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Corporate Presentation July 2015 Our job - PowerPoint PPT Presentation

Corporate Presentation July 2015 Our job is to create shareholder value Integrity and ethical behavior are essential to success Sound ethics and shareholders interests are compatible


  1. Corporate Presentation July 2015 �������� ��������

  2. � Our job is to create shareholder value � Integrity and ethical behavior are essential to success � Sound ethics and shareholders interests are compatible � It is okay to be wrong: own it, accept it, learn from it � Embrace adversity, it is a difficult business � Diversity of skill-sets within the team are critical to success � Loyalty, performance and achievement are recognized � Top decile performance in all categories is the goal � Full cycle Corporate IRR is what measures our success � ��������

  3. Publicly listed junior oil and gas company TSX: YGR Shares Outstanding (post financing) Basic 67.7 million Options (weighted average $1.84) 6.3 million Fully Diluted 74.0 million Insider Ownership 14%/21% Basic/Fully Diluted Market Capitalization (at $1.18/share) $80 million Q1 Net Debt (adjusted for financing) $40 million ($90 million in ATB credit facilities) Enterprise Value (adjusted for financing) $120 million 2015 Q1 net debt to Q1 annualized cash flow 1.1 : 1 (adjusted for financing) Proved Developed @ Dec 31, 2014 (NPV10) 5.8 mmboe / $99.6 million Total Proved @ Dec 31, 2014 (NPV10) 20.5 mmboe / $225.4 million Proved plus Probable Reserves @ Dec 31, 2014 (NPV10) 37.4 mmboe /$395.1 million NAV / Share (with no undeveloped land value) @ Dec 31, 2014 $4.98 � ��������

  4. Management Team Randall Faminow, VP, Land Jim Evaskevich, President & CEO � � 30+ years of experience in all aspects of oil and gas land work, 30+ years extensive executive experience with strong including negotiation, acquisitions and divestments, contracts operations background and mergers James Glessing, CA, CFO Lorne Simpson B.Sc., C.E.T., VP, Operations � 15+ years oil and gas accounting experience � 30+ years experience in the industry � Executive and financial experience as CFO with North Peace � Supervisor, Drilling Ops with PetroBakken Energy Ltd. Energy Corp � Engineered, drilled or completed 250 HZ Cardium � Controller at BlackRock Ventures, wells, 200 HZ Bakken wells, 2 HZ Duvernay wells, 25 � Canadian Natural Resources, Shell and Deloitte HZ Montney wells, and dozens of Blue Sky, Viking, SWS, Glauc, and Rock Creek HZ wells Board of Directors Gordon Bowerman Neil Mackenzie � � Chairman Director of various public companies, including Canyon � President of Cove Resources Ltd Technical Services � � Founder of several successful private and public oil Currently a partner in Blackstone Fluids, an oil and gas and gas companies drilling fluids company Robert Weir Ted Morton � � President of Weir Resource Management Ltd A former Canadian politician and cabinet minister in the Alberta government � Has held various positions in the Alberta Government Jim Evaskevich included Minister of Energy (2011-2012), Minister of � President and CEO of Yangarra Resources Ltd Finance and Enterprise (2010-2011), and Minster of Sustainable Resources (2006-2010) � ��������

  5. ������������������ ������������������ 80% 70% 60% 50% IRR 40% 67% 65% 30% 20% 41% 34% 33% 31% 27% 26% 24% 10% 12% 0% 2010 2011 2012 2013 2014 1. Half cycle IRR is based on actual drilling and completion costs, production to date and P+P reserves. 2. Full cycle IRR allocates all other capital costs to the wells (i.e. land, G&G, infrastructure) � ��������

  6. $6,000 $5,000 473 498 $4,000 1,807 373 Equip 298 $3,000 Complete 1,792 1,376 273 Drill 1,187 1,134 $2,000 2,832 2,134 2,088 $1,000 1,808 1,563 $0 2010 2011 2012 2013 2014 � ��������

  7. 2015 First Quarter Production 2,642 boe /d Liquid Content 44% Sales Price $ 30.08 /boe Royalty income 0.26 / boe Royalty expense (1.68) / boe Production costs (6.34) / boe Transportation costs (1.28) / boe Field Operating netback $ 21.05 / boe Commodity contract settlement 22.95 / boe Operating netback $ 44.00 / boe G&A and other (excludes non-cash items) (2.16) / boe Finance expenses (3.92) / boe Cash flow netback $ 37.93 / boe � ��������

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  11. 50,000,000 4,000 40,000,000 (Cashflow) 3,000 (mboe) 30,000,000 2,000 20,000,000 1,000 10,000,000 Cashflow Production 0 0 2010 2011 2012 2013 2014 �������� ����������� ���!"��� ���$� ��!"����%� ���&"��� ���#� �������� ����� �������� ����� �������� ����� ����� �������� ����� �������� ����� �� �� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� �� ��������

  12. ������������������� ������������������������������� ��'��� ��� ��� ��'��� ��� (�� ��'��� )*+,! ��� ��'��� )�������-�! ��� � � ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ������������������������������� ������������������� ��� ��'��� ��� ��'��� ��� ��(. ��'��� ��� �/0 �0)� ��'��� ��� �0� � � ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� � Replaced 2013 production by 1,887% (614% in 2012) � Finding and development recycle ratio of 3.55 times on P+P reserves � Finding and development costs of $11.92/boe on proved plus probable reserves � Reserve life index of 34 years � Future development costs of $297 million �� ��������

  13. Central Alberta � Interest in 140 sections of land � 85 + horizontal wells drilled since 2010 � Focus � Cardium and Glauc plays ������� �������� � Light oil "���������#���� � ��������������� ���� High netback $������ ����!��� � Quick payouts ������� �� �������� ��������

  14. Colorado Group 650m thick Cardium �� � Vertical production Second White Specks ��� exists in all zones Viking �� � All zones meet the criteria for horizontal drilling Glauconitic ��� Ellerslie ��� Rock Creek ��� Duvernay �� �������� ��������

  15. � � � � � � ����� � � � � � � � ��������������������� � ��� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � ����������� ������������� �� ��� ��� � � � � ����������������������������� � � � � ��� � � � � � � � ����������� ����� � � � �� � � ��� � � ��� � � � ����������� ����� ������� ������ ��� ��������������������� ����������� � � ����������� ��� � � � � � ����������� ��� �� ��������������� ����������� �� 0!1!+� ��� !""$ ��� )��/!*&� !""$ ���������������� ��������234$ !""�#�$!�%���&!����'���(����� *���������" *�������1�$ *��������&���+/ #'���)���*�+' ,�&!�������-��-�� �*�"!�.�������� )��/!*&���%+&�&"!� ��5�+1 ��� ��6��7����8+�0�+�$ ����0�+�9�� ��� �� �� �� �� ���� �� �������� ��������

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