Advisory This presentation contains forward-looking financial and operational information including earnings, cash flow, production and capital expenditure projections. These projections are based on the Companys expectations and are…
Company Snapshot Current share price 0.23 Shares outstanding (Basic) 60,580,630 Market capitalization 14.0 MM Bank Credit Facility 32.0 MM Note Term Facility 20.0 MM As At March 31, 2013 Net Debt 31.2 MM Remaining Available…
Current Production 1,100 1,200 BOE/d 55% Oil & Liquids In addition 90 BOE/d behind pipe Reserves as at December 31, 2012 Proved 3.7 MM Probable 1.3 MM Total 5.0 MM % Oil & Liquids 68% Value (10% discount): 87.4 million…
Operations Update 7 additional horizontal development locations and 3 potential satellite pools identified at Hatton on proprietary 3D seismic program. Waiting on equipment for central battery and water injection at Hatton…
Areas of Operation ALBERTA SASKATCHEWAN Peace River Arch Virginia Hills Redwater Edmonton Oil Hatton Gas Calgary Queensdale TSX:SHR
Property Summary Production Behind Undev. Land Area Name (Boe/d) Pipe (Net Acres) Operator Redwater 320 11,965 Yes Queensdale 120 3,996 Yes Virginia Hills 240 28,850 Yes Hatton 100 60 12,438 Yes Peace River Arch 165 8,454 Yes/No…
Low Risk Growth - Redwater Viking light oil resource fairway Over 400 total producing horizontal Viking wells on trend Gas Cap Sure Energy owns 26 gross (17.6 net) producing hz oil wells 30 day IP rates 35 306 barrels of oil…
Redwater Inventory Booked locations recognized by reserve engineers Dec. 31, 2012: 33 gross / 23.95 net Engineering Assumptions 2P Reserves per well: 37.5 115 Mboe IP (30) per well: 64 - 118 BOE/d Average well cost 1.4 2.3…
Redwater Drilling Economics Initial Prod. Avg. 1st 10% On stream Rate Year Recoverable NPV ROI PO cost Recycle bopd Prod. Reserves MM % yrs /BOE Ratio 100 55 90 2.22 92 1.0 15.87 4.8 80 44 70 1.47 59 1.3 20.40 3.7 60 33 50…
Upside - Hatton 3 producing wells. Production will be optimized once facilities are in place. Battery construction including water disposal underway 2 wells granted Concurrent Production and Good Production Practice 12,640…
Hatton Isopach Map Sandbar Isopach as modeled from integrated geology and 3D seismic TSX:SHR
Hatton Proposed Horizontal Development Plan Independent engineering study recommends horizontal drilling to optimize drainage Initial stage of 7 horizontal development wells TSX:SHR
Hatton Theoretical Drainage Pattern Vertical wells assigned 47 60 thousand 6 7 barrels of recoverable reserves per well 2 (Sproule Dec 31, 2012) 3 Horizontal wells modeled to recover 100 thousand barrels of oil per well 4 1…
Hatton Horizontal Well Financial Basics NETBACK (C) ECONOMICS Western Canadian Select (75) Tied-in Well Cost 1,295 Fosterton discount (3) Reserves 100 K barrels Fosterton price (72) F&OS cost 12.95 Clean oil trucking (4) Recycle…
Queensdale 0.5 mmbo Area of prolific Mississippian light oil Jurassic Pool +0.4 BCF production both horizontal and vertical 12.3 mmbo +4.8 BCF New pool 5 horizontal Alida wells producing Initial well paid out in 3 months…
Virginia Hills Viking Viking light oil resource play Vertical production adjacent in primary reservoir facies No horizontal drilling to date Vertical Viking wells producing from resource 10 15 metres prospective section facies…
Exploration Upside WI Hatton Satellite 1 Heavy Oil Vertical 100 Hatton Satelitte 2 Heavy Oil Vertical 100 Hatton Satellite 3 Heavy Oil Vertical 100 Queensdale Oil Vertical/HZ 100 Viewhill Light Oil Vertical 100 Virginia Hills…
Production (6:1) Average Daily Production (Boe/d) 9.16 Oil & NGLs 7.36 7.43 Gas Production per share 5.87 (boe/1,000 shares) 1,234 (based on weighted average shares) 4.03 1,220 3.60 944 728 611 662 373 281 236 3 32…
Proved plus Probable Reserves (6:1) 122.00 Oil & NGLs Gas Reserves per share 92.30 94.20 (boe/1,000 shares) 5,925 (based on weighted average shares) 69.22 4,999 4,470 37.30 40.14 25.77 3,245 1,512 1,065 735 2006 2007…
Net Asset Value Working Capital Options 1.72 1.73 Seismic Undeveloped Lands Reserves (P+P)(8%) 1.27 1.26 NAV per share 0.93 0.84 0.81 2006 2007 2008 2009 2010 2011 2012 TSX:SHR
Company NAV NPV 10% (as at Dec. 31, 2012) Total proved plus land and seismic 0.71 Total proved plus probable plus land and seismic 1.12 TSX:SHR
Highlights Extensive inventory (56 net locations) of low risk oil development wells at Redwater. Development underway on new heavy oil discovery at Hatton. Extensive inventory of gas and oil exploration locations with high working…
Officers Jeffrey S. Boyce, Chairman, CEO and Director Professional Landman, 32 years in industry Co Founder Vermilion Resources & Clear Energy Previously CEO, Clear Energy Chris Baker, B.Sc.Hons, President, COO and VP Exploration…
Directors Jeffrey S. Boyce, Chairman & CEO, Sure Energy Inc. Larry Macdonald, Chairman & CEO, Point Energy Inc. Tom Stan, President & CEO, Corval Energy Ltd. Daniel G. Kolibar, Partner Securities and Capital Markets, Borden…
Deans Knight Term Facility Closed 20 MM Term Facility (3 year) on Dec 21, 2010 Principal draw amount at closing 10 MM Interest Rate 6.25% Standby Rate 0.25% Draw in minimum 2.5 MM increments 2.5 MM 3 year Warrants 1.80 issued at…
Corporate Services Reservoir Engineers Sproule Associates Limited Auditors Deloitte & Touche LLP Trust Company Valiant Trust Bankers The National Bank Lawyers Borden Ladner Gervais LLP TSX:SHR
Contact Information Sure Energy Inc. Suite 1100 606 4th Street S.W. Calgary, Alberta T2P 1T1 Phone: (403) 410-3100 Fax: (403) 410-3111 Webpage: www.sureenergyinc.com Email: infosureenergyinc.com Jeffrey S. Boyce, Chris Baker,…
Loading...
