Skip to main content INVESTOR PRESENTATION – Southern Pacific Resources | Shale Experts
Loading...
Pm

INVESTOR PRESENTATION – Southern Pacific Resources

Southern Pacific Resources · May 1, 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 – Southern Pacific Resources – slide 1
    PURSUING THE PRIZE May 2014
  2. INVESTOR PRESENTATION – Southern Pacific Resources – slide 2
    THE SOUTHERN PACIFIC STRATEGY FOCUSED: We develop and produce bitumen and heavy oil using horizontal wells and steam. INDEPENDENT: We control and operate 100% of our production and 89% of our lands, allowing us to develop at a…
  3. INVESTOR PRESENTATION – Southern Pacific Resources – slide 3
    STP OVERVIEW Common Shares* Trading Symbol TSX:STP Shares Outstanding basic and fully diluted 398 million Insider Ownership fully diluted 4% Average Daily Trading Volume (last 6 month average) 2.9 million Market Capitalization 133…
  4. INVESTOR PRESENTATION – Southern Pacific Resources – slide 4
    STRATEGIC ASSETS Alberta: 366 sections (321 net) of oil sands leases with 89% average working interest STP-McKay Thermal Project: Existing capacity 12,000 bbl/d SAGD facility ( SOR of 3.1) Expansion capacity of an additional 24,000…
  5. INVESTOR PRESENTATION – Southern Pacific Resources – slide 5
    SOUTHERN PACIFIC: Corporate History STP-McKay SAGD STP-McKay facility STP completes First two ICD STP-McKay bitumen deposit construction innovative rail configurations deployed first steam discovered commences marketing agreement…
  6. INVESTOR PRESENTATION – Southern Pacific Resources – slide 6
    STP RESERVES AND RESOURCES (EFFECTIVE JUNE 30, 2013) 400.0 383 Consistent growth in all reserve categories over the past 3 years 350.0 276 300.0 Reserves are assigned only to STP-Senlac and Liquids (mmbbl) 2009 250.0 2010…
  7. INVESTOR PRESENTATION – Southern Pacific Resources – slide 7
    STP-SENLAC THERMAL PROJECT 100% STP owned and operated for over 4 years Experienced Operations staff 11-12o API oil One pad of 2-3 SAGD well pairs drilled per year Favorable Saskatchewan regulatory regime Refer to cautionary…
  8. INVESTOR PRESENTATION – Southern Pacific Resources – slide 8
    STP-SENLAC: PRODUCTION HISTORY 3,500 3,000 2,500 Oil (bbl/d) 2,000 1,500 1,000 500 0 Mar-14 Jul-13 Oct-13 Jan-14 Jun-13 Feb-14 Sep-13 Dec-13 Nov-13 May-13 Apr-13 Aug-13…
  9. INVESTOR PRESENTATION – Southern Pacific Resources – slide 9
    STP-SENLAC STRONG NETBACKS 140.00 120.00 100.00 Heavy Diff 80.00 Quality/Trans. Diluent 60.00 Royalties Fuel & Power 40.00 Fixed Opex Operating Netback WTI (C/bbl) 20.00 41.62 41.27 36.63 37.40 37.94 37.45…
  10. INVESTOR PRESENTATION – Southern Pacific Resources – slide 10
    STP-MCKAY THERMAL PROJECT 100% STP working interest Phase 1 Design (in operation): 12,000 bbl/d oil + 37,400 bbl/d steam Long lease tenure remaining (first expiry 2025) Phase 1 Expansion (pending regulatory approval) Additional…
  11. INVESTOR PRESENTATION – Southern Pacific Resources – slide 11
    STP-MCKAY: CENTRAL PROCESS FACILITY Facility continues to run well Phase 1: 12,000 bbl/d oil treating, 37,400 bbl/d steam generation On Stream Factor since July 1, 2012 is greater than 99% Generating all electrical power through 2…
  12. INVESTOR PRESENTATION – Southern Pacific Resources – slide 12
    SAGD START-UP PHASES Circulation Circulation Semi-SAGD SAGD mainly conductive heat, communication steam injection in top steam injection in steam is circulated established well (convective heat), top well, bottom through wellbore,…
  13. INVESTOR PRESENTATION – Southern Pacific Resources – slide 13
    INFLOW CONTROL DEVICES Inflow Control Device (ICD) have been developed by a number of service companies to improve wellbore conformance Purpose is to control steam short circuits in HZ wellbore by restricting flow while allowing…
  14. INVESTOR PRESENTATION – Southern Pacific Resources – slide 14
    STP-MCKAY: Downspacing SAGD Program The most cost effective method to fill the plant is to drill additional SAGD well pairs within the existing pads This accelerates rate and recovery, and minimizes additional capital…
  15. INVESTOR PRESENTATION – Southern Pacific Resources – slide 15
    STP-MCKAY PRODUCTION HISTORY 2,500 2,000 Bitumen (bbl/d) 1,500 1,000 500 First Steam 0 Sep-12 Dec-12 Sep-13 Dec-13 Feb-13 Mar-13 Jun-13 Feb-14 Mar-14 Jul-12 Jan-13…
  16. INVESTOR PRESENTATION – Southern Pacific Resources – slide 16
    STP-MCKAY: Phases 1 And 2 Layout (Circa 2017) STP-McKay Phases 1 and 2 will have very similar facilities, each with 18,000 bbl/d capacity Lower SOR on west side because of lower proportion of bio-turbated facies Phase 1 Well Pads…
  17. INVESTOR PRESENTATION – Southern Pacific Resources – slide 17
    STP-MCKAY PHASE 1 EXPANSION AND PHASE 2 TIMING Phase 1 Expansion Phase 2 Timing for Phase 2 is based on utilizing one SAGD drilling rig working year round Refer to cautionary statements about forward-looking information at the…
  18. INVESTOR PRESENTATION – Southern Pacific Resources – slide 18
    STP-MCKAY U.S. GULF COAST RAIL MARKET STRATEGY 5 year deal started Jan. 1, 2013 4,500 km by rail Terminals in Lynton, AB, and Natchez, MS Reduces diluent requirements Improved netbacks Secure access to market Access to US Gulf…
  19. INVESTOR PRESENTATION – Southern Pacific Resources – slide 19
    STP-SENLAC MARKETING In order to access higher netback U.S. markets, STP trucks a portion of its STP- Senlac heavy oil to local rail sales points Recently deployed STP rail cars to improve netbacks and negotiated improved…
  20. INVESTOR PRESENTATION – Southern Pacific Resources – slide 20
    A LOOK AHEAD With the incremental liquidity from the CAD150 million term loan announced on March 31, 2014, STP plans to implement ICDs into more wells pairs in a consecutive manner throughout the summer at STP-McKay. STP has…
  21. INVESTOR PRESENTATION – Southern Pacific Resources – slide 21
    APPENDIX
  22. INVESTOR PRESENTATION – Southern Pacific Resources – slide 22
    STPS UPSIDE: ADDITIONAL OIL SANDS LEASES STP has interests in several additional oil sands leases offering significant future in-situ oil sands development potential; 444 MMboe Best Estimate Contingent Resources assigned 22
  23. INVESTOR PRESENTATION – Southern Pacific Resources – slide 23
    EXPERIENCED MANAGEMENT Years in the Name Title industry Experience Byron Lutes President and CEO 26 12 years in senior management positions Former VP, Operations at Mancal, VP, Engineering at Hunt Oil and Newport Held various…
  24. INVESTOR PRESENTATION – Southern Pacific Resources – slide 24
    BOARD OF DIRECTORS Name Title Experience David Antony Chairman 15 years of experience assisting companies in structuring transactions, accessing capital and corporate governance Currently also a director of Blackhawk Resource Corp.,…
  25. INVESTOR PRESENTATION – Southern Pacific Resources – slide 25
    CONTACT For more information: Southern Pacific Resource Corp. Byron Lutes, President & CEO blutesshpacific.com Suite 1700, 205 - 5th Ave. SW Calgary, AB T2P 2V7 Phone: 403-269-5243 Fax: 403-269-5273 Ron Clarke, COO…

From the store

Browse maps, data & reports in the Shale Experts store