Spyglass Resources Corp. - PrecisionIR
Spyglass Resources Corp. - PrecisionIR Spyglass Resources Corp. - PrecisionIR
Commodity Balanced Dividend-Paying Producer• Spyglass (TSX:SGL) is a cash distributing producer with a balanced commodityportfolio with a $0.0225 monthly cash dividend• Strong value potential with yield compression• Balanced commodity portfolio, a strong management team and a sustainable yieldmodel• 12-month production averaging ~18,000 boe/d (50% - 52% oil and liquids) (1)• Management team with a track record of creating shareholder value in a dividendmodel – familiarity with majority of the asset base• Mature, low decline (~20%) producing assets coupled with capital efficient light oildevelopment (~$25,000 / boe/d) provide the scale, stability and low-risk running roomto support a sustainable yield model• Spyglass is well positioned with strong financial flexibility• ~$107 million of available credit capacity (~30% availability)• Potential to monetize non-core assets with minimal impact on cash flow• Active hedging program used to manage volatility (target 50%-60% production)Spyglass has an extensive inventory of low-risk, high-return drilling opportunities(1) Based on management estimates for the first 12-months commencing on the closing date of the Merger.Spyglass Resources Corp.4
Experienced Management TeamSpyglass Management TeamTom Buchanan, FCA CEO & Director • 30+ years of experience in the oil and natural gas sector• Recently as President & CEO and Director of Provident Energy Trust• Co-founder, President & CEO of Founders Energy Ltd., which was converted to Provident Energy Trustin 2001• Currently a Director of Pembina Pipeline Corporation, Athabasca Oil Corp., and Hawk Exploration LtdDan O’Byrne, P.Eng, MBA President & COO • 30+ years of diverse experience in the oil and natural gas sector• Recently as Executive VP & COO of Provident Energy Trust• Served as Division VP for Nexen Inc. and numerous executive positions with Canadian OccidentalMark Walker, CMA Senior VP Finance & CFO • 23+ years of experience in oil and gas finance and accounting• Recently as Senior VP Finance & CFO of Provident Energy TrustKelly CowanJohn Milford, M.Sc.Dan Fournier, Q.C.Senior VP CorporateDevelopment & LandVP Exploration &DevelopmentGeneral Counsel &Corporate Secretary• 30+ years of experience in the oil and gas sector• Recently as CEO of Churchill Energy Inc.• Co-founder, SVP & COO of Founders Energy Ltd., which was converted to Provident Energy Trust in2001• 30+ years of experience as a petroleum geologist• Founded and served in a Director / Executive role for a number of private oil and gas companiesincluding Predator Corporation, Primal Energy, and Mojo Energy• 30+ years as a Partner with Blakes Calgary office, and is currently a member of Blakes energy financialservices group• Advised on the structuring of numerous private and public energy financingsFloyd Siegle, P.Eng, MBA VP Engineering • 36+ years of broad engineering experience in the oil and natural gas sector• Recently as Senior Manager Reserves and Evaluations at Provident Energy Trust• Previously Vice President Engineering at AJM Petroleum Consultants and various engineering positionswith progressively increasing responsibilities with major E&P companies• Currently serving on the board of directors of the Society of Petroleum Evaluation EngineersJohn Lamacchia VP Production • 30+ years of diversified experience in the oil and natural gas sector• Recently as VP Engineering & Operations and COO of Amarone Oil & Gas• Previously VP Engineering & Operations of Capitol Energy Resources Ltd.Bob Guy, P.Eng VP Operations • 30+ years of experience in the oil and gas sector• Recently as Vice President, Production Operations with AvenEx Energy Corp.Spyglass Resources Corp.5
- Page 1 and 2: Intermediate Sized, Commodity Balan
- Page 3: Why Spyglass?• Sustainable divide
- Page 7 and 8: Key Attributes & OutlookPro Forma O
- Page 9 and 10: Underpinning the Model - Low Declin
- Page 11 and 12: Pro Forma Reservesas at October 31,
- Page 14 and 15: Share PriceYield (MRA)Peer Benchmar
- Page 16: Corporate InformationTSX Listed: SG
Commodity Balanced Dividend-Paying Producer• <strong>Spyglass</strong> (TSX:SGL) is a cash distributing producer with a balanced commodityportfolio with a $0.0225 monthly cash dividend• Strong value potential with yield compression• Balanced commodity portfolio, a strong management team and a sustainable yieldmodel• 12-month production averaging ~18,000 boe/d (50% - 52% oil and liquids) (1)• Management team with a track record of creating shareholder value in a dividendmodel – familiarity with majority of the asset base• Mature, low decline (~20%) producing assets coupled with capital efficient light oildevelopment (~$25,000 / boe/d) provide the scale, stability and low-risk running roomto support a sustainable yield model• <strong>Spyglass</strong> is well positioned with strong financial flexibility• ~$107 million of available credit capacity (~30% availability)• Potential to monetize non-core assets with minimal impact on cash flow• Active hedging program used to manage volatility (target 50%-60% production)<strong>Spyglass</strong> has an extensive inventory of low-risk, high-return drilling opportunities(1) Based on management estimates for the first 12-months commencing on the closing date of the Merger.<strong>Spyglass</strong> <strong>Resources</strong> <strong>Corp</strong>.4
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