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September 2013 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Sep 10, 2013 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION September 2013
  2. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    TSX: CPG 2013 Exit Production: 119,000 boe/d (91% oil weighted)(1) Netback: 52.00/boe(2) Yield: 7.5% yield(3) Annual Dividend: 2.76/share Payout: 54%(4) Enterprise Value: 16.3 billion(3)(5) Debt to Cash Flow: 1.0 times P+P Reserves: 608.8…
  3. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Q2 HIGHLIGHTS Record production of 117,799 boe/d, an increase over Q1 2013 and an increase of more than 21% over Q2 2012 Record cash flow of 504.4MM (1.31 per share) Upwardly revising production and cash flow guidance as a result of…
  4. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    BUSINESS STRATEGY Develop and exploit Increase recovery factors through infill drilling, waterflood optimization and improved technology Acquire Focus on high-quality, large resource-in-place pools with production and reserves upside…
  5. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    HEDGING STRATEGY 70,000 Oil Hedges 80% 66% 60,000 70% Provide greater 52% 50,000 60% stability to dividends 50% 40% Hedge up to bbl/day 40,000 28% 30,000 30% 65% net of 20,000 11% 20% royalty volumes(2) 10,000 10%…
  6. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    FOCUSED RESERVE BASE Key Value Highlights: Regulatory approval for unitization in both Bakken and Shaunavon areas Independent engineers to include Bakken waterflood results in year-end reserves assignments where appropriate…
  7. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    LARGE OIL IN PLACE Possible Reserves(3) Independent Analog Pools (Net Incremental to OOIP (1) Recovery Recovery Recovery P+P Reserves Property Horizon (Mmbbls) to Date Factor P+P (2) Factor Mmbbls) Viewfield Bakken 4,600 2.3% 9.4%…
  8. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    11 YEARS OF RESERVES GROWTH 2012 Proved(1) P+P(1) Reserves 650 Reserves Oil & NGLs 600 (P+P MMboe) 366.5 557.1 550 (MMbbls) 500 Natural Gas 203.1 310.4 450 (bcf) 400 350 Boe (MMboe) 400.4 608.8 300 250 2012 Reserves 200…
  9. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    BAKKEN OIL RESOURCE PLAY 1,935 locations in drilling inventory 1,000 additional locations from infill drilling(1) 4.6 billion barrels OOIP with only 2.3% recovered to date(2) Possible upside reserves potential of 200 million…
  10. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    BAKKEN WATERFLOOD UNIT APPROVAL Technical approval of the Viewfield Bakken Voluntary Unit No. 1 (formerly named Stoughton) Independent engineering study on existing waterflood patterns suggest long-term ultimate recovery factors…
  11. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    LOWER SHAUNAVON OIL RESOURCE PLAY 1,875 locations in drilling inventory 1,000 additional drilling locations through infill drilling(1) 4.3 billion barrels OOIP with 0.8% recovered to date(2) Government approval received for Lower…
  12. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    LOWER SHAUNAVON WATERFLOOD UNIT APPROVAL Leitchville 1 Unit approved by the Government of Saskatchewan Leitchville Permit approval will allow for full-scale waterflood North development Voluntary Sets precedent for future approvals…
  13. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    UINTA BASIN OIL RESOURCE PLAY 1,000 locations identified on Crescent Point lands(1) Crescent Point Lands Current production of 10,000 boe/d(2) Testing new completion techniques 5.2 billion barrels of OOIP with only 0.2% recovered…
  14. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    RANDLETT OIL RESOURCE PLAY 660 locations identified in the Randlett area based on vertical drilling alone 3D seismic to be shot later in the year Application for waterflood in the Randlett area Randlett Vertical Type Well…
  15. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    17.3 BILLION RISKED DEVELOPMENT INVENTORY Total Capital(1) Total Reserves(2) Production Rate Risked F&D Risked per Area Net Wells (MM) (Mboe) (boe/d) (3) (/boe) Producing Boe(3) Resource Plays Viewfield Bakken 1,935 3,870 178,148…
  16. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    2013 CAPITAL ALLOCATION Long-term capital allocated to emerging plays Flat Lake Short-term production Long-term Viking North Dakota capital Swan Hills Other Areas maintenance Facilies, Land, Utah Seismic Utah Shaunavon…
  17. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    2013 UPWARDLY REVISED PRODUCTION GUIDANCE 120,000 Production Oil & NGLs (bbls/d) 106,667 110,000 (Boe/d) 100,000 90,000 Gas (mcf/d) 65,000 80,000 70,000 60,000 TOTAL (boe/d 6:1) 117,500 50,000 40,000 30,000 20,000 Forecast…
  18. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    2013 CASH FLOW FORECAST Cash Flow 2,200 Cash Flow Cash Flow: 2.0 billion(1) 2,000 (MM) 1,800 (5.15/share) 1,600 Dividend: 1.1 billion 1,400 1,200 (2.76/share) 1,000 2013 Capital: 1.5 billion 800 600 400 Operations 200 0…
  19. September 2013 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    SUMMARY Proven management team Proven track record of reserves, production and cash flow growth 5-year weighted average F&D of 17.34/boe(1) Excellent balance sheet 3-year hedging program to provide cash flow stability Projected…

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