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The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd. · Aug 15, 2017 · 22 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. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 1
    Poised for Predictable & Sustainable Per Share Growth EnerCom The Oil & Gas Conference 22 AUGUST 15 & 16, 2017 TVE : TSX www.tamarackvalley.ca 1
  2. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 2
    Tamarack Valley Strategy & Guiding Principles Strategy: Principles: Growth company with a long term focus Full cycle rate of return focused Multi-play strategy ensures risk Internal processes and skills to management through diversity…
  3. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 3
    First Half 2017 Success What we said wed accomplish: What we accomplished: 18,500-19,000 boe/d for H1/17 on 75MM capex, with H1 averaged 18,572 boe/d despite 1,070 boe/d curtailed capital efficiencies of 19,000/boepd and 32-33% due to…
  4. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 4
    Record Second Quarter 2017 Highlights Financial Highlights: Increased funds flow per share by 15% year over year Reduced debt by 8% in Q2/17 over Q1/17 reducing debt to funds flow to 1.1 times Recorded earnings second quarter in a…
  5. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 5
    First Half 2017 Financial Stats per BOE 2016 Actuals 2017 Budget 2017 Outlook H1 2017 Actuals Average pricing 43.32/bbl WTI 55.00/bbl WTI 49.25/bbl WTI Edm Par 51.69/bbl 64.47/bbl 60.00/bbl 62.51/bbl AECO (monthly index) 2.00/GJ…
  6. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 6
    Tamarack Corporate Snapshot TVE : TSX Operational 2017 Guidance Corporate Average production (boe/d) 19,000 20,000 Shares outstanding (mm) 227.7 % Liquids average production 55 60 Fully diluted (mm) 238.0 Exit Q4 avg. production…
  7. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 7
    Sustainability and 2018 Growth Sensitivities Maintenance Scenario Growth Scenario Oil (USWTI) 45.00 50.00 50.00 50.00 FX (Cdn/US) 0.80 0.80 0.80 0.80 Oil (CdnWTI) 56.25 62.50 62.50 62.50 AECO (Cdn/GJ) 2.55 2.55 2.55 2.55 Funds flow…
  8. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 8
    Current Hedges as at August 10, 2017 Term Hedge Type Volume Cdn Pricing July 1, 2017 to September 30, 2017 WTI fixed price 2,700 bbls/d Cdn 69.24/bbl H2 2017 average Cdn October 1, 2017 to December 31, 2017 WTI fixed price 2,600…
  9. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 9
    First Half 2017 Summary Q2 2017 Production BOE/D % Liquids Cardium oil 9,094 54% ALBERTA Viking oil 7,270 67% Penny oil 1,240 71% SASKATCHEWAN Heavy oil 524 90% VIKING OIL Mannville Gas 484 14% Other 724 14% CARDIUM OIL Redwater…
  10. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 10
    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…
  11. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 11
    Wilson Creek / Alder Flats Cardium Closed PWT 9,000 acquisition 8,000 Closed Suncor 7,000 acquisition Production (boe/d) 6,000 5,000 4,000 3,000 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014 2015 2016…
  12. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 12
    Wilson Creek 2-Mile Cardium Wells 600 55 Stages 85 Stages 500 115 Stages Original Type curve OIL PRODUCTION (BBLS/D) 400 New Type curve 300 200 100 0 0 2 4 6 8 10 12 14 16 18 20 22 24 MONTHS 43% improvement in…
  13. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 13
    Veteran / Milton Viking Oil 8,000 7,000 Closed Spur 6,000 Production (boe/d) 5,000 4,000 Redwater Viking 3,000 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2015 2016 2017 2015 2016 H1 2017 8+ years drilling inventory…
  14. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 14
    2017 Veteran Drilling Update Q1/17 drills Q3/17 drills Q1 infrastructure Q3 infrastructure Drill 35-40 ERH Viking oil wells in Veteran in H2/17 Current Veteran throughput at 55% of facility oil capacity Water disposal well &…
  15. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 15
    Veteran Viking 2017 Drilling Program Performance 300 Increased Pumping Equipment IP40 105 bbls/d 58% increase to average average for H2/17 H2/2017 Wells production for wells that 250 drills Veteran Field Average had pump…
  16. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 16
    Why is Tamaracks Veteran Viking Better TVE Wells vs. Sproule Consort TC's 100 50 UPPER VIKING HZ TARGET 2017 TVE Wells UPPER SST-THICKER, FINE TO 90 Tier 3 - 32kbbls 45 MEDIUM GRAINED DECENT Tier 4- 40kbbls PERMEABILITY NEGELECTED…
  17. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 17
    Other Core Areas Wilson Creek Mannville Liquids Rich Gas Hatton Heavy Oil 700 800 700 600 Production (boe/d) 600 500 Production (boe/d) 500 400 400 300 300 200 200 100 100 0 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1…
  18. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 18
    Quick Payback Drilling Inventory…
  19. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 19
    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…
  20. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 20
    Appendix 21
  21. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 21
    Viking Inventory Expansion A Great Start Number Locations (Gross) Total Lateral Length (km) 700 52 666 700 647 (35) 48 639 (16) 93 94 (75) 600 600 +9% +35% 506 (34) 500 (12) 37 500 400 400 300 300 200 200 100 100 72…
  22. The Enercom Oil and Gas Conference August 2017 – Tamarack Valley Energy Ltd. – slide 22
    Key 6 Month Objectives and Look-back What we did in Objectives for What we said we would do Q3 2016 / Q4 2016 H1 2017 Produced over 11,100 boe/d in H2/16, capital in- Average 18,500 19,000 boe/d H1/17 on 75 H2/16 prodn average…

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