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Mach 2019 Corporate Presentation – Granite Oil Corp

Granite Oil Corp · Mar 13, 2019 · 13 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. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 1
    March 2019
  2. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 2
    MARKET FACTS Trading Symbols TSX GXO OTCQX GXOCF Financial Highlights Market Capitalization (MM) As at closing 3/12/2018 32 Credit Facility (MM) 50 Net Debt (MM)* 47.5 *As at Q4 Unaudited Financial Statements Common Shares…
  3. Mach 2019 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. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 4
    HISTORICAL DRILLING AND RESERVE RESULTS WELL PERFORMANCE SINCE 2015 TESTING INFILL SPACING AND BUILDING A FORMULA 600 2018 Well - 400 m spacing Oil Production (bbl/d) 500 400 2018 Well - 200 m spacing 300 2018 Well - 200 m…
  5. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 5
    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…
  6. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 6
    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…
  7. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 7
    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 4.5 m 200 Historical Performance 2500-3000m (27 Wells) Average…
  8. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 8
    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…
  9. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 9
    SUMMARY Large Oil-in-Place 33 section delineated oil pool in a 30 mile, 80 section oil fairway Early Life Cycle Only recovered 2.9% to date(2) Efficient Recovery Formula 228 MMbbls of OOIP(1) under an effective gas injection…
  10. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 10
    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…
  11. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 11
    Appendix
  12. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 12
    HEDGES / TAX POOLS HEDGING SUMMARY TAX POOL SUMMARY Q1 2019 Q2 2019 Q3 2019 Q4 2019 WTI HEDGES TAX POOL CATEGORY AMOUNT (MM) USD Volumes 100 -- 200 400 COGPE 0.6 USD Average Pricing 65.72 -- 62.85 58.47 CDE 91.3 CAD Volumes 500…
  13. Mach 2019 Corporate Presentation – Granite Oil Corp – slide 13
    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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