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February 2016 Corporate Presentation – Striker Exploration Corp

Striker Exploration Corp · Feb 8, 2016 · 28 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 – Striker Exploration Corp – slide 1
    ATTRACTIVE ECONOMICS EMERGING LIGHT OIL PLAY FINANCIAL STRENGTH Corporate Presentation February 2016 TSX-V : SKX SKX TSX-V
  2. February 2016 Corporate Presentation – Striker Exploration Corp – slide 2
    About Striker SKX Deep Value Opportunity EV to 2015e funds ow: 3.6x(1) Share price to 2015e funds ow: 3.0x(1) Belly River Drilling Inventory Signicant posiMon (155 net secMons) today More land available Invested &…
  3. February 2016 Corporate Presentation – Striker Exploration Corp – slide 3
    5 Year Vision - Sector Cycle Steady State Current State Growth& Expansion Contraction Strategic Priorities Expand Land Base Limit operations to de-risking Initiatives Expand Land Base Increase Operations Corporate/Core…
  4. February 2016 Corporate Presentation – Striker Exploration Corp – slide 4
    5 Year Vision - Asset Development Preliminary Initial Partial Full Maintenance Development Development/ Exploration Development and Depletion and Delineation Secondary Recovery 2018+ further increase Optimal…
  5. February 2016 Corporate Presentation – Striker Exploration Corp – slide 5
    Cash Costs versus All-in Breakeven (Courtesy of National Bank Financial January 28, 2016) 4 SKX TSX-V
  6. February 2016 Corporate Presentation – Striker Exploration Corp – slide 6
    Sustainability Ratio (Courtesy of National Bank Financial January 28, 2016) Avg 2016 D/CF = 3.9x Avg 2016 Net Payout Ratio = 154% 8.0x AEI 7.0x BTE CNQ PGF 6.0x BNE 2016E D/CF (x) 5.0x RE BXO MQL ERF SGY 4.0x TOG NBZ…
  7. February 2016 Corporate Presentation – Striker Exploration Corp – slide 7
    KK LL K K LK LKKD DKLK L K L LLK K K LL KLL F LL F F F K K F DK F F FF F FF L L LJ LE F LL LLLKJ LF JE I IDII IIJE J E III KF L FK KKFF LJL IL I E LF EF K FL ILL KJ IJ F I Why Invest in Belly River…
  8. February 2016 Corporate Presentation – Striker Exploration Corp – slide 8
    Emerging Belly River Offers Exciting Upside Horizontal Development of the maturing Viking West Central Saskatchewan Emergent Horizontal Development of the Belly River West Central Alberta Viking Belly River peak horizontal…
  9. February 2016 Corporate Presentation – Striker Exploration Corp – slide 9
    Multiple Stacked Plays Expand the Opportunity The Belly River Formation is 250m thick, consisting of multiple, stacked oil producing channel sands overlying an oil producing Middle Belly River regional marine sand. Future exploratory…
  10. February 2016 Corporate Presentation – Striker Exploration Corp – slide 10
    Belly River Oil Fairway - Years of Running Room Data from over 36,000 deeper vertical well drill-throughs (not 62 Belly River 92 Basal Belly River hwells illustrated on this mapsheet) 1.7MM/well Channel hwells provides de-risking for…
  11. February 2016 Corporate Presentation – Striker Exploration Corp – slide 11
    Assembling Our Ideal Basal Belly River Land Position 107 gross / 88.0 net secXons Wilson Creek BBR Project 42.5 gross / 26.75 net secMons 3 gross / 1.25 net secMons 3 gross / 1.25 net secMons Q4 2014 Q1 2015 Q2 2015 Q3…
  12. February 2016 Corporate Presentation – Striker Exploration Corp – slide 12
    We Did It. Thorsby Wilson Wilson Aggregate Purchase Price Allocation Q1/2015 Q2/2015 Q3/2015 Purchase Price (millions) (1) 1.75 3.88 8.10 13.73 Producing reserve value (millions)(2) 0.98 3.45 7.70 12.13 88% Net price for…
  13. February 2016 Corporate Presentation – Striker Exploration Corp – slide 13
    Striker Belly River Horizontal Well Economics Based on 40 WTI pricing, on-stream 1.7 million per hzl well and Crown royalties Proved + Prob. IP90 Payout Reserves Proved + Probable ROR Tier (boe/d) (months) (Mboe) NPV10 (M) (%) 2 30…
  14. February 2016 Corporate Presentation – Striker Exploration Corp – slide 14
    Improving Belly River Well Results Historical Basal Belly River Horizontal Well ProducMon Encouraging initial production data which validates Wilson Creek geological model First three wells, on average, provide greater than 30%…
  15. February 2016 Corporate Presentation – Striker Exploration Corp – slide 15
    Striker Key Focus - Wilson Creek Belly River 02/12-32 Belly River Channel (100%w.i.) 02/01-04 Basal Belly River (24%w.i.) completed late-January 00/03-29 Belly River Channel (76%w.i.) Near-term focus on Basal Belly River…
  16. February 2016 Corporate Presentation – Striker Exploration Corp – slide 16
    Expanding Location Count With Higher Density Striker takes a conservative and realistic approach when quantifying its location inventory Prior to 2015YE GLJ Reserves Report, HORIZONTAL LOCATIONS (per sec3on) Management internally…
  17. February 2016 Corporate Presentation – Striker Exploration Corp – slide 17
    Strong Foundation Supports Value Creation D/CF at 0.6x with only 20% of 40MM credit Strong balance sheet capacity utilized Four acquisitions completed in 2015 to assemble Opportunistic acquisitions 155 net sections of Belly River…
  18. February 2016 Corporate Presentation – Striker Exploration Corp – slide 18
    Contact Info Doug Bailey Corporate Partners President and CEO Auditor KPMG LLP 1.587.794.4721 dbaileystrikerexp.com Reserves GLJ Petroleum Consultants Bank Syndicate TD Bank & National Bank Striker Exploration Corp. 1250,…
  19. February 2016 Corporate Presentation – Striker Exploration Corp – slide 19
    APPENDICES TSX-V : SKX SKX TSX-V
  20. February 2016 Corporate Presentation – Striker Exploration Corp – slide 20
    Management Team Doug Bailey Over 20 years of business and financial management in E&P. Prior experience: Founder and President & CEO (Director) CFO of Hyperion Exploration, Canadian Phoenix Resources Corp. Frank Muller, P.Geo. Over 30…
  21. February 2016 Corporate Presentation – Striker Exploration Corp – slide 21
    Board of Directors Founder, President & CEO and Chairman of Raging River Exploration Inc. Previously was Founder, Neil Roszell President, CEO and Director of Wild Stream Exploration Inc., Wild River Resources, and Prairie Schooner…
  22. February 2016 Corporate Presentation – Striker Exploration Corp – slide 22
    Striker Profile Basic shares 32.2 MM Dilutive securities (strike price at 2.40+ / 6.0 MM expiring April 2016) 11.5 MM Fully diluted shares 43.7 MM Market capitalization (1.02 per share at February 22, 2016) 33 MM 33% Net debt…
  23. February 2016 Corporate Presentation – Striker Exploration Corp – slide 23
    February 2016 Capitalization Table Subscribed or CAPITAL STRUCTURE Shares Strike Price Dollars Shares outstanding pre-recap 956,948 4.19 4,005,236 Issued in June 2014 re-cap 12,500,000 2.00 25,000,000 Issued in August 2014 rights…
  24. February 2016 Corporate Presentation – Striker Exploration Corp – slide 24
    Thorsby Basal Belly River Oil (38API) Focus on Basal Belly River development & delineation upside with abundant running room Production(1) 89 boepd (67% light oil) Wells 2 producing horizontals Land 15.5 gross (15.5 net)…
  25. February 2016 Corporate Presentation – Striker Exploration Corp – slide 25
    Brazeau Belly River Oil (39API) One high-impact Belly River Hzl with follow-up development and delineation potential Production(1) 251 boepd (46% light oil&ngls) Wells 1 producing horizontal Land 4 gross (4.0 net) sections…
  26. February 2016 Corporate Presentation – Striker Exploration Corp – slide 26
    Chigwell Belly River Oil (37API) One high-impact Belly River Hzl with 02/15-28-42-26W4 follow-up potential & additional exploration upside 3D seismic Production(1) 300 boepd (84% light oil) Wells 2 horizontals and 2D…
  27. February 2016 Corporate Presentation – Striker Exploration Corp – slide 27
    Drayton Valley Cardium Oil (37API) Nine top-tier horizontal wells with low-risk downspacing potential Production 1 428 boepd (63% light oil&ngls) Wells 9 producing horizontals Land 2.375 gross (2.25 net) sections Locations 2…
  28. February 2016 Corporate Presentation – Striker Exploration Corp – slide 28
    Killam Lloydminster Oil (28 API) Well-delineated oil pool with numerous development inll locations with holdings in place to drill 16 to 32 wells per section Production 1 456 boepd (60% medium oil) Wells 17 producing…

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