Bonavista / Peters & Co September, 2010 Opportunistic Disciplined Profitable Peters & Co North American Oil & Gas Conference Toronto, September 14 16, 2010 Bonavistas History Established by current management in 1997…
Bonavista / Peters & Co September, 2010 Track Record of Value Creation Production Growth Trust Phase (sustainable) 55.3 Natural gas 53.2 Oil and liquids 52.6 52.5 (mboe/d) 50.8 Intermediate Phase (moderate growth) 42.6…
Bonavista / Peters & Co September, 2010 Track Record of Value Creation Bonavista Total Return S&P/TSX Index S&P/TSX Exploration & Production TR Index 5,500 100 invested in BNP in November, 1997 would be worth 4,314 5,000 100…
Bonavista / Peters & Co September, 2010 Our Next Phase Planning our conversion to a dividend paying corporation at the end of 2010 Pursuit of a hybrid business model offering a combination of sustainable growth and income…
Bonavista / Peters & Co September, 2010 Application of Technology Increasing our use of horizontal multi-stage fracture technology 80% 70% 75% Improving capital efficiencies through a reduction 60% in geological risk and…
Bonavista / Peters & Co September, 2010 Our Assets: Deep Basin Exposure Three core regions offering geological diversity Significant asset exposure within Deep Basin Increasing our focus on high impact drilling locations…
Bonavista / Peters & Co September, 2010 The Premium Offered by Liquids Rich Natural Gas Equivalent gas price including value of NGL's 8.00 7.56 6.90 7.05 7.00 6.52 6.19 6.25 5.83 5.94 6.00 5.57 5.00 /mcf 4.00…
Bonavista / Peters & Co September, 2010 Emerging Deep Basin Plays Bonavistas Deep Basin Targets: Glauconite Eastern Edge Bluesky of Deep Basin Montney Rock Creek Wilrich Edmonton Notikewin Viking Lower Mannville Doig…
Bonavista / Peters & Co September, 2010 Glauconite: Typical Development 10,000 Section 15-042-04W5 Glauconite Production 1,000 mcf/d (raw) Cumulative Prod: 1.2 bcf Area: 256 ha Net Pay: 16 meters 100 Avg Porosity:…
Bonavista / Peters & Co September, 2010 Glauconite: Horizontal Economics per well All-in Capital (000s) 2,500 P+P Reserves (Mboe) 400 F&D Cost (/boe) 6.25 IP (3-month) Average Production (boe/d) 460 Production Addition…
Bonavista / Peters & Co September, 2010 Bluesky: Deep Basin Opportunity Large OGIP reservoir acquired in Pine Creek transaction Development to date consisting predominantly of vertical wells Reservoir parameters are analogous…
Bonavista / Peters & Co September, 2010 Montney: Deep Basin Opportunity Montney resource play exposure: Accumulated land position of 55 net SRX sections undisclosed Town PRQ Upper and lower Montney 6.7 mmcf/d are…
Bonavista / Peters & Co September, 2010 Emerging Plays - Montney Kobes Town Blueberry 0m Upper Montney 50m 100m Montney: Blueberry Vertical Test 2.6 mmcf/d Area: 284 ha Height: 70 meters Porosity: 4.5%…