Establishing Top Tier Sustainable Growth TVE: TSX-V April 2014 www.tamarackvalley.ca 1
The Tamarack Team Management Board of Directors Brian Schmidt, President & CEO Floyd Price, Chairman Current: CAPP Chair, IOGC Board Member Former: Spearpoint Energy (President), Apache Canada (President) Dean Setoguchi Ron Hozjan,…
Tuck-in Deals Completed to Date Estimated Acquisition Capital / Gross Net Net % Area Royalty Gross Acreage Size Locations Locations Reserves Liquids (mboe) Land acquisition Blue Rapids 0.5 mm Land acquisition Alder Flats 0.7 mm 12.0…
Tamaracks Strategy 1. Select the Right Real Estate Non - Select high hydrocarbon in place (4 mmboe Resource Play Conventional or 25 bcf per section) Tamarack Tight Sands (Cardium, Viking, Demonstrate success in analogs Deep…
Premier Oil Areas Repeatable, Sustainable, Scalable Existing TVE Core Areas Greater Redwater Viking Oil Q4/13 Production 1,000 boe/d Netback 58-60/boe Inventory 200 wells Heavy Oil Cardium Oil Q4/13 Production 155 boe/d Q4/13…
Booked Farm-in Reserves will increase with production history Alder Flats 9-33 Current Booking 760 mboe 2.8 mmboe of reserves were booked on the farm-in lands PUD Only 6.75 net wells were booked out of PDP the identified 120…
2013 Reserve Highlights In only one quarter TVE added 2.8 mmboe from the farm-in which will grow with production history and additional new drilling Future development costs of 203 million represent only two years of capital spending…
West Central Cardium Farm-in Summary West Pembina Buck Lake TVE is exceeding drilling commitment to the major 8 sections drilled to date vs 3.5 sections required in agreement By Dec 31/14 13.5 net sections vs 8.5 in Brazeau the…
Alder Flats & Wilson Creek Alder Flats 9-33 Wilson Creek and Alder on production TVE farm-in lands early March Increased working interest Flats wells paid 100% D&C Hz well to earn 70% Oil well Wilson Creek drilled two 100% wells;…
Wilson Creek Tamarack vs. Industry Type Curves 600 IP30 IP60 Industry avg. oil frac Producing Days (boe/d) (boe/d) Industry avg. slick water frac 500 TVE pre-drill economics 1-1-44-5W5 907 440 Avg. first 2 TVE wells 2-1-44-5W5 887…
Brazeau & Blue Rapids On prodn Apr/14 TVE farm-in lands Brazeau well paid 40% D&C Increased working interest Hz well to earn 28% WI Licensing Oil well Blue Rapids 5-23 well paid 75% D&C to earn 58% WI Spring drilling Blue Rapids…
Viking Oil Trend Trend is characterized by: High OOIP / sec Virginia Hills Shallow depth Low gas oil ratios TVE North Redwater / (GOR) 100% Westlock Successful step out JV with a major well drilled in late 2012 200 net low risk…
Upcoming Catalysts Spring 2014 drilling program A chance to reduce DC&T per well costs through pad drilling and through using higher quality services A successful spring drilling program could create production adds when peers are…
Start-up Schedule January February March April Prod. WI Wilson Creek 1-1 70% Wilson Creek 2-1 70% Wait on 3rd Party Shutdown Restricted Rates 70% Alder Flats 9-33 Wait for 3rd Party Pipeline 28% Brazeau 9-32 Restricted Rates…
Building Credibility - Six Month Review What we said we would do What we did in Objectives for Q413 / Q114 Q4 2013 Q2 / Q3 2014 Produce 4,050+ boe/d average for Achieved 2013 production guidance and Produce 4,700 boe/d average for…
Summary Cardium and Viking inventory establishes a Manufacturing platform for growth Results to date on farm-in lands exceed industry offsets & internal type curves Inventory portfolio provides flexibility across oil and liquids rich…
Appendix 19
Current Hedges as at January 1 2014 Term Hedge type Counterparty Volume Pricing January 1, 2014 to March 31, 2014 WTI fixed price Macquarie Bank 1,100 bbls/d Cdn 95.70/bbl April 1, 2014 to June 30, 2014 WTI fixed price Macquarie Bank…
Building Credibility - Six Month Review What we said we would do What we did Objectives for Q2/Q3 2013 Q2/Q3 2013 Q413 / Q114 Live within means, keep debt/CF at Produce 4,050+ boe/d average for Q4/13 & Achieved YE target: Debt/CF…
Building Credibility - Six Month Review What we said wed do for Q4/12 to Q1/13 What we did Q4/12 to Q1/13 Focused drilling on wells…
Capital Efficiencies Leading to Sustainability Lochend & Garrington Cardium oil Redwater Viking oil 1,600 Production Efficiency (IP 365) 25,000/boe/d 1,000 Production Efficiency (IP 365) 27,000/boe/d 1,400 Production (boe/d)…
Farm-in Analysis Land cost is approximately 1,200/acre (excluding benefit of TVE processing fee advantage) Pay only for land on what you drill, when you drill; efficient way to gain access to a large block of land Using drilling…
TVE Contact Information Tamarack Valley Energy 3100, 250 6th Avenue SW Calgary AB T2P 3Y7 Tel: 403.263.4440 www.tamarackvalley.ca infotamarackvalley.ca 25
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