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March 2015 Corporate Update – Athabasca Oil Corp

Athabasca Oil Corp · Mar 12, 2015 · 24 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. March 2015 Corporate Update – Athabasca Oil Corp – slide 1
    ATHABASCA OIL CORPORATION FOCUSED EXECUTING DELIVERING MARCH 2015 CORPORATE UPDATE
  2. March 2015 Corporate Update – Athabasca Oil Corp – slide 2
    2 REFINED STRATEGY FOR VALUE CREATION Material Core Assets o 1,000+ well inventory in the Duvernay shale play at Kaybob o 80,000 bbl/d project potential at the Hangingstone thermal asset WORLD CLASS ASSETS Diverse portfolio provides…
  3. March 2015 Corporate Update – Athabasca Oil Corp – slide 3
    3 CORPORATE OVERVIEW CAPITALIZATION OVERVIEW (Q4 2014) Stock exchange listing TSX Trading symbol ATH Share Price (March 11, 2015) 1.91 /sh 52-week trading range 1.70 - 8.69 /sh Basic shares outstanding 402 MM Fully diluted…
  4. March 2015 Corporate Update – Athabasca Oil Corp – slide 4
    4 WELL POSITIONED FOR GROWTH 2015 HIGHLIGHTS o Building a business that is self funded in the medium-term o Exit volumes expected to grow by 75% in 2015 o Conservative approach to capital allocation and spending CAPEX/ FUNDING IN…
  5. March 2015 Corporate Update – Athabasca Oil Corp – slide 5
    5 FOCUSED ON OUR CORE ASSETS LIGHT OIL: GREATER KAYBOB 2015 program o 203 million full year budget o 10 Duvernay and 2 Montney wells Go forward flexibility Hangingstone o Near-term Duvernay land retention requirements met by the…
  6. March 2015 Corporate Update – Athabasca Oil Corp – slide 6
    7 THE DUVERNAY IS A WORLD CLASS RESOURCE SELECT UNCONVENTIONAL PLAYS IN o Large in place resource NORTH AMERICA WORLD o High liquids yield: 100 -1,000 bbl/MMcf liquids CLASS o Initial results compare favorably to the Eagle Ford…
  7. March 2015 Corporate Update – Athabasca Oil Corp – slide 7
    MATERIAL EXPOSURE ACROSS THE KAYBOB 8 DUVERNAY FAIRWAY Volatile Oil Sections: 150,000 acres Locations: 1,300+ 12 Kaybob Kaybob East West North 14 Simonette 6 7 9 5 1 18 Two Creeks 8 19 15 17 Kaybob West 10 4 3 13 11…
  8. March 2015 Corporate Update – Athabasca Oil Corp – slide 8
    9 KAYBOB DUVERNAY ACTIVITY UPDATE 12 14 6 7 9 5 1 18 8 19 15 17 10 4 3 13 11 2 16 Xto Conoco Encana Talisman Other Apache Partial Apache Chevron Hitic Shell Trilogy Shell Partial AOC Duvernay Land AOC Existing…
  9. March 2015 Corporate Update – Athabasca Oil Corp – slide 9
    10 KAYBOB DUVERNAY WELL SUMMARY Duvernay Horizontal Well Summary Well UWI Key Dates Drilling Summary Completions Summary Production*** Spud On Prod. Spud - RR Lateral Stages** Water Sand IP30**** CTD mmm-yy mmm-yy days m m3 / stage…
  10. March 2015 Corporate Update – Athabasca Oil Corp – slide 10
    LIQUIDS AND OVERPRESSURE DRIVES 11 ECONOMICS o Industry drilling has confirmed the overpressured nature of the basin o High quality product (API low 40s to mid 50s) o Material exposure across all thermal maturity windows Pressure…
  11. March 2015 Corporate Update – Athabasca Oil Corp – slide 11
    12 CONDENSATE RICH GAS KAYBOB WEST SAXON SOUTH Capital (Cur./Dev.) MM 17/10 15/8 Restricted IP30 boe/d 1,000 - 1,400 700 - 1,400 1 Initial Liquids Yields bbl/MMcf 50 - 400 50 - 400 EUR mboe 700 - 1000 600 - 900 Regional Players…
  12. March 2015 Corporate Update – Athabasca Oil Corp – slide 12
    VALUE FROM CONDENSATE RICH GAS AND 13 VOLATILE OIL 2-34-62-20W5 WELL ECONOMICS WELL NPV SENSITIVITY TO LIQUIDS YIELDS1 Current Development 15 8-29-064-20W5 Capital MM 15.0 10.0 12 NPV 10% (MM) IP30 boe/d 1,350 1,350…
  13. March 2015 Corporate Update – Athabasca Oil Corp – slide 13
    14 UNLOCKING THE VOLATILE OIL WINDOW WHAT WE KNOW VOLATILE OIL WINDOW o Encouraged by initial success from AOC and others Capital (Cur./Dev.) MM 12 - 17 / 7 - 12 (restricted IPs 400 boe/d, over-pressured, high Restricted IP30 boe/d 400…
  14. March 2015 Corporate Update – Athabasca Oil Corp – slide 14
    15 CONTROL OF STRATEGIC INFRASTRUCTURE Total Battery Capacity Gas Pipeline Oil Capacity 36,000 bbl/d Up to Gas Capacity 84 MMcf/d, 180 MMcf/d Gas Capacity expandable to 130 MMcf/d Kaybob East AOC 91 km Pipeline Fort…
  15. March 2015 Corporate Update – Athabasca Oil Corp – slide 15
    16 DUVERNAY GROWTH SCENARIO SCENARIO OVERVIEW PROJECTED DAILY PRODUCTION (BOE/D) o Potential for significant annual production growth 70,000 6 Oil (bbl/d) o Cost learnings with the transition to development 60,000 Condensate 5…
  16. March 2015 Corporate Update – Athabasca Oil Corp – slide 16
    17 MONTNEY APPRAISAL AT PLACID PLACID MONTNEY WELL ECONOMICS1 o 2 well winter appraisal program aimed at Current Development demonstrating well performance similar to offsetting Capital MM 12.2 8.1 operators IP30 boe/d 1,520 1,520 o…
  17. March 2015 Corporate Update – Athabasca Oil Corp – slide 17
    HANGINGSTONE OVERVIEW
  18. March 2015 Corporate Update – Athabasca Oil Corp – slide 18
    19 HANGINGSTONE DEVELOPMENT HANGINGSTONE PROJECT 1 (12,000 BBL/D) Fort McMurray o 68 million forecasted remaining spend in 2015 o Targeting first steam at the end of Q1 2015 o US50-55/bbl cash flow break-even CPF WHAT HS1 MEANS FOR…
  19. March 2015 Corporate Update – Athabasca Oil Corp – slide 19
    20 AOC LEARNINGS LEAD TO SUCCESS POTENTIAL LEARNINGS APPLIED 5m of separation as per design ISSUE Drilled more delineation wells than industry KNOW THE average RESERVOIR High definition 3D Seismic Engineering and construction best…
  20. March 2015 Corporate Update – Athabasca Oil Corp – slide 20
    SUPPLEMENTAL INFORMATION
  21. March 2015 Corporate Update – Athabasca Oil Corp – slide 21
    22 DEBT AND CREDIT FACILITY OVERVIEW UNDRAWN CREDIT FACILITIES Q4 2014 INTEREST RATE PRE-PAYMENT TERMS Cdn 125 million senior secured revolving credit facility due 2017 125 5% Pre-payable without penalty 05/2015 102% US 50 million…
  22. March 2015 Corporate Update – Athabasca Oil Corp – slide 22
    23 OTHER LONG TERM ASSETS Slave Point BIRCH SLAVE POINT o 675,000 acre land position o 2.1 Bbbl contingent resource1 (best estimate) o Validated oil production with 2013 pilot program Birch Dover DOVER WEST SANDS West…
  23. March 2015 Corporate Update – Athabasca Oil Corp – slide 23
    24 MANAGEMENT TEAM AND BOARD MANAGEMENT TEAM BOARD OF DIRECTORS Thomas Buchanan, FCA Thomas Buchanan, FCA Chief Executive Officer Chairman & Chief Executive Officer o Over 30 years experience in the oil and natural gas sector, and…
  24. March 2015 Corporate Update – Athabasca Oil Corp – slide 24
    Corporate Office 1200, 215 - 9 Ave SW, Calgary, Alberta Telephone: 403-237-8227 Fax: 403-264-4640 www.atha.com

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