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CORPORATE PRESENTATION – Traverse Energy, Inc.

Traverse Energy, Inc. · Jan 1, 2015 · 19 slides

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Slides

  1. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 1
    Corporate Presentation, January, 2015
  2. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 2
    Oil and Gas Advisory Any references in this presentation to production tests are useful in confirming the presence of hydrocarbons, however, such tests are not necessarily determinative of the production rates at which such wells will…
  3. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 3
    The Company Recapitalization of Firstland Energy Ltd. June, 2009 New management & name changed to Traverse Energy Ltd. June, 2009 11.5 million financing ( 0.80/share) completed March, 2014 70.5 million shares issued 75.1 million…
  4. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 4
    Corporate Strategy Growth through the drill bit (predominantly 100% working interest) Exploring for new oil pools that can be exploited by vertical and horizontal drilling Maintain a significant undeveloped land base (185,900 net…
  5. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 5
    Management Team Laurie Smith, P. Geol., President David Erickson, P. Geol., Vice President & COO Sharon Supple, CA, CFO History 25 years together as senior management team Petromet Resources Limited - drill bit growth 0 to…
  6. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 6
    Financial Highlights (in thousands except where stated) 9 months, 2014 2013 2012 Petroleum & natural gas revenue 14,209 14,674 7,922 Net income (loss) 1,788 3,245 (2,828) Funds from operations 8,136 9,914 5,588 * Net capital…
  7. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 7
    Annual Reserves, Production and Land As at December 31, 2013 2012 2011 Proved reserves (mBOE) 1,447.2 865.4 401.6 Proved + probable reserves (mBOE) 1,910.4 1,218.6 566.0 Production (BOE/d) 680 405 197 Finding & Development Costs…
  8. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 8
    Commodity Pricing, Production and Operating Netbacks 9 months, 2014 2013 2012 Average Sales Price Natural gas (/Mcf) 4.35 3.44 2.65 Oil and NGL (/bbl) 89.65 83.11 77.90 Average daily production (BOE) 883 680 405 Netback per BOE…
  9. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 9
    Areas of Activity Undeveloped Land Holdings (December 31, 2014) Gross Net Acres Acres West Central 3,200 3,200 East Central 163,300 162,500 Southern 20,800 20,200 187,300 185,900 Average Working Interest: 99%
  10. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 10
    East Central Alberta Area Land Holdings 123,500 Acres 2014 Activity 12 wells drilled at Coyote & Michichi Coyote (10 wells including 2 horizontal wells resulting in 9 oil &1 natural gas well) Michichi (2 wells resulting in 2…
  11. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 11
    Coyote Area Land Holdings 12,960 acres 2014 Activity Q3 production 370 BOE/day (72% oil & ngl) 10 wells (8 vertical & 2 horizontal) drilled in 2014 resulting in 9 oil wells & 1 natural gas well Battery expansion in Q3…
  12. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 12
    Coyote Area Detail 2014 Activity Drilled 7 vertical oil wells into the Coyote Ellerslie pool Drilled 2 hz Ellerslie wells in September/October 9-36 production tested for 4.25 days, produced 1,290 bbls oil & 4.2 mmcf raw gas. Final…
  13. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 13
    Michichi Area Land Holdings 25,000 acres 2014 Activity 3D seismic shot in March 1 natural gas well drilled Q1; on production in August, Q3 production 68 BOE/day (8% oil & ngl) 1 natural gas well drilled & completed in Q3:…
  14. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 14
    Hanna Area Land Holdings 45,000 acres 2014 Activity Shot and purchased additional 2D seismic 2015 Activity 1 re-entry well planned
  15. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 15
    Turin Area Land Holdings 3,320 acres all rights 3,300 acres rights below Mannville 2014 Activity 8 producing wells Q3, 2014 production of 558 BOE/day (31 % oil and ngl) Battery daily capacity - 2,500 barrels fluid, 2.5 MMcf…
  16. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 16
    Brazeau Area Royalty Property 6,400 acres 5% - 10% GORR on oil, 10% GORR on NGLs and natural gas Production 22 horizontal Cardium wells on production at Q3, 2014 (101 BOE/day averaging 50 % oil & ngl)
  17. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 17
    Summary 2014 program Seismic shot and purchased at Coyote, Michichi & Hanna 14 wells drilled resulting in 9 oil wells & 5 natural gas wells Q4 production 1200 BOE/day (55% oil & ngl) Expenditures for 9 months, total 23.1million 2014…
  18. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 18
    Corporate Information Evaluation Engineers: Sproule Associates Ltd. Bank: Alberta Treasury Branch Auditor: KPMG LLP Solicitor: Borden Ladner Gervais LLP Transfer Agent: Valiant Trust Company Board of Directors Laurie Smith:…
  19. CORPORATE PRESENTATION – Traverse Energy, Inc. – slide 19

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