Strategic Oil & Gas Ltd · OTC:SOGFF
Strategic Oil & Gas — Investor Presentation (June 2012)
15 slides from Strategic Oil & Gas's investor presentation, June 2012
Slide 1: Growth: Light Oil Production & Reserves
GROWTH LIGHT OIL PRODUCTION & RESERVES June 2012
Slide 2: Corporate Objectives
Corporate Objectives FOCUS ON LIGHT OIL • Conventional reservoirs provide near term cash flow • Steen River: Keg River, Sulphur Point • Resource plays provide the reserve growth • Maxhamish: Chinkeh, 500+ MMbbl OOIP • Amber: Muskwa, Jean Marie • 178,000 net acres GROWTH (boe/d) • Q4/2010: 303 (66% o
Slide 3: Corporate Profile (TSXV: SOG)
Corporate Profile (TSXV: SOG) Shares outstanding (MM) Basic/Fully Diluted 187.1/195.1 Insiders Ownership (%) Basic/Fully Diluted 27.61 /29.6 Market Capitalization ($MM) 98 Average Liquidity (3m) 144,000 Bank Line ($MM) 502 Net Debt ($MM) Nil Tax Pools ($MM) 182 (March 31, 2012) 1) 24.5% owned by an
Slide 4: Operations Summary
Operations Summary Production (boe/d) Q4 2011 1230 (74%oil) Q1 2012 1631 (85 % oil) Operating Netback1 ($/boe) 2011A $20 2012E2 $44 Reserves3 (MMboe) - year end 2011 Proved 3.2 P+P 5.2 P+P RLI 6.5 Net Land(acres) 178,000 1) Based on $92.50/bbl WTI, US$2.60 /GJ, 0.98 US$/C$ in 2012 and GLJ’s January
Slide 5: Steen River and Amber – NW Alberta
Steen River and Amber – NW Alberta Oil Fairway Steen River Sulphur Point (37 API) Continuous Sheet Dolomite Horizontal well Play 900 m Keg River (34 API) 1000 m Conventional vertical wells Amber Reefal Mounds 5
Slide 6: Steen Keg River Vertical Wells
Steen Keg River Vertical Wells DCE&T ($MM) $1.8 IP30/IP90 (boe/d ) 210/200 IP365 (boe/d) (%oil) 165 (94% oil) Reserves (Mboe) 275 NPV BT10 ($MM) $7.3 Payout (years) 0.5 Reserves F&D Cost ($/boe) $6.6 3 miles Production efficiency ($/boe/d) $9,000 Initial operating netback ($/boe/d)* $62 Profit Inves
Slide 7: Steen Keg River - North Marlowe Vertical Wells
Steen Keg River - North Marlowe Vertical Wells 600 500 Oil Rate, BOPD 400 300 200 100 0 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 Days 600 500 400 Oil Rate, BOPD 300 200 100 0 0.0 30.0 60.0 90.0 120.0 Days 7
Slide 8: Steen Sulphur Point Horizontal Wells
Steen Sulphur Point Horizontal Wells Northern Rim Eastern Rim Well Tested: Western Rim 1st Horizontal IP20: 150 boe/d 30 boe/d Vertical Well: 2nd Horizontal well Drilled 50 boe/d 18 miles DCE&T ($MM) $2.6 IP30/IP90 (boe/d ) 150/140 IP365 (boe/d) (%oil) 107 (94% oil) Reserves (Mboe) 160 NPV BT10 ($MM
Slide 9: Maxhamish – Horizontal Multifrac Wells
Maxhamish – Horizontal Multifrac Wells • 100 sections (38.5% WI in ~68,000 acres) • OOIP > 500 MMbbls; 42° API oil • Extensive sheet sand mapped using 140+ wells, 25+ cores) • Depth: 1600m, Thickness: 4 m • Porosity: 16%; Perm: 4 md • Four multi-stage fractured horizontal well drilled • Over 115 net
Slide 10: Amber
Amber M 36,800 net acres with two reservoirs which overly a t each other and both in oil generation window u r • Jean-Marie Limestone e o • Muskwa (Duvernay) Shale il F a i r w a y Jean Marie Muskwa (Duvernay) Shale Play • 8-10m net porous Limestone • Gross Thickness of 20-30m • Extensive “blanket”
Slide 11: 2012 Outlook and Guidance
2012 Outlook and Guidance OUTLOOK 2011A 2012E GUIDANCE Average production (boe/d) 948 2400 Capital Expenditures $60 million Exit production (boe/d) 1600 3000 Average Production 2,400 boe/d % Oil + NGLs 77 85 Development capital ($MM) 42 60 Exit Production 3,000 boe/d (85% oil) Wells drilled (net) 6.
Slide 12: Strategic Today
Strategic Today • Three core areas focussed on light oil • Production over 2700 boe/d (88% oil) • Operating Cash Flow of 8 MM/quarter • 178,000 net acres • Drilling inventory of over 200 wells • Well financed and debt free STEEN RIVER MAXHAMISH AMBER OPERATED NON-OPERATED OPERATED 34-37 deg API 42 d
Slide 13: Management / Board
Management / Board MANAGEMENT TEAM Arn Schoch CEO & Chairman Gurpreet Sawhney, MSc, MBA, PEng President Sean Hayes, PhD, PGeol COO Kirk Boote, PEng EVP Engineering Shelina Hirji, CMA VP Finance Jeff Huckle VP Operations Barbara Joy VP Land BOARD Arn Schoch CEO & Chairman Thomas Claugus Director Rich
Slide 14: 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 15: Contact Information
Contact Information INDEPENDENT RESERVE GLJ Petroleum Consultants Arn Schoch ENGINEERS CEO & Chairman AUDITORS Meyers Norris Penny LLP Dir: 403.767.2950 Cell: 403.870.1245 LEGAL Norton Rose Canada LLP aschoch@sogoil.com BANKING Alberta Treasury Branches RBC Royal Bank ANALYST COVERAGE Clarus Securit
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