April 2016 Manitok Energy Inc. is a public oil and gas exploration and development company focused on quasi- conventional light crude oil in Southern Alberta and conventional light oil and gas reservoirs in the Canadian Foothills. Its…
Introduction - Manitok Energy Inc. (Manitok or the Company) Trading Symbols - TSXV: MEI and US OTC: MKRYF Based on field estimates, production was 4,500 boe/d (46% oil) over the last 2 weeks of March 2016; With an additional 800 to…
Company Overview Corporate Snap Shot Capitalization Alberta Asset Map Market Capitalization at 0.22/share 35 million Common Shares Outstanding 161,079,746 Options 15,140,933 (W.A. exercise price of 0.69/share, 10.42 million at…
Company Overview Key Acquisitions and Dispositions Set Platform for Future Growth Manitok Production Profile 1,100 boe/d of Gas (boe/d) Acquisition of Wayne production restricted at assets, 1,800 boe/d (55% Oil and Condi (bbls/d)…
Company Overview Great Year for Reserves Due to Acquisition and Emergence of Lithic Glauc Oil Play Corporate Reserves Year-End 2015 (does not include Q1 2016 acquisitions) Based on Sproule Evaluation as at December 31, 2015 - Sproule…
Company Overview Trading at Deep Discount to P+P Net Asset Value per Share P+P Net Asset Value Non-Diluted Diluted P+P Reserves - Sproule Dec 31, 2015 report, NPV 10% - BT 207,700,000 207,700,000 Estimated P+P Reserves value from…
Company Overview Manitok Oil Play Sensitivity to Various Fixed Oil Prices Manitok Play Type Sensitivity to Oil Price 236% 219% 210% Carseland LG Wayne LG 180% Cardium 175% Basal Quartz 150% 140% Rate Of Return 128% 120%…
Asset Analysis Drilling Inventory Significant NPV10% Value Even at Low Strip Oil and Gas Prices Drilling Inventory Value Greater than 1 per Share at Strip Prices Number of Net NPV 10% of Each Drilling Location(1) Risk Total NPV 10%…
Asset Analysis SE Alberta - Lithic Glauc Oil Most of the Lithic Glauc Drilling Upside not Booked in 2015 Sproule Reserve Report 159 Hz Lithic Glauc Drilling Locations 1 Wayne Focusing on the Lithic Glauc play in 2016 given the…
Asset Analysis Carseland - Lithic Glauc Oil Recent Gas Plant Acquisition will Facilitate Rapid Production Growth in the Area Carseland Area Map Lithic Glauc Economic at Low Oil Prices _ Operator and 100% working interest; Acquired 14…
Asset Analysis Wayne - Lithic Glauc Oil Economic to Drill Wayne Lithic Glauc Play at Current Low Oil Prices Wayne Area Map Lithic Glauc Economic at Lower Oil Prices__ Operator and 100% working interest in the area; Total horizontal…
Asset Analysis Cordel / Stolberg (Manitok Operated) Stolberg Upside Increased with Acquisition and Anticipated EOR Plan Production & Reserves Upside_ Identified potential initial production upside of 10,000 boe/d (30% oil) with 33…
Asset Analysis Cordel / Stolberg Low Cost Reserves add at Stolberg Cardium F Pool - EOR Project Stolberg Cardium F Pool Oil Production Rate History and Forecasts Stolberg Cardium F Pool Cumulative Oil Production History vs…
Manitok Well Economics with Bullish View of Oil Prices Significant Leverage to a Recovery in Commodity Prices Carseland Glauc Hz Oil Well Economics Wayne Glauc Hz Oil Well Economics Total Hz Cost (D, C & E) 1.77 MM Total LG Hz Cost (D, C…
Asset Analysis Potential Value of Drilling Inventory 600 Million of Drilling Upside with Bullish Oil Price Perspective Total NPV Triples with a Recovery in Commodity Prices to the Sproule Price Deck Level Number of Net NPV 10% of…
Appendix 18
Sproule Price Deck - January 1, 2016 SPROULE ASSOCIATES LTD. SUMMARY OF PRICE FORECASTS, INFLATION and EXCHANGE RATES Light Crude Oil Natural Gas and Liquids 1 WTI Canadian Edmonton Cushing Light Sweet Henry Hub Ethane Edmonton…
Strip Commodity Price Deck March 23, 2016 Created March 23, 2016 Mid-market as of AECO CAD/GJ NYMEX NG WTI WTI CAD/USD close of business USD/MMBtu USD/Bbl CAD/Bbl 22-03-16 CAL16 1.697 2.202 43.88 57.22 1.304 CAL17 2.527…
Introduction Experienced Management Team Massimo Geremia 26 years of public company experience in Oil and Gas, Real Estate and Finance; previously President & CEO with Birchcliff Energy Ltd., Equatorial Energy Inc. & Boardwalk Equities…
Introduction Board of Directors Bruno Geremia VP Finance & CFO, Birchcliff Energy (BIR TSX) Massimo Geremia President & CEO, Manitok Energy (MEI TSXV) Keith McLeod, P.Eng. Former Director, Partner, and CEO of Sproule Associates…
Company Overview Hedging Value at April 1, 2016 Hedge Book Product Notional Quantity Contract Term Price Reference Average Strike Contract Oil 500 bbls/d January 1, 2016 to December 31, 2016 CAD WTI 80.15 Swap Oil 500 bbls/d January…
Asset Analysis Wayne Oil Facility Wayne Facility Provides Greater Control of Operations and Production Wayne facility was acquired in Manitoks June 2015 acquisition Wayne 1-20 battery and acid gas injection integrated with 8-23…
Asset Analysis SE Alberta - Basal Quartz Oil Most of the Upside in Reserves with BQ Drilling Inventory not Booked 137 Hz Basal Quartz Drilling Locations Wayne 28 Hz drilling locations at Carseland; 81 locations at Beiseker Wayne and…
Stolberg Cardium F Pool - EOR Project TVD (m) 1200 1350 Horizontal Gas Injector well used Cardium F Pool to inject associated gas back into Gas Cape Height reservoir. 275 meters 1500 CURRENT GAS OIL CONTACT Cardium Sand…
Exceptional Exploration Success Proves Up Plays Top 10 Horizontal Glauconitic Producing Wells in Southern Alberta Rank Unique Well ID IP 30 IP 60 IP 90 Current Operator Name Spud Date 1 100/16-32-022-25W4/00 820 750 - Manitok…
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