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February 2016 Corporate Presentation – Granite Oil Corp

Granite Oil Corp · Feb 22, 2016 · 27 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. February 2016 Corporate Presentation – Granite Oil Corp – slide 1
  2. February 2016 Corporate Presentation – Granite Oil Corp – slide 2
    Granite: Organic Growth + Sustainable Dividend Optimize Return Established gas injection EOR scheme driving higher recoveries and mitigating declines Low-decline, conventional oil pool 100% land and infrastructure control on…
  3. February 2016 Corporate Presentation – Granite Oil Corp – slide 3
    Market Facts TSX Symbol GXO OTCQX GXOCF Common Shares Outstanding Basic (MM) 30.4 Fully Diluted (MM) 31.5 Insider Holdings Basic (%) 25 Fully Diluted (%) 26 Financial Highlights Market Capitalization (MM) *As at closing…
  4. February 2016 Corporate Presentation – Granite Oil Corp – slide 4
    The Asset G R A N I T E O I L C O R P. T S X : G X O 5
  5. February 2016 Corporate Presentation – Granite Oil Corp – slide 5
    Granite Asset Alberta Bakken 450,000 Net Acreage 100% Owned Facilities 80 Section Oil Pool 162 Drilling Locations G R A N I T E O I L C O R P. 6
  6. February 2016 Corporate Presentation – Granite Oil Corp – slide 6
    Bakken Pool Development and Drilling Inventory PHASE 1 EOR 8 Wells / Section PHASE 2 EOR PHASE 3 EOR 40 Wells 8 Wells / Section 8 Wells / Section 16 Wells 32 Wells WEST BAKKEN DEVELOPMENT 4 Wells / Section 66 Wells G…
  7. February 2016 Corporate Presentation – Granite Oil Corp – slide 7
    Gas Injection Enhanced Oil Recovery G R A N I T E O I L C O R P. T S X : G X O 8
  8. February 2016 Corporate Presentation – Granite Oil Corp – slide 8
    Maximizing Recovery and Capital Efficiency Proven results from gas injection EOR scheme: Observed improvement in production decline profile in new and existing wells Produced gas is re-injected into the reservoir to manage voidage…
  9. February 2016 Corporate Presentation – Granite Oil Corp – slide 9
    Injection on Structural Highs ALBERTA BAKKEN TOP STRUCTURE Planned -1250 m 2016 Infill Gas Depth Injectors AER INJECTION APPROVAL AREA -1300 m Gas Injection on Structural Highs Supports Pressure Drive for Deeper…
  10. February 2016 Corporate Presentation – Granite Oil Corp – slide 10
    The Process Dry Make-up Gas C5+ Hydrocarbons to Compressor Sales Gas Plant Dry Gas to Compressor Compressed Gas Separator Re-injected Produced Oil + Gas Oil to Sales EOR Basics Injected gas in the top of the reservoir…
  11. February 2016 Corporate Presentation – Granite Oil Corp – slide 11
    Oil Production Gas Injection Optimizing Drilling 10 m Gas Injected into the Top of the Reservoir Increases Pressure and Oil Mobility Limestone Cap Deeper Infill Production Wells Optimize Reservoir Drainage G…
  12. February 2016 Corporate Presentation – Granite Oil Corp – slide 12
    Results EOR-Optimized Wells 2015 EOR-OPTIMIZED WELLS VS. TYPE CURVE 600.00 500.00 400.00 Oil Production (BBL/D) 300.00 200.00 100.00 0.00 0 30 60 90 120 150 180 210 240 270 300 330 360 390 Days on…
  13. February 2016 Corporate Presentation – Granite Oil Corp – slide 13
    EOR Area Phase 1 Development - Ten Year Drilling and Injection Plan POOL DEVELOPMENT 53 Well PLAN - YEAR 2025 Inventory Optimize EOR efficiency in the Core: on 200 m Down Spacing Re-inject 100% of produced gas from AER INJECTION…
  14. February 2016 Corporate Presentation – Granite Oil Corp – slide 14
    Results Managing Declines to Maximize Value 4000 120% 3500 100% 100% 100% 100% 100% Injection/Production Voidage Replacement Ration (%) 3000 82% 80% Average Daily Production (BBL/D) 75% 2500 Production and EOR…
  15. February 2016 Corporate Presentation – Granite Oil Corp – slide 15
    Swanson River Oil Pool Study Gas Injection-Supported Undersaturated Oil Reservoir Discovered in Apr. 1957; Drilling development largely completed by 1963 with 55 completed wells Gas injection pilot program started in 1962 in…
  16. February 2016 Corporate Presentation – Granite Oil Corp – slide 16
    Economics G R A N I T E O I L C O R P. T S X : G X O 17
  17. February 2016 Corporate Presentation – Granite Oil Corp – slide 17
    Dividend + Growth Plan 4000 3500 35 0 1 3000 30 0 13 2500 Production (Bbl/d) 25 9 13 2000 20 MM 33 1500 15 1000 18 19 10 14 500 5 0 0 2016 2017 Cash Flow Hedges Capex Dividend Free Cash Flow Production…
  18. February 2016 Corporate Presentation – Granite Oil Corp – slide 18
    Sustainable Below USD 40 WTI 3500 3000 25 0 2500 0 0 20 Production (Bbl/d) 12 13 2000 MM 15 13 1500 20 10 1000 11 10 500 5 7 0 0 2016 2017 Cash Flow Hedges Capex Dividend Free Cash Flow Production Production…
  19. February 2016 Corporate Presentation – Granite Oil Corp – slide 19
    Well Economics TYPE WELL DEFINITION Bakken Type Well 300 Well Cost: 1.8 MM EUR: 200 Mbbl 250 Capital Efficiency: 10,000 per 200 daily flowing bbl Bbl/day Year 1: 190 bbl/d average 150 Well F+D: 9.00 / bbl 100 Royalty:…
  20. February 2016 Corporate Presentation – Granite Oil Corp – slide 20
    2016 Budget USD 32.50 WTI Average Production Level Oil & NGLs (Bbl/d) 3000 Reserves MMBOE (Sproule P&P) January 1, 2015 16.956 Guidance 2016 CAPEX (MM) 10.5 2016 Production (Bbl/d) 3000 2017 CAPEX (MM) 7 2017 Production…
  21. February 2016 Corporate Presentation – Granite Oil Corp – slide 21
    Hedges/Tax Pools 100% 100 90% TAX POOL CATEGORY AMOUNT (MM) 80% CDE 138.6 80 Production Hedged (%) 70% Hedge Prices (US/BBl) CEE 1.5 60% UCC 9.5 60 50.69 48.62 49.53 49.53 50% NCL 27.6 40% Share Issue Costs…
  22. February 2016 Corporate Presentation – Granite Oil Corp – slide 22
    The Team G R A N I T E O I L C O R P. T S X : G X O 23
  23. February 2016 Corporate Presentation – Granite Oil Corp – slide 23
    Granite Oil Corp.s Team MANAGEMENT TEAM Michael Kabanuk President and Chief Executive Officer Michael is a Professional Engineer with 23 years of engineering and management experience in the oil and natural gas industry. Prior to…
  24. February 2016 Corporate Presentation – Granite Oil Corp – slide 24
    Granite Oil Corp.s Team BOARD OF DIRECTORS Brendan Carrigy Chair Kevin Andrus Martin Cheyne Michael Kabanuk Henry Hamm Dennis Nerland Bradley Porter G R A N I T E O I L C O R P. T S X : G X O 25
  25. February 2016 Corporate Presentation – Granite Oil Corp – slide 25
    APPENDIX G R A N I T E O I L C O R P. T S X : G X O 26
  26. February 2016 Corporate Presentation – Granite Oil Corp – slide 26
    Alberta Bakken Development Timeline EOR PILOT Test Secondary Recovery with gas injection EXPLORATION Design Infrastructure for MAXIMIZE RETURNS Alberta Bakken Discovery: Full-Scale Deployment Maximize Oil Recovery Reagan 1-3…
  27. February 2016 Corporate Presentation – Granite Oil Corp – slide 27
    Production (bbl/d) Production (bbl/d) Production (bbl/d) 1 10 100 1000 1 10 100 1000 1 10 100 1000 2012-07 2014-03 2012-03 2012-10 2012-06 2014-05 2013-01 2012-09 2013-04 2014-07 2012-12 2013-07 2014-09 2013-03 2013-10…

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