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MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp

Bonterra Energy Corp · Mar 10, 2015 · 22 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 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 1
    BONTERRA ENERGY CORP. MARCH 2015 YIELD GROWTH SUSTAINABILITY
  2. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 2
    RATE OF RETURN SUPERIOR LONG-TERM RETURNS TO SHAREHOLDERS Combined Share Price Dividend * Based on March 3, 2015 closing price of 41.82 75.90 41.82 34.08 1998 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011…
  3. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 3
    DIVIDEND HISTORY 0.40 0.35 0.30 0.30 0.29 0.28 0.26 0.25 0.24 0.22 0.21 0.20 0.18 0.16 0.16 0.15 0.15 0.14 0.12 0.10 0.05 - 3
  4. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 4
    CURRENT SNAPSHOT CORPORATE PROFILE Shares outstanding 32.1 million Market capitalization 1.34 billion Insider ownership 12% Current monthly dividend 0.15 per share Current annualized yield(1) 4.3% Oil and liquids weighting Q4 71% (6%…
  5. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 5
    FINANCIAL RESULTS HIGHLIGHTS Q3 9 Months Year (000s except per share amounts) 2014 2014 2013 Funds Flow 57,705 177,739 181,574 Per share basic 1.80 5.57 6.01 Payout ratio 50% 47% 55% Cash from other sources (3) 7,500 39,000 32,903…
  6. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 6
    GUIDANCE OUTLOOK NINE MONTHS YEAR 2013 (000s except per boe amounts) 2014 GUIDANCE 2014 ACTUAL Average production 12,400-12,700 boe/d 13,096 boe/d 12,190 boe/d Operating costs 13.00/boe 14.37/boe(2) 12.77/boe Corporate netbacks…
  7. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 7
    PRODUCTION FORECAST Base Spartan HZ Pembina Acquisition Capital Forecast 16,000 14,000 12,000 10,000 BOE/d 8,000 6,000 4,000 2,000 0 Month Note: Capital expenditures 2016 are not included in this…
  8. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 8
    CASH FLOW SENSITIVITIES Per Annum Cash Flow Sensitivity Analysis(1) (estimate for 2014) Cash Flow(3) Per Share(2) Change of U.S. 1.00 per barrel of oil and NGLs 2,528,000 0.08 Change of Canadian 0.10 per MCF of natural gas 786,000…
  9. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 9
    INCREASING SHAREHOLDER VALUE Production per Share Production Profile (boe per share) 0.147 0.150 0.124 0.119 0.109 29% Natural Gas 0.101 71% Oil/NGLs 13,195 12,190 2009 2010 2011 2012 2013 2014 Gross Production (boe per…
  10. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 10
    INCREASING SHAREHOLDER VALUE Reserves per Share Reserves Profile (boe per share) (Proved plus Probable) (Proved plus Probable) 2.47 2.50 2.28 2.09 2.13 29% Natural Gas 1.99 71% Oil/NGLs 80,248 74,981 2009 2010 2011 2012…
  11. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 11
    PEMBINA ACQUISITION R11 R10 R9 R8 R7 R6 R5W5 DEAL RATIONALE Pembina Cardium Tuck-In T51 Operational Synergy / Facility Consolidation T50 1,800 Boe/d 86% Oil & NGLs T49 7% Decline Reserves (Proved) 9,861 MBOE T48 Reserves…
  12. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 12
    CARDIUM LANDS LAND Average working interest 76% Bonterra operates 88.5% of its total production Reserve life index (Proved) 11 years Reserve life index (P+P) 16 years Reserves (P+P) 93.3 MBOE Land position 292 gross (201…
  13. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 13
    PEMBINA CARDIUM ORIGINAL OIL IN PLACE PER SECTION RECOVERY FACTOR 0 to 5,000 Mbbl 0% 5,000 to 10,000 Mbbl 5% 10,000 to 20,000 Mbbl 10% 20,000 to 25,000 Mbbl 15% 25,000+ Mbbl 20% 25% KEY CHARACTERISTICS Pembina is the…
  14. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 14
    PEMBINA CARDIUM DEVELOPMENT CONVENTIONAL VERTICAL DEVELOPMENT 4 vertical wells Estimated ultimate oil recovery: 378,000 Bbl Recovery factor: 3.3% 8 HZ WELLS* PER SECTION DEVELOPMENT Estimated ultimate oil recovery: 1,178,000 Bbl…
  15. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 15
    DRILLING INNOVATION Spud to Rig Release Normalized to 3,000m MD 20 15 DAYS 10 5 0 2008 2009 2010 2011 2012 2013 2014 2015 YEAR Transition from intermediate casing design to monobore design Advances in bit…
  16. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 16
    COMPLETION INNOVATION TRANSITION FROM OPEN HOLE TO CASED HOLE Increased recovery Accurate and even placement of fracs Increased number of fracs per well. Reduced costs per frac Packers Cemented 100,000 90,000 80,000 70,000…
  17. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 17
    PAD DEVELOPMENT ADVANTAGES ASSEMBLY LINE DEVELOPMENT Concentration of activity that dramatically increases capital efficiencies and minimizes surface disturbance 17
  18. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 18
    PEMBINA CARDIUM DEVELOPMENT 13 12 11 10 9 8 7 6 5 4 3 2W5 51 50 49 48 47 46 45 18
  19. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 19
    CARNWOOD AREA Drilled 2015 Completions 2015 Drills Potential locations Sections: 38 gross (35 net); Locations (6 to 8 wells per section): 300 gross (280 net) 19
  20. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 20
    AVERAGE BNE CARDIUM ECONOMICS BNE AVERAGE HZ METRICS 300 Total capital costs per well (MM) 2.6 Reserves per well (MBOE) 165 IP (1 month) (boe/d) 255 250 IP (12 months) (boe/d) 124 Internal rate of return (% BT) 71 200 Payout…
  21. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 21
    WHY INVEST IN BONTERRA QUALIFIED AND EXPERIENCED STAFF SUSTAINABLE FOCUS ON PER DIVIDEND SHARE GROWTH LARGE INVENTORY CONCENTRATED BONTERRA OF HIGH QUALITY ASSET BASE DRILL LOCATIONS FOCUS ON GOOD ACCESS TO TECHNOLOGICAL…
  22. MARCH 2015 INVESTOR PRESENTATION – Bonterra Energy Corp – slide 22
    CORPORATE INFORMATION BOARD OF DIRECTORS BANKERS G. J. Drummond CIBC, Calgary, Alberta G. F. Fink National Bank of Canada, Calgary, Alberta R. M. Jarock J. P. Morgan, Calgary, Alberta C. R. Jonsson TD Securities, Calgary, Alberta R. A.…

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