Northern Blizzard at a Glance Overview Shares Public Float 29.6 million shares / 28% Management Shares(1) 4.7 million shares / 4% NGP / Riverstone Shares 72.5 million shares / 68% Common Shares Outstanding 106.8 million shares…
Investment Highlights World-Class Oil Resource Base Approximately 2.0 billion bbl DOOIP(1) with less than 11% recovered to-date Low historic corporate decline rate of 17 20% Long reserve life index of approximately 19 years(2) 4%…
NBRI Average Daily Production 25,000 Average Daily Production Volumes (boe/d) 20,000 15,000 10,000 5,000 0 (1) (2) 2010 2011 2012 2013 2014 2015E (1) Adjusted to reflect impact of asset exchange with Husky…
2015 Progress Report In response to reduced WTI prices the 2015 drilling program was significantly reduced. Typically, NBRI would drill up to 250 wells per year. To date, only four wells have been drilled with the year- end target…
Credit Capacity & Metrics (1) Dec 31, 2014 Dec 31, 2015 Guidance WTI (US/bbl) 55.00 60.00(5) millions Credit Facility Drawings 67 7 - Senior Unsecured Notes (principal CAD) 320 348 343 Total Debt 387 355 343 Credit Facility…
Three Core Assets Cactus Lake, Winter & Coleville 1. Nearly 600 wells have been drilled since August 2010 in these three areas. 2. Production has grown by 22% CAGR since 2010 through 2014. 3. Q1 2015 production was 13,427 boe/d (60%…
Cactus Lake Review June 2015 - 10 - Northern Blizzard Resources Inc.
Cactus Lake Value Creation Bakken oil accumulation located 135km south of Lloydminster NBRIs largest field by production and reserves March Production: 7,977 boe/d NBRI value creation to date through: OOIP(1): 389 MMbbl Oil Viscosity…
Cactus Lake Repeatable Development Type Curve Evaluation Rate vs Time 40 35 Calendar Day Oil Rate (bbl/d) 30 25 20 15 10 5 0 0 6 12 18 24 30 36 42 48 Month Type Curve 2011 (30 wells) 2012 Q1-Q3 (71 wells) 2012…
Cactus Lake Production Growth 8,000 Current Rate 7,000 Average Daily Production Volumes (boe/d) 6,000 5,000 4,000 3,000 2,000 1,000 0 2011 2012 2013 2014 1) Compounded annual growth rate. See Advisory. June…
Cactus Lake Well Inventory Half Way There DOOIP Incr. DOOIP % New 3D Events MMbbl MMbbl Increase Seismic 2014(1) 371 2015(2) 389 18 5% Cactus Drilling Inventory 350 300 250 Well Count 200 150 100 50 0 Within…
Cactus Lake Polymer Update Bakken Polymer Performance Update Phase 3A commissioned March 2015 Total injection rate 45,225 bbl/d March 2015 Cactus Lake Polymer Injection 50,000 Bakken 45,000 Sparky 40,000 Polymer Injection…
Cactus Lake Polymer Flood Production Bakken Polymer Flood Highlights Initial injection Q4 2012 Polymer mixing facility capacity in place to accommodate full field expansion (New facility on stream in 2014) 106 injectors, 238…
Winter Review June 2015 - 18 - Northern Blizzard Resources Inc.
Winter Production Growth 4,500 4,000 3,500 Average Daily Production Volumes (boe/d) 3,000 2,500 2,000 1,500 1,000 500 0 (1) Compounded annual growth rate. See Advisory. Calculated from 2010 to 2014. June 2015…
Winter Dina/Cummings Channel Operators Dina/Cummings Channel System Strong bottom water drive resulting in aggressive NBRI coning which controls recovery (7.4% RF to date) 600+ Million Barrels OOIP of 600+ million(1) barrels on…
Winter Value Creation Repeatable Horizontal Drilling 25m horizontal development has been Winter Type Well Economics technically validated 180 Winter South Sec 21&22 NBRI has identified 415 (295.0 net) Winter South Sec 21&22 w/…
Coleville Review June 2015 - 22 - Northern Blizzard Resources Inc.
NBRI Viking 10,000 Acres in Proven Fairway June 2015 - 23 - Northern Blizzard Resources Inc.
Coleville North Viking Production and Locations Drilled to date (20) 100 Coleville North Viking Average (20 Wells) 90 Coleville North Sec 24 (12 Wells) Q3 2015 (8 wells) Coleville North Sec 15 (6 Wells) 80 Calendar Day Oil…
Coleville South Viking Production and Locations 110 Drilled to date (23) Coleville South Viking Average (23 Wells) 100 Calendar Day Oil Production (bbl/d) Coleville South East (22 Wells) Q3 2015 (2 wells) 90 Coleville South…
Production Growth from Cactus Lake, Winter & Coleville 14,000 Current Rate 12,000 Average Daily Production Volumes (boe/d) 10,000 8,000 6,000 4,000 2,000 0 2011 2012 2013 2014 1) Compounded annual growth…
SAGD Review June 2015 - 27 - Northern Blizzard Resources Inc.
SAGD Development Repeatable Opportunities Cactus Lake SAGD Plover Lake SAGD Received Brought online regulatory Aug 2014 approval OOIP: 150 MM Barrels Thick, blocky Startup in Q4 sands up to 18m 2016 thick Up to 21m thick OOIP:…
Husky Analogs The Prize Pad Pad Pad 5 Pad 3 4 Pad 5 Pad 2013 2 1 Pad 3 2011 Pad 4 2012 Pad 2 Pad 1 Bolney 2008 2006 Sands 12 20m thick Est. original field OOIP: 45 MMbbl Field RF to date: 19% Well Pair EUR 650 1,450 Mbbl…
Plover Lake SAGD Production Explanation Under injected steam Subcool went to 0 Reduced inflow Need to re-establish Back to balanced Startup Established Lowered steam interface inflow operation 3,000 2,500 2,000 Current…
Thank You June 2015 - 31 - Northern Blizzard Resources Inc.
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