Uriel Gas Holdings Corp. · CSE:UGH
Uriel Gas — Investor Presentation (March 2023)
32 slides from Uriel Gas's investor presentation, March 2023
Slide 1: Corporate Presentation March 2023
URIELGAS.COM CORPORATE PRESENTATION MARCH 2023 1
Slide 2: Forward Looking Statements and Disclaimer
FORWARD LOOKING URIELGAS.COM STATEMENTS AND DISCLAIMER This presentation contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of histo
Slide 3: Forward Looking Statements and Disclaimer
FORWARD LOOKING URIELGAS.COM STATEMENTS AND DISCLAIMER Certain statements contained in this presentation constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to the Company’s future outlook and anticipated events or results and may incl
Slide 4: Company Overview
COMPANY OVERVIEW URIELGAS.COM EXPLOITING UNDER-DEVELOPED CONVENTIONAL OIL & GAS POOLS • Incorporating Resource Assessment Richdale Methodology to Determine 5,120 ACRES Remaining Potential of Legacy Pools High Hydrocarbon resource storage capacity (net pay/area/etc) is a key consideration Greater Gra
Slide 5: Uriel: A Unique Opportunity
URIEL : A UNIQUE OPPORTUNITY URIELGAS.COM ESTABLISHED ACCRETIVE FINANCIAL HELIUM INFRA- GROWTH FLEXIBILITY EXPOSURE STRUCTURE • Low capital cost • Cash flowing assets • Unique opportunity to • Development areas offer programs to expand support continued benefit from oil, natural established infrastr
Slide 6: Top Tier Management Team
TOP TIER MANAGEMENT TEAM URIELGAS.COM 180 YEARS OF COMBINED PRODUCTION Established History of Starting, Building & International Experience, with Knowledge/Expertise Track Record of Providing Strong Returns to Company EXPERIENCE Monetizing Companies, in Numerous Basins Stakeholders & Continually Inc
Slide 7: Management Team
MANAGEMENT TEAM URIELGAS.COM GREG KAISER / CEO & DIRECTOR JOANNE DORVAL-DRONYK / CFO Mr. Kaiser is a geologist with over 35 years of experience in Western Canada Ms. Dorval-Dronyk is a CPA, CGA with over 35 years of experience working and Internationally. He has drilled hundreds of wells (vertical a
Slide 8: Management Team
MANAGEMENT TEAM URIELGAS.COM JEFF VINCETT / JEFF DYCK / BEN ELGERT / VP OPERATIONS CORPORATE ENGINEERING ADVISOR Mr. Vincett has over 35 years of experience in SECRETARY Mr. Elgert graduated with a Bachelor of Science in the oil and gas industry, most recently as VP Mechanical Engineering from the U
Slide 9: Board of Directors
BOARD OF DIRECTORS URIELGAS.COM ROGER TANG / DIRECTOR RICHARD THOMPSON / DIRECTOR Mr. Tang was a Co-Founder, Director, President, and Chief Executive Mr. Thompson is a graduate in Honors Geophysics from the University of Officer of Deltastream Energy Corporation, a private-equity backed Manitoba and
Slide 10: ESG Commitments
ESG COMMITMENTS URIELGAS.COM Uriel operates under the highest of ESG standards Environment Social Governance • No reportable spills, releases or incidents • Emergency Response Plan in place at • Transfer & registration of all acquired Richdale pressure vessels with the Alberta Boiler • Onboard with
Slide 11: Richdale Overview
RICHDALE OVERVIEW URIELGAS.COM Acquisition closed July 14, 2022 • Conventional light sweet oil pool with >18 mmbbls Original Oil In Place1 and ~6.5% estimated recovery to date • Pool has very thick oil pay column and only produced from vertical or directional vertical wells • Strong candidate for fu
Slide 12: Pool Outline & Type Log
POOL OUTLINE & TYPE LOG URIELGAS.COM Geological characteristics + 36 API oil offer compelling development potential • Targeted Banff Formation features relatively shallow depth Type log demonstrates thick oil pay column • Expected to result in lower costs & attractive economics • Tight Carbonate ra
Slide 13: Reserve & NPV Highlights
RESERVE & NPV HIGHLIGHTS1 URIELGAS.COM Disconnect between underlying reserve value of Richdale & current market cap offers unique opportunity PROVED DEVELOPED TOTAL PROVED (TP) TOTAL PROVED + PRODUCING (PDP) PROBABLE (P+P) 186 MBOE Reserves (100% oil) 553 MBOE Reserves (100% oil) 752 MBOE Reserves (
Slide 14: Richdale 8-5 Full Service Multi-Well Proration Oil Battery
URIELGAS.COM RICHDALE 8-5 FULL SERVICE MULTI- WELL PRORATION OIL BATTERY Consisting of an inlet header, vertical group inlet separator, horizontal treater, vertical test separator package, water disposal pump package, sales oil trucking terminal and sales gas compression Proven throughput capabilili
Slide 15: Richdale Seismic Purchase
RICHDALE SEISMIC PURCHASE URIELGAS.COM Richdale’s attractive geological features offer compelling development potential • Targeted Banff Formation features relatively shallow depth, expected to result in lower costs & attractive economics • Tight Carbonate ramp facies • ~6% estimated pool recovery •
Slide 16: Richdale Summary
RICHDALE SUMMARY URIELGAS.COM QUALITY RESERVOIR STABLE CASH FLOW COST CONTROLS Conventional sweet oil pool with Generates base cash flow to sustain Shallow reservoir depth of <4,000 significant hydrocarbon storage Uriel operations with significant feet enables Uriel to control the capacity & low rec
Slide 17: Greater Grande Prairie (GGP) Overview
GREATER GRANDE PRAIRIE URIELGAS.COM (GGP) OVERVIEW Lands acquired at GGP • 3,840 gross acres acquired in UGH’s 2nd focus area, where Helium tested throughout the gas field at 0.5 - 1.0% • Situated in a region of significant Mississippian and Devonian Helium tests, some as high as 8% • ~3,000 km of s
Slide 18: GGP Banff Time Structure
GGP BANFF TIME STRUCTURE URIELGAS.COM BANFF TIME STRUCTURE (2D ONLY) DEMONSTRATES RIDGE HELIUM PROSPECTIVITY GAS POOL • Numerous Helium tests over ~20 HIGH years of pool production, ranging from 0.5% to 1.0% • Original gas in place: ~80 BCF LOW • CTD recovery: 59 BCF • Pool suspended March 2021 • ~7
Slide 19: Greater Grande Prairie - PDP Reserve Production Profile
GREATER GRANDE PRAIRIE - PDP URIELGAS.COM RESERVE PRODUCTION PROFILE FULL FIELD GAS PRODUCTION HISTORICAL & FORECAST • The historical production decline curve illustrates over 25 years of natural gas and NGL production • The forecast production decline curve is based on “best fit” from historical pe
Slide 20: Greater Grande Prairie Infrastructure
URIELGAS.COM GREATER GRANDE PRAIRIE INFRASTRUCTURE 20
Slide 21: GGP Gas Processing Schematic to Extract Helium
GGP GAS PROCESSING SCHEMATIC URIELGAS.COM TO EXTRACT HELIUM • Potential to modify existing gas processing facility to extract helium o Estimated capital required - $1.5M • May provide incremental $3.0 - $6.0M NOI annually o Based on estimated Helium production rate of ~30 mcf/d 1. Wellhead 6. Membra
Slide 22: Uriel Next Steps
URIEL NEXT STEPS URIELGAS.COM CONSOLIDATE RE-ACTIVATE ADVANCE GROW Continue to Re-activate GGP Advance 6-8 Continue to grow consolidate position gas field opportunities with conventional oil asset at GGP seismic confirmation base with several prospects under review 22
Slide 23: Capital Structure – UGH on CSE
CAPITAL STRUCTURE – UGH on CSE URIELGAS.COM Management and founders: 10,000,000 Public float: 59,862,900 Warrants outstanding: 1,708,900 Options outstanding: 6,150,000 TOTAL SHARES - DILUTED: 77,721,800 Shares began trading on the CSE January 11, 2023. 23
Slide 24: Thank You
URIELGAS.COM EMAIL: INVESTORS@URIELGAS.COM THANK YOU URIELGAS.COM 24
Slide 25: Technical Appendix
URIELGAS.COM TECHNICAL APPENDIX 25
Slide 26: Richdale Net Pay
RICHDALE NET PAY URIELGAS.COM 26 Source: GLJ Petroleum NI51-101 Report
Slide 27: Richdale Production Profile
RICHDALE PRODUCTION PROFILE URIELGAS.COM 27
Slide 28: Reserves & NPV
RESERVES & NPV URIELGAS.COM 28
Slide 29: Net Revenue
NET REVENUE be? od Elgg Biter con. g ms xe Aimed eC ‘ex CukPe Meet cyst xm ede ote ote “EEL oper te Te sae Reet Gece Spee Coe ome Ge Re errs Economic Foren ve Ge ie "is" “Se Set Smt Sit Ge Se es" PRODUCTION FORECAST = fb 8 Bob ue ie 8s —_— po 88 re Pome 7 pa 88 B Bo} BSB we EE Sr Es .8 Ss m8 is ge h
Slide 30: Banff Depth Conversion & Banff Time Structure
URIELGAS.COM BANFF DEPTH CONVERSION & BANFF TIME STRUCTURE Richdale Banff “A” Pool – no seismic coverage No seismic coverage 02/10-32: 9 BOPD/131.4 mbbls 30
Slide 31: GGP Banff Net Pay
GGP BANFF NET PAY URIELGAS.COM 31
Slide 32: Line SR-10: NW-SE Flattened on Top of Banff
LINE SR-10: NW-SE FLATTENED ON URIELGAS.COM TOP OF BANFF NW SE Cum ~7.3 Bcf Banff Gas Reservoir Interval NOTE: Seismic Amplitude/Character at Banff Reservoir Level! 32
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