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Corporate Overview – Terrace Energy Corp.

Terrace Energy Corp. · Mar 31, 2014 · 24 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 Overview – Terrace Energy Corp. – slide 1
    Corporate Overview March 2014 TSX: TZR.V A focused team, crea/ng value through early innova/on in a prolic basin
  2. Corporate Overview – Terrace Energy Corp. – slide 2
    Corporate Highlights Experienced Senior Team with more than 35 years average experience Management & Board Track record of creang excellent long term shareholder returns Idenfy and acquire emerging acreage prove concept…
  3. Corporate Overview – Terrace Energy Corp. – slide 3
    Terrace Business Model IDENTIFY & PROVE DELINEATE OPTIMIZE ACQUIRE CONCEPT VALUE RETURNS Acquire low-cost Drill test well(s) to test acreage posiLon and IniLate pad drilling and Focus on producLon acreage posiLons with capital…
  4. Corporate Overview – Terrace Energy Corp. – slide 4
    Company Overview Key Asset Acributes South Texas Focus SubstanLal Leasehold PosiLon 180,000 gross mineral acres (50,000 net to Terrace) Large Drilling Inventory Approximately 2,000 potenLal gross drillable locaLons (nearly…
  5. Corporate Overview – Terrace Energy Corp. – slide 5
    Strategic Accomplishments Rapid Asset Growth Rapid Projected ProducLon Growth Proven Development Project in STS Olmos 3,000 2,400 Major Acreage PosiLon in MulLple Horizons 2,500 in Maverick County 2,000 Boe/d SubstanLal…
  6. Corporate Overview – Terrace Energy Corp. – slide 6
    Aeracve Valuaon EV per Eagle Ford trend net acre(1)(2) 60,000 50,000 40,000 Peer Average: 38,795 30,000 20,000 10,000 4,015 - MTDR ASX:SEA AXAS GDP PVA SFY SN TZR 1) Eagle Ford peer group includes Abraxas,…
  7. Corporate Overview – Terrace Energy Corp. – slide 7
    Operang Areas Maverick County Big Wells South Texas Syndicate Cutlass NW-AWP www.terraceenergy.net 8
  8. Corporate Overview – Terrace Energy Corp. – slide 8
    Olmos Tight Sandstone Project Terrace owns approximately 30% working interest in 17,000 gross mineral acres 145 potenLal drilling locaLons (53 net to Terrace) Type curve yields 390 MBoe per locaLon (83% liquids)* Project…
  9. Corporate Overview – Terrace Energy Corp. – slide 9
    STS Olmos Development STS 1-4H STS 1-3H STS 1-667H SP5 1-47H CENTRAL COMPRESSOR SP5 1-16H SP5 2-1H STS 1-17H SP5 2-47H STS AW A 1-27H Progress to Date (8) 2014 Drilling Schedule (13) Intra-Field Gathering…
  10. Corporate Overview – Terrace Energy Corp. – slide 10
    STS Olmos Development Progress to Date (8) 2014 Drilling Schedule (13) Future PotenLal LocaLons (132) www.terraceenergy.net 11
  11. Corporate Overview – Terrace Energy Corp. – slide 11
    Recent STS Well Results Terraces STS development produces robust cashow through a combinaon of high producon rates and the following factors: Producon is oil-weighted - 61% crude oil, 83% liquids (with NGLs) Premium LLS pricing…
  12. Corporate Overview – Terrace Energy Corp. – slide 12
    STS Olmos Well Economics Typical Development Well CharacterisLcs CumulaLve Oil ProducLon vs Time FormaLon Depth: 8,900 Lateral Lengths: 4,200 Frac Stages: 12- 16 IniLal ProducLon Rate: 1,000 Boe/d Spacing: 800 lateral…
  13. Corporate Overview – Terrace Energy Corp. – slide 13
    Acreage Expansion Targets La Salle Co. McMullen Co. AWP Olmos Field 49 MMBbl, 500 BCF * Sun TSH Olmos Field 1,879 MBbl, 100 BCF * Tri Bar Olmos Field 743 MBbl, 47 BCF * 5 miles Nueces River Olmos Log…
  14. Corporate Overview – Terrace Energy Corp. – slide 14
    Maverick County Project Massive Acreage PosiLon with MulLple ProspecLve Oil Bearing Horizons BlackBrush Terrace LP (50% owned by Terrace Energy) has the right to acquire a 50% operated working interest in 147,000 gross acres (230…
  15. Corporate Overview – Terrace Energy Corp. – slide 15
    Inial Evaluaon Program 151-2H Eagle Ford Buda ProducLon (5 wells) Re-Entry 71,124 BO, 208 MMCF * BlackBrush Terrace LP Chivm 1H Pearsall ProducLon (3 wells) Pearsall CompleLon 110,641 BO, 2.53 BCF * Eagle Ford / Buda…
  16. Corporate Overview – Terrace Energy Corp. – slide 16
    Maverick County Progress To-Date IniLal DelineaLon Well, The BTLP Chivm 1-H Intermediate porLon encountered strong hydrocarbon indicators and excellent reservoir quality rock in Eagle Ford Shale, Buda Limestone and Underlying…
  17. Corporate Overview – Terrace Energy Corp. – slide 17
    Emerging Pearsall Shale Trend Maverick County Eagle Ford Shale Trend REGIONAL PEARSALL ACTIVITY 26 Older VerLcal Wells 14 Hz Wells w/ < 2 Year Prod Source: IHS ProducLon Data www.terraceenergy.net 18
  18. Corporate Overview – Terrace Energy Corp. – slide 18
    Big Wells Buda Limestone Project Drill-to-Earn Agreement with Rights to Acquire up to 6,700 Net Mineral Acres Terrace Energy has the right to acquire up to 67% working interest in 10,000 gross acres in the emerging Buda Limestone…
  19. Corporate Overview – Terrace Energy Corp. – slide 19
    Big Wells Area Buda Producon www.terraceenergy.net 20
  20. Corporate Overview – Terrace Energy Corp. – slide 20
    Avenues for Organic Growth Drill-to-earn discussions recently concluded for Buda Limestone Acquire Oset Development (addional acreage under discussion as well) Acreage Recently acquired 1,230 net acres in STS for 492M Mulple…
  21. Corporate Overview – Terrace Energy Corp. – slide 21
    Management Team Dave Gibbs President and Chief ExecuLve Ocer, Director Mr. Gibbs received a Bachelor of Engineering degree from Georgia Tech in 1975 and has 38 years experience in the oil & gas exploraon and development business. Mr.…
  22. Corporate Overview – Terrace Energy Corp. – slide 22
    Board of Directors Dan Carriere Chairman Mr. Carriere was a founding partner and signicant shareholder, as well as the Senior Vice President, of Corriente Resources Inc. (TSX) from 1992 unl the sale of Corriente to CRCC-Tongguan…
  23. Corporate Overview – Terrace Energy Corp. – slide 23
    Capital Structure Terrace Energy - CapitalizaLon Summary Shares Outstanding 75,297 OpLons 3,400 RSUs 950 ConverLble Notes (ConverLble at 2.00 per share) 19,400 Fully Diluted Shares Outstanding (35.7% insider ownership)…
  24. Corporate Overview – Terrace Energy Corp. – slide 24
    Contacts infoterraceenergy.net canadian address Suite 1012-1030 West Georgia St. Vancouver B.C. V6E 2Y3 p 604 282 7897 f 604 629 0418 us address Suite 400 - 202 Travis St. Houston, TX 77002 p 713 227 0010 f…

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