Eagle Energy Inc. Investor Fact Sheet TSX: EGL
Transcription
Eagle Energy Inc. Investor Fact Sheet TSX: EGL
Eagle Energy Inc. Investor Fact Sheet TSX: EGL | April 2016 2016 Guidance(1) Capital Budget $5.0 MM Working Interest Production 3,200 to 3,600 boe/d Operating Costs per month $2.2 to $2.6 MM Notes: (1) See Eagle’s News Release dated March 17, 2016, “Eagle Energy Inc. Announces 2015 Annual Results and Reserves Information and Confirms March 2016 Dividend,” for assumptions, risk factors and cautions that pertain to Eagle’s 2016 guidance and other forward-looking information in this fact sheet. About Eagle Eagle is an oil and gas energy corporation created to provide investors with a sustainable business while delivering stable production and overall growth through accretive investments and acquisitions. Eagle’s shares are traded on the Toronto Stock Exchange under the symbol “EGL.” Eagle’s strategy is to acquire and exploit conventional long-life hydrocarbon reserves in certain established production basins in North America. Eagle owns stable, oil producing properties with development and exploitation potential in Canada and the United States. On January 27, 2016, Eagle acquired Maple Leaf Royalties Corp. (“Maple Leaf”) by way of plan of arrangement (the “Arrangement”) and converted into a corporation called “Eagle Energy Inc.” For more information, see Eagle’s news release’s issued on November 20, 2015, and January 27, 2016. Eagle combines innovation, expertise and opportunity to create wealth for investors EXPERTISE Eagle targets petroleum assets that have attractive metrics for: Post acquisition growth, followed by long term stability Strong returns on capital Sustainable cash flows to underpin dividends Our Properties Q3 2015 Field Netback ($/BOE) (Junior & Intermediate Comparison) $36.42 Raging River Exploration RMP Energy Bonterra Energy Whitecap Resources Crescent Point Energy Lightstream Resources TORC O&G Inc. Eagle Energy Trust Northern Blizzard Seven Generations Peyto Exploration ARC Resources Baytex Energy Birchcliff Energy Trilogy Energy Surge Energy Tourmaline Oil Corp Paramount Resources NuVista Energy Advantage Oil and Gas Pengrowth Enegy Twin Butte Energy Kelt Exploration Bellatrix Exploration Long Run Exploration Bonavista Energy Penn West Exploration Crew Energy Enerplus Corp Pine Cliff Energy Perpetual Energy Painted Pony Petroleum $29.77 $28.06 $24.15 $23.55 $22.14 $21.71 $20.96 $17.68 $16.45 $16.14 $16.10 $15.57 $15.50 $15.20 $15.08 $15.05 $13.57 $13.35 $13.32 $13.10 $12.99 $11.98 $11.72 $11.30 $11.00 $10.89 $9.84 $9.31 $7.92 $7.10 $5.95 $- $5.00 $10.00 $15.00 $20.00 Eagle owns stable, oil producing properties with development and exploitation potential located in Canada (Alberta) and in the US (Texas and Oklahoma). Twining Field Properties, AB: - Located in the Pekisko oil pool formation in the Twining field in East-Central Alberta - 57 gross (33 net) producing oil wells - Approximately 41,500 gross (32,650 net) acres Dixonville Properties, AB: - Non-operated - Located 50 kms northwest of Peace River - 78 gross (39 net) producing oil wells - 81 gross (41 net) water injectors - 19,520 gross (7,900 net) acres Salt Flat Properties, TX: - Located in the Salt Flat field in Caldwell County, TX - 54 gross (41 net) producing oil wells - 3,200 (2,600 net) acres $25.00 $30.00 $35.00 $40.00 Source: Company reports; Acumen Capital Partners. - Field netback is a non-IFRS measure, calculated by subtracting royalties, operating costs and transportation from revenue. - Based on the three months ended September 30, 2015. Natural gas converted at 6:1. Hardeman Properties, TX & OK: - Located in the Hardeman Basin in Hardeman County, TX, and Greer, Harmon and Jackson Counties, OK - 44 gross (34 net) producing oil wells - 24 gross (20 net) non-producing wells - 28,000 acres (18,000 “HBP” plus 10,000 undeveloped) Eagle Energy Inc. Investor Fact Sheet April 2016 [email protected] Management Team________ Richard W. Clark President, Chief Executive Officer and Director J. Wayne Wisniewski Chief Operating Officer Kelly A. Tomyn Chief Financial Officer QUALITY Eagle owns and operates in petroleum producing areas in Canada and the U.S. with stable production Eagle seeks to acquire and develop assets with sustainable cash flows and low risk unexploited potential. Eagle manages its capital spending and dividends to deliver moderate but sustainable growth. Production History & Forecast (boe/d) Eric C. McFadden Vice President, Capital Markets & Business Development M. Scott Lovett Vice President, Corporate & Business Development Jo-Anne M. Bund General Counsel/Corporate Secretary Directors________________ David M. Fitzpatrick President and Chief Executive Officer Veresen Midstream Bruce K. Gibson Former Vice President and Chief Financial Officer Shiningbank Energy Income Fund Warren D. Steckley Former President, Chief Operating Officer and Director Barnwell of Canada Limited Richard W. Clark President, CEO and Director Eagle Energy Inc. Notes: - Q4/14 production is after the Permian asset disposition and before the Dixonville asset acquisition. - 2016 guidance on the chart is the mid-point of the full year 2016 working interest production guidance range and includes working interest production from the acquisition of Maple Leaf (but excludes royalty interest production). INCOME Eagle’s assets have attractive metrics for sustainable cash flows that underpin dividends Eagle strives to deliver sustainable monthly dividends to its shareholders. Eagle’s current dividend is $0.01 per share per month ($0.12 annualized). Analysts________________ Acumen Capital Partners Paradigm Capital Scotiabank Global TSX: EGL Calgary Office Houston Office Eagle Energy Inc. Eagle Hydrocarbons Inc. Suite 2710, 500 - 4th Avenue SW Suite 3005, 333 Clay Street Calgary, Alberta T2P 2V6 Houston, Texas 77002