2011 Year-end Highlights Announced new core areas in Alberta Beaverhill Lake light oil resource play and North Dakota Bakken / Three Forks play Exceeded annual and exit production targets despite unprecedented flooding in…
Q1 2012 Highlights Record production of 90,285 boe/d with approximately 7,000 boe/d of organic growth Record cash flow 1.34/share and payout ratio of 51% Strategic acquisitions of 1.3 billion consolidating core areas Strong…
2012 Production Guidance Production Growth Oil & NGLs (bbls/d) 80,450 100,000 (boe/d) 90,000 80,000 Gas (mcf/d) 48,300 70,000 60,000 TOTAL (boe/d 6:1) 88,500 50,000 40,000 30,000 20,000 Forecast exit 97,500 boe/d 10,000…
10 Years of Reserves Growth Proved(1) P+P(1) Reserves Oil & NGLs (P+P MMboe) (MMbbls) 300.8 456.7 500 450 Natural Gas (bcf) 155.4 240.3 400 350 Boe (MMboe) 326.7 496.8 300 250 2011 Reserves including 2012 Acquisitions(1): 200…
Focused Reserve Base Low-risk, predictable production and reserve base Greater than 85% operated High working interests averaging approximately 80% 7,450(1) locations of low-risk development inventory Plans to drill 408 net…
Business Strategy Develop and exploit Increase recovery factors through infill drilling, waterflood optimization and improved technology Acquire Focus on high-quality, large resource-in-place pools with production and reserves…
Hedging Strategy 45,000 61% Oil Hedges 70% Provide greater 40,000 60% stability to 52% 35,000 30,000 50% dividends 33% Hedge up to bbl/day 25,000 40% 20,000 30% 15,000 65% net of 14% 20% 10,000 10% royalty…
Large Oil in Place Possible Reserves (3) Independent Analog Pools (Net Incremental to OOIP (1) Recovery Factor Recovery P+P Reserves Property Horizon (Mmbbls) Recovery to Date P+P (2) Factor Mmbbls) Viewfield Bakken 4,600 1.9% 8.3%…
Large Oil in Place Acquisition Strategy: 202% Increase in Reserves Possible Initial Reserves(2) (Net P+P Estimated P+P Total P+P Increase in Incremental to Date Reserves Production Reserves Reserves P+P Reserves % Increase in P+P…
Value Creation: Total Return of 126% Total Cash Total Purchase Capital Spent Total Cost Total Cash Net Present Flow Plus NPV Return Property Price (M) (M)(1) (M)(1) Flow (M)(1) Value (M)(1)(2) (M)(1)(2) (%) Sounding Lake 33,761…
Focused on Large Oil in Place Three tiers of high-quality large oil in place assets OOIP VIEWFIELD BAKKEN SHAUNAVON 4,600 Mmbbl 4,300 Mmbbl UPPER SHAUNAVON SWAN HILLS VIKING 1,000 Mmbbl 2,000 Mmbbl 1,150 Mmbbl BATTRUM / CANTUAR…
Internal Growth Plus Expansion CPG Assets VIEWFIELD SHAUNAVON BAKKEN UPPER SWAN HILLS VIKING SHAUNAVON BATTRUM / NORTH DAKOTA MANITOBA CANTUAR FLAT LAKE BAKKEN BAKKEN BAKKEN SOUTHERN ALBERTA NORTHERN ALBERTA USA…
16.4 Billion Risked Development Inventory 16.4 Billion SHAUNAVON VIEWFIELD BAKKEN 3,050 Drill locations 1,810 Drill locations 216,650 boe/d Production Rate 126,772 boe/d Production Rate 255.2 MMboe Risked Reserves 189.6MMboe Risked…
5 Year Plan: Growth By Core Areas 6,000 boe/d Annual average production 88,500 boe/d growing to 132,500 boe/d in 5 years Swan Hills 2,600 boe/d AB SK MB COLD LAKE EDMONTON 8,000 boe/d Viking 7,000 boe/d SASKATOON…
Summary Proven management team Proven track record of reserves, production, cash flow and NAV(1) growth 5-year weighted average F&D of 14.30/boe(2) Excellent balance sheet 3-year hedging program to provide cash flow stability…
Appendix
11-Year Capital Efficiency: 13.89 F&D Net Average Per Well Production Corporate Year End Reserves Per Well Total Cost 1st Month 1st Year 1st Month 1st Year P+P P+P of Drills Capital per Well Rate Rate Rate (1) Rate (1) Reserves F+D…
Crescent Point Total Return 700% 800% 700% 600% 500% 400% 300% 200% 100% 0% -100% Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Crescent Point S&P/TSX Composite S&P/TSX Capped Energy Trust S&P/TSX…
Definitions 1. Original Oil In Place (OOIP) is equivalent to Discovered Petroleum Initially-In-Place (DPIIP). DPIIP, as defined in the Canadian Oil and Gas Evaluations Handbook (COGEH), is that quantity of petroleum that is estimated,…
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