Strategic Oil & Gas Ltd · OTC:SOGFF
Strategic Oil & Gas — CIBC 2013 Energy Conference
24 slides from Strategic Oil & Gas's conference presentation, Apr 17, 2013
Slide 1: Corporate Presentation April 2013
Corporate Presentation April 2013 Presented at CIBC 2013 Energy Conference April 17, 2013
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation contains a summary of Management’s assessment of results and should be read in conjunction with the Annual Information Form and the Consolidated Financial Statements and Management’s Discussion and Analysis as filed on SEDAR. This presentation contains certain forw
Slide 3: Corporate Profile (TSXV: SOG)
Corporate Profile (TSXV: SOG) Shares (MM) 210 Options (MM) 13 Management Ownership (%) Basic /FD 1.2/4.1 Board Ownership (%) Basic /FD 26.9/26.9 Market Capitalization ($MM) $270 Bank Line ($MM) $100 Net Debt ($MM) at Dec 31, 2012 $47 1,850 bbl/d of oil hedged for Jul-Dec 2013 US$95.12 Tax Pools ($MM
Slide 4: Corporate Production (BOED)
Organic Growth 6,000 5,000 Corporate Production (BOED) 4,000 2013 (19 Wells) 3,000 POU Acq 2,000 2012 (18 Wells) 1,000 2011 (6 Wells) Steen Acq Existing Production 0 2010 2011 2012 2013 2014 2010 2011 2012 2013E Production (Boed) 303 948 2,107 4,300 % Oil 55% 69% 89% 83% Prod / Share (Boe/MMshares)
Slide 5: 2013 Guidance
2013 Guidance 2011A 2012A 2013E Average production (boe/d) 948 2,106 4,300 Oil + NGL’s (%) 69 89 83 Exit production (boe/d) 1,600 3,000 5,000 Operating cash flow ($MM) 6 28 55 Cash flow ($MM)* 1 20 47 Year end net debt (working capital)($MM) (19) 47 56 Wells drilled (net) 6.8 18 18.8 Operating netba
Slide 6: Asset Base (0.5 MM net acres)
Asset Base (0.5 MM net acres) GREATER STEEN AREA (441,000 net acres - 693 net Greater Steen sections) Maxhamish Amber Cameron Hills 95% of the Strategic’s production comes from a concentrated land base in the Greater Steen Area MARLOWE (97.2% WI in 324,320 Gross Acres - 510 Sections) Multi-zone, S
Slide 7: Infrastructure
Infrastructure Oil & Gas Facilities Greater Maxhamish Steen Amber Strategic owns and operates four facilities in the area with over 8,000 bopd and 130 MMscf of sour gas capacity. Owns over 300 km of pipeline infrastructure in the Greater Steen Area. Oil Capacity Gas processing Taber/Conrad Plant Own
Slide 8: Steen River 101
Steen River 101 Rim of the crater • Impact of an Asteroid ~100 MM years ago created a complex structural traps (or Astrobleme) at Steen River. Rim of the crater • These traps consist of a central uplift, internal crater and rim. • Steen River Astrobleme is • the largest known crater associated with
Slide 9: Stacked Oil Production at Steen River
Stacked Oil Production at Steen River OOIP/Section Depth (m) Zone Resource (MMBBL) 750 Slave Point 100+ sections 12 800 Sulphur Point 100+ sections 5 875 Muskeg Stack 100+ sections 8 950 Zama Currently being mapped - 3 discovered pools (50 MMBBL OOIP) 1000 Keg River 15 Development Locations 12 3+ po
Slide 10: Keg River Overview
Keg River Overview 00/xx-22-122-21W5 12 MMbbl OOIP 2013 3D Seismic Area 0.5 MMbbl produced ? 16 MMbbl OOIP ? 1 MMbbl produced ? 92 Feet 10 MMbbl OOIP ? 2.5 MMbbl produced • Conventional vertical wells (no fracs required, 10 day drill-time) • 34o API oil in Reefal Mounds and Keg River Platform along
Slide 11: Muskeg Stack Overview
Muskeg Stack Overview 400+ ft of gross pay(Muskeg thru Zama), Naturally Fractured; 34° API oil 8 MMBBL OOIP per section; 1 MMBBL ROIP per section First 3 Horizontal wells on production; Expected IP30 rate of 400 BOED (75% Oil) Test Rates from the three Muskeg Stack Horizontal wells drilled Q
Slide 12: Upside Valuation
Upside Valuation Vertical Keg River Muskeg Stack Capital ($mm) $1.65 $2.95 IP30 (Boed) 200 400 IP365 (Boed) (% Oil) 168 (96%) 213 (75%) Year 1 decline (%) 30% 65% Reserves (Mboe) 264 275 F&D ($/boe) $6.25 $10.75 Payout (yrs) 0.6 0.8 NPV 10 / Well ($mm) $6.6 $3.6 UnRisked Opportunity Count 45 400 * B
Slide 13: Growing Drilling Inventory
Growing Drilling Inventory 285 net sections 445 net location 2014-2018 Steen – Sulphur Point 2013-2015 100+ sections Steen – Slave Point Steen - Keg River $1.20/Share* 100+ sections 45 net locations Maxhamish - Chinkeh Sand Steen – Muskeg Stack 400 net locations 35 net sections 2012 Amber - Muskwa (
Slide 14: Corporate Information
Corporate Information MANAGEMENT TEAM RESERVE ENGINEERS McDaniel & Associates Consultants Ltd. Gurpreet Sawhney, MSc, MBA, PEng President & CEO AUDITORS Deloitte Sean Hayes, PhD, PGeol COO LEGAL Norton Rose Canada LLP Aaron Thompson, CA CFO BANKING National Bank of Canada Shelina Hirji, CMA VP Finan
Slide 15: Appendix
. + . Appendix 44s Strategic IL 15
Slide 16: Sulphur Point Overview
Sulphur Point Overview 00/XX-18-122-22W5 SLPP DOL 27 Feet Northern Rim Well Tested: 30 boe/d 00/XX-27-122-21W5 Eastern Rim SLPP DOL Western Rim 1st Horizontal IP20: 150 boe/d Vertical Well: 50 boe/d 2nd Horizontal well Drilled 30 Feet • Continuous dolomite sheet (carbonate); 37° API oil • Porosity:
Slide 17: Evolving Play - Slave Point Light Oil
Evolving Play - Slave Point Light Oil 20 km 115 ft 17
Slide 18: Maxhamish – Horizontal Wells
Maxhamish – Horizontal Wells • 100 sections (38.5% WI in ~68,000 acres) • Non-Operated • OOIP > 500 MMbbls; 42° API oil • Areal extensive sand with well control from 140+ wells, 25+ cores 6.5 miles • Depth: 1600m, Thickness: 4 m • Porosity: 16%; Perm: 4 md Oil Fairway • Four multi-stage fractured ho
Slide 19: Amber
Amber M a 36,800 net acres with two reservoirs which t u overly each other and both in oil generation r e window o il • Jean-Marie Limestone F a • Muskwa (Duvernay) Shale i r w a y Jean Marie Muskwa (Duvernay) Shale Play • 8-10m net porous Limestone • Gross Thickness of 20-30m • Extensive “blanket”
Slide 20: Risk Management Program
Risk Management Program Volume Fixed Price Term Contract Type (bbl/d) ($/bbl) Index 01-Jan-2013 30-Jun-2013 Swap 300 US$100.00 WTI - NYMEX 01-Jan-2013 31-Dec-2013 Swap 200 US$90.00 WTI - NYMEX 01-Jul-2013 31-Dec-2013 Swap 300 US$95.27 WTI - NYMEX 01-Feb-2013 31-Dec-2013 Swap 500 US$95.25 WTI - NYMEX
Slide 21: 3D Geo Cellular Model
3D Geo Cellular Model North Marlowe Keg River Pool Petrophysical Analysis Geological Modelling Reservoir Simulation 21
Slide 22: History Match Model with Field Production Data
History Match Model with Field Production Data North Marlowe Keg River Pool Field Production Match 22
Slide 23: Oil Saturation from 2009 to 2040
Oil Saturation from 2009 to 2040 North Marlowe Keg River Pool 23
Slide 24: Field Production comparison with Type Curve
Field Production comparison with Type Curve All Keg River wells in North Marlowe Keg River Pool 24