Crown Point Energy, Inc. · TSXV:CWV.H
Crown Point Energy — Investor Presentation (July 2015)
22 slides from Crown Point Energy's investor presentation, July 2015
Slide 1: Exploration and Production Growth in Argentina
TSX.V : CWV Exploration and Production Growth in Argentina CORPORATE PRESENTATION July 2015
Slide 2: Advisories
Advisories ▶ 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: our belief that Crown Po
Slide 3: Advisories
Advisories ▶ 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 d
Slide 4: Why Argentina
Why Argentina ▶ Revitalized petroleum industry ▶ Underexplored and underexploited resources ▶ Net importer of oil and gas ▶ Government encouraging new Neuquén Basin (Cerro de Los Leones) development and exploration • Favorable New Gas Subsidy Program TGS San Martin pipeline • Regulated oil prices –
Slide 5: High Potential Asset Base
High Potential Asset Base ▶ Austral Basin (Tierra del Fuego) 25.78% working interest • Core producing asset (Q1 2015 average production of 1,499 boepd; • 126,000 net acres (489,000 gross) • Strong inventory of 3D seismically defined Neuquén Basin (Cerro de Los drilling locations Leones) • Concession
Slide 6: Our Growth Platform
Our Growth Platform ▶ Tierra del Fuego • Conventional – generate repeatable growth from our core Neuquén Basin (Cerro de Los ▶ Cerro de Los Leones Leones) • Conventional upside – high impact exploration ▶ Consolidation/acquisition ▶ Maintain a strong balance sheet 1,000 km Austral Basin (Tierra del
Slide 7: Tierra del Fuego – Las Violetas Concession
Tierra del Fuego – Las Violetas Concession ▶ Extensive drilling inventory ▶ Recent well IP90 rates – 1 to 3 Rio Cullen mmcf/d plus liquids* ▶ Drilling depths: 1,700 - 2,300 m ▶ US $3.5–4 million (gross) per well to drill, case, complete, frac and tie-in Angostura ▶ Extensive 3-D coverage: 900 km2 Sa
Slide 8: Tierra del Fuego – Development Strategy
Tierra del Fuego – Development Strategy ▶ Goals • Focus on low risk in fill and step out drilling on established producing pools, pursue exploration upside • Generate higher revenues: increase gas production qualifying Rio Chico Gas Facility for higher unit prices (as a result of the New Gas Subsidy
Slide 9: Building Reserves and Cash Flow
Building Reserves and Cash Flow ▶ 14-Well Tierra del Fuego Drilling Program Rio Cullen • 8 development (8 complete, 4 on production) • 4 re-completion (4 complete, 2 on production) • 2 exploration (2 complete, 1 on production, 1 on long term test) ▶ 2015 Five-Well Follow-up Program Angostura • Vario
Slide 10: Building Reserves and Cash Flow
Building Reserves and Cash Flow ▶ Q2 2015 Seismic Acquisition Program Rio Cullen • Total of approximately 210 km2 completed • Rio Cullen Concession: 58 km2 • Angostura Concession: 49 km2 • Las Violetas Concession (Los Flamencos gas pool, eastern extension): 103 km2 Angostura San Sebastian Las Violet
Slide 11: Building Production – Prospective Springhill Formation Fairway
Building Production – Prospective Springhill Formation Fairway Rio Chico Gas Facility Los Flamencos Rio Grande Town Site San Luis SLx-1004 San Luis New Pool Discovery San Luis Gas Plant 11
Slide 12: Las Violetas Block – Fields
Las Violetas Block – Fields ▶ Puesto Quince Discovery • Prospective area approximately 50 km2 • Analogous to Los Flamencos and Las Violetas Oil Pool Los Patos pools* Las Violetas LV-112 Gas Pool • PQ x-1001 well is located 5 km from Crown Point’s oil and gas processing facilities at Rio Chico Puesto
Slide 13: Exploration Wells
Exploration Wells ▶ San Luis • SL x-1003 drilled on a separate fault block adjacent to San Luis Springhill gas pool • Well is a new pool discovery; tied-in to San Luis Gas Plant and placed on production end- 2014 Rio Grande Town Site • SL – 1004 drilled in Q2, completion and fracture stimulation is
Slide 14: La Marina Compression Plant
La Marina Compression Plant Turbo Compressor La Marina Compression Plant Control Panel House ▶ Capable of 105 mmcf/d to San Martin pipeline ▶ Owned by JV (CWV working interest 25.78%) 14
Slide 15: Cerro de Los Leones – Targeting Conventional Oil and Gas
Cerro de Los Leones Targeting Conventional Oil and Gas 15
Slide 16: Cerro de Los Leones – North Neuquén Basin
Cerro de Los Leones (100%WI) – North Neuquén Basin ▶ High impact exploration ▶ Proven productive region with excellent access ▶ Unconventional shale resource Cerro de Los Leones Pampa Palauco potential in the Vaca Muerta while Cajón de los Caballos drilling conventional targets Andes Mountains Neuqu
Slide 17: Cerro de Los Leones – Exploration Potential
Cerro de Los Leones – Exploration Potential ▶ 3-D seismic has been reprocessed and La Hoyada data is being integrated into ongoing reinterpretation Puesto Rojas 23 mmbbls of oil produced to date Llancanelo ▶ Capital plans Q3 and Q4 2015: from 6 wells* OOIP 2 billion bbls of heavy oil* • Re-enter and
Slide 18: Capitalization
Capitalization As at July 29, 2015 Closing price $0.13 Shares outstanding 164 million Market cap Cdn $21.4 million As at March 30, 2015 Working capital(1)(2) US $.8 million Debt (Argentine Peso denominated) (1)(2) US $4.2 million Average Tierra del Fuego production – Q 1 2015(3) 1,499 boepd Average
Slide 19: Management
Management Murray D. McCartney Arthur J.G. Madden President & CEO, Director Vice President Finance & CFO ▶ More than 34 years petroleum industry ▶ 40 years of petroleum industry experience in both experience in both public and private public and private companies companies ▶ Previously VP, Finance a
Slide 20: Board of Directors
Board of Directors Gordon Kettleson – Non-Executive Chairman Keith Turnbull, CA ▶ Founding Director and previous CEO of ▶ Former member of KPMG’s executive Crown Point management committee and former Office Managing Partner for KPMG’s Calgary office ▶ CEO of Interwest Enterprises Denny Deren Pablo B
Slide 21: Investment Highlights
Investment Highlights ▶ Operating in Argentina’s revitalized petroleum industry • Favorable New Gas Subsidy Program • Foreign investment incentives • Production growth supported by extensive infrastructure ▶ Growing conventional production ▶ Pursuing high-impact conventional and unconventional growt
Slide 22: TSX.V : CWV
POINTwescy inc. A South American Energy Company TSX.V : CWV
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