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Enercom Dallas 2018 – Elk Petroleum Limited

Elk Petroleum Limited · Feb 22, 2018 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Enercom Dallas 2018 – Elk Petroleum Limited – slide 1
    EnerCom Dallas 2018 Elk Petroleum - An emerging Rockies CO2 EOR producer Investor Presentation 22 February 2018 (ASX:ELK)
  2. Enercom Dallas 2018 – Elk Petroleum Limited – slide 2
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 2 Corporate Overview Conventional Focused on redevelopment of conventional oil fields through enhanced oil recovery (EOR) Oil Elk is the 2nd biggest ASX Mid-Tier Oil & Gas…
  3. Enercom Dallas 2018 – Elk Petroleum Limited – slide 3
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 3 Elk 12-Month Share Price Financial Snapshot Financial Overview Current Market capitalization1 USD 165m PV10 USD 420m Long term debt USD 175m Debt to EBITDA 3.0x R/P…
  4. Enercom Dallas 2018 – Elk Petroleum Limited – slide 4
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 4 Our core assets Wyoming Our new asset Utah Vast CO2 reserves, extensive CO2 infrastructure, multiple CO2 EOR operating projects and numerous new projects for…
  5. Enercom Dallas 2018 – Elk Petroleum Limited – slide 5
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 5 Elk is one of the largest ASX E&P Mid-Caps Not all reserves are created equal 2P Reserves (mmboe) 4 100 90 84 100% of Elks Reserves 80 75 79 70 15 are conventional…
  6. Enercom Dallas 2018 – Elk Petroleum Limited – slide 6
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 6 Operator with a highly experienced team Elk has taken on all of staff across all areas of Aneth field operation and head office management approximately 120 Denver/Rockies…
  7. Enercom Dallas 2018 – Elk Petroleum Limited – slide 7
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 7 Delivering significant Reserves growth Pro-forma Reserves by Asset (mmboe) 2P Reserves Reserve additions are: Proved (1P) Reserves 90 All high value liquids 80 27.6…
  8. Enercom Dallas 2018 – Elk Petroleum Limited – slide 8
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 8 Delivering significant production growth Substantial increase in Quarter-on-Quarter production more than doubled Previous financial quarter (Q1 2018 to Q2 2018) 800…
  9. Enercom Dallas 2018 – Elk Petroleum Limited – slide 9
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 9 Significant opportunity for further growth Pro-forma Production by Asset (mmboe) 6.0 5.3 5.4 Production supported by high quality, low decline assets 5.0 4.5 1.3 1.4…
  10. Enercom Dallas 2018 – Elk Petroleum Limited – slide 10
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 10 Foundations For Further Growth CO2 Sources CO2 & Production Infrastructure EOR Project Fields Direct investment in Ownership & Oil & CO2 pipelines, CO2 supplies…
  11. Enercom Dallas 2018 – Elk Petroleum Limited – slide 11
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 11 CO2 EOR A material business in the Rockies Elk well established in the Northern Rockies CO2 Cumulative Oil Production (MMBO) Northern Rockies EOR Production Fairway…
  12. Enercom Dallas 2018 – Elk Petroleum Limited – slide 12
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 12 Greater Aneth Oil Field Overview World class giant oil field ranked by EIA as the 86th biggest oil field in US One of 3 biggest CO2 EOR projects in Rocky Mountains…
  13. Enercom Dallas 2018 – Elk Petroleum Limited – slide 13
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 13 History of Aneth field History of Aneth Field Long history of continuous oil production since late 1950s Discovered 1956 Historical operators include Texaco, Mobil and…
  14. Enercom Dallas 2018 – Elk Petroleum Limited – slide 14
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 14 Organic Growth Opportunities at Aneth Significant growth projects funded from operating cash flow that can add a further 6,000bopd Elk Net Production 1 Increase CO2…
  15. Enercom Dallas 2018 – Elk Petroleum Limited – slide 15
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 15 Madden/Lost Cabin - Overview Asset overview and ownership Madden/Lost Cabin Project Economics (US) Conventional natural gas production asset with profitable CO2 and…
  16. Enercom Dallas 2018 – Elk Petroleum Limited – slide 16
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 16 Madden/Lost Cabin - Overview (continued) Madden Gas Field: Madden anticline discovered in 1959, first gas train constructed in late 1990s and third gas train constructed…
  17. Enercom Dallas 2018 – Elk Petroleum Limited – slide 17
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 17 Grieve Project - Overview Asset overview and ownership Grieve Project Economics (US) Carbon Dioxide Enhanced Oil Recovery (CO2 EOR) Project life 20 years project-…
  18. Enercom Dallas 2018 – Elk Petroleum Limited – slide 18
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 18 Key Takeaways Investing in Elk Only ASX-listed oil company focussed on enhanced oil Elk Key Metrics recovery Core projects located in the prolific Rocky Mountain PDP…
  19. Enercom Dallas 2018 – Elk Petroleum Limited – slide 19
    Appendices
  20. Enercom Dallas 2018 – Elk Petroleum Limited – slide 20
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 20 Reserves Tables Madden/Lost Cabin Project Reserves & Resources Aneth Reserves & Resources (Elk Net) 30th June 2017 30th June 2017 BCF MMBOE (MMbbl) Gross Net PDP…
  21. Enercom Dallas 2018 – Elk Petroleum Limited – slide 21
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 21 Hedge protection Details as of 30 Sept 2017 4Q17 2018 2019 2020 WTI NYMEX Volumes Hedged (Bbls/d) - 4,200 4,000 3,800 Fixed-Price Swaps Swap Price (/Bbl) - 47.7…
  22. Enercom Dallas 2018 – Elk Petroleum Limited – slide 22
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 22 Sustainable capital structure Debt / LTM EBITDA (x) 1,2 Highly predictable, long life production 10 8.4x 8 6.6x 6.6x and cash flow allow Elk to use less 6 3.7x 3.8x…
  23. Enercom Dallas 2018 – Elk Petroleum Limited – slide 23
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update Production Elks share of production for the quarter ended 31 December 2017 with appropriate comparatives Production (post royalty) Three months ended Year to date Project…
  24. Enercom Dallas 2018 – Elk Petroleum Limited – slide 24
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update Production Rates Average daily production rates (100% project) for the quarter ended 31 December 2017 with appropriate comparatives Production rates 100% project Remarks…
  25. Enercom Dallas 2018 – Elk Petroleum Limited – slide 25
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update Revenue Elks share of sales and operating revenue for the quarter ended 31 December 2017 with appropriate comparatives Revenue (US million) Year to date Three months ended…
  26. Enercom Dallas 2018 – Elk Petroleum Limited – slide 26
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update Expenditure Elks share of sales and operating revenue for the quarter ended 31 December 2017 with appropriate comparatives Expenditure (US million) Three months ended Year…
  27. Enercom Dallas 2018 – Elk Petroleum Limited – slide 27
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update Realized Prices Realized product prices for the quarter ended 31 December 2017 with appropriate comparatives (in US dollars) Production Three months ended Three months…
  28. Enercom Dallas 2018 – Elk Petroleum Limited – slide 28
    ELK PETROLEUM LIMITED EnerCom Dallas 2018 Corporate Update 28 Competent Persons Statement The reserves and resources assessment follows the guidelines set forth by the Society of Petroleum Engineers Petroleum Resource Management…
  29. Enercom Dallas 2018 – Elk Petroleum Limited – slide 29
    Elk Petroleum Limited Exchange House Level 1, Suite 101 10 Bridge Street Sydney NSW AUSTRALIA

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