November 2016 Manitok Energy Inc. is a public oil and gas exploration and development company focused on quasi- conventional light crude oil in Southern Alberta and conventional light oil and gas reservoirs in the Canadian Foothills.…
Key Highlights: Manitok Energy Inc. (Manitok) Trading Symbols - TSXV: MEI and US OTC: MKRYF Recent acquisition of approximately 1,750 boe/d is a Game Changer for Manitok; Acquired at an exceptional valuation of approximately 9,000 per…
Management Strength: Achievements Setting Up Growth in 2017 Trading Symbols - TSXV: MEI and US OTC: MKRYF The level of successful activity demonstrates Managements ability to operate in very difficult conditions. Acquired 16,000 mboe of…
Corporate Overview and Capitalization Market Capitalization at 0.13/share 30 million Enterprise Value 104.2 million Production 6,500 boe/d (38% Oil) Enterprise Value per Flowing boe 16,000 Proved plus Probable (2P) Reserves 28,409 Mboe…
Manitok Oil Plays are Top Tier North American Oil Plays Oil Plays are Economic to Drill at Current Low Oil Prices Manitok Play Type Sensitivity to Oil Price 210% Carseland LG Wayne LG 185% 180% Stolberg Cardium Basal Quartz 165%…
Assets SE Alberta Lithic Glauc Oil Focus on Extensive Horizontal Lithic Glauc Oil Drilling Inventory 140 Hz Lithic Glauc (LG) Drilling Locations Wayne Beiseker 1-20 Battery Drilling success at both Carseland and Rockyford has…
Assets Carseland Lithic Glauc (LG) Oil 2016 Gas Plant Acquisition Will Lower Operating Costs and Increase Development Pace Carseland Area Map LG Economic to Drill at Lower Oil Prices 100% working interest, and operator, in gas plant,…
Assets Wayne Lithic Glauc Oil Wayne Lithic Glauc Oil Play to be Drilled in Q4 2016 Wayne Area Map Lithic Glauc Economic at Lower Oil Prices Manitok operated 1-20 Wayne oil battery; mostly 100% working interest rights in the area; 60…
Assets West Central Alberta Acquired Cardium Oil Assets in Willesden Green Similar to Stolberg Manitok West Central Alberta Operator at Stolberg and Pembina Willesden Green; Geological and operational synergies; 73,900 gross (43,100…
Assets West Central Alberta Stolberg Upside Increased with Q1 2016 Acquisition and Anticipated EOR Plan Stacked Reservoirs in Undeveloped Land_ Future locations Multi-well pad drilling; Cardium Oil, extension of Stolberg trend;…
Assets Stolberg and Willesden Green Well Economics Outstanding Drilling Economics at Currently Low Commodity Prices Stolberg Horizontal (Hz) Cardium Oil Notikewin Gas - Hz Well Economics 1styr. Operating Netback / boe 28.35 1styr.…
Manitok Undervalued Given Transactions Closed to Date Significant Reserves Value Post Acquisition Corporate Reserves Post Acquisition Year-End 2015 Based on Reserves Evaluations as at December 31, 2015 - Sproule Forecast Pricing (see…
Growth Potential of Manitoks Drilling Inventory (DI) Significant Drilling Value Even at Low Oil and Gas Prices Number of Net NPV 10% of Plays Drilling Each Location(1) Risk Total NPV 10% Locations (Millions) Adjustment (Millions)…
Appendix 16
Introduction Board of Directors Bruno Geremia, CA VP Finance & CFO, Birchcliff Energy (BIR TSX) Massimo Geremia President & CEO, Manitok Energy (MEI TSXV) Keith McLeod, P.Eng. Former Director, Partner, and CEO of Sproule…
Introduction Experienced Management Team Massimo Geremia 27 years of public company experience in Oil and Gas, Real Estate and Finance; previously President & CEO with Birchcliff Energy Ltd., Equatorial Energy Inc. & Boardwalk Equities…
Strip Commodity Price Deck - October 18, 2016 Created October 18, 2016 Mid-market as of AECO CAD/GJ NYMEX NG WTI WTI CAD/USD close of business USD/MMBtu USD/Bbl CAD/Bbl 17-Oct-16 Q4 2016 3.024 3.363 50.80 66.66 1.312 CAL17…
Sproule Price Deck - January 1, 2016 SPROULE ASSOCIATES LTD. SUMMARY OF PRICE FORECASTS, INFLATION and EXCHANGE RATES Light Crude Oil Natural Gas and Liquids 1 WTI Canadian Edmonton Cushing Light Sweet Henry Hub Ethane Edmonton…
Asset Analysis West Central Alberta 100 m Pembina 5 km Notikewin Stolberg analogue (1) , section from North Appleby Field, Texas (from Bridge and Tye, 2000) Spirit River Group Stacked reservoirs: Spirit River Production…
Stolberg Cardium F Pool - EOR Project TVD (m) 1200 1350 Horizontal Gas Injector well used Cardium F Pool to inject associated gas back into Gas Cape Height reservoir. 275 meters 1500 CURRENT GAS OIL CONTACT Cardium Sand…
Assets Cordel / Stolberg Low Cost Reserves additions at Stolberg Cardium F Pool - EOR Project Stolberg Cardium F Pool Oil Production Rate History and Forecasts Stolberg Cardium F Pool Cumulative Oil Production History and…
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