MAY 2015 ANNUAL GENERAL MEETING – Penn West Petroleum Ltd.

Penn West Petroleum Ltd. · May 13, 2015 · 7 slides

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Slides

Annual General Meeting May 13th, 2015
2014 Accomplishments Measure Outlook Details 2014 average production of 103,989 boe/d above Average Production ON TARGET mid-point of guidance range of 101,000 106,000 boe/d Opex run rate down 200MM on an annualized basis Reduce…
2014 Reserves Highlights High Quality Assets Proved: 368 mmboe Proved + Probable (2P): 561 mmboe High Quality Reserves Proved + Proved Reserves Probable Reserves 368 mmboe 561 mmboe Added 58 mmboe of 2P reserves (weighted 75% to…
Cardium Cardium Play Details T50 Role in Portfolio Core Development Play PCU 11 Easyford Locations 2,500 Base Decline (%) 17 - 19 J Lease Land (net sections) 975 Pembina PCU 9 Large contiguous land base in one of the largest…
Viking 40km / 24 miles Viking Play Details R22W3 Role in Portfolio Core Development Play Provide Free Cash Flow 20km / 12 miles Locations 1,000 - 1,500 Base Decline (%) 28 - 30 Land (net sections) 135 Waterflood T30 4 kms…
Operationally Stronger; Torque In Oil Recovery Amendments to debt covenants allow the Company to focus on operational excellence through down cycle Significant leverage to oil price recovery Demonstrated continuous improvement in…
Stock Exchange Investor Relations Toronto: PWT Clayton Paradis Manager, Investor Relations New York: PWE Telephone: (403) 539-6343 Email: clayton.paradispennwest.com Independent Reserves Evaluator Sproule Associates Limited Toll Free:…