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Corporate Presentation – Traverse Energy, Inc.

Traverse Energy, Inc. · Dec 31, 2014 · 17 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. Corporate Presentation – Traverse Energy, Inc. – slide 1
    Corporate Presentation, August, 2014
  2. Corporate Presentation – Traverse Energy, Inc. – slide 2
    The Company Recapitalization of Firstland Energy Ltd. June, 2009 New management & name changed to Traverse Energy Ltd. June, 2009 11.5 million financing ( 0.80/share) completed March, 2014 68.6 million shares issued 74.0 million…
  3. Corporate Presentation – Traverse Energy, Inc. – slide 3
    Corporate Strategy Growth through the drill bit (predominantly 100% working interest) Exploring for new oil pools that can be exploited by vertical and horizontal drilling Maintain a significant undeveloped land base (180,600 net…
  4. Corporate Presentation – Traverse Energy, Inc. – slide 4
    Management Team Laurie Smith, P. Geol., President David Erickson, P. Geol., Vice President & COO Sharon Supple, CA, CFO History 25 years together as senior management team Petromet Resources Limited - drill bit growth 0 to…
  5. Corporate Presentation – Traverse Energy, Inc. – slide 5
    Financial Highlights (in thousands except where stated) 6 months, 2014 2013 2012 Petroleum & natural gas revenue 8,873 14,674 7,922 Net income (loss) 1,153 3,245 (2,828) Funds from operations 5,005 9,914 5,588 Net capital…
  6. Corporate Presentation – Traverse Energy, Inc. – slide 6
    Annual Reserves, Production and Land As at December 31, 2013 2012 2011 Proved reserves (mBOE) 1,447.2 865.4 401.6 Proved + probable reserves (mBOE) 1,910.4 1,218.6 566.0 Production (BOE/d) 680 405 197 Finding & Development Costs…
  7. Corporate Presentation – Traverse Energy, Inc. – slide 7
    Commodity Pricing, Production and Operating Netbacks 6 months, 2014 2013 2012 Average Sales Price Natural gas (/Mcf) 4.64 3.44 2.65 Oil and NGL (/bbl) 91.39 83.11 77.90 Average daily production (BOE) 765 680 405 Netback per BOE…
  8. Corporate Presentation – Traverse Energy, Inc. – slide 8
    Areas of Activity Undeveloped Land Holdings (June 30, 2014) Gross Net Acres Acres Northern 1,800 1,800 West Central 4,500 3,300 East Central 150,500 149,700 Southern 27,000 25,800 183,800 180,600 Average Working Interest: 98%
  9. Corporate Presentation – Traverse Energy, Inc. – slide 9
    East Central Alberta Area Land Holdings: 111,000 Acres 2013 Activity: Shot and purchased 2D and 3D seismic 7 wells drilled at Coyote resulting in 6 oil wells 2014 Activity: Drilled 3 wells in Q1 (1 oil well,1 gas well at…
  10. Corporate Presentation – Traverse Energy, Inc. – slide 10
    Coyote Area Land Holdings: 12,300 acres 2013 Activity: 7 wells drilled in 2013 resulting in 6 oil wells and 1 dry hole (converted to a water disposal well) 3 D seismic survey completed in December 2014 Activity Q2 production…
  11. Corporate Presentation – Traverse Energy, Inc. – slide 11
    Michichi Area Land Holdings: 25,000 acres 2014 Activity: 3D seismic shot in March, 1 oil well drilled Q1, on production in August 1 well scheduled for drilling in August Further drilling planned in Q4
  12. Corporate Presentation – Traverse Energy, Inc. – slide 12
    Hanna Area Land Holdings: 45,100 acres 2013 Activity: Shot and purchased additional 2D & 3D seismic 2014 Activity: 1-2 exploratory wells planned 2nd half, 2014
  13. Corporate Presentation – Traverse Energy, Inc. – slide 13
    Turin Area Land Holdings: 4,600 acres all rights 3,300 acres rights below Mannville 2014 Activity: 8 producing wells Q2, 2014 production of 389 BOE/day (40 % oil and NGLs) Battery daily capacity - 2,500 barrels fluid, 2.5 MMcf…
  14. Corporate Presentation – Traverse Energy, Inc. – slide 14
    Brazeau Area Royalty Property: 6,400 acres 5% - 10% GORR on oil, 10% GORR on NGLs and natural gas Production 22 horizontal Cardium wells on production at Q2, 2014 (107 BOE/day averaging 53 % oil & NGLs)
  15. Corporate Presentation – Traverse Energy, Inc. – slide 15
    2013 program 9 wells drilled resulting in 6 oil wells (Coyote), 2 dry and abandoned wells (Turin East) and 1 potential water disposal well (Coyote) 2013 production 680 BOE/day (63% oil) 2013 expenditures of 14.9 million 2014…
  16. Corporate Presentation – Traverse Energy, Inc. – slide 16
    Corporate Information Evaluation Engineers: Sproule Associates Ltd. Bank: Alberta Treasury Branch Auditor: KPMG LLP Solicitor: Borden Ladner Gervais LLP Transfer Agent: Valiant Trust Company Board of Directors Laurie Smith:…
  17. Corporate Presentation – Traverse Energy, Inc. – slide 17

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