Capitalization and Key Metrics Financial TSX Symbol TT Shares Outstanding (basic) 106.7 MM Current Share Price approx. 0.35 Market Capitalization approx. 37.35 MM Total Net Indebtedness1 approx. 19.3 MM Operational 2014-Q2…
Background Transformation is Underway Montney Sales Completed Refinancing Completed New Business Plan and Strategy is Underway Previous business plan focusing on unconventional Montney gas for LNG export resulted in the building of…
New Business Plan & Supporting Strategies
New Business Plan Plan is: To build a balanced and focused energy company, which is highly attractive to our investors and to other industry participants Key Elements Balance is between oil/gas commodities by volume (or boes) Focus…
New Business Plan & Supporting Strategies Near Term Goal: Focus on Oil and NGLs 2017 and beyond - Build focused, profitable 2015 and 2016 and desirable asset base - Move to higher impact investments - A profitable, desirable and…
Near Term Strategies 2014 Build on existing strengths in properties and infrastructure Carry out property reviews to better manage operational efficiencies and infrastructure capacity attend to repairs and maintenance, including…
Mid Term Strategies 2015 & 2016 Build on Key Oil and Liquids Plays to Create Platform for Growth Fine tune completions methods for each play/area Develop detailed well designs and programs to create a drilling inventory with a minimum of…
Longer Term Strategies 2017 and Beyond Move ahead with the Exit play Carry on with testing of the Exit play and determination of suitability Build the necessary land position to increase the running room, through acquisition of more…
Near Term 2014 Capital Expenditure Plan
2014 Capital Expenditure Plan and Budget Total approved capital expenditure budget = 14,331,0001 9.8% 31.5% 12.6% 1,400,000 Increase Risk Drilling 1,817,000 Workovers 6,600,000 Recompletions 4,514,000 Tie-ins Total 14,331,000…
2014 Capital Expenditures Short List of Potential Projects Estimated Area Project Name Product Type Project Description WI Net Cost Monias 13-14 well tie in Gas Tie-in of existing gas well 50 1,400,000 Grande Prairie 6-7 and 13-12 wells…
Update Red Creek, B.C. Two separate pools At Red Creek, pressure information recently gathered during a workover at the 3 -16 well site indicates that the north portion of the Red Creek property may be an entirely separate oil/gas…
Transformation Underway Key Oil Plays
Transformation Underway Focus Shift Two Key Oil Plays Terra has shifted its focus to oil and NGLs Terras organization, management team, technical and G&G teams and field personnel have evolved to carry out this focus shift into oil and…
Transformation Underway Focus Shift More Oil and NGL Plays More oil plays include: Light oil at Grande Prairie, Alberta Light oil at Boudreau, B.C. Light oil at Boundary Lake South, Alberta All plays are: Located on Terras existing…
Transformation Underway Two Key Oil Plays plus More Oil Plays Overview Balanced and diversified Stoddart British Columbia portfolio of oil-weighted plays Red Creek Boundary Lake South Geographically Boudreau Alberta Fort St. John…
Transformation Underway Two Key Oil Plays Belloy Light Oil at Stoddart 2014 7 recompletions have been conducted in 2104 to date; 2-3 recompletions are targeted 3 recent restarts have added over 75 bopd Takes advantage of existing…
Transformation Underway More Oil and NGL Plays Charlie Lake Light Oil at Grande Prairie 2014 2 existing tied in and tested wells at Grande Prairie (225 boe/d combined)1, construction is now completed, production remains shut-in due to…
Summary
Summary Terra is now focused on oil and NGLs and the transformation of our Company is underway. Terra owns properties with a long established oil production history with known reservoirs, that can be exploited A detailed review of our…
Appendices
Key Oil Plays Stoddart, B.C. Belloy Oil Oil prone, multi-zone potential 06-19-86-19W6 2014 7 recompletions carried out to date Approx. 2-3 recompletions are targeted for Belloy Oil 2015 and beyond Plan vertical drill of 4-21 to…
Key Oil Plays Red Creek, B.C. Doig Light Oil Waterflood Scheme1 Under-exploited 100% Terra Doig estuary sands oil pool Acquired in 2005, previous waterflood not optimally placed To date recovery factor of only 11% Peak additional…
Key Oil Plays - Red Creek, B.C. Preliminary Waterflood Economics 1 Peak additional production forecasted at 75-400 bbls/d Production (m3/day) ROR (BT): 63% Payout: 3.4 years Based on 300 m3/day injection 0 1 year 2 years…
More Oil Plays Grande Prairie, AB Charlie Lake Oil 2014 Charlie Lake dolomitic sandstone reservoir is an established productive zone in the area Terra controls existing infrastructure; new pipeline has been approved and is underway…
More Oil Plays Boudreau, B.C. Belloy Light Oil Currently producing 330 boe/d from 16 producing wells with 12 wells standing Targeting the Belloy C pool which has produced 0.25 bcf gas and 94.5 mbbls of oil to date Pool boundaries have…
More Oil Plays Boundary Lake South, AB Baldonnel Light Oil 2014 Currently producing approx. 64 bopd and 245 mcf/d or 105 boe/d combined Two workovers and recompletions are planned 3D seismic is available across the entire pool 2015…
Summary of Hedging Position as at October 2014 2014 Oct 31 Nov 30 Dec 31 Volume (GJs/day) 8,500 9,500 9,500 Average Price (CAN/GJ) 4.0453 4.3868 4.3868 Volume (Mcf/day) 7,969 8,906 8,906 Average Price (CAN/Mcf) 4.3150 4.6793…
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