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CORPORATE PRESENTATION – Triangle Petroleum Corp

Triangle Petroleum Corp · Oct 1, 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. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION October 2014
  2. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Business Overview 4 Operational Overview 8 Financial Overview 13 Appendix 19
  3. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 3
    BUSINESS OVERVIEW
  4. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 4
    TRIANGLE PETROLEUM CORPORATION OVERVIEW BUSINESS OVERVIEW TPC wholly owned E&P subsidiary Growth oriented E&P company focused on the Williston Basin Current production of approximately 13,000 boepd 135,000 net acres with…
  5. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 5
    BUSINESS OVERVIEW KEY INVESTMENT HIGHLIGHTS SUBSTANTIAL GROWTH Q2 FY15 production increased 146% year over year from Q2 FY14 IN OPERATED Proved reserves have increased 134% year over year(1) PRODUCTION AND Focused on increasing scale…
  6. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 6
    BUSINESS OVERVIEW SIGNIFICANT OPERATED PRODUCTION AND RESERVES GROWTH NET SOLD PRODUCTION VOLUMES (BOEPD) 14,000 10 FY2015 Avg. Daily Production Guidance 10,200 11,200 Boepd(1) 12,600 Net Sales Volumes (Boepd) 12,000 FY2014…
  7. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 7
    OPERATIONAL OVERVIEW
  8. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 8
    OPERATIONAL OVERVIEW TRIANGLE USA CORE AREA MCKENZIE AND WILLIAMS COUNTIES RECENT DEVELOPMENTS ASSET MAP: DOWNSPACING &THREE FORKS ACTIVITY 103 gross operated horizontal wells currently producing and seven wells waiting on…
  9. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 9
    OPERATIONAL OVERVIEW DRILLING AND PRODUCTION PROFILE TUSA OPERATED WELLS COMPLETED (GROSS VS. NET) HIGHLIGHTS 16 15.0 Decreasing spud to total depth days; average of 18 14 days for Q2 FY15 versus 23 days for Q2 FY14 12 9.9 9.0…
  10. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 10
    OPERATIONAL OVERVIEW ROCKPILE ENERGY SERVICES RockPile Energy Services, LLC is focused on providing Best in Class pressure pumping and ancillary services in the Williston Basin EXPANDING CAPACITY AND CAPABILITIES GROSS WELLS…
  11. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 11
    OPERATIONAL OVERVIEW CALIBER MIDSTREAM Caliber Midstream Partners, LP is focused on providing gathering, transportation and processing in the Williston Basin Natural gas facility became operational in April 2014, currently McKenzie…
  12. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 12
    FINANCIAL OVERVIEW
  13. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 13
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION CURRENT LIQUIDITY (JULY 31, 2014) (MM) Share Price (as of Oct 9, 2014) 8.64 Total Cash 108 90-day % Change -14.4% (2) TUSA Credit Facility Availability 415 Basic Shares…
  14. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 14
    FINANCIAL OVERVIEW REVISED STAND-ALONE CAPITAL BUDGET FOR FY2015 (ENDED JANUARY 31, 2015) BUDGET DETAIL Capital Expenses Revised FY2015 Budget (mm)(1) E&P Operated Drilling Program(2) 360 E&P Non-Operated Drilling Program 45 Station…
  15. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW STAND-ALONE BUSINESS SEGMENT GUIDANCE TUSA Stand-alone(1) RPES Stand-alone CLBR Stand-alone(2) Adj. EBITDA Adj. EBITDA Adj. EBITDA Period Revenue (mm) Revenue (mm) Revenue (mm) (mm) (mm) 2H FY15 165 - 180 115 -…
  16. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW RISK MANAGEMENT KEY HIGHLIGHTS HEDGE POSITION FY15 Collars 100 Ceiling Actively hedging to protect present and 87 Floor FY16 Collars 6,000 98 Ceiling 87 Floor future cash flows through the use of zero 4,500…
  17. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 17
    APPENDIX a) RockPile: Vertical Integration Profile b) Caliber: Vertical Integration Profile c) Montana Station Prospect d) Historical Financials
  18. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 18
    APPENDIX ROCKPILE: VERTICAL INTEGRATION PROFILE ROCKPILES BENEFIT TO TRIANGLE ROCKPILE CAPEX REDUCTION PER WELL(1) 1.5 Control 100% of largest E&P cost center 1.2 1.2 1.0 Dedicated high quality frac fleet and personnel 1.0…
  19. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 19
    APPENDIX CALIBER: VERTICAL INTEGRATION PROFILE CALIBERS BENEFIT TO TRIANGLE CALIBER IMPLIED VALUATION Secured long term gas and crude oil gathering and Peer Average 2015E EV / EBITDA(1) 15.2x takeaway capacity at market rates in the…
  20. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 20
    APPENDIX MONTANA STATION PROSPECT Samson Resources DETAILS Sagebrush Resources Riva Ridge 33-56H MB SBR1-36H Riva Ridge 0607-2H TF 42,000 net acres; 67% operated Potential Drilling Inventory: 294 operated locations Southwestern Energy…
  21. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 21
    APPENDIX Q2 FY15 CONSOLIDATED INCOME STATEMENT Three Months Ended July 31, 2014 2013 Revenues Oil, natural gas and natural gas liquids sales 80,506 34,639 Oilfield services 61,483 15,755 Total Revenues 141,989 50,394 Expenses…
  22. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 22
    APPENDIX CONSOLIDATED ADJUSTED NET INCOME RECONCILIATION Q2 fiscal 2015 Q2 fiscal 2014 Net income attributable to common stockholders 14,552 6,799 (Gain) loss on equity investment derivatives 7,534 - (Gain) loss on commodity…
  23. CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 23
    APPENDIX Q2 FY15 INTERSEGMENT TABLE RockPile's Pressure Exploration and Pumping and Other Corporate Eliminations Consolidated Production Services and Other(a) and Other Total Revenues Oil, natural gas and natural gas liquids…

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