SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH JANUARY 2015
Company Snapshot 3 Stock symbol SPE - TSX Market capitalization ( December 23, 2014) 735 million Enterprise value ( December 23, 2014) 886 million Current production (December 2014 avg.) 9,300 boe/d Oil & liquids weighting…
Corporate Strategy 4 Spartans strategy is to acquire and develop high quality assets which will generate significant free cash flow over a reasonable period of time. Focus is on sustainable growth and manageable declines. Maintain…
SE Sask Assets Key Areas 6 Mair/Redvers Crystal Hills Wordsworth Greater Queensdale Conventional Mississippian light oil Emerging Midale frac play Pinto Ownership and control of key producing infrastructure Elcott…
SE Sask Robust Well Economics 7 Open Hole Midale Frac Type Well(1) Frobisher Type Well (Freehold) (Crown) (Freehold) (Crown) IP30 (bopd) 120 120 93 93 EUR (Mboe) 78 (100% oil) 78 (100% oil) 78 (96% oil) 78 (96% oil) Capital…
SE Sask Type Well Sensitivities 8 250% 200% 150% 100% 50% 0% 50 60 70 80 90 Notes: (1) Type wells are internally derived and are utilized for internal budgeting purposes. Data presented is not meant to be…
Dominant Land Position Along Frobisher/Alida Fairway 9 Wordsworth/ Buffalo Head Greater Queensdale Large OOIP; low recovery factor 500 net open hole development locations Average well cost 1.1mm (DC&E) Attractive…
Emerging Midale Potential 10 Midale Erosional Edge Pinto Elcott / Florence Light oil High impact conventional asset which utilizes unconventional completion technology Large OOIP: 133 mmbbls OOIP at Pinto; current…
VIKING 11 Plenty T33 Kerrobert T32 T31 Dodsland Lucky Hills T30 Whiteside R24 R23 R22 R21 R20 R19 Spartan Viking Asset West Central Saskatchewan Light oil 42 API Working interest 93% OOIP 6 - 10 MMbbl per…
2015 Budget Guidance 12 Capital 105 million Average production (boe/d) 9,200 (94% oil & liquids) Exit production (boe/d) 9,900 (94% oil & liquids) Cash flow (funds from operations) 102 million Year-end net debt (estimate) 95…
2015 Budget Highlights 13 Spartans 2015 budget is structured to: deliver sustainable growth (28% growth in avg. prod. per share over 2014) manage corporate declines (est. at 29% for 2015) maintain the companys strong financial…
Commodity Price Sensitivities 14 Estimated Annual Average Production Growth Spending 100% of Cash Flow 60% 2.0 1.8 Per Share Production Growth 50% 1.6 1.4 40% 1.2 30% 1.0 0.8 20% 0.6 0.4 10% 0.2 0% 0.0 50 55 60…
Management 15 RICHARD (RICK) MCHARDY, B.Comm., LLB., - President & CEO 18+ years experience in M&A /securities matters and oil and gas President, CEO Spartan Oil Corp., President, CEO Spartan Exploration Ltd., President, Titan…
16 BOARD OF DIRECTORS BANKER Michael Stark National Bank Chairman Independent Businessman Don Archibald EVALUATION ENGINEERS Independent Businessman Sproule Associates Limited Reg Greenslade Independent Businessman REGISTRAR &…
Analyst Coverage 17 AltaCorp Capital Inc. (Thomas Matthews) Clarus Securities Inc. (Daniel Choi) Cormark Securities Inc. (Amir Arif) Desjardins Capital Markets (Kristopher Zack) Dundee Capital Markets (Brian Kristjansen)…
18 Contact Information Head Office Suite 500, 850 2nd Street SW Calgary, Alberta T2P 0R8 Telephone: 403-355-8920 Facsimile: 403-355-2779 E-mail: infospartanenergy.ca www.spartanenergy.ca
APPENDIX SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH JANUARY 2015
Spartan Oil 269% ROI (18 months) Overview Price Event Chart Formed through the spin-out of certain Cardium assets and SE Saskatchewan assets from Spartan 6.00 June 1, 2011: Completion of Feb 21, 2012: Announcement of 15,000,000…
Spartan Exploration 500% ROI (36 months) Overview Price Event Chart 4.50 2,700,000 Spartan Exploration was formed in Q1-2008 with a March 2008: 5.2MM non- April 1, 2011: Sold to Penn West for 228MM (6.00/share) brokered financing…
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