A Growth-Oriented Oil and Gas Company in the Alberta and BC Foothills October 2014
Tim de Freitas President & CEO 24 years of experience as a structural geoscientist; 18 yrs in Canadian and International Foothills Co-Founder, VP Exploration & COO, Manitok Energy Talisman, British Gas, and others; Heavy oil and oil…
Corporate Summary: (IKM-V) Shares Outstanding (Basic / Diluted) 80.1 MM / 86.5 MM Working Capital(1) 22 MM Credit Facility (TD, NBF) 55 MM (undrawn) Tax Pools 142 MM Institutional Ownership 61% Directors and Management Ownership (Basic /…
Robert Dales (Chairman) Director: Celtic Exploration Ltd. (former), Kelt Exploration Ltd. and Arcan Resources Ltd. Charle Gamba, PhD President, CEO and Director: Canacol Energy Ltd. Director: Solimar Energy Ltd. William Guinan…
History Large underexploited (conventional and unconventional) resource, with focus on gas development for past 50+ years Recent discovery of a world-class oil reservoir (Stolberg), discovered by this team on bypass information…
Wells previously drilled into deep horizons provide valuable insight into the capability of the shallower zones these wells provide the bypass pay opportunities Natural fracturing not only allows for very prolific wells, but also…
Program Overview Bypass pay multi-zone gas potential Wilrich, Fahler, Cadomin, Cadotte, Dunvegan zones A 9 facilities, including significant working interests in two sweet gas plants 500 km of pipelines Low decline, late-life…
Program Overview Bypass pay multi-zone gas potential Wilrich, Fahler, Cadomin, Cadotte, Dunvegan zones Wilrich analogue well (vertical) cumd 24 Bcf(1) Fahler vertical well tested at 4.4 MMcf/d Bypass pay oil potential 8 near-term…
Greater than 500 km of operated pipelines gives Ikkuma several options to deliver gas to multiple processing points With increasing production, trunk line volumes may be managed more effectively Ownership in 3 gas plants and…
Vert Gas (Stage frac or unstimulated) Deep OIL Prd Cum Statistics Production Cum. Statistics mcf/d mmcf boe/d (boe) Mean 3,192 4,461 Mean 489 313,522 Swanson Mean 3,134 4,635 Swanson Mean 591 340,280 Median 2,235 3,349 Median 502…
Deep Oil Type Curve Type Well Assumptions & Economics Expectations Risk 600 8.0 Well Cost 5.5 MM 550 BOE/d GOR IP60 250 bbl/d 58% 7.0 500 Cum. 155 Mbbl 50% IRR 44% 450 6.0 Payout 1.5 Y 400 NPV10 3.2 MM Gas-to-Oil Ratio…
Vertical Manville Gas Type Curve Type Well Assumptions & Economics 3.5 7.0 Expectations Risk Mcf/d bbl/d Well Cost 6.5 MM IP30 5.0 MMcf/d 47% 3.0 6.0 Cum. 6 Bcf 57% IRR 43% 2.5 5.0 Payout 1.6 Y Oil Production (bbls/d) NPV10…
2014 / 2015 Corporate Guidance Total CAPEX 65 MM (1) Drilling 45 MM Land & Seismic 13 MM Optimiz. & Recomplete 7 MM OPEX 7.80/BOE Operating Netbacks 11.95/BOE 2015 Average Production 6,500 - 7,500 BOE/d 2015 Exit…
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Technical advancements have de-risked the complexity of identifying prospective structures New rotary steerable and down-hole real time imaging tools are critical for targeting complex reservoirs Structural modeling and technical…