TD Securities London Energy Conference 2012 Rob Peabody, COO January 16, 2012
Husky Snapshot Amongst largest Canadian integrated energy companies Listed on the Toronto Stock Exchange (TSX HSE, HSE.PR.A) 21 billion market cap (1) 25 billion enterprise value (1) Growth + Dividend value proposition Strong…
Strategic Building Blocks Near-term Mid-term Long-term 0 2 years 3 5 years 5+ years Upstream Acquisitions Asia Pacific Oil Sands Oil Sands Atlantic Region Regenerate the Western Canada and Heavy Oil foundation Value…
Achieving Targets Production Proven Reserve Replacement Ratio 350 9% increase 200 300 (mboe/day) 170% 174% (%) 312 150 287.1 250 200 100 2010 2011F 2010 2011F - Target: 3-5% CAGR over plan period - Target: Reserve…
2012 - Building on Established Momentum Capital Expenditures(billions) Production (mboe/day) 4.7 4.7 Acquistions 5 350 2012 Guidance 100-110 95-105 94 -102 Western Canada 95 - 105100 - 110 94 -102 300 290 315 mboe/day 4…
Western Canada Maintain production at existing levels (160,000 boe/day) Resource Plays Reinforce key technical and execution skills Exploit plays on existing land base Build material position in emerging oil and gas resource…
Transitioning to Oil & Liquids Rich Resource Plays Anticipated Western Canada Production Shift Conventional Resource 2016 2015 2014 2013 2012 Blue denotes Husky land 7
Oil Resource Portfolio Highlights Oil Resource Play Primary Net Acreage (Acres) 2011 Highlights Planned 2012 Activity Formation Producing 11 wells drilled and Drill and produce 12 Oungre Bakken 18,000 on production additional…
Gas Resource Portfolio Highlights Gas Resource Play Primary Net Acreage 2011 Highlights Planned 2012 Activity Formation (Acres) Producing 5 wells drilled and No additional drilling Bivouac Jean Marie 375,000 Commercial on…
Technology Drives Heavy Oil Production Heavy Oil Continue primary production Expand thermal production Pikes Peak South and Paradise Hill expected start-up in 2012 Targeted to increase sustainable thermal production to 35,000…
Oil Sands Safely execute Sunrise Phase 1 on time and on budget Advance early engineering for Sunrise Phase 2 Design Basis Memorandum (DBM) and Front-End Engineering and Design (FEED) Commercialize strong resource position…
The Sunrise Energy Project Top tier oil sands project utilizing established technologies In-situ SAGD development Regulatory approvals in place for initial phases up to 200,000 bbls/d (Phase 1 60,000 bbls/d gross) Phase 1 drilling…
Sunrise Phase 1 - Estimated Cost Structure Fixed Unit Lump sum convertible and complete fixed unit price contracts Fixed Unit make-up about 2/3 of total costs Risk of cost inflation contained Lump Sum Work advanced on higher risk…
Saleski 975 sq. km carbonate land position; West of Fort McMurray Contingent resource: 9,960 mmboe1 Target pilot bitumen production in 2016 Husky Saleski land-holding (1) Husky W.I. 100%; evaluated by GLJ; effective Dec. 31,…
Commercializing the Strategy Producing Commercial Delineate/De-Risk Prospect Inventory Development Western Canada Conventional Oil & Gas Duvernay Horn River Ansell Cardium Rainbow Muskwa Viking Montney NWT Canol Oungre Bakken…
Advisories The Company uses the terms barrels of oil equivalent (boe) and thousand cubic feet of gas equivalent (mcfge), which are calculated on an energy equivalence basis whereby one barrel of crude oil is equivalent to six thousand…
Advisories Note to U.S. Readers The Company reports its reserves and resources information in accordance with Canadian practices and specifically in accordance with National Instrument 51-101, Standards of Disclosure for Oil and Gas…
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