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May 2019 Corporate Presentation – Granite Oil Corp

Granite Oil Corp · May 2, 2019 · 14 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 2019 Corporate Presentation – Granite Oil Corp – slide 1
    May 2019
  2. May 2019 Corporate Presentation – Granite Oil Corp – slide 2
    MARKET FACTS Trading Symbols TSX GXO OTCQX GXOCF Financial Highlights Market Capitalization (MM) As at closing 5/1/2019 31 Credit Facility (MM) 50 Net Debt (MM)* 47.7 *As at Q4 Audited Financial Statements Common Shares…
  3. May 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. May 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. May 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. May 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. May 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. May 2019 Corporate Presentation – Granite Oil Corp – slide 8
    SIGNIFICANT DRILLING INVENTORY GO-FORWARD DEVELOPMENT PLAN LONG-TERM, SLOW GROWTH MODEL 84 potential Bakken well locations on 200 m offset spacing(3) Drilling 5 wells per year allows for 16 years of future development LEGEND…
  9. May 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. May 2019 Corporate Presentation – Granite Oil Corp – slide 10
    CONTACT INFORMATION Investor Inquiries: Michael Kabanuk President and CEO Office: 587.349.9123 mkabanukgraniteoil.ca Address: Jamieson Place 3230, 308 4th Avenue SW Calgary, AB T2P-0H7 24 Hour Emergency Number:…
  11. May 2019 Corporate Presentation – Granite Oil Corp – slide 11
    ENDNOTES 1. This estimate of Original Oil-in-Place (OOIP) was internally generated by management for the area currently approved by the Alberta Energy Regulator for Enhanced Oil Recovery by Gas Injection and represents managements…
  12. May 2019 Corporate Presentation – Granite Oil Corp – slide 12
    Appendix
  13. May 2019 Corporate Presentation – Granite Oil Corp – slide 13
    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 -- 200 600 COGPE 0.6 USD Average Pricing 65.72 -- 62.85 58.91 CDE 91.3 CAD Volumes 500…
  14. May 2019 Corporate Presentation – Granite Oil Corp – slide 14
    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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