EXPERTISE QUALITY INCOME TSX: EGL EAGLE ENERGY INC. Investor Presentation August 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…
Corporate Profile Current Estimated Production 3,900 boe/d(1) 2016 Full Year Production Guidance 3,400 to 3,800 boe/d(1) Production Split 88% oil, 3% NGLs, 9% gas LMR 3.13(2) 2016 Ending Debt to Trailing Funds Flow 3.7x(3) from…
Market Data TSX: EGL Ticker Shares Outstanding (basic) 42.5 million 52 Week Range 0.40 - 2.79 Recent price 0.68(1) Average daily trading volume (30 day) 79,650 shares Market Cap 27.6 million Acumen Capital Partners Equity…
2016 Q2 Highlights Eagle is on track to post results at the upper end of our production guidance, the lower end of our operating cost guidance and as planned for our capital spend. Achieved quarterly production in excess of 4,100 barrels…
Credit Agreement Sustained weakness in global commodity prices resulted in downward pressure on the price decks used by lenders to determine borrowing base levels. Results of the semi-annual redetermination finalized on May 31, 2016…
2016 Guidance Eagle expects 2016 average production to be at the upper end of the guidance range. Eagles 2016 capital budget, average production and operating cost guidance remains unchanged from what Eagle previously announced on May 5,…
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. Build Sustainable Stable Capital Business with…
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 15.6 million (1) Basic Payout…
2016 Sensitivities Sensitivity to Commodity Price 2016 Average WTI (Average Production = 3,800 boe/d) US 37.50 (F/X 1.35) US 47.50 (F/X 1.30) US 57.50 (F/X 1.25) Funds Flow from Operations 14.4 million 15.6 million 15.9 million…
2016 Capital Budget To the end of the second quarter of 2016, Eagle is 80% through its capital budget, with the program exceeding expectations from both a cost control and productivity perspective. Eagles 2016 capital budget is 5.0…
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 Over the long term, plans are to leverage off internal waterflood expertise to…
CDN Properties Other - Western Canadian Sedimentary Basin Acquired interests in attractive Alberta plays located in the Over 50 WCSB effective January 27,2016 producing Royalty interest and non-operated non-operated working interest…
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…
Hedging Program Eagles 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 1,666 bbls/d hedged at WTI US 51.37, which…
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…
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 Richard Clark Corporate Finance Law - Shiningbank…
Value Proposition Why Invest in Eagle Stable production base Capital discipline Experienced management team Focus on improving cost efficiencies 25
APPENDIX 26
Management Richard Clark, B.A. (Econ), LLB, Director 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, specializing in…
Management Continued Scott Lovett, M.Sc., MBA, P.Eng, Executive Vice President, 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 Q2/15 Q3/15…
Loading...
