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