POSITIONED FOR LONG TERM SUSTAINABILITY TSX: SGY MARCH, 2015
RECENT DEVELOPMENTS Strong 2014 Reserve Additions, Record Production Levels 2014 Year End Reserve Highlights New NAV of 7.36 per share (December 31, 2014) NAV based on a flat US68 WTI per barrel price deck(1) is 5.37 per share…
REASONS TO OWN SURGE Operated, high quality, low decline asset base High quality light/medium crude oil asset base; low…
FIRST HALF 2015 CAPITAL PROGRAM US58 WTI Protecting NAV and balance sheet through conservative capital spending OPERATIONAL Average Production (boe/d) for 1H 2015 20,000 (83% Oil/NGLs) Capital Spending for 1H 2015 22 million Wells…
ELITE ASSETS FOCUSED IN THREE CORE AREAS Large OOIP pools located in established oil charged trends Surge 2014 Exit Production: Total: 21,350 (84% Oil & NGLs) Western Alberta Production: Total: 6,700 (67% Oil & NGLs) SE…
CORE AREA DETAILS 2 Billion bbls OOIP with potential to recover an additional 247 Million bbls net to Surge OOIP (MMbbls) Drilling Locations Avg. CTD(1) Oil Total Booked Independent (1) Internally Estimated Ultimate Core Area…
TOP TIER CAPITAL EFFICIENCIES AND REPLACEMENT METRICS Large opportunity base allows for selective and efficient capital allocation (1) Areas/Formations Rates of Return % Capital Drill/ Complete/ Mboe/well Core Area 180 day IP…
QUALITY WATERFLOOD PROJECTS Increasing reserves / flattening declines through waterflood implementation Current Properties Under Full Commercial Waterflood Area Formation Start Date 2014 Decline Current RF Booked RF Expected RF…
SOUTHWEST SASKATCHEWAN - SHAUNAVON 450MM barrels of Net OOIP in the Upper and Lower Shaunavon combined 450 MMbbls of Net OOIP in the Lower and Upper Shaunavon formations (medium gravity oil) Current recovery factor 1.0% Rates of…
UPPER SHAUNAVON Large contiguous undeveloped land position in the Upper Shaunavon trend R21W3 R19W3 Area/Pool Well Count Depth OOIP Cum Oil Peak Rate Current Rate T10 Instow Vt Hz (m) (MMbbl) (MMbbl) (bbl/d) (bbl/d) Leitchville…
UPPER SHAUNAVON ACTIVITY 250MMbbl OOIP on Surge lands in the Upper Shaunavon R20W3 R19W3 R18W3 CPG U. Shvn Hz T7 191/13-20-006-19W3 On Prd Mar 2011 IP(90) = 109 BOPD Cum(YTD) = 24.5 mbbl Upper Shaunavon A Sand SGY Q4 14…
UPPER SHAUNAVON PERFORMANCE Surge results in the Upper Shaunavon exceeding expectations Upper Shaunavon - SGY Results vs Type Curve 300 Production Rate (bopd), Cumulative Oil Production (mbbls) 250 SGY Wells Normalized Rate…
SOUTHEAST SASKATCHEWAN - WILLISTON BASIN Midale, Macoun and Pinto Areas Large Fee and Crown position in Midale Carbonate trend 290 MMbbls of Net OOIP (27-39 degree API) Current recovery factor 5% of OOIP Midale Weyburn Rates of…
SOUTHEAST ALBERTA Provost / Eyehill / Wainwright Areas Oil saturated Cretaceous Sands Wainwright 400 MMbbls of Net OOIP (23-31 degree API oil) Current recovery factor of 15% Eyehill Sparky waterflood started in Q4 2014 and…
WESTERN ALBERTA 195MMbbls Net OOIP in Oil rich Doig and Doe Creek Formations Valhalla Doig 130 MMbbls of Net combined OOIP at Valhalla and Doe Creek Wembley (40 degree API light oil) Oil Pool Rates of return of 62% (1) Current…
RISK MANAGEMENT / HEDGING STRATEGY Oil Hedges The Company has an orderly, on-going, 89.00 risk management / hedging program 7,500 designed to lock in future cash flows to protect the Companys capex program 84.00 and fund…
2014 YEAR END RESERVES 2.0 Billion of Total Proved plus Probable Reserves Value (NPVBT10) 2014 Year End Reserves Oil& NGLs Gas Total Reserve Category NPVBT10 (MM) (1) (Mbbl) (MMcf) (Mboe) Proved Producing 36,834 51,587 45,431…
POSITIONED FOR LONG TERM SUSTAINABILITY Low base…
HIGH QUALITY CRUDE OIL ASSET BASE Focused, high quality, crude oil asset and opportunity base; core properties are 100% operated with working interests of 90% Elite, large OOIP crude oil reservoirs with low recovery factors; 15…
ANALYST COVERAGE Financial Institution Analyst Email Address BMO Capital Markets Jim Byrne jim.byrnebmo.com Canaccord Genuity Anthony Petrucci apetruccicanaccordgenuity.com CIBC World Markets Inc. Jeremy Kaliel jeremy.kalielcibc.ca…
CORPORATE PARTNERS Advisors National Bank of Canada Bank of Nova Scotia Canadian Imperial Bank of Commerce Toronto-Dominion Bank Bankers: Bank of Montreal JPMorgan Chase Bank, N.A. ATB Financial HSBC Bank Canada Auditor: KPMG…
ENDNOTES Slide 2: (1) Price deck assumes US68 WTI per barrel, escalating 2 percent annually; USD/CAD FX rate of 0.80; Natural gas pricing of 3.25 per mmbtu Henry hub, escalating 2% annually. (2) USD WTI hedges have been converted to…
NON-GAAP MEASURES NON-GAAP MEASURES This presentation includes non-GAAP measures as further described herein. These non-GAAP measures do not have a standardized meaning prescribed by International Financial Reporting Standards (IFRS…
Loading...
