A Growth-Oriented Oil and Gas Company in the Alberta and BC Foothills November 2014
Strategy High growth, low decline , gas-weighted, oil upside in conventional bypassed reservoirs Focus Alberta and BC Foothills Symbol TSX-V: IKM Basic / F.D. Shares Outstanding 80.1 mm / 86.5 mm Market Capitalization / Enterprise Value…
Highly focused Foothills Producer Mature, underexploited assets with extensive low risk, by-pass pay opportunities Technical team and management has over 150 years of combined Foothills operational experience 8% insider ownership…
Maximizing efficiency with a highly concentrated asset base Low decline, stacked reservoirs (Wilrich, Fahler, Cadomin, Cadotte, Dunvegan ), containing oil and gas Team was involved previously in building the asset; 9 facilities, incl.…
Underexploited conventional and unconventional resource base 100+ years of collective technical and operational experience underpins strong play understanding Multiple bypass pay opportunities Extensive 2D and 3D seismic coverage and…
Wells previously drilled into deep horizons provide valuable insight into the capability of the shallower zones these wells provide the bypass pay opportunities Natural fracturing not only allows for very prolific wells, but also…
IP: 24-30 bbl/d Discovery vertical well (1997), 8-31-42-15w5 IP 24-30 bbls/d Produced 30 mbbls Source: Geoscout Source: Geoscout IP: 1,000 bbl/d 30 X multiple of vertical vs. horizontal Produced 200 mbbls 52 API oil…
1,100 Technical advancements have de-risked the complexity 180 Pembina (BPD) of identifying prospective structures WG Ferrier (BPD) 160 New rotary steerable and down-hole real time Garrington (BPD) 1,000 140 imaging tools are…
Program Overview Bypass pay multi-zone gas potential Wilrich, Fahler, Cadomin, Cadotte, Dunvegan zones Wilrich analogue well (vertical) cumd 24 Bcf(1) Fahler vertical well tested at 4.4 MMcf/d Bypass pay oil potential 8 near-term…
Greater than 500 km of operated pipelines gives Ikkuma several options to deliver gas to multiple processing points With increasing production, trunk line volumes may be managed more effectively Ownership in 3 gas plants and…
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Foothills Vert. Gas (Stage frac or unstimulated) Foothills Horizontal Oil Prd Cum Prd Cum Statistics mcf/d mmcf Statistics bbl/d boe Mean 3,192 4,461 Mean 489 313,522 Swanson Mean 3,134 4,635 Swanson Mean 494 322,384 Median 2,235 3,349…
Foothills Horizontal Oil Type Curve Type Well Assumptions & Economics Expectations Risk 600 8.0 Well Cost 5.5 MM 550 BOE/d GOR IP60 250 bbl/d 58% 7.0 500 Cum. 155 Mbbl 50% IRR 44% 450 6.0 Payout 1.5 Y 400 NPV10 3.2 MM…
Foothills Vertical Manville Gas Type Curve Type Well Assumptions & Economics 3.5 7.0 Expectations Risk Mcf/d bbl/d Well Cost 6.5 MM IP30 5.0 MMcf/d 47% 3.0 6.0 Cum. 6 Bcf 57% IRR 43% 2.5 5.0 Payout 1.6 Y Oil Production…
Total Capital Budget 65mm Drilling (1) 45mm Land and Seismic 13mm Optimization and Recompletion 7mm 2015 Average Production 7,500 8,500 boe/d (96% gas) 2015 Exit 9,100 boe/d (95% gas) Operating Cash Flow (15 Months) (2) 45mm…
Management Banks Analyst Coverage Tim de Freitas The Toronto-Dominion Bank Dealer Target Rating President & CEO Dorothy Else National Bank of Canada TD Securities 6.00 Buy Executive VP Clarus Securities 4.75 Buy Greg Feltham Auditor…
About Our Name & Logo Ikkuma means Fire/Energy in the Inuktitut language. Birds (especially owls and geese) are used heavily in Inuit art. For the Inuit, birds are symbols of freedom, intelligence, progress, and innovation. Tim de…
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Third party reserve reports MM Company MBOE (NPV10%)1,2 Effective date Trimble PDP 304 3.49 Recapitalized Co. Trimble TP 805 9.80 December 31, 2013 Trimble TPP 1,443 16.54 Deloitte PDP 12,687 129.16 Asset Purchase 1 Deloitte TP…
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