Executive Summary Financial Basic share 60.0 MM Options (1.33 - 4.40) 5.1 MM Diluted shares 65.1 MM Net Debt (Dec. 31, 2014 estimate) 23.0 MM Credit Facility (National Bank) 70.0 MM Asset Base Proved Reserves(1) 17.7 MMBOE…
Executive Summary Maintain Operational Flexibility - adjust program with commodity price Montney Reserves Dec 31 2014 1) Alberta: Montney Condensate-rich Gas Project Kicking Horse currently holds 471 gross/350 net sections in the…
Management Steve Harding, P.Geol President and Chief Executive Officer Steve is a Professional Geologist with over 30 years of experience Previously VP Alaska/Mackenzie Delta & Northern Canada EnCana Corp., Chief Geoscientist at Husky…
Board of Directors Ken Bowie, P.Eng, MBA Pres./CEO of Spry2 Energy Inc.; Formerly Pres./ CEO of Spry Energy (sold to Whitecap in April 2011), Former Pres./ CEO of Progress Energy Ltd. Member of the Reserves and Corporate Governance,…
Montney Geology Fractured, brittle shelf sandstones, siltstones and shales Both primary & secondary porosity, influenced by both mineralogy and depositional facies Rapidly deposited depositional units within the reservoir facies,…
Kicking Horse Montney Land Base Current Focus Area: 21 gross sections at East Kakwa 15 net sections 46 sections at West Kakwa 25 net sections 27 net sections at Chime 23 net sections at Pinto 6 additional shallow rights sections…
East Kakwa - Multiple Prospective Zones KCK Both Upper(D4) and Middle Montney(D2) have demonstrated commercial KCK Wells 7G Wells hydrocarbon productivity in the Kakwa area (100m thick interval) Industry is beginning to delineate…
East Kakwa Reserves and Economics Independent Evaluation by McDaniel & Associates December 31, 2014 Approximately 65% of acreage is booked - Currently 7.25 gross sections remain unbooked by McDaniel Proved reserves of 46bcf natural…
Improved Fracing Techniques at East Kakwa Improving frac technology application by progressively expanding the limits of existing technology Fraced well bore with new technology in Q3 2014 Successfully fraced 4 wells since,…
Operational Excellence at East Kakwa Industry leading capital management 33% reduction in drilling times since early wells Longer wells and pad drills and completes are most cost efficient New fracing techniques deployed on recent…
East Kakwa Pricing Sensitivities Rate of return at Kakwa largely driven by condensate pricing (due to very high condensate volumes) Kakwa achieves a high rate of return within a lower oil price environment ROR remains at or above…
Kakwa Infrastructure KCK designed gathering system for flexibility Firm service contracts cover KCK and WI partner for approximately 15mmcf/d and 3,000+ bbl condensate Liquids & gas infrastructure expanding to meet area production…
West Kakwa, Chime and Pinto Competitor activity helping de-risk KCK Montney outside of East Kakwa 7G, Paramount, Tourmaline, CNRL etc. all active in the region Montney opportunity observed in zones beyond the Middle Montney Shallow…
New Brunswick Natural Gas Prospective gas interval up to 2000m in thickness Brittle sandstone and shale lithologies; fracturing seen in the Frederick Brook GLJ estimated 10.9 Tcf undiscovered PIIP (best estimate) in Frederick Brook…
LNG Opportunity Kicking Horse has aligned with Pieridae/Goldboro LNG: Pieridae is a private Canadian company with plans to build an LNG facility in Nova Scotia, sourcing gas from the Scotian Shelf, Onshore Atlantic Canada and the NE…
New Brunswick Oil Projects Two light oil (36-37o API), projects each with significant oil in place Drilled 2 multistage fraced horizontal wells in the 100+ year old Stoney Creek Field that confirmed excellent reservoir continuity and…
Near Term 2015 Capital Plan February: Finished drilling 13-23-63-6 W6M well and released rig March: Complete (Frac) the 15-25-63-6 well prior to breakup (weather dependent) April/May: Finalize expansion of the 16-7 facility by early…
Steve Harding Raymond Sully President/Chief Executive Officer Chief Operating Officer 403-771-1091 403-234-8663 shardingkickinghorseenergy.com rsullykickinghorseenergy.com Calgary Calgary Chad Kalmakoff VP Finance & Chief Financial…
Loading...
