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Corporate Presentation – Triangle Petroleum Corp

Triangle Petroleum Corp · Mar 1, 2013 · 23 slides

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Slides

  1. Corporate Presentation – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION March 2013
  2. Corporate Presentation – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Triangle Highlights 4 Operated Program 7 Vertical Integration 11 Financial Overview 14 Investment Highlights 18 Appendix 20
  3. Corporate Presentation – Triangle Petroleum Corp – slide 3
    TRIANGLE HIGHLIGHTS
  4. Corporate Presentation – Triangle Petroleum Corp – slide 4
    TRIANGLE HIGHLIGHTS TRIANGLE PETROLEUM CORPORATION 86,000 net acres, 65% operated PUREPLAY WILLISTON BASIN Single basin strategy OPERATOR 85% oil weighted Core strategy to increase returns through ownership of value chain,…
  5. Corporate Presentation – Triangle Petroleum Corp – slide 5
    TRIANGLE HIGHLIGHTS ACREAGE POSITION Nesson Anticline Core Operating Area DETAILS MCKENZIE COUNTY WILLIAMS COUNTY/OTHER CORE STATION PROSPECT (3) NET ACREAGE 22,000 14,000 50,000 PERCENT OPERATED (%) (1) 50% 64% 70% BAKKEN…
  6. Corporate Presentation – Triangle Petroleum Corp – slide 6
    OPERATED PROGRAM
  7. Corporate Presentation – Triangle Petroleum Corp – slide 7
    OPERATED PROGRAM MCKENZIE COUNTY CORE AREA DETAILS 22,000 net acres; 50% operated Completion: Plug and perf, 100% ceramic Drilling Inventory: 114 operated locations Currently operating 2 drilling rigs 46 permits approved or…
  8. Corporate Presentation – Triangle Petroleum Corp – slide 8
    OPERATED PROGRAM WILLIAMS COUNTY / OTHER CORE CORE AREA DETAILS 14,000 net acres; 64% operated Completion: plug and perf, 25% ceramic Drilling Inventory: 84 operated locations 21 permits approved or submitted Williams AFE…
  9. Corporate Presentation – Triangle Petroleum Corp – slide 9
    OPERATED PROGRAM MONTANA STATION PROSPECT DETAILS 50,000 net acres; 70% operated Potential Drilling Inventory: 354 operated locations KEY HIGHLIGHTS Industry activity continues to escalate in offsetting townships…
  10. Corporate Presentation – Triangle Petroleum Corp – slide 10
    VERTICAL INTEGRATION
  11. Corporate Presentation – Triangle Petroleum Corp – slide 11
    VERTICAL INTEGRATION ROCKPILE ENERGY SERVICES RockPile Energy Services, LLC is focused on providing pressure pumping and ancillary services in the Williston Basin EXPANDING CAPACITY AND CAPABILITIES Second spread expected to be…
  12. Corporate Presentation – Triangle Petroleum Corp – slide 12
    VERTICAL INTEGRATION CALIBER MIDSTREAM MULTIPLE OPTIONS FOR OIL, INCLUDING PIPE AND RAIL GAS GOES TO MIDWEST MARKETS, INCLUDING CHICAGO STRATEGIC OBJECTIVE Get pipe into the ground and trucks off pads Offer Bakken operators…
  13. Corporate Presentation – Triangle Petroleum Corp – slide 13
    FINANCIAL OVERVIEW
  14. Corporate Presentation – Triangle Petroleum Corp – slide 14
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION LIQUIDITY PROFILE Share Price (as of March 12, 2013) 6.96 Total Cash (as of March 8, 2013) 105 90day % Change 16.4% Revolver Availability (as of March 8, 2013) 25 Shares…
  15. Corporate Presentation – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW FY14 CAPITAL BUDGET BUDGET DETAIL Capital Expenses Previous Capex Budget (mm) Change (mm) Revised Capex Budget (mm) TUSA 3Rig Operated Drilling Program 128 (2Rig Program) 37 165 TUSA NonOperated Drilling Program…
  16. Corporate Presentation – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW FINANCIAL AND PRODUCTION GUIDANCE TRIANGLE USA (E&P) 4,950 Revenue1 EBITDA2 5,000 ( million) ( million) FY 2014 Avg. Daily Production* 4,000 3,600 4,000 Boepd Q4 34 37 23 26 (Nov13 Jan14) 3,000 FY 2014 Avg.…
  17. Corporate Presentation – Triangle Petroleum Corp – slide 17
    INVESTMENT HIGHLIGHTS
  18. Corporate Presentation – Triangle Petroleum Corp – slide 18
    INVESTMENT HIGHLIGHTS TRIANGLE PETROLEUM INVESTMENT HIGHLIGHTS Singlebasin strategy with a scalable position Balanced portfolio of lowrisk development opportunities and exploration upside Vertical integration facilitating…
  19. Corporate Presentation – Triangle Petroleum Corp – slide 19
    APPENDIX
  20. Corporate Presentation – Triangle Petroleum Corp – slide 20
    APPENDIX SUMOFTHEPARTS ANALYSIS TRIANGLE USA (E&P) ROCKPILE ENERGY SERVICES Q4 FY14 Estimated Production: 4,800 Boepd Q4 FY2014 annualized EBITDA of 54 million5 80,000 per flowing barrel1 = 380 million Peer group EV/EBITDA range of…
  21. Corporate Presentation – Triangle Petroleum Corp – slide 21
    APPENDIX ROCKPILE ENERGY SERVICES IMPLIED VALUATION EV/EBITDA MULTIPLE VALUATION Low Case Average Case High Case RockPile Energy Services Q4 FY2014 annualized EBITDA of Peer EV/EBITDA 4.0x 5.1x 6.7x approximately 54 million1 RPES…
  22. Corporate Presentation – Triangle Petroleum Corp – slide 22
    APPENDIX CALIBER MIDSTREAM IMPLIED VALUATION EV/EBITDA MULTIPLE VALUATION Low Case Average Case High Case Caliber Midstream Q4 FY2014 annualized EBITDA of 31 EV/EBITDA 6.8x 10.9x 15.6x million1, or 9 million net to Triangles…
  23. Corporate Presentation – Triangle Petroleum Corp – slide 23
    APPENDIX RISK MANAGEMENT TRIANGLE STANDARD HEDGING PROGRAM Hedge Period Volume (Bopd) Days Total Volumes Floor Avg. Ceiling Calendarmonthaverage swap zero cost collar Cal 13 500 365 182,500 85.00 104.30 Calendarmonthaverage swap zero…

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