Eagle Energy Trust VISION GROWTH INCOME Investor Presentation January 2015
Mission Statement VISION We strive to create wealth for investors by combining innovation, expertise and opportunity. GROWTH We will maintain a sustainable payout ratio which provides for moderate growth. INCOME We strive to…
Overview Eagles strategy is to provide investors with a sustainable business while delivering moderate growth in production and overall growth through accretive acquisitions. In December 2014, Eagle acquired a 50% non-operated…
Corporate Profile Current Estimated W.I. Production: 3,000 boe/d Production Guidance full year 2015 : 2,950 3,150 boe/d Production Split: 97% light oil 2015 Ending Debt to Trailing Cashflow: 1.4 times (at US 70 WTI) 2015 Corporate…
Market Data Ticker Symbol: TSX: EGL.UN Units Outstanding (basic): 35.0 million 52 Week Range: 2.11 - 8.55 Recent price (Jan 2/15 close): 2.37 Average daily trading volume (30 day): 159,616 units 30 day VWAP: 3.11 Market Cap (Jan 2/15):…
Permian for Dixonville A Great Trade Permian Properties Dixonville Properties (sold Aug 29, 2014) (acquired Dec 18, 2014) Proceeds Received / US 140 MM CA 100 MM Acquisition price paid (Approx. 10x property cashflow1) (Approx. 8x…
Hedging Program Eagle has price protection on more than 50% of production through to June 2015. Hedging Summary 3200 3000 2800 2600 2400 2200 2000 BBL/D - OIL 1800 1600 1400 1200 1000 800 600 400 200 0 Jan-15…
2015 Guidance & Capital Budget Eagles 2015 capital budget is 15.0 million (US 11.8 million in the US and 1.4 million in Canada) which is 54% below 2014 levels and consists of: Salt Flat Property in Texas 3 (2.4 net) horizontal oil…
2015 Guidance & Capital Budget (cont.) Eagles 2015 guidance with respect to its capital budget, production, operating costs and funds flow from operations is as follows: 2015 Guidance Notes Capital Budget 15 mm 1 Working Interest…
2015 Guidance & Sustainability Benchmarks (cont.) 2015 Guidance Notes Payout Ratios (as a percentage of cash flow) Basic Payout Ratio 43% 1 Plus: Capital Expenditures 50% Equals: Corporate Payout Ratio 93% 2 Adjusted Payout Ratio…
2015 Sensitivities Sensitivity of Cashflow (MM) to Commodity Price & Production 2015 Average WTI US 60.00 US 70.00 US 80.00 2,950 24.8 28.4 31.7 2015 Average WI 3,050 25.7 29.5 33.1 Production (boe/d) 3,150 26.5 30.7 34.5…
Eagles Areas of Operation Eagle currently holds a light oil weighted portfolio and operates three areas in the United States: Salt Flat (Edwards), Palo Pinto and Hardeman (Pennsylvanian, Mississippian and Ordovician). Eagle also…
Eagles Areas of Operation Caldwell County Salt Flat Properties 14
Eagles Areas of Operation Palo Pinto County 15
Eagles Areas of Operation Hardeman County Hardeman Properties 16
Eagles Areas of Operation Hardeman County Hardeman Properties 17
Operations Update The focus continues to be on efficiency and capital discipline: 2014 capital efficiency was the best since inception, a trend we will carry into 2015. The estimated cost of replacing declines continues to improve…
Operations Update (cont.) Hardeman Properties Very pleased with the Hardeman property, particularly with regard to growth potential. Positive results from initial 3-D seismic processing and interpretation resulting in: Additional…
Operations Update (cont.) Salt Flat Properties Results from nine 2014 horizontal pump installations exceeded expectations, excellent capital efficiency metrics at approximately 8,600 per boe per day. Two additional horizontal pump…
Production History 4,000 Average WI Production per Quarter (boe/d) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2015 Q4/14 Forecast Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14…
CONTACT: Richard W. Clark, President and CEO Tel: (403) 531-1575 Kelly Tomyn, CFO Tel: (403) 531-1574 Eagle Energy Inc. Eagle Hydrocarbons Inc. 2710, 500 4th Avenue SW 3005, 333 Clay Street Calgary, AB T2P 2V6 Houston, TX 77002…
APPENDIX 25
Management Richard Clark, B.A. (Econ), LLB, Director, President and Chief Executive Officer 19 years in the legal profession as a founding partner at a boutique oil and gas law firm, then 10 years at a Canadian national law firm,…
Management Continued Scott Lovett, M.Sc., MBA, P.Eng, Vice President, Corporate & Business Development Over 18 years experience in the oil and gas industry, including reservoir evaluations, acquisitions and divestments, business…
Board of Directors David Fitzpatrick, P.Eng., Chairman Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer of Shiningbank Warren Steckley, P.Eng., Chair of Reserves…
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