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Corporate Presentation – Triangle Petroleum Corp

Triangle Petroleum Corp · Jan 15, 2013 · 19 slides

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Slides

  1. Corporate Presentation – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION January 2013
  2. Corporate Presentation – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Triangle Highlights 4 Operated Program 8 Vertical Integration 12 Financial Overview 15 Investment Highlights 19
  3. Corporate Presentation – Triangle Petroleum Corp – slide 3
    TRIANGLE HIGHLIGHTS
  4. Corporate Presentation – Triangle Petroleum Corp – slide 4
    TRIANGLE HIGHLIGHTS TRIANGLE PETROLEUM COMPANY OVERVIEW 86,000 net acres, 60% operated PUREPLAY WILLISTON BASIN Single basin strategy OPERATOR 85% oil weighted Core strategy to increase returns through ownership of value…
  5. Corporate Presentation – Triangle Petroleum Corp – slide 5
    TRIANGLE HIGHLIGHTS PRODUCTION AND DRILLING INVENTORY AVERAGE DAILY PRODUCTION (BOEPD) 3,500 3,200* Funded RockPile Completed first operated well 3,000 Funded Caliber Midstream Spud first operated well RockPile completed first…
  6. Corporate Presentation – Triangle Petroleum Corp – slide 6
    TRIANGLE HIGHLIGHTS ACREAGE POSITION Core Operating Area Nesson Anticline DETAILS MCKENZIE COUNTY WILLIAMS COUNTY/OTHER CORE STATION PROSPECT (3) NET ACREAGE 21,000 15,000 50,000 PERCENT OPERATED (%) (1) 42% 50% 70% BAKKEN…
  7. Corporate Presentation – Triangle Petroleum Corp – slide 7
    OPERATED PROGRAM
  8. Corporate Presentation – Triangle Petroleum Corp – slide 8
    OPERATED PROGRAM MCKENZIE COUNTY CORE AREA DETAILS 21,000 net acres; 42% operated Completion: Plug and perf, 100% ceramic Drilling Inventory: 96 operated locations Currently operating 2 drilling rigs 53 permits approved or…
  9. Corporate Presentation – Triangle Petroleum Corp – slide 9
    OPERATED PROGRAM WILLIAMS COUNTY / OTHER CORE CORE AREA DETAILS 15,000 net acres; 50% operated Completion: plug and perf, 25% ceramic Drilling Inventory: 78 operated locations 21 permits approved or submitted Williams AFE…
  10. Corporate Presentation – Triangle Petroleum Corp – slide 10
    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…
  11. Corporate Presentation – Triangle Petroleum Corp – slide 11
    VERTICAL INTEGRATION
  12. Corporate Presentation – Triangle Petroleum Corp – slide 12
    VERTICAL INTEGRATION COMPLETIONS OPERATIONS FROM ROCKPILE ENERGY SERVICES SUMMARY ECONOMICS RockPile Energy Services, LLC is a 100% owned subsidiary of Triangle Petroleum RPES Revenue to TPC Corporation focused on providing…
  13. Corporate Presentation – Triangle Petroleum Corp – slide 13
    VERTICAL INTEGRATION TRIANGLE INFRASTRUCTURE VIA CALIBER MIDSTREAM STRATEGIC OBJECTIVE Get pipe into the ground and trucks off pads Be able to offer Triangle and other Bakken players gathering & processing capabilities at market or…
  14. Corporate Presentation – Triangle Petroleum Corp – slide 14
    FINANCIAL OVERVIEW
  15. Corporate Presentation – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION LIQUIDITY PROFILE Share Price (as of January 11, 2013) 6.23 Total Cash (period ended Q3 FY13) 45.0 90day % Change 15.2% Revolver Availability (as of October 14, 2012…
  16. Corporate Presentation – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW FY14 CAPITAL BUDGET BUDGET DETAIL Capital Expenses Capex Budget (mm) TUSA 2Rig Operated Drilling Program 128 TUSA NonOperated Drilling Program 27 TUSA Land Spend 6 Infrastructure 15 RockPile 5 Variance (5%) 9…
  17. Corporate Presentation – Triangle Petroleum Corp – slide 17
    FINANCIAL OVERVIEW 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…
  18. Corporate Presentation – Triangle Petroleum Corp – slide 18
    INVESTMENT HIGHLIGHTS
  19. Corporate Presentation – Triangle Petroleum Corp – slide 19
    INVESTMENT HIGHLIGHTS TRIANGLE PETROLEUM INVESTMENT HIGHLIGHTS Singlebasin strategy with a scalable position Balanced portfolio of lowrisk development opportunities and exploration upside Vertical integration facilitating…

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