June 2020 Investor Presentation – Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd. · Jun 15, 2020 · 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

TVE : TSX Creating Sustainable Value June 2020 See Disclaimers and Forward Looking Statements attached
Corporate Snapshot (TSX: TVE) Corporate/Market Summary (as at June 9/20) Market capitalization (F.D.)(1) (mm) 238 Enterprise value(1) (mm) 454 Bank Line (mm) 350 % Drawn 60% Tax Pools (mm) 859 P+P Reserves (mmboe)(2) 101.6…
The Tamarack Advantage Duration through Sustainability and Balance Sheet Strength Defensive yet flexible capital program Balance Sheet Strength Industry leading balance sheet strength Ample liquidity / capacity on bank line…
Environment, Social & Governance Tamarack remains a committed & responsible steward of nature, people and shareholder capital Environment 98% of all gas production conserved in 2019 Fresh water use in 2019 from the 3 waterflood…
Navigating the Commodity Uncertainty Fully funded program down to sub 30/Bbl WTI environment Reduced capex by 46% from original guidance 70% of capex spent in Q1 provides flexibility on go-forward spend Estimated Free Adjusted Funds…
Sensitivity(1) May Budget Strong Balance Sheet…
Risk Management Current Hedges 53% (2) Adding stability in a volatile commodity price environment 50-60% (3) Oil price protection 2020 Target oil hedging for 2020 Hedging Summary(1) Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021…
Duration in Dynamic Pricing Environment Corporate Breakeven Prices & Industry Leading Balance Sheet Forecast 2020 Adjusted Operating Field Netback(3) in Excess of Minimum Unhedged Oil Price Required to Sustain Production(2) With…
Lower Corporate Decline Setting up 2021 Tamarack internal estimate of 23-26% corporate decline in 2021 on the back of lower 2020 capital program + ongoing waterflood investment (1/3 of 2020 capex directed towards the waterflood)…
2020 Budget - Veteran WF Forecast 3,000 2017/18 Capital Efficiency(1) using peak rate of 500 bopd (Jan 2020) - 57,400/bopd 2019 Capital Efficiency(1) using peak rate of 800 bopd (Dec 2020) - 34,100/bopd 2,500 2020 Budget Capital…
Investment Summary Track Record of Meeting & Exceeding Estimates Sector Disciplined Operational Improving Leading Capital Execution Sustainability Balance Sheet Allocation Focus on…
TVE : TSX Appendix
Variable Opex Shut-In Analysis(1) 100% 90% 80% 70% Percentage of Corp Production 60% 50% 40% 30% 20% 10% 0% 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 Break-even Price Edm (CDN)(2) TVE…
Veteran Waterflood Activity Total OOIP(1) 2018/19 Pilot Program 1,004 mmbbl Currently producing over 1,000 bbls/d 2019 Fall Expansion from < 4 sections Reserve 2020 Forecast Devt Booking West Veteran Internal Estimate(2) 0.9%…

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