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Investor Presentation – Terra Energy Corp.

Terra Energy Corp. · Mar 27, 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. Investor Presentation – Terra Energy Corp. – slide 1
  2. Investor Presentation – Terra Energy Corp. – slide 2
    Financial TSX Symbol TT Shares Outstanding (basic) 106.7 MM Current Share Price approx. 0.40Market Capitalization approx. 42.68 MM Total Net Indebtedness approx. 21 MM Operational February 2014 Average Daily Production (boe/d)…
  3. Investor Presentation – Terra Energy Corp. – slide 3
    Post Montney sales balance sheet is healthy, underlying asset remains strong Reduced total net debt by 80 million since March 2012 Improved balance sheet; approx. 21 million net debt Current production rate is approx. 3,700 boe/d…
  4. Investor Presentation – Terra Energy Corp. – slide 4
    New Business Plan: Focus on Oil and NGLs - Build focused, profitable and - Move to higher impact desirable asset base investments - A profitable, desirable - Use best current and focused asset base technologies to exploit will…
  5. Investor Presentation – Terra Energy Corp. – slide 5
    Terra has shifted its focus to oil and NGLs Terras management team and geotechnical team have evolved to carry out this focus shift into oil and NGLs Existing oil and NGL assets can provide low risk organic growth and increased cash…
  6. Investor Presentation – Terra Energy Corp. – slide 6
    More oil plays include: Light oil at Grande Prairie, Alberta Light oil at Boudreau, B.C. Light oil at Boundary Lake South, Alberta All plays are: Located on Terras existing land base High working interest Operated by Terra All of…
  7. Investor Presentation – Terra Energy Corp. – slide 7
    Balanced and diversified British Columbia portfolio of oil-weighted Stoddart Red Creek plays Alberta Fort St. John Boundary Lake South Geographically Boudreau Stratigraphically Jurisdiction Dawson Oil and NGL focused Higher…
  8. Investor Presentation – Terra Energy Corp. – slide 8
    Belloy Light Oil at Stoddart 2014 3 recent restarts have added over 75 bopd 12 recompletions planned Takes advantage of existing facilities and infrastructure 2015 and beyond Potential of up to 22 horizontal wells are being targeted…
  9. Investor Presentation – Terra Energy Corp. – slide 9
    Charlie Lake Light Oil at Grande Prairie 2014 Tie in of 2 existing wells at Grande Prairie (225 boe/d combined)1, construction is underway Recompletion at La Glace 2015 and beyond Potential of up to 5 vertical/horizontal wells at…
  10. Investor Presentation – Terra Energy Corp. – slide 10
    Initial total approved capital expenditure budget = 14,331,000 9.8% 31.5% 12.6% Increase Drilling 1,400,000 Risk Workovers 1,817,000 Recompletions 6,600,000 Tie-ins 4,514,000 Lower Total 14,331,000 Risk 46.1% Key objective…
  11. Investor Presentation – Terra Energy Corp. – slide 11
    Near Term Challenges Strategies Commodity pricing Employ commodity hedging strategies in order to increase the certainty of revenue streams Cost of capital Terra will utilize predominately cash flow from operations to fund expenditures…
  12. Investor Presentation – Terra Energy Corp. – slide 12
    Platform for Growth - Base Case Monthly Production Profile bbls/d (2013-2014 Guidance1) 5,000 Natural Gas NGL Approx. 39% Crude Oil 4,000 3,000 2,000 Approx. 61% 1,000 0 Jun-13 Apr-13 Jun-14 Jul-13…
  13. Investor Presentation – Terra Energy Corp. – slide 13
    100,000 4,000 Platform for Growth Base Case Operating Income & Net Debt (2013-2014 Guidance1) 90,000 3,500 Net Debt 80,000 Monthly Operating 3,000 Income 70,000 Monthly Operating Income2 (000s) 2,500 60,000 Net Debt…
  14. Investor Presentation – Terra Energy Corp. – slide 14
    5.0 Platform for Growth - Base Case - Debt to Annualized Monthly Cashflow 4.5 (2013 2014 Guidance1) 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Jun-14 Apr-14 Jul-14 Aug-14 Dec-14 Oct-14 Jan-14 Feb-14…
  15. Investor Presentation – Terra Energy Corp. – slide 15
    Oil prone, multi-zone potential 06-19-86-19W6 16-24, 4-35, 6-19 recent recompletions/workovers producing 95 bbls/d of incremental light oil in total Current area production is over 300 bbls/d from 12 producing wells 04-35-85-20W6…
  16. Investor Presentation – Terra Energy Corp. – slide 16
    Waterflood Scheme1 Under-exploited 100% Terra Doig estuary sands oil pool Acquired in 2005, previous waterflood not optimally placed To date recovery factor of 11% Peak additional production rate forecasted at 75-400 bbls/d Terra…
  17. Investor Presentation – Terra Energy Corp. – slide 17
    1 Peak additional production forecasted at 75-400 bbls/d ROR (BT): 63% Payout: 3.4 years Production (m3/day) Based on 300 m3/day injection 0 1 year 2 years 3 years 4 years Time 1 Based upon internal management…
  18. Investor Presentation – Terra Energy Corp. – slide 18
    2014 Charlie Lake dolomitic sandstone reservoir is an established productive zone in the area Terra controls existing infrastructure; new pipeline has been approved and is underway Currently producing 45 boe/d Tie in 11-12 and 6-7…
  19. Investor Presentation – Terra Energy Corp. – slide 19
    Currently producing 330 boe/d from 16 producing wells with 12 wells standing Targeting the Belloy C pool which has produced 0.25 bcf gas and 94.5 mbbls of oil to date Pool boundaries have been delineated using seisimc , well…
  20. Investor Presentation – Terra Energy Corp. – slide 20
    2014 Currently producing approx. 64 bopd and 245 mcf/d or 105 boe/d combined Two workovers and recompletions are planned 3D seismic is available across the entire pool 2015 and beyond Two step-out/infill vertical wells are…
  21. Investor Presentation – Terra Energy Corp. – slide 21
    Terra will focus on oil and NGLs Terra owns properties with a long established oil production history with known reservoirs, that can be exploited An identified inventory of over 200 projects (53 stand alone, 174 contingent) to pursue…
  22. Investor Presentation – Terra Energy Corp. – slide 22
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  23. Investor Presentation – Terra Energy Corp. – slide 23
    Average Daily Production Total Bank Debt (000's)/Boe 8,000 20 7,000 18 Average Daily Production (boe/d) 16 6,000 Total Bank Debt (000s)/boe 14 5,000 12 4,000 10 3,000 8 6 2,000 4 1,000 2 - - Q110 Q210 Q310 Q410…
  24. Investor Presentation – Terra Energy Corp. – slide 24
    Average Daily Q2 Net Debt vs. Size Production (boe/d) Net Debt (000's) 450,000 12,000 400,000 10,000 350,000 300,000 8,000 250,000 6,000 200,000 150,000 4,000 100,000 2,000 50,000 - - Source: BMIR Q2 2013 Terras…
  25. Investor Presentation – Terra Energy Corp. – slide 25
    Based on 2013 Year-end Reserves Net Asset Value Jan. 1, 2014 Year-end 2013 P+P Reserves (NPV 10%) 1 175,622 Undeveloped Land2 33,379 Net Debt (20,982) Net Asset Value (NAV) 188,019 Shares Outstanding 101,663 Basic NAV per Share…

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