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AGM Presentation – Terra Energy Corp.

Terra Energy Corp. · Jun 20, 2014 · 15 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. AGM Presentation – Terra Energy Corp. – slide 1
    AGM Presentation June 20, 2013 Main Heading Date
  2. AGM Presentation – Terra Energy Corp. – slide 2
    Corporate Profile Post Transaction Financial TSX Symbol TT Q1 13 Shares Outstanding (basic) Q113 Shares Outstanding (basic) 101 7 MM 101.7 MM Total Net Indebtedness1 20 MM Operational Q113 Average Daily Production (boe/d) il d…
  3. AGM Presentation – Terra Energy Corp. – slide 3
    Natural Gas Price Trend Downturn Within a Paradigm Shift Cdn/US AECO Henry Hub 14.00 14.00 12.00 10.00 8.00 Shift 6.00 4.00 3.00 3.75 Developing AECO 2.00 price range Downturn Main Heading 1/1/2008 2008…
  4. AGM Presentation – Terra Energy Corp. – slide 4
    TSX Energy Index Sector Performance Remains Weak and Flat Cdn AECO TSX Capped Energy Index Index Value 12.00 500 450 10.00 400 350 8.00 300 6.00 250 200 4.00 150 100 2.00 50 Main Heading 1/1/2008 2008…
  5. AGM Presentation – Terra Energy Corp. – slide 5
    M&A Market Trends Lower Cashflows and Weak Equity Markets Creates Shortage of Capital Equity raised by oil and gas companies on the TSX continued to decline 20% decline vs. 2010 (11.2B vs. 8.9B) Trend of decreased capital…
  6. AGM Presentation – Terra Energy Corp. – slide 6
    Timeline Numerous Possibilities Pursued to Strengthen Balance Sheet Announces Reduces credit Montney portion of marketing process facility from assets sales 78 for Duvernay assets 100MM to million to Crew Search for and expands…
  7. AGM Presentation – Terra Energy Corp. – slide 7
    2012/2013 Montney Transaction December 14, 2012: Completed first phase of Montney asset sale to Crew Energy 57 net sections (36,000 acres) in Monias and Groundbirch ( , ) 22 million February 28, 2012: Completed second phase of…
  8. AGM Presentation – Terra Energy Corp. – slide 8
    Post Sale Balance Sheet Decreased Debt Per Barrel Average Daily Production Total Bank Debt (000's)/Boe 8,000 20 7,000 18 n (boe/d) 16 ebt (000s)//boe 6,000 14 14 Average Dailyy Production 5,000 12 4,000 10…
  9. AGM Presentation – Terra Energy Corp. – slide 9
    Net Debt vs. Size Junior Universe Average Daily Net Debt (MM) ( ) Production (boe/d) ( / ) 350 10,000 9,000 300 8,000 8 000 250 7,000 6,000 200 00 5,000 150 4,000 100 100 3,000 3 000 2,000 50 1,000 0 Main Heading…
  10. AGM Presentation – Terra Energy Corp. – slide 10
    Post Sale Assets Strong Position in the WCSB British Columbia Alberta Kitimat Calgary Vancouver Terra Lands Oil Pi li Oil Pipelines Main Heading Terra continues to hold over 350,000 net undeveloped acres Gas…
  11. AGM Presentation – Terra Energy Corp. – slide 11
    Post Sale Assets British Columbia Total B.C. production 2,500 boe/d 2 500 boe/d Terra continues to hold rights to other formations in B.C. Wilder Monias Currently producing approximately 900 boe/d out of the Belloy in…
  12. AGM Presentation – Terra Energy Corp. – slide 12
    Post Sale Assets Alberta Terra Lands Total Alberta production 1,900 Oil Pipelines boe/d Gas Pipelines Production from Alberta accounts Worsley f for most of the oil and Natural Gas t f th il d N t l G Boundary Cecil Liquids…
  13. AGM Presentation – Terra Energy Corp. – slide 13
    NAV Update Post Montney Sale Net Asset Value 2013 P+P Reserves (NPV 10%)1 136,114 U d l Undeveloped Land dL d 29 367 29,367 Seismic at Book Value 7,866 Net Debt (Estimate) (20,000) Net Asset Value (NAV) 153,347 Shares…
  14. AGM Presentation – Terra Energy Corp. – slide 14
    Projects Post Montney Sale Significant inventory of new projects as a result of 18 months of capital constraint: Over one hundred projects Mainly maintenance related but also including well tieins, recompletions, waterfloods and…
  15. AGM Presentation – Terra Energy Corp. – slide 15
    Looking Forward Near Term Goals Complete sale of third phase of Montney to Crew Energy for 36 million and reduce total indebtedness d l d b d Complete short term optimization projects focusing on projects requiring low Complete…

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