BUSINESS OVERVIEW TRIANGLE PETROLEUM CORPORATION OVERVIEW TPC wholly owned E&P subsidiary Growth oriented E&P company focused on the Williston Basin 95,000 net acres, with current production rate of 5,650 Boepd and proved…
BUSINESS OVERVIEW KEY INVESTMENT HIGHLIGHTS SUBSTANTIAL Production and reserves have increased 257% and 1,043%,(1) respectively, in the last year GROWTH IN OPERATED 47% quarter over quarter increase production rate from Q1 2014 to…
BUSINESS OVERVIEW OIL-FOCUSED SINGLE BASIN OPERATOR KEY HIGHLIGHTS ASSET MAP Concentrated acreage in core area of Williston Basin 45,000 net acres in McKenzie and Williams Counties(1) Williston Basin in the early stages of 20+…
BUSINESS OVERVIEW SIGNIFICANT OPERATED PRODUCTION AND RESERVES GROWTH NET PRODUCTION VOLUMES (BOEPD)(2)(3) (4) 10,000 FY2014 Avg. Daily Production Guidance 10 4,750 5,350 Boepd Net Sales Volumes (Boepd) 8,000 8,000 (Previous…
TRANSACTION HIGHLIGHTS
TRANSACTION HIGHLIGHTS ACQUISITION OF PROPERTIES FROM THE AGGREGATE ACQUISITIONS KEY ACQUISITION HIGHLIGHTS PRO FORMA ASSET MAP Total consideration: 103.4 million cash + 582 non- op net acres traded + 325,000 shares 9,350 net…
TRANSACTION HIGHLIGHTS RECENT ANNOUNCEMENTS On August 6, 2013, Triangle announced several equity and debt financing deals Signed definitive agreement for two equity offerings to raise a total of approximately 190 million in gross…
OPERATIONAL OVERVIEW
OPERATIONAL OVERVIEW PRO FORMA TRIANGLE CORE AREA MCKENZIE AND WILLIAMS COUNTIES CURRENT DEVELOPMENT Currently operating 3 full-time drilling rigs LARSEN 21-16 Pad LARSEN 28-33 Pad Plug and perf completions (McKenzie 100%…
OPERATIONAL OVERVIEW INTEGRATED AND EFFICIENT DEVELOPMENT MODEL KEY HIGHLIGHTS Aimed to lower cost per barrel, reduce reliance on third-party service providers and relieve infrastructure constraints Triangle has deployed 60 million…
FINANCIAL OVERVIEW
FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION LIQUIDITY PROFILE(2) Share Price (as of August 9, 2013) 6.52 Pro Forma Total Cash (as of April 30, 2013) 134 90-day % Change 15.0% Revolver Availability (as of April 30, 2013) 104…
FINANCIAL OVERVIEW FY2014 CAPITAL BUDGET BUDGET DETAIL FY2014 Revised Budget (mm) Capital Expenses FY2014 Previous Capex Budget (mm) Low Case High Case TUSA Drilling Program(1)(2) 192 285 - 305 TUSA Land Spend 6 110 - 120…
FINANCIAL OVERVIEW HISTORICAL FINANCIALS AND OPERATIONAL UPDATE TUSA HISTORICAL REVENUE NET PRODUCTION VOLUMES (BOEPD)(1) 40 6,000 33.0 Net Production (Boepd) Revenue (mm) 30 4,500 4,100 20 30.0 10 16.8 21.1 3,000 7.5…
FINANCIAL OVERVIEW STAND ALONE BUSINESS SEGMENT FINANCIAL RESULTS AND GUIDANCE STAND ALONE VS. CONSOLIDATED REVENUE GROWTH 70.0 Triangle USA RockPile Stand Alone RockPile Consolidated Caliber 60.0 0.9 50.0 Revenue (mm)…
FINANCIAL OVERVIEW RISK MANAGEMENT KEY HIGHLIGHTS INCREASED HEDGED POSITION(1) 4,000 Triangle has improved its hedging program since 3,350 April to reduce commodity price risk Production (Boepd) 3,000 2,723 3,350 Boepd…
TRIANGLE PETROLEUM INVESTMENT HIGHLIGHTS Substantial Growth in Operated Production and Reserves Oil-Focused Williston Basin Operator Highly Experienced Operations Team Integrated and Efficient Development Model Strong…
APPENDIX a) RockPile Energy Services b) Caliber Midstream c) Montana Station Prospect d) Historical Financials e) Sum-of-the-parts Analysis f) Hedge Portfolio
APPENDIX ROCKPILE ENERGY SERVICES RockPile Energy Services, LLC is focused on providing Best in Class pressure pumping and ancillary services in the Williston Basin EXPANDING CAPACITY AND CAPABILITIES GROSS WELLS COMPLETED AND BACKLOG…
APPENDIX 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 MARKETS,…
APPENDIX MONTANA STATION PROSPECT DETAILS 50,000 net acres; 65% operated Potential Drilling Inventory: 360 operated locations KEY HIGHLIGHTS Industry activity continues in offsetting townships Ongoing exploration programs…
APPENDIX INCOME STATEMENT (US in thousands) FYE January 31, Three Months Ended April 30, 2013 2013 2012 2013 INCOME STATEMENT Revenue Oil and Natural Gas Sales 39,614 5,172 21,060 Pressure Pumping Services 20,747 - 13,120 Other…
APPENDIX 1Q FY2014 INTERSEGMENT TABLE (US in thousands) Corporate and Exploration and Pressure Pumping Eliminations and Other(1) Production Services Other Consolidated Total Revenues Oil and natural gas sales - 21,060 - - 21,060…
APPENDIX SUM-OF-THE-PARTS ANALYSIS TRIANGLE USA (E&P) ROCKPILE ENERGY SERVICES Q4 FY 2014 estimated exit rate : 7,000 Boepd Q4 FY 2014 estimated annualized EBITDA of 54 80,000 per flowing barrel1 = 560 million million4 Peer group…
APPENDIX ROCKPILE ENERGY SERVICES IMPLIED VALUATION EV/EBITDA MULTIPLE VALUATION Low Case Average Case High Case RockPile Energy Services Q4 FY 2014 estimated annualized Peer EV/EBITDA 4.0x 5.4x 6.6x EBITDA of approximately 54…
APPENDIX CALIBER MIDSTREAM IMPLIED VALUATION EV/EBITDA MULTIPLE VALUATION Low Case Average Case High Case Caliber Midstream Q4 FY 2014 estimated annualized Peer EV/EBITDA 9.2x 14.2x 19.8x EBITDA of 31 million1, or 9 million net to…
APPENDIX HEDGE PORTFOLIO Hedge Period Start Period End Volume (Bopd) Days Remain Total Volumes Floor Avg. Ceiling Calendar-month-average swap zero cost collar 1/1/2013 12/31/2013 500 141 182,500 85.00 104.30 Calendar-month-average swap…
USE OF SEGMENT INFORMATION AND NON-GAAP MEASURES 1) The Company often provides financial metrics for each of Triangles three segments of operation. Revenues for each segment are disclosed in notes to the financial statements contained…
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