Forward-Looking Statement This presentation contains forward-looking statements. More particularly, this presentation contains statements concerning anticipated: business strategies, plans and objectives; potential development…
Management and Governance Strong leadership from highly experienced management team and board of directors Management Team Technical Management Team with extensive oil & gas experience CEO CFO Vice President, Vice President, Vice…
The Vision Create a High-Quality, High-Growth Business Focused on high-margin, high-growth business with significant running room Focus on top-tier, high margin, light-tight oil plays Maintain high Environmental, Social and Governance…
Canada Responsible Production and Transparency Why are we filling our tanks with foreign sourced oil Canada is ranked as one of the top jurisdictions in the world having transparent and responsible regulations and production. Figure 1:…
Environmental, Social & Governance Performance Tangle Creek Committed to reducing emissions intensity 6
Environmental, Social & Governance Performance Greenhouse Gas Emissions Intensity Oil Tangle Creek in relation to Tangle Creek vs Global Crudes- Production Emissions Only Energy Industry US Average Tangle Creek Tangle Creek production…
Tangle Creek Overview Private growth-oriented oil producer with concentrated land position in West Central Alberta Private company founded in 2010 Owners include ARC Financial, Camcor, Wells Fargo, Northleaf, Boden/Alta and GE…
Key Strengths 1. Large Inventory of Highly Economic Drilling Locations More than 300 oil-weighted locations (10+ years) Light oil wells have demonstrated to be amongst the highest margin, best returns in Canada Shallower well depths of…
Income Statement Review 2018 impacted by weak Q4 Edmonton Par crude oil pricing while Q1 19 impacted by lower production. Benchmark Pricing Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 WTI (US/bbl) 62.87 67.88 69.50 58.83 64.78…
Balance Sheet Review Weak Q4 2018 cash flows resulted in increased net debt levels for year-end 2018 and Q1 2019. (000's) Working Capital 2018 Q1 2019 Cash - 1,690 Accounts receivable 5,808 10,860 Prepaid expenses and deposits 753…
Tangle Creek Operating Areas Production Profile1 Legend 9,000 8,000 7,000 6,000 Kaybob Production (boe/d) 5,000 Waskahigan 4,000 3,000 Other 2,000 1,000 - 2012 2013 2014 2015 2016 2017 2018 Reserve Split by…
Core Operating Area Kaybob Dunvegan Low risk, free cash flow generating light oil asset which funds corporate growth Key Statistics 2018 Production 3,450 boe/d 2017 drilling program (9 wells) 2018 drilling program (4 wells) 2018YE…
Track Record of Well Performance Improvements Advancing completion techniques have improved IP365s and EURs beyond type curve expectations Kaybob Dunvegan Annual Drilling Programs Historical Days Drilling Cumulative Production -…
And Strong Well Economics At US50 Edmonton pricing, type curves generate 45% to 70% IRRs and payouts of 18 to 24 months Dunvegan Well Inputs Kaybob Dunvegan Type Curves TC129 TC155 DCET Capital (MM) 2.5 2.5 EUR (Oil) (mbbl) 129 155…
Dunvegan Kaybob Waterflood Dunvegan High-graded 5Advancement year Inventory (59 Locations) 100/15-18-060-17W5: 2015 Primary prodn rate: 50 bbl/d Highgraded floodable area metrics: oil well offsetting first horizontal injector 2019 W/F…
Core Operating Area Waskahigan Montney Growth engine with significant drilling inventory Key Statistics 2018 Production 1,731 boe/d 2018YE Reserves PPDP 3.8 mmboe PPUD 18.4 mmboe (59 wells) 2018 NOI % 30% of Total 2018 Operating…
Infrastructure in Place Supports Growth Plan 100% WI ownership in infrastructure provides low operating costs and competitive advantage area 12-07-064-23W5 Capacity Q1 2019E Current % Battery Volumes Throughput Utilization Oil…
Higher Completion Intensity Enhances Productivity Waskahigan Montney Hz Results Waskahigan Montney Hz Results By Completion Generation (Rate-Cum) By Completion Generation (Rate-Time) Higher intensity fracs will extend the life of…
2018 and 2019-Q1 New Well Performance 20
2018 and 2019-Q1 New Well Performance 100/10-15-064-23W5: Well has recently increased from 40 to 80 bbl/d - increase due to lower 103/11-15-064-23W5: line pressure (added compression) 74 days of production cum of 50mbbl Of all…
TCE Waskahigan Relative to Other AB Montney Oil Tangle Creek is getting significantly higher initial production performance than what previous operators accomplished in the area Waskahigan TC180 risked type curve (285 bbl/d IP90) is…
Roadmap to Reduce Per Well Capital Continued completion optimization 2019-H2 plan is 65 stages (1.5mi laterals) and 35T fracs Phase 1 : Recipe Development (6.8 to 5.8 MM) Frac intensity: 1.0 T/m Frac Optimization (650 K) Frac…
Waskahigan Single Well Economics At US50 Edmonton pricing, type curves generate 40% to 70% IRRs and payouts of 12 to 20 months 2019 average asset operating netback of 27/boe with a range of 21 - 37/boe 1 Waskahigan Internal Case Type…
Benchmarking North American Resource Plays Half Cycle IRRs (US60 WTI / US3 NYMEX)1 First 24 Month Royalty 150% 30% 28% Tangle Creek Top U.S. Plays Montney Economic Select Canadian Plays 25% Range of Results 125% Tangle Creek 20%…
Tangle Creek Summary High Quality High Margin Assets Light oil focus with running room Material drilling inventory to drive long-term growth Top tier returns Strong technical expertise Own and control the infrastructure Egress…
Contact Information Tangle Creek Energy Ltd. Glenn Gradeen 2100, 715 5th Avenue SW President & CEO Calgary, Alberta T2P 2X6 d: +1 (403) 648-4901 Main: +1 (403) 648-4900 m: +1(403) 618-0434 www.tanglecreekenergy.com…
Loading...
