MARQUEE SNAPSHOT Corporate Profile Operating Summary Q2 Average Production 3,024 boe/d (44% oil & liquids) 2017 CAPEX 1 21.7 mm (9 new drills, 4 refracks) Base Decline 22% Financial and Debt Summary Net Debt (as of June 30,…
RECENT DEVELOPMENTS 2017 Strategic Initiatives to Date Drilled, completed, and equipped 3 light oil horizontal Banff wells at Michichi in Q1 2017 The new wells came on production in early April with higher than forecast production…
MARQUEE INVESTMENT HIGHLIGHTS Positioned for Sustainable Growth Scalable and repeatable drilling results Quality Asset Large oil in place; DPIIP 370 million barrels 1 with Deep Low risk development; proven fairway with 200 vertical…
OIL FOCUSED ASSET IS DELINEATED Proven Resource Development Play Significant Resource 3D Seismic 370 million barrels of DPIIP 1 Delineated by 200 vertical and 86 horizontal Banff Banff Oil producers and extensive 3D seismic…
MICHICHI WELL PERFORMANCE IS PREDICTABLE Expected Results Based on 30 Fracked Horizontal Wells Drilled Prior to End of 2016 Michichi Well Performance (BOE/D) Average Well Expectations IP30 (boe/d) 187 IP60 (boe/d) 175 300 IP90…
BANFF ECONOMICS ARE COMPELLING New drilling has significant profitability TORQUE with higher operating netbacks / lower operating expenses than the current low decline base production Michichi Banff Well Half Cycle Economics Currency…
RISKED EXPLORATION NAV (RENAV) Significant Value Upside in Marquee Inventory Company MQX RMP NBZ IPO YGR SGY TVE BNE CPG WCP GXO SPE GXE CJ TOG RRX Price (/sh.)(1) 0.08 0.64 3.26 1.54 2.99 2.17 2.25 16.01 11.71 9.33 4.86 2.14 0.75 5.31…
PEER GROUP METRICS Marquee is Undervalued 9.0x 2018E EV/DACF (x) 8.0x 7.0x 2018E EV/DACF (x) 6.0x 5.0x 4.0x 3.0x 2.0x 1.0x 0.0x VET WCP PGF RRX VII BNE GXO CPG PWT SPE SGY CJ TOG BTE TVE GXE MQX PPR JOY ERF IPO PXX…
DRILLING AND COMPLETION COSTS ARE DECREASING Continuous Improvement Drilling Cost Per Metre 900 Advancements to Marquees drilling design and operations 800 process have successfully 700 decreased drilling costs over 600 time.…
WHY OWN MARQUEE Marquee is Positioned to Create Value for Shareholders Proven resource play Significant Oil in Place Quality Asset Scalable and repeatable Low base decline Dedicated to increasing financial flexibility Balance…
APPENDIX Marquees three well pad drilled in Q1 2017 12
PLAY SIZE COMPARISONS Boulder Belly River RMP Waskahigan Marquee Multizone Surge Oil Pay Shaunavon Fairway Granite Oil Alberta Bakken Peer Plays 10km 10km (to scale, from recent presentations) 13
MARQUEE GROWTH IS SUSTAINABLE One Rig Incremental Development Scenario - US50/bbl WTI (does not include base production) 5,000 BOE/D Production Profile 100 Net Operating Income, Millions C 4,000 80 Incremental BOE/D…
HORIZONTAL VERSUS VERTICAL Horizontal drilling into reservoirs proven through vertical drilling significantly enhances oil recovery Significant Offset Well Information Cumulative production Michichi fairway has 650 vertical well…
MARQUEE HEDGES As of June 30, 2017 Term Hedge Type Counterparty Volume Pricing July 1, 2017 to Sep 30, 2017 WTI fixed price National Bank 250 bbls/d USD 55.00/bbl July 1, 2017 to Sep 30, 2017 WTI costless collar National Bank 200…
EXPERIENCED MANAGEMENT TEAM More than 170 years of combined experience, over half with junior explorers and producers Richard Thompson, President & CEO (since 2011) Former Executive Vice President/Director of Cequence Energy Ltd. from…
MARQUEE BOARD OF DIRECTORS Dr. William Roach, (chair) B.Sc, Ph.D, C.Eng, MIM, Peng. President and CEO of Cavalier Energy Inc., a private oil sands company Former President and CEO of UTS Energy Managed Husky Energys operations on the…
Loading...
