EnerCom 22nd Oil & Gas Conference August 13th 17th, 2017 TSX : IPO OTCQX: IPOOF
Investment Highlights(1) Transformational 2016 deals provide InPlay with concentrated, premier light oil, large oil in place assets High netback, low decline, focused in the Cardium and positioned to deliver sustainable per share…
Corporate Snapshot OPERATING SUMMARY 2017 Average Production (oil & liquids weighting) 4,000-4,200 boe/d (68%) 2017 drilling plans ( wells) 11 (9.1 net) Remaining to come on production (including one 2-mile well) 2 (2.0 net)…
2016 Year End Reserves & Efficiency Highlights Reserve Highlights Value Production BOE RLI(1) PV10% Replacement (Mboe) (Years) (1000s) (%) Proved Developed Producing 7,304 113,639 691 5.7 Total Proved 16,579 201,295 1,621 13.0…
Management and Directors Management Directors Strong Technically and Value Creators Strong and Experienced Industry Board Doug Bartole, P. Eng., ICD.D Dennis Nerland, LLB, ICD.D President and CEO, Director Dale Shwed Kevin…
Low Decline Cardium Focused Producer Net Drilling Production(1) Liquids Formations Inventory(2) Cardium Pembina 2,425 78% 140 Willesden Green 1,300 58% 60 Belly River Cardium 74% Cardium production ALBERTA Duvernay Oil - -…
Greater Pembina Production 2,425 boed (78% liquids) 1,775 boed Cardium 650 boed Belly River C34 field netback at US55 WTI 2017 Activity Drilled 4.1 net Cardium horizontals Remaining to be completed 1.0 net Upside Potential 140…
Pembina Cardium Pool Resurgence Largest conventional oil pool in Canada with 9.4 billion barrels of oil in place as estimated by the Alberta Energy Regulator Only 17% recovery to date Successfully produced and flooded since…
00/01-33-041-07W5/0 Willesden Green Cardium KB: 1001.9 m RR: 2001-10-28 Production TD: 2529.0 m [TVD] FormTD: NRDG Mode: Flow Fluid: Gas 1,300 boed from Cardium (58% liquids) YANGARRA FERRIER 1-33-41-7 Focus on drilling oily areas…
History of Driving Costs Down Drilling and Completions Operating Expenses 70 500 30 60 25 400 50 Monobore drilling 20 OPEX /BOE 300 with sliding sleeves 40 has reduced 1-mile 15 30 D&C costs to 200 1.4mm (+ 250K of…
East Basin Duvernay Oil Emerging Play Substantial recent industry interest in play (Artis, Vesta, Raging River) Shallow Depth Approximately 31mm spent in area at landsales in 2017 = manageable well costs Prices of up to 1mm per…
2017 Forecast(1) H2 Shift in capital to Willesden Green Commodity Price Assumptions(1) WTI Oil Price (US/bbl) 50.00 Edmonton Par (C/bbl) 64.52 AECO Gas Price (/GJ) 2.63 Operational Forecast Average Production (boed) (% liquids)…
Pro Forma Net Asset Value NET ASSET VALUE (December 31, 2016) PDP 10% 1P 10% 2P 10% (1000s) (1000s) (1000s) Reserves Value (Before Tax)(1,2) 113,639 201,295 317,311 Undeveloped Land & Seismic Value(2) 17,520 FMV of Hedges Dec…
Summary Technically strong, efficient, Cardium focused light oil producer Dedicated to maintaining financial flexibility Built for sustainability in a volatile commodity price environment Strong balance sheet, high netback, low…
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InPlay Team Strong Technically and Value Creators Doug Bartole, President and CEO and Director, P. Eng., ICD.D (over 23 years) Founder, President and CEO of Vero Energy; VP Operations of True Energy; Management and Engineering roles…
InPlay Team Strong and Experienced Board Doug Bartole, P. Eng., ICD.D President and CEO of InPlay Oil Dennis Nerland, LLB, ICD.D Founding partner of Shea Nerland Calnan LLP. Founder and Director of Invicta Energy Current Director…
Contact Us Doug Bartole President and CEO 587.955.0632 DougbInPlayoil.com 920, 640 5th Avenue SW Calgary, AB T2P 3G4 www.inplayoil.com 22