Intermediate, Commodity Balanced Resource Company with a Sustainable Dividend Model National Bank Financial Energy Income Conference September 4, 2013
Sustainable Yield Model Attractive Valuation 20 % base 15 decline rate % current yield(1) 17,000 boe/d current estimated field production 525 million enterprise value(1) 0.27 dividend/year 50 % oil & liquids…
Core Focus Areas Low Decline and Balanced Production Dixonville: Corporate Data: Q2 2013 production: 3,558 boe/d Q2 2013 average production: 16,362 boe/d Base decline rate: 10% Oil & Liquids 90% Base decline rate: 20% Oil & Liquids…
Investment Highlights Sustainable dividend-paying model Target dividend payout of 30% of cash flow (100% All-in Payout) Cdn 0.0225 monthly cash dividend (0.27/share/year) Mature, low decline producing assets coupled with capital…
Corporate Information Lead Bankers: National Bank of Canada Toronto Dominion Bank Transfer Agent: Olympia Trust Company Auditors: PricewaterhouseCoopers LLP Legal Counsel: Norton Rose Canada LLP Blakes, Cassels & Graydon LLP…