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MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd.

Nuvista Energy Ltd. · Mar 14, 2013 · 34 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. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 1
    NUVISTA ENERGY LTD. CORPORATE PRESENTATION MARCH 2013
  2. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 2
    Corporate Strategy: Building a profitable and growing Intermediate Energy Producer Transformed NuVista in a challenging natural gas price environment Built foundation for future Alberta Montney success at Wapiti has proven significant…
  3. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 3
    We have sharpened our Focus Growth Model based on Condensate-Rich Wapiti Montney Focused on Wapiti Condensate-rich Montney Transformed company in 2012 WAPITI Focused on advancing Montney GRANDE PRAIRIE Divestitures of 238 million…
  4. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 4
    Montney Fairway World Class resource play MONTNEY GAS PLAY NEBC AND NWAB Montney fairway over 300 miles long x 60 miles wide Multiple Play-Types 1. Shale Gas (Predominantly Dry Gas) Town 2. Condensate-Rich Deep Basin Gas…
  5. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 5
    Wapiti Montney Porous and Permeable Geological characteristics of a world class resource play 1. Porous and Permeable Hydrocarbon filled porosity up to 9% (typically 4-5%) Sand/silt reservoir exhibits much better permeability…
  6. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 6
    Wapiti Montney Repeatable and scalable Geological characteristics of a world class resource play 1. Porous and Permeable Hydrocarbon filled porosity up to 9% (typically 4-5%) Sand/silt reservoir exhibits much better permeability…
  7. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 7
    Wapiti Montney Thick resource Geological characteristics of a world class resource play 1. Porous and Permeable Hydrocarbon filled porosity up to 9% (typically 4-5%) Sand/silt reservoir exhibits much better permeability than shale…
  8. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 8
    Wapiti Montney Condensate-rich Geological characteristics of a world class resource play 1. Porous and Permeable Hydrocarbon filled porosity up to 9% (typically 4-5%) Sand/silt reservoir exhibits much better permeability than…
  9. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 9
    Wapiti Montney Bullseye: World Class resource World Class condensate-rich natural gas play 1. Repeatable and Scalable 2. Very Good Porosity and Permeability 3. Thick 4. Condensate-rich Total Liquids Yields Scalable (Bbls/MMcf)…
  10. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 10
    Focus on Wapiti Montney with the bonus of up-hole potential MONTNEY FAIRWAY CARDIUM DUNVEGAN WAPITI CADOTTE NOTIKEWIN FALHER BLUESKY GETHING CADOMIN NIKANASSIN A NIKANASSIN C Wapiti Montney has a younger…
  11. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 11
    Our Wapiti Up-hole Land Has Significant Overlap With our Montney Land Rights Multi-zone deep-basin sweet gas and oil Wapiti Up-hole Zones - Acreage 71 Acres Area of 000's Cardium Dunvegan Falher Cadomin Nikanassin 70 Montney Gross…
  12. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 12
    Alberta Montney Focus Repeatable and scalable Offsetting industry developments add to our own momentum 71 Condensate-rich gas accumulation proven over 120 km trend 70 Increased NuVista's land position by 16% Elmworth Sino-Day, Encana,…
  13. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 13
    Land Transactions Increasing trend in land sale values Wapiti Area Montney Rights Crown Land Sales - 2010-2013 Consistent interest in 12,000 3.0 crown land sales during last 6 months 10,000 2.5 New highs for crown TOU / PMT Lands…
  14. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 14
    Alberta Montney Select industry landholdings and drilling activity 71 NuVista Paramount 70 7 Gen 69 Celtic CIOC 68 Sinopec Daylight 67 Tourmaline/ Perpetual 66 EnCana 65 64 63 Best approximation of industry land…
  15. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 15
    Alberta Montney Focus NVA wells drilled T69 doubles to 20 by YE 2013 NVA wells on production triples to 15 by YE 2013 T68 Balance drilling North/South blocks Balance delineation and development Industry well counts on same trend,…
  16. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 16
    Montney Performance - First 5 Wells Meeting 4.4 Bcf raw* typecurve expectations and exceeding on liquids 1,400 Typecurve Yields Actual Yields to Date (Shallow Cut) (Shallow Cut) 50 Bbls/MMcf 59 Bbls/MMcf 1,200 5 5 Condensate 8 10…
  17. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 17
    Original Typecurve Original Typecurve Compelling Economics c3, 5 c4, 10 with line-of-sight to exceptional c5+, 35 Early Pilot Wells, Long Tie-ins** 2013-14 Dev Wells** Typecurve Upside** c3, c3, 5 c4, 5 8 c4, 8 c5+,…
  18. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 18
    Alberta Montney Focus Access to short and long-term egress Alliance Sales Future Option 1 Loop portion of SemCAMS Pipeline to existing K3 plant. Future Option 2 CNRL Gold Creek facility Future Option 3 Paramount 6-18 facility…
  19. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 19
    We Have Demonstrated Continuous Improvement in Execution and Cost 6,000 5,600 Drilling Building operational efficiency is critical to 5,500 resource play development success 5,000 NuVista is delivering on our promise to Cost…
  20. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 20
    Larger Frac = Better Wells Big Frac vs. Regular Frac Comparison 10,000 9,000 8,000 Initial 30 Day Rate (Mcf/d) 7,000 Big Slick Water Frac 6,000 5,000 N2 Foam 4,000 Regular Slick Water Frac 3,000 2,000 1,000…
  21. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 21
    Original Type Big Frac Curve Raw Gas EUR (bcf) 4.4 bcf 7.5 bcf Effects of Bigger Fracs Raw Gas IP (mcf/d) 7.0 MMcf/d 10 MMcf/d (Public industry offset data) Water Frac 8,000 m3 13,000 m3 Volume (m3) Original Type Curve Big Frac…
  22. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 22
    NuVista Montney Economic Sensitivities are Moving to the Right NuVista Montney Economic BASE Sensitivities - NPV Cumulative 2.5 3.3 4.4 6.0 7.5 Raw Gas (bcf) Bcf C5+ Recoveries 20 30 35 45 60 (bbl/mmcf) Bbl/MMcf D Gas…
  23. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 23
    Alberta Montney Focus Economics driven by condensate Condensate is used as a diluent to ship heavy oil on pipelines Condensate in Alberta is priced at a premium to C WTI and Edm Par crude oil Premium for condensate will always reflect…
  24. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 24
    Contingent Resource Identified…
  25. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 25
    Type Log and Stratigraphic Definition We've only drilled and booked part of the Middle Montney so far 12-23-66-7W6 Sand dominated reservoir Gamma Effective Gas LST PhiD Ray Phi NVA Middle Montney 'C' 120m NVA Middle…
  26. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 26
    North South X-Section Next stop: moving contingent resources coverage outward and deeper 10-26-67-7W6 NuVista has only GF Phi Litho 4-23-69-8W6 10-34-65-6W6 booked contingent GF Phi Litho GF Phi Litho resource in 1 of 3 Montney…
  27. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 27
    Middle Montney Contingent Resource* Significant scale and value independently verified Discovered Petroleum Initially-In-Place(1) Contingent resource assigned to approximately of NuVista's land base to Cumulative Production (2) 0.0018…
  28. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 28
    2012 YE Reserves Divestitures Offset by the power of the Montney Engine starting 2P Reserves by Area 2P Reserves increased 16%* 19% W3W4 16% W5 2P D.A. Reserves / sh increased by 8% W6 (ex-Montney) W6 Montney Replaced 315% of…
  29. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 29
    2012 YE Reserves Low Cost Reserve Additions in the Montney Finding and Development Costs (1) Montney Reserves Growth (2P) 30.00 /boe 70 25.00 Mmboe 60 20.00 50 40 End 2013, 15.00 expect 30 10.00 cum 20 15.53 20 wells 13.16…
  30. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 30
    Progressing the Montney Plan 2011 2012 2013 NVA Producing Horizontal Wells 1 5 16 (Cumulative) Rigs Drilling 0-1 1-2 2-3 Annual Production 281 1,265 (boe/d) *2P Reserves 12 MMBoe *Best Estimate 200 MMBoe Contingent…
  31. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 31
    2013 Business Plan & Guidance Moved from 1 rig to 2 rigs in the Montney - November 2012 2013 H1 approved capital expenditure budget 110MM, less in 2013 H2, but potential to dial rigs upwards or downwards as fiscal environment/balance…
  32. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 32
    NuVista: Looking Forward the corner has been turned Solid balance sheet & evergreen non-core divest program ongoing Focused and repeatable Costs falling, liquids rising Accelerating on the back of Montney success What's next…
  33. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 33
    Commodity Price Risk Management WTI Oil Crude Oil Hedge Position 2,500 96.00 94.00 Hedged Volume, Bbl/d 2,000 92.00 Price, C/bbl 90.00 1,500 88.00 1,000 86.00 84.00 500 82.00 0 80.00 2013 Q1 2013 Q2 2013 Q3…
  34. MARCH 2013 CORPORATE PRESENTATION – Nuvista Energy Ltd. – slide 34
    Commodity Price Risk Management AECO Natural Gas Natural Gas Hedge Position 45,000 4.00 40,000 3.50 Hedged Volume, GJ/d 35,000 3.00 30,000 Price, C/GJ 2.50 25,000 2.00 20,000 1.50 15,000 1.00 10,000 5,000 0.50…

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