Corporate Fact Sheet September 2015

Transcription

Corporate Fact Sheet September 2015
Eagle Energy Trust Investor Fact Sheet
EGL.UN
| September 2015
Production Guidance - Full Year 2015
3,150 to 3,350 boe/d
(Updated guidance issued on August 20, 2015, giving affect to the Twining Field
acquisition)
Production Forecast
94% oil, 2% NGLs, 4% gas
Monthly Distribution
$0.03 per unit
Units Outstanding
34.9 million
Market Cap
$65 million
About Eagle
Eagle is an oil and gas energy trust created to provide investors with a sustainable business while delivering stable production and overall growth
through accretive investments and acquisitions. Eagle’s units are traded on the Toronto Stock Exchange under the symbol EGL.UN.
Investors receive a portion of Eagle’s available cash on a monthly basis to provide attractive income.
Eagle’s strategy is to acquire and exploit conventional long-life hydrocarbon reserves in certain established production basins in North America.
Eagle owns stable, oil producing properties with development and exploitation potential in Canada and the United States.
EXPERTISE
Eagle combines innovation, expertise and opportunity to create
wealth for investors
Eagle targets petroleum assets that have attractive metrics for:

Post acquisition growth, followed by long term stability

Strong returns on capital

Sustainable cash flows to underpin distributions
Q1 2015 Cash Flow Netback ($/BOE) (Junior Comparison)
· On August 20, 2015, Eagle announced the
closing of a $30 million acquisition of a private oil and
gas company with petroleum assets in the Twining
Field in Alberta. The property is located in one of the
largest Pekisko oil pools in the Western Canadian
Sedimentary Basin.
· As a result of the transaction, Eagle will
gain production of approx. 750 boe/d from
92 gross (48 net) wells;
· With a portfolio of over 30 drilling locations,
it is anticipated to extend Eagle’s current
corporate production rate of 3,750 for over
five years.
· Eagle holds a 50% non-operated working interest in
a horizontal oil waterflood in the Montney “C”
Formation in Dixonville, Alberta.
· Premier waterflood in Western Canada
with low decline and low maintenance
capital;
· 190 horizontal wells (110 producers, 80
injectors).
· Eagle’s Salt Flat and Hardeman properties are
located in Texas and Oklahoma.
· Eagle is currently redeveloping the pool at Salt
Flat using horizontal well drilling technology.
· Over 55 horizontal wells drilled to date;
· Completed numerous successful
production and operating cost reduction
projects.
· Eagle’s Hardeman property has ~50 producing wells
plus gathering systems and associated assets.
Source: Company Reports; Bryan Mills Iradesso
-The chart demonstrates the amount of cash each company brings on average for each barrel of oil equivalent it produces.
- In addition to commodity mix, cash flow netbacks are influenced by spot or hedged prices, cash taxes, royalties and associated expenses.
- Cash flow is the result of adding back non-cash expenses such as depreciation and future taxes to net earnings.
- Based on the three months ended March 31, 2015.
· Eagle plans to drill low risk development
wells and deploy capital to reduce operating
costs, while processing newly acquired seismic
data to define future drilling opportunities.
Eagle Energy Trust
Investor Fact Sheet
September 2015
[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 predictable cash flows and low risk unexploited
potential. Eagle manages its capital spending and distributions 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
Former Founder, President, and
Chief Executive Officer
Shiningbank Energy Income Fund
Bruce K. Gibson
Former Vice President and Chief
Financial Officer
Shiningbank Energy Income Fund
Notes:
Q4/14 production is after Permian asset disposition and before Dixonville asset acquisition.
Guidance is mid-point for full year 2015, including the Twining Field acquisition which closed August 20, 2015.
Eagle strives to deliver predictable monthly distributions to
Joseph W. Blandford
Former Chairman and Chief
Executive Officer
Atlantia Offshore Limited
Warren D. Steckley
Former President, Chief Operating
Officer and Director
Barnwell of Canada Limited
Richard W. Clark
President, CEO and Director
Eagle Energy Trust
Analysts________________
Acumen Capital Partners
Paradigm Capital
Scotiabank Global
TSX: EGL.UN
INCOME
valued unitholders
Eagle pays out a portion of its available cash to unitholders on a monthly basis to provide attractive
income for investors. Eagle’s assets have attractive metrics for sustainable cash flows that underpin
distributions.
Eagle currently pays a monthly distribution of $0.03 per unit per month ($0.36 annualized).
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
Phone:
(403) 531-1575
Phone:
(713) 300-3245
Toll Free:
(855) 531-1575
Fax:
(713) 300-3240