All Information Contained in this Presentation is Confidential and for Internal Purposes Only EAGLE ENERGY INC. Eagle Presentation August 30, 2018
Upside in Eagle Eagle is well positioned to benefit from a rebound in oil prices 87% of production is liquids. Stable asset base with low decline. Total Proved Net Asset Value Per Share Potential to unlock significant value in…
Eagles Strategy Low Decline Horizontal Wells in (Corporate Decline 13%) Conventional Plays Liquids Production (87% Liquids) TOTAL SHAREHOLDER RETURN Build Inventory of Focus on Return to Low Risk Locations Low…
Eagle Summary Eagle operates 230 active wells (1) in Alberta and Texas Corporate decline rate of 13% Q2 2018 Field Netback of 29.26 per barrel of oil equivalent (boe) Symbol: TSX:EGL Long Term Debt: US 30.4 million Shares…
Sale of Twining Assets Since the end of 2017, Eagle has reduced its debt by 48% On August 28, 2018, Eagle announced that it has closed the sale of its entire interest in its oil and natural gas properties near Twining, Alberta to a…
Operational Update Eagle continues to execute its previously announced plan to reduce debt and corporate costs, including interest costs, to better position itself to capitalize the North Texas development program. Eagles horizontal…
Q2 2018 Highlights 2018 G&A year over year reduction of 34% to the end of June. Field netback improved by 28% on a per boe basis (from 22.94 to 29.26 per boe) when compared to the second quarter of 2017. General and…
2018 Plan Continue to focus on drilling wells on our North Texas property due to its high field netbacks and opportunities for meaningful growth. Continue to reduce debt and corporate costs, including interest costs, in order to…
Eagles US Assets North Texas : 86% liquids Substantial core growth area with 25,000 acres Concentrated Applying new horizontal well technology in existing High Quality 100% operated conventional reservoir Conventional vertical…
Eagles Canadian Assets Concentrated 87% liquids High Quality Asset Base with 80% operated Operational Dixonville is a premier Montney light oil waterflood in Control Western Canada Low Decline Decline 6% Production, High…
North Texas Approximately 25,000 net acres in our core area. Focused and well supported by offset production and 3D seismic. We have identified a number of potential horizontal drilling opportunities on Eagle owned acreage across…
Dixonville Horizontal well waterflood on production 2003 Montney oil zone is a multilayered turbidite deposit with porosity of 18 to 22% and permeability of 12 to 100 md Eagle operates at 50% working interest Decline 6%…
Upside in Eagle Eagle is well positioned to benefit from a rebound in oil prices 87% of production is liquids. Stable asset base with low decline. Total Proved Net Asset Value Per Share Potential to unlock significant value in…
Appendix 14
Management Wayne Wisniewski, P.E., President, Chief Executive Officer and Director Mr. Wisniewski has over 30 years of experience in the oil and gas industry, starting as a drilling and production engineer, and holding various…
Management Cont. Glen Glass, P. Eng., Vice President, Operations Canada Mr. Glass has over 38 years of engineering and operational experience in the petroleum industry. He is experienced in drilling and completions, production…
Board of Directors Richard Clark, B.A. (Econ), LLB, Executive Chairman Mr. Clarks career includes over 20 years in the legal profession, first as a founding partner at a boutique oil and gas firm and then for 10 years at a national…
Board of Directors F. Wayne McWhorter, BSc, MBA, Director Mr. McWhorter brings over 40 years of experience in the oil and gas, banking, public accounting and real estate industries. Mr. McWhorter has served as Chief Executive Officer…
Advisories (continued) Advisory Regarding NonIFRS Financial Measures: Statements throughout this presentation make reference to the term field netback, which is a nonIFRS financial measure that does not have a standardized meaning…
Advisories (continued) Advisory Regarding Oil and Gas Measures and Estimates (continued): Discovered Oil InitiallyinPlace This presentation contains references to estimates of oil classified as Discovered Oil InitiallyInPlace (DOIIP)…
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