Enjoying The Ride 19th Annual Energy Conference September 16, 2015
Westbrick Energy Ltd. Introduction Westbrick is a private company founded in 2011. The Company is owned by KKR (78%), the BOD and management Raised 263 MM of equity since inception through four financings Business plan is to use…
Westbrick Snapshot Current Production 14,000 BOEPD Capable of greater than 18,000 BOEPD 2015 effective decline rate 0% Pembina Deep Basin Land Position Total land 551 sections (Avg. W.I. 77%) Most rights from base Cardium to base…
Performance Track Record Annual Production Yearend Reserves CAGR: 55% CAGR: 179% Annual Cashflow Capex and Costs 5
Substantial Land Base 551 Sections Westbrick Evaluation Process 1. Identify done Four Major Play Areas each with growth potential over 5000 BOEPD Detailed mapping Play scoping and economics 2. Capture done Need sufficient land to…
Key Play Mannville Gas (Falher, Spirit River, Wilrich) Fig 1 Spirit River focus Areas One of the major Canadian gas plays Industry reducing costs of development and improving performance Westbrick controls initial flow rate to…
Key Play Rock Creek Light Oil Resource Westbrick uses a Rock Creek base model rather than a type curve. Too early in the play to establish a type curve. Last 4 Rock Creek wells are exceeding the base production profile. Reservoir…
What is Westbrick Doing in 2015 It is always the same the lowest cost supply will win The Plan Retain capital allocation flexibility Following 2015 Production Plan Stay on top of the service cost reductions 16000 8.00 History Buy…
2015 Capital Expenditures 2015 forecasted capital expenditures 141 million (actual to August 2015 110 million) DRILL 27.3 19% LAND 69.8 50% Mannville Gas Play 78MM (55%) COMPLETE 21.0 15% Rock Creek Oil Play 63MM (45%)…
2015 Financial Details 1st Half Actuals and Forecast (000's except as noted) Forecasted H1 2015 Year Ended Run the business like a public company Actual 31Dec15 Revenue Oil 4,236 14,717 Production Natural gas 31,642 64,579 Try to…
Top Cdn. Public Gas Company Comparatives Q2 2015 STATS Company Share Price Net Debt EV Production Gas Weight Op. Netback* Cash Flow Net Debt/CF Sep 9th Close (MM) (MM) (Boe/d) (%) (/Boe) (/Share) (X) Advantage 6.99 277 1,471 22,326…
Capital Efficiency A Key to Our Success Westbrick is in the top decile among the Public Junior and Intermediate Producers Rapid growth through drilling, owning and operating key gathering systems and utilization of large legacy gas…
Westbrick is ready for the next step 1. Strong capital efficiency history Proven resource and execution program Low supply cost resource relative to basin and North America 2. Very focused and operated land base Captured 2 high…
Corporate Information Westbrick Energy Ltd. Suite 2500 255 5th Ave SW Calgary Alberta T2P 3G6 Contacts Corporate Information Bankers National Bank of Canada, TD & HSBC Ken McCagherty President & CEO (587) 293 4660 Evaluation…
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