6,712 boe/d 7,000 boe/d Production Q3 - 2014 Estimated sales production Q4 - 2014 22.6 million 71 / 74 million Cash flow Q3 - 2014 Common shares (0.32/share) basic / diluted 36.57/boe 10% / 13% Cash flow netback Q3 - 2014…
7,275 boe/d Elk Point Field production Q4 - 2014 450 bbl/d Frenchmans Butte 20 Inventory 98% Others Cold flow heavy oil 1,475 boe/d 103 Hz Inventory 42 Vt Inventory Morgan 60% 500 bbl/d 16 Inventory Produced horizontally…
Gear has adopted a conservative approach to its capital program for the first half of 2015 3 million Deferred Capital plan for H1 - 2015 Drilling program to end of H1 - 2015 Until further notice pending improved prices and reduced…
80% Cash flow growth per DA share Estimated 2014 26% Production growth per DA share estimated 2014 6,030 boe/d Production estimate 2014 6,400 boe/d Production estimate H1 - 2015 Cash flow metric shown is the non-GAAP…
Forward strip January 20, 2015 Perceived oversupply has created a supply demand imbalance and significantly reduced oil prices January 2015 WTI CAD pricing is 42% lower than the previous four year average January 2015 Gear Oil…
Returns on capital are improved by deferring spending by six months under the Jan 20th futures pricing curve and assuming capital reductions On production date Apr 2015 Oct 2015 Oct 2015 Initial Gear oil price 34.50 40.15 40.15…
33% of Gear Q4 production 99 Hz wells drilled to date Estimated 19.00/boe Op costs Lloyd sand channel bbl/d Acquisition Lloyd C pool 2014 Drills Shale channel Highlights Future Gear drills since acquisition…
10% of Gear Q4 production 18 Hz wells drilled to date Estimated 8.00/boe Op costs bbl/d Shale Channel Cummings pool Pool discovery 2014 Drills Highlights Future 18 Horizontal wells drilled since pool discovery Drilling…
17% of Gear Q4 production 22 Hz. wells and Estimated 15.00/boe Op costs 4 Vt. wells drilled to date bbl/d Acquisition Cummings pool 2014 Drills Highlights Future Gear drills since acquisition Drilling inventory 22 Cummings…
7% of Gear Q4 production 3 Net Hz. wells and Estimated 19.00/boe Op costs 2 Dual Hz. wells drilled to date bbl/d Acquisition 2014 Drills Highlights Future Gear drills since acquisition Drilling inventory 3 net Lloyd…
Executive Experience Ingram Gillmore VP Engineering - ARC Energy Trust, Talisman President & CEO, Director Yvan Chretien VP Land - ARC Energy Trust, CNRL VP Land David Hwang Controller - ARC Energy Trust, EnCana VP Finance & CFO…
Research Analysts Altacorp Thomas Matthews Cormark Garett Ursu FirstEnergy Bob Fitzmartyn GMP Aaron Swanson Haywood Darrell Bishop Industrial Alliance Michael Charlston Paradigm Ken Lin Peters and Co Dale Lewko RBC Mark Friesen 16
2600, 500 4th Avenue SW Calgary, AB CANADA T2P 2V6 T (403) 538-8435 F (403) 705-2660 www.gearenergy.com
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