Fieldpoint Petroleum Corp · OTC:FPPP
Fieldpoint Petroleum — Investor Presentation (October 2014)
17 slides from Fieldpoint Petroleum's investor presentation, Oct 14, 2014
Slide 1: Investor Presentation
Investor Presentation FieldPoint Petroleum Corporation (NYSE/MKT: FPP) October 14, 2014
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements FORWARD-LOOKING STATEMENTS: Certain statements contained in this document constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and Section 27A of the Securities Exchange Act of 1933, as amended, and Secti
Slide 3: Company Background
Company Background The Company was founded in 1989 by Ray D. Reaves, and is engaged in oil and gas exploration, production and acquisition. • Ray built a company with a strong balance sheet and cash flows supported by a long lived reserve base and he was poised to enter an exciting growth phase of
Slide 4: Financial Overview
Financial Overview Financial Information Production Data FYE 2013 FY 2012 FY2011 Q2 2014 Revenue (000s) $10,541 $10,403 $7,109 Approximate BOEPD 450 Net Income (000,000s) $1,278 $2,112 $602 % Oil 81% EPS (Fully Diluted) $0.15 $0.25 $0.08 Adjusted EBITDAX $5,436 $5,681 $3,782 Reserve Data Adjusted EB
Slide 5: Asset Overview
Asset Overview FieldPoint has interests in 20 different fields in 5 states, resulting in long lived diversified base production. The Company has interests in 480 gross (96 net wells). 19 net wells are operated. Non-operated – the Company works with experienced, efficient operators such as Halc
Slide 6: Projects and Production
Projects and Production Operator Field Reservoir County State Gross Wells Net Wells MCFPD BOPD BOEPD % Production Wildhorse Resources Longwood Hoss Caddo LA 2 0 19 0 3 0.69% • A majority of our production Conoco Phillips North Bilbery Atoka Lea NM 1 1 89 0 15 3.29% Legacy/Chesapeake Flying M ABO Lea
Slide 7: Bone Spring – Lea County, NM
Bone Spring – Lea County, NM East Lusk Field - Cimarex Operated Bones Springs Project Bone Spring Type Well Average D&C Cost $6M The Company has varying Held by Production interests in 2 sections Average Initial Production Rate 740 including a 43.75% interest in section 15, an a 87.5% interest in
Slide 8: Growth – Bone Spring Opportunities
Growth Company– Bone Spring Opportunities Background Additional Cimarex Wells • We anticipate drilling the 4rth Cimarex Bone Spring well in Q2 of 2015 when gas processing capacity has been increased. • Cimarex is developing South to North on 160-Acre proration units and has the acreage to drill one
Slide 9: Growth – Workover, Proved Behind Pipe
Growth – Workover, Proved Behind Pipe We believe there is a lot of low hanging fruit in our portfolio that needs to be evaluated and developed. Block 6 State of Texas Z #2 Behind Pipe – Andrews County Texas We plugged back from the Devonian formation which was making about 6 BOPD and recompleted i
Slide 10: Growth – Workover, Proved Behind Pipe
Growth – Workover, Proved Behind Pipe We will continue to evaluate our portfolio to find these opportunities. North Block 12 Field Workover – Andrews County, Texas Reactivated the North Block 12 #10 Devonian Well in March of 2013. Producing approximately 10 -15 BOPD for about $100K. North Block
Slide 11: Growth – Proved Undeveloped Infill Locations
Growth – Proved Undeveloped Infill Locations Infill Drilling Opportunity – Chaves County, New Mexico Quinoco Sulimar #1 1,800’ in the Queen Sand formation. IP rate - 150 BOPD and is currently producing approximately 10 BOPD The well has had an accumulative production of 128 MBOE. New Drill - S
Slide 12: Growth – Horizontal Taylor Serbin Redevelopment
Growth – Horizontal Taylor Serbin Redevelopment We are horizontally redeveloping the Serbin Field with Riley Exploration Group We cross assigned our Taylor Serbin holdings with Riley and currently own 143 gross and 40 net vertical wells along with 5,800 gross & 1,500 net acres (Held by Production)
Slide 13: Growth – Horizontal Taylor Serbin Redevelopment
Growth – Horizontal Taylor Serbin Redevelopment Serbin Horizontal Type Well Serbin Horizontal Wells Average D&C Cost (Gross) $3.8M IP Rates Average Initial Production Rate (Gross) 200 Ranger 8A - 1H - January 2013 167 BOPD Average Estimated Ultimate Recovery (Gross) 200 Ranger 8A - 2H - July 2013 Te
Slide 14: Summary
Summary Accelerated Strong Cash Flow & Growth Balance Sheet Opportunities High Quality, Long Increased Lived Assets Shareholder Value 14
Slide 15: Thank You for Attending
Thank You for Attending 15
Slide 16: Management & Board of Directors
Management & Board of Directors • Phillip H. Roberson (Chief Financial Officer/Chief Operating Officer) Mr. Roberson joined FieldPoint in June of 2013 as President, COO/CFO. Prior to joining FieldPoint, he was a founder of AEG Operating LLC, an independent oil and gas exploration company, where he a
Slide 17: Management & Board of Directors
Management & Board of Directors • Dan Robinson Mr. Robinson has served as a director of the Company since August 2004. He has held the position of President and Chief Executive Officer of Placid Refining Company LLC from December 2004 to the present. Prior to his current position, he served in many
FieldPoint Petroleum — Investor Presentation (October 2014) on 6ix