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Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd.

Passport Energy Ltd. · Jan 31, 2014 · 21 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. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 1
    Creating Shareholder Value through Light Oil Resource Exploration and Development January 2014 PPO:TSX.V 1 www.covenantresources.com
  2. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 2
    Forward-Looking Statement Statements in this document may contain forward-looking information. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances…
  3. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 3
    Company Overview & Opportunity Significant, focused land position on a proven Bakken trend in South East Saskatchewan Attractive light oil resource asset with Crescent Point and CanEra drilling and expanding in surrounding area.…
  4. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 4
    Passport Capital Structure/Investor Information Symbol: PPO Exchange: TSXV As of: January 2014 Pre-financing Post-financing Share Price (1) 0.30 0.30 Basic Shares Issued (1) 11,154,878 111,154,878 Market Capitalization 3,346,463…
  5. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 5
    2014 Estimated Net Capital Budget (20 - 30MM): Land & Acquisitions Drilling & Completions Seismic Upon completion of a minimum 20MM financing, Passport anticipates drilling, completing and placing on production 4…
  6. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 6
    Management Team and Board of Directors: Management Team (Complete bios in Appendix 1) Bruce Murray: B.Comm 33 years experience (Talisman, Purcell, Tenergy) President, Chairman Daniel Tiberio: Petroleum Eng. Tech 20 years experience…
  7. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 7
    Saskatchewan Hardy Project Hardy Property Overview 14-17 IP: 50 bopd* New CanEra Well (completion problems) Land Base: 40 gross sections (31 net) (on confidential) CanEra 05-08 IP: 150 bopd Average WI: 77.6% Crescent Point…
  8. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 8
    Saskatchewan Hardy: Bakken Production Trend HARDY NORTH HUSKY CANERA & CP OUNGRE HARDY FLAT LAKE The Hardy South SOUTH acreage is located just Depth: 2200 m north of the US/Canada border and 25 Kms Canada (Saakatchewan)…
  9. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 9
    Saskatchewan Hardy Project: Pressure-Expulsion Oil Migration Model SE NW Williston Basin TAQA Hardy S Hardy N NAL/TORC* Roncott ** 90% 45% NA 25% 12% 28% produced OCT 75-100% 30-57% NA 20-30% 10-23% 10-45% OCT Range 30-50% 30-45%…
  10. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 10
    Expected Bakken Primary Hzl. Type Well: Oil Production Profile Vs. Actual IP: 180 bopd Template EUR: 152 mbbls (8% Recovery Factor) 1st Year Decline Rate: 70% High Recycle Ratio: 3.3 2nd Year Decline Rate: 30% Average ROR: 60%…
  11. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 11
    Saskatchewan Hardy Project: Economics & Development Potential Development Scheme: Based on Viewfield Analogy, initial development of 4 wells/section. Potential to develop at 6-8 wells/section Gross Wells Net Wells 4 Wells Per…
  12. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 12
    Hardy Bakken: Type Curve & Cash Flow Projection (8% Recovery Factor Curve) CAPITAL PAYOUT PERIOD SURPLUS CASH FLOW 12
  13. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 13
    Capital Expenditure And Reserve Potential: (Primary Light Oil Recovery) Highlights (2 Year Development Program): Gross Capital Required: 26 MM (8 Wells drilled over 18 months) Total Wells Drilled: 11 (3 locations drilled with…
  14. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 14
    Passport Hardy SE Sask: Total Proved & PUD Reserve Potential (Net) Passport Energy has an average working interest of 78% in 40 (gross) sections of land in the Hardy area of SE Saskatchewan with 100% working interest in 28…
  15. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 15
    Passport Hardy SE Sask: Cash Flow Model (Net) Passport Energy has an average working interest of 78% in 40 (gross) sections of land in the Hardy area of SE Saskatchewan with 100% working interest in 28 sections. Initial model…
  16. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 16
    Saskatchewan Hardy Project: Bakken Oil Resource: 100MMBBL Gross TPIIP(1) To Date PPO (NET) GLJ Resource Assessment(1): Resource Categories: Discovered Petroleum Initially In Place (DPIIP)*: Discovered Petroleum Low Best High…
  17. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 17
    Saskatchewan Hardy Project - EOR Upside Potential Recent industry competitor results with respect to the Bakken in the Viewfield area, report that ultimate recovery factors are increasing with the implementation of water flood…
  18. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 18
    Saskatchewan Hardy Project Torquay Upside Potential HARDY NEW TORC HZ WELL SOUTH HUSKY Torquay Fairway BAYTEX Canada (SK) US CRESCENT POINT Montana North Dakota Torquay Activity Summary Hardy South Torquay Potential…
  19. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 19
    Summary of Opportunity Early stage investment opportunity in a well-capitalized company focused on a Bakken light oil resource play in South East Saskatchewan. Successful growth and large exposure to light Bakken oil assets in SE…
  20. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 20
    Appendix 1: Management Bios Bruce Murray B.Comm: President, CEO, Chairman, Director Mr. Murray brings over 30 years of experience in various positions with emerging, junior and senior oil and gas companies. He was a co-founder of Purcell…
  21. Creating Shareholder Value through Light Oil Resource Exploration and Development – Passport Energy Ltd. – slide 21
    Appendix 2: Resource Definitions: Fundamental Resource Definitions: Total Petroleum Initially-In-Place (PIIP) is that quantity of petroleum that is estimated to exist originally in naturally occurring accumulations. It includes that…

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