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INVESTOR PRESENTATION – Touchstone Exploration Inc.

Touchstone Exploration Inc. · May 13, 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. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 1
    MAY 13, 2014 TSX: TXP Jacobin 1, May 1, 2014 Cory Moruga, Trinidad
  2. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 2
    STRATEGIC COMBINATION: OVERVIEW TRANSACTION OVERVIEW THE PRO FORMA COMPANY Touchstone Exploration (TSXV: TAB) and Petrobank Energy and Resources (TSX: PBG) have announced a strategic combination by Renamed Touchstone Exploration Inc.…
  3. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 3
    NEW TOUCHSTONE CAPITAL STRUCTURE New Touchstone TSX: TXP Shares Outstanding 81,653,597 Dilution: Convertible debentures warrants* 235,500 Long-term debt warrants** 2,260,800 Existing Options 882,660 Incentive Shares 192,750…
  4. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 4
    2014/2015 BUDGET SUMMARY 95 USD Oil Price Per Barrel (000s /CAD) 2014* 2015 Trinidad Average Production (bbls/d) 2,000 2,100 2,800 3,000 Trinidad Exit Production (bbls/d) 2,300 2,400 3,100 3,300 Anticipated wells drilled 21.3 30…
  5. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 5
    TRINIDAD Trinidad Onshore PRODUCING PROPERTIES OFFSHORE EXPLORATION BLOCK Eleven (11) Producing Properties Lease Operatorship Agreements (LOA) Average Working Interest 26.1% Fee Simple/Freehold 5,310 Working Interest acres Average…
  6. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 6
    Trinidad Assets & 2014 Capital Focus Oil 2014 FY 2014 Net Total potential April 2014 Development Program (bbl/d) Capital wells locations Volumes (MM) (net) Two drilling rigs secured moving forward in 2014 Well Services Rig 2 to…
  7. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 7
    COORA BLOCK Ownership Territorial Services Limited - 100% Working Interest Acreage Touchstone Drilled Well Lease Operator Agreement: 1,687 acres (100%) 2014/15 Drilling Location Initial Development: 1936 Future Drilling Location…
  8. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 8
    COORA BLOCK CO-363* Average Daily Oil Production CO-363 150 Coora Area (Q4 2013) USD 100 CO-363 Production: 433 bbls/d Prod wells 95 50 Q4 Oil Price: 95.59/bbl Q4 Op Ex: 20.56/bbl Coora Avg. (4 wells) Q4 Royalty : 33.42% 0 1…
  9. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 9
    COORA BLOCK Recompletion & Infill Target 200 Coora New Wells 180 Normalized CD Rates 160 140 120 bbls/ CD Coora Drilling Program Economics 100 (Assuming 90/bbl US flat) 80 60 Plan: 4 Wells 40 Depth: 4,000 to 4,500 ft 20…
  10. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 10
    FOREST RESERVE WD-8 TERRITORIAL SERVICES LIMITED Forest Reserve WD-8 Ownership LOCATION MAP Territorial Services Limited - 100% AUTHOR: JAMES SHIPKA REVISION: JULY 2013 Working Interest Acreage Lease Operator Agreement: 500…
  11. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 11
    FOREST RESERVE WD-8 FR-1720* Average Daily Oil Production FR-1720 140 WD-8 Area (Q4 2013) USD 120 100 FR-1720 Production: 400 bbls/d Prod wells 32 80 Q4 Oil Price: 95.40/bbl 60 Q4 Op Ex: 29.16/bbl Q4 Royalty : 32% 40 20 Q4…
  12. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 12
    WD-8 PERFORMANCE Cumulative (Mstb) 80 WD-8 Type Curve (15 Wells) 40 15 wells drilled in last 3.5 years 70 35 Seven recent 1700-series wells 60 30 strongest 50 25 Rate (bbls/d) 40 20 Historical average Drill, Case and 30…
  13. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 13
    GRANDE RAVINE WD-4 Ownership Optimal Services Limited - 100% Working Interest Acreage Lease Operator Agreement: 700 acres (100%) Initial Development: 1957 Wells Drilled: 72 Wells on Production: 35 GEOLOGY and ENGINEERING…
  14. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 14
    GRANDE RAVINE WD-4 PS-266RD* Production PS-266RD 140 WD-4 Area (Q4 2013) USD 120 100 Production: 471 bbls/d 80 PS-266RD Prod wells 35 60 Q4 Oil Price: 95.42/bbl 40 X/Y: Q4 Op Ex: 8.69/bbl 2130400 2131400 2132400 2133400 2134400…
  15. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 15
    Sept 2013 UNDEVELOPED CATEGORY GRANDE RAVINE WD-4 WD-4 Drilling Program Economics (Assuming 90/bbl US flat) PUD Location PUD 2PUD Plan: 5 Wells DH-6 64 115 Depth: 6,000 to 6,800 ft DCE Cost: 1,200 M USD/well HO-110 88.5 115…
  16. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 16
    ORTOIRE BLOCK EXPLORATION PROSPECT Currently finalizing Exploration Licence with Ministry of Energy and Energy Affairs Currently negotiating Joint Operating Agreement with Petrotrin Petrotrin carried on Minimum Work Obligations…
  17. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 17
    CORY MORUGA EXPLORATION PROGRAM Jacobin 1 Location Location is northwest of the well established Moruga West Field targeting the Miocene Herrera and Oligocene Lower Cipero sandstones Location is based on 3-D seismic interpretation and…
  18. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 18
    EXECUTION FOCUS Operations & Characterization WD-8 Well Services drilling rig 2 (May 3rd) 19
  19. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 19
    DRILLING EXECUTION GOAL Reduce Time Deviation Average 14 days Historically wide variation in drilling days despite consistent depth (8 to 24 days) Drill, complete, equip cost per well range from 750M to 1,300M USD Target: 10…
  20. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 20
    DRILLING EXECUTION FOCUS 80% Solution Historical Status Drilling dominates total well cost Variable day rate approximately 40K to 50K USD per day Local drilling rigs are satisfactory but dated Major service suppliers located on…
  21. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 21
    TRINIDAD FIELD PRODUCTION Trial of Sumped Progressive Cavity Systems Left Helix Pump - Kudu The Challenge: Clay fines and solids production exist in many wells 70% of lift systems are rod pumps Most lift systems are landed 100+ feet…
  22. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 22
    CANADA HEAVY OIL FOCUSED LAND POSITION Heavy Oil and Oil Sand Focused Development to Date 75,061 Working Interest Acres Alberta Oil Sands Alberta 1.7 trillion bbls 31.5 Sections 20,160 Working Interest acres 100% Average Working…
  23. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 23
    CANADA SASKATCHEWAN R25 R23 N. Luseland Waseca Channel Trend Kerrobert THAI Project Approximately 355 bopd Luseland Luseland - Cold Production Approximately 85 bopd (two wells) Additional drilling opportunities identified…
  24. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 24
    CANADA DAWSON, ALBERTA PBG Land CSS pilot project area Channel Area Approximate level of 05/04-20 (DP1) Horizontal Cyclic Steam Injection Pilot Program Two well pilot program currently in steam injection phase Production…
  25. INVESTOR PRESENTATION – Touchstone Exploration Inc. – slide 25
    1100, 332 6th Avenue SW Calgary, Alberta, Canada T2P 0B2 Tel 403.750.4400 Fax 403.266.5794 infotouchstoneexploration.com 26

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