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May 2018 Corporate Presentation – Traverse Energy, Inc.

Traverse Energy, Inc. · May 7, 2018 · 24 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. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 1
    Corporate Presentation May, 2018
  2. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 2
    Advisory This presentation is for informational purposes only and is not intended as a solicitation or offering of securities of Traverse Energy Ltd. (Traverse or TVL) in any jurisdiction. The material presented is not intended to…
  3. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 3
    Advisory Analogous Information Certain information in this presentation may constitute analogous information as defined in NI 51-101, including, but not limited to, information relating to the areas in geographical proximity to lands…
  4. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 4
    Corporate Market Summary TSXV: TVL Basic shares outstanding 103.5 million Fully diluted 112.9 million Insider ownership basic 24.1% Insider ownership fully diluted 27.5% Corporate Strategy Growth through the dill bit…
  5. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 5
    Highlights 2018 Q1 2017 2016 Financial ( thousands) Petroleum and natural gas revenue 1,979 10,023 7,220 Adjusted funds flow 614 4,238 1,723 Net loss (447) (5,006) (3,434) Capital expenditures 825 17,706 6,613 Working capital…
  6. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 6
    Reserves Reserves Summary1 Oil Gas NGLs Total % Oil & NGLs RLI Mbbl Mmcf Mbbl Mboe % years Proved developed producing (PDP) 526 3,003 36 1,063 53 4.2 Total proved 978 4,465 54 1,776 58 7.0 Total proved and probable (P+P) 1,222 5,626 68…
  7. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 7
    Areas of Activity Undeveloped Land Holdings (March 31, 2018) Gross Net Acres Acres Greater Coyote 92,600 92,600 Duvernay Shale Oil 89,000 89,000 Non Core 7,700 7,100 Turin 1,900 1,900 191,200 190,600 TVL land holdings are 86% Crown…
  8. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 8
    Development of the Duvernay Shale Oil Window The Duvernay East Shale Basin is a light oil resource play in the initial phase of development. Estimated potential of 7 to 18 MMbbls of original oil in West Shale place per section (BMO…
  9. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 9
    Duvernay Shale Oil Focus Area R03W5 R02W5 R01W5 R27W4 R26W4 R25W4 R24W4 R23W4 R22W4 R21W4 R20W4 T50 Core Land positions: T49 Chigwell T48 38, 340 Net Acres Crown and Freehold 1, 840 Acres Freehold Options T47 Pigeon Lake…
  10. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 10
    Chigwell Duvernay Shale Oil Development R25W4 R24W4 R23W4 Land Position: 38, 340 Net Acres Crown and Freehold 1, 840 Net Acres Freehold Options Large land base acquired in Chigwell RRX 02-20-043-25W4 area. T43 Traverses well at…
  11. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 11
    Duvernay East Shale Basin Log and Maturity Comparison Raging River Ferrybank Traverse Chigwell Vesta Joffre FERRYBANK AREA CHIGWELL AREA JOFFRE AREA Total Organic Content (TOC) 2.0-7.5 wt.% Total Organic Content (TOC) 2.0-5.9…
  12. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 12
    Traverse Duvernay Drilling and Completion Information TVL Chigwell 03-32-042-24W4 Total Well Length 4410 m MD Well Depth 2025 m TVD Drilling Period 15 days Frac Stages 44 Stimulated Length 2172 m (excluding burst port) of…
  13. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 13
    Duvernay East Shale Basin Type Curves 450 Traverse First Well Capital Costs: Drilling = 2.4mm 400 Completion = 5.8mm Tie-In = 0.7mm Total = 8.9mm 350 Calendar Oil Production, barrels/day 300 250 200 150 100…
  14. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 14
    Duvernay East Shale Basin Area Wells Normalized Fluid Rates 1600 1400 1200 Total Fluid Rate , barrels/day 1000 800 600 * 400 200 0 1 2 3 4 5 6 7 8 9 10 11 12 Months On Production * TVL 03-32-042-24W4…
  15. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 15
    Greater Coyote Area Undeveloped Land position: R20W4 R19W4 R18W4 R17W4 R16W4 R15W4 R14W4 R13W4 Coyote T32 30,830 Net Acres Michichi 16,800 Net acres T31 Watts 23,040 Net Acres Other T30 21,920 Net Acres Medium oil (34 APIo)…
  16. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 16
    Coyote Ellerslie Development Two horizontal wells and four R16W4 R15W4 vertical wells on production with T29 4 more horizontal locations T28 identified. 3D seismic coverage delineates pool. 00/15-36 B Existing…
  17. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 17
    Coyote Ellerslie Oil Type Curve 120,000 barrels oil, 333 MMscf sales gas 300 Type Curves Reflect: Optimal placement of horizontal wells within reservoir. Increased length of planned wells. 250 Improved frac techniques. Oil…
  18. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 18
    Coyote Mannville Lithic Channel Development R16W4 R15W4 Mannville Lithic Channel T29 pool is being developed T28 using horizontal wells. 3D seismic coverage and B well control delineates pool. 03/09-36 00/11-36 New wells…
  19. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 19
    Coyote Mannville Oil Type Curve 80,000 barrels oil, 436 MMscf sales gas 200 Type Curves Reflect: Optimal placement of horizontal wells within 180 reservoir. Increased length of planned wells. 160 Improved frac techniques. 140…
  20. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 20
    Watts Ellerslie Development Ellerslie oil production from unstimulated R15W4 reservoir. High permeability and excellent porosity. 3D seismic shot in 2017 compliments existing 2D seismic coverage and delineates pool for further…
  21. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 21
    Watts Ellerslie Oil Type Curve 70,000 Barrels Oil, 143 MMscf Sales Gas 125 Type Curves Reflect: Vertical Wells to develop pool. Well Stimulation as necessary. 07-29 will be fracd to improve productivity. 100 Oil Production,…
  22. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 22
    Turin R19W4 Low decline production from Sunburst sands. Existing infrastructure with an oil battery equipped with water disposal, sweetening, gas compression, a sales gas line and gathering system. Conducting seismic and…
  23. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 23
    Corporate Information Management Bank Laurie J. Smith Alberta Treasury Branch President & Chief Executive Officer Auditor David H. Erickson KPMG LLP VP and Chief Operating Officer Legal Counsel Sharon A. Supple Osler, Hoskin &…
  24. May 2018 Corporate Presentation – Traverse Energy, Inc. – slide 24

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