Athabasca Oil Corporation · TSX:ATH
Athabasca Oil — Shareholder Meeting (2013)
26 slides from Athabasca Oil's shareholder meeting presentation, 2013
Slide 1: Nek A
A). Nek A ——l
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking information that involves various risks, uncertainties and other factors. All information other than statements of historical fact is forward-looking information. The use of any of the words “anticipate,” “plan,” “continue,” “estim
Slide 3: Corporate Overview
Athabasca Hydraulic Fracturing Operation at Simonette Corporate Overview
Slide 4: AOC – An Oil Resource Developer
AOC – An Oil Resource Developer Light Oil Thermal Oil [Athabasca Ownership] [Athabasca Ownership] North Caribou Muskwa Birch Birch Grosmont [100%] Grosmont [50%] South Muskwa Dover Dover West Dover Dover Red Earth West [40%] [100%] [100%] Grande Prairie Grand Rapids Pipeline Hangingstone Grande Hang
Slide 5: Corporate Profile
Corporate Profile $/Share Comments Shares Outstanding 419.8 million(1) FD shares at March 31, 2013 Current Market Capitalization $3.8 billion $ 9.09 Price at March 28, 2013 Cash, Cash Equivalents & $0.8 billion $ 1.80 At March 31, 2013 Short-Term Investments Potential Dover Put/Call Proceeds $1.3 bi
Slide 6: Leadership
Leadership Sveinung Svarte CEO 25 years experience Dover OpCo Bryan Gould Brent Heagy President CFO 30 years experience Don Verdonck 30 years experience Executive Senior VP, Dover Operating Corp. 35 years experience Rob Harding Ian Atkinson Rob Broen VP, Corporate Services Senior VP, Thermal Oil Sen
Slide 7: Athabasca 2012: A Year In Review
Athabasca 2012: A Year In Review Light Oil • Put / Call option • Joint Venture • Debt 7
Slide 8: Thermal Oil
Athabasca TAGD Facility Thermal Oil
Slide 9: Five Large Thermal Oil Assets
Five Large Thermal Oil Assets Contingent Resource (Best Estimate) 12 billion barrels 1.5 million acres (net) Grosmont 10 Carbonates Dover West 8 Carbonates Hangingstone 6 Contingent Birch Resource (Best Estimate) Sands 4 Dover West Sands 2 PetroChina JV (Dover) 0 Proved and Probable Reserves: 0.3 bi
Slide 10: Hangingstone Asset Overview
Hangingstone Asset Overview Resources 0.1 billion bbls Proved plus Probable Reserves(1), 0.9 billion bbls Contingent Resource(1) (Best Estimate) > 80,000 bbls/day production potential 23 delineation wells Regulatory Status Athabasca 100% interest Project 1 Project 1 Development Area - 12,000 bbls/da
Slide 11: Hangingstone Project 1 – Field Data
Hangingstone Project 1 – Field Data Project 1 Base Facility 12,000 bbls/d Central Processing Facility Design SOR 3.5 4 well pads each with 5 wells per pad $536 million development budget ($44,700 (Total 20 well pairs) per flowing barrel) and $27 million for supporting infrastructure Hangingstone Jan
Slide 12: Hangingstone Project 1 – Progress (March month end, 2013)
Hangingstone Project 1 – Progress (March month end, 2013) • On-track for Q4 2014 project Overall start-up • Detailed engineering on Engineering target with > 80% complete • All major equipment Procurement purchased with costs in line with budget • Construction underway at Construction site (~125 per
Slide 13: Dover West
Dover West Dover West Sands 0.1 billion bbls Probable Reserves(1) 2.9 billion bbls Contingent Resource(1) (Best Estimate) Development potential of ~ 270,000 bbls/d Dover West Carbonates Contains 17 billion bbls bitumen(2) in place (Best Estimate PIIP) 3.0 billion bbls Contingent Resource (Best Estim
Slide 14: Thermal Oil Long-Term Projects
Thermal Oil Long-Term Projects Birch Athabasca 50% interest Athabasca 100% interest Birch Grosmont Fort Fort McMurray McMurray 394,000 acres (net) 470,000 acres Resources Resources 0.4 billion bbls Contingent Resource(1) 2.1 billion bbls Contingent Resource(2) (Net, Best Estimate) (Best Estimate) Pr
Slide 15: Light Oil
Kaybob Light Oil Well Operation Light Oil
Slide 16: Light Oil
Light Oil AOC has accumulated > 2.8 million acres Light Oil in land sales and acquisitions North Muskwa Caribou South Muskwa Red Earth Grande Prairie Grande Prairie Kaybob 0 20km Saxon/Placid 16
Slide 17: AOC Light Oil Infrastructure
AOC Light Oil Infrastructure Keyera Simonette Gas Plant Kaybob East Kaybob Pipeline Interconnect Kaybob West 63 km Gas Pipeline Up to Saxon/Placid Gas Capacity 180 mmcf/d Total Battery Capacity Oil Capacity 36,000 bbl/d Future Developments Gas Capacity 48 mmcf/d 17
Slide 18: Montney & Nordegg Activity
Montney & Nordegg Activity Prospective Development Kaybob Saxon/Placid Montney Locations > 500 > 400 38° - 42° 43° - 46° Oil Quality API API Kaybob East Nordegg 39° - 42° 25° Oil Quality API API Kaybob West Saxon/Placid Athabasca Montney & Nordegg Acreage Athabasca Development Area and High-Graded M
Slide 19: April Production – Plant Interruptions Continue
April Production – Plant Interruptions Continue Keyera Gas Plant Shut Down 19
Slide 20: AOC Duvernay Activity
AOC Duvernay Activity AOC Duvernay Position: > 300 sections with 20+ metres of Net Duvernay Pay Prospective Development Saxon/ Placid/ Kaybob Simonette Duvernay Locations > 500 > 500 Kaybob Kaybob East West/Saxon 45° 55° - 56° Oil Quality API API Peak Oil Oil Window Condensate > 20m Isopach Wet Gas
Slide 21: Regional Duvernay Activity
Regional Duvernay Activity Athabasca Encana/PetroChina Husky Shell Talisman Chevron ConocoPhillips Licensed Duvernay Wells Drilled Duvernay Hz Completed Duvernay Hz > 20m Isopach excluding carbonate 21
Slide 22: Creating Value
Kaybob West Battery Creating Value
Slide 23: 2013 Look Ahead
2013 Look Ahead Athabasca’s milestones during this year include: Completed construction of the pipeline interconnect between Kaybob East and Kaybob Q1 West batteries Completed Light oil production averaged 6,100 boe/d with 56% liquids. Constrained by infrastructure interruptions Completed a 23-wel
Slide 24: Next Five Years
Next Five NextYears Five Years 2013 2014 2015 2016 2017 Light Oil Operating Rigs 7 9 12 15 18 Hangingstone Project 1 Thermal Oil Hangingstone Project 2 Dover West Sands Project 1 Dover West Sands Project 2 Dover West Leduc Pilot Scheduling Flexibility Development 24
Slide 25: North American Oil Pipelines
North American Oil Pipelines Existing infrastructure primarily devoted to North American Markets Strong Canadian production requires diversification to new markets Quebec City St. John Enbridge Pipelines and connections to the U.S. Midwest and Eastern Canada Kinder Morgan Express Kinder Morgan Trans
Slide 26: Questions & Answers
QUESTIONS & ANSWERS Athabasca TAGD Facility