SlideShare a Scribd company logo
1 of 40
This is Western Oil Sands Corporate Presentation October 2006
Caution to the Reader ,[object Object]
A Clear Vision ,[object Object]
Strategies in Focus ,[object Object],[object Object],[object Object],[object Object],Relentless Drive for Creating Shareholder Value
[object Object],[object Object],[object Object],[object Object],Fort McMurray Edmonton Calgary A World-Class Resource Source: AEUB
Long Life Reserves (million bbls) Reserves   Discovered  P & P Resources Western   Muskeg River Mine 1,551 - 310 Lease 13 (remainder) & 90 -   5,281   1,056   Lease 88 & 89 - 2,038 407 Lease 9 & 17 - 899 180 Total 1,551   8,218   1,953
Athabasca Land Position Existing AOSP (pre-2005): 110,522 Chevron Leases: 75,000 (unevaluated) Shell Leases Acquired  in 2005: 90,144  (unevaluated) Western Lease: 8,225 (unevaluated) Total:  283,891 acres or 60,067 acres net to Western Mining Mining In-situ In-situ (Acres)
Athabasca Oil Sands Region Athabasca Oil  Sands Project Leases acquired in 2005 – to be evaluated In-situ Lease – Western-operated Ells River Project
Muskeg River Mine
Production vs. Unit Cash Operating Costs (thousands of  bbls/d,  net to Western) $25.44 $20.58 $19.38 $26.12 $22.06 $20.71 $21.17 $23.44 26.5 33.0 32.8 25.9 32.0 23.6 27.1 35.6 (operating costs: Cdn$/processed bbl) For sensitivities on 2006 guidance see supplementary information 15.5
2006 Guidance ,[object Object],[object Object],AOSP Growth:  $137 million Business Development:  $42  million AOSP Base Project  Improvement Capital:  $71  million
Continuous Expansions Muskeg  River Mine ,[object Object],[object Object],[object Object],[object Object],Athabasca Oil Sands Project Leases acquired in 2005 – unevaluated In-situ lease – Western operated Fort McKay Lands
Production Ramp-up - Western’s share MRM Current Operations + Production Optimization Initiatives MRM Expansion 1 MRM Expansion 2 MRM Expansion 3 (thousands of bbls/d) Western Potential Share > 100,000
Production Growth – Mining and In-situ Base > 100,000 bbls/d 150,000 to  200,000 bbls/d Expansions 1 to 3 Western’s share of production Expansions 4 to 6 and in-situ Today +5 +10 +15
Scotford Upgrader
Modeling Assumptions – Expansions WTI $55 $65   Strip Production  (mbbls/d)  100  100   100 Capital Expenditures* Expansion #1  (Cdn$/annual bbl)   200   250   300 Operating Costs  (Cdn$/bbl)   $18 - $20  $19 - $21  $19 - $23 FX  (US/Cdn)   $0.84   $0.88   $0.88 Production Enhancements  3% compounded increase in expansion   volumes for first 10 years * $Cdn/annual barrel of production.    Estimates currently under review by AOSP Project team in light of current market conditions.
Strategic Risk Management Activities Put options purchased (bbls/d)   20,000  20,000  20,000 Avg. put strike price (US$/bbl)  52.50  54.25  50.50 Call options sold (bbls/d)  10,000   15,000 15,000 Avg. call strike price (US$/bbl)   92.50   94.25   90.50 2007 2008 2009 Period ,[object Object],[object Object],[object Object]
Expansion Financing Capability Debt to Total  Cap Ratio (%) Debt Usage  (millions) ,[object Object],[object Object],[object Object],Debt Usage - $55 WTI  Debt to Total Cap - $55 WTI  Debt Usage - $65 WTI Debt to Total Cap - $65 WTI Debt Usage – Strip WTI   (as at July 5*)   Debt to Total Cap – Strip WTI   (as at July 5*)
Net Asset Value per share (Cdn$/share) NAVs represent  year ending figures ,[object Object],[object Object],[object Object],[object Object],[object Object]
Natural Gas   (Cdn $/mcf) -$0.10 +$0.10 Sensitivity Analysis:  NAV per share Steady State, Strip WTI  (July 5*) WTI   (US $/bbl)   FX   (Cdn/US) Variable Opex per barrel   (Cdn $) -$1.00 +$1.00 +10% -10% -$0.10 +$0.10 -$0.01 +$0.01 Expansion Capex  (Cdn $) * See supplementary information for strip pricing detail
Strategies in Focus
In Focus: In-Situ/Technology ,[object Object],[object Object],[object Object]
In Focus: Downstream Integration ,[object Object],[object Object],[object Object],[object Object],[object Object]
Kurdistan Oil Opportunity
The EPSA ,[object Object],[object Object],[object Object],[object Object],[object Object]
Why Kurdistan? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Kurdistan: A Unique Opportunity Source: 2004 Arab Oil & Gas Directory ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EPSA Contract Area With Neighboring Fields ,[object Object],[object Object],[object Object],[object Object]
Initial Seismic Program
Potential Net Asset Value per Share – Example Only (Cdn$/share) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Next Steps ,[object Object],[object Object],[object Object],[object Object]
It’s All About Creating Shareholder Value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Offering investors a combination of assets and management capable of delivering exceptional shareholder value and sustainable growth. www.westernoilsands.com
Expansion 1 Update ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Expansion 1 – Path Forward 2006 2007 2008 2009 2010 Project Timeline Upgrader Hearing Mine Expansion Hearing FID Commissioning  & Start-up ,[object Object],[object Object],[object Object]
July 5 th  Strip WTI
2006 Sensitivities Impact on Cash Flow Annual ($ millions) Per share ($ basic) Change Impact on Earnings Annual ($ millions) Per share ($ basic) * Western’s share: increase of 1,000 bbls/d (Project share, AOSP = 5,000 bbls/d increase) Sensitivity Case 0.86 10.02 21.75 56.00 30,000 - 0.12 0.04 5.93 US/Cdn 0.01 Foreign Exchange - 0.40 - 0.60 $0.10/Mcf Natural Gas Price 0.05 7.36 0.07 10.97 $1.00/bbl Non-Gas Operating Costs 0.04 6.87 0.06 10.25 US$1.00 Oil Price 0.07 11.90 0.12 19.49 1,000 bbls/d * Production
Insurance Update ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Operating and Financial Results Three Months Ended June 30 2006 2005 - 34,899 Turnaround Costs 810,214 661,499 Long-term Financial Liabilities (12,900) 55,828 Net Capital Expenditures 0.18 (0.14) Net Earnings (Loss) per share (basic) ($/share) 28,650 (22,787) Net Earnings (Loss) 0.42 (0.13) Cash Flow per share (basic) ($/share) 68,019 (20,833) Cash Flow 84,063 (8,199) EBITDAX 148,167 95,633 Net Revenue Financial ($thousands, except as indicated) 44,503 22,614 Synthetic Crude Sales 32,757 15,540 Bitumen Production Operating   (bbls/d)
Balance Sheet ($ thousands) As at June 30, 2006   As at   Dec. 31, 2005 Current Assets    78,087   123,426 Capital Assets 1,428,355 1,352,605 Deferred Charges and Other 14,783 16,063 1,521,225  1,590,520 Current Liabilities  143,965 104,699 Long-term Liabilities Debt 532,750 565,655 Other 171,309 206,764 Shareholders’ Equity Share Capital 551,742 548,747 Contributed Surplus 4,640 3,474 Retained Earnings (Deficit) 116,819 161,181 1,521,225  1,590,520

More Related Content

What's hot

PVA Wells Fargo Investor Presentation
PVA Wells Fargo Investor PresentationPVA Wells Fargo Investor Presentation
PVA Wells Fargo Investor PresentationPennVirginiaCorp
 
Sd november-2016-ir-presentation
Sd november-2016-ir-presentationSd november-2016-ir-presentation
Sd november-2016-ir-presentationSandRidgeIR
 
PVA BMO Investor Presentation a2013
PVA BMO Investor Presentation a2013PVA BMO Investor Presentation a2013
PVA BMO Investor Presentation a2013PennVirginiaCorp
 
Investor Presentation - March 2015
Investor Presentation - March 2015Investor Presentation - March 2015
Investor Presentation - March 2015RowanCompanies
 
Oil Search Limited: ALASKA NORTH SLOPE: A STRATEGIC EXPANSION OPPORTUNITY FOR...
Oil Search Limited: ALASKA NORTH SLOPE: A STRATEGIC EXPANSION OPPORTUNITY FOR...Oil Search Limited: ALASKA NORTH SLOPE: A STRATEGIC EXPANSION OPPORTUNITY FOR...
Oil Search Limited: ALASKA NORTH SLOPE: A STRATEGIC EXPANSION OPPORTUNITY FOR...Brad Keithley
 
Oil Search Limited: Acquiring World Class Oil Assets in the Prolific Alaska N...
Oil Search Limited: Acquiring World Class Oil Assets in the Prolific Alaska N...Oil Search Limited: Acquiring World Class Oil Assets in the Prolific Alaska N...
Oil Search Limited: Acquiring World Class Oil Assets in the Prolific Alaska N...Brad Keithley
 
Claude Resources Inc. Corporate Presentation - November 2014
Claude Resources Inc. Corporate Presentation - November 2014 Claude Resources Inc. Corporate Presentation - November 2014
Claude Resources Inc. Corporate Presentation - November 2014 Claude Resources Inc.
 
Sage march 2013 investor presentation current
Sage march 2013 investor presentation currentSage march 2013 investor presentation current
Sage march 2013 investor presentation currentSagegold
 
2020.01.14 PI New Pacific Report
2020.01.14 PI New Pacific Report2020.01.14 PI New Pacific Report
2020.01.14 PI New Pacific ReportHindenburg Research
 
Sage april 2013__investor_presentation
Sage april 2013__investor_presentationSage april 2013__investor_presentation
Sage april 2013__investor_presentationSagegold
 
Tethys Corporate Update at The World Oil Council’s Assembly, London, November...
Tethys Corporate Update at The World Oil Council’s Assembly, London, November...Tethys Corporate Update at The World Oil Council’s Assembly, London, November...
Tethys Corporate Update at The World Oil Council’s Assembly, London, November...tethyspetroleum
 
Final march ir presentation 3.24.17
Final march ir presentation 3.24.17Final march ir presentation 3.24.17
Final march ir presentation 3.24.17SandRidgeIR
 
Pmd -investor_presentation__jan_2012__final
Pmd  -investor_presentation__jan_2012__finalPmd  -investor_presentation__jan_2012__final
Pmd -investor_presentation__jan_2012__finalPetroMagdalena
 
PVA Investor Presentation 10/12
PVA Investor Presentation 10/12PVA Investor Presentation 10/12
PVA Investor Presentation 10/12PennVirginiaCorp
 
Dgc 16 02_28 - bmo 1x1 presentation
Dgc 16 02_28 - bmo 1x1 presentationDgc 16 02_28 - bmo 1x1 presentation
Dgc 16 02_28 - bmo 1x1 presentationdetour-gold
 
PVA Investor Presentation November
PVA Investor Presentation NovemberPVA Investor Presentation November
PVA Investor Presentation NovemberPennVirginiaCorp
 
Noble Energy 2016 credit suisse Presentation
Noble Energy 2016 credit suisse PresentationNoble Energy 2016 credit suisse Presentation
Noble Energy 2016 credit suisse PresentationAndy Varoshiotis
 
GFG Resources Inc. IR Presentation - May 2019
GFG Resources Inc. IR Presentation - May 2019GFG Resources Inc. IR Presentation - May 2019
GFG Resources Inc. IR Presentation - May 2019GFG Resources Inc.
 

What's hot (20)

PVA Wells Fargo Investor Presentation
PVA Wells Fargo Investor PresentationPVA Wells Fargo Investor Presentation
PVA Wells Fargo Investor Presentation
 
Sd november-2016-ir-presentation
Sd november-2016-ir-presentationSd november-2016-ir-presentation
Sd november-2016-ir-presentation
 
PVA BMO Investor Presentation a2013
PVA BMO Investor Presentation a2013PVA BMO Investor Presentation a2013
PVA BMO Investor Presentation a2013
 
Investor Presentation - March 2015
Investor Presentation - March 2015Investor Presentation - March 2015
Investor Presentation - March 2015
 
Oil Search Limited: ALASKA NORTH SLOPE: A STRATEGIC EXPANSION OPPORTUNITY FOR...
Oil Search Limited: ALASKA NORTH SLOPE: A STRATEGIC EXPANSION OPPORTUNITY FOR...Oil Search Limited: ALASKA NORTH SLOPE: A STRATEGIC EXPANSION OPPORTUNITY FOR...
Oil Search Limited: ALASKA NORTH SLOPE: A STRATEGIC EXPANSION OPPORTUNITY FOR...
 
Oil Search Limited: Acquiring World Class Oil Assets in the Prolific Alaska N...
Oil Search Limited: Acquiring World Class Oil Assets in the Prolific Alaska N...Oil Search Limited: Acquiring World Class Oil Assets in the Prolific Alaska N...
Oil Search Limited: Acquiring World Class Oil Assets in the Prolific Alaska N...
 
Claude Resources Inc. Corporate Presentation - November 2014
Claude Resources Inc. Corporate Presentation - November 2014 Claude Resources Inc. Corporate Presentation - November 2014
Claude Resources Inc. Corporate Presentation - November 2014
 
Sage march 2013 investor presentation current
Sage march 2013 investor presentation currentSage march 2013 investor presentation current
Sage march 2013 investor presentation current
 
Investor Presentation November 2014
Investor Presentation November 2014Investor Presentation November 2014
Investor Presentation November 2014
 
2020.01.14 PI New Pacific Report
2020.01.14 PI New Pacific Report2020.01.14 PI New Pacific Report
2020.01.14 PI New Pacific Report
 
Sage april 2013__investor_presentation
Sage april 2013__investor_presentationSage april 2013__investor_presentation
Sage april 2013__investor_presentation
 
Tethys Corporate Update at The World Oil Council’s Assembly, London, November...
Tethys Corporate Update at The World Oil Council’s Assembly, London, November...Tethys Corporate Update at The World Oil Council’s Assembly, London, November...
Tethys Corporate Update at The World Oil Council’s Assembly, London, November...
 
Final march ir presentation 3.24.17
Final march ir presentation 3.24.17Final march ir presentation 3.24.17
Final march ir presentation 3.24.17
 
Pmd -investor_presentation__jan_2012__final
Pmd  -investor_presentation__jan_2012__finalPmd  -investor_presentation__jan_2012__final
Pmd -investor_presentation__jan_2012__final
 
Bank of America Merrill Lynch
Bank of America Merrill LynchBank of America Merrill Lynch
Bank of America Merrill Lynch
 
PVA Investor Presentation 10/12
PVA Investor Presentation 10/12PVA Investor Presentation 10/12
PVA Investor Presentation 10/12
 
Dgc 16 02_28 - bmo 1x1 presentation
Dgc 16 02_28 - bmo 1x1 presentationDgc 16 02_28 - bmo 1x1 presentation
Dgc 16 02_28 - bmo 1x1 presentation
 
PVA Investor Presentation November
PVA Investor Presentation NovemberPVA Investor Presentation November
PVA Investor Presentation November
 
Noble Energy 2016 credit suisse Presentation
Noble Energy 2016 credit suisse PresentationNoble Energy 2016 credit suisse Presentation
Noble Energy 2016 credit suisse Presentation
 
GFG Resources Inc. IR Presentation - May 2019
GFG Resources Inc. IR Presentation - May 2019GFG Resources Inc. IR Presentation - May 2019
GFG Resources Inc. IR Presentation - May 2019
 

Viewers also liked

Keller Williams Realty
Keller Williams RealtyKeller Williams Realty
Keller Williams RealtyRickBosl
 
Admin
AdminAdmin
Adminsoon
 
Authentication
AuthenticationAuthentication
Authenticationsoon
 
Google
GoogleGoogle
Googlesoon
 
Files
FilesFiles
Filessoon
 
Deploying
DeployingDeploying
Deployingsoon
 

Viewers also liked (8)

Wedium coffav
Wedium coffavWedium coffav
Wedium coffav
 
Keller Williams Realty
Keller Williams RealtyKeller Williams Realty
Keller Williams Realty
 
Fostering Online Networks
Fostering Online NetworksFostering Online Networks
Fostering Online Networks
 
Admin
AdminAdmin
Admin
 
Authentication
AuthenticationAuthentication
Authentication
 
Google
GoogleGoogle
Google
 
Files
FilesFiles
Files
 
Deploying
DeployingDeploying
Deploying
 

Similar to October - Corporatre Presentation

BMO Global Metals & Mining Conference - Hollywood, FL
BMO Global Metals & Mining Conference - Hollywood, FLBMO Global Metals & Mining Conference - Hollywood, FL
BMO Global Metals & Mining Conference - Hollywood, FLDetourGold
 
Oil shale economics_fact_sheet usa
Oil shale economics_fact_sheet usaOil shale economics_fact_sheet usa
Oil shale economics_fact_sheet usaDmitry Tseitlin
 
Dgc 16 04_07 - laurentian 1x1 presentation
Dgc 16 04_07 - laurentian 1x1 presentationDgc 16 04_07 - laurentian 1x1 presentation
Dgc 16 04_07 - laurentian 1x1 presentationdetour-gold
 
2017 scotia howard weil energy conference final
2017 scotia howard weil energy conference final2017 scotia howard weil energy conference final
2017 scotia howard weil energy conference finalGib Knight
 
Marketing Presentation, July 2014
 Marketing Presentation, July 2014 Marketing Presentation, July 2014
Marketing Presentation, July 2014Lake Shore Gold
 
2015 and Q4 2015 Financial Results
2015 and Q4 2015 Financial Results2015 and Q4 2015 Financial Results
2015 and Q4 2015 Financial ResultsLake Shore Gold
 
Maersk Oil - Delivery Today, Growth Tomorrow
Maersk Oil - Delivery Today, Growth TomorrowMaersk Oil - Delivery Today, Growth Tomorrow
Maersk Oil - Delivery Today, Growth TomorrowChrister Hansen
 
EcoStim Energy Solutions IR Presentation
EcoStim Energy Solutions IR PresentationEcoStim Energy Solutions IR Presentation
EcoStim Energy Solutions IR PresentationRedChip Companies, Inc.
 
2017 february corporate presentation final
2017 february corporate presentation  final2017 february corporate presentation  final
2017 february corporate presentation finalDenbury
 
Investor Presentation March 2015
Investor Presentation March 2015Investor Presentation March 2015
Investor Presentation March 2015SandRidgeEnergyInc
 
Rex Energy Latest Company Presentation - Feb 2015
Rex Energy Latest Company Presentation - Feb 2015Rex Energy Latest Company Presentation - Feb 2015
Rex Energy Latest Company Presentation - Feb 2015Marcellus Drilling News
 
TD Securities Mining Conference
TD Securities Mining ConferenceTD Securities Mining Conference
TD Securities Mining ConferenceLake Shore Gold
 
Business processes and risk management -former to business
Business processes and risk management -former to businessBusiness processes and risk management -former to business
Business processes and risk management -former to businessnewcomesql
 
Nap investor presentation april 2014 updated
Nap investor presentation april 2014 updatedNap investor presentation april 2014 updated
Nap investor presentation april 2014 updatedNorth American Palladium
 
PVA Howard Weil Investor Presentation
PVA Howard Weil Investor PresentationPVA Howard Weil Investor Presentation
PVA Howard Weil Investor PresentationPennVirginiaCorp
 
Jp morgan 2017 global high yield leveraged finance conference final
Jp morgan 2017 global high yield leveraged finance conference finalJp morgan 2017 global high yield leveraged finance conference final
Jp morgan 2017 global high yield leveraged finance conference finalDenbury
 
Exile June 2010 Investor Presentation
Exile June 2010 Investor PresentationExile June 2010 Investor Presentation
Exile June 2010 Investor PresentationPENTA
 

Similar to October - Corporatre Presentation (20)

BMO Global Metals & Mining Conference - Hollywood, FL
BMO Global Metals & Mining Conference - Hollywood, FLBMO Global Metals & Mining Conference - Hollywood, FL
BMO Global Metals & Mining Conference - Hollywood, FL
 
Oil shale economics_fact_sheet usa
Oil shale economics_fact_sheet usaOil shale economics_fact_sheet usa
Oil shale economics_fact_sheet usa
 
Dgc 16 04_07 - laurentian 1x1 presentation
Dgc 16 04_07 - laurentian 1x1 presentationDgc 16 04_07 - laurentian 1x1 presentation
Dgc 16 04_07 - laurentian 1x1 presentation
 
2017 scotia howard weil energy conference final
2017 scotia howard weil energy conference final2017 scotia howard weil energy conference final
2017 scotia howard weil energy conference final
 
Nap investor presentation march 2015
Nap investor presentation march 2015Nap investor presentation march 2015
Nap investor presentation march 2015
 
Marketing Presentation, July 2014
 Marketing Presentation, July 2014 Marketing Presentation, July 2014
Marketing Presentation, July 2014
 
2015 and Q4 2015 Financial Results
2015 and Q4 2015 Financial Results2015 and Q4 2015 Financial Results
2015 and Q4 2015 Financial Results
 
Maersk Oil - Delivery Today, Growth Tomorrow
Maersk Oil - Delivery Today, Growth TomorrowMaersk Oil - Delivery Today, Growth Tomorrow
Maersk Oil - Delivery Today, Growth Tomorrow
 
EcoStim Energy Solutions IR Presentation
EcoStim Energy Solutions IR PresentationEcoStim Energy Solutions IR Presentation
EcoStim Energy Solutions IR Presentation
 
2017 february corporate presentation final
2017 february corporate presentation  final2017 february corporate presentation  final
2017 february corporate presentation final
 
Investor Presentation March 2015
Investor Presentation March 2015Investor Presentation March 2015
Investor Presentation March 2015
 
Rex Energy Latest Company Presentation - Feb 2015
Rex Energy Latest Company Presentation - Feb 2015Rex Energy Latest Company Presentation - Feb 2015
Rex Energy Latest Company Presentation - Feb 2015
 
TD Securities Mining Conference
TD Securities Mining ConferenceTD Securities Mining Conference
TD Securities Mining Conference
 
Nap investor presentation january 2014
Nap investor presentation january 2014Nap investor presentation january 2014
Nap investor presentation january 2014
 
Business processes and risk management -former to business
Business processes and risk management -former to businessBusiness processes and risk management -former to business
Business processes and risk management -former to business
 
Fresnillo presentation-denver-gold-forum-2015-v3
Fresnillo presentation-denver-gold-forum-2015-v3Fresnillo presentation-denver-gold-forum-2015-v3
Fresnillo presentation-denver-gold-forum-2015-v3
 
Nap investor presentation april 2014 updated
Nap investor presentation april 2014 updatedNap investor presentation april 2014 updated
Nap investor presentation april 2014 updated
 
PVA Howard Weil Investor Presentation
PVA Howard Weil Investor PresentationPVA Howard Weil Investor Presentation
PVA Howard Weil Investor Presentation
 
Jp morgan 2017 global high yield leveraged finance conference final
Jp morgan 2017 global high yield leveraged finance conference finalJp morgan 2017 global high yield leveraged finance conference final
Jp morgan 2017 global high yield leveraged finance conference final
 
Exile June 2010 Investor Presentation
Exile June 2010 Investor PresentationExile June 2010 Investor Presentation
Exile June 2010 Investor Presentation
 

Recently uploaded

Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examplesamberjiles31
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZKanakChauhan5
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyHanna Klim
 
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...IMARC Group
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsIntellect Design Arena Ltd
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Lviv Startup Club
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBBPMedia1
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakEditores1
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGlokeshwarmaha
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinAnton Skornyakov
 
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...Brian Solis
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfHajeJanKamps
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursKaiNexus
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Winbusinessin
 

Recently uploaded (20)

Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examples
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZ
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agency
 
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking Applications
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerak
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup Berlin
 
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, Ours
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024
 
Investment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV IndustriesInvestment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV Industries
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 

October - Corporatre Presentation

  • 1. This is Western Oil Sands Corporate Presentation October 2006
  • 2.
  • 3.
  • 4.
  • 5.
  • 6. Long Life Reserves (million bbls) Reserves Discovered P & P Resources Western Muskeg River Mine 1,551 - 310 Lease 13 (remainder) & 90 - 5,281 1,056 Lease 88 & 89 - 2,038 407 Lease 9 & 17 - 899 180 Total 1,551 8,218 1,953
  • 7. Athabasca Land Position Existing AOSP (pre-2005): 110,522 Chevron Leases: 75,000 (unevaluated) Shell Leases Acquired in 2005: 90,144 (unevaluated) Western Lease: 8,225 (unevaluated) Total: 283,891 acres or 60,067 acres net to Western Mining Mining In-situ In-situ (Acres)
  • 8. Athabasca Oil Sands Region Athabasca Oil Sands Project Leases acquired in 2005 – to be evaluated In-situ Lease – Western-operated Ells River Project
  • 10. Production vs. Unit Cash Operating Costs (thousands of bbls/d, net to Western) $25.44 $20.58 $19.38 $26.12 $22.06 $20.71 $21.17 $23.44 26.5 33.0 32.8 25.9 32.0 23.6 27.1 35.6 (operating costs: Cdn$/processed bbl) For sensitivities on 2006 guidance see supplementary information 15.5
  • 11.
  • 12.
  • 13. Production Ramp-up - Western’s share MRM Current Operations + Production Optimization Initiatives MRM Expansion 1 MRM Expansion 2 MRM Expansion 3 (thousands of bbls/d) Western Potential Share > 100,000
  • 14. Production Growth – Mining and In-situ Base > 100,000 bbls/d 150,000 to 200,000 bbls/d Expansions 1 to 3 Western’s share of production Expansions 4 to 6 and in-situ Today +5 +10 +15
  • 16. Modeling Assumptions – Expansions WTI $55 $65 Strip Production (mbbls/d) 100 100 100 Capital Expenditures* Expansion #1 (Cdn$/annual bbl) 200 250 300 Operating Costs (Cdn$/bbl) $18 - $20 $19 - $21 $19 - $23 FX (US/Cdn) $0.84 $0.88 $0.88 Production Enhancements 3% compounded increase in expansion volumes for first 10 years * $Cdn/annual barrel of production. Estimates currently under review by AOSP Project team in light of current market conditions.
  • 17.
  • 18.
  • 19.
  • 20. Natural Gas (Cdn $/mcf) -$0.10 +$0.10 Sensitivity Analysis: NAV per share Steady State, Strip WTI (July 5*) WTI (US $/bbl) FX (Cdn/US) Variable Opex per barrel (Cdn $) -$1.00 +$1.00 +10% -10% -$0.10 +$0.10 -$0.01 +$0.01 Expansion Capex (Cdn $) * See supplementary information for strip pricing detail
  • 22.
  • 23.
  • 25.
  • 26.
  • 27.
  • 28.
  • 30.
  • 31.
  • 32.
  • 33. Offering investors a combination of assets and management capable of delivering exceptional shareholder value and sustainable growth. www.westernoilsands.com
  • 34.
  • 35.
  • 36. July 5 th Strip WTI
  • 37. 2006 Sensitivities Impact on Cash Flow Annual ($ millions) Per share ($ basic) Change Impact on Earnings Annual ($ millions) Per share ($ basic) * Western’s share: increase of 1,000 bbls/d (Project share, AOSP = 5,000 bbls/d increase) Sensitivity Case 0.86 10.02 21.75 56.00 30,000 - 0.12 0.04 5.93 US/Cdn 0.01 Foreign Exchange - 0.40 - 0.60 $0.10/Mcf Natural Gas Price 0.05 7.36 0.07 10.97 $1.00/bbl Non-Gas Operating Costs 0.04 6.87 0.06 10.25 US$1.00 Oil Price 0.07 11.90 0.12 19.49 1,000 bbls/d * Production
  • 38.
  • 39. Operating and Financial Results Three Months Ended June 30 2006 2005 - 34,899 Turnaround Costs 810,214 661,499 Long-term Financial Liabilities (12,900) 55,828 Net Capital Expenditures 0.18 (0.14) Net Earnings (Loss) per share (basic) ($/share) 28,650 (22,787) Net Earnings (Loss) 0.42 (0.13) Cash Flow per share (basic) ($/share) 68,019 (20,833) Cash Flow 84,063 (8,199) EBITDAX 148,167 95,633 Net Revenue Financial ($thousands, except as indicated) 44,503 22,614 Synthetic Crude Sales 32,757 15,540 Bitumen Production Operating (bbls/d)
  • 40. Balance Sheet ($ thousands) As at June 30, 2006 As at Dec. 31, 2005 Current Assets 78,087 123,426 Capital Assets 1,428,355 1,352,605 Deferred Charges and Other 14,783 16,063 1,521,225 1,590,520 Current Liabilities 143,965 104,699 Long-term Liabilities Debt 532,750 565,655 Other 171,309 206,764 Shareholders’ Equity Share Capital 551,742 548,747 Contributed Surplus 4,640 3,474 Retained Earnings (Deficit) 116,819 161,181 1,521,225 1,590,520