Market Capitalization (1) 31 Million Term Debt (1) (7.25% coupon, matures March 2022) 45 Million Net Bank Debt (1) (bank debt and working capital deficiency) 16 Million Enterprise Value 92 Million Basic Shares Outstanding (1) 109 Million…
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 16,500-17,500 16,000 A near three fold increase 150 Production (BOE/d) / Million Shares in production from 2017 to 2018 in a challenging pricing…
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 1,500 75,000 EV (MM) PDP MBOE 56,809 1,000 50,000 92 500 25,000 0 0 IKM PNE SRX BXE CR NVA KEL AAV 2017YE PDP, NPV10% &…
Reserve Evaluator /Share, Debt Adjusted, Gas Weighted Producers 25.00 100% 90% 20.00 80% 70% 15.00 60% Value/Share 50% % GAS 10.00 40% 30% 5.00 20% 10% - IKM 0% IKM PONY PNE AAV PEY BIR CR BXE BNP NVA KEL…
Record storage 17/18 gas withdrawal: unprecedented April storage withdrawal (first time in history with 3 weeks of gas withdrawal); record 1 week withdrawal (359 Bcf) This was deemed in normal winter, based on HDD Alberta was…
Export of US Gas south to Mexico was 4.53 Bcf/d Wednesday (May 29th, 2018), surpassing a previous record set in March, an increase in 36% in a week (TD May, 2018); few months ago the EIA was predicting declining pipeline export gas…
In Q1 AECO oversupply was bailed out and demand remains strong (Q1 exports high, and 17/18 cold winter depleted storage) 0.2 Bcf/d undersupply for 2018, taking gas off TCPL export pipelines (TPH(1), March, 2018) Cannot fill storage…
High decline asset bases need backfill drilling programs; asset declines exceeding 50%. Present wedge has 39% decline Some negatives High supply, at least presently, with limited egress/export, particularly upstream of James River 16%…
Est. 2018 capex: gas-weighted companies 7.1 bln(1) Western Canada Basin decline will increase each year; Basin Decline is 3.4 Bcf/d, 21% (NBF, April 2018; Geoscout); Assuming reasonable capital efficiencies (15-20,000/BOE/d)…
El Nio/La Nia: impacts the amount of cold weather which encompasses North America, typically stalling polar outbreaks and reducing HDD(1) and thus natural gas demand However for winter 2018-19 predictions are unreliable at this point…
2018/19 WINTER WEATHER Reputable business reporting now questioning climate hysteria Investor Business Daily Scientific studies showing: The Big Chill from February 2106 to February 2018, reflecting a high degree of linkage between…
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…
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