Eagle Energy Trust VISION GROWTH INCOME Investor Presentation November 2013
Overview Eagle Energy Trust provides investors with a publicly traded, reliable distribution paying investment, with favourable tax treatment relative to taxable Canadian corporations. Eagle pays out a portion of its available cash…
Mission Statement VISION To create wealth for our investors by combining innovation, expertise and opportunity. GROWTH Our targeted lower payout ratio allows us to sustain moderate growth as well as distribute income. INCOME To…
Strategy To acquire and optimize US based petroleum assets which have been adequately de-risked and have attractive metrics for sustaining our distributions and delivering moderate growth. Investor Presentation November 2013 5
Corporate Overview Current Working Interest Production: 3,300 boe/d (including Hardeman) Production Guidance full year 2013 2,900 - 3,100 boe/d (average) Production Split: 93% light oil and NGLs Credit Facility: US 90 million Annual…
Market Data Ticker Symbol: EGL.UN Units Outstanding (basic): 31.9 million 52 Week Range: 6.28 - 9.05 Recent price (Nov 25/13 close): 7.40 Average daily trading volume (30 day): 85,560 units 30 day VWAP: 8.18 Market Cap (Nov 25/13): 236.0…
Hardeman Acquisition On November 25, 2013, Eagle closed the acquisition of producing oil properties located in Hardeman County, Texas for a purchase price of approximately US 26.3 million. The acquisition was entirely funded by bank…
Q3 2013 Highlights Q3 2013 average working interest sales volumes of 3,052 boe/d, consistent with Q2 2013 and 22% higher than YTD 2012 levels. Lowered full year 2013 operating cost guidance to 12.00 per boe (previously 12.00 to 14.00…
Q3 2013 Highlights Q3 2013 top-quartile third quarter field netbacks of 56.79/boe. Realized oil prices were at a premium to benchmark WTI. Field marketing contracts negotiated by Eagle contributed to top quartile per boe field…
2012 Reserves A 188% increase year-over-year in total proved reserves. A 107% increase year-over-year in proved developed producing reserves. A US 46.4 million increase year-over-year in PV10 value of proved developed producing…
2013 Guidance (excluding Hardeman acquisition) Eagle has updated our 2013 full year capital guidance to US 29.2 million (previously US 26 million) due to the following: additional investment during drilling activities for extended…
2013 Guidance and Capital Budget (contd) Eagles updated guidance with respect to its capital budget, production, operating costs and funds flow from operations is as follows: Updated Previous 2013 Guidance 2013 Guidance Notes…
2013 Guidance and Sustainability Benchmarks (contd) Updated Previous 2013 Guidance 2013 Guidance Notes Payout Ratios (as a percentage of funds flow) Basic Payout Ratio (i.e., assuming annualized Distribution at 1.05/unit) 72% 71% (1)…
2013 Sensitivities Sensitivity of Funds flow ( millions) to Commodity Price and Production (2013 Oct-Dec) Average WTI 90.00 100.00 110.00 2,900 42.2 42.9 43.5 2013 Average WI Production (boe/d) 3,000 44.2 45.0 45.4 3,100 46.1 46.7…
Top Quartile Field Netbacks Field Netback1,2 70 60 56.79 50 40 /boe 30 20 10 0 Argent Bonterra Parallel Vermilion Eagle Whitecap Renegade Enerplus Trilogy Crescent Point Twin Butte…
Highlights Solid metrics: 82% light oil. Premium netbacks. Competitive operating costs. Excellent balance sheet prudent use of debt. Experienced management team and Board. Demonstrated ongoing organic growth. Predictable…
Peer Comparision Total Pre-Tax EV / Daily Production Entity Value / Reserve Market Entity Debt / Yield DACF Volume % Gas 2013E Daily P+P Life Index Price Cap Value 2013E CF Current 2013E 2013E 2013E Production Reserves P+P 11/19/2013…
Management Richard Clark, B.A. (Econ), LLB, Director, President and Chief Executive Officer Nineteen years in the legal profession as a founding partner at a boutique oil and gas law firm, then ten years at a Canadian national law…
Management Continued.. Robert Cunningham, Vice President, Business Development (Houston) Over twenty-five years experience in the oil and gas industry involving business development, finance, energy banking and risk management. James…
Board of Directors David Fitzpatrick, P.Eng., Chairman Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer of Shiningbank Warren Steckley, P.Eng., Chair of Reserves…
Eagles Areas of Activity Hardeman Properties Investor Presentation November 2013 26
Eagles Areas of Activity Caldwell County - Luling, Texas Investor Presentation November 2013 27
Eagles Areas of Activity Caldwell County - Luling, Texas Investor Presentation November 2013 28
Eagles Areas of Activity Caldwell County - Luling, Texas Investor Presentation November 2013 29
Eagles Areas of Operation Martin County - Midland, Texas Investor Presentation November 2013 30
CONTACT: Richard W. Clark, CEO Tel: (403) 531-1575 Kelly Tomyn, CFO Tel: (403) 531-1574 Eagle Energy Inc. Eagle Hydrocarbons LLC 2710, 500 4th Avenue SW 3005, 333 Clay Street Calgary, AB T2P 2V6 Houston, TX 77002…
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