc. – slide 20
    AHEAD OF THE CURVE 23% Growth Massive Resource Production per share YoY 110 Tcfe TPIIP Strong Balance Sheet 34% drawn on 250MM facility Commodity Optionality Oil/Condensate/Gas Access to Infrastructure Existing and…
  21. January 2016 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. January 2016 Corporate Presentation – Crew Energy Inc. – slide 22
    APPENDIX 23
  23. January 2016 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. January 2016 Corporate Presentation – Crew Energy Inc. – slide 24
    2016 CAPITAL PROGRAM AND BUDGET 2016 Cash Flow (CF) (mm) 72 CF/diluted share 0.50 Hedging Summary as of January 4, 2016 Capex net of A & D (mm) 74 Volume Period Derivative Reference Price Year-end bank debt (mm) 237 Natural Gas…
  25. January 2016 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. January 2016 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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