Predictable & Sustainable Per Share Growth SEPTEMBER 2017 TVE : TS X www.tamarackvalley.ca 1
Key Indicators Leading to Self Sustainability Decline Rate 2016: 38% 2017: 32-33% Quality & Inventory Capital Efficiency 7+ years of 1.5 yr. or 2013-2016: 22,000+ less payback 2017: 18,000 Sustainable Per Share Growth High…
Tamarack Valley Key Strategic Guidelines Key Strategy & Principles: Company Snapshot: Growth company with a long term focus Corporate Internal processes and skills to grow to a much Share price September 5, 2017 2.46 larger size than…
First Half 2017 Success Delivering on Promises What we said we would accomplish: What we accomplished: 18,500-19,000 boe/d 18,572 boe/d (1,070 boe/d curtailed due to third party downtime) 75 mm capex 83 million capex Capital…
Key Financial Stats Improving Year Over Year 2016 Actuals 2017 Forecast YOY % Increase H1 2017 Actuals Average pricing 43.32/bbl WTI 49.25/bbl WTI 14% - Edm Par 51.69/bbl 60.00/bbl 16% 62.51/bbl AECO (monthly index) 2.00/GJ 2.45/GJ…
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…
Improving Capital Efficiency 60,000 60% 52% Capital Efficiency Closed Spur Acquisition Jan 11/17 50,000 % Corp. Decline 50% 51,590 Capital Efficiency* (boepd) Decline Rate (%) 37% Acquired 38% 40,000 Wilson Creek 40% Assets…
First Half 2017 Summary Q2 2017 Production BOE/D % Liquids Cardium oil 9,094 54% Viking oil 7,270 67% ALBERTA SASKATCHEWAN Penny oil 1,240 71% Other 1,732 37% Total 19,336 59% VIKING OIL Redwater H1/17 Capital Drills (net) Capex…
Wilson Creek Cardium Growth Through A Downturn 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…
2-Mile Cardium Wells Improving Capital Efficiencies Production Rate Over Time Production Rate Cumulative 800 800 55-60 Stages 75-80 Stages 700 700 110-120 Stages New Type Curve 600 600 Original Type Curve OIL PRODUCTION…
TVE Veteran Pressure Support Makes Viking Better UPPER VIKING UPPER SST-THICKER, TIGHT PERMEABILITY HAMILTON LAKE HIGHER PERMEABILITY ZONE WATER FLOODED IN 80S Q1/17 drills Q3/17 drills By drilling into the Viking and…
How Does TVEs Veteran Compare to Industry Viking TVE Wells vs. Sproule Consort Type Curves TVE Wells vs. Industry Viking Wells 100 35 Peer 1 2017 TVE Wells 140 90 Peer 2 Tier 3 Peer 3 30 80 Tier 4 120 Peer 4 Tier 5 Peer 5 70…
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) Delivering better than…
Appendix 19
Key 6 Month Objectives and Look-back What we did in Objectives for What we said we would do H1 2017 H2 2017 Averaged 18,872 boe/d (with 1,070 boe/d Average 18,500 19,000 boe/d H1/17 on 75 million Achieve production guidance by…
Veteran Viking 2017 Drilling Program Performance 300 Increased Pumping Equipment IP60 105 bbls/d H2/2017 Wells 58% increase to average average for H2/17 Veteran Field Average 250 production for wells that drills had pump upgrades…
Other Core Areas Wilson Creek Mannville Liquids Rich Gas Hatton Heavy Oil 700 800 600 700 600 Production (boe/d) 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 Q2…
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