Investor Presentation: Unit Offering of Collateralized Exchange Listed Notes + Warrants TSXV: MEI US OTC: MKRYF September 29, 2016 TSXV: MEI US OTC: MKRYF 1
Table of Contents Offering Summary Company Overview Operational Overview Financial Overview Conclusion TSXV: MEI US OTC: MKRYF 5
Offering Summary TSXV: MEI US OTC: MKRYF 6
Introducing Collateralized Exchange Listed Notes Manitok is pleased to present to investors a unit offering (the Offering) of Collateralized Exchange Listed Notes (CEL Notes) and warrants. A debt security that provides contractual…
Why Invest in CEL Notes CEL Notes: Term debt that pays contractual income, is secured and is listed on an exchange. CEL Notes provide yield through a quarterly cash coupon. The current offering of Manitoks CEL Notes pay 10.5% per annum…
Sources & Uses Sources & Uses (mm) Debt Summary Sources Post Q2 + ( in millions) 2016 Q2 Pro Forma Units (CEL Notes + Warrants) 20.0 Credit Facility 43.7 34.7 Plus: Financing Facility Agreement 14.9 14.9 Total Sources 20.0 Plus:…
Summary Term Sheet Issuer: Manitok Energy Inc. (MEI, the Issuer or the Company). Amount: 20 million. Units consisting of 20 million of senior secured notes (the Notes) and warrants to purchase [] million common shares (the Issue:…
Cash Flow to Support Interest Payments Manitoks historical coverage and leverage ratios demonstrate the companys ability to service its debt, even in a low commodity price environment. Historical Leverage and Coverage Leverage (Total…
Asset Coverage to Support Debt Load The before tax NPV10 of Manitoks 1P reserves are 2.6 times the outstanding debt, providing considerable asset coverage to Manitoks lenders and CEL Noteholders. NPV 10% Total Debt Collateral…
Active Management in the New Oil Paradigm Since early 2015, Manitok aggressively reduce its debt towards the goal of long-term financial sustainability. As stewards of investors capital, the Manitok management repositioned itself to…
Company Overview TSXV: MEI US OTC: MKRYF 14
Summary of the Manitok Acquisition On September 29, 2016, Manitok reached an agreement with a private oil and gas exploration and development company based in Calgary, Alberta to acquire certain oil & gas and infrastructure assets in…
Pro Forma Company Overview Pro Forma Capitalization (Incl Manitok Acquisition) Manitok Land Map Company Ticker TSXV:MEI Manitok Core Areas Closing Share Price - Sep 28, 2016 0.125 Basic Shares Outstanding (mm) 227.1 Core Areas from…
Repositioning Manitok in 2016 Recent developments combined with the assets from the Manitok Acquisition transforms Manitok into a company with significantly more production, reserves, cash flow and less bank debt. Manitok Production…
Manitok Today - Credit Dashboard Manitoks finances and operations are positioned to weather the current downturn in commodity prices. Check List Operations Development Plan Diversified asset base lowers operational Manitoks low-cost…
Operational Overview TSXV: MEI US OTC: MKRYF 19
SE Alberta - Lithic Glauc Oil Southeast Alberta Area Overview Contiguous Lithic Glauc oil land position with +48,600 gross acres (97% working interest). 119,565 gross Beiseker acres in SE Alberta area. 57.4 net wells in the area…
Lithic Glauc Oil Reservoir & Monobore Drilling Excellent Reservoir Characteristics Game Changing Monobore Drilling Technique Large OIP in all areas with favourable reservoir Recent breakthrough: Monobore well design decreased…
Cordel / Stolberg Foothills Area Cordel / Stolberg Area Area Overview Operator with an average 57% working interest on 28,308 gross acres of land in the Cordel / Stolberg area. 18 net wells in the area producing 1,893 boe/d (Sept…
Assets from the Manitok Acquisition Transaction Willesden Green Area Manitok Acquisition Asset Overview 90,000 acres (55,800 net) of undeveloped land. Mainly mature Cardium light oil and natural gas assets in the Willesden Green area…
Pro Forma Reserves by Reserve Category Corporate Reserves (Gross Before Royalties) Light And Manitok Reserves (Dec 31, 2015) + Manitok Medium Crude Natural Gas NPV10% Acquisition Reserves (Dec 31, 2015) Oil Natural Gas Liquids Oil…
Financial Overview TSXV: MEI US OTC: MKRYF 25
Financial Overview The Manitok Acquisition is a game changer for Manitok: it improves Manitoks liquidity position and ability to service its debt. Gross Revenue & Adjusted EBITDA (mm) Total Debt (mm) Gross Revenue Adjusted EBITDA…
Conclusion TSXV: MEI US OTC: MKRYF 27
Key Credit Highlights Manitok is positioned to capitalize on the recovery, with a growing and diversified asset base of PDP reserves that generates free cash flow for the company. Diversified Asset 69.6 mm of debt secured to 148.6 mm…
Appendix TSXV: MEI US OTC: MKRYF 29
Experienced Team & Strong Board Manitok is led by a team of dedicated professionals who has managed Manitoks balance sheet and liquidity through the downturn, and positioned the company for future growth. Management Board of…
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