NUVISTA ENERGY LTD CORPORATE PRESENTATION FirstEnergy Conference, Toronto November 15th & 16th, 2011
Corporate Profile Focused on three key plays: Highest return projects Projects with significant long term potential 2011 drilling program emphasizing oil and liquids-rich natural gas opportunities Disciplined business approach…
Diversity Across Three Core Regions 2011 Average Total Net Core Regions Production Acreage Key Product (Boe/d) 1. Deep Basin 13,400 380,277 Liquids-Rich Gas 2. W3 / W4 7,900 859,612 Oil & Gas 3. NWAB/NEBC 4,100 335,296 Oil &…
Three Key Investment Areas, Development Drilling & Inventory De-risking Continues 400+ Hz Upper Montney location potential Abundant other zones 75+ Hz Spirit River & Notikewin location potential Abundant other zones 50+ Hz…
NuVista Play Potential A Focus on Liquids W6 Wapiti W5 W3/W4 Oil Cardium Cardium McLaren Dunvegan Dunvegan Waseca GP Falher Notikewin Rex Nikanassin Spirit River Lloyd Upper Montney Ostracod Cummings Lower Montney Rock…
W5 Spirit River/Notikewin Momentum Building in a Strong Core Area Growing inventory of Hz locations to 75 Line of sight to 7 year drilling inventory Broadening geographic focus of drilling 1-15 Notikewin - Test 5.4 MMcf/d 6 Mpa…
W5 Area Hz Multi-Frac Well Type Curve Spirit River B HzWells Alder Flats Type Curve Initial Rate 5.4 MMcf/d Ultimate Recoverable 3.4 Bcf Unrisked Well Economic Indicators: Drill 2.5 - 3MM NPV 5.5MM Complete 1.5MM PIR 1.0 Equip &…
W3/W4 Heavy Oil Exceptional Economics, Record Volumes Hallam & Zoller Lake Birdbear Record oil volumes peaking in October 2011, at 3,000 Bbls/d gross from 700 Bbls/d a year ago Costs down 10% - 20% per well on repeatable pad…
W3/W4 Birdbear Heavy Oil Exceptional Economics, Record Volumes 4,000 WC Sask Birdbear Production (All) 3,500 Gross Oil (Bbls/d) 3,000 2,500 2,000 1,500 1,000 500 0 Nov. Nov. 2010 2011 November 2011 Corporate…
W3/W4 - Zoller and South Hallam Type Curves and Economics 180 Zoller Birdbear Type Curve Initial Rate 175 Bbls/d 160 Ultimate Recoverable 80 mstb 140 Zoller Realized Economic Well Results: Drill 0.8MM NPV 1.9MM 120 Complete…
W3/W4 - Lloydminster Oil Development Hz pilot well success: H2/2011 follow-up Hz IP 140 Bbls/d Initial Hz pilot well drilling Current rate 105 Bbls/d Cumulative 30,000 Bbls/d in just 10 months to date Follow-up development…
A Regional View of the Alberta Montney Upper Montney Wet ALBRIGHT Upper Montney Conventional Liquids-Rich Gas NVA land position of 155 net Resource Play sections Fairway Upper Montney In the heart of the Liquids-Rich Top Zone…
W6 Wapiti Montney 2011/12 Capital Program Piloting a Significant Future 5 well pilot program continues through to Q2/2012 Drilling execution on track Construction of compressor station jointly owned with partner brings capital and…
W6 Wapiti Montney Type Curve and Economics Liquids Make the Play Shallow Cut With Current Capex Economics Assumptions: Drill 5.05.5MM NPV 4.4MM Complete 2.32.8MM PIR 0.5 Equip & Tie-in 0.7MM RR 2.9 Total Capital 8.09.0MM ROR 30%…
W6 Wapiti - Significant Further Sweet Upside Cardium Oil & Liquids-Rich Gas November 2011 Corporate Presentation
W6 Wapiti - Significant Further Sweet Upside Falher C Liquids-Rich Gas Falher channelized zone area of interest November 2011 Corporate Presentation
W6 Wapiti Significant Further Sweet Upside Falher C Continues to Impress Falher C test 14.9 MMcf/d at 18 Mpa Free Condensate 10 Bbls/MMcf Total liquids 60+ Bbls/MMcf of C2+ Well being tied in currently 51% NVA working interest…
W6 Wapiti - Significant Further Sweet Upside Nikanassin A Liquids-Rich Gas November 2011 Corporate Presentation
W6 Wapiti - Significant Further Sweet Upside Nikanassin C Liquids-Rich Gas November 2011 Corporate Presentation
W6 Wapiti - Significant Further Upside Exists Lower Montney November 2011 Corporate Presentation
Our 2011 Business Plan Focuses Investment in the 3 Key Areas 2011 Guidance Capital Expenditures 160 - 165 MM Wells drilled 60 Production 25,200 25,600 Boe/d Oil and liquids weighting 32% Funds from operations 150 160 MM /share,…
Our 2012 Business Plan Balances Capex with Cash Flow 2012 First Half Guidance Capital Expenditures 70 - 80 MM Wells to drill 15 Production 24,500 - 25,500 Boe/d Oil and liquids weighting 31% Funds from operations 65 - 75 MM…
Conclusion Focused on three key plays: Highest return projects Projects with significant long term potential W3/W4 Oil and W5 Liquids-Rich Gas Hz results and momentum are growing Wapiti Montney and W5 Liquids-Rich Gas upside…
Appendixes November 2011 Corporate Presentation
Appendix 1 Commodity Price Risk Management Average Average Crude Oil Volume Floor Cap Premium Period (Bbls/d) Put Option WTI (C/Bbl) 3,000 88.03 9.29 Q4 2011 Put Option WTI (C/Bbl) 2,000 88.55 9.43 Q1 2012 Fixed Price Swap WTI…
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