RightPeople,RightRigs,RightPartners,RightAttitude Geographic Position & Outlook British Columbia Alberta Saskatchewan North Dakota Texas Mexico 4 Rigs 11 Rigs 13 Rigs 6 Rigs 14 Rigs 2 Rigs (2 Svc) Demand for Deep Basin well…
RightPeople,RightRigs,RightPartners,RightAttitude North American Resource Plays Depths, Economics & Activity Levels Producer Returns Remain Attractive for Resource Plays that CanElson is Actively Drilling The…
RightPeople,RightRigs,RightPartners,RightAttitude Drilling Rig Fleet Vertical Depth & Operating Areas 0 3,300 6,600 Meters 9,900 Feet 13,200 16,500 19,800 23,100 BC (4) Alberta (11) Saskatchewan/Manitoba (13)…
RightPeople,RightRigs,RightPartners,RightAttitude The CanElson Mechanical Tele-Double vs. a Typical Industry AC Triple CanElson Mechanical Tele-Double Industry AC Triple Capital Cost 8.5 MM 10.0 MM 20.0 MM 30.0 MM Total Vertical…
RightPeople,RightRigs,RightPartners,RightAttitude Setting the Pace for Horizontal Wells in the Permian Basin CanElson Tele-Double Drilling Curves The chart shows horizontal wells drilled by a CanElson Mechanical Tele-Double for one…
RightPeople,RightRigs,RightPartners,RightAttitude Financial Performance Trailing Twelve Month Return On Equity Going Forward Seek out Win-Win scenarios, by providing the best results for Customers and Shareholders Less drilling…
RightPeople,RightRigs,RightPartners,RightAttitude Financial Performance Trailing Twelve Month Free Cash Flow Yield Notes Continue to pay a strong dividend (0.06/share quarterly) Continue to maintain industry leading balance sheet…
RightPeople,RightRigs,RightPartners,RightAttitude Financial Performance Net Debt to Trailing Twelve Month Funds Flow Notes CanElson has consistently maintained a strong balance sheet, with debt leverage ratios significantly below…
RightPeople,RightRigs,RightPartners,RightAttitude Corporate Directory Head Office Analyst Coverage 700, 808 4th Avenue SW AltaCorp Capital Inc. Dana Benner Calgary, AB T2P 3E8 Canaccord Genuity John Bereznicki FirstEnergy Capital…
Appendix 1: Experienced Board Elson J. McDougald Founding CEO and Chairman of Western Lakota Energy Services Inc. Executive Chairman Founding CEO and Chairman of Tetonka Drilling Inc. & Laredo Drilling Inc. Donald R. Seaman Founding…
Appendix 2: Experienced Management Team Randy Hawkings, COO of Western Lakota Energy Services Inc. P.Eng, 35 years of domestic and international E&P and energy services experience President, CEO & Director Worked as drill site engineer,…
Appendix 3: Financial and Share Data Common Shares2 92.5 million Current Share Price1 7.22 / share Market Capitalization 668 million Debt (less cash)2 36 million Enterprise Value 704 million Positive Working Capital (excludes cash…
Appendix 4: Second Quarter Results For the three months ended June 30, 2014 2013 % change Services revenue 61.9 37.5 65 % Adjusted EBITDA 16.3 9.0 81 % Share of profit of unconsolidated joint venture 0.6 0.5 25 % Net income…
Appendix 5: Revised Capital Program & Rig Assembly Schedule 2014 Capital Program (109.1 million): Spare equipment facility & Upgrades & Capital Expenditures ( millions) overhead maintenance Expansion CanGas Total Capital expenditures…