Corporate Overview and Outlook March 2015 TSX:AET.un
Argent Energy Trust Snapshot Income: 20% cash-on-cash yield (1) Argents 2014 production averaged 6,641 BOE/d 67% oil and NGLs Argents 2015E production is expected to average approximately 6,000 BOE/d 70% oil and NGLs Argents…
Corporate Overview (AET.un) Market Capitalization: 38 MM(1) Enterprise Value: 320 MM(1) Units Outstanding (basic): 63.9 MM Unit Price Annual Range: 0.45 5.69 per unit Annual Distribution: 0.12 per unit (20% cash payout ratio)…
Exploring Strategic Alternatives The Board has determined that exploring strategic alternatives is the best course of action in order to maximize unitholder value and has engaged BMO Capital Markets to help evaluate all alternatives…
Argent Assets Diversified portfolio of opportunities in Asset Location Texas, Oklahoma, Kansas and Wyoming Texas, Oklahoma, Kansas and Wyoming oil Legacy fields Established long lived production Power River Basin Parkman and Turner…
2014 Reserve Information US (as of Dec 31, 2014) GLJ December 31, 2014 Reserves PDP PDNP PUD TP PROB TPP Company Interest 12,971 925 7,734 21,630 16,984 38,613 Oil Eq. (Mboe) % Liquids 78% 92% 50% 69% 59% 64% Working Interest…
Production Highlights Q4 2014 production averaged 6,528 boe/d (65% oil and NGLs) Argent provided average annual production guidance for 2015 of 6,000 boe/d reflecting reduced capital expenditure budget and natural declines.…
Areas of Operation Argent Energy Trust Total - Q4 2014 production of 5,123 net boe/d (6,528 WI) 65% Oil & NGL production - 17.2 NET MMBOE (21.5 CI) proved reserves, 71% Oil & NGL - R/P = 9.2 yrs on net boe/d basis(1) Powder River…
Reserves and Value by Region (1) Based on NPV10 of working interest proved plus probable reserves per GLJ independent reserve report as at December 31, 2014 using GLJ commodity pricing forecast as at December 31, 2014 TSX:AET.un…
Marketing Differentials(1) WTI less 10-15 WTI less 5.50 WTI less 2.00 WTI less 1 WTI less 3.64 WTI plus 3.00 NYMEX less 0.30 (1) Based on prices received in December 2014. Differentials vary monthly. 11…
Sales and Funds Flow Highlights Q4 2014 sales of 35.9 MM(1) Q4 2014 funds flow from operations of 14.8 MM (0.23/unit) (1) Oil and gas sales before royalties and excluding risk management gains/losses TSX:AET.un 12
Eagle Ford / Austin Chalk Fields Q4 2014 Production of 1,054 net boe/d (1,338 WI) 96% Oil & NGL Operations Completed in 2014 Eagle Ford / Austin Chalk Fields 6 Eagle Ford oil wells completed in Gonzales Upside Opportunities…
Gulf Coast Fields Q4 2014 Production of 2,633 net boe/d (3,488 WI) 39% Oil & NGL Operations Completed in 2014 2 Wilcox gas wells completed in South Escobas Recompletions Gulf Coast Fields Artificial Lift Upsize & optimization…
Mid Continent Fields Q4 2014 Production 557 net boe/d (671WI) 86% Oil & NGL Operations Completed in 2014 No significant CAPEX has been spent in this area Successful polymer treatments in Arbuckle Mid Continent Fields Operational…
Powder River Basin Fields 261 Producing Wells on approximately 50,000 net acres 60 Argent operated wells 201 non-op wells Q4 2014 Production of 879 net boe/d (1,031 WI) 99% Oil & NGL Powder River Basin Fields Operations completed…
Powder River Basin Locator Formations with Horizontal Potential Current focus Source: Bill Barrett Corporation presentation at EnerCom 2013 TSX:AET.un 17
Powder River Basin Wyoming Parkman Upside Operators including Devon, EOG, Petro-Hunt, Yates and others have been actively developing the Parkman and Turner in the immediate area of Argent acreage. Argent has identified approximately…
Powder River Basin Wyoming Turner Upside Operators including Devon, EOG, Petro- Hunt, Yates and others have been actively developing the Parkman and Turner in the immediate area of Argent acreage. Argent has identified…
2015 Capital Opportunities Approximately 11,800 net acres prospective in fairway of active Parkman and 15,900 net acres prospective in fairway of Turner horizontal oil play. Active operators include Devon Energy Resources, EOG…
Summary Annual distribution paid in cash monthly 20% cash-on-cash yield Long life assets P+P Reserve Life Index (RLI) = 16.0 years(1) Proved RLI = 8.9 years(1) Control over operations (Argent office and field staff) and capital…
Contact: John Elzner, President and CEO Sean Bovingdon, CFO 500, 321 6th Ave SW Calgary, AB T2P 3H3 403.770.4809 infoargentenergytrust.com www.argentenergytrust.com TSX:AET.un
Appendix TSX:AET.un 23
Structure Tax efficient mutual fund trust structure Interest and operating deductions result in no Unitholders Administrator material U.S. taxes for several years Shareholder No SIFT tax in Canada Only Canadian tax is at unitholder…
Argent Energy Trust Executive Team Executive Background John Elzner Over 30 years of executive and management experience President and CEO Previous senior positions with El Paso Corporation and Coastal Corporation Senior Vice President…
Argent Energy Trust Board of Directors Director Background John Elzner See management bios President & CEO John Brussa Senior Partner & Head of the Tax Department of the law firm Burnet, Duckworth & Palmer LLP Director, Acting Chairman…
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