EXPERTISE QUALITY INCOME TSX: EGL EAGLE ENERGY INC. Investor Presentation June 2016
Strategy Eagle is created to provide investors with a sustainable business while delivering stable production and overall growth through accretive investments and acquisitions. Eagles trusted management team brings Expertise an…
Highlights Eagle is dedicated to monitoring key performance metrics, exercising capital discipline, improving cost efficiency and conducting the business within cashflow; all of which will better position Eagle as oil prices improve.…
Semi-Annual Borrowing Base Redetermination & Credit Agreement Amendments Eagle posted solid results in our year-end 2015 report on oil and gas reserves. We increased year-over-year proved developed producing reserves by 10%, and total…
Corporate Profile Current Estimated Production 3,800 boe/d(1) 2016 Full Year Production Guidance 3,400 to 3,800 boe/d(1) Production Split 87% oil, 3% NGLs, 10% gas 2016 Ending Debt to Trailing Cashflow 5.7x(2) 2016 Corporate…
Market Data TSX: EGL Ticker Shares Outstanding (basic) 42.5 million 52 Week Range 0.40 - 3.40 Recent price 0.86(1) Average daily trading volume (30 day) 153,435 shares Market Cap 37 million Acumen Capital Partners Equity…
2016 Guidance Eagles 2016 capital budget, production and operating cost guidance remains unchanged from previously announced guidance on May 5, 2016 as follows: Revised Guidance Notes Capital Budget 5.0 million (1)…
2016 Capital Budget Eagle intends to remain disciplined by managing capital expenditures and maintaining target project economics based on current realized commodity prices. Eagles 2016 capital budget is 5.0 million: Texas and…
2016 Expected Funds Flow from Operations and Corporate Payout Ratio Eagles expected funds flow from operations and corporate payout ratio are calculated as follows: Amount Funds Flow from Operations 11.1 million (1) Basic Payout…
2016 Sensitivities Sensitivity to Commodity Price 2016 Average WTI (Production = 3,600 boe/d) US 45 (F/X 1.34) US 50 (F/X 1.31) US 55 (F/X 1.28) Funds Flow from Operations 10.6 million 11.1 million 11.5 million Corporate…
Exercising Fiscal Prudence and Discipline in a Low Commodity Price Market We intend to continue to monitor and realign our business to operate near or within our cash flow. Sustainable Strong Stable Capital Business with…
Our Properties Eagle owns stable, oil producing properties with development and exploitation potential located in Canada (Alberta) and in the US (Texas and Oklahoma). Twining Field Properties, AB: Located in the Pekisko oil pool…
CDN Properties Twining Field (Alberta) Pekisko Type Log 100/02-07-032-24W4/00 GR L1_SONIC_POROSITY_CALC CORE_KMAX_SHIFTED 0 150 0.15 -0.05 0.1 1000 CAL CORE_POROSITY_SHIFTED IL 125 375 0.15 -0.05 0.1 1000 T33N-R25W T33N-R24W…
CDN Properties Twining Field (Alberta) Interests in the largest Pekisko oil pool in the WCSB Twining Pekisko Pool Production History Significant upside potential 10 horizontal wells drilled to date with over 30 additional drilling…
CDN Properties Dixonville (Alberta) 50 km from Peace River Appointed operator effective June 1, 2016 50% working interest in a horizontal oil waterflood in the Montney C Formation Primary development started in 2004 with full…
CDN Properties Dixonville (Alberta) A premier waterflood in Western Canada Low decline property Low abandonment liabilities due to long life asset Long-term potential Decline rate below 10% Refurbished, optimized gathering system…
CDN Properties Western Canadian Sedimentary Basin Maple Acquired interests in attractive Alberta plays located in the Over 50 producing WCSB effective January 27,2016 non-operated 230 boe/d of royalty interest royalty interest wells…
US Properties Salt Flat (Texas) Light oil producing o 35 API oil from the Edwards limestone formation, located in the Salt Flat field in Caldwell County, South Central Texas Acquired an 80% working interest in 2010 Low cost…
US Properties Hardeman (Texas & Oklahoma) Light oil producing o 45 API oil from the Chappel and Atoka Conglomerate formations located in Hardeman County, Texas and Greer, Harmon and Jackson Counties, Oklahoma 28,000 gross acres…
2015 Year-End Reserves Highlights +10% Increase in year-over-year proved developed producing (PDP) reserves +14% Increase in year-over-year total proved reserves +16% Increase in year-over-year total proved plus probable…
2015 Year-End Reserves(1) Excellent year-over-year reserve performance Total proved plus probable reserves of approximately 18.6 million boe (70% proved, 58% proved producing) PV10 value on total proved plus probable reserves of…
Hedging Program Eagles approximate 51% coverage through its 2016 hedging program is well above the 25% weighted average hedge position of its junior peers(1) For the remainder of 2016, Eagle has an average 1,605 bbls/d hedged at WTI…
Management Experience Eagles management team has an average of 25 years of experience Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Eagle - President & Richard Clark Corporate Finance Law…
Management Richard Clark, B.A. (Econ), LLB, Director, President and Chief Executive Officer 19 years in the legal profession as a founding partner at a boutique oil and gas law firm, then 10 years at a Canadian national law firm,…
Management Continued Scott Lovett, M.Sc., MBA, P.Eng, Vice President, Corporate & Business Development 20 years experience in the oil and gas industry, including reservoir evaluations, acquisitions and divestments, business planning…
Board of Directors David Fitzpatrick, P.Eng., Chairman President and Chief Executive Officer, Veresen Midstream Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer…
Production History 4,500 4,000 Average WI Production per Quarter (boe/d) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2016 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15…
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