TSX.V CUDA www.cudaoilandgas.com Cuda Oil and Gas Inc. A Pure Play - Powder River, Light Oil Focused Company September 2019
COMPANY SNAPSHOT Market Capitalization (TSX.V CUDA 0.485/share) 17.6 MM Net Debt1,2 34.4 MM Enterprise Value 52.0 MM Basic Shares Outstanding 36.3 MM Production YTD3 625 boe/d (60% liquids) Total Proved (1P) Reserves4 4.9 MM…
PURE PLAY - POWDER RIVER FOCUSED COMPANY Cuda is focusing significant capital resources to development Southern Alberta - Low Cost, High Impact Oil opportunities in the Powder Prospects River Basin. - Drill Ready The Powder…
TRACK RECORD OF SUCCESS Team of proven company builders with a track record of: a) Establishing focused, high quality growth assets and b) Maximizing investor returns through opportune exit strategies. Corporate Accomplishments NuLoch:…
POWDER RIVER BASIN: PERMIAN OF THE ROCKIES Converse County Activity Trending Higher Large Independents including EOG, Devon, Anadarko, Chesapeake, Samson Energy, and now Vermillion have large positions in the play with over Devon…
POWDER RIVER BASIN: COMPETITOR ACTIVITY Recent Horizontal Producers 500 bbls/d By Zone Samson Spearhead Federal 11-2635 Peak Rate: 2,332 bbls/d Northwoods Operating C: 327,000 bbls Gneiss Fed 4075-27-34 Peak Rate: 1,411 bbls/d C:…
WYOMING PROVIDES MARKET ACCESS & LOW DIFFERENTIAL Powder River Basin Crude Takeaway Network 1 PRB oil pipelines have significant capacity to move additional crude to many markets Barron Flats Cuda anticipates continued Unit low…
WYOMING STACKED LIGHT OIL PLAYS Barron Flats & Cole Creek Area Map Stacked Pay 1,000 bbls/d (280 net) light oil producing asset1 Formation Powder River Basin Coal Lance 12,500 net acres in a Lewis Shale contiguous block Teapot…
BARRON FLATS UNIT SHANNON DEVELOPMENT(PRIMARY) Future Booked Locations = 50 on Cuda Lands1 Ryder Scott Type Curves: IP30 = 150 and 125 bbls/d 2 25: Producers 29: Proven Locations 21: Probable Locations Parkerton Ranch 13-23…
BARRON FLATS UNIT GAS FLOOD PROJECT WOGCC has approved the Shannon Secondary Recovery and Unitization application allowing full Gas Flood Project Timeline scale up of the miscible gas flood project. 1 Construction of a 9-mile, high…
RYDER SCOTT HORIZONTAL TYPE CURVES - USD Ryder Scott HZ Type Curves (1 mile and 2 mile) Ryder Scott HZ_2 mile_700bopd_440mbbls 1000 4 Ryder Scott HZ_1 mile_500bopd_320mbbls 800 1_Cole Creek_ Frontier 2_Vertical Average_17 Wells…
RYDER SCOTT YE 2018 RESERVES & NET ASSET VALUE The 2018 Reserve Report is prepared in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 -…
PIPECO A MIDSTREAM COMPANY A gas source line will connect to the Tallgrass 2 Lines: An Oil Sales Line and A Gas Source Line 1 system and provide make up gas for the miscible gas flood project in 2019. Barron Flats Unit The right of…
SUMMARY Large OOIP Large Oil in Place validated by Ryder Scott Independent Petroleum Consultants High IRR Conventional Conventional Vertical Drilling offers high growth, high IRR, and low decline production Targets Gas Flood…
Appendix 16
SUCCESSFUL GAS FLOOD ADJACENT TO BFU Sand Dunes Muddy Unit Cum Oil = 24 MMbbls The Sand Dunes Muddy Unit, immediately next to the Barron Flats Dec 91 Unit is a gas flood analogue for the 12,500 bbls/d Shannon project. Oil Rate…
BFU GAS FLOOD PROCESS AND INJECTION PLANT The 22-27 Gas Flood Process plant will 22-27 Gas Processing and Injection Plant process all the field solution gas, compress the source gas, and combine the additional natural gas liquid…
COLE CRK: FRONTIER 2 BOOKED LOCATIONS 2 Mile HZ 1 Mile HZ PUDs 4 5 PROBs 13 8 Ryder Scott YE Report 1 MMbbls Gross EUR Cum 0.9 PUD: 9 wells 3.3 PROB: 21 wells 8.2 Total 12.4 1. Gross EURs are based on Ryder Scott…
COLE CRK: DAKOTA BOOKED LOCATIONS 2 Mile HZ 1 Mile HZ PUDs 2 6 PROBs 4 6 Ryder Scott YE Report 1 MMbbls Gross EUR Cum 0.4 Cole Creek 31-17 Log PUD: 8 wells 2.7 PROB: 10 wells 3.9 Total 7.0 1. Gross EURs are based…
RYDER SCOTT NI 51-101 2P DEVELOPMENT CASE (CAD) The Long-term Development Plan demonstrates increasing cashflow stream. (27.4 MM by 2021) 10 Year Production and Capital Forecast 1 Future Development Capital is 141 MM and includes…
MANAGEMENT TEAM R. Glenn Dawson President and CEO Geologist, BSc, MSc with over 35 years of oil and gas exploration and management experience across North America Most recently President of Williston Hunter Canada and Bakken Hunter…
BOARD OF DIRECTORS Edward (Ted) Hirst - Managing Director, Head of Global Investment Banking, Canaccord Genuity Corp. Mr. Hirst was Head of North American Mining at CIBC World Markets prior to founding Genuity Capital Markets in late…
BOARD OF DIRECTORS CONT. Guylaine Saucier Former Chair of the Board of Directors of the CBC. Guylaine Saucier is a director of companies. She is a former Chair of the Board of Directors of the Canadian Broadcasting Corporation, a former…
OIL AND GAS ADVISORIES Resources Original Oil In Place (OOIP) is used by Cuda in this news release as an equivalent to Discovered Petroleum Initially-In-Place (DPIIP). DPIIP, as defined in the Canadian Oil and Gas Evaluation Handbook…
OIL AND GAS ADVISORIES CONT. Type Well Production and Economics This presentation contains references to type well production and economics, which are derived, at least in part, from available information respecting the well economics of…
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