A Growth-Oriented Oil and Gas Company in the Alberta and BC Foothills February 2015
Strategy High growth, low decline , gas-weighted, oil upside in conventional bypassed reservoirs Focus Alberta and BC Foothills Symbol TSX-V: IKM Basic / F.D. Shares Outstanding 80.1 mm / 91.4 mm Market Capitalization / Enterprise Value…
Highly focused Foothills Producer Mature, underexploited assets with extensive low risk, by-pass pay opportunities Technical team and management has over 150 years of combined Foothills operational experience 8% insider ownership…
Underexploited conventional and unconventional resource base 100+ years of collective technical and operational experience underpins strong play understanding Multiple bypass pay opportunities Extensive 2D and 3D seismic coverage and…
IP: 24-30 bbl/d Discovery vertical well (1997), 8-31-42-15w5 IP 24-30 bbls/d Produced 30 mbbls Source: Geoscout Source: Geoscout IP: 1,000 bbl/d 30 X multiple of vertical vs. horizontal Produced 200 mbbls 52 API oil…
1,100 Technical advancements have de-risked the complexity 180 Pembina (BPD) of identifying prospective structures WG Ferrier (BPD) 160 New rotary steerable and down-hole real time Garrington (BPD) 1,000 140 imaging tools are…
Maximizing efficiency with a highly concentrated asset base Low decline, stacked reservoirs (Wilrich, Falher, Cadomin, Cadotte, Dunvegan, Cardium ), containing oil and gas Team was involved previously in building the asset; 9…
Program Overview Bypass pay multi-zone gas potential Wilrich, Falher, Cadomin, Cadotte, Dunvegan zones Wilrich analogue well (vertical) cumd 24 Bcf(1) Falher vertical well tested at 4.4 MMcf/d Bypass pay oil potential 8 near-term…
Foothills Horizontal Oil Type Curve 600 8.0 550 BOE/d GOR 7.0 500 450 6.0 400 Gas-to-Oil Ratio (Mscf/bbl) Oil Production (bbls/d) 5.0 350 300 4.0 250 Foothills Horizontal Oil 3.0 Prd Cum 200 Statistics bbl/d…
Foothills Vert. Gas (Stage frac or unstimulated) Foothills Vertical Manville Gas Type Curve Prd Cum 3.5 7.0 Statistics mcf/d mmcf Mcf/d bbl/d Mean 3,192 4,461 3.0 6.0 Swanson Mean 3,134 4,635 Median 2,235 3,349 Count 51 51 2.5…
Recompletions of existing well bores. These wells targeted deeper structural features and shallower targets are not necessarily in an ideal structural position. Vertical wells not the best strategy for exploiting pervasively fractured…
Greater than 500 km of operated pipelines gives Ikkuma several options to deliver gas to multiple processing points With increasing production, trunk line volumes may be managed more effectively 250 - 350 mm replacement value of…
Potentially large conventional pools, known from well logs, underlie IKMs land base; the operational intent, prior guidance revision, was to test numerous bypassed oil and gas pools through a continuous drilling operation The…
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Total Capital Budget 23mm Drilling (1) 8 mm Land and Seismic 4 mm Optimization and Recompletion 11 mm 2015 Average Production 7,300 7,700 boe/d (98% gas) 2015 Exit 8,700-9,000 boe/d (98% gas) Cash Flow (2) 13mm Anticipated Opex…
Management Banks Analyst Coverage Tim de Freitas The Toronto-Dominion Bank President & CEO Dorothy Else National Bank of Canada TD Securities Juan Jarrah Executive VP Clarus Securities Rob Pare Greg Feltham Auditor VP Exploration…
Wells previously drilled into deep horizons provide valuable insight into the capability of the shallower zones these wells provide the bypass pay opportunities Natural fracturing not only allows for very prolific wells, but also…
Program Overview Fahler, Cadomin (9 Bcf) Foothills Deep basin 7 Bcf (Dunv) 3-30 Bcf Triassic Foothills Deep basin Deep basin reservoirs heavily exploited, and exist in foothills, but have extensive natural fractures…
Third party reserve reports MM Company MBOE (NPV10%)1,2 Effective date Trimble PDP 304 3.49 Recapitalized Co. Trimble TP 805 9.80 December 31, 2013 Trimble TPP 1,443 16.54 Deloitte PDP 12,687 129.16 Asset Purchase 1 Deloitte TP…
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