Mandate Toscana is a public company currently trading on the TSX (TEI) with the mandate to acquire medium to long life oil & natural gas assets, unitized production and royalties for yield and capital appreciation. An…
Mandate Toscana targets investment with the following characteristics: Operated and non-operated working interests, unitized interests and royalties Targeting a 50/50 oil/gas weighting Reserve life index greater than 8 years Key…
Management Joseph Durante Chief Executive Officer 26 years of direct industry experience. Co-founder and Chairman of Ranchero Energy Inc., former Chairman of Ranchgate Energy Inc., Co-founder and Chairman of Fairmount Energy Inc. Glen…
Directors Donald D. Copeland Chairman Founder and past President of Codeco Engineering group, former Chairman of Upper Lake Oil and Gas Ltd. Director of several public and private oil and gas companies including Western Energy Services…
Timeline Building a Solid Foundation Acquired assets Completed at Joffre, SE 5.1 million Sask and Hangingstone Disposed equity issue Marten Hills Minnehik Buck (10/share) from an acquisition on intermediate Lake Unit No. 1 on a…
Building a Solid Foundation Continued. West Pembina, Bigoray and Strachan acquisition on Tony Creek Willisden Green October 18, acquisition on acquisition on May 1, 2012 for 17.3 November 6, 2012 2012 for 6.3 million. million…
Building a Solid Foundation Continued. Moved from Venture WCSB Veredus exchange to acquisition on acquisition on TSX on April 3, 2013 for July 31, 2013 for November 22, 15.2 million 6.8 million 2013 February April June July…
Value of original investment Original Investment Original Investment +Dividends Original investment + Dividends + Capital Gain 19.49 20 17.92 18 16 14 11.80 Share Price () 12 10.50 10.00 10 8 6 4 2 0 March…
Value added acquisition strategy Current Cash Total Excess Net flow Cash over Total Purchase Operating Present from Flow purchase Rate of (Million) Price Cash Flow Value Sale plus NPV price Return Joffre 8.60 4.03 22.70 26.73 18.13…
Properties Alberta . Edmonton . Calgary Canada USA 11 Toscana Energy Income Corporation
Corporate Production Graph Daily Company Gross Barrels of Oil Equivalent (BOE) Forecast 3,000 Proved Proved plus Probable Proved Developed Producing 2,500 2,000 BOE per DAY 1,500 1,000 500 - 2014 2016 2018…
Progress Doe Creek A Pool 14 Toscana Energy Income Corporation
Progress Doe Creek Production Graph 15 Toscana Energy Income Corporation
Progress Doe Creek Reserve Potential 16 Toscana Energy Income Corporation
Progress acquisition metrics Purchase Price 20 MM Flowing barrels/d 210 boe/d Purchase price/flowing bbl 95,238 Reserves (BOE) 1P 1,052,000 2P 1,606,000 Price per 1P 19.2 Price per 2P 12.5 Field Netbacks/2P reserves 3.9…
Net Asset Value Proved (at December 31, 2013) + Probable Reserve Values PV 10% (1) (M) 173,309 Debt (2) (3) (M) 63,742 Net Assets (M) 109,567 Common Shares ('000 Shares) 5,330 Net Asset Value ( / Share) 20.56 (1) Reserve…
Sustainability* 2013 2012 Proved + Proved + Proved Probable Proved Probable Reserves Volumes Company Gross MBOE 6,995 10,170 5,716 7,854 Net book value M 123,295 128,295 85,132 92,090 Capital Program Efficiency Including…
Dividends DIVIDENDS PAID 0.45 Toscana Common 0.40 Toscana Preferred 0.35 0.30 0.25 Dividend Issued 0.20 0.15 0.10 0.05 0.00 Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30,…
Capitalization Authorized December 31, 2013 Toscana Common Shares (number) Unlimited 5.3 million Convertible Debentures 20.0 million (TEI has option to redeem the convertible debentures in shares or cash at maturity on June 30,…
Total Proved Plus Probable Reserves Natural Gas Liquids 9% Light and Medium Oil 34% Natural Gas 57% 22 Toscana Energy Income Corporation
Financials Three months ended Year ended March 31, 2014 December 31, 2013 Average daily production (boe/d) 2,587 2,496 Petroleum and natural gas revenue, net of 11,019,642 31,799,217 royalties () Netback () 5,664,469 18,891,536…
Hedging Contracts Type Volume Price Index Term FY 2014 Swap 200 bbls/d C93.42/bbl CWTI Jan 2014 to Dec 2014 Swap 200 bbls/d C95.04/bbl CWTI Jan 2014 to Dec 2014 Swap 100 bbls/d C105.04/bbl CWTI Mar 2014 to Dec 2014 Swap 1,896…
Key Benefits of Toscana Proven management and fully aligned with shareholders Long life mature production base A track record of paying dividends on a sustainable basis Security of dividends through disciplined hedging program Tax…
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