Predictable & Sustainable Per Share Growth NOVEMBER 2017 TVE : TSX 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 November 7, 2017 3.09 larger size than…
9 month 2017 Success Delivering on Promises What we said we would accomplish in 2017: What we accomplished to end of Q3/17: (Jan 18/17 press release) 19,000-20,000 boe/d; exit 21,000 boe/d later increased to 22,000 boe/d Oct 31 - Nov 7…
Key Financial Stats Improving Year Over Year 9 mo. 2017 2016 Actuals 2017 Forecast YOY % Increase Actuals Average pricing 43.32/bbl WTI 49.55/bbl WTI 14% - Edm Par 51.69/bbl 59.93/bbl 16% 60.66/bbl AECO (monthly index) 2.00/GJ…
Current Hedges Internal Report (as at Nov 7, 2017) Term Hedge Type Volume Pricing October 1, 2017 to December 31, 2017 WTI fixed price 2,000 bbls/d Cdn 70.83/bbl Q4 2017 average Cdn October 1, 2017 to December 31, 2017 WTI fixed…
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 Q3 2017 Production BOE/D % Liquids Cardium oil 7,737 54% Viking oil 8,474 69% ALBERTA SASKATCHEWAN Penny oil 1,283 71% Other 3,047 40% Total 20,541 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 Q3 2014…
2-Mile Cardium Wells Improving Capital Efficiencies Production Rate Over Time 800 Production Rate Cumulative 800 700 700 600 600 OIL PRODUCTION (BBLS/D) 500 500 OIL PRODUCTION (BBLS/D) 400 400 300 300 200…
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 45 45 2017 TVE Wells 2017 TVE Wells Tier 3 140 Peer 1 90 40 40 Tier 4 Peer 2 80 Tier 5 120 Peer 3…
Veteran Production Performance 6,000 Proposed 2018 Expanded Battery Capacity 10,000-12,500 BOE/d 5,500 Current Battery Capacity 5,000-5,500 BOE/d 5,000 4,500 4,000 3,500 BOE/d 3,000 2,500 Base Production 2017 Drills -…
Quick Payback Drilling Inventory…
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 18,572 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 IP90 of 87 bbls/d H2/2017 Wells 58% increase to average Veteran Field Average average for H2/17 250 production for wells that Q1 Type Curve drills…
Other Core Areas Wilson Creek Mannville Liquids Rich Gas Hatton Heavy Oil 800 1,000 700 Production (boe/d) 800 600 Production (boe/d) 500 600 400 400 300 200 200 100 0 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3…
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