altima resources - 2 pager
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Altima Resources 2 pager fact sheet. Jan. 2014TRANSCRIPT
Suite 303-595 Howe Street Vancouver BC V6C 2T5 T: (604) 336-8610 F: (604) 718-2808 W: www.altimaresources.com
www.altimaresources.com
OPPORTUNITY
► Multi-well program; identified 35+ primary drill targets and has the potential for 80+ wells and 7-10 years of drilling inventory
► Several locations ready to license ► Forecasting 2,500 BOE/d within 2-3 years
HIGHLIGHTS ► Producing condensate and gas since October 2011 ► Two wells on production ► High working interest and operatorship ► Producing condensate and gas since October 2011 ► In place production infrastructure and attractive Crown
Royalty Structure ► High initial production rates
RECENT SUCCESS & WELLS ON PRODUCTION
► Altima/ConocoPhillips 14-15-41-11 W5M HZ well drilled to a total MD of 4,280 meters, multi stage fracturing completed over 1,150 meters in target zone
► new 3.8 km of pipeline and facilities completed and well placed on production November 2013
► Altima operated 15-35-41-11 W5M multi-zone well drilled in February 2013, 3.5 miles north of 14-15 well. Well drilled to 3202 meters in 12 days, a record for the area
► 15-35 well multi-zone fraced, completed, 6.4 km of pipeline and infrastructure constructed and on-stream September 2013
CHAMBERS FERRIER PROPERTY & AREA
► Large contiguous land base, interest 29 sections (18,560 gross acres)
► Surrounded by Majors, including, Bellatrix, Devon Energy, ConocoPhillips, Taqua North, Baytex, Peyto and Husky Energy all drilling in proximity to Altima’s property
► Success rate of 97% of the 42 wells drilled within a nine Township block surrounding Altima’s lands from 2006-2012
Altima Resources Ltd. (TSX V: ARH) is a producing junior energy company engaged in the exploration and development of oil and gas in the Western Sedimentary Basin, Alberta, Canada. The Company’s strategy is to pursue an E&P program focusing on stacked Multi-Zone plays Cardium and Notikewin core areas, driving growth through vertical and horizontal drilling, utilizing new technology in multi-stage hydraulic fracturing, increasing oil and liquids weighting, while maintaining low F&D costs.
Offices: Vancouver and Calgary T: (604) 336-8610 F: (604) 718-2808 W: www.altimaresources.com
Well type Multi Zone Cardium VERT
Notikewin HZ
Cost Per Well $3,850M $3,850M $4,820M
Company estimate of wells in portfolio
80+ 5+ 7+
Potential Reserves – BCF – MMSTB
>250>7
>45>1.5
>23>0.9
Potential Gross Revenue $2,966MM $483MM $210MM
Potential Value $525MM+ $93MM+ $95MM+
POTENTIAL VALUE NEAR/MEDIUM TERM PRODUCTION TARGETS ► Multi-Zone 3-17 well, workover and re-
completion, Q1 2014 ► 5-35 vertical well and 9-35 vertical well, Q1
2014 ► 15 Wells planned for 2014-2015, cash flows
expected within 6 months of spud
CORPORATE SNAPSHOT
TECHNICAL MANAGEMENT
DIRECTORS & OFFICERS
► Over 35 years of experience in the petroleum industry► Currently a director of Petrichor Energy Inc ► Previously at Texaco, Amoco, Skelly Oil
Canada and Mesa Petroleum working for T. Boone Pickens ► Member of the American Association of
Petroleum Geologists and a Professional Geologist with APEGGA
Richard Switzer, P.Geol – President & CEO
► 34 years of experience in petroleum engineering and oil and gas operations► Former property management, team
leader at AMOCO, including 20 years of varying experience in oil and gas operations, drilling/completions,exploitations/explor ations and administration
Bernie Goruk, P.Eng – Technical Advisor
► Over 35 years of experience in the exploration for oil and gas reserves in the Western Canada Sedimentary Basin (WCSB)
► Worked for Calgary based oil companies, including Esso, Alberta Energy Company, and Teck Oil and Gas
Trevor Hamill, P.Geophysicist – Technical Advisor
Richard Switzer, P.Geol; CEO, President and Director
Jim O’Byrne, P. Land; Chairman of the Board and Director
Richard Barnett, C.G.A.; CFO and Secretary
Joe DeVries;
Director
Stephen Watts, CA, B.Ecc; Director
Jurgen Wolf; Director
Stock Exchange TSX-V
Trading Symbol ARH
52 Week High/Low: $0.16 - 0.045
Market Capitalization 34,728,817
Outstanding Shares 315,716,516
Stock Options 12,000,000
Warrants 76,296,720
Fully Diluted Share Capital 404,013,236