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June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd. · Jun 22, 2017 · 12 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. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 1
    Poised for Predictable and Sustainable Per Share Growth Annual and General Meeting JUNE 22,2017 TVE : TSX www.tamarackvalley.ca 1
  2. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 2
    Tamarack is Well Positioned 2016 Highlights Acquisitions in strategic plays with infrastructure has lead to subsequent organic growth through drilling Significant debt reduction and unwavering focus on cost control contributed to…
  3. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 3
    2016 Financial & Operating Highlights Financial: Operating: 47% reduction in net debt from Annual average production of 98MM to 52MM 10,344 boe/d versus 8,448 boe/d Increased credit facility from 120MM Decreased opex by 9% to to…
  4. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 4
    Tamarack Valley Strategy & Guiding Principles Strategy: Principles: Growth company with a long term focus Full cycle rate of return focused Target repeatable and predictable plays Own and operate infrastructure to to ensure…
  5. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 5
    Record First Quarter with Viking Integrated Q1 Best Quarter of Delivery Yet: Second Quarter: Integrated operations and increased Coleville plant shut down production to 20,000 boe/d (April Lost only a few days of oil avg.) production…
  6. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 6
    Historical Capital Efficiency 350 Total CAPEX 289 300 % of D,C&E 250 CAPEX (millions) 200 165 150 141 107 88% 100 43% 58 50 72% 31% 37% 0 2013 2014 2015 2016 2017 Corporate Capital Efficiency* (000s/boepd) 2013…
  7. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 7
    First Quarter Update at 20,000 boe/d April 2017 Production* BOE/D % Liquids Cardium oil 8,570 54% ALBERTA Viking oil 8,220 63% Penny 1,280 71% SASKATCHEWAN Other 1,930 37% VIKING OIL Total 20,000 58% * Based on field estimates…
  8. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 8
    Wilson Creek / Alder Flats Cardium Closed PWT 8,000 acquisition 7,000 Closed Suncor acquisition 6,000 Production (boe/d) 5,000 4,000 3,000 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 2014…
  9. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 9
    Veteran / Milton Viking Oil 7,000 6,000 Closed Spur 5,000 Production (boe/d) 4,000 3,000 Redwater Viking 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 Drill 44 ERH Viking oil wells in Milton…
  10. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 10
    2017 Veteran Drilling Update 2017 Horizontal Wells Q1/17 drills 120 H2/17 drills Average 100 Original TC Risked 90% 80 bbl/d 60 40 Cum prodn 90 days = 5,000 20 bbls of oil 0 1 21 41 61 81 101 Days on Production…
  11. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 11
    Summary Lever Off Strengths - Historical Operational Execution: Delivered better than guided results on three major asset acquisitions over the past 3 years (Wilson Creek Cardium and Redwater Viking, Penny) On our way to delivering…
  12. June 2017 Annual and General Meeting – Tamarack Valley Energy Ltd. – slide 12
    National Bank Financial- May 2017 13

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