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October 2016 Corporate Presentation – Granite Oil Corp

Granite Oil Corp · Oct 17, 2016 · 30 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. October 2016 Corporate Presentation – Granite Oil Corp – slide 1
  2. October 2016 Corporate Presentation – Granite Oil Corp – slide 2
    Granite Long-term Stability, Organic Growth, Significant Exploration Upside 100% Alberta Bakken Oil player with 100% ownership of land and infrastructure Company-estimated 200 million barrels of conventional original oil in place…
  3. October 2016 Corporate Presentation – Granite Oil Corp – slide 3
    Market Facts Trading Symbols TSX GXO OTCQX GXOCF Common Shares Outstanding Basic (MM) 33.6 Fully Diluted (MM) 35.1 Insider Holdings Basic (%) 23 Fully Diluted (%) 25 Financial Highlights Market Capitalization (MM) *As at…
  4. October 2016 Corporate Presentation – Granite Oil Corp – slide 4
    The Asset 5
  5. October 2016 Corporate Presentation – Granite Oil Corp – slide 5
    GXO Bakken Asset Legend Granite Land Horizontal Well Gas Injector Vertical Well Gas Pipeline Oil Pipeline G R A N I T E O I L C O R P. 6
  6. October 2016 Corporate Presentation – Granite Oil Corp – slide 6
    Long-Life Development Drilling Inventory 200 MMbbls OOIP(1) Under Expanding EOR LEGEND Gas Injection Well Producing Oil Well Potential Future Gas Injector Future Drilling Location Existing EOR Approval Area Future EOR…
  7. October 2016 Corporate Presentation – Granite Oil Corp – slide 7
    Top-Tier Capital Efficiencies 500 TYPE WELL ECONOMICS (3) All-In Capex: 1.2 MM EUR (TPP): 196 mbbls 450 Capital Efficiency: 11,000 IP365 Lateral Length: 1,000 m Year One Average: 108 bbl/d Royalty: FH Sliding 5-30% 400 WTI/WCS…
  8. October 2016 Corporate Presentation – Granite Oil Corp – slide 8
    Rapid Optimization Resulting in Top-Tier Capital Efficiencies with Majority of Development Drilling Ahead 500 2.00 Drilling and Completion Cost (MM) 450 400 1.00 350 300 - Production (bbl/d) 9-24 5-19 10-25…
  9. October 2016 Corporate Presentation – Granite Oil Corp – slide 9
    Driving Down Costs: Fast and Permanent Adaptations to Low Commodities 2014 2015 2016 6.00 5.00 Drilling and Completion Cost (MM) 4.00 3.72 MM 3.00 2.67 MM 2.00 1.40 MM 1.00 - UWI
  10. October 2016 Corporate Presentation – Granite Oil Corp – slide 10
    Original EOR Area Case Study: Maximizing Recoveries and Efficiencies EOR Expansion & Full-Scale Development / Recovery 5.0 1800 Infill Development 4.5 1600 Pilot EOR 4.0 1400 Primary Decline 3.5 EOR 2.5 Section Case Study…
  11. October 2016 Corporate Presentation – Granite Oil Corp – slide 11
    Gas Injection Enhanced Oil Recovery
  12. October 2016 Corporate Presentation – Granite Oil Corp – slide 12
    Maximizing Recovery and Capital Efficiency Produced gas is re-injected into the oil reservoir to replace production voidage and provide pressure support for producing oil wells Gas injection is the ideal EOR method for Granites…
  13. October 2016 Corporate Presentation – Granite Oil Corp – slide 13
    Prioritizing Pool Re-Pressurization 25000 Pre-2015 Injectors Post-2015 Injectors Existing Injectors Stable Pressure 20000 Injection Pressure (kPa) 15000 10000 5000 0 Production Loss from Injection…
  14. October 2016 Corporate Presentation – Granite Oil Corp – slide 14
    Gas Injection EOR Process Dry Make-up Gas Compressor Compressed Gas Re-injected Separator 25% CO2 Produced Gas Produced Oil + Gas Oil to Sales EOR Basics Injected gas in the top of the reservoir increases/maintains…
  15. October 2016 Corporate Presentation – Granite Oil Corp – slide 15
    Optimizing Drilling for Long-Term Drainage Oil Production Gas Injection 10 m Gas Injected into the Top of the Reservoir Increases Pressure and Oil Mobility Limestone Cap Infill Production Wells at the base of the…
  16. October 2016 Corporate Presentation – Granite Oil Corp – slide 16
    Gas Injection Upside: Swanson River Oil Pool Analog Discovered in Apr. 1957; Drilling development largely completed by 1963 with 55 completed wells Gas injection pilot program started in 1962 in response to rapid pressure declines;…
  17. October 2016 Corporate Presentation – Granite Oil Corp – slide 17
    Future Opportunities
  18. October 2016 Corporate Presentation – Granite Oil Corp – slide 18
    Inventory of High-Impact Development/Exploration Opportunities LEGEND Granite Land Crown Land Acquisition PSK Land Acquisition PSK Option Land Agreement Gas Injection Well Producing Well G R A N I T E O I L C O R P. T S…
  19. October 2016 Corporate Presentation – Granite Oil Corp – slide 19
    Economics
  20. October 2016 Corporate Presentation – Granite Oil Corp – slide 20
    Go-forward Capital Focus: Development Drilling Land Workovers Land 3% Facilities 3% 0% Workovers 7% 3% Facilities 20% Drilling + Completions 74% Drilling + Completions 90% 2016 2017 & Forward G R A N I T E O I L…
  21. October 2016 Corporate Presentation – Granite Oil Corp – slide 21
    Three-Year Business Plan Dividend + Growth Cash Flow Hedges Capex Dividend Free Cash Flow Production Rate 45.0 3300 40.0 0 3250 35.0 8 30.0 3200 Daily Production Rate (Bbl/d) 25.0 14 14 3150 MM 20.0 38 15.0 30…
  22. October 2016 Corporate Presentation – Granite Oil Corp – slide 22
    Capital Budget Q4 2016 Guidance Q4 2016 CAPEX (MM CAD) 4.2 Q4 2016 Production (bbl/d) 3100 Monthly Dividend Per Share (CAD) 0.035 Exit Net Debt (MM CAD) 31 G R A N I T E O I L C O R P. T S X : G X O 23
  23. October 2016 Corporate Presentation – Granite Oil Corp – slide 23
    Hedges / Tax Pools 1,600 100 1,400 TAX POOL CATEGORY AMOUNT (MM) 1,200 COGPE 0.5 80 CDE 143.0 Hedge Prices (US/BBl)* Production Hedged (Bbl/d) 1,000 CEE 1.5 60 52.23 52.23 49.40 49.40 48.05 48.05 800 UCC 9.9…
  24. October 2016 Corporate Presentation – Granite Oil Corp – slide 24
    The Team
  25. October 2016 Corporate Presentation – Granite Oil Corp – slide 25
    Granite Oil Corp.s Team Management Team Michael Kabanuk President and Chief Executive Officer Michael is a Professional Engineer with 23 years of engineering and management experience in the oil and natural gas industry. Prior to…
  26. October 2016 Corporate Presentation – Granite Oil Corp – slide 26
    Granite Oil Corp.s Team Board of Directors Brendan Carrigy Chair Kevin Andrus Martin Cheyne Michael Kabanuk Henry Hamm Dennis Nerland Bradley Porter G R A N I T E O I L C O R P. T S X : G X O 27
  27. October 2016 Corporate Presentation – Granite Oil Corp – slide 27
    Contact Information Investor Inquiries: Jonathan Fleming Office: 587.349.9118 jfleminggraniteoil.ca Michael Kabanuk Office: 587.349.9123 mkabanukgraniteoil.ca Address: Livingston Place South Tower 432, 222 3rd Avenue SW Calgary, AB…
  28. October 2016 Corporate Presentation – Granite Oil Corp – slide 28
    APPENDIX
  29. October 2016 Corporate Presentation – Granite Oil Corp – slide 29
    Alberta Bakken Development Timeline EOR PILOT Test Secondary Recovery with gas injection EXPLORATION Design Infrastructure for MAXIMIZE RETURNS Alberta Bakken Discovery: Full-Scale Deployment Maximize Oil Recovery Reagan 1-3…
  30. October 2016 Corporate Presentation – Granite Oil Corp – slide 30
    Responsible and Efficient Operator Produced solution gas containing 25% CO2 is recycled and reinjected into the reservoir, diverting an estimated 18,900 tons of CO2(5) CO2 from the atmosphere per year - improving oil recovery…

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