Ironhorse Snapshot Stock listing TSX.V:IOG Total shares 27.9 million Management ownership 14% July 21, 2017 share price 0.09 Market capitalization 2.5 million Q1/17 average daily production 164 boe/d Q1/17 working capital…
Ironhorse Today Positioned for sustainability during period of low commodity prices Pembina production Shareholder focus Ironhorse derives Ironhorse continues to production and cash flow consider all options to from Pembinas…
The Path to Production 2006 Development begins in Pembina July 2016 Restart of production 2008 Well licence application 2008-2013 2013 January 2016 Regulatory delays AER approval Production shut-in TSX: V: IOG IRONHORSE OIL…
Q1 2017 in Review Achieved production of 164 boe/d for Q1 2017, within the expected range of 140 to 170 boe/d. Production would have been higher if the Nisku L2L Pool had not been shut in for 10 days in March due to a third party…
Operations Overview Balsam Liquids rich gas Pembina On production TSX: V: IOG IRONHORSE OIL AND GAS 6
A Closer Look at Pembina Nisku light oil - 42 API High deliverability wells with waterflood Sinopec Canada completed a battery expansion in Pembina on March 9, 2015 allowing production and cash flow from the Nisku L2L pool to…
Pembina Production History Q1 2014 Ironhorse initiates production from Nisku L2L Pool Q2 2014 Production restricted to 30 BOEPD due to limited blend gas Q3 2014 Production increases to 86 BOEPD with new blend gas supply Q3 2014…
Nisku L2L Oil Pool is Pipeline Connected TSX: V: IOG IRONHORSE OIL AND GAS 9
Complete Gathering System A complete gathering system is in place to transport production from the L2L Pool to the Keyera gas plant Nisku L2L Pool Keyera Gas Plant TSX: V: IOG IRONHORSE OIL AND GAS 10
Net Asset Value Based on Reserves Net Asset Value before Income tax December 31, 2016 December 31, 2015 Discounted at 10% (M) Net present value 9,162 10,538 proved and probable reserves1 Net working capital 2,788 2,915 Net asset…
Why Ironhorse Financial strength Lean structure Cash on hand with Minimal capital no debt expenditures required Ongoing at Pembina production and Sustainable Sinopec's facility cash flow from upgrades are Pembina complete…
Contact Information Larry Parks, President & CEO Karen Hutson, VP Finance & CFO Suite 1000, 324 8th Ave SW Calgary, AB T2P 2Z2 (403) 296-9600 www.ihorse.ca TSX: V: IOG IRONHORSE OIL AND GAS 13
Forward-looking Information Certain information regarding Ironhorse Oil & Gas Inc. (Ironhorse) included in this presentation including managements assessment of production rates, timing of capital expenditures and on-stream dates,…
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