Phx Energy Services Corp. · TSX:PHX
Phx Energy Services — Phoenix Technology Income Fund — Investor Presentation (April 2008)
10 slides from Phx Energy Services's investor presentation, April 2008
Slide 1: Deliberate Direction
Deliberate Direction April 2008
Slide 2: Forward-Looking Statements
Forward-Looking Statements Some matters discussed in this presentation may be considered to be forward-looking statements. Such statements include declarations regarding management’s management s intent, belief or current expectations. Prospective investors are cautioned that any such forward-lookin
Slide 3: Market Data PHX.UN / Deliberate Direction
Market Data PHX.UN As of April 18 , 2008 Exchange Toronto Stock Exchange Shares Outstanding 22.5 million Share Price (Close: April 18, 2008) $13.42 52 Week High / Low $13.60 / $7.25 Current Distributions $0.065 month / $0.78 year Market Capitalization (as of April 18, 2008) $301 million Trading Aver
Slide 4: Directional Expansion: Canada and US
Directional Expansion: Canada Directional Expansion: US 2007 Horizontal and directional rigs represented 43% of total active rigs in 2007.
Slide 5: Focused Momentum / Concentrated Expansion
Focused Momentum • History of innovation and performance positions Phoenix, Phoenix and its investors, investors to capitalize on market trends. • New fracturing and completion techniques, require directional services and are driving industry into new lucrative areas. • Unconventional areas promise
Slide 6: Forward Movement – 2008 Destination / Remote Access Directional Drilling
Forward Movement – 2008 Destination • Continued customer focus through increased sales force and operational expertise expertise. • Expand MWD fleet’s to meet growing demands. • R&D incentives will provide long term opportunities pp and barriers in unconventional markets. Remote Access Directional D
Slide 7: Three Well Comparison / Benefits of RADD Operations
Three Well Comparison Conventional Operation VS RADD Operation Rig 1 Rig 2 Rig 3 Rig 1 Rig 2 Rig 3 6-Directional Drillers 2-Directional Drillers 3- MWD Operator 1- MWD Operator 9 Personnel 3 Personnel Cost savings of 12-15% Benefits of RADD Operations • Significant cost savings resulting from fewer
Slide 8: Inclination-At-Bit
Inclination-At-Bit • Key to new lucrative drilling projects. Horn River Basin Monteney Bakken Appalachian Basin Antrim Shale Marcellus Shale Barnett Shale Fayetteville Shale • Barrier to entry for competitors resulting from Phoenix's R&D history. • Precise data makes drilling into pay zone more effi
Slide 9: Distributable Cash/Cash Distributions Made
Distributable Cash/Cash Distributions Made (Stated in 000’s of dollars) 43% 51% 56% 59% Payout Ratio Payout Ratio Payout Ratio Payout Ratio Notes: (1) Cash distributions did not commence until July 2004 Monthly Declared Distribution & Indicated Yield Annual Distribution Amount $0.78 $0.60 $0.54 $0.4
Slide 10: Board of Directors / Key Personnel
Board of Directors • James K. Gray, O.C. • J.G. (Jeff) Lawson • Randolph M. Charron • Elson J. McDougald • J. Cameron Bailey • John M. Hooks • Myron Tetreault Key Personnel • John Hooks - President, CEO & Director • Cameron C M. Ritchie, i hi SSr. VP Finance i &C CFO • Mike Buker, Sr. VP Business De
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