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 Q1 2013 (boepd) (locations) Q1 2013 Production Bakken 19,029 900 49,078 boepd Southeast SK Conventional 6,073 350 Drilling Inventory Cardium 20,614 580 2,200 locations Emerging Plays 3,362…
WHAT WE DO ACCUMULATE 1 million acres of undeveloped land in our portfolio Major positions in 2 leading light oil resource GENERATE VALUE plays with others evolving 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 (0.3 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 Cash Dividend DRIP/SDP Funds Flow Dividend payout…
ACTIVE BALANCE SHEET MANAGMENT Our business strategy matches cash inflows and outflows over the long-term 3,000 Cumulative Funds Flow (mm) 2,500 2,000 1,500 1,000 500 0 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12…
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 20,000 150 2013(e) Production 16,000 120 Hedged Price (US/bbl) Hedged Volume (bbl/d)…
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 CREELMAN EOR PERFORMANCE We expect to recover 1,800 12 approximately 15% of the DPIIP with primary recovery 1,500 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 Net Wells on…
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 improved…
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 8 (4.3 net) sections with the ability to…
FUTURE GROWTH Our land position has multi-zone potential Oil Belly River Gas LTS Lands Cardium LTS Wells 2nd White Specs 13 Sections Competitor wells Dunvegan Viking Kaybob Notikewin Falher 17 Sections Simonette…
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 2013 PLANNED ACTIVITY ACTIVE PROGRAM Our 2013 drilling program is expected to Net Wells* Capital (2013/Q1) (millions) deliver average production of 46,000 to 32 48,000 boepd (8% to12% growth over…
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