Brompton Global Healthcare Income & Growth ETF USD Trust · TSX:HIG.U
Brompton Global Healthcare Income & Growth ETF USD Trust — Welton Energy — Investor Presentation (June 2006)
32 slides from Brompton Global Healthcare Income & Growth ETF USD Trust's investor presentation, June 2006
Slide 1: Corporate Presentation June 2006
Corporate Presentation June 2006 TSX – WLT TSX – WLT.DB TSX – WLT.WT 1
Slide 2: Disclaimer
Disclaimer This presentation includes certain statements, estimates and projections provided by management of the Company with respect to the anticipated future performance and results of the Company. Such statements, estimates and projections reflect various assumptions by the Company’s managemen
Slide 3: Project Areas
Project Areas A diversified blend of Karr exploration and Chime Majeau development, oil and gas Edmonton opportunities Brazeau Ricinus Calgary Mantario East Dankin 3
Slide 4: Highlights
Highlights Actual Q1–2006 average production 981 boe/d Approximately 500 boe/d production capability from Mantario and Karr behind pipe 140,400 gross (44,600 net) undeveloped acres $41 MM in tax pools and loss carry forwards Strong management team P+P Reserves – December 31, 2005 • 3.0 M
Slide 5: Objective
Objective Build shareholder value through Drilling Prudent Disciplined Risk Acquisitions Management Accretive growth in production and reserves 5
Slide 6: Strategy
Strategy Drill extensive diversified portfolio of Capital Budget multi-zone prospects Allocation • Development (Mantario, Brazeau) 30% • Exploitation (Majeau, Ricinus, Karr-Wabamun) 50% • High-impact exploration (Karr, Chime, Dankin) 20% Opportunistic acquisitions and other transactions 6
Slide 7: Corporate History
Corporate History 2003 2004 • Reverse takeover of The NRG Group Inc. • Four joint ventures with Lightning Energy • Takeover Explorfund 2001 Ltd. Limited (now Whitefire/Sequoia) • Joint venture with Lightning Energy (now • Sold Acclaim joint venture production and Whitefire/Sequoia) properties ($4.6
Slide 8: 2005 Accomplishments
2005 Accomplishments O5 2005 Exit rate +348% to 1,010 boe/d P+P reserves +500% to 3.0 MM boe Acquisitions of Era & Infiniti $23 million Acquired 13,440 gross (8,160 net) acres Farmed in on 7,040 gross acres 20 wells drilled; 14 successful and 4 being evaluated 56% oil; 44% gas and NGLs
Slide 9: Early 2006 Accomplishments
Early 2006 Accomplishments 2006 Acquired Private Co. including 18,000 net acres 13 wells drilled - 8 successful and 2 being evaluated Closed $10.5 MM Convertible Debenture offering Q1 2006 production avg. 981 boe/d +18% vs. 830 boe/d in Q4 2005 9 O6
Slide 10: Production, Capability & Land Position
Production, Capability & Land Position Q1 2006 Actual Additional Production Undeveloped Production boe/d Capability boe/d Acreage (Net) Alberta Karr 127 150-175 1,920 Majeau 113 - 10,877 Kakwa 25 - 16 Chime 54 - 730 Ricinus 88 - 1,208 Brazeau 28 - 116 Others 28 - 20,414 Saskatchewan Mantario 520 300
Slide 11: Drilling Activity –2005 YE & 2006 YTD
Drilling Activity –2005 YE & 2006 YTD 2005 2006 YTD Area Drilled Successful Evaluating Drilled Successful Evaluating Mantario 4 3 1 9 6 1 Majeau 5 3 1 2 1 0 Ricinus 7 6 - - - - Chime 1 1 - - - - Karr - - - 2 1 1 Other 3 1 2 - - - Totals 20* 14 4 13** 8 2 *7 Exploratory Wells **5 Exploratory Wells 11
Slide 12: Production Trends (boe/d)
Production Trends (boe/d) Oil bbl/d Gas (boe/d) 981 NGLs (bbl/d) 833 Total (boe/d) 548 504 396 358 253 296 304 301 157 217 96 120 136 75 78 80 Q1 Q2 Q3 Q4 Q1 2005 2006 12
Slide 13: Financial Trends ($/boe)
Financial Trends ($/boe) Ops Netback $31.58 Op Cost G&A $27.40 $24.51 $25.15 $23.05 $21.87 $18.12 $16.07 $15.49 $13.27 $9.22 $8.28 $8.56 $6.37 $6.09 Q1 Q2 Q3 Q4 Q1 2005 2006 13
Slide 14: Financial Trends ($MMs)
Financial Trends ($MMs) $4.3 Revenue $3.4 Cash-Flow $2.6 $1.3 $1.5 $1.1 $0.9 $0.9 $0.4 $0.5 Q1 Q2 Q3 Q4 Q1 2005 2006 14
Slide 15: Reserves (mboe)
Reserves (mboe) Total Proved Probable Additional 3,033 total 1,176 1,857 505 total 218 287 Dec. 31, 2004 Dec. 31, 2005 15
Slide 16: Year End Reserves
Year End Reserves 2004 2005 NGL NGL Heavy Oil 13% 21% 6% Gas 33% 87% 40% Gas Light/Medium Oil 16
Slide 17: Corporate Summary
Corporate Summary 38.6 MM shares (basic) 39.7 MM shares (fully diluted) $10.5 MM convertible debentures 3.0 MM boe reserves P+P $42 MM DCF @ 10% P+P 44,600 (net) undeveloped acres $41 MM tax pools and loss carry forwards 17
Slide 18: Summary
Summary Successful growth since inception Significant production base Drill-ready project inventory for 2006 and beyond Strong land position Full-cycle technical team and infrastructure for growth Strong operational and shareholder partners Ability to react to accretive opportunities 1
Slide 19: Management
Management -President & CEO – Brompton Group Raymond Pether -Former President & CEO – Western Facilities Fund CEO -Former COO – Morrison Middlefield Resources Limited Donald Engle -Former Chairman – APF Energy Inc. President -Former President – Grey Wolf Exploration Ltd. David Oginski -Former Direct
Slide 20: Directors
Directors Aubrey W. Baillie Raymond R. Pether Former Deputy Chairman & COO, BMO Nesbitt Burns Chief Executive Officer, Brompton Group Over 29 years of experience in the investment Over 25 years experience in the investment business business and is currently a Managing Director of having held numerou
Slide 21: Directors (continued)
Directors (continued) Donald Engle David Thring Professional Landman Partner, Lang Michener LLP Over 34 years of experience in the petroleum Over 20 years of legal and business experience industry. Currently president of Sapphire having been called to the bar in Ontario in 1981. Resources Ltd., a pr
Slide 22: Mantario East
Mantario East SK 23 sections (14,738 gross/3,644 net acres) Prolific heavy oil pool in West Central Saskatchewan; high production wells 25% non-operated interest (12½% in one third of the pool) Forecasting low operating costs ($8 - $9/barrel) Current production 640 boe/d net Completed tw
Slide 23: Dankin
Dankin SK 22 section (13,121 gross/13,121 net acres) Potential Mantario East look-alike project and is on trend similar to Mantario play Three 100% wells planned for 2006 23
Slide 24: Majeau Lake
Majeau Lake AB 36 sections (23,040 gross/13,014 net acres) Multi-zone gas and oil potential Low well costs – $400k 3-D seismic program 12 locations identified 24
Slide 25: Brazeau River
Brazeau River AB Light Oil Development High impact, high working interest (94.75%) Low-risk waterflood project 1.3 million barrels of P+P oil reserves Recently acquired additional water injection capability Modest initial production in early 2007 and then peak to 300 boe/d Estimated tota
Slide 26: Karr
Karr AB 17 sections (10,880 gross/3,552 net acres) Welton WI 40% Exploration • Multi-zone prospects including Cadotte, Gething and Cadomin • 2 wells drilled in Q1-2006 with tie-in expected winter 2006 Exploitation • WI 20% in Wabamun; tie in expected late Q2-2006 26
Slide 27: Ricinus
Ricinus AB Resource/Sweet Gas Play 20 Sections (12,800 gross/1,426 net acres) Welton WI 9% - 21% 1 – 2 bcf per well potential Long-life reserves Downspacing approved 25 locations; up to 8 wells budgeted for 2006 27
Slide 28: Chime
Chime AB 9 sections (5,760 gross/1,254 net acres) Welton WI 17% - 45% 3D seismic coverage High-impact Deep Basin multi-zone gas exploration Encouraging nearby drilling activity (Dunvegan, Falher, Gething, Cadomin) • 1 – 8 bcf at 1-5 mmcf/d Two locations budgeted for 2006 28
Slide 29: Medicine Lodge
Medicine Lodge AB 2.5 sections (1,600 gross/608 net acres) Exploitation success • 13-15 well producing • Welton WI 20% bpo 14% apo Exploration prospect • Welton WI 50% • Competitor’s offsetting well being tied in Cadomin and Cardium 3 potential locations 29
Slide 30: Woking
Woking AB 16 sections (10,880 gross/2,720 net acres) Welton WI 25% Light sweet gas 1 new well to be tied in Potential follow-up location 30
Slide 31: Peace River Arch
Peace River Arch AB 14 sections (8,480 gross/1,992 net acres) Welton WI 25% Primary target – Triassic, Kiskatinaw • Potential well reserves: 2-7 bcf • Potential well production: 1-5 mmcf/d 2 wells drilled and cased; 1 tie-in under evaluation 31
Slide 32: Suite 2180 140 - 4th Avenue S.W. Calgary, Alberta
Suite 2180 140 - 4th Avenue S.W. Calgary, Alberta T2P 3N3 Phone: (403) 233-2393 Fax: (403) 264-6219 Email: info@weltonenergy.com Donald Engle Phone: (403) 215-4747 Email: engle@weltonenergy.com 32