Alberta Viking Light Oil Acquisition NOVEMBER 2014
TORO OIL & GAS OVERVIEW Toro Oil & Gas Ltd. is a Calgary-based junior oil and gas company engaged in the acquisition, development and production of light oil and liquids rich horizons within Western Canada On Sept. 15, 2014, the founding…
TORO OIL & GAS CURRENT PROFILE Share counts are pro forma a 25:1 consolidation approved by shareholders on November 20, 2014, expected to close mid-December STOCK SYMBOL TOO.V BASIC SHARES 34.3 million DILUTIVE SECURITIES 7.9…
MANAGEMENT TEAM & BOARD OF DIRECTORS Barry Olson, President & CEO, Director 30+ years of engineering and senior management experience in the oil & gas industry Country Manager, Pacific Oil & Gas Ltd., Founder, President & CEO of Orleans…
ALBERTA VIKING LIGHT OIL Acquisition Overview Toro is acquiring a large, high-quality, low Viking Acquisition Summary decline, large oil in place pool asset with Transaction Value (90% Cash) MM 25 significant near term development…
VIKING UNIT PROPERTY 100% working interest in Viking oil Unit Very low drilling density on average 2 oil wells per section Only 8 horizontals drilled to date Low cost future development wells of C950MM /well D,C,E&T Waterflood…
EXTENSIVE UNIT PRODUCTION HISTORY Current production estimated 30 years of stable oil cut 400 boe/day Base decline of 7% per year Peak production 5,000 bbl/d Oil cumulative to date of First horizontal wells added 16 MMbbl 300…
VIKING TYPE WELL AND ROR Low cost of capital Drill, Case, Complete, Tie-in cost of 950K NPV-10 values of 1MM - 1.8MM per well US78/bbl (WTI) High rates of return in spite of lower oil pricing Payout in less than one year (Type…
SUMMARY Acquisition of high-quality, low decline, large light oil in place pool 90 net sections of land in the prolific Alberta Viking fairway Extensive infrastructure already in place Upside potential includes horizontal…
CONTACT INFORMATION TORO OIL & GAS LTD. 2200, 250 5th Street SW Calgary, AB T2P 0R4 Phone: 403-237-9996 Fax: 403-264-0416 Emergency phone: 403- 770-6832 Administration e-mail: oadminkallistoenergy.com Barry Olson Don Sabo President &…
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