Eagle Energy Inc. Investor Fact Sheet
TSX: EGL | February 2016
About Eagle
Eagle is an oil and gas energy corporation created to provide investors with a sustainable business while delivering stable production and overall growth through accretive investments and acquisitions. Eagle’s shares are traded on the Toronto Stock Exchange under the symbol “EGL.” Eagle’s strategy is to acquire and exploit conventional long-life hydrocarbon reserves in certain established production basins in North America. Eagle owns stable, oil producing properties with development and exploitation potential in Canada and the United States.
On January 27, 2016, Eagle acquired Maple Leaf Royalties Corp. (“Maple Leaf”) by way of plan of arrangement (the “Arrangement”) and converted into a
corporation called “Eagle Energy Inc.” For more information, see Eagle’s news release’s issued on November 20, 2015, and January 27, 2016.
EXPERTISE Eagle combines innovation, expertise and opportunity to
create wealth for investors
Eagle targets petroleum assets that have attractive metrics for:
Post acquisition growth, followed by long term stability
Strong returns on capital
Sustainable cash flows to underpin dividends
$- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00
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$5.95
$7.10
$7.92
$9.31
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$11.00
$11.30
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$11.98
$12.99
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$17.68
$20.96 $21.71
$22.14
$23.55
$24.15
$28.06
$29.77
$36.42
Our Properties
Eagle owns stable, oil producing properties with devel-
opment and exploitation potential located in Canada
(Alberta) and in the US (Texas and Oklahoma).
Twining Field Properties, AB:
- Located in the Pekisko oil pool formation in the Twining field in East-Central Alberta - 92 gross (48 net) producing wells - Approximately 41,502 gross (32,650 net) acres
Dixonville Properties, AB:
- Non-operated - Located 50 kms northwest of Peace River - 110 gross (55 net) producing oil wells - 80 gross (40 net) water injectors - 18,000 acres
Salt Flat Properties, TX:
- Located in the Salt Flat field in Caldwell County, TX - 56 gross (42 net) producing wells - 19 gross (13 net) non producing wells - 3,300 (2,700 net) acres
Hardeman Properties, TX & OK:
- Located in the Hardeman Basin in Hardeman County,
TX, and Greer, Harmon and Jackson Counties, OK
- 47 gross (37 net) producing wells
- 14 gross (13 net) non-producing
- 79,000 acres
Q3 2015 Field Netback ($/BOE) (Junior & Intermediate Comparison)
Source: Company reports; Acumen Capital Partners. - Field netback is a non-IFRS measure, calculated by subtracting royalties, operating costs and transportation from revenue. - Based on the three months ended September 30, 2015. Natural gas converted at 6:1.
Revised 2016 Guidance(1)
Capital Budget $5.0 MM
Working Interest Production 3,200 to 3,600 boe/d
Operating Costs per month $2.2 to $2.6 MM
Funds Flow from Operations $12.6 MM
Debt to Trailing Cash Flow 5.0x
Field Netback (excluding Hedges) $12.32/boe
Notes:
(1) See Eagle’s News Release dated February 11, 2016, “ Eagle Energy Inc. Reduces 2016 Capital Budget, Trims Monthly Dividend and Adds Short-Term Hedges,” for assump-tions, risk factors and cautions that pertain to Eagle’s 2016 guidance and other forward-looking information in this fact sheet.
Inc.
Eagle Energy Inc.
Investor Fact Sheet
February 2016
Management Team________
Richard W. Clark
President, Chief Executive Officer
and Director
J. Wayne Wisniewski
Chief Operating Officer
Kelly A. Tomyn
Chief Financial Officer
Eric C. McFadden
Vice President, Capital Markets &
Business Development
M. Scott Lovett
Vice President, Corporate & Business Development
Jo-Anne M. Bund
General Counsel/Corporate Secretary
Directors________________
David M. Fitzpatrick
President and Chief Executive Officer
Veresen Midstream
Bruce K. Gibson
Former Vice President and Chief Financial Officer
Shiningbank Energy Income Fund
Warren D. Steckley
Former President, Chief Operating Officer and Director
Barnwell of Canada Limited
Richard W. Clark
President, CEO and Director
Eagle Energy Inc.
Analysts________________
Acumen Capital Partners
Paradigm Capital
Scotiabank Global
TSX: EGL
Calgary Office Houston Office
Eagle Energy Inc. Eagle Hydrocarbons Inc.
Suite 2710, 500 - 4th Avenue SW Suite 3005, 333 Clay Street
Calgary, Alberta T2P 2V6 Houston, Texas 77002
QUALITY Eagle owns and operates in petroleum producing areas in Canada and
the U.S. with stable production
Eagle seeks to acquire and develop assets with sustainable cash flows and low risk
unexploited potential. Eagle manages its capital spending and dividends to deliver
moderate but sustainable growth.
Production History & Forecast (boe/d)
INCOME Eagle’s assets have attractive metrics for sustainable cash flows that
underpin dividends
Eagle strives to deliver sustainable monthly dividends to its shareholders.
Eagle’s current dividend is $0.01 per share per month ($0.12 annualized).
Notes:
(1) Q4/14 production is after the Permian asset disposition and before the Dixonville asset acquisition.
(2) 2016 guidance on the chart is the mid-point of the full year 2016 working interest production guidance range and includes working interest production from the acquisition of Maple Leaf (but excludes royalty interest production).
(3) Including the January 2016 acquisition of Maple Leaf, which adds approximately 235 boe/d of royalty interest production (30% oil and liquids) and 161 boe/d of non-operated working interest production (30% oil and liquids) to Eagle’s 2016 average production.
• Current working interest production of 3,850 boe/d(3)
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