Strongbow Resources Inc. Corporate Presentation Focus on Viking Light Oil Resource Play
Strongbow Resources Inc. Corporate Presentation Focus on Viking Light Oil Resource Play October, 2014 OTCQB: STBR Reader Advisory Certain statements in this presentation constitute forward looking statements or forward looking information within the meaning of applicable securities laws (“forward looking statements”). Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Strongbow Resources Inc. (“Strongbow” or “the Company”), or developments in Strongbow’s business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward looking statements. In particular, statements concerning oil and gas reserves may involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions. No independent third party has reviewed the reasonableness of any such statements, estimates or assumptions. No member of the Strongbow team represents or warrants that such forward looking statements will be achieved or will prove to be correct. Actual future results and operations could vary materially from the forward looking statements. Similarly, no representation or warranty is made that the assumptions on which the forward looking statements are based may be reasonable. No audit, review or verification has been undertaken by Strongbow or any independent third party of the assumptions, data, results, calculations and forecasts presented or referred to herein. The recipient acknowledges that neither it nor Strongbow intends that Strongbow act or be responsible as a fiduciary to the recipient, its management, stockholders, creditors or any other person. Each of the recipients, by accepting and providing this Corporate Presentation respectively, expressly disclaims any fiduciary relationship and agrees that the recipient is responsible for making its own independent judgments with respect to any transaction and any other matters regarding this Corporate Presentation. Forward looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. Forward looking statements may also include any statement relating to future events, conditions or circumstances. Strongbow cautions you not to place undue reliance upon any such forward looking statements, which speak only as of the date they are made. Forward looking statements relate to, among other things, changes in the resource market; the market focus of Strongbow’s revenue mix and margin targets; operations priorities; and strategy for its products and solutions. The risks and uncertainties that may affect forward looking statements include, among others, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of Strongbow’s customers, demand for Strongbow’s assets and other risks detailed from time to time in Strongbow’s filings with the Securities and Exchange Commission and Canadian provincial securities regulators. Forward looking statements are based on Management’s current plans, estimates, projections, beliefs and opinions, and the Company does not undertake any obligation to update forward looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. OTCQB: STBR Corporate Profile and Overview • Listed on US.OTC Exchange STBR.QB • Basic shares outstanding 27,896,684 • Insiders and founders ownership 41% • Largest Shareholder 1 Holloman Value Holdings, LLC 6,600,000 (or 24% of O/S) • 52 week trading range $0.50 – $1.00 per share • Market valuation $17.6 million 1 no other shareholders hold greater than or equal to 10% of outstanding shares OTCQB: STBR Directors and Management Team Michael Caetano President, Chief Executive Officer and Director Over 20 years of successful business development and leadership in a variety of private and public companies Specializes in capital funding, mergers and acquisitions Possesses a combination of high energy, entrepreneurial spirit and innate curiosity Robert Madzej, BBA Chief Operating Officer and Director Over 10 years of experience in business development and finance Experience in business structuring and economic decision-making Bachelor of Business Administration degree from Simon Fraser University Robert DaCunha, BA Chief Financial Officer and Director Over 10 years in finance with financial institutions as well as private and public companies Serves as director for several companies and understands compliance/audit requirements Proficient in financial analysis and is detail-oriented in running a successful organization Bachelor of Arts degree from the University of Toronto OTCQB: STBR Corporate Strategy Building solid operating team of experienced oil and gas professionals Adopt early-mover and/or experience-driven advantage Target strategic acquisitions, partnerships or joint ventures with Engage best-practices drilling, completion and production methods OTCQB: STBR North American Oil and Gas Resource Plays Canada Viking Light Oil Horizontal Play Alaska Yukon Territory Northwest Territories HORN RIVER Nunavut Canada British Columbia COLORADO VIKING Manitoba Nevada California Quebec Ontario UTICA BAKKEN Washington Montana New Brunswick Maine North Dakota Minnesota Vermont Idaho Wyoming Wisconsin South Dakota United States Utah Nebraska Colorado Missouri Illinois New Mexico Oklahoma Michigan Pennsylvania Indiana Ohio Kentucky Arkansas West VirginiaVirginia Rhode Island Connecticut New Jersey Delaware South Carolina MARCELLUS Texas Louisiana FAYETTEVILLE HAYNESVILLE Oil Gas Bakken Light Oil Montney Liquids-rich Gas Colorado Dry Gas Horn River Shale Gas Utica Shale Gas Maryland North Carolina Tennessee Mississippi Georgia Alabama BARNETT New Hampshire Massachusetts New York Iowa Kansas Arizona • • • • • Newfoundland Saskatchewan Oregon first horizontal well drilled in 2007 2,625+ horizontal wells drilled to date 600 – 700m depth and 35o API oil < $1million all-in per well CARDIUM Alberta MONTNEY • • • • Mexico EAGLEFORD United States • • • • • Barnett Haynesville Fayetteville Marcellus Eagleford OTCQB: STBR Viking Horizontal Light Oil Opportunity well-delineated tight oil accumulations time / continuous learning / capital unique reservoir characteristics require reservoir-specific technologies minimize operational risk and cost structure maximize deliverability and ultimate recovery “through-out all… keep a curious mind” OTCQB: STBR Our Technical and Operating Approach OTCQB: STBR Western Canadian Viking Oil & Gas Fairway OTCQB: STBR EC Alta / WC Sask – Viking Horizontal Oil Play OTCQB: STBR Compeer Viking Oil Project • Drilled first Viking horizontal well 05-29-33-02W4 and placed on production • Continue to evaluate 04-32 well results in order to improve on drilling, completion and production practices in future Compeer Viking horizontal wells • Earned 100 percent working interest (subject to sliding scale 5 – 15% NCGORR) of the P&NG rights in 8 sections of land from Harvest Operations Corp. • Novus drilled 4 Viking horizontal wells (of 6 licensed) in February 2014 proximal to Compeer • Anegada and Pennwest continue their Viking horizontal drilling activity to the south of Compeer at Esther OTCQB: STBR WC Sask Viking Horizontal Light Oil Attributes • • • • • • • • • • Well-delineated oil accumulations Greenfield to brownfield opportunities Abundant running room Shallower and less expensive Incentifying royalty regime Poor vertical oil well drainage Low gas/low water rates and volumes Responsive government Workable regulatory framework Cooperative surface landowners Or, why we prefer to target Saskatchewan Viking OTCQB: STBR WC Sask – Viking Horizontal Oil Play Fairway OTCQB: STBR Ideal Growth Opportunity Candidate Relatively low technical, operating and producing uncertainty Reasonable potential to double reserves, production and cash flow Light oil preferred Per well capex less than $1.5 million Working interest greater than 60% Operatorship in order to control capex and operations timing Acquisition, farm-in, joint venture or other creative deal Available through direct approach or limited auction High “do-ability” factor OTCQB: STBR Corporate Evolution Compeer Viking oil opportunity Drilled first corporate Viking horizontal oil well Earned eight sections of Crown P&NG rights from surface to basement expiring in 2017-09-30 Producing well while monitoring area competitor activity Consolidate share capital structure Completed one for four reverse split resulting in 27.5 million shares outstanding Engage technical and operating team Attracted and retained services of key technical and operational personnel Reinvigorate corporate development Identify, evaluate and capture new potential growth opportunities Source additional capital through existing and/or new shareholders Move Strongbow from emergent position to fully functional junior oil and gas operating company in Western Canada OTCQB: STBR Corporate Summary Emergent Public Junior Oil and Gas Investment Opportunity Early Stage New Corporate Structure New Technical and Operating Team Flexible, Financed, Fun Seeking New Growth Opportunities Committed to Growing Shareholder Value and Returns OTCQB: STBR Contact Information U.S. Office Suite 250, 777 North Rainbow Boulevard Las Vegas, Nevada 89107 Michael Caetano President and CEO 1.403.241.8912 [email protected] Calgary Operations Office Suite 1600, 421 – 7th Avenue S.W. Calgary, Alberta Canada T2P 4K9 [email protected] Investor Relations Paul Hughes [email protected] 1.403.241.8912 www.strongbowinc.com OTCQB: STBR
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