The Path to Production at Pembina Ironhorse Oil & Gas 2012 Annual General Meeting November 28, 2013 TSX.V : IOG
Regulator Approves Pembina Project After a process that started in 2008, Ironhorse and its partners received approval on Oct. 31, 2013 to drill the 1-8 well at Pembina and complete all related pipelines and facilities. This…
Ironhorse Snapshot Stock listing TSX.V : IOG Shares outstanding 28 million Management ownership 17% November 26, 2013 share price 0.36 Market capitalization 10 million Q3/13 average daily production 89 boepd (46% oil) Q3/13 working…
2012 Year Summary 2012 2011 % Change Production year average 107 599 -82 % oil 57% 22% 159 Reserves Mboe 1,428 3,761 -62 NPV10% 000s (2P) 39,507 50,107 -21 Net debt 000s 3,277 2,570 28 Pembina Nisku Proved Mboe 843 843 - NPV10%…
2012 Achievements Significant advancement on Pembina Nisku oil development Financial position improvement- Sale of Jedney assets for 5.3 mm Renewed banking arrangements providing additional liquidity and flexibility Brought on…
2013 Q3 Summary 000s except where noted 2013 2012 % Change Petroleum and gas revenues 441 451 -2 Funds from operations 24 (85) 128 Net income (1,015) (318) -220 Per share (0.03) (0.01) -200 Capital expenditures 65 186 -65 Working…
2013 Developments AER Pembina Nisku regulatory approvals Final Pembina approvals received October 31, 2013 Facility and pipeline approvals received, pipeline installation commenced by Sinopec 1-08 drilling- spud well end of November…
Pembina - Nisku Oil Nisku light oil - 42 API oil Ironhorse working interest 15.625% Assets include 9-5 drilled producer, 14-5 drilled producer, 10-5 drilled water injector 1-8 producer spud last week November Production to be…
Pembina - Nisku Oil IRONHORSE OIL AND GAS INC. 9
2014 Expectations Pembina Nisku wells expected to be on production February 1, 2014, ramping up to almost 500 bbls/d net by the end of 2014 Pure play Nisku light oil Ironhorses Board plans to explore strategic alternatives for…
Contact Information Larry Parks, President & CEO Karen Hutson, VP Finance & CFO Suite 1000, 324 8th Ave SW Calgary, AB T2P 2Z2 (403) 355-3620 irihorse.ca www.ihorse.ca IRONHORSE OIL AND GAS INC. 11
Forward-looking information Certain information regarding Ironhorse Oil & Gas Inc. (Ironhorse) included in this presentation including managements assessment of production rates, timing of capital expenditures and on-stream dates, and…
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