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CORPORATE PRESENTAITON – Triangle Petroleum Corp

Triangle Petroleum Corp · May 1, 2013 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION May 2013
  2. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Triangle Highlights 4 Operated Program 8 Vertical Integration 12 Financial Overview 15 Investment Highlights 19 Appendix 21
  3. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 3
    TRIANGLE HIGHLIGHTS
  4. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 4
    TRIANGLE HIGHLIGHTS TRIANGLE PETROLEUM CORPORATION 86,000 net acres, 60% operated PURE-PLAY WILLISTON BASIN Single basin strategy OPERATOR 14,637 Mboe (85% oil; 15% gas)1 224.9 million proved PV-10 value1 Core strategy to…
  5. CORPORATE PRESENTAITON – 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% 65% BAKKEN…
  6. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 6
    TRIANGLE HIGHLIGHTS PRODUCTION AND RESERVE HIGHLIGHTS NET PRODUCTION VOLUMES (BOEPD)1 6,000 FY2014 Avg. Daily Production 4,950 5,000 Second operated rig arrives Completed first operated well 3,600 4,000 Boepd 4,000 RockPile…
  7. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 7
    OPERATED PROGRAM
  8. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 8
    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 3 drilling rigs 54 permits approved or…
  9. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 9
    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 18 permits approved or submitted Average Williams…
  10. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 10
    OPERATED PROGRAM MONTANA STATION PROSPECT DETAILS 50,000 net acres; 65% operated Potential Drilling Inventory: 360 operated locations KEY HIGHLIGHTS Industry activity continues to escalate in offsetting townships…
  11. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 11
    VERTICAL INTEGRATION
  12. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 12
    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…
  13. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 13
    VERTICAL INTEGRATION CALIBER MIDSTREAM Caliber Midstream Partners, LP is focused on providing gathering, transportation and processing in the Williston Basin MULTIPLE OPTIONS FOR OIL, INCLUDING PIPE AND RAIL GAS GOES TO MIDWEST…
  14. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 14
    FINANCIAL OVERVIEW
  15. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION LIQUIDITY PROFILE Share Price (as of April 29, 2013) 5.53 Total Cash (as of April 11, 2013) 65 90-day % Change -11.2% Revolver Availability (as of April 11, 2013) 60 Shares…
  16. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW FY14 CAPITAL BUDGET BUDGET DETAIL Capital Expenses FY2013 Capex Budget (mm) TUSA 3-Rig Operated Drilling Program 165 TUSA Non-Operated Drilling Program 27 TUSA Land Spend 6 Infrastructure 15 RockPile 20 Variance…
  17. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 17
    FINANCIAL OVERVIEW FINANCIAL 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. Daily…
  18. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 18
    INVESTMENT HIGHLIGHTS
  19. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 19
    INVESTMENT HIGHLIGHTS TRIANGLE PETROLEUM INVESTMENT HIGHLIGHTS Single-basin strategy with a scalable position Balanced portfolio of low-risk development opportunities and exploration upside Vertical integration facilitating…
  20. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 20
    APPENDIX
  21. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 21
    APPENDIX SUM-OF-THE-PARTS ANALYSIS TRIANGLE USA (E&P) ROCKPILE ENERGY SERVICES Q4 FY 2014 Estimated Production: 4,800 Boepd Q4 FY 2014 annualized EBITDA of 54 million5 80,000 per flowing barrel1 = 380 million Peer group EV/EBITDA…
  22. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 22
    APPENDIX ROCKPILE ENERGY SERVICES IMPLIED VALUATION EV/EBITDA MULTIPLE VALUATION Low Case Average Case High Case RockPile Energy Services Q4 FY 2014 annualized EBITDA of Peer EV/EBITDA 4.0x 4.9x 6.6x approximately 54 million1 RPES…
  23. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 23
    APPENDIX CALIBER MIDSTREAM IMPLIED VALUATION EV/EBITDA MULTIPLE VALUATION Low Case Average Case High Case Caliber Midstream Q4 FY 2014 annualized EBITDA of 31 Peer EV/EBITDA 9.1x 13.3x 20.8x million1, or 9 million net to Triangles…
  24. CORPORATE PRESENTAITON – Triangle Petroleum Corp – slide 24
    APPENDIX RISK MANAGEMENT TRIANGLE STANDARD HEDGING PROGRAM Hedge Period Volume (Bopd) Days Remain Total Volumes Floor Avg. Ceiling Calendar-month-average swap zero cost collar Cal 13 500 260 130,000 85.00 104.30…

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