EXPERTISE QUALITY INCOME TSX: EGL EAGLE ENERGY INC. Investor Presentation February 2016
Strategy Eagle is created to provide investors with a sustainable business while delivering stable production and overall growth through accretive investments and acquisitions. Expertise Eagles trusted management team brings an…
Acquisition of Maple Leaf(1) On January 27, 2016, Eagle acquired Maple Leaf Royalties Corp. (Maple Leaf) by way of a plan of arrangement (the Arrangement) and converted into a corporation called Eagle Energy Inc. Acquisition…
Conversion into a Corporation(1) Conversion Highlights: Conversion into corporation called Eagle Energy Inc., with the same Board of Directors and management. Expanded shareholder base with existing Eagle shareholders holding…
Corporate Profile(1) Current Estimated Production(1) 3,850 boe/d 2016 Full Year Production Guidance(2) 3,400 to 3,800 boe/d Production Split 88% oil, 2% NGLs, 10% gas 2016 Ending Debt to Trailing Cashflow 3.1x(3) 2016 Corporate…
Market Data Ticker TSX: EGL Shares Outstanding (basic) 42.5 million 52 Week Range 0.65 - 3.40 Recent price 0.78(1) Average daily trading volume (30 day) 128,656 shares Market Cap 33 million Directors & Officers Ownership 2.8%…
2016 Guidance and Budget Highlights A Continued Focus on Sustainability and Financial Liquidity in Light of Ongoing Commodity Price Uncertainty A 37% year-over-year decrease in the 2016 capital budget to 10.2 million (US 7.0 million…
2016 Guidance & Budget Summary 2016 Guidance Capital Budget(1) 10.2 MM Working Interest Production(2) 3,400 to 3,800 boe/d Operating Costs per Month 2.2 to 2.6 MM Funds Flow from Operations(3) 20.2 MM Debt to Trailing Cash…
2016 Guidance & Capital Budget Eagles drilling program is expected to exceed a 30% rate of return at US 45.00 WTI flat oil pricing. 2016 capital budget of 10.2 million: Texas and Oklahoma (US 7.0 MM) Salt Flat Property 3 (3.0 net)…
2016 Guidance & Sustainability Benchmarks 2016 Guidance Notes Basic Payout Ratio 37% (1) Plus: Capital Expenditures 51% Equals: Corporate Payout Ratio 88% (2) Debt to Trailing Cash Flow 3.1x Notes: (1) Eagle calculates…
2016 Sensitivities 2016 Average WTI (Production = 3,600 boe/d) US 45 (F/X 1.38) US 50 (F/X 1.33) US 55 (F/X 1.28) Cash Flow 18.6 20.2 21.1 Corporate Payout Ratio 97% 88% 82% Leverage 3.5x 3.1x 2.9x 2016 Average Production…
Exercising Fiscal Prudence and Discipline in a Low Commodity Price Market We intend to continue to monitor and realign our business to operate near or within our cash flow. Sustainable Strong Stable Capital Dividends with…
Our Properties Eagle owns stable, oil producing properties with development and exploitation potential located in Canada (Alberta) and in the US (Texas and Oklahoma). Twining Field Properties, AB: Located in the Pekisko oil pool…
CDN Properties Twining Field (Alberta) Pekisko Type Log Lower MNVL Upper Pekisko Middle Pekisko Layer 1 Layer 2 Lower Pekisko Layer 2B Layer 2C Layer 3 Approx. 70 km from Layer 4 Three Hills, AB Banff…
CDN Properties Twining Field (Alberta) Interests in the largest Pekisko oil pool in the WCSB Significant upside potential 10 horizontal wells drilled to date with over 30 additional drilling locations Waterflood in certain areas of…
CDN Properties Dixonville (Alberta) 50 km from Peace River 50% non-operated working interest in a horizontal oil waterflood in the Montney C Formation operated by Spyglass Resources Corp. Primary development started in 2004 with…
CDN Properties Dixonville (Alberta) A premier waterflood in Western Canada Low decline property Low abandonment liabilities due to long life asset Long-term potential Decline rate below 10% Reserve life index Total Proved - 15…
US Properties Salt Flat (Texas) Light oil producing o 35 API oil from the Edwards limestone formation, located in the Salt Flat field in Caldwell County, South Central Texas Acquired an 80% working interest in 2010 Low cost…
US Properties Hardeman (Texas & Oklahoma) Light oil producing o 45 API oil from the Chappel and Atoka Conglomerate formations located in Hardeman County, Texas and Greer, Harmon and Jackson Counties, Oklahoma 79,000 gross acres…
2014 Year-End Reserves(1) Excellent year over year reserve performance Total proved plus probable reserves of approximately 16 million boe (71% proved, 61% proved producing) PV10 value on total proved reserves of approximately 216…
2014 Year-End Reserves Highlights +88% Strong increase in proved developed producing (PDP) reserves +29% Increase in net present value of PDP reserves (discounted at 10%) +4% Increase in total proved reserves volumes 145%…
Hedging Program Eagle has 990 barrels of oil per day (bbl/d) hedged in Q4 2015 at an average price of US 74.98/bbl Eagles hedging program in 2016 is well above its peers(1) 35% of production hedged (based on mid-point production…
Management Experience Eagles management team has an average of 25 years of experience Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Eagle - President & Richard Clark Corporate Finance Law…
Value Proposition Why Invest in Eagle Strong balance sheet Stable production base Capital discipline Experienced management team Sustainable monthly income 25
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Management Richard Clark, B.A. (Econ), LLB, Director, President and Chief Executive Officer 19 years in the legal profession as a founding partner at a boutique oil and gas law firm, then 10 years at a Canadian national law firm,…
Management Continued Scott Lovett, M.Sc., MBA, P.Eng, Vice President, Corporate & Business Development Over 18 years experience in the oil and gas industry, including reservoir evaluations, acquisitions and divestments, business…
Board of Directors David Fitzpatrick, P.Eng., Chairman President and Chief Executive Officer, Veresen Midstream Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer…
Production History Current working interest production of 3,850 boe/d(3) 2016 production guidance is 3,400 to 3,800 boe/d (including 161 boe/d of non-operated working interest production, but excluding 235 boe/d of royalty interest…
Contact Kelly Tomyn, Chief Financial Officer Tel: (403) 531-1574 Eric McFadden, Vice President, Capital Markets & Business Development Tel: (587) 233-1799 Richard W. Clark, President and Chief Executive Officer Tel: (403)…
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