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EXECUTING THE PROGRAM – Deethree Exploration Ltd.

Deethree Exploration Ltd. · May 31, 2014 · 25 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. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 1
    EXECUTING THE PROGRAM MAY 2014
  2. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 2
    Market Facts May 2014 TSX Symbol: DTX OTCQX: DTHRF Common Shares Outstanding: Basic 88.7 MM Fully Diluted 95.9 MM Insider Holdings: * Basic: 8% Fully Diluted: 12% Market Capitalization: 939.3 MM (10.59 / share *May 27th, 2014…
  3. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 3
    2014 Budget 2013 Exit Production: 10,000 boe/d Oil & NGLs 80% Gas 20% Reserves (P+P): December 2013 39.4 MMboe Two Oil Plays: Alberta Bakken Belly River Guidance: 2014 CAPEX 270MM Alberta Bakken 18 Wells Belly River 28 Wells…
  4. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 4
    Management Philosophy: Long Term Focus Financial People Capacity Execution Inventory / Land Infrastructure Position 5
  5. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 5
    Quarterly Light Oil Growth 10000 11.00 9000 10.00 9.00 8000 8.00 7000 1st Bakken Well Bakken Discovery 7.00 Total Boe/d Stock Price 6000 Brazeau Acquisition 6.00 5000 5.00 4000 4.00 3000 3.00 2000 2.00…
  6. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 6
    Reserve Growth Total Proved Plus Probable Reserves (YE 2011, 2012, 2013) with F&D and Operating Netback Trends 45,000 45 40,000 40 35,000 35 30,000 30 25,000 25 mboe /boe 20,000 20 15,000 15 10,000 10 5,000 5 0…
  7. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 7
    Focused Light Oil Asset Base BRAZEAU: Belly River 60,000 gross acres (approx) LETHBRIDGE: Bakken & Sunburst 217,000 gross acres PEACE RIVER: Montney, Doig & Charlie Lake 100,000 gross acres 8
  8. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 8
    Brazeau - Belly River Belly River Light Oil Resource Light oil resource play 42- 44 API DTX Operated; high W.I. (97%) 90 producing vertical wells Large contiguous land block of over 80 sections Significant undeveloped OIP, with…
  9. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 9
    Brazeau - Belly River: Multi Zone Potential Gamma Neutron/Density SP Resistivity Net Pay 12 Year Horizontal Drilling Inventory C Zone 120 11.6 m 15% porosity Total Well Locations338 100 D Zone 5.6 m 12% porosity F Zone 80…
  10. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 10
    Potential Exploitable Horizons per Section 171520 Effective Acreage 11
  11. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 11
    Brazeau - Belly River: 2013 Wells Brazeau Production Curve by Vintage 400 Type Curve Economics 350 Well Cost: 4.5 MM Daily Production Rate BOE/D Capital Efficiency: 25,000 per daily flowing boe 300 First Year Decline: 70%…
  12. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 12
    Brazeau Infrastructure 13
  13. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 13
    Brazeau - Belly River: Organic Growth Profile Brazeau Quarterly Production 2012 5,000 4 different zones tested 4,500 8 Wells 2013 4,000 Play expansion in major 3,500 zones Delineation 3,000 15 Wells Boe 2,500 2014…
  14. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 14
    Southern Alberta Bakken Fairway R24 R23 R22 R21 R20 R19 R18 R17 R16 R15 R14 R13W4 200,000 acres in southern T11 TABER NO. 14 T11 Albertas Bakken Fairway NOBLEFORD PICTURE BUTTE T10 LETHBRIDGE COUNTY NO. 26 GRASSY…
  15. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 15
    Southern Alberta Bakken Major pool discovery in Focus Area January, 2012 15 R20 14 13 18 17 16 R19 15 14 13 18 17 16 R18 15 14 13 18 17 16 R17 15 14 13 18 504 17 16 R16 15 14 13 R15W4 18 43 Bakken Hz wells…
  16. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 16
    Alberta Bakken Secondary Recovery Alberta Bakken Pilot Gas Injection EOR Scheme 2000 4000 Injected Gas Rate (mcf/d) 1800 3600 1600 3200 Oil Rate (bbl/d) 1400 2800 1200 2400 1000 2000 800 600 1600 1200 Target areas…
  17. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 17
    Southern Alberta Infrastructure 18
  18. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 18
    Southern Alberta Bakken 2013 Wells Bakken Production Curve by Vintage 400 Type Curve Economics 350 Well Cost: 3.5 MM Capital Efficiency: 18,500 per daily flowing boe 300 First Year Decline: 70% Daily Produciton Rate BBL/D…
  19. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 19
    Southern Alberta Bakken: Growth Profile Lethbridge Quarterly Production 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013…
  20. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 20
    Why Invest In DeeThree Expansive land base and large horizontal drilling inventory within the Alberta Bakken light oil play Large inventory of repeatable light oil drilling locations in the Brazeau Belly River play Development…
  21. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 21
    Meet The Team Martin Cheyne, President & Chief Executive Officer - Martin brings more than 30 years experience to DeeThree, having founded and led several companies including Dual Exploration Inc. and Devlan Exploration Inc. both of…
  22. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 22
    Analyst Coverage Adam Gill CIBC 403.216.3405 Garett Ursu Cormark 403.750.7221 Ray Kwan Macquarie 403.539.4355 Chad Ellison Dundee 403.509.2663 Aaron Swanson GMP 403.543.3563 Juan Jarrah TD 403.299.3494 Kristopher Zack…
  23. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 23
    Capitalization to Date Date Type Shares Price Total November 2008 Private Placement - Common 4,937,500 2.00 9,875,000 Private Placement - Flow-through 1,875,000 2.40 4,500,000 April 2009 Private Placement - Flow-through 719,694 2.40…
  24. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 24
    DTX Production Hedging 100 100% 5.00 100% 95 90% 4.80 90% 90 80% 4.60 80% Hedge Prices (US/BBl) 85 70% 4.40 70% Hedge Prices (CGJ/d) Production Hedged (%) Production Hedged (%) 80 60% 4.20 60% 75 50% 4.00 50%…
  25. EXECUTING THE PROGRAM – Deethree Exploration Ltd. – slide 25
    Advisory Head Office 2200, 520 - 3rd Avenue S.W. Calgary, AB T2P 0R3 Tel: (403) 767-3060 Fax:(403) 263-9710 Website www.deethree.ca Auditors KPMG LLP Banker National Bank of Canada (Syndicate ATB Financial, The Bank of Nova…

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