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BMO Capital Unconventional Resource Conference – Athabasca Oil Corp

Athabasca Oil Corp · Jan 14, 2014 · 23 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. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 1
    January 2013
  2. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 2
    A Unique Opportunity in Alberta A growth strategy built on material thermal oil sands and light oil developments Assets Extensive positions in Albertas prolific thermal oil sands and light oil resource plays Located in a stable…
  3. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 3
    Pillars of Growth, Complementary Assets Light Oil Light Oil barrels of oil Caribou Q3 2013 5,800 equivalent per day production (boe/d)(1) Thermal Oil million (MM) acres Land base 2.7 (net) Proved plus 22.0 MMboe probable…
  4. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 4
    Delivering Results Thermal Oil Contingent Resource Growth Thermal Oil Project Approvals 14 Divested contingent 12 resources 10 2 approvals: MacKay, Hangingstone Project 1 (HS1) AOC contingent (Bboe) 8 resources (best…
  5. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 5
    Financial Overview TSX : ATH ( millions Cdn, unless otherwise stated) 2014 Capital Budget(4) Market Capitalization(1) 2,597 ( millions) Shares Outstanding 400.8 million 6 Fully diluted 426.1 million Officer & Director Holdings…
  6. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 6
    2014: A Focused Portfolio Thermal Oil 2014 capital budget: 348 MM Fort McMurray Complete Hangingstone Project 1, first steam Q4 Hangingstone Construction of Hangingstone regional infrastructure Light Oil 2014 capital budget:…
  7. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 7
    Boiler feed water tank 2014 Development Focus
  8. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 8
    Hangingstone Development Hangingstone Regional Development Map Development 117 MMbbl reserves(1) 912 MMbbl contingent resource(2) Fort McMurray Asset planned to be developed in three phases: Project 1 - 12,000 bbl/d Project 2 -…
  9. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 9
    Efficient Delivery of First Thermal Project 563 MM Cost Performance Incurred Committed On Budget Hangingstone Project 1(1) 309 MM 132 MM Progress 0% 100% Engineering Procurement Pad AC (foreground), Pad AD and Pad AE…
  10. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 10
    Hangingstone 1 Pad Results Drilled 15 producers and 10 injectors in 2013 Average effective wellbore length 90% design target Wellbore pairs drilled precisely as planned for optimal steam chamber conformance Effective wellbore…
  11. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 11
    The Duvernay is a World-Class Resource Select Unconventional Plays In North America World Large in place resource Class High liquid content: 100-350 bbl/mmcf free condensate Resource Initial results compare favorably to the…
  12. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 12
    AOC in the Heart of the Duvernay Fairway Duvernay Kaybob Land Positions Athabasca Encana/PetroChina Husky Shell Talisman 08-18-64-17W5 Chevron ConocoPhillips Trilogy Cenovus Exxon 20m Isopach excluding carbonate…
  13. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 13
    Focused on Liquids-Rich Gas Pressure (1000 psi) 0 0 5 10 15 Duvernay Maturity Map(1) AOC Industry 5 Depth (1000ft) Oil Window 08-18 10 02-34 Liquids Rich Gas V 06-10 V Under-pressured Over-pressured V 8-18…
  14. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 14
    Initial Duvernay Results are Very Encouraging Target Well Parameters (Condensate Gas Window) Type Curve vs Results Well cost: 10 - 15 MM (D&C) (cumulative production) IP30: 600 1,000 boe/d 400,000 EUR: 600 1,000 Mboe Type Curve (No…
  15. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 15
    Duvernay Development Summary 140 Gas Potential for production to exceed 120 NGL Daily Production (boe/d) 100,000 boe/d for 10 years 100 Condensate Oil Inventory of 1,000 wells 80 50/50 split between gas and liquids 60…
  16. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 16
    Strategic Ownership of Infrastructure(2) Total Battery Capacity Oil Capacity 36,000 bbl/d 48 mmcf/d, Kaybob East Gas Capacity expandable to 130 mmcf/d Kaybob West Keyera Saxon Simonette(1) AOC 63 km Pipeline…
  17. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 17
    Future Growth
  18. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 18
    Development and Exploration Opportunities Slave Point Slave Point Birch 675,000 acre land position 2.1 billion bbls Validated oil production with Birch Potential of 150,000 bbls/d Grosmont 2013 pilot program Dover West Sands…
  19. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 19
    Growth Opportunities With Sufficient Funding Thermal Oil Hangingstone 1 and expansion Daily Production 250 Dover West Sands SAGD Carbonate TAGD 200 Thermal Oil JV Light Oil Gross Mboe/d 150 Duvernay development Montney…
  20. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 20
    Corporate Office 2000, 250 6 Ave SW, Calgary, Alberta, T2P, 3H7 Telephone: 403.532.7446 Fax 403.264.4640 www.atha.com
  21. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 21
    Dover West Carbonate: The Next Big Resource Play Dover West Opportunity TAGD Facility Dover West 16,800 MMbbl of bitumen in place(1) in the Leduc Road carbonate reef ( 100 m net pay) 3,000 MMbbl contingent resource(2) based on…
  22. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 22
    Dover West Sands, Poised for Development Development 87 MMbbl reserves(1) 2,930 MMbbl contingent resource(2) Asset to be developed in multiple projects Dover West Road to a capacity 275,000 bbl/d Processing plants planned to be…
  23. BMO Capital Unconventional Resource Conference – Athabasca Oil Corp – slide 23
    Montney Appraisal, Leading to Development Appraisal Identifies 400 High-Graded Locations(1) Early Learnings 3 distinctly different areas Kaybob West 130 Locations Artificial lift is required timing and method varies…

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