Capitalization and Key Metrics Financial TSX Symbol TT Shares Outstanding (basic) 106.7 MM Current Share Price approx. 0.40 Market Capitalization approx. 42.68 MM Total Net Indebtedness approx. 21 MM Operational 2014-Q1 Average…
Snapshot Today: Transformation is Underway Montney Sales Completed Refinancing Completed New Business Plan and Strategy is Underway Previous business plan focusing on unconventional Montney gas for LNG export resulted in the building of…
New Business Plan & Supporting Strategies 5
New Business Plan Plan is: To build a balanced and focused energy company, which is highly attractive to our investors and to other industry participants Key Elements: Balance is between oil/gas commodities by volume (or boes)…
New Business Plan & Supporting Strategies Short Term Goal: Focus on Oil and NGLs 2017 and beyond - Build focused, profitable 2015 and 2016 and desirable asset base - Move to higher impact investments - A profitable, desirable and…
Near Term Strategies 2014 Build on existing strengths in properties and infrastructure Carry out property reviews to better manage operational efficiencies and infrastructure capacity attend to repairs and maintenance, including…
Mid Term Strategies 2015 & 2016 Build on Key Oil and Liquids Plays to Create Platform for Growth Fine tune completions methods for each play/area Develop detailed well designs and programs to create a drilling inventory with a minimum…
Longer Term Strategies 2017 and beyond At such time as Terra Energy has attained a balanced production base and established a Platform for Growth, our priorities will expand beyond fundamentals and relatively low-risk exploitation…
Near Term 2014 Plans and Guidance 11
2014 Capital Expenditure Plan and Budget Total approved capital expenditure budget = 14,331,000 9.8% 31.5% 12.6% Drilling 1,400,000 Increase Risk Workovers 1,817,000 Recompletions 6,600,000 Tie-ins 4,514,000 Total 14,331,000…
2014 Capital Expenditures Programs Estimated Area Project Name Timing Product Type Project Description WI Net Cost Monias 13-14 well tie in April Gas Tie-in of existing gas well 50 1,400,000 Grande Prairie 6-7 and 13-12 wells May Oil/Gas…
Production Profile 2013 2014 Guidance1 bbls/d Platform for Growth - Base Case Monthly Production Profile (2013-2014 Guidance1) 5,000 Natural Gas NGL Approx. 39% Crude Oil 4,000 3,000 2,000 Approx. 61% 1,000 0…
Operating Income and Net Debt 2013 2014 Guidance1 100,000 4,000 Platform for Growth Base Case Operating Income & Net Debt 90,000 (2013-2014 Guidance1) 3,500 Net Debt 80,000 Monthly Operating 3,000 Income 70,000 Monthly…
Debt / Cash Flow 2013 2014 Guidance1 5.0 Platform for Growth - Base Case - Debt to Annualized Monthly Cashflow 4.5 (2013 2014 Guidance1) 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Jun-14 Oct-14 Feb-14 Mar-14…
Transformation Underway Key Oil Plays 17
Transformation Underway Focus Shift Two Key Oil Plays Terra has shifted its focus to oil and NGLs Terras organization, management team, technical and G&G teams and field personnel have evolved to carry out this focus shift into oil…
Transformation Underway Focus Shift More Oil and NGL Plays More oil plays include: Light oil at Grande Prairie, Alberta Light oil at Boudreau, B.C. Light oil at Boundary Lake South, Alberta All plays are: Located on Terras…
Transformation Underway Two Key Oil Plays plus More Oil Plays Overview Balanced and diversified British Columbia portfolio of oil-weighted Red Creek Stoddart plays Boundary Lake South Alberta Geographically Fort St. John…
Transformation Underway Two Key Oil Plays Belloy Light Oil at Stoddart 2014 3 recent restarts have added over 75 bopd Approx. 16 recompletions planned Takes advantage of existing facilities and infrastructure 2015 and beyond…
Transformation Underway More Oil and NGL Plays Charlie Lake Light Oil at Grande Prairie 2014 Tie in of 2 existing wells at Grande Prairie (225 boe/d combined)1, construction is now completed Recompletion at La Glace 2015 and beyond…
Summary 23
Summary Terra is now focused on oil and NGLs and the transformation of our Company is underway. Terra owns properties with a long established oil production history with known reservoirs, that can be exploited A detailed review of…
Appendices 25
Key Oil Plays Stoddart, B.C. Belloy Oil Oil prone, multi-zone potential 06-19-86-19W6 16-24, 4-35, 6-19 recent recompletions/workovers producing 95 bbls/d of incremental light oil in total Current area production is over 300…
Key Oil Plays Red Creek, B.C. Doig Light Oil Waterflood Scheme1 Under-exploited 100% Terra Doig estuary sands oil pool Acquired in 2005, previous waterflood not optimally placed To date recovery factor of 11% Peak additional…
Key Oil Plays - Red Creek, B.C. Waterflood Economics 1 Peak additional production forecasted at 75-400 bbls/d ROR (BT): 63% Payout: 3.4 years Production (m3/day) Based on 300 m3/day injection 0 1 year 2 years 3…
More Oil Plays Grande Prairie, AB Charlie Lake Oil 2014 Charlie Lake dolomitic sandstone reservoir is an established productive zone in the area Terra controls existing infrastructure; new pipeline has been approved and is underway…
More Oil Plays Boudreau, B.C. Belloy Light Oil Currently producing 330 boe/d from 16 producing wells with 12 wells standing Targeting the Belloy C pool which has produced 0.25 bcf gas and 94.5 mbbls of oil to date Pool boundaries…
More Oil Plays Boundary Lake South, AB Baldonnel Light Oil 2014 Currently producing approx. 64 bopd and 245 mcf/d or 105 boe/d combined Two workovers and recompletions are planned 3D seismic is available across the entire pool…
Year End 2013 NAV Based on 2013 Year-end Reserves Net Asset Value Mar. 31, 2014 Year-end 2013 P+P Reserves (NPV 10%) 1 175,622 Undeveloped Land 2 33,379 Net Debt (21,295) Net Asset Value (NAV) 3 187,706 Shares Outstanding (M)…
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