Market Capitalization (1) 30 Million Basic Shares Outstanding (1) 109 Million Diluted Shares Outstanding (1) 127 Million Term Debt (1) (7.25% coupon, matures March 2022) 45 Million Syndicated Bank Credit Facility (1) 25 Million Net Bank…
Accomplishments to Date 2018 Objectives A team with a long history of expertise in Operating cost reduction of up to 20% per Foothills oil & gas operations BOE increases operating netbacks and NPV values Increased oil and gas production…
Average Production BOE/D Production (BOE/D) / Million Shares 20,000 180 17,500-18,500 16,000 A TRIPLING of production 150 Production (BOE/d) / Million Shares growth from 2017 to 2018 in a challenging pricing Average…
120,000 0.8 317% increase in Proved Reserves and 300% increase in PDP Reserves in 2017 90,000 0.6 Reserves (MBOE) BOE/share 60,000 0.4 30,000 0.2 - - 2014YE 2015YE 2016YE 2017YE PDP (MBOE) TP (MBOE) TPP (MBOE) TPP…
Reserves (MBOE) (1) PDP Proved Proved & Probable As at December 31, 2017 56,809 79,634 106,637 As at December 31, 2016 13,642 19,931 27,539 Percent Increase 316 % 300 % 287 % Reserves (NPV 10 - MM) (1) PDP Proved Proved & Probable As at…
25,000 25,000 Capital Efficiencies (/BOE/D) 23,578 22,746 Exit Production (BOE/D) 20,000 20,000 Capital Efficiencies (/BOE/d) Exit Production (BOE/d) 15,000 16,119 15,000 10,000 10,000 5,000 5,000 5,447 0 0 2014…
2017YE PDP, BOE & Enterprise Value EV EV (MM) PDP (MBOE) Gas Weighted Companies 2,000 100,000 56,809 1,500 75,000 EV (MM) PDP MBOE 1,000 50,000 88 500 25,000 0 0 IKM PNE SRX BXE CR NVA KEL AAV 2017YE PDP, NPV10% & EV…
IKM Legacy Lands 600 million of underutilized infrastructure; Includes working New IKM Lands interest 1,800 km of pipelines, 8 IKM Oil Pools major facilities and 13 minor facilities. Added 3,090 kilometres of 2D and 100 square…
3 Existing Light Oil Pools, numerous bypass zones; infill drilling and EOR projects on existing shallow Brown Creek Oil Pool pools Stolberg discovered on bypass reservoir data by Ikkuma team. All pools with EOR and step-out or infill…
400 Peak Prod. Rate (IP30) vs EUR Stolberg 350 Med River Lochend 300 Wll Grn Central Alberta Foothills Trend IKM, well 2(1) IP 30 (bbl/d) Edson NW Pemb. 250 Harme Anticipated Northern Alberta Foothills Ferrier 200 Trend…
Well Results of Deep Basin vs Foothills Illustrating the Impact of Natural Fractures (1) 14,000 Wilrich Deep Basin Horizontal 12,000 n= 42 IPeak Rate, P30 (Mcf/d) n= 13 n= 58 Wilrich (Mannville) 10,000 Foothills…
Chungo Trend Brown Creek Oil Pool 6X IMPROVED RECOVERY 30,000 FOR HZ WELLS Mcf, MMcf 20,000 B Cordel Oil Pool 10,000 Stolberg Oil Pool - A HZ Vertical IKM Land Oil Pool Peak Prod Rate (IP30, Mcf/d/well) TTL Production…
Identified BOE Adds, BC & Alberta Foothills GAS (BOE/d) OIL (BOE/d) Total BOE/d identified to date: 80,000 More than 200,000 BOE/d 79,000 UNRISKED TOTAL BOE/d 60,000 45,000 40,000 8,000 5,000 35,000…
Opportunity Rich Foothills Oil and Gas Large contiguous land base Significant light crude oil potential Ongoing low-cost optimization initiatives identified to improve productivity and reduce operating expenses 10% base decline…
MANAGEMENT BOARD OF DIRECTORS ANALYST COVERAGE Tim de Freitas Robert Dales (Chairman) Acumen Capital Trevor Reynolds President & CEO Dave Anderson Beacon Securities Kirk Wilson John Van de Pol Senior Vice President & CFO Dorothy Else…
Future Drilling Locations Unless otherwise specified, the information in this Corporate Presentation pertaining to potential drilling opportunities or drilling inventories is based solely on internal estimates made by management and such…