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April 2016 Presentation – Granite Oil Corp

Granite Oil Corp · Apr 27, 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. April 2016 Presentation – Granite Oil Corp – slide 1
  2. April 2016 Presentation – Granite Oil Corp – slide 2
    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…
  3. April 2016 Presentation – Granite Oil Corp – slide 3
    The Asset G R A N I T E O I L C O R P. T S X : G X O 5
  4. April 2016 Presentation – Granite Oil Corp – slide 4
    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
  5. April 2016 Presentation – Granite Oil Corp – slide 5
    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…
  6. April 2016 Presentation – Granite Oil Corp – slide 6
    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
  7. April 2016 Presentation – Granite Oil Corp – slide 7
    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…
  8. April 2016 Presentation – Granite Oil Corp – slide 8
    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…
  9. April 2016 Presentation – Granite Oil Corp – slide 9
    The Process Dry Make-up Gas C5+ Hydrocarbons to Compressor Sales Gas Plant Compressed Gas Dry Gas to Compressor Re-injected Separator 25% CO2 Produced Oil + Gas Oil to Sales EOR Basics Injected gas in the top of the…
  10. April 2016 Presentation – Granite Oil Corp – slide 10
    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…
  11. April 2016 Presentation – Granite Oil Corp – slide 11
    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…
  12. April 2016 Presentation – Granite Oil Corp – slide 12
    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…
  13. April 2016 Presentation – Granite Oil Corp – slide 13
    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…
  14. April 2016 Presentation – Granite Oil Corp – slide 14
    EOR Modelling Recovery Potential Gas Injection Modelling Recovery Scenarios CASE 1 CASE 2 CASE 3 CASE 4 53 Producers + 3 Gas 51 Producers + 4 Gas 35 Producers + 12 Gas 19 Producers + 20 Gas Injectors Injectors Injectors Injectors…
  15. April 2016 Presentation – Granite Oil Corp – slide 15
    EOR Optimization in Low Commodity Price Environment 2000 HP of Gas EOR INJECTION VOLUMES AND VOIDAGE REPLACEMENT RATIO Compression 250 Equipment 120% Two Added Producing Wells 101% Converted to 100% 200 Gas Injectors…
  16. April 2016 Presentation – Granite Oil Corp – slide 16
    West Bakken Gas Injection Pilot Proposal LEGEND Granite Land Crown Land Acquisition PSK Land Acquisition PSK Option Land Agreement Gas Injection Well Producing Well G R A N I T E O I L C O R P. T S X : G X O 18
  17. April 2016 Presentation – Granite Oil Corp – slide 17
    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…
  18. April 2016 Presentation – Granite Oil Corp – slide 18
    Economics G R A N I T E O I L C O R P. T S X : G X O 20
  19. April 2016 Presentation – Granite Oil Corp – slide 19
    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…
  20. April 2016 Presentation – Granite Oil Corp – slide 20
    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…
  21. April 2016 Presentation – Granite Oil Corp – slide 21
    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:…
  22. April 2016 Presentation – Granite Oil Corp – slide 22
    2016 Budget USD 32.50 WTI Average Production Level Oil & NGLs (Bbl/d) 3000 Reserves MMBOE (Sproule P&P) December 31, 2015 17.704 Guidance 2016 CAPEX (MM) 10.5 2016 Production (Bbl/d) 3000 2017 CAPEX (MM) 7 2017 Production…
  23. April 2016 Presentation – Granite Oil Corp – slide 23
    Hedges/Tax Pools 2,000 100 1,800 TAX POOL CATEGORY AMOUNT (MM) 1,600 CDE 138.6 80 1,400 CEE 1.5 Production Hedged (Bbl/d) Hedge Prices (US/BBl)* 1,200 UCC 9.5 60 51.29 51.20 50.03 50.03 1,000 NCL 27.6 44.00…
  24. April 2016 Presentation – Granite Oil Corp – slide 24
    Responsible and Efficient Operator Produced gas containing 25% CO2 is CO2 recycled and reinjected into the reservoir, reducing emissions and improving oil recovery Reduced Emissions and Improved Recovery EOR drives more…
  25. April 2016 Presentation – Granite Oil Corp – slide 25
    The Team G R A N I T E O I L C O R P. T S X : G X O 27
  26. April 2016 Presentation – Granite Oil Corp – slide 26
    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…
  27. April 2016 Presentation – Granite Oil Corp – slide 27
    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…
  28. April 2016 Presentation – Granite Oil Corp – slide 28
    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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