SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH NOVEMBER 2014
Company Snapshot 3 Stock symbol SPE - TSX Market capitaliza6on(1) 809 million Enterprise value(1)(2) 888 million Current produc6on (Nov 13, 2014) 8,600 boe/d Oil & liquids weigh6ng 93% Net debt(3) 79 million Credit…
Corporate Strategy 4 Spartans strategy is to acquire and develop high quality assets which will generate signicant free cash ow over a reasonable period of 6me. Per share growth through accre6ve acquisi6ons complemented by…
High Netback Light Oil 5 Alexander Dodsland SE Saskatchewan
SE Sask Assets Key Areas 6 Mair/Redvers Crystal Hill FROBISHER / ALIDA Wordsworth Greater Queensdale Conven6onal Mississippian light oil Emerging Midale frac play Pinto Ownership and control of key…
SE Sask Robust Well Economics 7 Midale Frac Type Well(1) Open Hole Frobisher Type Well (Freehold) (Crown) (Freehold) (Crown) IP30 (bopd) 120 120 60 60 EUR (Mboe) 77 (100% oil) 79 (100% oil) 60 (96% oil) 62 (96% oil)…
Dominant Land Posi[on Along Frobisher/Alida Fairway 9 SPE Land (Apr 14) Closed Acquisi6ons Wordsworth/ Bualo Head Greater Queensdale Large OOIP; low recovery factor Large inventory of development loca6ons…
Emerging Midale Poten[al 10 Midale Erosional Edge Pinto Workman ElcoQ / Florence Emerging Midale frac play SPE Land Light oil Aug 11 Land Sale High impact conven[onal asset which u[lizes unconven[onal…
2014 Budget Guidance(1) 11 Capital 84 million Average produc6on (boe/d) 5,700 (94% oil & liquids) Exit produc6on (boe/d) 8,900 9,100 (93% oil & liquids) (2) Cash ow (funds from opera6ons) 88 million(3) Year-end net debt…
Management 14 RICHARD (RICK) MCHARDY, B.Comm., LLB., - President & CEO 18+ years experience in M&A /securi6es maMers and oil and gas President, CEO Spartan Oil Corp., President, CEO Spartan Explora6on Ltd., President, Titan…
15 BOARD OF DIRECTORS BANKER Michael Stark Na6onal Bank Chairman Independent Businessman Don Archibald EVALUATION ENGINEERS Independent Businessman Sproule Associates Limited Reg Greenslade Independent Businessman REGISTRAR &…
Analyst Coverage 16 AltaCorp Capital Inc. (Thomas MaMhews) Clarus Securi[es Inc. (Daniel Choi) Cormark Securi[es Inc. (Amir Arif) Desjardins Capital Markets (Kristopher Zack) Dundee Capital Markets (Brian Kristjansen)…
17 Contact Informa6on Head Oce Suite 500, 850 2nd Street SW Calgary, Alberta T2P 0R8 Telephone: 403-355-8920 Facsimile: 403-355-2779 E-mail: infospartanenergy.ca
APPENDIX SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH NOVEMBER 2014
Spartan Oil 269% ROI (18 months) Overview Price Event Chart Formed through the spin-out of certain Cardium assets and SE Saskatchewan assets from Spartan 6.00 June 1, 2011: Completion of Feb 21, 2012: Announcement of…
Spartan Explora[on 500% ROI (36 months) Overview Price Event Chart 4.50 2,700,000 Spartan Explora6on was formed in Q1-2008 with a March 2008: 5.2MM non- April 1, 2011: Sold to Penn West for 228MM (6.00/share) brokered financing…