EnerComs The Oil & Gas Conference 18 August 14, 2013
OUR FOCUS LIGHTSTREAM RESOURCES is an upstream energy company Focused on LIGHT OIL resource plays Light oil and liquids weighting of 80% Delivering DIVIDENDS + GROWTH to our shareholders Annual dividend of 0.96 / share + 2013…
WHERE WE ARE Production Drilling Inventory 2013 Production Q2 2013 (boepd) (locations) Q2 46,045 boepd Bakken 16,564 900 Drilling Inventory Southeast SK Conventional 5,654 350 2,200 locations Cardium 20,180 580 Emerging Plays…
WHAT WE DO ACCUMULATE 1 million acres of undeveloped land in our portfolio Major positions in 2 leading light oil resource GENERATE plays with others evolving VALUE Build critical ACCUMULATE INNOVATE mass in Enter early into…
WHAT WE HAVE Our portfolio has grown to include significant holdings in 4 major light oil plays, a strong reserve base and a growing undeveloped land inventory, positioning us for future growth 250 3 Year Reserve Results Operating…
BUILDING FREE CASH FLOW Initial capital investment in light oil resource plays generates rapid near-term production and cash flow growth Maturing production base generates growing free cash flow Long life assets evolve into annuities…
ALIGNED ASSETS & CAPITAL STRUCTURE We structure our balance sheet to match the attributes of our assets Characteristics of our assets: Allows us to: High operating netback Invest growth capital strong annual cash flow per share…
FINANCIAL FLEXIBILITY TO GROW Flexibility and security are built into our balance sheet Senior Secured Covenant Facility (0.2 billion of available liquidity) Debt Capital Composition Term Term subject to further Secured…
DIVIDEND PHILOSOPHY We have a track record of consistent dividend payments 250 200 Millions 150 100 50 0 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Cash Dividend DRIP/SDP Funds Flow Dividend…
ACTIVE BALANCE SHEET MANAGEMENT Our business strategy matches cash inflows and outflows over the long-term 3,000 Cumulative Dividend Cumulative Funds Flow (mm) 2,500 Cash In (Funds Flow, Dispositions) Cash Out (Capex, Property…
IMPROVING SUSTAINABILITY Over time our operations have migrated towards sustainability as our cash flow and payout converge Sustainability Ratio Maturing production attenuates the base decline 200% rate and generates higher free…
WE HEDGE OUR RISK We methodically layer on commodity contracts up to three years in the future to hedge between 25-50% of production 21,000 120 2013(e) Production 17,500 100 Hedged Volume (bbl/d) Hedged Price (/bbl) 14,000 80…
A SOLID PRODUCTION BASE Our production profile demonstrates sustained growth 60,000 Year-over-year average growth forecasted to be 8 to 12%, resulting in 50,000 estimated 46,000 to 48,000 boepd Production (boepd) 40,000…
SE SASKATCHEWAN Our free cash flow generating assets BAKKEN BUSINESS UNIT Estimated 1.69 billion barrels DPIIP Only 5% recovery factor booked or produced as of year end 2012 EOR has the potential to increase the ultimate recovery…
EARLY EOR SUCCESS IN THE BAKKEN Potential future value generation through natural gas flooding We expect to recover CREELMAN EOR PERFORMANCE 1800 12 approximately 15% of the DPIIP with primary recovery 1500 10 methods; with EOR…
BUILDING IN THE CARDIUM Leveraging our experience in the Bakken allowed us to hit the ground running in the Cardium - we have 295 net sections providing opportunities for additional growth 25,000 400 20,000 320 West Pembina…
OPERATIONAL INNOVATIONS IN THE CARDIUM Innovations in drilling and completion techniques improve productivity and lower costs IMPROVING PERFORMANCE IN WEST PEMBINA Slickwater fracturing has 75,000 reduced costs and Cumulative…
OUR NEXT PLAY Swan Hills is becoming our next growth area Accumulate Identified the play on existing lands and strengthened our position through land sales and farm-ins Farm-ins have earned 13.5 (6.8 net) sections with the ability…
FUTURE GROWTH Our land position has multi-zone potential Belly River Cardium LTS Lands 2nd White Specs 13 Sections LTS Wells Competitor wells Dunvegan Viking Notikewin Kaybob 17 Sections Falher Simonette Wilrich…
WELL ECONOMICS We focus on well economics that reinforce our business model with quick payouts and strong capital efficiencies < 2 year capital payout 2 recycle ratio Saskatchewan Type Well Bakken1 Cardium Swan Hills2 Conventional…
2013 ACTIVITY & CAPITAL PLAN ACTIVE PROGRAM 2013 PLANNED ACTIVITY Our 2013 drilling program is expected to Net Wells Capital deliver average production of 46,000 to (2013/H2) (millions) 48,000 boepd (8% to12% growth over 30 Bakken…
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