Skip to main content September 2017 Company Presentation – Frontera Energy Corp. | Shale Experts
Loading...
Pm

September 2017 Company Presentation – Frontera Energy Corp.

Frontera Energy Corp. · Sep 11, 2017 · 31 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. September 2017 Company Presentation – Frontera Energy Corp. – slide 1
    The New Frontera September 2017
  2. September 2017 Company Presentation – Frontera Energy Corp. – slide 2
    Corporate Snapshot The New Frontera Capital Structure (June 30, 2017) Q217 Production Mix Shares Outstanding (FEC on TSX) 50MM Natural Gas Market Cap 1,300MM Heavy Oil 9% Cash and Cash Equivalents(1) 540MM / 439MM 72.4 38%…
  3. September 2017 Company Presentation – Frontera Energy Corp. – slide 3
    Second Quarter 2017 Operational & Financial Highlights Strong EBITDA and Cash Flow in Excess of Capital Expenditures Q217 Q117 PRODUCTION / REVENUE / PRICE Flat production helped by increased light and medium oil from Average Net…
  4. September 2017 Company Presentation – Frontera Energy Corp. – slide 4
    Well Recompletions Drive Improved Capital Efficiencies Cost Effective Production Additions 2017 Drilling Activity 2017 Drilling Program 40 50-60 Development Locations 35 80-90 Workovers and Well Services 30 3 Exploration Wells…
  5. September 2017 Company Presentation – Frontera Energy Corp. – slide 5
    2017 Guidance Reflects Comprehensive Asset Review 2%-9% Exit to Exit Production Growth, Balanced Capex and EBITDA 2017 Capital Expenditures Forecasts Other Forecasts Budgeted Capital Expenditures 250 - 300MM Operating EBITDA(1) 275…
  6. September 2017 Company Presentation – Frontera Energy Corp. – slide 6
    The New Frontera Strategy Balance Returns on Invested Capital, Growth, Oil Mix, and Geographies Returns Focused Development of Assets Exploration Upside Key Asset Areas: Key Prospects: Deep Llanos Guatiquia (Alligator 1x) Central…
  7. September 2017 Company Presentation – Frontera Energy Corp. – slide 7
    Strategic Review of Assets Portfolio Enhancement: Detailed Reservoir Study During the second quarter of 2017, consistent with the new progressive and disciplined approach to capital allocation, the Company made the strategic decision to…
  8. September 2017 Company Presentation – Frontera Energy Corp. – slide 8
    Leading Latin American Upstream Portfolio Diversified Portfolio of Production, Development and Exploration Frontera Production History (Mboe/d) 70 - 75 80 75.1 72.5 72.4 69.4 60 40 20 0 3Q'16 4Q'16 1Q'17 2Q'17 Exit Colombia Peru…
  9. September 2017 Company Presentation – Frontera Energy Corp. – slide 9
    Production & Development Optimization Quifa: Legacy Heavy Oil Asset Currently producing 25 Mbbl/d net 65 well infill program expected to largely mitigate short-term production decline 15 well vertical program targeting reserve…
  10. September 2017 Company Presentation – Frontera Energy Corp. – slide 10
    Production & Exploration Upside Guatiqua: Building on Deep Llanos Success Recent development success at Avispa-14, Avispa-8, Ardilla 2 and Ardilla 3 Drilling Ardilla 4 & injector, and Avispa-9, 11 & 12 in Q4, potentially two or three…
  11. September 2017 Company Presentation – Frontera Energy Corp. – slide 11
    Significant Exploration Upside Llanos 25: Acorazado Exploration Upside and Reserve Replacement Proven hydrocarbon fairway on trend with Cusiana & Cupiagua fields Potential high rate wells (10,000bbl/d unrisked)(1) 273 km2 of high…
  12. September 2017 Company Presentation – Frontera Energy Corp. – slide 12
    Production & Development Cubiro: Growing with Secondary Recovery & Enhanced Field Development. Recent development successes were horizontal wells is Copa-23H, Copa-26H, and Copa 29H Drilling Copa A Norte-4stH and Copa-27H in Q4 2017…
  13. September 2017 Company Presentation – Frontera Energy Corp. – slide 13
    Production & Exploration Upside CPE-6: Exploration Upside and Reserve Replacement Heavy oil field currently producing approximately 1,300 bbl/d Hamaca: two horizontal wells to be drilled by end 2017 Surrounding area covered with 3D…
  14. September 2017 Company Presentation – Frontera Energy Corp. – slide 14
    Production & Exploration Upside Block 192: Production Growth Opportunity Largest oil producing block in Peru: near- term production potential of 5 to 10 Mbbl/d Opportunity to add significant production and reserves by extending the…
  15. September 2017 Company Presentation – Frontera Energy Corp. – slide 15
    Unlocking Value: Asset Sale Summary Over 250 Million in Cost Savings Achieved to Date Below is a summary of all the non-core asset sales of exploration and production blocks executed by the Company to date; many are pending final…
  16. September 2017 Company Presentation – Frontera Energy Corp. – slide 16
    Unlocking Value: Monetizing Hidden Value Non-Core Midstream & Infrastructure Monetizable Assets PUERTO BAHA PETROELCTRICA DE LOS LLANOS(4) (41.8% Gross(1), 39.6% Net(2)) (100.0% Gross(1), 63.6% Net(2)) Other Major Shareholders:…
  17. September 2017 Company Presentation – Frontera Energy Corp. – slide 17
    Unlocking Value: Reducing Costs, Increasing Cash Flow Addressing Highly Fixed Transportation Costs Bicentenario PIPELINE(1) (43% Gross(2), 28.9% Net(3)) Runs from Araguaney to Banadia, connecting to Cao Limn-Coveas (CLC) pipeline…
  18. September 2017 Company Presentation – Frontera Energy Corp. – slide 18
    Balance Sheet Strength Cost Reduction Initiatives Continue Evolution of Frontera G&A Cost (/boe) Balance Sheet Metrics (June 30, 2017) 36% Debt to Book Cap 17.3% 6.34 Reduction (2) 5.37 Gross Debt/EBITDA(1) 0.9x 4.34 4.05 3.10…
  19. September 2017 Company Presentation – Frontera Energy Corp. – slide 19
    Liabilities Continue to Decrease Balance Sheet Improvement Continues Variation Variation (Q217 vs. (Q217 vs. 6,953 6,922 -85% Q216) Q117) 862 764 Others liabilities(1) Accounts payable -5% -8% 288 343 and accrued liabilities…
  20. September 2017 Company Presentation – Frontera Energy Corp. – slide 20
    Positive Working Capital Growing Working Capital, Normalized Sales and Payment Cycle Working capital Cash and cash equivalents Accounts receivable Inventories and others Cash and cash equivalents Trade receivable Crude oil inventory…
  21. September 2017 Company Presentation – Frontera Energy Corp. – slide 21
    Significant Value with Catalysts for Upside Frontera Trades at a Deep Discount to Peers, Unique Upside Opportunity Enterprise Value (EV) / 2017 EBITDA(1) EV / 2P Reserves ( per boe)(2) 20 8.0x Average 6.8x 6.6x Average 16.01 6.2x…
  22. September 2017 Company Presentation – Frontera Energy Corp. – slide 22
    Reasons to Own Frontera Significant Value with Catalysts 1. Compelling Discounted Valuation & Near-term Catalysts to Unlock Value: Contract renegotiations (Peru, Pipelines) Portfolio optimization through non-core asset dispositions…
  23. September 2017 Company Presentation – Frontera Energy Corp. – slide 23
    Appendix
  24. September 2017 Company Presentation – Frontera Energy Corp. – slide 24
    Restructuring Process and Go Forward Strategy Path to Increasing Equity Demand and Liquidity 2H 2017 aggressive Complete Creditor and Catalyst led marketing campaign restructuring completed Go-forward strategy reducing overall debt…
  25. September 2017 Company Presentation – Frontera Energy Corp. – slide 25
    Capital Markets Strategy and Planning Unlocking the Value with a Proven Plan Deliver on our Catalysts: Conference and Non Deal Roadshows in 2H Peru Extension / Renegotiation 2017 to target over 250 client interactions Production…
  26. September 2017 Company Presentation – Frontera Energy Corp. – slide 26
    Oil Hedge Instruments Summary 2017/2018 Protecting the Balance Sheet and Capital Program at 50 Brent FWD Sep 5th Floor Ceiling 60.00 59.60 60 USD/bbl 56.32 56.00 56 55.45 55.26 55.35 54.18 53.43 53.49 53.55 53.61 53.14…
  27. September 2017 Company Presentation – Frontera Energy Corp. – slide 27
    Transportation Commitments Summary Capacity and Commitments Balanced when Bicentenario Working Commitments Transportation (As per Note 16 of Financial Statements) (Take or Pay/Ship or Pay) 3,515 340 3,116 218 Other ToP(3) 288 59…
  28. September 2017 Company Presentation – Frontera Energy Corp. – slide 28
    2016 Reserves Revisions Prudently Reassessed Reserves, D&M and RPS Reviewed Economic write-down due to lower oil prices 291 38 40 36 14 6 171 9 5 6 Technical write-down 2015 2P 2016 Ro La Lote Z1 Other Quifa Guatiqua…
  29. September 2017 Company Presentation – Frontera Energy Corp. – slide 29
    Proven Management Team Latin American Expertise and Strategic Know How Barry Larson Over 40 years of oil & gas industry experience including 21 years of international experience CEO Former VP, Ops. & COO of Petro Andina and subsequently…
  30. September 2017 Company Presentation – Frontera Energy Corp. – slide 30
    Independent Board of Directors Engaged and Active in Generating Shareholder Value Gabriel de Alba Managing Director and Partner of The Catalyst Capital Group Inc. Chairman International experience restructuring public and private…
  31. September 2017 Company Presentation – Frontera Energy Corp. – slide 31
    INVESTOR RELATIONS CONTACT: Grayson M. Andersen Richard Oyelowo Corporate Vice President, Capital Markets Manager, Investor Relations Calle 110, No 9 25, Piso 16 333 Bay Street, Suite 1100 Bogota DC Toronto ON M5H 2R2 Colombia Canada +57…

From the store

Browse maps, data & reports in the Shale Experts store