BUILDING SUCCESS FROM THE GROUND UP Corporate Presentation August 2016
THE PRIZE Multi-zone light oil play with over a billion barrels of OOIP Play is profitable at 40 WTI Production growth to 30,000 BOED in the next 5-7 years 350 million invested to date Marlowe Asset CORPORATE PRESENTATION AUGUST…
THE STORY Acquired a top tier asset Imperial discovered hydrocarbons in the Astrobleme in 1960s Built a team Mainly developed for gas on the 2010 - 2016 rim during early 2000s Built infrastructure Low oil flow rates from vertical…
GROW TO 2010 2011 1,000 BOED Acquisition of Steen River Oil & Gas First Keg River oil well drilled 300 BOED Production over 1,000 BOED 2010 - 2011 Begin accumulating land Marlowe Keg River Production 10000 Oil/BOE Rate (BOPD,…
DISCOVERY OF Acquired mineral rights over MULTI-ZONE 500 square miles RESOURCE Secure multi zone asset Control area development 2012 Steen River Slave Pt. 115ft Sulphur Pt. 30 ft 2012 Strategic Lic. Wells/Land Zone OOIP/Sec…
GAINING Moving to horizontal multi-stage wells OPERATIONAL Year round operations EXPERTISE 2013 1-28 Pad drilling & completions Road Construction Marlowe Road CORPORATE PRESENTATION AUGUST 2016 7
BUILDING Acquire & expand infrastructure FOR SUCCESS Delineate Muskeg McDaniel maps 1 billion barrels OOIP 2014 Marlowe pipeline connected to markets Focus on growth and profitability in capital spending 350 MILLION over five…
POSITIONED FOR GROWTH 2014 Gurpreet Sawhney Cody Smith Aaron Thompson Douglas Wright Barbara Joy CEO COO CFO VP Engineering & VP Land Corporate Development EVERYTHING IN PLACE AND POSITIONED FOR GROWTH TEAM BOARD LAND…
STORY OF Significant improvements in SUSTAINABILITY drilling & completions Drilling longer wells faster 2015 Drill & Completion per stage costs reduced by 70% 700,000 Drill & Complete Cost Per Stage () 600,000 500,000…
REDUCING Operating & 2014 2015 2016E COSTS PER BOE transportation costs at Total OPEX ( MM) 21 15 14 WITH GROWTH Marlowe have dropped Total Production (BOED) 2,562 2,372 1,750 to 14 mm/year 2015 OPEX + Trans Costs (/BOE) 22.47 17.29…
14-18-122-23W5 03-35-124-22W5 DELINEATE 1370m TVD / -705mSS Net Pay: 6.2m, Por: 9.3% HIGH QUALITY 1300mTVD/-670mSS Net Pay: 10m, Por: 12% 6 MMbbl/section OOIP OIL FIELD 12.5MMbbl/section OOIP 2016 11-35-121-23W5…
PREDICTABLE TYPE CURVE OIL- BBL/D TYPE CURVE OIL & GAS BOE/D WELL 500 450 1200 PERFORMANCE 400 14-35-121-23W5 Final 24 hr Test Rate 412 bbl/d oil at 30% Drawdown 1000 14-35-121-23W5 Final 24 hr Test Rate 1060 BOE/d at 30%…
120% PLAY IS Capex (MM) 2.75 PROFITABLE IP30 (boe/d) 380 AT 40 WTI 100% 10% Oil Weighting (%) 60 reduction 80% in well cost Reserves* (Mboe) 415 Rate of Return (%) F&D (/boe) 6.60 60% NPV 10 ROR Payout PI 10 40% (MM) (%)…
THE Maintain 30,000 boe/d OPPORTUNITY 30,000 for over 10 years 35 wells/year Production (boe/d) 300 wells 20,000 to 30,000 BOE/D 10,000 - ESTIMATED PRODUCTION CURRENT YEAR 1 YEAR 2 YEAR 4 YEAR 7+ BOE/D 1,750 3,500 5,000…
WE ARE Shareholder Information Corporate Snapshot STRATEGIC Venture exchange (V.SOG) Market cap 89 MM 1,800 boe/d Current Production 542 MM basic shares (64% insider ownership) 25 MM cash No bank debt 12.7 MMBOE P+P Reserves…
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