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November 2016 Corporate Presentation – Yangarra Resources Ltd.

Yangarra Resources Ltd. · Nov 30, 2016 · 28 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. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 1
    Corporate Presentation November 2016 TSX: TSX:YGR YGR
  2. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 2
    Corporate Snapshot Capitalization Reserves and Locations (2) Ticker TSX: YGR mmboe NPV10 (mm) Shares Outstanding (mm) Proved Developed 5.6 97.9 Basic 79.2 Total Proved 24.7 315.9 Options (weighted avg. price 1.48) 6.9 2P 40.6…
  3. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 3
    Corporate Strategy Prepare for future growth Acquire land at the low-end of the cycle Consolidate partner interests Secure infrastructure capacity Prepare and drill (one-well) pad-drilling sites; leaving significant torque to add 3…
  4. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 4
    People Management Team Jim Evaskevich, President & CEO Randall Faminow, VP, Land 30+ years extensive executive experience with strong 30+ years of experience in all aspects of oil and gas land work, operations background including…
  5. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 5
    Why Own Yangarra Top Decile Full Cycle rates of return Low-cost operator, high netbacks Cash costs totaled 12.71/boe Operating costs of 6.97boe Transportation costs of 1.17/boe Royalties of 1.14/boe (4% of revenue) G&A costs of…
  6. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 6
    Full Cycle Returns Capital allocation is determined based on narrowing the gap between half cycle and full cycle returns Half Cycle IRR Full Cycle IRR Full Cycle with Duvernay 90% 80% 70% 60% 50% IRR 40% 79% 67% 65% 30%…
  7. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 7
    F&D and Recycle Ratios Finding and Development Recycle Ratios 40.00 7.0x 35.00 6.0x 30.00 5.0x 25.00 4.0x /boe 20.00 3.0x 15.00 2.0x 10.00 5.00 1.0x - 0.0x 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014…
  8. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 8
    Low-Cost Driller Experienced drilling team Pad drilling from existing locations Long-term relationship with service providers Cemented liners and sliding sleeves reduce costs significantly Coil fracs without nitrogen require less…
  9. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 9
    Updated Completion Technology Sand Concentration Cemented liners and sliding sleeve 1,200 Tighter well frac spacing 1,000 KG of Sand/M3 Increased ability to target fracs 800 Better frac isolation No longer losing energy…
  10. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 10
    Impact of More Stages 350 Cumulative Production 300 05-17 10.30 Mbbl 12-17 12.52 Mbbl 250 Daily Oil Rate (bbl/d) 200 20% Improvement in IRR 150 100 50 0 0 20 40 60 80 100 120 140 160 180 200 Days on…
  11. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 11
    Impact of Extended Reach 350 Cumulative Production 300 04-09 10.29 Mbbl 13-09 17.87 Mbbl 250 Daily Oil Rate (bbl/d) 200 33% Improvement in IRR 150 100 50 0 0 20 40 60 80 100 120 140 160 180 200 Days on…
  12. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 12
    New Alberta Royalties For wells with TVD shallower than or equal to 2,000 metres C* () = 1,170*(TVD-249) + 800*TLL + 0.6*TVD*TPP For wells with TVD deeper than 2,000 metres C* () = 1,170*(TVD-249) + 3,120*(TVD-2,000) + 800*TLL +…
  13. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 13
    Well Economics (with MRF) 40/bbl 50/bbl 60/bbl WTI (USD/bbl) WTI (USD/bbl) WTI (USD/bbl) IRR (%) Payout IRR (%) Payout IRR (%) Payout Willesden Green (yrs) (yrs) (yrs) 1-Mile (2.5 million well cost) 18% 3.2 41% 1.6 70% 1.1…
  14. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 14
    Free Cash Flow Sensitivity 2017 Free Cash Flow 2017 Free Cash Flow (2.50/mcf Gas) (3.00/mcf Gas) 30,000,000 30,000,000 25,000,000 25,000,000 20,000,000 20,000,000 15,000,000 15,000,000 10,000,000 10,000,000 5,000,000…
  15. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 15
    Production Potential 10,000 9,000 8,000 7,000 6,000 Boe/d 5,000 4,000 3,000 2,000 1,000 0 Year 1 Year 2 Year 3 1-Rig 2-Rigs 3-Rigs TSX: YGR 15
  16. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 16
    Cardium Formation TSX: TSX:YGR YGR 16
  17. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 17
    Cardium Drilling Inventory (1) Drilling Locations (1-mile laterals) Proportionate (gross locations) 500 450 115 North 78 Ferrier 400 Locations Willesden 350 Green 84 2-mile Locations Locations 212 1-mile Locations 300…
  18. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 18
    Duvernay Formation 62 Hour flow test Gas rates ranged from 3.2 mmcf/d to 3.5 mmcf/d with a final rate of 3.4 mmcf/d Free condensate (60 API) rate of 50 100 bbl/mmcf with an average of 77 bbl/mmcf Water flow-back rate was 75…
  19. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 19
    Risk Management Program Oil Hedges 2016 400 bbl/d collar C73.45 WTI/bbl and a ceiling of C85.00 WTI/bbl 200 bbl/d at C64.45 WTI/bbl Oct Dec 2016 2017 200 bbl/d collar C65.00 WTI/bbl and a ceiling of C75.00 WTI/bbl 100 bbl/d at C70.00…
  20. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 20
    Analyst Coverage Acumen Capital Finance Partners Limited Industrial Alliance Securities Inc. Trevor Reynolds Michael Charlton Oil and Gas Research Analyst Research Analyst - Oil & Gas treynoldsacumencapital.com…
  21. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 21
    Appendix TSX: YGR 21
  22. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 22
    Interest Consolidation ConocoPhillips 3rd Party PennWest Farm-in 3rd Party Farm-in Relentless TSX: YGR 22
  23. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 23
    Glauconite Formation 35 36 31 32 33 34 35 36 31 32 33 34 35 36 31 32 33 34 35 36 31 32 33 34 35 36 31 32 33 34 35 36 31 32 33 34 35 36 31 32 33 34 6 5 4 3 2 26 25 30 29 28 27 26 25 30 29 28 27 26 25 30 29 28 27 26 25 30 29 28 27…
  24. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 24
    Creating Shareholder Value 500 450 400 350 300 250 200 150 100 50 0 2010 2011 2012 2013 2014 2015 Share Capital 2P NPV10 (less debt) TSX: YGR 24
  25. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 25
    Well Economics IRR - Well Cost Sensitivity Payout (yrs) - Well Cost Sensitivity 160% 1.8 140% 1.6 1.4 120% 1.2 100% 1.0 80% 0.8 60% 0.6 40% 0.4 20% 0.2 3.0 Million 2.7 Million 2.4 Million 2.1 Million 3.0 Million…
  26. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 26
    Sustainability Analysis Production Run Rate Production boe/d 3,000 3,500 Decline Rate % 30% 30% Annual Production Decline boe/d 900 1,050 Maintenance Capex Production Replacement boe/d 900 1,050 Capital Efficiency /boe/d 20,000…
  27. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 27
    Sustainability Analysis Production Run Rate Production boe/d 3,000 3,500 Decline Rate % 30% 30% Annual Production Decline boe/d 900 1,050 Maintenance Capex Production Replacement boe/d 900 1,050 Capital Efficiency /boe/d 20,000…
  28. November 2016 Corporate Presentation – Yangarra Resources Ltd. – slide 28
    Yangarra Resources Ltd. 1530, 715 5 Ave. SW Calgary, Alberta T2P 2X6 403-262-9558 TSX: YGR 30

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