OUR ASSET BASE We have a current inventory of over 1,550 drilling locations and are prepared to execute a drilling program following implementation of our Recapitalization plan and when macro economic conditions (commodity prices and…
PROPOSED RECAPITALIZATION PLAN Our proposed recapitalization is intended to be implemented by way of a corporate plan of arrangement under the Canada Business Corporations Act (CBCA) that will result in Secured and Unsecured Notes being…
DEBT COMPOSTION UNDER PROPOSED RECAPITALIZATION PLAN Assuming implementation of the Recapitalization plan, we expect to have at least 80 million of available liquidity after payment of closing fees and other costs Term Secured Credit…
1H 2016 GUIDANCE 1H 2016 results were in line with or better than forecasted 1H 2016 Revised (000s, except where noted and per share amounts) Guidance 1H Actual Results (May 4, 2016) Production (Six month average) Total (boe/d)…
Q2 2016 NETBACKS & HEDGING EFFECTS In Q2 2016, we realized a 2 million gain on crude oil and natural gas derivative contracts for a total operating netback of 20.00/boe Q2 2016 Operating Netback Plus Derivative Hedges 35 Q2 2016…
BAKKEN ASSETS Focus on optimization and EOR Our assets produce light oil from the Bakken and the conventional Mississippian formations with a relatively low decline rate. In 2016 we continued to focus on optimizing and expanding our…
IMPROVING TIGHT OIL RECOVERIES Future value generation through natural gas flooding With Bakken EOR projects we expect to: Bakken Attenuate declines and extend production life Increase DPIIP recovery factors from 15% to potentially…
CARDIUM ASSETS Generating positive operating cash flow Our extensive land base stretches from southwest LTS Land of Calgary to northwest of Edmonton and our LTS Batteries assets produce light oil from the Cardium Sales Gas Pipelines…
SPIRIT RIVER DEVELOPMENT By utilizing existing Cardium infrastructure, we achieve cost optimization We have 5 net liquids-rich Falher gas wells on production Stacked play potential with Notikewin and Falher Capital efficiencies of…
AB / BC ASSETS The Swan Hills provides us with another growth platform Light-oil play Proved productive capacity with infrastructure for growth Reserve bookings confirm long-term prospectivity Implemented EOR water flood in Q2 2016…
LONG-TERM WELL ECONOMICS We focus on well economics that reinforce our business model with quick payouts and strong capital efficiencies < 2 year capital payout 2 recycle ratio Business Unit Bakken Business Unit Cardium Alberta/BC Type…
LIGHTSTREAM TODAY PRESERVE LONG TERM EXTENSIVE ASSETS SHORT-TERM STRATEGY VALUE Extensive drilling Recapitalization plan Continue normal course inventory avoids selling assets in operations low commodity price CBCA…
Trading Symbol LTS: TSX Share Price (Sep 8, 2016) 0.12 Market Capitalization 24 million Shares Outstanding (Jun 30, 2016 Basic) 199 MM Total Debt (Jun 30, 2016) 1.57 billion Options/Incentive shares (Jun 30, 2016) 8.5 MM Enterprise…
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