SOUTHEAST SASKATCHEWAN AND MANITOBA CONSOLIDATION ACQUISITION FROM LIGHTSTREAM RESOURCES Purchase price of 378 million Current production of 3,300 boe/d (95% light oil and liquids) 76 net sections of land 42 net sections…
200 MILLION INCREMENTAL CAPITAL Facilities, Land and Seismic 85 million 115 million Drilling and Completions Total 2014 budget increases to 2.0 billion from 1.8 billion Incremental capital accelerates growth into 2015…
INCREASED CAPITAL BUDGETS FOR TORQUAY PLAY AND UINTA BASIN DRIVE LONG-TERM GROWTH TORQUAY RESOURCE PLAY Original 2014 Revised 2014 Change budget budget Total Capital (million)(1) 200 314 114 Net Wells(2) 48 57 9 Notes: 1. 114…
UPWARDLY REVISED 2014 GUIDANCE Exit production increased to 155,000 boe/d from 149,000 boe/d Average daily production increased to 140,000 boe/d from 138,000 boe/d Funds flow from operations increased to 2.6 billion from 2.5…
PROVEN TRACK RECORD 3-year average production per share growth + dividend yield = 13%(1) Forecast 2014 exit of 155,000 boe/d(2) Corporate netback of 59.00/boe(3) 90% oil weighted(2) 160,000 Production Growth (boe/d) 10,000…
BUILDING CASH FLOW STRENGTH 3-year average funds flow per share growth + dividend yield = 20%(1) 2014 Guidance Funds flow of 2.6 billion Funds flow per share of 6.13, up 17% from original 2014 guidance of 5.24 18% Royalties Net debt…