Yangarra Resources Ltd. · TSX:YGR
Yangarra Resources — Investor Presentation (February 2011)
28 slides from Yangarra Resources's investor presentation, February 2011
Slide 1: Corporate Presentation
Corporate Presentation February 2011 TSX-V: YGR www.yangarra.ca
Slide 2: Forward Looking Information
Forward Looking Information Statements in this presentation may contain forward-looking information including expectations of future production and components of cash flow and earnings. Forward looking statements or information are based on current expectations, estimates and projections that involv
Slide 3: Introducing Yangarra
Introducing Yangarra Publicly listed junior oil and gas company TSX-V: YGR Shares Outstanding Basic 79.9 million Options/Warrants (Weighted avg. price $0.57) 17.1 million Fully Diluted 96.9 million Management and Director Ownership Basic 25% Fully Diluted 31% Market Capitalization (Based on $0.77 sh
Slide 4: Management and Directors
Management and Directors Directors Management/Officers • Gordon Bowerman – Lead • Jim Evaskevich – President & CEO Director 30 years extensive executive Founder of several successful experience with strong operations private and public oil and gas background companies • Dan Helman, P.Eng. - VP Explo
Slide 5: Company Highlights
Company Highlights Significant 2011 Capital program • $50 million drilling budget for 2011- 31 gross (13.7 net) wells Expanding Drilling Inventory • Total of 103 gross (45 net) drilling locations Significant Override in place • 15% gross S/S override on 11 sections of existing Glauconite and Cardium
Slide 6: Company History
Company History Date Event Dec 31, 2009 Completed corporate restructure Mar 1, 2010 Purchased 15% gross S/S override on 11 sections Mar 10, 2010 $6 million equity raise ($0.375) Mar 17, 2010 Drilled initial Yangarra Glauconite well May 26, 2010 $2.1 million flow-through raise ($0.55) Jun 28, 2010 $1
Slide 7: Key Corporate Strategies
Key Corporate Strategies • Lower operating costs through operational presence and cost efficiencies • Maintain control over infrastructure • Maximize netbacks with liquids rich targets • Maintain flexibility in implementation of new technology • Continue to grow drilling inventory through drilling,
Slide 8: Pictures
Pictures Testing 13-2-41-7W5 Testing Yangarra’s first horizontal Glauconite well 6-3-41-7W5 Yangarra – January 2011 8
Slide 9: Core Areas (Alberta, Canada)
Core Areas (Alberta, Canada) Willesden Green / Ferrier • Interest in 35+ Sections of land • 15,000+ acres • Multi-zone potential • 10 horizontal wells drilled • Focus area for 2011 capital budget Jaslan Medicine Hat Edmonton • Interest in 123 sections of land Willesden Green/Ferrier • 40+ producing
Slide 10: Willesden Green/Ferrier – Multi Zone Potential
Willesden Green/Ferrier – Multi Zone Potential Cardium 5m thick Second White Specks Colorado Group 30m thick 650m thick Viking 5m thick Glauconitic 20m thick Ellerslie 10m thick Rock Creek 15m thick Yangarra – January 2011 10
Slide 11: Fracturing Technology
Fracturing Technology Rock Seal Ball Port Yangarra – January 2011 11
Slide 12: Impact of Liquids-Rich Gas
Impact of Liquids-Rich Gas $10.00 $8.98/mcf Condensate Value $9.00 Butane Value $8.00 $1.62 Propane Value $7.00 Heating Value Adjust $1.60 Dry Gas $6.00 $/mcf $5.00 $1.12 $0.64 $4.00 $3.80/GJ $3.00 $2.00 $1.00 $0.00 Glauconite January 1, 2011 pricing on liquids Yangarra – January 2011 12
Slide 13: 2010 Drilling Summary
2010 Drilling Summary • Drilled six locations in 2010 • Four wells on production at year-end • Averaged over 975 bbl/d for December 2010 • 180% increase from 2009 Location HZ Length Fracturing Working Interest IP Length Production Program (w.i.) 06-03-41-7W5 Glauconite 710 m 8 stages 100% w.i. IP 30
Slide 14: Future Location Inventory
Future Location Inventory Total of 103 gross (45 net) wells • Significant increase in locations from 2010 • Potential locations in multiple separate zones • Drilling test wells in several other prospective tight sandstone reservoirs in 2011 on the existing land base in Willesden Green/Ferrier • Comp
Slide 15: 2011 Budget Highlights
2011 Budget Highlights $50 million capital budget for 2011 • 21 gross (11.1 net) operated wells • 10 gross (2.6 net) non-operated wells • $26 million spent in 2010 (92% increase in 2011) • Capital allocated for infrastructure and land/asset purchases • Drilling in several different zones at Willesde
Slide 16: Glauconite - Willesden Green/Ferrier
Glauconite - Willesden Green/Ferrier R8 R7 R6 R5W5 VF U G Hoadley Glauconite Barrier F F F F E F E F G F FU F VV VVA UF I F V F G G G F UA F C FA G UC F F F G F E U C FV U F G F G F F FF FF GE U FC J F FU K E G E G G I E G F A EC F E F F V G GG F V F V F F F G F FF A F F F F J G E FA L G C F JC G K
Slide 17: Glauconite - Willesden Green/Ferrier
Glauconite - Willesden Green/Ferrier R8 R7 R6W5 UC E F F F G F F U VUV F G F C 27 26 25 30 29 28 I E 27 26 25 30 29 G 28 27 F 26 J Yangarra Land F UC F U G E G G F A C E F G E F F V U F K E J G E F C F J C K G Hoadley F G U UU F F U 23 F A 22 23 24 19 20 21 22 23 24 19 20 21 22 U G F I AC Glauconite
Slide 18: Glauconite – Generic Type Curves & Economics
Glauconite – Generic Type Curves & Economics Note: Taken from Bonavista Energy Trust’s corporate presentation Yangarra – January 2011 18
Slide 19: Cardium - Willesden Green/Ferrier
Cardium - Willesden Green/Ferrier R10 R9 R8 R7 R6 R5 R4W5 E E E I E JE E E • 29 locations (12.6 net) T43 1 36 6 E 31 E E V E E CE E EU IE1 E E E E EEBellatrix A V E EE J EE E EVV E EEE E 36 6 IIE E13-19 LE E412107 IP38 E I EE 31 EEBOPD BOPD E E E EE E I I E 1 E I E 36 I IJ 6 I 31 J I J E J J E E EEI
Slide 20: Cardium – Generic Type Curves & Economics
Cardium – Generic Type Curves & Economics Note: Taken from Bonavista Energy Trust’s corporate presentation Yangarra – January 2011 20
Slide 21: Summary
Summary • Multi zone potential in the Willesden Green/Ferrier area • Significant 2011 Capital program • Expanding Drilling Inventory • Significant Override in place • Advancements in Technology • High Netbacks due to liquids-rich gas Yangarra - September 2010 21
Slide 22: Appendix
yangarraPresources Itd. Appendix
Slide 23: Glauconite Well Analogy
Glauconite Well Analogy 00/06-02-041-07W5/0 00/12-26-041-05W5/0 KB: 1032.5 m RR: 1980-01-27 KB: 987.3 m RR: 1979-09-15 ProdForm: FormTD: PEKISKO ProdForm: COLRAD,CARDSD FormTD: BANFF Mode: Abnd Fluid: N/A Mode: Pump Fluid: Gas POCO ET AL WILLGR 6-2-41-7 AMOCO WILLGR 12-26-41-5 20665.0m to next well
Slide 24: Cardium Well Analogy
Cardium Well Analogy 00/13-20-041-07W5/2 00/12-29-047-02W5/0 KB: 972.5 m RR: 2006-06-17 KB: 912.6 m RR: 2000-08-18 ProdForm: CARDSD FormTD: NORD ProdForm: FormTD: ELLERSL Mode: Pump Fluid: Oil Mode: Abd & Re Fluid: N/A BIRCHILL WILLGR 13-20-41-7 EXORO ENERGY PEMBINA 12-29-47-2 76653.4m to next well
Slide 25: Cardium Well Analogy – Section 36-37-8W5
Cardium Well Analogy – Section 36-37-8W5 00/10-36-037-08W5/0 00/16-35-037-07W5/0 KB: 1070.7 m RR: 1980-09-25 KB: 1027.0 m RR: 2006-01-11 TD: 2358.0 m [TVD] FormTD: CARD UPPER TD: 2255.0 m [TVD] FormTD: BLACKSTN Mode: Flow Fluid: Oil Mode: Pump Fluid: Oil GRIFFON FERRIER 10-36-37-8 CREW FERRIER 16-35
Slide 26: Medicine Hat
Medicine Hat • 90 sections: − 100% working interest • 4.0 mmcf/d plant: − 100% ownership • Current production: − 800 mcf/d from vertical wells Yangarra Land Yangarra Wells Yangarra – January 2011 26
Slide 27: Jaslan
Jaslan • Six sections − 37.5% working interest − Five wells drilled at 37.5% • 15 sections − 100% working interest − Five wells drilled at 100% • 2.9 Mmcf/d compressor station − 45% ownership • 100% gas production • Three Wabamun pools to develop • Mannville secondary targets present • 1.5 Mmcf/d cu
Slide 28: Contact Information
Contact Information Yangarra Resources Ltd. 1530, 715 – 5 Ave. SW Calgary, Alberta T2P 2X6 403-262-9558 Yangarra January 2011 28
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