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August 2018 Corporate Presentation – Granite Oil Corp

Granite Oil Corp · Aug 2, 2018 · 15 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. August 2018 Corporate Presentation – Granite Oil Corp – slide 1
    August 2018
  2. August 2018 Corporate Presentation – Granite Oil Corp – slide 2
    MARKET FACTS Trading Symbols TSX GXO OTCQX GXOCF Monthly Dividend Per Share () 0.023 Financial Highlights Market Capitalization (MM) As at closing 08/08/2018 87 Credit Facility (MM) 50 Net Debt (MM)* 47.1 *As at Q2 unaudited…
  3. August 2018 Corporate Presentation – Granite Oil Corp – slide 3
    WHOLLY OWNED, PURE PLAY, CONCENTRATED, LARGE OIL RESOURCE Large Alberta Bakken Oil Pool in a 30 mile, 80 section 100/14-21-003-16W4 oil fairway T10 Bakken Up To: GXO Upper Bakken Sand 14 m Thick 100% ownership and no competitive…
  4. August 2018 Corporate Presentation – Granite Oil Corp – slide 4
    HISTORICAL DRILLING AND RESERVE RESULTS WELL PERFORMANCE SINCE 2015 TESTING SPACING AND BUILDING A FORMULA 600 500 Oil Production (bbl/d) 400 300 2018 Well - 400 m spacing 200 2018 Well - 200 m spacing AVERAGE DOWNSPACING…
  5. August 2018 Corporate Presentation – Granite Oil Corp – slide 5
    DEVELOPING AN EARLY LIFE CYCLE POOL TO MAXIMIZE RETURNS HISTORICAL PRODUCTION AND CAPITAL EFFICIENCY SUCCESS 101,000 6000 120,000 91,000 84,000 5000 100,000 Total Capital Investment (M) Total Lateral Meters Drilled…
  6. August 2018 Corporate Presentation – Granite Oil Corp – slide 6
    GAS INJECTION EOR PROCESS GRANITE BAKKEN EOR BASICS Injecting gas in the top of the reservoir Increases/maintains reservoir pressure Adding gas to undersaturated oil Decreases viscosity and increases oil mobility Keeping the CO2 in…
  7. August 2018 Corporate Presentation – Granite Oil Corp – slide 7
    Recovery Factor (%) *Sproule Oil Production (mbbl/d) Oil Production (mbbl/d) Gas Production G R A2012 20% 40% 60% 80% 100% 0% (mmcf/d) Gas Production (mmcf/d) Injected Injected (mmcf/d) Gas(mmcf/d) Gas…
  8. August 2018 Corporate Presentation – Granite Oil Corp – slide 8
    TOP TIER WELL ECONOMICS 400 TYPE CURVE ECONOMICS SUMMARY(4) 350 300 Oil Production (bbl/d) Average Payout 0.7 years 250 Internal GXO 2500-3000m Average NPV 10% BT 3.96 m 200 Historical Performance 2500-3000m (27 Wells) Average…
  9. August 2018 Corporate Presentation – Granite Oil Corp – slide 9
    SIGNIFICANT DRILLING INVENTORY GO-FORWARD DEVELOPMENT PLAN LONG-TERM, SLOW GROWTH MODEL 85 potential Bakken well locations on 200 m offset spacing(3) Drilling 5 wells per year allows for 16 years of future development LEGEND…
  10. August 2018 Corporate Presentation – Granite Oil Corp – slide 10
    GO-FORWARD DEVELOPMENT PLAN 3,000 30 Average Daily Production 2,500 25 Capex (MM) 2,000 20 (boe/d) 1,500 15 1,000 10 500 5 0 0 2018 2019 2020 2021 2022 Production (bbl/d) 2,080 2,046 2,137 2,171 2,229 WTI (USD)…
  11. August 2018 Corporate Presentation – Granite Oil Corp – slide 11
    SUMMARY Large Oil-in-Place 33 section delineated oil pool in a 30 mile, 80 section oil fairway Early Life Cycle Only recovered 2.2% to date(2) Efficient Recovery Formula 228 MMbbls of OOIP(1) under an effective gas injection…
  12. August 2018 Corporate Presentation – Granite Oil Corp – slide 12
    CONTACT INFORMATION Investor Inquiries: Michael Kabanuk President and CEO Office: 587.349.9123 mkabanukgraniteoil.ca Tyler Klatt Vice President, Exploration Office: 587.349.9125 tklattgraniteoil.ca Address: Jamieson Place…
  13. August 2018 Corporate Presentation – Granite Oil Corp – slide 13
    CAPITAL BUDGET 2H 2018 Guidance 2H 2018 Net Capex (MM CAD) 1.5-3.5 2H 2018 Production (boe/d) 1900-2100 Monthly Dividend Per Share (CAD) 0.023 Exit Net Debt (MM CAD) 45-47 G R A N I T E O I L C O R P. T S X : G X O 16
  14. August 2018 Corporate Presentation – Granite Oil Corp – slide 14
    HEDGES / TAX POOLS 1,400 100 1,200 TAX POOL CATEGORY AMOUNT (MM) 85.86 85.04 Production Volume Hedged (Bbl/d) COGPE 0.5 80 74.94 74.94 72.77 73.90 1,000 Hedge Prices (/Bbl) CDE 98.5 65.72 CEE 1.3 800 60 55.09…
  15. August 2018 Corporate Presentation – Granite Oil Corp – slide 15
    RESPONSIBLE OPERATOR Produced solution gas containing 25% CO2 is recycled and reinjected into the reservoir, diverting an estimated 18,900 tons of CO2 from CO2 the atmosphere per year - improving oil recovery Reduced Emissions…

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