Eagle Energy Trust VISION GROWTH INCOME Investor Presentation February 2015
Mission Statement VISION We strive to create wealth for investors by combining innovation, expertise and opportunity GROWTH We will maintain a sustainable payout ratio which provides for moderate growth INCOME We strive to…
Corporate Profile Current Estimated Working Interest Production: 3,050 boe/d Production Guidance Full Year 2015 : 2,950 3,150 boe/d Production Split: 97% light oil 2015 Ending Debt to Trailing Cashflow: 1.2 times(1) 2015 Corporate…
Market Data Ticker Symbol: TSX: EGL.UN Units Outstanding (basic): 35.1 million 52 Week Range: 1.58 - 8.38 Recent price (Feb 9/15 close): 2.05 Average daily trading volume (30 day): 115,191 units Market Cap (Feb 9/15): 72 million…
Recent Events In December 2014, Eagle acquired Dixonville properties in Alberta for 100 million 50% non-operated working interest Waterflood producing 1,250 bbl/d of 30 API oil Eagle continues to own and operate oil properties…
Eagle Exercises Fiscal Prudence and Discipline In December 2014 Eagle reduced its annual distribution to 0.03 per unit per month (0.36 per unit annualized) due to the rapid decline in commodity prices Eagle announced a 2015 capital…
Permian for Dixonville Our Vision in Action Innovation, expertise and opportunity: The first energy trust to re-enter Canada Sold Permian at height of market in August 2014 Took advantage of the downturn in the market to acquire…
CDN Properties Dixonville Property (Alberta) 60 km from Peace River 50% non-operated working interest in a horizontal oil waterflood in the Montney Formation currently operated by Spyglass Resources Corp. 1,250 boe/d WI to…
CDN Properties Dixonville Property (Alberta) Premier Waterflood in Western Canada Low decline, high netbacks Production aspects Current field Decline rate sub 10% production Currently producing 2,500 boe/d (1,250 boe/d net to…
US Properties Salt Flat Property (Texas) Current production 1,350 bbl/d Producing light oil (35oAPI) from the Edwards limestone formation, located in the Salt Flat field in Caldwell County, South Central Texas Salt Flat field…
US Properties Hardeman Property (Texas & Oklahoma) o Producing light oil (45 API) from the Chappel and Atoka Conglomerate formations, located in Hardeman County, Texas and Jackson County, Oklahoma Approximately 79,000 gross acres…
2015 Revised Capital Budget Eagles 2015 capital budget is reduced to 13.7 million: Texas and Oklahoma (US 9.9 MM) Salt Flat Property 3 (3.0 net) horizontal oil wells Seismic processing, horizontal pump installations Hardeman…
2015 Revised Guidance Revised Guidance Original Guidance Notes Capital Budget 13.7 mm 15.0 mm 1 Working Interest Production 2,950 to 3,150 boe/d 2,950 to 3,150 boe/d 2 Operating Costs per Month 1.8 to 2.0 mm 1.8 to 2.0 mm 3…
2015 Guidance & Sustainability Eagles conservative payout ratio is designed to support the Trusts sustainability Revised Original Guidance Guidance Payout Ratios Basic Payout Ratio(1) 42% 43% Plus: Capital Expenditures 46% 50%…
2015 Sensitivities In 2015, Eagle is within its comfort zone for its payout ratio and debt levels over a wide range of commodity prices Sensitivities to Commodity Price 2015 Average WTI US 50 (FX 1.30) US 60 (FX 1.25) US 70 (FX…
Operations Update The focus continues to be on efficiency and capital discipline: 2014 capital efficiency(1) was the best since inception, a trend Eagle will carry into 2015 The estimated cost of replacing declines continues to…
Hedging Program Eagle has price protection on more than 50% of production through to June 2015. The mark-to-market value of Eagles hedges, as of January 30th, is CA 13.5 MM. Hedging Summary 3200 3000 2800 2600 2400 2200 2000…
Production History 4,000 Average WI Production per Quarter (boe/d) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2015 Q4/14 Forecast 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…
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…
CONTACT: Kelly Tomyn, CFO Tel: (403) 531-1574 Richard W. Clark, President and CEO Tel: (403) 531-1575 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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