RedWater Energy Corporation June 2014 Investor Update TSXV: RED June 9, 2014 Confidential Confidential
RedWater Profile Key Metrics Listing TSXV: RED Shares Outstanding 40 million 2014 Q1 Production 301 boe/d Oil + Liquids 176 bbls/d 751 Mcf/d Gas Average Oil Gravity 28o API Proven Reserves (MBOE) Tax Pools 14 million 396…
Strong Netbacks June 9, 2014 Confidential 4
Consistent Production Growth June 9, 2014 Confidential 5
Fourth Quarter Highlights Generated cash flow from operations of 249,551 Achieved an operating netback of 22.61 per boe in the first quarter of 2014 Averaged production of 301 boe/d in the first quarter of 2014 Gross revenue(net…
2013 Reserves Company Share of Net Present Value December 31, 2013 Company Share of Reserves (Net) (1) (Before Income Tax)(1) Oil Heavy Oil Natural Gas Total Reserves Category Net Net Net Net 10% 15% Mbbl Mbbl MMcf Mboe (M) (M)…
Net Asset Value Per Share Proven Reserves (MBOE) Nav Calculation (December 31, 2013) 10% 15% Proven and Probable GLJ (PVBT 10%) 27,959 22,014 396 432 Undeveloped Land (37,000 acres) 2,500 2,500 Est. Bank Debt and Net Working…
Business Outlook Continued development of light oil and natural gas plays Focus on monetizing existing asset base through optimizations and recompletions Use capital wisely and leverage asset base through strategic partners…
Value Creation Strategy Focus on operational efficiency and ingenuity (Light oil, Natural gas, strategic acquisitions and EOR) Maximize value with targeted capital spending Maintain and build Balance Sheet strength (Bigger…
Capital Efficient Development Grows the Model TSXV RED 2014 Capital Focused on Light oil Budget Core areas: Westlock/Redwater 10.5 Supplemented with Acquisitions Million June 9, 2014 Confidential 11
WestLock Wabamun Key Formation: Wabamun High working working interest 100% operated Estimated 10 million barrels in place/ oil Licensed battery facility Acquired significant shut-in gas reserves with Norris…
Westlock Area Horizontal Oil Drilling Fast Facts Area: Westlock, W4M Working Interest: 100% Capital: 3,100 m Target Zone: Wabamun Reserves: 182 mstbp Initial Production: 450 bopd Present Value 10%: 4,304 m (GLJ PNP) Rate of…
Redwater Mannville / Viking Key Formations: Mannville/ Viking/ Glauconite 29 net sections of undeveloped land Licensed battery facility 3 pools currently producing 3 drilled wells to be fracture stimulated in 2014…
Norris Glauconite Key Formation: Glauconite 50% working interest Long life production 3 conventional drill locations 2 re-entries Licensed battery facility Acquired significant shut-in gas reserves with Norris…
Independent Advisors Auditors Maureen Hamill Collins Barrow Calgary LLP 1400 First Alberta Place 777 - 8th Avenue, South West Calgary, AB T2P 3R5 Legal Counsel Robbie Grossman McMillan LLP Brookfield Place Suite 4400, 181 Bay…
Contact Gary Waters President and CEO 403.669.8113 gwatersredwaterenergy.com Kyle Francis CFO 917.676.3886 kfrancisredwaterenergy.com Corporate Office 17 Oak Avenue Okotoks, Alberta T1S 1K6 www.redwaterenergy.com June…
Loading...
