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April 2016 Investor Presentation – Long Run Exploration Ltd.

Long Run Exploration Ltd. · Apr 25, 2016 · 8 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. April 2016 Investor Presentation – Long Run Exploration Ltd. – slide 1
    INVESTOR PRESENTATION APRIL 25, 2016 1
  2. April 2016 Investor Presentation – Long Run Exploration Ltd. – slide 2
    BACKGROUND Long Runs capital structure is challenged as a result of the significant decline in commodity prices that has occurred subsequent to the Deep Basin acquisitions in 2014 Price of oil has declined from WTI US95/Bbl in August…
  3. April 2016 Investor Presentation – Long Run Exploration Ltd. – slide 3
    THE ARRANGEMENT Long Run entered into an arrangement agreement on December 20, 2015 (the Arrangement) with Calgary Sinoenergy Investment Corp. (the Purchaser), who has proposed to acquire: i. All of the outstanding common shares of…
  4. April 2016 Investor Presentation – Long Run Exploration Ltd. – slide 4
    PROPOSED OFFER IS AT SIGNIFICANT PREMIUM LRE Common Shares LRE Convertible Debentures 0.80 80.00 0.70 70.00 0.60 60.00 0.50 50.00 0.40 40.00 0.30 30.00 0.20 20.00 0.10 10.00 0.00 0.00 7/01/15 8/27/15 10/23/15 12/21/15 7/01/15…
  5. April 2016 Investor Presentation – Long Run Exploration Ltd. – slide 5
    REASONS FOR THE ARRANGEMENT Significant premium to both shareholders and debentureholders Provides certainty of value and near-term liquidity to shareholders and debentureholders in a challenging commodity price environment…
  6. April 2016 Investor Presentation – Long Run Exploration Ltd. – slide 6
    TIMELINE TO COMPLETION OF THE ARRANGEMENT 2015 December 21 Arrangement announced 2016 January 29 Long Run entered into an amending credit agreement with its bank syndicate which allowed Long Run and the Purchaser to move forward with…
  7. April 2016 Investor Presentation – Long Run Exploration Ltd. – slide 7
    CLOSING OF THE ARRANGEMENT On closing of the Arrangement: 1) Long Run will become a wholly-owned subsidiary of Calgary Sinoenergy Investment Corp. 2) Long Runs common shares and debentures will be delisted from the Toronto Stock…
  8. April 2016 Investor Presentation – Long Run Exploration Ltd. – slide 8
    CORPORATE INFORMATION TSX:LRE Contacts Bill Andrew Chair & CEO Dale Miller President & COO Corine Bushfield Senior Vice President & CFO Dale Orton Senior Vice President, Development Lauren Kimak Manager, Investor Relations (403)…

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