Our Strategy 3 Maintain focus on scalable, predictable, high netback oil production Achieve sustainable profitable growth through the drill bit and accretive acquisitions Focus on assets that support low cost operations…
Reacting to Commodity Prices Focusing on Value 4 Teine continues to provide a return on capital in the current low price environment Managing growth rate Significant reduction of activity in Q1, back end loading activity into later…
Teine 2015 Outlook Inventorying for the future 5 Manage growth and preserve the balance sheet Teine 2015 Stay Flat Capital to Maintain YOY Production of 12,300 boe/d Drill 130 Viking Hz wells 20 drills in Q1 180 15 re-frac wells…
Teine Viking Well Economics Robust in todays environment 6 Type Curve IRR Sensitivities Assumptions Equivalent USD WTI 33.20 41.50 49.80 58.10 66.40 74.70 83.00 91.30 Teine Net DCET Cost (000s) 850 Realized Oil Price CAD 40.00…
Teines Viking Assets an enviable position 7 Attractive, virtually contiguous acreage in the core of the Saskatchewan Viking oil play One of the largest Viking light oil producers and Teine Asset Map coveted land position 380,000 net…
Proven Track Record a platform for growth 8 Production Reserves1 14,000 12,280 100 12,000 Proved Probable 87 86 Reserves (MMboe) Production (BOE/D) 10,000 80 7,791 60 29 29 8,000 60 6,000 22 40 4,000 2,978 58 57…
Saskatchewan Viking- exploiting a light oil play 9 Saskatchewan Viking Light Oil Overview WCSB Viking Trend3 Large OOIP, both over a large geographical area and on a per section basis Estimated 6 billion bbls of OOIP from the…
Saskatchewan Viking a growth story 10 Significant increase in drilling activity Over 1,100 wells spud in 2013 compared to 100 wells in 2009 New resurgence with the advent of horizontal drilling and multi stage fracing Current…
Teine Competitive Edge 11 Teines understanding of the Viking oil play and technical innovation provide a proven competitive advantage Viking Development Early understanding of play enabled Teine to acquire high quality Full Section…
Focus On Capital Efficiencies 12 Teine Well Performance by Vintage Teine Well DCE Costs 90 9,000 1,200 83 80 8,000 1,000 920K 90-Day Cumulative Oil Production (bbls) 69 850K 70 7,000 60 56 6,000 800 30-Day Oil Rate…
Exceeding Expectations 13 Well performance has historically exceeded type curves used in the Reserve Report Based on Sproule type curves, higher initial production rates correspond to increased ultimate recoveries Teines recent well…
Infrastructure reducing costs; improving profits 14 Strategy Teine seeks to own, control, and operate strategic infrastructure with the goal of reducing down time, increasing field manpower efficiency, and improving long-term netbacks,…
Plato an infrastructure success story 15 Teines approach to infrastructure development and resulting success is demonstrated by recent Plato oil battery construction Plato Production Plato lands purchased as part of the Dec. 2012…
Potential Future Upside 16 Significant potential incremental recovery from increased well densities and implementation of secondary recovery techniques Increased Well Densities Test and Waterflood Pilot Numerous Viking operators…
19 Appendix
Teines Viking a robust economic inventory 20 2,800 low-risk Hz Viking oil drilling locations Less than 50% of identified locations booked in 2P reserves Teines identified drilling inventory provides it with over 10 years of drilling…
Future Growth in Reserves and Net Asset Value 21 Significant potential for growth in reserves and net asset value as Teine executes its low- risk development plan and current well production performance is recognized Reserve class…
Overview of Reserves 22 Teine has a large light oil focused reserve base Sproule June 30, 2014 Reserve Evaluation Commodity Composition Reserves Before-Tax 86 MMboe 2P 57 MMboe Proved Oil NGLs Gas Total NPV10% 14% 14% (MMb b ls)…
Teine Competitive Advantage 23 Teine seeks to continuously improve profitability by both decreasing capital and operating costs and increasing well productivity and overall reservoir recovery Continuously and Adopting and…
Investment Highlights 24 Large, contiguous land position concentrated in the core of the Saskatchewan Viking oil play 120,000 net acres prospective for Viking light oil Light oil-weighted production of 13,000 boe/d, 90% oil and NGLs…
Teine Energy 25 Large, contiguous land position concentrated in the core of the Viking oil play Substantial reserve Experienced base with a multi-year management team drilling inventory Multiyear profitable development…
Corporate Information 26 Board of Directors Bankers Dennis Chorney Chair Jim Howe National Bank of Canada, Syndicate head Avik Dey Adam Vigna Barclays Bank PLC, Second Lien Lead Jeff Donahue Nicholas Zelenczuk David Tuer…
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