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JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd.

Nuvista Energy Ltd. · Jun 13, 2011 · 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. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 1
    NUVISTA ENERGY LTD CORPORATE PRESENTATION CAPP Oil and Gas Investment Symposium June 13 15, 2011
  2. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 2
    Corporate Profile Focused on internally generated repeatable plays in the WCSB 2011 drilling program of oil and liquids-rich natural gas opportunities New President & CEO Jonathan Wright (effective May 9, 2011) Improved financial…
  3. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 3
    NuVistas Business Model Value creation through development of repeatable plays on our existing land base 2010 was pivotal year focused on evaluating existing land base to create an inventory of repeatable drilling opportunities…
  4. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 4
    Near-Term Strategic Objectives New CEO Financial Flexibility 99.8 million equity financing 36.5 million property disposition Terminated dividend Deliver Solid 2011 Operating and Financial Results Advancement of Repeatable Growth…
  5. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 5
    2010 Highlights Focused on the evaluation of company landholdings with resource play potential Developed the largest opportunity inventory in our history Cardium light oil success at Pembina and Wapiti Birdbear heavy oil success…
  6. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 6
    2010 Reserves/NPV Dec. 31 Dec. 31 Dec. 31 2010 2009 2008 Reserves (MMboe) (1) Proved Producing 53.9 54.4 42.5 Total Proved 74.0 68.0 52.8 Proved + Probable 113.1 97.8 77.7 Future NPV 10% ( millions) (2) Proved Producing 813 988…
  7. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 7
    Finding and Development Costs/Ratios Years Ended 3 Year 2010 2009 Average F&D Costs(1) (/boe) Proved 22.60 16.57 21.72 Proved + Probable 19.00 16.69 18.82 FD&A costs(1) (/boe) Proved 22.04 14.15 20.41 Proved + Probable 18.44…
  8. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 8
    Q1 2011 Operating Results Quarter Ended 2011 2010 2009 Average sales price Natural gas (/Mcf) 4.02 5.42 6.53 Natural gas liquids (/Bbl) 58.66 53.94 39.19 Oil (/Bbl) 65.68 68.14 55.30 Average daily production Natural gas…
  9. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 9
    Q1 2011 Financial Results Quarter Ended 2011 2010 2009(1) Capital expenditures ( millions) 39,776 75,818 81,224 Funds from operations ( millions) 33,299 53,107 56,663 /share, basic 0.36 0.60 0.72 /Boe 14.19 20.72 24.06 Net…
  10. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 10
    Reserves Growth Per Share June 2011 Corporate Presentation
  11. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 11
    2011 Business Plan 2011 2010 2009 Guidance Actual Actual Capital expenditures ( millions) 160(1) 225 310 Wells drilled (total Hz) 60(50) 70(41) 60(10) Production (Boe/d) 25,000-26,000 28,343 26,958 Oil and liquids weighting 32%…
  12. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 12
    2011 Operational Priorities Focus on discipline, execution and profitability Drilling program of high return projects with emphasis on near-term cash flow Improve capital efficiencies and operational execution Core capital program…
  13. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 13
    Core Regions Core Regions Production (Boe/d) 1. Deep Basin 14,600 2. W3/W4 7,450 3. NW AB/NE BC 4,450 26,500 June 2011 Corporate Presentation
  14. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 14
    W3/W4 Birdbear Heavy Oil Hallam Strong Heavy Oil Economics 15o API Oil 2.5% royalty on 100 Mboe Zoller Lake Payout < 6 months; Recycle ratio 2x Hallam (76% WI) 18 wells drilled 10 development locations Zoller Lake (76% WI) Four…
  15. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 15
    Pembina/Ferrier Notikewin/ Spirit River Emerging liquids-rich natural gas play - economic at current natural gas prices due to liquids 270 gross sections (66% WI) Estimated reserves of 2-4Bcf raw gas/well and liquids yield of 25-40…
  16. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 16
    Wapiti Montney 2011/12 Capital Program Emerging high value liquids-rich natural gas resource play; area of increasing industry interest 154 gross sections (95% WI); 400 upper Montney potential Hz locations 11 P+P Hz wells booked -…
  17. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 17
    Wapiti Cardium Large oil and natural gas liquids in place Excellent well control zone geologically consistent Apply new technology to enhance recovery and economics 145 gross contiguous sections (65% WI); potential for 500 Hz…
  18. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 18
    Conclusion Sustainable business model with growth from existing asset base New CEO with team of talented, engaged and accountable employees Improved financial flexibility Largest opportunity inventory in our history with balance…
  19. JUNE 2011 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 19
    Appendix 1 Commodity Price Risk Management Natural Gas Volume Differential Period (Mcf/d) Nymex Differential US/Mcf 40,000 (0.46) 04/01/11 - 10/31/11 Nymex Differential US/Mcf 30,000 (0.51) 11/01/11 03/31/12 Nymex Differential US/Mcf…

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