Strategic Oil & Gas Ltd · OTC:SOGFF
Strategic Oil & Gas — Investor Presentation (June 2014)
23 slides from Strategic Oil & Gas's investor presentation, June 2014
Slide 1: Building a Premier Northern Operator
en route Building a Premier Northern Operator Corporate Presentation June 2014
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation contains a summary of Management’s assessment of results and should be read in conjunction with the Annual Information Form and the Consolidated Financial Statements and Management’s Discussion and Analysis as filed on SEDAR. This presentation contains certain forw
Slide 3: Corporate Profile (SOG.V)
Corporate Profile (SOG.V) Shares outstanding (million)1 361 Current Production (BOED) 2 3,800 Share Price, Jun 13, 2014 0.45 2013 Reserves (2P) 3 mmboe 12.7 Market Capitalization ($million) $162 Bank Line ($million) $100 Enterprise value($million) $234 Net Debt Mar 31, 2014 ($million) $72 BISTCHO PL
Slide 4: Northern Asset Base
Northern Asset Base MAXHAMISH (BC) CAMERON HILLS(NWT) non-operated 26,500 net acres operated 5oo MMbbls of 42 API Oil 74,058 net acres Sulphur Point Oil British Columbia Alberta BISTCHO(AB) operated 48,783 net acres Slave Point Light Oil MARLOWE Key focus area operated 384,924 net acres 70% of SOG p
Slide 5: Production Growth 2014
Production Growth 2o14 2o13 Current Production Build Infrastructure 3,8oo 2o12 Discover Muskeg Stack Oil 3,2oo Develop Muskeg Stack Repeatable 2,1oo Upgrade Oil Capacity Reliable 2o11 Pipeline Connect Predictable Acquire Infrastructure First Oil Well in Keg River Land, Roads Delineate Muskeg fairway
Slide 6: Infrastructure – Owned & Operated
Infrastructure – Owned & Operated E-73 Camp – 20 Rooms 06-32 Camp – 30 Rooms H-03 Multi-Well Battery 06-32 Plant Product Capacity/Day Product Capacity/Day Oil 1,250 bbls Oil 2,000 bbls Water 1,250 bbls Water 1,900 bbls Gas 50 mmcf 13-10 Bullet Site - 3,100 bbls 01-28 Plant Camp – 50 Rooms Product Ca
Slide 7: Operating Leverage: Annualized Cash Flow
Operating Leverage $60.00 $60 $50.00 Annualized CF $50 Annualized Cash Flow( $ million) Operating Netback $40.00 $40 $/boe $30.00 $30 $20.00 $20 $10.00 $10 $0.00 $0 3,000 3,500 4,000 4,500 5,000 Production Level1 1) Non-Steen Production is approximately 1200 BOED 2) Pricing Assumptions - $95/bbl WTI
Slide 8: Steen River Astrobleme
Steen River Astrobleme Large structural trap created by the impact of an Asteroid ~100 MM years ago and is charged with light oil and gas in 6 horizons. 2002 1986 1999 1999 15 miles 2001 2001 2001 Gas (1999 -2013) Oil (1986 -2013+) Production: 50 Bcf Production: 5 MM BBl Peak: 47 MMcfd (2001) 2013+:
Slide 9: Steen River - Stacked Oil Production
Steen River - Stacked Oil Production Upper Slave Point Lower Slave Point Sulphur Point Muskeg Stack Zama Keg River Platform OOIP(1)/Section Depth (m) Zone Resource (MMBBL) 750 Slave Point 100+ sections 12 800 Sulphur Point 100+ sections 5 875 Muskeg Stack 100+ sections 8 950 Zama Currently being map
Slide 10: Keg River
Keg River 12 MMbbl OOIP(1) 2013 3D Seismic Area 0.5 MMbbl produced ? 16 MMbbl OOIP(1) 1 MMbbl produced ? ? 10 MMbbl OOIP(1) ? 2.5 MMbbl produced DCET $MM $1.65 Reserves (MBOE) 265 % Oil 95% IP30 (BOED) 200 Year 1 Decline 33% F&D $/boe $6.25 PV 10 ($MM)* $5.6 Keg River ROR (%)* >200% Payout (Years) 0
Slide 11: Muskeg Stack Development
Muskeg Stack Development Muskeg Stack 11
Slide 12: Muskeg Stack Economics
Muskeg Stack Economics Type Curve 800 Type Curve DCET $MM $4.5 700 Latest Muskeg Stack Well - 10-24 Lateral Length (m) 1,200-1,500 600 Production Rate (BOED) Stages 12-15 500 IP30 (BOED) 250 400 %Oil 80% 300 Year 1 Decline 66% 200 Reserves (MBOE) 300 100 F&D ($/boe) $15 0 PV10 ($MM)1 $4.0 0 30 60 90
Slide 13: Why Invest In Strategic?
Why Invest In Strategic? Mapped over 1 Billion bbls of light OOIP in extensive & contiguous land base Infrastructure Projects completed: Processing capacity now at 10,000 BOED 100% owned & operated infrastructure with replacement value over $600 million No More Trucking : Asset is now Pipeli
Slide 14: Corporate Information
Corporate Information MANAGEMENT TEAM RESERVE ENGINEERS McDaniel & Associates Consultants Ltd. Gurpreet Sawhney, MSc, MBA, PEng President & CEO AUDITORS Deloitte LLP Cody Smith COO LEGAL Norton Rose Fulbright Canada LLP Aaron Thompson, CA CFO BANKING National Bank of Canada Sean Hayes, PhD, PGeol EV
Slide 15: Appendix: Steen River - Year Round Development
Appendix Steen River- Year Round Development August 2, 2013 15
Slide 16: Asset Base – Building a Premier Northern Operator
Asset Base – Building a Premier Northern Operator Marlowe Asset Measurement Value (MM) Production 1,970 boed $118 2P Oil Reserves 5,486 Mboe $132 2P Gas Reserves 1,980.7 Mboe $29 Net Undeveloped Land 333,600 acres $75 Major Facilities 2 Gas Plants $80 Pipelines Roads 498 km ~ 50 km $298 $17 $1.0B in
Slide 17: Muskeg Stack Core
Muskeg Stack Core Muskeg Stack Muskeg Stack Core Permeability: 5mD Porosity: 8% Phi Gross: 20 meters 17
Slide 18: Maxhamish - NE British Columbia
Maxhamish- NE British Columbia Reserves and Upside Potential 100 sections (38.16% WI in 27,846 ha) Non-Operated OOIP > 500 MMbbls; 42ᵒ API oil Areal extensive sand with well control from 140+ wells, 25+ cores Depth: 1670m, Thickness: 4m Porosity: 16%; Perm: 4 md Four multi-stage fractu
Slide 19: Maxhamish - Vertical Well Performance
Maxhamish - Vertical Well Performance Vertical well 11 year production IP30: 60 BOPD Cum to Date: 56,000 BOE Months 19
Slide 20: Maxhamish - Horizontal Well Performance
Maxhamish - Horizontal Well Performance Horizontal well 2.5 years on prod IP30: 60 BOPD Cum to Date: 46,000 BOE Months 20
Slide 21: Cameron Hills, NWT, Canada
Cameron Hills, NWT, Canada Well K74 C19 Well Production: 1.5 mm bbl; 4.4 bcf gas 14 metres Gross Pay C19 flowed/swabbed after perf’s & acid 115 bopd C19 Well K74 Well K74 Well 29 m. Gross Pay Sulphur Point Formation Development Drilling Scenario 21
Slide 22: Bistcho
Bistcho 10-9 10 -9 Slave Point and Sulphur Pt Gas Production Significant Slave Point oil recompletion program 22
Slide 23: Steen River is Pipeline Connected
Steen River is Pipeline Connected 03/29/2014
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