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Delphi Energy Corp
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2015 EPAC Oil & Gas Investor Showcase
| David Reid | Page 6 of 11 |
November 23, 2024
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"2015 EPAC Oil & Gas Investor Showcase"
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BIGSTONE CONDENSATE-RICH MONTNEY Bigstone Montney the driver of significant growth Production Q4 2014 Production (31% Oil/NGLs) 12,035 boe/d Q4 2013 Production (28% Oil/NGLs) 8,988 boe/d Growth Rate 34% Reserves December 31, 2014 GLJ Proved plus Probable 74.4 mmboe December 31, 2013 GLJ Proved plus Probable 61.7 mmboe Growth Rate 21% Balance Sheet Net Debt December 31, 2014 $173.7 million Shares Outstanding 155.5 million Market Capitalization $221 million Enterprise Value $391 million 138 gross sections with a drilling inventory of 4 to 6 laterals per section Payout achieved on 5 wells (6 to 18 months) with production rates at payout of 500 -700 boe/d Built an 8,000 boe/d asset on net capital of $80 million Forecast average Montney production growth of 10 - 15% in 2015 over 2014