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March 2018 Investor Presentation – Altura Energy Inc.

Altura Energy Inc. · Mar 26, 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. March 2018 Investor Presentation – Altura Energy Inc. – slide 1
    March 2018 David Burghardt, President & CEO Tel 403-984-5195 Cell 587-998-1462 dburghardtalturaenergy.ca Tavis Carlson, VP Finance, CFO Tel 403-984-5196 Cell 403-619-0087 tcarlsonalturaenergy.ca www.alturaenergy.ca 1
  2. March 2018 Investor Presentation – Altura Energy Inc. – slide 2
    Market Summary TSX Venture Listing ATU Shares Outstanding 108.9 million basic (insiders 9.9%) 125.9 million diluted (insiders 22.0%) Market Capitalization(1)/ Enterprise Value 37.6 million / 41.3 million Q4 2017 Net Debt(2) 3.7 million…
  3. March 2018 Investor Presentation – Altura Energy Inc. – slide 3
    Maintain debt to funds Apply new well from operations at less technologies to exploit than 1.0 times oil pools having large Simple capital original oil in place(1) structure of equity and and low recovery bank debt factors to date…
  4. March 2018 Investor Presentation – Altura Energy Inc. – slide 4
    Upper Mannville Sparky and Rex reservoirs are equivalent in geological time to Spirit River Notikewin, Falher and Wilrich reservoirs Altura technical competency covers both east central and west central plains 44
  5. March 2018 Investor Presentation – Altura Energy Inc. – slide 5
    Quarterly Production Annual Production(1) 1,400 12.0 1,400 12.0 1,260 1,200 1,200 10.0 10.0 1,202 1,128 1,000 1,000 988 8.0 8.0 800 800 6.0 6.0 600 600 574 4.0 4.0 400 400 361 2.0 2.0 200 200 - -…
  6. March 2018 Investor Presentation – Altura Energy Inc. – slide 6
    /boe 50.00 45.00 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 - Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Royalties Operating Transportation G&A Interest & Exploration Revenue Total cash costs…
  7. March 2018 Investor Presentation – Altura Energy Inc. – slide 7
    Leduc-Woodbend 60 100% WI sections of land capture 1.5-mile wells are 69% IRR based on US63/bbl WTI Macklin 9.5 100% WI sections of land capture 89% IRR based on US63/bbl WTI Eyehill Strong cash generator for Altura Waterflood…
  8. March 2018 Investor Presentation – Altura Energy Inc. – slide 8
    6.7 net booked drilling locations and up OOIP(1) internal estimates Pool 700 MMSTB to 112 potential drilling opportunities at 4 North Area Altura Lands 400 MMSTB Cum to date 0.05 MMSTB wells per section Recovery Factors Current 0%…
  9. March 2018 Investor Presentation – Altura Energy Inc. – slide 9
    LWB 1.5 Mile Crown Hz MSF LWB 1.5 Mile ERH Rate vs Time Type Curve AB MRF Economics (1) 550 102/13-14-049-26W4 Price Forecast McDaniel US63/bbl 500 Shut-in due to 3rd party gas plant operational issues Q1 2018 WTI Flat 450…
  10. March 2018 Investor Presentation – Altura Energy Inc. – slide 10
    9.5 sections 100% WI OOIP(1) internal estimates Pool 100 MMSTB Altura Lands 63 MMSTB 6 net booked drilling locations and Cum to date 340 MSTB up to 40 net One-Mile Hz MSF Recovery Factors Current 0% potential drilling…
  11. March 2018 Investor Presentation – Altura Energy Inc. – slide 11
    Macklin One-Mile Hz MSF MacklinMacklin WellPerformance Performance Type Curve Saskatchewan Economics (1) 125 Price Forecast McDaniel Q1 US63/bbl Expected Type Curve 2018 WTI Flat 100 DCET Capital 1,050,000 1,050,000 1st Month…
  12. March 2018 Investor Presentation – Altura Energy Inc. – slide 12
    2 sections 100% WI Eyehill 28 API Sparky oil Sparky Producers Sparky Injectors 2 net booked drilling locations Altura Lands and 1 net potential drilling Sparky Pool opportunity targeting the Potential Drilling Opportunity…
  13. March 2018 Investor Presentation – Altura Energy Inc. – slide 13
    Surge 100/03-14-037-03W4 Sparky Injector 800 350,000 In October 2014, Surge Energy Inc 700 (Surge) initiated a waterflood pilot in the CD Oil, Gas, Inj Wtr (bbl/d, mcf/d, %) 300,000 600 250,000 Sparky at Eyehill by converting a…
  14. March 2018 Investor Presentation – Altura Energy Inc. – slide 14
    1.9 net sections Wildmere Sparky Producers 15API Sparky oil Altura Lands Sparky Pool 6 gross (3.9 net) booked drilling 3D Seismic locations and 8 gross (5 net) Potential Drilling Opportunity potential drilling opportunities…
  15. March 2018 Investor Presentation – Altura Energy Inc. – slide 15
    Wildmere One-Mile WildmereHz ODL Well Type Well Performance Performance Wildmere One-Mile Hz ODL 140 Type Curve Economics (1) Price Forecast McDaniel US63/bbl 120 Q1 2018 WTI Flat DCET Capital 800,000 800,000 100 1st Month IP 78…
  16. March 2018 Investor Presentation – Altura Energy Inc. – slide 16
    Killam 28API Rex oil U Mnvl Producers Altura Lands 10% annual decline rate U Mnvl Pool 3D Seismic 7.3 sections 100% WI Potential Drilling Opportunity 4 net booked drilling locations and 8 net potential drilling opportunities on…
  17. March 2018 Investor Presentation – Altura Energy Inc. – slide 17
    Net Net Pool Net Current Proved & Potential BT WI OOIP(1) OOIP(1) RF Probable Drilling DCET NPV10% Payout IRR Area % API MMSTB MMSTB % Locations Opportunities M M Years % Eyehill 100% 28 176 18 1.2 2 1 1,000 2,000 0.6 200 Wildmere…
  18. March 2018 Investor Presentation – Altura Energy Inc. – slide 18
    Altura is positioned to: Execute the 2018 capital investment program of 15 million to generate a DCET capital efficiency of 17,000/boepd Achieve a 2018 forecasted average production of 1,260 boepd, representing 12% year-over-year…
  19. March 2018 Investor Presentation – Altura Energy Inc. – slide 19
    Slide 2 (1) Market capitalization is based on Alturas March 21, 2018 closing share price of 0.345 per share (2) Net debt is at December 31, 2017 (3) 2018 production guidance provided in the December 14, 2017 news release (4) 2018…
  20. March 2018 Investor Presentation – Altura Energy Inc. – slide 20
    FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements which may include estimates of future production, cash flows and reserves, business plans for drilling and exploration and the estimated amounts and timing…
  21. March 2018 Investor Presentation – Altura Energy Inc. – slide 21
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  22. March 2018 Investor Presentation – Altura Energy Inc. – slide 22
    Management Previous Experience David Burghardt, President & CEO, Director Vermilion, Kerogen, Bison, Northstar, Chevron Tavis Carlson, VP Finance & CFO Manitok, Bellamont, ARC Rob Pinckston, VP Exploration Vermilion, Highpine, Tempest,…
  23. March 2018 Investor Presentation – Altura Energy Inc. – slide 23
    McDaniel US63/bbl WTI Flat Q1 2018 WTI WTI- WTI WTI- US/bbl WCS f/x US/bbl WCS f/x Diff. Diff. US/bbl US/bbl 2018 58.50 17.50 0.79 63.00 20.00 0.78 2019 58.70 13.67 0.79 63.00 15.00 0.78 2020 62.40 13.28 0.80 63.00 15.00 0.78 2021…
  24. March 2018 Investor Presentation – Altura Energy Inc. – slide 24
    December 31, 2017 Reserves (1) Reserve Category Oil & NGLS Gas Total NPV BT10% (Mbbl) (MMcf) (Mboe) (M) Proved Producing 1,230.7 2,183.2 1,594.5 28,832 Proved non-producing 113.1 (98.5) 96.6 3,068 Proved Undeveloped 1,159.8 1,538.4…
  25. March 2018 Investor Presentation – Altura Energy Inc. – slide 25
    Q416 Q117 Q217 Q317 Q417 Average Production boepd 988 1,015 1,205 1,088 1,202 Oil and NGL weighting 85% 85% 85% 84% 82% Per BOE: PNG Revenue 45.20 45.62 43.77 41.38 44.22 Royalties (3.67) (4.20) (4.41) (3.70) (3.24) Operating &…
  26. March 2018 Investor Presentation – Altura Energy Inc. – slide 26
    12 Month Average Daily Volume and Share Price 400,000 70 65 350,000 60 55 300,000 Average shares traded/day 50 Cents/share, WTI USD/Bbl 45 250,000 40 200,000 35 30 150,000 25 20 100,000 15 10 50,000 5…
  27. March 2018 Investor Presentation – Altura Energy Inc. – slide 27
    Offering Non Brokered Private Placement Gross Proceeds 24.6MM Common Share & Unit Price 0.3375 per share Investor Participation Approximately 21.2MM Mgmt & BOD Participation Approximately 3.4MM Warrants to Mgmt & BOD Warrant price of…
  28. March 2018 Investor Presentation – Altura Energy Inc. – slide 28
    EXCHANGE LISTING TSX Venture Exchange Trading Symbol: ATU TRANSFER AGENT Computershare Trust Company of Canada Calgary, Alberta ANALYST COVERAGE LEGAL Stikeman Elliott LLP Acumen Capital Partners Calgary, Alberta Trevor Reynolds…
  29. March 2018 Investor Presentation – Altura Energy Inc. – slide 29
    Altura Energy Inc. 200, 640 5th Avenue SW Calgary, Alberta T2P 3G4 www.alturaenergy.ca David Burghardt Tavis Carlson President & CEO VP Finance & CFO Tel 403-984-5195 Tel 403-984-5196 Cell 587-998-1462 Cell 403-619-0087…

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