Crown Point Energy, Inc. · TSXV:CWV.H
Crown Point Energy — Investor Presentation (July 2019)
24 slides from Crown Point Energy's investor presentation, July 2019
Slide 1: Corporate Presentation
TSX.V : CWV Corporate Presentation July 2019
Slide 2: Why Argentina
Why Argentina Underexplored and underexploited Oil & Gas resources Robust domestic gas prices Oil Prices indexed to Brent Extensive infrastructure to support Neuquén Basin (Cerro de Los Leones) production growth TGS San Martin pipeline Government has implemented free market reforms, lifted
Slide 3: Argentina - Overview
Argentina - Overview Argentine economic challenges: Improve market prospects in the short-term decrease in the inflation rate slight improvement in economic activity indicators exchange rate stabilizing At the same time, Strong support of the International Monetary Fund, (IMF) close to att
Slide 4: Financial and Assets Summary
Financial and Assets Summary* *Unless otherwise indicated, all historical financial and operational figures are presented prior to giving effect to the Company’s disposition of a 16.8251% participating interest in the Rio Cullen, Las Violetas and La Angostura hydrocarbon exploitation concessions loc
Slide 5: Market Performance
Market Performance • Trading Symbol: CWV TSXV • Share Price*: Cdn $0,71/share Shares Outstanding: 72.9 million • Quarterly Dividend US$0.01 • Market Capitalization*: Cdn$ 51,76 million • * June 28, 2019 2015 2016 2017 2018 1Q 2019 PP&E+E&E Assets (MMus$) 39.98 32.78 29.21 63.78 63.49 Assets (MMus$)
Slide 6: Company Snapshot
Company Snapshot Portfolio of assets with production, Solid financial indicators: development and exploration upside: • Strong cash generation • Strong growth since San Martin oil discovery • Tight control of G&A expenses • Upside gas potential on Tierra del Fuego concessions • No bank debt • Ex
Slide 7: Company Snapshot…Breakdown of Company Income
Company Snapshot…Breakdown of Company Income Strong cash generation… due to significant change in total sales share SMx-1001 on-stream SMx-1002 on-stream Change WI of TDF from 25,7804% to 51,56% Well positioned and ready to acquire additional assets 7
Slide 8: Company Snapshot…G and A
Company Snapshot…G and A Significant reduction in General and Administrative Expenses (*) Estimated 8
Slide 9: Commodity Prices and Netback
Commodity Prices and Netback 9
Slide 10: Operations Overview
Operations Overview* *Unless otherwise indicated, all financial and operating figures are presented after giving effect to the Company’s disposition of a 16.8251% participating interest in the Rio Cullen, Las Violetas and La Angostura hydrocarbon exploitation concessions located in the Tierra del Fu
Slide 11: Crown Point: Acreage Summary
Crown Point: Acreage Summary* Block WI Operator Net Acres Province / Basin Cerro Los Leones North 65,928 Mendoza / 100% CPE S.A. (*) Cerro Los Leones Neuquén South 35,280 Río Cullen 30,235 Tierra del Fuego / Angostura 34.73% Roch S.A. 35,833 Austral Las Violetas 96,246 Rio Cullen TOTAL Net Acres 263
Slide 12: Consolidated Oil and Gas Reserves
Consolidated Oil and Gas Reserves* Natural Gas Gross Reserves @ 34.73% Oil Natural Gas Liquid Reserves Category (*) MMBBL BCF MMBBL Total Proved 2.4 11.3 0.1 Proved plus Probable 3.8 14.3 0.1 NET PRESENT VALUES OF FUTURE NET REVENUES (GROSS RESERVES) Unit Before Income Tax ( Discounted at % year) Af
Slide 13: Operational Summary
Operational Summary* • Austral Basin (Tierra del Fuego) 34.73% working interest Neuquén Basin (Cerro de Los • Core producing asset (Q1 2019 average net production – Leones) 3,470 boepd); • 162,314 net acres (656.9 km2) • San Martin major oil discovery (2017) – two appraisal wells drilled end Q2 – ea
Slide 14: Argentina - Overview
Tierra del Fuego - Overview Rio Cullen Rio Cullen, Angostura, Las Violetas Concessions • Drilling depths: 1,700 - 2,300 m • US $3.5–4M (gross) per well (drill, case, complete, San Martin and tie-in) Angostura • Extensive 3D coverage: +1100 km2 San Sebastian • San Martin – 2017 oil discovery, 3 pro
Slide 15: Argentina – Production Adds 2017-18
Tierra del Fuego – Production Adds 2017-18 Rio Cullen San Martin Major Tobífera Oil Discovery 3 Producing Wells Average Gross Production Q1 2019 4,290 bopd Angostura 1.5 mmcfgd San Sebastian Las Violetas Los Flamencos Rio Chico Tobífera Gas Discovery ARGENTINA Los Patos CHILE 1 Producing Well Rio Gr
Slide 16: Tierra del Fuego – Las Violetas Concession
Tierra del Fuego – Las Violetas Concession Puesto Quince • Prospective area approximately 50 km2 • Analogous to Los Flamencos and Los Patos pools Los Flamencos • Potential Tobífera upside underlying established Springhill gas pools. Rio Chico • Extend the development of Los Flamencos field to th
Slide 17: Tierra del Fuego – Las Violetas Concession
Tierra del Fuego – Las Violetas Concession SW NE 17
Slide 18: Cerro de Los Leones
Cerro de Los Leones CLL Norte: 266.8 km2 CLL Sur: 142.77 km2 • High impact exploration license • Proven oil productive region with good infrastructure 18
Slide 19: Cerro de Los Leones – Exploration Targets
Cerro de Los Leones – Exploration Targets Shallower targets: Tertiary Deeper targets: Gr Neuquén & Sills in Vaca Muerta and Chachao 3D seismic outline Concession limits • Drill two exploratory wells Q3 2019 • Targets • Tertiary and Upper Cretaceous sandstones (TD: 1,500 m) • Budgeted cost $3.7 milli
Slide 20: Board of Directors
Board of Directors Gordon Kettleson – Non-Executive Pablo Bernardo Peralta Chairman • 30+ years of experience in financial • Founding Director and previous CEO of services and activities Crown Point • Director and Vice-President of Banco de Servicios and Transacciones, SA. • President and founding p
Slide 21: Management
Management Brian J. Moss Ph.D. President & CEO • 30+ years petroleum industry experience in both public and private companies • Former Executive Vice President, Latin America – Antrim Energy • Former Vice President, International – Rio Alto Marisa Tormakh Vice President Finance & CFO • 30 + years ex
Slide 22: Advisories
Advisories ▶ Forward-Looking Statements – This document contains forward-looking information. This information relates to future events and Crown Point Energy Inc.'s ("Crown Point", "our" or "we") future performance. All information and statements contained herein that are not clearly historical in
Slide 23: Advisories
Advisories ▶ The forward-looking statements contained in this document are made as at the date of this document and Crown Point does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or o
Slide 24: Advisories
Advisories Abbreviations - The following abbreviations that may be used in this document have the meanings set forth below: 3D - three dimensional bbl - barrel bbls - barrels bcf - billion cubic feet bls/d or bbls/d - barrels per day BOE - barrels of oil equivalent boepd - barrels of oil equivalent
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