EXPERTISE QUALITY INCOME TSX: EGL EAGLE ENERGY INC. Investor Presentation February 2017
Strategy Eagle is created to provide investors with a sustainable business while delivering stable production and overall growth through accretive investments and acquisitions. Eagles trusted management team brings Expertise an…
Corporate Profile Current Estimated Production 3,600 boe/d(1) 2016 Full Year Production Guidance 3,400 to 3,800 boe/d(1) Production Split 83% oil, 4% NGLs, 13% gas LMR 3.28(2) 2016 Ending Debt to Trailing Funds Flow 3.5x(3)…
Market Data Ticker TSX: EGL Shares Outstanding (basic) 42.5 million 52 Week Range 0.40 - 1.06 Recent price 0.75(1) Average daily trading volume (30 day) 55,420 shares Market Cap 31.8 million Notes: 1) TSX closing price on…
2016 Q3 Highlights Eagle is on track to post results at the upper end of our production guidance, the lower end of our operating cost guidance and as planned for our capital spend. Achieved quarterly production of 4,085 barrels of oil…
Credit Agreement On November 3, 2016, Eagle finalized its semi-annual borrowing base redetermination with the borrowing base of CA 70 million and all other terms and conditions, including the May 27, 2017 maturity date, remaining…
2016 Guidance Eagle remains on track to post 2016 production at the upper end of our guidance range and 2016 operating costs at the lower end of our guidance range. Eagles 2016 capital budget, average production and operating cost…
Exercising Fiscal Prudence and Discipline in a Low Commodity Price Market We forecast our 2016 year-end net debt to reduce to 59 million. This will afford Eagle over 10 million (or 16%) of headroom under our existing 70 million credit…
2016 Expected Funds Flow from Operations and Corporate Payout Ratio Eagles expected funds flow from operations and corporate payout ratio are calculated as follows: Amount Funds Flow from Operations 16.6 million (1,4) Basic…
2016 Sensitivities Sensitivity to Commodity Price 2016 Average WTI (Average Production = 3,800 boe/d) US 45.00 (F/X 1.32) US 50.00 (F/X 1.32) US 55.00 (F/X 1.32) Funds Flow from Operations 16.2 million 16.6 million 17.1 million…
2016 Capital Budget To the end of the third quarter of 2016, Eagle is 92% through its capital budget, with the program exceeding expectations from both a cost control and productivity perspective. Eagles 2016 capital budget is 5.0…
Our Properties Eagle owns stable, oil producing properties with development and exploitation potential located in Canada (Alberta) and in the US (Texas and Oklahoma). Dixonville Properties, AB: Appointed operator effective June 1,…
CDN Properties Dixonville (Alberta) 50 km from Peace River Appointed operator effective June 1, 2016 50% working interest in a horizontal oil waterflood in the Montney C Formation Primary development started in 2004 with full…
CDN Properties Dixonville (Alberta) A premier waterflood in Western Canada Low decline property Low abandonment liabilities due to long life asset Over the long term, plans are to leverage off internal waterflood expertise to…
CDN Properties Twining Field (Alberta) Pekisko Type Log 100/02-07-032-24W4/00 GR L1_SONIC_POROSITY_CALC CORE_KMAX_SHIFTED 0 150 0.15 -0.05 0.1 1000 CAL CORE_POROSITY_SHIFTED IL 125 375 0.15 -0.05 0.1 1000 1610 Lower MNVL…
CDN Properties Twining Field (Alberta) Interests in the largest Pekisko oil pool in the WCSB Twining Pekisko Pool Production History Significant upside potential 10 horizontal wells drilled to date with over 30 additional drilling…
CDN Properties Other - Western Canadian Sedimentary Basin Acquired interests in attractive Alberta plays located in the Over 50 WCSB effective January 27,2016 producing Royalty interest and non-operated non-operated working interest…
US Properties Salt Flat (Texas) Light oil producing o 35 API oil from the Edwards limestone formation, located in the Salt Flat field in Caldwell County, South Central Texas Acquired an 80% working interest in 2010 Low cost…
US Properties Hardeman (Texas & Oklahoma) Light oil producing o 45 API oil from the Chappel and Atoka Conglomerate formations located in Hardeman County, Texas and Greer, Harmon and Jackson Counties, Oklahoma 21,500 gross acres…
Hedging Program For 2017, hedges are in place covering 2,000 barrels of oil per day at an average WTI price of US 49.70/bbl For the remaining quarter of 2016, Eagle had 1,700 bbls/d hedged at an average WTI price of US 51.33 (which is…
2015 Year-End Reserves Highlights +10% Increase in year-over-year proved developed producing (PDP) reserves +14% Increase in year-over-year total proved reserves +16% Increase in year-over-year total proved plus probable…
2015 Year-End Reserves(1) Excellent year-over-year reserve performance Total proved plus probable reserves of approximately 18.6 million boe (70% proved, 58% proved producing) PV10 value on total proved plus probable reserves of…
Management Experience Eagles management team has an average of 25 years of experience Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Richard Clark Corporate Finance Law - Shiningbank…
Value Proposition Why Invest in Eagle Stable production base Capital discipline Experienced management team Focus on improving cost efficiencies 25
Management Richard Clark, B.A. (Econ), LLB, Director and Chief Executive Officer 19 years in the legal profession as a founding partner at a boutique oil and gas law firm, then 10 years at a Canadian national law firm, specializing in…
Management Continued Scott Lovett, M.Sc., MBA, P.Eng, Executive Vice President, Business Development 20 years experience in the oil and gas industry, including reservoir evaluations, acquisitions and divestments, business planning…
Board of Directors David Fitzpatrick, P.Eng., Chairman President and Chief Executive Officer, Veresen Midstream Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer…
Production History 4,500 4,000 Average WI Production per Quarter (boe/d) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2016 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15…
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