Kodiak Energy Inc · OTC:KDKN
Kodiak Energy — Investor Presentation (November 2008)
26 slides from Kodiak Energy's investor presentation, Nov 7, 2008
Slide 1: Kodiak Energy, Inc. Investor Presentation
KDKN (OTC.BB) KDK (TSX-V) www.kodiakpetroleum.com Kodiak Energy, Inc. World-Scale Exploration and Development in North America INVESTOR PRESENTATION 2008-11-06 RRV2
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," or similar expressions are intended to identify "forward-looking statements.
Slide 3: About Kodiak
About Kodiak Investment Attributes Market Facts « Growth stage, junior exploration & development Ticker Symbols KDKN (OTCBB) ● KDK (TSX-V) company Market Capitalization US $62.7MM / C $84.7MM « Develop onshore properties within North America Shares Outstanding 110,023,998 « Diversified portfolio of
Slide 4: People
People Key Management & Directors William S. (Bill) Tighe Marvin J. Jones Director / Chief Executive Officer, President Director Bill’s experience includes approximately thirty years in management, operations, Marvin has been a director of the Company since April 2006 and has more than maintenance,
Slide 5: Project Focus
Project Focus EL413 or “LITTLE CHICAGO”, NWT Little Chicago Resources Oil & gas Gross Acreage ~200,000 Working Interest 56.25% (with 80% option to earn upon drilling) Status Drill 2 exploratory wells - Lucy pending completion of access (Horn River Basin) & benefits agreements & market conditions LUC
Slide 6: Project Focus: Lucy
Project Focus Lucy NE British Columbia, Canada Short Term Impact & Upside, Reduced Risk KDKN (OTC.BB) ● KDK (TSX-V) 6 www.kodiakpetroleum.com 2008-11-06 RRV2
Slide 7: Lucy, NE British Columbia, Canada
Lucy, NE British Columbia, Canada Short Term Impact & Upside, Reduced Risk HORN RIVER § Favorable royalty regime in British Columbia BASIN § Kodiak has 3 gross sections of Muskwa/Evie shale gas - potential compared to Texas Barnett shale gas - extension of the Horn River Basin world class play § Est
Slide 8: Lucy - Strategy
Lucy - Strategy HORN RIVER Kodiak - Industry Prospect Comparison BASIN Muskwa/Evie Shale Gas Properties Industry Values Kodiak Values Parameter (Publicly Available) (see notes) Reservoir Thickness (ft) 60 - 600 150 - 225 a Kodiak lands Total Organic Carbon (%) 0.9 - 6.1 2.2 - 5.7 b Gas Filled Porosi
Slide 9: Lucy - Strategy
Lucy - Strategy Go Forward Plans Q4/08 to Q1/09 - Well a79-A 1. Perforate the Muskwa interval Lucy project qualifies for an experimental scheme under 2. Perform a vertical shale gas fracture the BC government regulations, treatment maintaining license extensions and confidentiality for a 3. Test and
Slide 10: Lucy - Valuation
Lucy - Valuation Recent Technical • EOG has announced a vertical Muskwa flow test of approximately 750mcf/d Achievements that Support the Horn River Basin Muskwa • EOG has announced 3 horizontal Muskwa flow tests of approximately Prospect as a 3500mcf/d, 4200mcf/d and 5000mcf/d “World Class Play” •
Slide 11: Project Focus: Little Chicago
Project Focus Little Chicago Northwest Territories, Canada EL 413 - A World Class, High Impact Exploration Project KDKN (OTC.BB) ● KDK (TSX-V) 11 www.kodiakpetroleum.com 2008-11-06 RRV2
Slide 12: Little Chicago, NWT, Canada
Little Chicago, NWT, Canada EL 413 - A World Class High Impact • Kodiak land position of ~200,000 gross acres Exploration Project in an North American Setting • Kodiak is 100% operator § Potential for 1 Billion barrels of oil in place • 56.25% working interest § Other major discoveries in the region
Slide 13: Little Chicago - Strategy
Little Chicago - Strategy 2 phase concurrent exploration drilling program to evaluate leased area for hydrocarbon potential First Phase Drilling* Additional Phases of Drilling 1. Two well deeper drilling program (Kodiak Arctic #1 and 1. Multi-well shallow drilling program (Kodiak Arctic #3, #4, #2)
Slide 14: Little Chicago - Valuation
Little Chicago - Valuation NI 51-101 PROSPECTIVE RESOURCE STUDY by Chapman Engineering Ltd. - May 1, 2008 THREE POTENTIAL ZONES 1) Devonian Bear Rock Prospect – First target at ~ 700 m (2300 ft.) – Light and medium oil – 15 Bear Rock leads with 5 being well defined high grade – Chapman Report best e
Slide 15: Project Focus: NE New Mexico
Project Focus NE New Mexico United States A Potential 25 Year Development Long Term, High Impact KDKN (OTC.BB) ● KDK (TSX-V) 15 www.kodiakpetroleum.com 2008-11-06 RRV2
Slide 16: NE New Mexico, US
NE New Mexico, US A Potential 25 Year Development Long Term, High Impact § Primarily a CO2 prospect for enhanced oil recovery § Kodiak land position of ~78,000 gross acres with ~10 year license § Four prospects: 1. Sofia 2. Spear Draw 3. Cimarron 4. Gallegos § 100% operator and 100% working interest
Slide 17: New Mexico - Sofia Prospect
New Mexico - Sofia Prospect ¬ Conclusion Summary § Based on the additional seismic completed in April 2008 along with subsequent analysis, the CO2 is expected to be widely distributed over the held properties that will support a scalable development § Spear Draw to be evaluated in second phase ¬ Key
Slide 18: New Mexico - Sofia Development
New Mexico - Sofia Development ¬ Engineering Base Design Case Current § 50 mmscf/d production and sales facility - $1.80/ mmscf long term sales contracts ~$44.2MM Economics § Facilities - gathering and dehy - ~$15.4MM § Compression - ~$27MM § 115 initial well program - ~$28.7MM § 8 to 10 year econom
Slide 19: New Mexico - Sofia Development
New Mexico - Sofia Development Project § This work is underway in parallel paths as is the evaluation of other hydrocarbon and CO2 potentials, which will add value to the overall project by reducing capital or operating costs, or both Schematic § There are several major items to be completed prior t
Slide 20: In Summary
In Summary « Growth stage exploration and development company « Over 340,000 gross acres asset land base with no capital requirements for lease extensions or imminent license expiries - additional lands are available to expand « Majority control and operatorship on all projects - high impact prospec
Slide 21: Staged Project Based Financing - Short Term
Staged Project Based Financing - Short Term GO FORWARD FINANCING - PROJECT BASED * (Estimates) C$MM Description C$MM Q4 2008 to Q2 2009 Flow Lucy Stimulate vertical cased wellbore, flow and Through $1.6 $1.6 NE British Columbia buildup to support reserves evaluation Financing Private G&A, commission
Slide 22: Appendices
Appendices Appendix A Use of Proceeds to Date Appendix B Peer Comparison KDKN (OTC.BB) ● KDK (TSX-V) * www.kodiakpetroleum.com 2008-11-06 RRV2
Slide 23: Appendix A - Use of Proceeds to Date
Appendix A - Use of Proceeds to Date OCTOBER 2007 FINANCING JUNE 2008 FINANCING Description C$MM Q3 2007 to Q2 2008 Description US$MM Q2 to Q3 2008 Binding Letter Agreement dated Drilling/testing/completions/tie 1 well Lucy (80% W.I.), 3 wells Loan to Brink June 18, 2008 for reduction of $4.5 $1.00
Slide 24: Appendix B - Peer Comparison
Appendix B - Peer Comparison Total Net Market Shares Share Price Area of Income Cap Outstanding Close Exploration & Total Land Position Production Last Q Company Ticker (C$MM) (MM) 2008-10-22 Development (Total Approx. Acres) (approx.) (C$MM) Commodity Toronto Venture Exchange NWT, B.C., New gas, oi
Slide 25: Kodiak Energy, Inc.
KDKN (OTC.BB) KDK (TSX-V) www.kodiakpetroleum.com Kodiak Energy, Inc. World-Scale Exploration and Development in North America Contact: Suite 460, 734 - 7 Avenue S.W. Calgary, Alberta T2P 3P8 Canada Main: +1 (403) 262-8044 Fax: +1 (403) 513-2670 E-mail: info@kodiakpetroleum.com www.kodiakpetroleum.c
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