Eagle Energy Trust VISION GROWTH INCOME Investor Presentation August 2014
Mission Statement VISION We create wealth for investors by combining innovation, expertise and opportunity. GROWTH We target a capital spend and payout ratio that sustains moderate growth and distributes income. INCOME We…
Overview Eagle Energy Trust provides investors with a publicly traded, oil focused reliable distribution paying investment, with favourable tax treatment relative to taxable Canadian corporations. Investors receive a portion of…
Corporate Overview Q2 2014 Working Interest Production: 3,341 boe/d Production Split: 91% light oil and NGLs Credit Facility: US 90 million Annual Distribution: 1.05 per unit Current Yield (1)(2): 17.0% Tax Pools: approx. 306…
Market Data Ticker Symbol: TSX: EGL.UN Units Outstanding (basic): 34.1 million 52 Week Range: 4.92 - 9.05 Recent price (Aug 15/14 close): 6.18 Average daily trading volume (30 day): 94,026 units 30 day VWAP: 6.36 Market Cap (Aug 18/14):…
Q2 2014 Highlights Average working interest sales volumes of 3,341 boe/d. Premium quartile field netbacks of 53.10/boe. Canadian dollar realized oil prices of 109.17/bbl, giving Eagle a substantial revenue advantage over producers of…
Sale of Permian Properties and Outlook August 13, 2013 the Trust entered into an agreement to sell its entire working interest in its oil and natural gas properties in the Permian Basin, located near Midland, Texas for a cash…
Hedging Program Hedging Summary 3400 3200 3000 87.90 Fixed Price 2800 90.50 x 94.35 Costless Collar 2600 2400 90.10 x 92.00 Costless Collar 2200 85.40 Fixed Price 2000 BBL/D - OIL 1800 93 x 95.35 Costless Collar 1600…
Eagles Areas of Activity Eagle holds a light oil weighted portfolio and operates properties in 3 core areas: Salt Flat (Edwards), Palo Pinto and Hardeman (Pennsylvanian, Mississippian and Ordorcian). 10
Eagles Areas of Operation Caldwell County Salt Flat Properties 11
Eagles Areas of Operation Palo Pinto County Palo Pinto Properties 12
Eagles Areas of Operation Hardeman County Hardeman Properties 13
Eagles Areas of Operation Hardeman County Hardeman Properties 14
Operations Update Over 75% of Eagles US 28 million capital budget has been successfully deployed and we are very pleased with the results thus far. Its operational F&D* costs rivaled or exceeded Eagles best ever performance. We…
Operations Update (cont.) Hardeman properties: Recompleted one well, with results meeting expectations; Eagle continues to evaluate its seismic data to add more drilling locations to its inventory. To date, Eagle has identified…
Operations Update (cont.) Salt Flat properties: The two wells drilled during the first quarter continue to meet production expectations and Eagle installed eight horizontal pumps with good success. In aggregate, the Salt Flat capital…
Production History & Forecast 4,000 3,500 3,000 Average WI Production per Quarter (boe/d) 2,500 2,000 1,500 1,000 500 0 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14…
Highlights Solid metrics: 91% light oil and NGLs Premium netbacks Competitive operating costs Strong balance sheet prudent use of debt Experienced management team and Board Demonstrated ongoing organic growth Predictable…
CONTACT: Richard W. Clark, President and CEO Tel: (403) 531-1575 Kelly Tomyn, CFO Tel: (403) 531-1574 Eagle Energy Inc. Eagle Hydrocarbons Inc. 2710, 500 4th Avenue SW 3005, 333 Clay Street Calgary, AB T2P 2V6 Houston, TX 77002…
APPENDIX 23
Management Richard Clark, B.A. (Econ), LLB, Director, President and CEO 19 years in the legal profession as a founding partner at a boutique oil and gas law firm, then 10 years at a Canadian national law firm, specializing in…
Management Continued Robert Cunningham, Vice President, Business Development (Houston) Over 25 years experience in the oil and gas industry involving business development, finance, energy banking and risk management. James Elliott,…
Board of Directors David Fitzpatrick, P.Eng., Chairman Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer of Shiningbank Warren Steckley, P.Eng., Chair of Reserves…
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