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Investor Presentation – Longview Oil Corp

Longview Oil Corp · Dec 31, 2013 · 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. Investor Presentation – Longview Oil Corp – slide 1
    Investor Presentation December 2013
  2. Investor Presentation – Longview Oil Corp – slide 2
    Corporate Snapshot Common shares outstanding TSX: LNV 46.9 million Production (Q1 to Q3 2013 - 79% oil and ngl) 6,000 boe/d Enterprise value at 4.86/share (12/16/2013) 343 million Enterprise value per boe/d 57,155 Annual dividend (…
  3. Investor Presentation – Longview Oil Corp – slide 3
    Company Highlights Low decline, light oil weighted production base Corporate decline rate of 19% Low capital investment required to maintain production Significant reserve base of oil weighted resource plays 38 million boe of 2P…
  4. Investor Presentation – Longview Oil Corp – slide 4
    2014 Operational & Financial Guidance Longview has an extensive inventory of low risk development drilling and waterflood enhancement projects that offer the potential to significantly increase both production and reserve…
  5. Investor Presentation – Longview Oil Corp – slide 5
    Asset Overview Over 486 Million Barrels in Place ALBERTA SASKATCHEWAN Longview Total Sunset West Central Alberta Q1-Q3 2013 = 6,000 boe/d Q1-Q3 2013 = 3,303 boe/d Oil/Gas Ratio = 80/20% Oil/Gas Ratio = 63/37% P+P Reserves = 38.3…
  6. Investor Presentation – Longview Oil Corp – slide 6
    Low Decline Asset Base Plant turnaround Base decline at Nevis 19% 83% of current production is from pre-2010 wells 2014 Guidance Production 6,350 boe/d Cash Flow(1) 77 million Cash Flow Sensitivities: Oil and NGLs 82%…
  7. Investor Presentation – Longview Oil Corp – slide 7
    Sustainability Comparative Analysis for 2013 Substantial Portion of Dividends paid with Bank Debt (1) First Energy Oil & Gas Producer Estimates, Nov. 1, 2013 Page 7
  8. Investor Presentation – Longview Oil Corp – slide 8
    Capex and Oil & Gas Reserves Capex…
  9. Investor Presentation – Longview Oil Corp – slide 9
    2014 Capex Budget 56.0 Million Budget Summary Alberta light oil - 35% 1,125 boe/d 65% oil & NGL 17,600 per boe/d Net wells 22.3 6.7 net wells Initial rate 2,675 boe/d Oil & NGL 85% Cost per boe/d 21,000 19.8 Lloydminster oil 3%…
  10. Investor Presentation – Longview Oil Corp – slide 10
    S.E. Saskatchewan Midale Light Oil Q1-Q3 2013 production: 2,110 boe/d Longview has 105 gross (88 net) sections of land along the Midale fairway 62% is direct mineral title ownership 73 gross (57.7 net) lower risk Hz drilling…
  11. Investor Presentation – Longview Oil Corp – slide 11
    S.E. Saskatchewan Weyburn Midale A A Hz drilling potential based on strong vertical well control EUR 350 MSTB A Overview: Cost Efficiency: A Working Interest 91% Cost/well 1.1 million Oil Column up to 20 m IP 30/well…
  12. Investor Presentation – Longview Oil Corp – slide 12
    S.E. Saskatchewan Macoun Midale A A EUR 110 MSTB Overview: Cost Efficiency: Working Interest 73.9% Cost/well 1.3 million Oil column up to 10m IP 30/well 90 boe/d Porosity up to 28% /boe/d 14,444 A Permeability up to 10mD API…
  13. Investor Presentation – Longview Oil Corp – slide 13
    S.E. Saskatchewan Northgate Midale Multi-stage Fracs A 21/11-08-002-03W2/0 11/01-17-002-03W2/0 21/11-16-002-03W2/0 31/09-16-002-03W2/0 31/10-21-002-03W2/0 A 3D Seismic Overview: Cost Efficiency: Working Interest 92.3% Cost/well…
  14. Investor Presentation – Longview Oil Corp – slide 14
    Lloydminster Area - Eyehill Sparky Q1-Q3 2013 Production: 248 boe/d WI: 100%, Operated, 20 API DPIIP: 17.5 million bbls Oil column up to 5m Porosity up to 28% Permeability up to 244mD Recovery Factors: Cumulative production 4%…
  15. Investor Presentation – Longview Oil Corp – slide 15
    West Central Alberta Nevis Wabamun Q1-Q3 2013 Production: 1,588 boe/d WI: 98%, Operated, 39 API DPIIP: 120 million bbls Oil column up to 3m Porosity up to 36% Permeability up to 10mD Recovery Factors: Cumulative production 2%…
  16. Investor Presentation – Longview Oil Corp – slide 16
    West Central Alberta - Sunset A Montney Q1-Q3 2013 Production: 334 boe/d WI: 70%, Operated, 32 API 2013 Multi-Stage frac Hz DPIIP: 53.2 million bbls Oil column up to 15m Porosity up to 20% Permeability up to 150mD Recovery…
  17. Investor Presentation – Longview Oil Corp – slide 17
    West Central Alberta Pembina Cardium 158 Q1-Q3 2013 Production: 58 boe/d 85 188 WI: 100%, 36 API 130 115 DPIIP: 26.1 million bbls Oil column up to 7m Porosity up to 13% 140 Permeability up to 27mD Recovery Factors: 134…
  18. Investor Presentation – Longview Oil Corp – slide 18
    Lloydminster Area Lashburn Waseca Q1-Q3 2013 Production: 280 boe/d WI: 60%, Operated, 12 API DPIIP: 46.1 million bbls Oil column up to 23m Porosity up to 35% Permeability up to 4.3D Recovery Factors: Cumulative production 4%…
  19. Investor Presentation – Longview Oil Corp – slide 19
    Summary Long life, low decline light oil base Corporate decline 19%, P+P RLI: 16.6 years Current annualized yield is 9.9% Monthly dividend payment of 0.04 per share (0.48 annual) Active hedging program July Dec 2013 2,000 bbls/d…
  20. Investor Presentation – Longview Oil Corp – slide 20
    Appendix ( millions) NAV Calculation December 31, 2012 2P Reserves Pv 10%(1) 609.5 Undeveloped land / seismic(2) 48.9 Debt and working capital (124.2) NAV 534.2 Shares outstanding (millions) 46.8 NAV per share 11.41 (1)…
  21. Investor Presentation – Longview Oil Corp – slide 21
    S.E. Saskatchewan Wapella Multi Zone Q1-Q3 2013 Production: 584 boe/d 125m of stacked oil bearing sands WI: 90%, Operated, 25 API DPIIP: 58.2 million bbls Oil column up to 10m Porosity up to 30% Permeability 1 - 5D Recovery…
  22. Investor Presentation – Longview Oil Corp – slide 22
    West Central Alberta - Westerose Banff Q1-Q3 2013 Production: 136 boe/d WI: 52%, Operated, 29 API VRR = 0.65 DPIIP: 29.8 million bbls Oil column up to 30m Porosity up to 30% Permeability up to 400mD Recovery Factors: Cumulative…
  23. Investor Presentation – Longview Oil Corp – slide 23
    West Central Alberta Chip Lake Rock Creek Q1-Q3 2013 Production: 139 boe/d 400 bbls/d High IPs with 217 Mboes recovered in 10 months WI: 100%, Operated, 41 API 420 bbls/d DPIIP: 13.6 million bbls Oil column up to 11m Porosity…
  24. Investor Presentation – Longview Oil Corp – slide 24
    Advisory bbls barrels mcf thousand cubic feet bbls/d barrels per day mcf/d thousand cubic feet per day boe barrels of oil equivalent, on the basis of 1 bbl of oil for 6 mcf of natural gas boe/d barrels of oil equivalent per day…
  25. Investor Presentation – Longview Oil Corp – slide 25
    Contact Information Kelly Drader Auditors President and Chief Executive Officer PricewaterhouseCoopers LLP Lionel Derochie Independent Reserve Evaluators Vice President of Operations Sproule Associates Limited Craig Blackwood Legal…

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