Eagle Energy Trust VISION GROWTH INCOME Investor Presentation June 2014
Mission Statement VISION We create wealth for investors by combining innovation, expertise and opportunity. GROWTH We target a capital spend and payout ratio that sustains moderate growth and distributes income. INCOME We…
Overview Eagle Energy Trust provides investors with a publicly traded, oil focused reliable distribution paying investment, with favourable tax treatment relative to taxable Canadian corporations. Investors receive a portion of…
Corporate Overview Q1 2014 Working Interest Production: 3,010 boe/d Production Guidance full year 2014 : 3,250 - 3,450 boe/d (average) Production Split: 93% light oil and NGLs Credit Facility: US 90 million Annual Distribution: 1.05 per…
Market Data Ticker Symbol: TSX: EGL.UN Units Outstanding (basic): 33.4 million 52 Week Range: 4.92 - 9.05 Recent price (June 16/14 close): 6.57 Average daily trading volume (30 day): 192,485 units 30 day VWAP: 6.04 Market Cap (June…
Q1 2014 Highlights Average working interest sales volumes of 3,010 boe/d and on track to meet 2014 full year production guidance of 3,250 to 3,450 boe/d. Top quartile field netbacks of 54.29/boe, up 14% from Q4 2013. Canadian dollar…
Hedging Program Hedging Summary 3400 3200 3000 87.90 Fixed Price 2800 90.50 x 94.35 Costless Collar 2600 2400 90.10 x 92.00 Costless Collar 2200 85.40 Fixed Price 2000 BBL/D - OIL 1800 93 x 95.35 Costless Collar 1600…
2014 Capital Budget Eagles 2014 capital guidance is US 28.0 million consisting of: US 3.8 million towards land acquisition and seismic evaluation of future opportunities in Eagles areas; US 24.2 million base investment used to…
2014 Guidance and Capital Budget (cont.) Eagles 2014 guidance with respect to its capital budget, production, operating costs and funds flow from operations is as follows: 2014 Guidance Notes Capital Budget US 28.0 mm (1) Working…
2014 Guidance and Sustainability Benchmarks (cont.) 2014 Guidance Notes Payout Ratios (as a percentage of funds flow) Basic Payout Ratio (i.e.: distribution) 72% (1) Plus: Capital Expenditures (Excluding E capital) 52% (2) Equals:…
2014 Sensitivities Sensitivity of Cashflow (MM) to Commodity Price & Production 2014 Average WTI 90.00 95.00 100.00 3,250 45.6 47.2 48.3 2014 Average WI 3,350 47.4 49.1 50.4 Production (boe/d) 3,450 49.2 51.1 52.4 Sensitivity…
Eagles Areas of Activity Eagle holds a light oil weighted portfolio and operates properties in 3 core areas: Salt Flat (Edwards), Permian (Atokaberry) and Hardeman (Pennsylvanian, Mississippian and Ordorcian). 13
Eagles Areas of Operation Caldwell County Salt Flat Properties 14
Eagles Areas of Operation Martin and Palo Pinto Counties Permian Properties 15
Eagles Areas of Operation Hardeman County Hardeman Properties 16
Eagles Areas of Operation Hardeman County Hardeman Properties 17
Operations Update As of March 31, 2014, Eagle is 55% through its US 28 million capital budget, is pleased with the results of its capital program to date, and has kicked off additional programs to reduce operating costs. At the…
Operations Update (cont.) At the Permian properties: Drilled two vertical wells, with costs coming in under budget. The first well has been completed, is currently flowing back, and is expected to commence commercial production in…
2013 Year-end Reserves Total proved plus probable reserves of approximately 14.3 million boe (76% proved, 36% proved producing). PV10 value of total proved plus probable reserves of approximately US 269.7 million. Reserve life index…
Production History & Forecast 4,000 3,500 3,000 Average WI Production per Quarter (boe/d) 2,500 2,000 1,500 1,000 500 0 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 2014…
Premium Field Netbacks Field Netback1,2 70 60 54.29 50 40 /boe 30 20 10 0 Bonterra Argent Parallel Crescent Point TORC Eagle Whitecap Long Run Baytex Surge Cardinal Zargon…
Highlights Solid metrics: 93% light oil and NGLs Premium netbacks Competitive operating costs Strong balance sheet prudent use of debt Experienced management team and Board Demonstrated ongoing organic growth Predictable…
CONTACT: Richard W. Clark, President and CEO Tel: (403) 531-1575 Kelly Tomyn, CFO Tel: (403) 531-1574 Eagle Energy Inc. Eagle Hydrocarbons Inc. 2710, 500 4th Avenue SW 3005, 333 Clay Street Calgary, AB T2P 2V6 Houston, TX 77002…
APPENDIX 27
Peer Comparison Total Pre-Tax EV / Daily Production Entity Value / Reserve Market Entity Debt / Yield DACF Volume % Gas 2014E Daily P+P Life Index Price Cap Value 2014E CF Current 2014E 2014E 2014E Production Reserves P+P 6/10/2014…
Management Richard Clark, B.A. (Econ), LLB, Director, President and CEO 19 years in the legal profession as a founding partner at a boutique oil and gas law firm, then 10 years at a Canadian national law firm, specializing in…
Management Continued.. Robert Cunningham, Vice President, Business Development (Houston) Over 25 years experience in the oil and gas industry involving business development, finance, energy banking and risk management. James Elliott,…
Board of Directors David Fitzpatrick, P.Eng., Chairman Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer of Shiningbank Warren Steckley, P.Eng., Chair of Reserves…
Loading...
