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CORPORATE OVERVIEW – Terrace Energy Corp.

Terrace Energy Corp. · Feb 24, 2014 · 25 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 1
    Corporate Overview February 2014 TSXV: TZR; OTCQX: TCRRF; Germany: 2TR A focused team, creating value through exploration and technology
  2. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 2
    Corporate Highlights Experienced Senior Team with more than 35 years average experience Management & Board Track record of creating excellent long term shareholder returns Identify and acquire emerging acreage prove concept…
  3. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 3
    Strategic Accomplishments Proven Development Project in Olmos Strong cashflow and a large inventory of Rapid Projected Production Growth repeatable drilling locations 3,000 Expanding Acreage Position in Olmos 2,500 2,400 and Buda…
  4. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 4
    Company Overview Key Asset Attributes South Texas Focus Substantial Leasehold Position 180,000 gross mineral acres (50,000 net to Terrace) Large Drilling Inventory Approximately 1,300 gross drillable locations (over 500 net to…
  5. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 5
    Inventory & Cash Margin Drilling Inventory & Unrisked Resource Potential Total Unrisked Per Well Unrisked Well Potential NRI EUR Potential Project Area Net Acres Spacing Locations NRI Wells (Mboe) (Mmboe) South Texas Syndicate 5,105…
  6. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 6
    Attractive Valuation EV per Eagle Ford trend net acre(1)(2) 60,000 50,000 40,000 Peer Average: 38,795 30,000 20,000 10,000 4,015 - MTDR ASX:SEA AXAS GDP PVA SFY SN TZR 1) Eagle Ford peer group includes Abraxas,…
  7. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 7
    Operating Areas Maverick County Big Wells South Texas Syndicate www.terraceenergy.net 8
  8. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 8
    Olmos Tight Sandstone Project Terrace owns approximately 30% working interest in 17,000 gross mineral acres Highly attractive acquisition terms under 300 per acre Terrace holds approx. 5,105 net mineral acres 145 potential drilling…
  9. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 9
    STS Olmos Development STS 1-4H STS 1-3H STS 1-667H SP5 1-47H CENTRAL COMPRESSOR SP5 1-16H SP5 2-1H STS 1-17H SP5 2-47H STS AW A 1-27H Progress to Date (8) 2014 Drilling Schedule (13) Intra-Field Gathering System…
  10. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 10
    STS Olmos Development Progress to Date (8) 2014 Drilling Schedule (13) Future Potential Locations (132) www.terraceenergy.net 11
  11. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 11
    Recent STS Well Results Terraces STS development produces robust cashflow through a combination of high production rates and the following factors: Production is oil-weighted - 56% crude oil, 81% liquids (with NGLs) Premium LLS…
  12. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 12
    STS Olmos Well Economics Typical Development Well Characteristics Formation Depth: 8,900 Lateral Lengths: 4,200 Frac Stages: 12- 16 Initial Production Rate: 1,000 Boe/d Spacing: 800 lateral displacement * Project Type Curve…
  13. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 13
    Possible Expansion Areas La Salle Co. McMullen Co. AWP Olmos Field 49 MMBbl, 500 BCF * Sun TSH Olmos Field 1,879 MBbl, 100 BCF * Tri Bar Olmos Field 743 MBbl, 47 BCF * 5 miles Nueces River Olmos Log Shows * RRC…
  14. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 14
    Maverick County Project Massive Acreage Position with Multiple Prospective Oil Bearing Horizons BlackBrush Terrace LP (50% owned by Terrace Energy) has the right to acquire a 50% operated working interest in 147,000 gross acres (230…
  15. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 15
    Initial Evaluation Program 151-2H Eagle Ford Buda Production (5 wells) Re-Entry 71,124 BO, 208 MMCF * BlackBrush Terrace LP Chittim 1H Pearsall Production (3 wells) Pearsall Completion 110,641 BO, 2.53 BCF * Eagle Ford / Buda…
  16. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 16
    Maverick County Activity Initial Delineation Well, The BTLP Chittim 1-H Intermediate portion encountered strong hydrocarbon indicators and excellent reservoir quality rock in Eagle Ford Shale, Buda Limestone and Underlying Formations…
  17. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 17
    Emerging Pearsall Shale Trend Maverick County Eagle Ford Shale Trend REGIONAL PEARSALL ACTIVITY 26 Older Vertical Wells 14 Hz Wells w/ < 2 Year Prod Source: IHS Production Data www.terraceenergy.net 18
  18. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 18
    Big Wells Buda Limestone Project Drill-to-Earn Agreement with Rights to Acquire up to 6,700 Net Mineral Acres Terrace Energy has the right to acquire up to 67% working interest in 10,000 gross acres in the emerging Buda Limestone…
  19. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 19
    Big Wells Area Buda Production www.terraceenergy.net 20
  20. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 20
    TexStar Midstream Facilities www.terraceenergy.net 21
  21. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 21
    Avenues for Organic Growth Multiple negotiations in progress offsetting STS Project Acquire Offset Recently acquired 1,230 net acres in STS for 492M Acreage Drill-to-earn discussions recently concluded for Buda Limestone Development…
  22. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 22
    Capital Structure Terrace Energy - Capitalization Summary Shares Outstanding 74,434 Options 4,250 RSUs 950 Convertible Notes (convertible at 2.00 per share) 19,413 Fully Diluted Shares Outstanding (35.7% insider ownership)…
  23. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 23
    Management Team Dave Gibbs President and Chief Executive Officer, Director Mr. Gibbs received a Bachelor of Engineering degree from Georgia Tech in 1975 and has 38 years experience in the oil & gas exploration and development business.…
  24. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 24
    Board of Directors Dan Carriere Chairman Mr. Carriere was a founding partner and significant shareholder, as well as the Senior Vice President, of Corriente Resources Inc. (TSX) from 1992 until the sale of Corriente to CRCC-Tongguan…
  25. CORPORATE OVERVIEW – Terrace Energy Corp. – slide 25
    Contacts infoterraceenergy.net canadian address Suite 1012-1030 West Georgia St. Vancouver B.C. V6E 2Y3 p 604 282 7897 f 604 629 0418 us address Suite 400 - 202 Travis St. Houston, TX 77002 p 713 227 0010 f 713 227 0492…

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