AGENDA Triangle Highlights Geological Overview Operated Program RockPile Energy Services, LLC Financial Overview Key Investment Considerations
TRIANGLE HIGHLIGHTS
TRIANGLE HIGHLIGHTS TRIANGLE OVERVIEW Oil-focused Bakken player with 83,500 concentrated net acres, 52% operated Strong balance sheet with 94mm in cash and no debt 1-rig program is fully-funded through 2012, with plans to…
TRIANGLE HIGHLIGHTS TRIANGLE TEAM TITLE PERSONNEL PRIOR EXPERIENCE Dr. Peter Hill has been Director and Chief Executive Officer of Triangle since December 2009. Dr. Hill has over 39 years of experience in the international oil & gas…
TRIANGLE HIGHLIGHTS ACREAGE POSITION Triangle holds a balanced portfolio of 83,500 net acres in the core of the Bakken Continuous Oil Play Daniels Sheridan Divide Burke Station Prospect Roosevelt Williams Core Area 54,500…
GEOLOGICAL OVERVIEW
GEOLOGICAL OVERVIEW BAKKEN PETROLEUM SYSTEM United States Canada Southwest Mature Marginal Immature Northeast Bakken Kitchen Continuous, over-pressured oil field 100 Miles 9 Source: Continental Resources Inc.,…
OPERATED PROGRAM SIGNIFICANT INVENTORY OF DE-RISKED OPERATED LOCATIONS 160N 99W 160N 98W 160N 97W 160N 96W 160N 95W Approved as of 1/23/2012: 33N 57E 33N 58E 159N 103W 159N 102W 159N 101W 159N 100W 159N 99W 159N 98W…
OPERATED PROGRAM MULTI-WELL PAD DESIGN MAXIMIZES EFFICIENCIES 1 Increases oil recovery factor by increasing reservoir-stimulated rock volume 2 Condenses drilling, completion and production operations Drilling: Utilize rigs skid…
ROCKPILE ENERGY SERVICES, LLC
ROCKPILE ENERGY SERVICES, LLC SUMMARY OVERVIEW RockPile Energy Services, LLC (RockPile) is a majority-owned subsidiary of Triangle Petroleum Corporation (Triangle) focused on providing pressure pumping and ancillary services in the…
ROCKPILE ENERGY SERVICES, LLC KEY INVESTMENT CONSIDERATIONS RockPile will benefit from the currently severe supply / demand imbalance of pressure pumping services in the Williston Basin Recent rig count of 200 in the Basin implies…
FINANCIAL OVERVIEW
FINANCIAL OVERVIEW Current Position AS OF JANUARY 23, 2012 PRODUCTION PROFILE Current Capitalization 3,500 Share Price 7.21 3,000 Fully Diluted Shares Outstanding 43.3 Exit Rate Market Capitalization 312.1 2,500 2,600 3,200…
FINANCIAL OVERVIEW FY2013 Capital Budget BUDGET DETAIL Expected Expenses FY2013 Budget 1-Rig Operated Drilling Program 68 Non-Operated Drilling Program 30 Land Spend 10 Infrastructure 15 Cash G&A 8 Total Budget 131 BUDGET…
KEY INVESTMENT CONSIDERATIONS
KEY INVESTMENT CONSIDERATIONS TRIANGLE OVERVIEW Oil-focused Bakken player with 83,500 concentrated net acres, 52% operated Strong balance sheet with 94mm in cash and no debt 1-rig program is fully-funded through 2012, with…
APPENDIX
APPENDIX SELECTED NON-OPERATED WELL LIST Producing Well Name Operator Status Triangle WI (%) County Target Township Range Stewart 5200 12-29H Oasis Producing 31.41% McKenzie BKKN 152N 100W Federal 4-11H Kodiak Producing 26.25%…