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INVESTOR PRESENTATION – Gordon Creek Llc

Gordon Creek Llc · Aug 1, 2014 · 26 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. INVESTOR PRESENTATION – Gordon Creek Llc – slide 1
    TSX-V: TBD USA - OTC: TBDYD
  2. INVESTOR PRESENTATION – Gordon Creek Llc – slide 2
    Highlights NAV - 3.75 per share* NI 51-101 Valuation of US55 Million (January 31, 2013) Over 50% of land position currently not included in reserve valuation 2012-2013 acquisition and infrastructure program resulted in: Increase…
  3. INVESTOR PRESENTATION – Gordon Creek Llc – slide 3
    Highlights Management David Evans P. Geol. Ph.D Chairman Rick Ironside P.Eng. MBA President, Chief Operating Officer Barry Brumwell C.E.T. Vice President of Operations Over 90 years collective experience creating, building and…
  4. INVESTOR PRESENTATION – Gordon Creek Llc – slide 4
    Gordon Creek - Natural Gas Conoco Drunkards Wash Field 888 Bcf to date 610 wells 1.25 Tcf projected 2.0 Bcf/well based on 4 wells per section Thunderbird Gordon Drunkards Wash Creek Field 6500 ASL 5.1 Bcf to date 19…
  5. INVESTOR PRESENTATION – Gordon Creek Llc – slide 5
    Gas Reserves: By Category GAS (MMCF) Reserve Category 2010 2011 2012 2013 Proved Reserves Proved Developed Producing 1,110.9 967.3 651 1,705 Proved Developed Non-Producing 3,673.6 2,410.5 6,800 8,374 Proved Undeveloped…
  6. INVESTOR PRESENTATION – Gordon Creek Llc – slide 6
    Oil & Gas Reserves: Discounted NPV 2010 2011 2012 2013 PV10 PV10 PV10 PV10 Reserve Category (US 000) (US 000) (US 000) (US 000) Proved Reserves Proved Developed Producing 2.314 1.482 1,200 1,162 Proved Developed…
  7. INVESTOR PRESENTATION – Gordon Creek Llc – slide 7
    Gathering System & New Locations 013S008E 013S009E 19 20 21 22 23 24 20 21 22 19 GORDON CREEK COMPRESSION & 23 24 ELECTRIFICATION FACILITY 30 29 28 27 26 25 30 29 28 27 26 25 31 32 33 34 35 36 31 32 33 34 QUESTAR…
  8. INVESTOR PRESENTATION – Gordon Creek Llc – slide 8
    Drunkards Wash 2009 Best Practices Study 2 70 0 31 013S008E 013S009E 15 14 13 00 30 0 0 Gordon Creek 19 20 21 22 23 24 19 20 21 22 23 24 00 35 22 23 24 33 00 30 29 28 27 26 25 30 29 28 27 26 25 30…
  9. INVESTOR PRESENTATION – Gordon Creek Llc – slide 9
    Highlights 2009 Best Practices Study Forecast Volumes - Economic Drunkard's Wash - Average Well Limit - 35 mcf/day 32 Years, MMcf, MSTB 500 4 year average decline = 7.8% and moderating 0 443 450 685 400 1330 350 216.5 194.8…
  10. INVESTOR PRESENTATION – Gordon Creek Llc – slide 10
    Highlights 2009 Best Practices Study Technical Analysis Study of completion practices, logs and statistical data for 140 wells in close proximity to Gordon Creek Coals and sands are equivalent and can be mapped from Drunkards Wash…
  11. INVESTOR PRESENTATION – Gordon Creek Llc – slide 11
    Initial Rates High Water, Low Gas 16 18 17 16 15 14 15 14 13 18 13 18 17 16 15 14 13 18 17 16 17 15 14 013S008E 013S009E 14 13 GORDON CREEK 19 20 21 22 23 24 19 20 21 22 23 24 20 21 22 23 24 19 20 21 22 23 23 24…
  12. INVESTOR PRESENTATION – Gordon Creek Llc – slide 12
    Initial Rates High Water, Low Gas 13
  13. INVESTOR PRESENTATION – Gordon Creek Llc – slide 13
    Initial Wells Require Dewatering Early (1997) Drunkards Wash - Very High Water Production Well Water peaks at 2500 bwpd Gas peaks at 1.5 MMcf/day Gas will produce for 30 years Water dies after 6 years 14
  14. INVESTOR PRESENTATION – Gordon Creek Llc – slide 14
    Full Cycle Economic Analysis NYMEX Gas Price vs. IRR and Payout 180 160 IRR (%) , Payout (MTHS) 140 120 100 PAYOUT (MTHS) 80 IRR (%) 60 40 20 0 0 1 2 3 4 5 6 7 8 9 NYMEX GAS PRICE (US ) 15
  15. INVESTOR PRESENTATION – Gordon Creek Llc – slide 15
    Shale Gas Play Comparisons Gordon Creek - Compared to a Ranking of the Various Natural Gas Shale Plays 8.00 7.00 6.00 * Break Even - /Mcf 5.00 4.00 3.00 2.00 1.00 0.00 * Economic Break Even Assumes 20% Before…
  16. INVESTOR PRESENTATION – Gordon Creek Llc – slide 16
    Full Cycle - Economic Analysis Well Parameters To be conservative, we have assumed a 25% reduction in reserves and IP rates Average reserves of 1.45 Bcf per well First year average rate of 370 mcf/day raw gas Average SITLA, Fee…
  17. INVESTOR PRESENTATION – Gordon Creek Llc – slide 17
    OIL : Weston County, Wyoming Weston County, WY Lands are highly prospective for new Niobrara horizontal oil shale play Donkey Creek North Brennan Robinson Ranch 2011 test well with Niobrara oil shows Grasshopper Olds Butte…
  18. INVESTOR PRESENTATION – Gordon Creek Llc – slide 18
    OIL : Weston County, Wyoming Niobrara 2011 Permits 3000 2011 Wyoming Permits 3000 Gordon Creek Lands 21
  19. INVESTOR PRESENTATION – Gordon Creek Llc – slide 19
    Summary WHY NATURAL GAS Cheap: Energy equivalency ratio oil to gas - touching all time highs in recent years 25%+ fuel savings for fleet conversion 1.5 year pay back Clean: 25% less CO2 emissions than oil; 50% less than coal…
  20. INVESTOR PRESENTATION – Gordon Creek Llc – slide 20
    The Global View Energy Self Sufficiency: US imports 11 million barrels of crude oil per day 500 Billion paid out annually to foreign corporations and governments Converting truck fleet alone could reduce this by over 20% Global…
  21. INVESTOR PRESENTATION – Gordon Creek Llc – slide 21
    Summary WHY GORDON CREEK ENERGY Currently trading at fraction of NAV Recent wells have proven the model (since last reserve valuation) more pay than expected potential for higher average rates whole business / development plan…
  22. INVESTOR PRESENTATION – Gordon Creek Llc – slide 22
    Management W. D. Cameron White - Director, Chief Executive Officer Mr. White has been involved in the natural resource business since 1981. His experience includes 14 years as a corporate and securities lawyer specializing financing,…
  23. INVESTOR PRESENTATION – Gordon Creek Llc – slide 23
    Independent Directors David Evans- Director, Chairman Mr. Evans holds a B. Sc. (Honours), (London) as well as a Ph. D. Geology (Wales). He has 30+ years of experience in the oil and gas industry, in both technical and senior management…
  24. INVESTOR PRESENTATION – Gordon Creek Llc – slide 24
    Market Summary Market Summary TSX-V: GDN Shares Outstanding: 10.1 Million Fully Diluted: 12.0 million Net Asset Value 45 million * Per Share 3.75 (fd) * Based on 2013 NI 51-101 Reserve Report less debenture debt 27
  25. INVESTOR PRESENTATION – Gordon Creek Llc – slide 25
    Forward Looking Statements Certain information contained in this presentation has been obtained from generally recognized, third-party sources and has not been verified independently by the Company. Certain statements contained in…
  26. INVESTOR PRESENTATION – Gordon Creek Llc – slide 26
    Organization GORDON CREEK ENERGY INC Thunderbird Energy Inc. (US) Corporate Information Listed TSX Venture Exchange: Symbol GDN US OTC TBDYD Calgary Office Vancouver Office Suite 1350, 734 7th Avenue SW Suite 401 533…

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