Corporate Profile TSX : FRU focused on oil and gas royalties 2016e production (80% royalty production) boe per day 11,400 2016e operating income from royalties 94% 2016e annualized dividend(1)(2)(0.04 per month) per share 0.48…
Transaction Highlights TSX : FRU On May 25, 2016 Freehold acquired a diverse package of royalty assets and fee lands for 165 million. Deal highlights: 1. Accretive to Freehold, increasing annualized 2016 production and operating…
Enhancing Pro Forma Freehold TSX : FRU Before Husky Husky Royalty Pro Forma (2016E) (2016E) Freehold Production (boe/d) 10,400 1,000 11,400 Royalties % 78% 100% 80% Royalties % of 93% 100% 94% operating income Mineral title acres 0.7…
Strong Overlap with Existing Royalties TSX : FRU Grande Prairie Shaunavon Multi-zone Oil Play Targets Mississippian / Bakken Oil Plays Further complements our existing suite of assets 6
Acquired Assets Area Summary TSX : FRU % Revenue % Total Fee Land H1 2015 5% 17% 12% 14% 15% 16% 30% 68% 23% Northern AB/BC Northern AB/BC Grande Prairie/Rocky Mt. House Grande Prairie/Rocky Mt. House Southern AB…
Major Operators TSX : FRU Acquired Assets - Major Operators (100 wells) Enerplus Corp 256 Husky Oil Ltd. Direct Energy 272 Marketing Ltd 105 Apache Cda Ltd 227 Crescent Point Energy Corp 211 Bonavista Energy Corp 133…
The Freehold Advantage TSX : FRU Majority of cash flow derived from royalty assets We are different than Free cash flow vehicle your typical E&P Low cash costs 9
Royalty Focused Cash Flow TSX : FRU 2015 % of Operating Income Working Interest 13% Production Volume Royalties 9% 40% Mineral Title Royalties Gross Overriding Royalties 38% 94% of our Operating Income in 2016E is…
2016 Free Cash Flow Sensitivities TSX : FRU 0.10 Free Cash Flow Per Share Monthly 0.09 Funds From Operations 0.08 Free Cash Flow 0.07 Capital Spending 0.06 0.05 Free cash flow available for 0.04 dividend 0.03…
Cash Costs TSX : FRU Royalty model offers a material cost advantage over E&Ps Freehold 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 Cash Costs (/boe) (OPEX, Transportation, Royalties, G&A , Interest and Taxes)…
Low Capex as a % of Cash Flow TSX : FRU Capital Expenditures represent a small percentage of Freeholds Funds from Operations enabling sustainability in a low price environment 150% Sector average 110% 125% 100% 75%…
The Freehold Advantage TSX : FRU Assets spanning five provinces from over 40,000 wells Diversity Long Term Receive royalties from over 200 Option Value industry partners Multiple years of free drilling on our lands 14
Royalty Net Drilling Trends TSX : FRU * 2015 includes wells drilled from January 1st on our acquisition lands 15
Quality Long Life Asset Base TSX : FRU +10 YEARS OF FUTURE DRILLING POTENTIAL(3) 130+ Locations Belly River, Mannville, (1) Pekisko, Devonian 550+ Locations Widely Diversified Portfolio Mannville Heavy Oil Play 3100+ (40%…
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