Nextraction Energy Corp · OTC:NXTFF
Nextraction Energy — Investor Presentation (May 2013)
20 slides from Nextraction Energy's investor presentation, May 22, 2013
Slide 1: Corporate Presentation
Corporate Presentation May 22, 2013 The Next round of extraction on known plays
Slide 2: Disclaimer and Forward Looking Statements
•DISCLAIMER The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The contents of this presentation are for informational purposes only and do not constitute an offer to sell or a solicitation to purchase an
Slide 3: Investment Opportunity
Investment Opportunity Management Team and Board of Directors with a proven track-record of growth and creating shareholder value Well positioned for continued production and reserve growth through an extensive drilling inventory of low risk, light oil development wells 44 Net drilling locatio
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Stock Exchange TSX-V Trading Symbol NE Basic Shares Outstanding 37,687,742 - Management and Board 18% Total Diluted Shares Outstanding 45,752,536 - Management and Board 20% Current Market Capitalization approximately $8.5 MM Current Production (85% light Oil) approximately 70 boe/
Slide 5: 2012 Highlights
2012 Highlights Successfully drilled 3 horizontal wells targeting light oil in the Viking formation 13-6 well tested 210 bbls/d of light oil over 1 day After 8 months of production, currently capable of pumping 60 bbls/d of light oil 16-34 well tested 230 bbls/d of light oil over 5 days Af
Slide 6: Provost Viking Light Oil Resource Play
PROVOST VIKING LIGHT OIL RESOURCE PLAY East Central Alberta Viking Wells & Operators Significant light oil play in Eastern Halkirk Crescent Alberta with similar development Point occurring in Redwater, Halkirk and (Cutpick) Dodsland Muirfield NEXTRACTION PROVOST VIKING A PROJECT Charger Equal 4
Slide 7: Nextraction Provost Viking A Pool
Nextraction Provost Viking A Pool NE 1st HZ NE Producing NE 2nd HZ Long Run Vertical Wells Well (14-7) Well (13-6) (Westfire) HZ currently Wells (10th month) 60 bbls/d NE 3rd HZ Well (16- 34) NE 5th HZ Well currently NE 4th HZ Well (12-33) Licensed (9th month) (8-34) currently NE Pipeline 60 bbls/d
Slide 8: Nextraction is Drilling "Top Quartile" wells
Nextraction is Drilling “Top Quartile” wells Nextraction 2012 wells significantly outperforming the average well in the Provost area NE 16- 73 wells in a 35 township area 34 34-4W4 to 38-10W4 The 16-34 well is tracking the best individual rate from ANY well in the area After 7 months, has
Slide 9: Attractive Economics in Nextraction's Provost Viking
Attractive Economics in Nextractions Provost Viking WTI Price $80.00 $90.00 $100.00 $110.00 NETBACKS FOR NEW DRILLS ($/BBL) Well Head Price $70.00 $80.00 $90.00 $100.00 Royalty $3.50 $4.00 $4.50 $5.00 Op Costs/Transportation (1) $14.00 $14.00 $14.00 $14.00 FIELD NETBACKS ($/BBL) $52.50 $62.00 $71.50
Slide 10: 2012 Milestones
2012 Milestones Construct natural gas pipeline to earn Provost position Construct multi-well oil battery to handle increased fluid volumes Drill 13-6 horizontal Viking oil well and bring it on production Drill 16-34 horizontal Viking oil well and bring it on production Become cash flow pos
Slide 11: Cowboy Exploration Acquisition - Highlights
COWBOY EXPLORATION ACQUISITION - Highlights Acquired all outstanding shares of Cowboy Exploration, a private company Paid approximately 3.79MM Nextraction shares ($1.14MM at $0.30 per NE share) Closed on 100% of the shares of Cowboy on April 8, 2013. Acquired 23.5 Net sections of land, $200,
Slide 12: Cowboy Exploration Acquisition – Property Highlights
COWBOY EXPLORATION ACQUISITION – Property Highlights Eyremore (Glauconite Oil) 96% average Working Interest EDSON Operated property 3 Sections of land (2.9 net) Edmonton 1 producing oil well CHIP Edson (Cardium Oil, Notikewan Gas, Bluesky LAKE Oil/Gas) 100% Working Interest Operated
Slide 13: Eyremore Property
Eyremore Property Target is light oil in the Glauconite Formation 1150 m TVD HZ Well 96% Average Working Interest, operated ready to property license Producing Oil Wells 3 sections (2.9 net) of Crown land with 1 producing well on company land 2D seismic helps defines structure and 2D seism
Slide 14: Edson Property
Edson Property Multi zone potential Bluesky Oil Cardium light oil Wells Cardium Oil Notikewin gas Wells Bluesky gas/oil Rock Creek gas 100% Working Interest, operated property 1.5 Sections of Crown land 1 standing well on company land Potential (numerous pay zones on logs) Nextractio
Slide 15: Chip Lake Property
Chip Lake Property Multi zone exploration potential Rock Creek (Oil and Gas) Rock Creek Gas Blueridge (Nisku) (Oil) Rock Creek Pool AOF – 582 Edmonton mcf/d Mannville 70% Average Working Interest, Operated property 17.75 Sections of land (12.375 Net) Rock Creek Blueridge(Nisku) Oil Wel
Slide 16: 2013 Targeted Light Oil Capital Program
2013 Targeted Light Oil Capital Program Project Area Formation Working Projected Interest Cost Complete 8-34 horizontal Provost Viking 50% $0.6MM well Drill 12-33 horizontal well Provost Viking 100% $1.6MM Drill horizontal well Eyremore Glauconite 100% $2.0MM Complete vertical well Edson Cardium, 10
Slide 17: Investment Opportunity
Investment Opportunity Why Nextraction? Focused, growth oriented light oil company Geological, engineering and operational expertise in the areas we operate Well positioned for continued production and reserve growth through an extensive drilling inventory of low risk, light oil development
Slide 18: Management Team
Management Team Kent Edney, P.Eng., President Professional engineer with over 11 years experience at junior companies including Breaker Energy, Surge Energy and Thunder Energy Extensive operational and technical experience in Western Canada Managed capital budgets in excess of $50 million an
Slide 19: Board of Directors
Board of Directors Eric H. Carlson (Chairman) A Chartered Accountant and experienced financial advisor, with over 18 years experience in real estate investment, development and management as President & CEO of Anthem Properties Director of publicly traded mining companies such as MAG Silver Co
Slide 20: Contact Information
Contact Information Kent Edney, P.Eng. President (403) 514-2373 kedney@nextraction.com Scott Badcock, CA Chief Financial Officer (403) 514-2399 sbadcock@nextraction.com Calgary Office 104 2nd Street SW Calgary, Alberta 20
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