Skip to main content CORPORATE PRESENTATION – Tourmaline Oil Corp. | Shale Experts
Loading...
Pm

CORPORATE PRESENTATION – Tourmaline Oil Corp.

Tourmaline Oil Corp. · Sep 1, 2014 · 38 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. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 1
    Tourmaline Oil Corp. Corporate Presentation September 2014
  2. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 2
    2 Current Status Sept 2014 Production Overview 2014 average production forecast of 120,000 (approx 60% year over year growth) Approximately 43,300 boepd (230 mmcfpd, 5,000 bpd oil and condensate) to be brought on stream during 2H…
  3. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 3
    3 EP Performance 2009-2013 Mar 2014 Production Growth Per Share* Reserves Growth Per Share* 160 3.5 Production per Thousand Shares Reserves per Share (BOEs) 140 3 120 2.5 100 2 (BOEs) 80 1.5 60 1 40 20 0.5 0 0…
  4. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 4
    4 Deep Basin Overview Sept 2014 Tourmaline has assembled the largest land position (1.3 million acres), delineated the largest drilling inventory (7,200 locs) and has become the second largest producer (current 75,000 boepd) in…
  5. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 5
    5 Alberta Deep Basin Sept 2014 R. 9 R. 7 R. 5 R. 3 R. 1, W6M R. 24 R. 22 R. 20 T. 63 Current Production 75,000 boepd Current Reserves 304.9 mmboe (Jan 1, 2014) Tourmaline Land Base 2,150 sections T. 61 Musreau Tourmaline Drilling…
  6. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 6
    Alberta Deep Basin: 6 Notikewin/Falher Hz Program Sept 2014 R. 9 R. 7 R. 5 R. 3 R. 1, W6M R. 24 R. 22 R. 20 T. 63 Kakwa 1-2 25.8 mm/d 14.1MPa Kakwa 13-20 21.0 mm/d 12.8MPa Wild R 12-28 T. 61 Musreau/ 30 day IP 22.4 mmcfpd…
  7. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 7
    7 Alberta Deep Basin: Wilrich Regional Resource Play Sept 2014 R. 9 R. 7 R. 5 R. 3 R. 1, W6M R. 24 R. 22 R. 20 T. 63 Tourmaline Lands Kakwa 13-15/4-10 Pad (Nov/13) 54.6 mmcf/d IP, 360 bbls/day cond Tourmaline Gas Plant Musreau…
  8. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 8
    8 Alberta Deep Basin Infrastructure Sept 2014 R. 7 R. 5 R. 3 R. 1, W6M R. 24 R. 22 R. 20 Tourmaline Tourmalines 1.3 MM Acres, the largest land position in the Musreau 8-13 TCPL Main Line Deep Basin, is serviced by a network of 6…
  9. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 9
    NEBC Montney Gas Condensate and Peace 9 River High Charlie Lake Oil Core Areas Sept 2014 R23 R21 R19 R17 R15 R13 R11 R9 R7 R5 R3 R 1, W6M NE Alberta BC T85 Parkland Wabamun Gas Pool Devonian Parkland Non-Deposition T83 Montney…
  10. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 10
    10 Sunrise/Dawson NEBC Montney/Doig Development Sept 2014 Current Prod. 200-210 mmcf/d Westcoast 3,500-4,000 bopd (cond,ngls) McMahon Gas Plant 5,000 boepd tested behind pipe Current Reserves 235.0 mmboe (Jan 1, 2014) 2014…
  11. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 11
    11 Tourmaline Regional Montney Play BC/AB Sept 2014 R9 R5 R1W6 R20Tourmaline R16 is the 5th R8W5 T95 largest Montney producer in Canada through development of only one of its four Montney play areas The companys T91 Montney…
  12. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 12
    Peace River High Regional Charlie Lake 12 Resource Play Sept 2014 Tourmaline Earring 15-16 R. 10 R. 9 R. 730 API Oil 440 bbls/d R. 5 2013 Spirit River Charlie Lake Drilling Summary 2.7 mmcfpd Gas 1,200 Horizontal Locations…
  13. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 13
    13 New E&P Plays and Opportunities Sept 2014 Paleozoic Gas Play Regional Charlie Lake Oil Play 200-300 bcf targets 2013 regional discovery. Est 10 Prospects ultimate Reserves of 0.5 billion boe (Company estimate), 1 suspended…
  14. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 14
    2H 2014/1Q 2015 EP Drilling 14 Program Highlights May 2014 A 20 rig program overall. 6 Patterson, 3 Jomax, 3 Trinidad, 2 Nabors, 2 Beaver, 2 Precision, 1 Ironhand, 1 DC 82 Deep Basin horizontal wells. 55 Wilrich, 17 Notikewin,…
  15. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 15
    15 Production & Reserves Growth Feb 2014 Production 120,000 100,000 80,000 BOEPD 60,000 40,000 20,000 0 2009 Avg 2010 Avg 2011 Avg 2012 Avg 2013 Avg 2014 Avg (F) Reserves (GLJ) 2010 2011 2012 2013 Reserves 600…
  16. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 16
    16 Tourmaline Improving Capital Efficiencies Sept 2014 60,000 53,484 Migration to 90% hz wells in 2H 2012/2013 Migration to multi-well pads in 2013/2014 50,000 47,643 Fewer vertical pilots in 2014 vs 2013 40,000 32,170…
  17. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 17
    17 Gas Development Location Inventory and Economics Apr 2014 AB Deep Basin Outer Foothills AB Deep Basin B.C. Montney Charlie Lk Vertical Vertical Horizontal Horizontal Horizontal Total Well Costs 4.0 5.0 5.25 3.6 3.6 (Drill, Case,…
  18. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 18
    18 5 Year Development Outlook Sept 2014 Production Outlook 260,000 240,000 2018 Production 220,000 2017 Production 200,000 2016 Production 180,000 160,000 2015 Production BOE/Day 140,000 2014 Production 120,000 Base…
  19. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 19
    Tourmaline Gas Growth Outlook 19 (Realistic Upside Case, Assumes 20 Drilling Rig Program through to Exit 2015) July 2014 Area/Plant Exit 2014 Volume (Est) Exit 2015 Volume (Est) (mmcfpd) (mmcfpd) Alberta Deep Basin Wild River 150…
  20. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 20
    20 EP Plan/Capital Estimate Upside Case (2H 2014/2015) Drilling (20 Rig Program) Deep Basin 150 Wells 750 mmcfpd (5 mm/d 30 day IP) 975 M NEBC Montney 75 Wells 375 mmcfpd ( 5 mm/d 30 Day IP) 375 M Peace R High 60 Wells 60 mmcfpd, 9,000…
  21. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 21
    21 2010-2013 Cost Reduction Strategy Mar 2014 Operating Costs General and Administrative Costs 2.46 8.00 2.50 7.00 2.00 6.51 6.34 6.00 1.50 /boe /boe 5.58 1.29 1.02 5.00 1.00 0.79 4.43 0.74 4.35 4.00 0.50…
  22. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 22
    22 2014 Base Budget/2015 Outlook Sept 2014 2014 2015 (Prelim.) Capital Spending (not including acquisitions/dispositions) 1,350.0 million 1,350.0 million Annual Average Production 120,000 boe/d 164,500 boe/d Average Q4 2014 /Q4…
  23. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 23
    23 EP Outlook Q2 Q4 2014 Sept 2014 Major 2H 2014 Facility start-ups at Spirit River (new gas plant with enhanced liquid recovery and power generation), Doe and Sundown BC, Musreau and Wild River AB (existing plant expansions)…
  24. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 24
    24 Capitalization to Date Insiders Public Total millions of shares Price* millions of shares Price* 2008 Financings Common shares 28.50 5.16 22.0 7.00 301.00 2008 Financings Flow through shares 1.25 10.00 1.25 10.00 25.00 2009…
  25. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 25
    APPENDIX
  26. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 26
    26 Hedging Summary 2014 Sept 2014 2014 Gas Hedges (August December) Volume Weighted Avg Price mcf/d /mcf(2) Fixed Price Hedges AECO (CDN)(1) 171,232 4.16 Fixed Nymex (CDN)(3) 43,397 4.49 Total Fixed Hedges 214,628 4.23 % gas…
  27. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 27
    27 Hedging Summary 2015 Sept 2014 2015 Gas Hedges (January December) Volume Weighted Avg Price mcf/d /mcf(2) Fixed Price Hedges AECO (CDN)(1) 81,507 4.35 Fixed Nymex (CDN)(3) 5,000 4.67 Total Fixed Hedges 86,507 4.37 % gas…
  28. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 28
    28 EP Growth Plan (Original Business Plan) Sept 2008 Primary growth mechanism will be a conventional EP Program (including Resource plays). Build 2-3 core EP areas during initial three years of operations. Strive for large…
  29. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 29
    29 Western Canadian Sedimentary Basin Selected Exploration & Production Opportunities NORTHWEST TERRITORIES Alta. Deep Basin Peace River High Charlie Lk. Oil. Alta./NEBC B.C. ALBERTA Resource Plays Peace River High…
  30. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 30
    30 Deep Basin Historical Production/Reserves (Remaining Cretaceous Potential) The Alberta Deep Basin is one of the largest sweet gas provinces in the world. The unique geologic setting offers multiple, stacked opportunities in a…
  31. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 31
    31 Alberta Deep Basin Development Summary July 2014 Depositional Seismic TOU Vertical Horizontal Wells/ Environment Mappability Completions Completions (7 Geologists) (3 Geophysicists) (6 Pete Engineers, 4 Ops Engineers)…
  32. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 32
    32 North East BC Montney Water Management July 2013 Non-potable water sourced lined reservoir for frac operations (2 non-freshwater wells) Separate water pipeline system to existing and future pads. Frac water pumped to pads…
  33. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 33
    33 Improving Montney Performance/ Efficiency History (More for Less) Montney Performance/Efficiency History (Duvernay/Tourmaline) 20 10 Initial Production Rate (mmcfpd) 15 Drill/Complete Cost (M) 10 5 5 0 0…
  34. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 34
    34 Growing a 50,000 bpd Liquids Business Sept 2013 The Regional Charlie Lake oil resource play and the ngl/condensate projects in all three core EP areas provide the opportunity to grow to 50,000 bpd within 3 years. Spirit…
  35. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 35
    35 The Golden Age of Gas Technological change and low prices have dramatically improved the efficiency of the remaining Natural Gas Business. Natural Gas is the logical bridge energy source for the next 2-3 decades. Plentiful,…
  36. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 36
    36 Production Growth (boepd) 1H 2014 Canadian Intermediate EP 25,000 20,000 15,000 Boepd 10,000 5,000 0 TOURMALINE Intermediate Competitors -5,000
  37. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 37
    YOY Production & CFPS % Growth 37 TOU & US Natural Gas Producers July 2014 2014E Vs 2013 Actual Boe/d 2014E CFPS % Growth 110% 90% 70% YoY % Growth 50% 30% 10% EQT CABOT RANGE ULTRA…
  38. CORPORATE PRESENTATION – Tourmaline Oil Corp. – slide 38
    2014 Debt to Cash Flow (Est.) 38 TOU & US Natural Gas Producers July 2014 3.55 3.31 3.30 3.05 2.80 2.55 2014 D/CF (Est.) 2.30 2.05 1.80 1.55 1.30 1.05 0.80 0.55 0.30 0.05 EQT CABOT RANGE CHESAPEAKE…

From the store

Browse maps, data & reports in the Shale Experts store