Altima Resources - 2 Pager
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Altima Resources 2 pager fact sheet. Jan. 2014
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Altima Resources - 2 Pager
- 1. 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. www.altimaresources.com 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 20062012 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 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 Suite 303-595 Howe Street Vancouver BC V6C 2T5 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 T: (604) 336-8610 F: (604) 718-2808 W: www.altimaresources.com
- 2. NEAR/MEDIUM TERM PRODUCTION TARGETS ► Multi-Zone 3-17 well, workover and recompletion, 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 POTENTIAL VALUE Well type Multi Zone Cost Per Well Cardium VERT Notikewin HZ $3,850M $3,850M $4,820M 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+ Company estimate of wells in portfolio TECHNICAL MANAGEMENT Richard Switzer, P.Geol – President & CEO Bernie Goruk, P.Eng – Technical Advisor ► 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 ► 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 Trevor Hamill, P.Geophysicist – 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 DIRECTORS & OFFICERS CORPORATE SNAPSHOT Richard Switzer, P.Geol; CEO, President and Director Stock Exchange TSX-V Jim O’Byrne, P. Land; Chairman of the Board and Director Trading Symbol ARH Richard Barnett, C.G.A.; CFO and Secretary 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 Joe DeVries; Director Stephen Watts, CA, B.Ecc; Director Jurgen Wolf; Director Offices: Vancouver and Calgary T: (604) 336-8610 F: (604) 718-2808 W: www.altimaresources.com