Crown Point Energy, Inc. · TSXV:CWV.H
Crown Point Energy — Investor Presentation (June 2017)
22 slides from Crown Point Energy's investor presentation, June 2017
Slide 1: Ready to grow in an undersupplied natural gas market
1 TSX.V : CWV Ready to grow in an undersupplied natural gas market CORPORATE PRESENTATION | June 2017
Slide 2: Why Argentina
Why Argentina 2 ▶ Underexplored and underexploited gas resources ▶ Growth will demand more energy ▶ Gas represents 50% of the national energy matrix ▶ Argentina imports 20% of its annual gas Neuquén Basin (Cerro de Los Leones) consumption TGS San Martin pipeline ▶ Rising domestic gas prices ▶ Extens
Slide 3: Asset Base
Asset Base 3 ▶ Austral Basin - Tierra del Fuego (TDF) 25.78% working interest, 3 concessions • Core producing asset. Q1 2017 average delivering : 1,200 boepd (W.I) • 126,000 net acres (489,000 gross) • Inventory of 3D seismically defined drilling Neuquén Basin locations (Cerro de Los Leones) • Conve
Slide 4: Tierra del Fuego
Tierra del Fuego 4 ▶ Rio Cullen, Angostura, Las Violetas Rio Cullen Concessions • Drilling depths: 1,700 - 2,300 m • US $3.5–4M (gross) per well (drill, case, complete, frac and tie-in) Angostura • Extensive 3D coverage: +1100 km2, including additional 210 km2 3D acquired in 2015 on San Sebastian th
Slide 5: TDF - Development Strategy: Building Reserves & Cash Flow
TDF - Development Strategy Building Reserves & Cash Flow 5 ▶ Strategy Rio Cullen • Focus drilling on low-risk gas targets with solid economics • Target older gas wells for fracture stimulation to improve productivity Angostura ▶ Goals • Step out drilling on established producing San Sebastian pools
Slide 6: Las Violetas Concession: Immediate Drilling Proposal
Las Violetas Concession Inmediate Drilling Proposal 6 Las Violetas ▶ Puesto Quince Structure Oil Pool • Prospective area up to 50 km2 • Similar structure to Los Flamencos and Las Violetas Gas Pool Los Patos pools* • Appraisal location 2km north of discovery well Puesto Quince ▶ Las Violetas Gas Pool
Slide 7: Las Violetas Concession
Las Violetas Concession 7 ▶ Los Flamencos Este Los Patos • 108 Km2 of 3D seismic were acquired during 2015. Rio Chico Rio Chico • Extend the development of Los Flamencos field to Gas Facility the east. Los Flamencos • Potential Springhill Sandstone tight gas reservoirs Rio Grande Town Site • Explora
Slide 8: Net Oil and Gas Reserves – Tierra del Fuego
Net Oil and Gas Reserves – Tierra del Fuego 8 Summary of Oil and Gas Reserves Forecast Prices and Costs Tierra del Fuego Angostura, Las Violetas, Río Cullen Areas as of December 31, 2016 * CPE Reserves Light and Medium Oil Natural Gas Natural Gas Liquids Reserves Category Gross ( WI) Net (NRI) Gross
Slide 9: La Marina Compression Plant
La Marina Compression Plant 9 Turbo Compressor La Marina Compression Plant Control Panel House ▶ Capable of 105 mmcf/d to San Martin pipeline ▶ Owned by Joint Venture (Crown Point working interest 25.78%) 9
Slide 10: San Luis LPG Plant
San Luis LPG Plant 10 Gas Inlet from Rio Chico Plant Storage Propane Zeppelin 300 m3 ▶ Maximum design compression gas rate (low): 13.4 mmcf/d. ▶ Maximum design compression gas rate (high): 14 mmcf/d. Propane/Butane Separator ▶ Two moto-compressors installed with 3000 HP of compressor potential. Towe
Slide 11: Rio Chico – Oil & Gas Dew Point Expanded
Rio Chico – Oil & Gas Dew Point Expanded 11 Turbo Compressor ▶ Maximum design compression gas rate (low): 19.8 mmcf/d. ▶ Maximum design compression gas rate (high): 12.4 mmcf/d. ▶ Three installed moto-compressors with 4500 HP max. capacity. ▶ Maximum Gas rate treatment capacity: 19.8 mmcf/d. ▶ Maxim
Slide 12: Cerro de Los Leones: Targeting Conventional Oil and Gas
Cerro de Los Leones 12 Targeting Conventional Oil and Gas 12
Slide 13: CLL (100% WI) – Neuquén Basin
CLL (100%WI) –Neuquén Basin 13 13
Slide 14: CLL – Operation Update
CLL – Operation Update Proposed 3-D seismic 2017 14 ▶ Vega del Sol Re-Entry Program: • Re-entered Vega del Sol X1 and re-completed intrusive in the Chachao formation. Placed on pump test in June 2016 after swabbing oil at Puesto Rojas rates up to 214 bopd.* 23 mmbbls of oil produced to date Llancane
Slide 15: Vega del Sol x-1
Vega del Sol x-1 Productive Fractured Intrusive 15 ▶ Vega del Sol x-1 productive fractured intrusive area ~2.1 Km2 Amplitud Max – Intrusivo en Fm. Chachao ▶ Vega del Sol X-2 untested fractured intrusive ~ 2 Km2 Vega del Sol e-2 ▶ Vega del Sol X-3 Neuquén Group area Vega del Sol x-3 of seismically de
Slide 16: CLL North
CLL North Proposed 3D & resource areas Resource areas 16 Exploratory upsides ▶ CLL North has 4 main leads defined on older 2D seismic data. Proposed 3D seismic: 234 km2 16
Slide 17: Management
Management 17 Brian J. Moss Ph.D. Franco Chavez President & CEO Manager, Engineering and Production ▶ Former Executive Vice President, Latin ▶ More than 13 years of experience in the America - Antrim Energy Argentine oil and gas industry ▶ More than 30 years petroleum industry ▶ Held positions of in
Slide 18: Board of Directors
Board of Directors 18 Gordon Kettleson – Non-Executive Chairman Pablo Bernardo Peralta ▶ Founding Director and previous CEO of ▶ More than 30 years of experience in financial Crown Point services and activities ▶ CEO of Interwest Enterprises ▶ Director and Vice-President of Banco de Servicios y Tran
Slide 19: Investment Highlights
Investment Highlights 19 ▶ Growing market ▶ Low risk concessions ▶ Exploratory upside ▶ Positive EBITDA www.crownpointenergy.com 19
Slide 20: Ready to grow in an undersupplied natural gas market
20 TSX.V : CWV Ready to grow in an undersupplied natural gas market CORPORATE PRESENTATION | June 2017
Slide 21: Advisories
Advisories 21 Forward-Looking Statements - Certain information regarding Crown Point Energy Inc. ("Crown Point", "our" or "we") set forth in this document may constitute forward-looking statements under applicable securities laws, including, but not limited to, the following: the oil and gas market
Slide 22: Advisories
Advisories 22 Barrels of Oil Equivalent - Barrels of oil equivalent ("boes") may be misleading, particularly if used in isolation. A boe conversion ratio of 6 thousand cubic feet ("Mcf"): 1 barrel ("bbl") is based on an energy equivalency conversion method primarily applicable at the burner tip and
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