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CORPORATE PRSENTATION – Triangle Petroleum Corp

Triangle Petroleum Corp · Aug 1, 2014 · 25 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 PRSENTATION – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION August 2014
  2. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Business Overview 4 Operational Overview 8 Financial Overview 13 Appendix 19
  3. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 3
    BUSINESS OVERVIEW
  4. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 4
    TRIANGLE PETROLEUM CORPORATION OVERVIEW BUSINESS OVERVIEW TPC wholly owned E&P subsidiary(1) Growth oriented E&P company focused on the Williston Basin Pro forma current production of approximately 11,000 boepd 135,000 net…
  5. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 5
    BUSINESS OVERVIEW KEY INVESTMENT HIGHLIGHTS SUBSTANTIAL GROWTH Q1 FY15 production increased 200% year over year from Q1 FY14 IN OPERATED Proved reserves have increased 190% year over year(1) PRODUCTION AND Focused on increasing…
  6. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 6
    BUSINESS OVERVIEW SIGNIFICANT OPERATED PRODUCTION AND RESERVES GROWTH NET SOLD PRODUCTION VOLUMES (BOEPD) 14,000 FY2015 Avg. Daily Production Guidance 10,200 11,200 Boepd(1) 12,600 10 FY2014 Production of 5,286 Boepd 12,000 Net…
  7. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 7
    OPERATIONAL OVERVIEW
  8. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 8
    OPERATIONAL OVERVIEW TRIANGLE USA CORE AREA MCKENZIE AND WILLIAMS COUNTIES RECENT DEVELOPMENTS ASSET MAP: DOWNSPACING &THREE FORKS ACTIVITY 97 gross operated wells currently producing and seven wells waiting on completion(1)…
  9. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 9
    OPERATIONAL OVERVIEW DRILLING AND PRODUCTION PROFILE TUSA OPERATED WELLS COMPLETED (GROSS VS. NET)(1) HIGHLIGHTS 10 9.0 9.0 9.0 Decreasing spud to total depth days; average of 20 8.0 Wells Completed 8 days for Q1 FY15 versus…
  10. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 10
    OPERATIONAL OVERVIEW ROCKPILE ENERGY SERVICES RockPile Energy Services, LLC is focused on providing Best in Class pressure pumping and ancillary services in the Williston Basin EXPANDING CAPACITY AND CAPABILITIES GROSS WELLS…
  11. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 11
    OPERATIONAL OVERVIEW CALIBER MIDSTREAM Caliber Midstream Partners, LP is focused on providing gathering, transportation and processing in the Williston Basin Natural gas facility became operational in April 2014, currently averaging…
  12. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 12
    FINANCIAL OVERVIEW
  13. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 13
    FINANCIAL OVERVIEW HIGH YIELD OFFERING OVERVIEW On July 18, 2014 Triangle USA Petroleum Corporation, the Companys wholly-owned E&P subsidiary, closed on a 450mm senior unsecured notes offering Offering upsized to 450mm from 350mm due…
  14. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 14
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION APPROX. PRO FORMA LIQUIDITY (APRIL 30, 2014) (MM) Share Price (as of August 12, 2014) 11.15 Total Pro Forma Cash(2) 186 90-day % Change 19.9% TUSA Credit Facility Availability(3)…
  15. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW REVISED STAND-ALONE CAPITAL BUDGET FOR FY2015 (ENDED JANUARY 31, 2015) BUDGET DETAIL Capital Expenses Revised FY2015 Budget (mm)(1) E&P Operated Drilling Program(2) 360 E&P Non-Operated Drilling Program 45 Station…
  16. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW STAND-ALONE BUSINESS SEGMENT GUIDANCE TUSA Stand-alone(1) RPES Stand-alone(2) CLBR Stand-alone(3) Adj. EBITDA Adj. EBITDA Adj. EBITDA Period Revenue (mm) Revenue (mm) Revenue (mm) (mm) (mm) 2H FY15 165 - 180…
  17. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 17
    FINANCIAL OVERVIEW RISK MANAGEMENT KEY HIGHLIGHTS HEDGE POSITION FY15 Collars 101 Ceiling Actively hedging to protect present and 87 Floor FY16 Collars 6,000 98 Ceiling 87 Floor future cash flows through the use of zero 4,500…
  18. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 18
    APPENDIX a) RockPile: Vertical Integration Profile b) Caliber: Vertical Integration Profile c) Montana Station Prospect d) Historical Financials
  19. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 19
    APPENDIX ROCKPILE: VERTICAL INTEGRATION PROFILE ROCKPILES BENEFIT TO TRIANGLE ROCKPILE CAPEX REDUCTION PER WELL(1) Control 100% of largest E&P cost center 1.5 1.2 1.2 1.0 Dedicated high quality frac fleet and personnel 1.0…
  20. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 20
    APPENDIX CALIBER: VERTICAL INTEGRATION PROFILE CALIBERS BENEFIT TO TRIANGLE CALIBER IMPLIED VALUATION Secured long term gas and crude oil gathering and Peer Average 2015E EV / EBITDA(1) 14.8x takeaway capacity at market rates in the…
  21. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 21
    APPENDIX MONTANA STATION PROSPECT Samson Resources DETAILS Sagebrush Resources Riva Ridge 33-56H MB SBR1-36H Riva Ridge 0607-2H TF 42,000 net acres; 67% operated Potential Drilling Inventory: 294 operated locations Southwestern…
  22. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 22
    APPENDIX Q1 FY15 CONSOLIDATED INCOME STATEMENT Three Months Ended April 30, 2014 2013 Revenues Total revenues 99,782 34,294 Expenses Production taxes 6,348 2,444 Lease operating expenses 4,726 2,216 Gathering, transportation and…
  23. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 23
    APPENDIX CONSOLIDATED ADJUSTED NET INCOME RECONCILIATION Q1 fiscal 2015 Q1 fiscal 2014 Net income attributable to common stockholders 14,542 5,211 Gain on equity investment derivatives (10,454) - (Gain) loss on commodity derivatives…
  24. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 24
    APPENDIX Q1 FY15 INTERSEGMENT TABLE RockPile's Exploration Pressure Pumping Corporate Eliminations Consolidated and Production and Other Services and Other(1) and Other Total Revenues Oil, natural gas and natural gas liquids…
  25. CORPORATE PRSENTATION – Triangle Petroleum Corp – slide 25
    USE OF SEGMENT INFORMATION AND NON-GAAP MEASURES 1) The Company often provides financial metrics for each of Triangles three segments of operation. Revenues for each segment are disclosed in notes to the financial statements contained…

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