Eagle Energy Trust VISION GROWTH INCOME Investor Presentation October 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 Eagles objective is to provide investors with a reliable distribution paying investment by generating stable cashflows and managing risk while delivering moderate growth through increasing unit value. Eagle recently…
Corporate Profile Current Estimated Working Interest Production: 1,900 boe/d Production Split: 95% light oil Cash on Hand: US 55 million Credit Facility Available: US 55 million Annual Distribution: 1.05 per unit Current Yield (1)(2):…
Market Data Ticker Symbol: TSX: EGL.UN Units Outstanding (basic): 34.8 million 52 Week Range: 4.57 9.05 Recent price (Oct 17/14 close): 4.70 Average daily trading volume (30 day): 116,341 units 30 day VWAP: 5.15 Market Cap (Oct 17/14):…
Proposal to Invest in Canadian Assets A Special Meeting of unitholders will be held on November 24, 2014 to vote on a special resolution to permit the acquisition of Canadian energy assets. Opportunities in Canada are as attractive as…
Impact of Eagle Investing in Canadian Assets Acquiring Canadian Assets will not affect Eagles U.S. Investments and U.S. Sourced Distributions: No effect on its U.S. operations or on the taxes on distributions from U.S. assets. The…
Sale of Permian Properties In August 2014, Eagle sold its Texas Permian asset for US 140 million. Eagles remaining U.S. properties produce approximately 1,900 barrels of oil per day. As a result of the disposition, Eagle…
Q2 2014 Highlights Average working interest sales volumes of 3,341 boe/d. (Prior to the Permian disposition). Top quartile field netbacks of 53.10/boe. Canadian dollar realized oil prices of 109.17/bbl. Funds flow from operations…
Hedging Program Eagle has price protection on more than 80% of production through June 2015. Hedging Summary 3400 3200 3000 US 87.90 Fixed Price 2800 US 90.50 x US 94.35 Costless Collar 2600 2400 US 90.10 x US 92.00 Costless…
Eagles Areas of Operation Eagle currently holds a light oil weighted portfolio and operates properties in three areas: Salt Flat (Edwards), Palo Pinto and Hardeman (Pennsylvanian, Mississippian and Ordovician). Eagle is seeking…
Eagles Areas of Operation Caldwell County Salt Flat Properties 13
Eagles Areas of Operation Palo Pinto County Palo Pinto Properties 14
Eagles Areas of Operation Hardeman County Hardeman Properties 15
Eagles Areas of Operation Hardeman County Hardeman Properties 16
Operations Update Substantially all of Eagles capital budget has been successfully deployed and we are pleased with the results thus far. Continue to decrease operating costs in the Salt Flat and Hardeman areas. Eagle has…
Operations Update (cont.) Hardeman Properties Recompleted one well, with results meeting expectations. Completed reprocessing of 3D seismic across part of the acreage using the latest technology and added more drilling locations…
Operations Update (cont.) Salt Flat Properties Two wells drilled during the first quarter continue to meet production expectations. Eight horizontal pumps installed with better than expected performance. Salt Flat capital program…
Production History 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 Q2/14…
Highlights Production is 95% oil. Premium netbacks and competitive operating costs. Strong balance sheet cash on hand and debtfree. Experienced management team and Board. Continue to strategically acquire, operate and exploit U.S.…
CONTACT: Richard W. Clark, President and CEO Tel: (403) 5311575 Kelly Tomyn, CFO Tel: (403) 5311574 Eagle Energy Inc. Eagle Hydrocarbons Inc. 2710, 500 4th Avenue SW 3005, 333 Clay Street Calgary, AB T2P 2V6 Houston, TX 77002…
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Management Richard Clark, B.A. (Econ), LLB, Director, President and Chief Executive Officer 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,…
Management Continued Scott Lovett, M.Sc., MBA, P.Eng, Vice President, Corporate & Business Development Over 18 years experience in the oil and gas industry, including reservoir evaluations, acquisitions and divestments, business…
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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