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February 2018
Catalysts for Growth
Multi-zone Horizontal Oil Drilling Opportunities
Strategic Partnerships | Large Acreage Position
Point LomaSnapshot
• Growth steps in first quarter of 2018
o Increased volumes from re-activations in Leaman and Thornbury
o Increased liquids volumes from deep cut processing facility
o Increased oil volumes from acquired properties
• Current Inventory
o Over 150,000 net acres, deep inventory of multi-zone horizontal oil drilling opportunities
o For 2018 Point Loma is preparing 3 development locations, 3 exploratory opportunities and 5
new pool opportunities that may lead to potential multiple follow-up opportunities
• Strategic Partnerships
o 19.9% shareholder Evenergy Company Ltd. (“Evenergy” subsidiary of Zhongcheng Group,
one of the largest privately owned petroleum, oil products and LPG distribution and retail
companies in China), working with Point Loma to develop a sizeable Canadian E&P business
o 20% WI partner, Salt Bush Energy Ltd. (“Salt Bush”) subsidiary of ASX listed White Bark
Energy Ltd.
2PLX:TSXV
TeamExperienced Governance & Energized Team
Board of DirectorsSteve Dabner, P. Geol., Chairman; Reserves & HSE Comm
• Madalena, Online, Moxie, Trimox.
Jianjun Cui, PhD Geoph.; Comp & Gov Comm, Reserves & HSE Comm
• Evenergy, Sinochem
Kevin Baker, Q.C.; Audit Comm; Comp & Gov Comm
• Century, Calfrac, Baycor, Conleymax
Doug Dafoe, CPA; Audit Comm
• Thunder, Ember, Xtreme
Jay Reid, LLB; Comp & Gov Comm
• BDP, director 19 public companies
Don Brown; Audit Comm; Reserves & HSE Comm
• Independent, Elkwater
Terry Meek – President, CEO
• Thunder, Ember, Woma, Carnaby, Encal
Gordon Cameron – Corporate Secretary
• McCarthy Tétrault LLP
ManagementTerry Meek, P.Eng. – President, CEO
• Bio in Board of Directors Section
Kevin Angus, P.Geoph., ICD.D – Vice President New Ventures
• Mustang, Painted Pony, Surge
Randall Boyd, CPA, CGA – Vice President Finance and CFO
• Deventa, Masters, Chieftan
Dan Boyko, P. Eng. – Vice President Engineering
• NAL, Open Range, POCO
Travis Brookson, P. Geo. – Vice President Exploration
• TAQA, Ravenwood, Spartan
Jamie Chisholm, P. Eng. – Vice President Operations
• LTA, Westfire, Birchcliff, CNRL
Brad Johnston, B.Comm. – Vice President Land
• Carnaby, Galleon, Nexen
Troy Wagner, P. Eng. MBA – Vice President Acquisitions and
Development
• BNK, ArPetrol, Triangle, NAL
3PLX:TSXV
Basic Shares Outstanding 55,130,773
Fully Diluted Shares Outstanding 59,720,773
Insider Ownership (Basic / Fully Diluted) 39% / 43%
Management Ownership (Basic / Fully Diluted) 5.6% / 10.3%
Market Capitalization (Basic)(1) $15,712,000
Convertible Debenture – Matures on June 28, 2021(2) $2,500,000
Management Average Cost – per share $0.55-0.59
Notes:
(1) Jan. 31, 2018 closing price per share
(2) Terms of convertible debenture - 3.0% interest with conversion price of $0.50 per share
TSXV – PLX
Share Price (Jan 31, 2018) $0.285
Capital Structure
4
Current production
Oil/Gas weighting
660 boe/d
25%/75%
• No Bank Debt
PLX:TSXV
Point LomaOverview and Strategy
• Point Loma has captured a significant
position on the highly prospective
multi-zone Mannville to Mississippian
fairway of West Central Alberta
• Over 150,000 net acres with
significant shallow to medium depth
horizontal drilling inventory (> 250 net
drilling opportunities)
• Consolidation acquisitions have been
at low industry metrics
• Growth strategy via organic drilling
across large land base and
opportunistic accretive acquisitions
• Working to unlock value for successful
exit strategy and generate
shareholder return
5
Leaman
Paddle River
Whitecourt
Wildwood
Westcove
LEAMAN
PADDLE RIVER
WHITECOURT
WILDWOOD
WESTCOVE
PLX:TSXV
Point LomaA History of Creative Deals That Add Value
• Paddle River Assets – July 2016
o $2.5M shares and $3.0M Debenture,
$14,000/boepd, $3.76/boe TP
o 135 boepd increased to over 400 boepd
by Sep. 2016
o Re-connected to new facility to unlock
potential value
• Ascent Energy – January 2017
o $0.5M shares, $12,500/boepd, $4.85/boe
TP
• Whitecourt Assets – February 2017
o $1.8M shares, $3,950/boepd, $0.78/boe
TP
o Additional suspended previously
producing wells of approx. 640 boepd
with plans to reconnect in 2018 to unlock
potential value
• Paddle River Assets – August 2017
o Suspended wells purchased for $0.3M
o Re-activate key well Nov. 2017
o Adds further horizontal drilling
opportunities
• Paddle River Assets – November 2017
o Two transactions for $0.4M consolidate
area development
o Improves facility optimization
o Adds further horizontal drilling
opportunities
6PLX:TSXV
Point Loma2018 Focus Opportunities
7
PADDLE RIVER• Horizontal Mannville
oil development
• Water injection/
process optimization
LEAMAN• Upper Mannville &
Jurassic HZ oil
WEST COVE• 3D Seismic
• Nordegg oil
development
• Banff oil exploration
WILDWOOD• Lower Mannville
exploration
opportunities
LEAMAN
PADDLE RIVER
WILDWOOD
WESTCOVE
PLX WI
Recompletions
Locations
PLX:TSXV
Multi-zone Oil and Liquids Rich Gas FairwayUpper Mannville Inventory
Blackspur
Bonavista
Tourmaline
Cenovus
Cardinal
Vermillion
Petrus
Industry
Success
Significant Horizontal Opportunity Base
Zone Bypass drilling
Opportunities (1)
Follow-up
Opportunities(1)
Glauconite 17 104
Other Upper
Mannville
15 90
Assumptions
Drill - $1.1M
Complete - $0.9M
Tie-in - $0.3M
20 stage frac,
20t/stage
(1)See Disclaimers for additional definitions of locations and opportunities. Follow up
opportunities are wells on industry standard spacing that may result from a successful
drilling opportunity.
Months Months
18 Regional Horizontal Wells – Oil and Gas Production By Well
• Over 5,500 well penetrations in
the area have identified our
bypass opportunities
8
OIL - bpd GAS - mcfd
PLX:TSXV
Multi-zone Oil and Liquids Rich Gas FairwayLower Mannville Inventory
Industry
Success
Significant Horizontal Opportunity Base
• Over 5,500 well penetrations in
the area have identified our
bypass opportunities
(1)See Disclaimers for additional definitions of locations and opportunities. Follow up
opportunities are wells on industry standard spacing that may result from a successful
drilling opportunity.
Assumptions
Drill - $1.1M
Complete - $0.7M
Tie-in - $0.3M
15 stage frac,
6t/stage
Blackspur
Bonavista
Tourmaline
Cenovus
Cardinal
Vermillion
Petrus
Zone Bypass drilling
Opportunities (1)
Follow up
Opportunities(1)
Ostracod 19 121
Ellerslie 5 30
Months Months
6 Regional Horizontal Wells – Oil and Gas Production
9
OIL - bpd GAS - mcfd
PLX:TSXV
Multi-zone Oil and Liquids Rich Gas FairwayJurassic Inventory
Industry
Success
Significant Horizontal Opportunity Base
Zone Bypass drilling
Opportunities (1)
Follow-up
Opportunities(1)
Rock Creek 3 18
Nordegg 8 58
(1)See Disclaimers for additional definitions of locations and opportunities. Follow up
opportunities are wells on industry standard spacing that may result from a successful
drilling opportunity.
Sinopec
Surge
New Star
LongRun
Assumptions
Drill - $1.1M
Complete - $0.6M
Tie-in - $0.3M
Acid stimulation
37 Regional Horizontal Wells – Oil and Gas Production
• Over 5,500 well penetrations in
the area have identified our
bypass opportunities
Months Months
10
OIL - bpd GAS - mcfd
PLX:TSXV
Duvernay West Shale Basin Land Position on Emerging Play
• Point Loma has 16,524 acres (13,105 net) prospective Duvernay rights
• Recent land sale activity surrounding Point Loma land base
• Horizontal exploration well currently being drilled adjacent to Point Loma land
Point Loma Map Area
West Shale Basin
East Shale Basin
Edmonton
Red Deer
2017 – Jan 24th 2018 Duvernay land sales
March 2018 upcoming crown posting
PLX Duvernay WI
11
Duvernay Exploration Drill
PLX:TSXV
Acquired 12-4Hz, producing
to PLX system.
PLX plans to re-enter and
complete 02/1-32 Hz in H1
2018.
Point Loma has entered into
agreements to acquire
additional lands; now 80%
WI in lands.
4-31Hz is being converted
to water injection as part of
our full field development.
Up to 12 (9.6 net) potential
horizontal development
opportunities.
Paddle River AcquisitionsConsolidation of Area WI for Mannville Light Oil
12
02/1-32Hz sidetrack plan16-29Hz PUD location4-31HzHz unbooked opportunity
Ostracod A Pool
Cum oil: 540 mstb
Cum gas: 3.0 Bcf
Paddle River FacilitiesOptimization Plan
Facility plan
• Construct central tankage, treating for
Paddle River lower Mannville oil
development.
• Re-route gas to deep cut facility and
increase NGL output.
• Add flowline capacity.
• Utilize existing well as water injector
• Save on emulsion/water trucking
• Support reservoir pressure.
Results
• Additional development of the
area could result in significant
savings.
• Increased revenues from ngl’s.
• Improved netbacks on future
drilling.
13PLX:TSXV
West Cove DevelopmentNordegg Oil and Gas Development and Banff Oil Exploration
5-31Hz recompletion confirms
upper section Nordegg oil/gas.
Planned follow-up Nordegg Hz well
with +15 potential development
opportunities.
PLX has recently purchased a trade
3D and is permitting to acquire new
3D data to de-risk upcoming
Nordegg drilling and will also be
analyzed to better understand the
potential in the Banff formation.
14
3D trade seismic
Banff pool
Nordegg pool
PLX new 3D
5-31 Hz
Paddle River FacilityRe-activation Plans and Increased NGL Recovery
Previously suspended production
targeted for re-activation in 2018.
Approximately 1.5 mmcfd (net) additional
volume and estimated incremental 100
bpd NGL’s.
Phases 1 & 2 targets for March on-
stream date. Phase 3 & 4 planned for
balance of 2018.
15
Previously producing wells
PHASE 1
PHASE 2
PHASE 3
PHASE 4
PLX:TSXV
Leaman Upper Mannville and Jurassic oilHorizontal Oil Drilling Opportunities
16
PLX has recently acquired section 27 for
potential in an Upper Mannville oil trend.
and plans to drill initial well in 2018 with up
to 20 potential follow-up opportunities.
A Jurassic oil opportunity has also been
identified in the area with vertical production
indicating potential for horizontal drilling
opportunities.
48 mstb, 0.9 BCF
1.0 BCF
U.Mann sand
Jurrasic channel
Drilling opportunity
PLX:TSXV
Wildwood Lower MannvilleNew Oil Opportunity
Point Loma has acquired lands with
indicated oil potential.
Ostracod sand has produced 3 mbbls
in Section 17 from vertical producers.
Hz opportunity identified with potential
for several follow-up opportunities.
17
Ostracod sandstone with 6 m > 9% porosity
L.Mann. sand
Drilling opportunity
PLX:TSXV
Wildwood Lower MannvilleTwo Zone Oil Opportunity
15-10-54-9W5 Hz exploration well is
licensed offsetting vertical well with oil
shows in Ostracod sand.
Current interpretation of pool size supports
up to 10 potential follow-up opportunities.
Additional opportunity to develop oil-
charged Ellerslie channel trend keying off
15-3 producer.
18
Ostracod sand
Ellerslie channel
Drilling Opportunity
15-10 Hz PLX License
15-3 Vertical Produced 17 mbbls of Light Oil from Ellerslie
PLX:TSXV
Stacked Mannville sands
are prospective throughout
the Whitecourt area.
Horizontal development and
vertical recompletions
identified targeting gas and
liquids.
Nordegg oil, Pekisko oil
potential.
35% WI in gas processing
facility provides economic
advantage. Excess plant
capacity estimated at 20-25
mmcfd.
WhitecourtHorizontal Oil and Gas Opportunities
19
Upper Mannville Trends
Pekisko Oil Trend
Point Loma WI
PLX:TSXV
ThornburyQ1 2018 Re-activation Opportunities Allow for Cost Effective Growth
Current production of 500 mcfd net, 80% WI
in gas compression facility.
Q1 2018 phase 1 approved plan re-activate
1.2 mmcfd net, net capital $0.4M.
Q1 2018 will also recomplete 4 wells, $0.1M
net capital.
Phase 2 proposed plan re-activate 0.6
mmcfd and 2.0 mmcfd 3rd party gas, 2019
opportunity.
Phase 1
Phase 1
Algar 12-28
Compressor
20
Phase 2
Why Point Loma (PLX)?Production Growth, Large Oil Drilling Inventory, Strategic Partnerships
21
• Growth steps in first quarter of 2018
o Increased volumes from re-activations in Leaman and Thornbury
o Increased liquids volumes from deep cut processing facility
o Increased oil volumes from acquired properties
• Current Inventory
o Over 150,000 net acres, deep inventory of multi-zone horizontal oil drilling opportunities
o For 2018, Point Loma is preparing 3 development locations, 3 exploratory opportunities and
5 new pool opportunities that may potentially lead to multiple follow-up opportunities
• Strategic Partnerships
o 19.9% shareholder Evenergy Company Ltd. (“Evenergy” subsidiary of Zhongcheng Group,
one of the largest privately owned petroleum, oil products and LPG distribution and retail
companies in China), working with Point Loma to develop a sizeable Canadian E&P
business
o 20% WI partner, Salt Bush Energy Ltd. (“Salt Bush”) subsidiary of ASX listed White Bark
Energy Ltd.
PLX:TSXV
Contact Information
Head Office2000, 350 – 7 Avenue SW
Calgary, Alberta T2P 3N9
403-705-5051
Contacts Terry Meek,
President, CEO
403-705-5051, e444
Kevin Angus,
Vice President, New Ventures
403-705-5051, e440
Randall Boyd,
Vice President Finance, CFO
403-705-5051, e443
Corporate Services
Legal Counsel
McCarthy Tétrault
Reserve Evaluators
McDaniel &Associates
Consultants Ltd.
Auditors
KPMG LLP
Transfer Agent
Computershare Investor
Services
22PLX:TSXV
Disclaimers
Forward-Looking Statements
Certain statements contained in this presentation may constitute forward-looking information and statements. Forward-looking information and
statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may",
"will", "could", "project", "predict", "propose", "potential", "targeting", "intend", "could", "might", "should", "believe", "budgeted", "scheduled" and
"forecasts", and similar expressions and variations (including negative variations). All statements in this presentation, other than statements of
historical fact, that address events or developments regarding Point Loma Resources Ltd. (the “Corporation” or “PLX”) that PLX expects to occur,
including, without limitation, management's assessment of future plans and operations, the potential benefits to be derived from proposed
transactions, future acquisitions, timing of drilling, completion and tie-in of wells, cash flow projections, pricing assumptions, productive capacity of
new wells, productive capacity from reactivations, processing facilities and acquired properties, expected production rates, drilling success rates,
expected operating rates, facility plans including the anticipated results thereof, development, exploration, pool and drilling opportunities including
the anticipated results thereof, re-connection plans, facility optimization, expected licensee liability ratings and dates of commencement of
production, may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation,
risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, applicable royalty rates and tax laws, imprecision of reserve estimates, environmental risks, competition
from other producers, inability to retain drilling rigs and other services, availability and cost of labour and services, unexpected decline rates in
wells, wells not performing as expected, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient
capital from internal and external sources, natural gas and oil tax incentives and deductions, hydraulic fracturing and climate change, and losses
possible from any pending or future litigation. Many of these estimates and assumptions are based on factors and events that are not within the
control of PLX and there is no assurance they will prove to be correct. As a consequence, actual results may differ materially from those
anticipated in the forward-looking statements throughout the presentation. Readers are cautioned that the foregoing list of factors is not exhaustive.
Additional information on these and other factors that could affect the Corporation's operations and financial results will be included in financial
reports. Furthermore, the forward-looking statements contained in this presentation are made as at the date of this presentation and the
Corporation 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 otherwise, except as may be required by applicable securities laws.
PLX:TSXV 23
Disclaimers
Oil & Gas Disclosures
Barrel of oil equivalents or BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy
equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the
value ratio based on the current price of crude oil as compared to natural gas is significantly different than the energy equivalency of the 6:1
conversion ratio, utilizing the 6:1 conversion ratio may be misleading as an indication of value.
References in this document to production test rates, initial test production rates, and other short-term production rates are useful in confirming the
presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline
thereafter and are not indicative of long term performance or of ultimate recovery. Additionally, such rates may also include recovered "load oil"
fluids used in well completion stimulation. While encouraging, readers are cautioned not to place reliance on such rates in calculating the
aggregate production for PLX. A pressure transient analysis or well-test interpretation has not been carried out in respect of all wells. Accordingly,
the Corporation cautions that the test results should be considered to be preliminary.
This presentation discloses drilling locations in two categories: (i) proved locations; and (ii) potential drilling opportunities. Proved locations, which
are sometimes collectively referred to as “booked locations”, are derived from the Corporation’s most recent independent reserves evaluation as of
December 31, 2016 and account for drilling locations that have associated proven reserves, as applicable.
Potential drilling opportunities are internal estimates based on the Corporation’s prospective acreage and an assumption as to the number of wells
that can be drilled per section based on industry practice and internal review. Potential drilling opportunities do not have attributed reserves or
resources. The Corporation has, based on the December 31, 2016 reserve report and management's current internal estimate, 3.4 net proved
locations and 70 identified potential drilling opportunities. Potential drilling opportunities have specifically been identified by management as an
estimation of our multi-year experience in drilling activities based on evaluation of applicable geologic, seismic, and engineering, production and
reserves data on prospective acreage and geologic formations. The drilling locations on which we actually drill wells will ultimately depend upon
the availability of capital, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results and other factors. While
certain of the potential drilling opportunities have been de-risked by drilling of wells by the Corporation or other operators in close proximity to such
potential drilling opportunities, the majority of other potential drilling opportunities are farther away from existing wells where management has
less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations
and, if drilled, there is more uncertainty that such wells will result in additional oil and gas reserves, resources or production.
Type wells indicated herein are estimates based on common industry practices of reviewing analogous wells in reasonable proximity to the drilling
opportunities and defining a ‘type well’ by averaging production of the analogous wells for the first 24 months, or longer, as available from public
sources. These type wells have been prepared by a qualified reserves evaluator or auditor and do not represent ‘reserves’ as defined by NI 51-
101. Well economics associated with these estimates are based on certain assumptions made by management based on current pricing, costs,
royalties, and are not intended to provide an estimate of future performance of wells or an estimate of reserves. 24