NOVEMBER 2011 CORPORATE PRESENTATION CORPORATE PRESENTATION
Crescent Point Energy Founded in 2001 Listed on Toronto Stock Exchange (Symbol: CPG) Shares outstanding: 289 million(1) Avg. daily trading: g da y t ad g ,000 s a es(2) 841,000 shares 8 Market Cap: 12.0 billion(2) Enterprise…
Crescent Point Advantage Proven management team Excellent balance sheet Excellent balance sheet Highquality reserve base 3 Corporate Presentation November 2011
Business Strategy Develop and exploit Increase recovery factors through infill drilling, water flood optimization and improved technology optimization and improved technology Acquire Focus on highquality, large resourceinplace…
Hedging Strategy Total Commodity Hedges Provide greater 35 000 35,000 55% 56% 60% 30,000 43% 50% stability to 25,000 40% dividends boe/day 20,000 23% 15,000 30% 20% Hedge up to 10 000 10,000 5,000 9% 10%…
Focused Reserve Base Lowrisk, predictable production and reserve base Greater than 85% operated High working interests averaging more than 80% More than 6,500(1) locations of lowrisk development inventory More than 20…
Large Oil in Place: Potential to Double Reserves Possible Reserves (3) Independent Analog Pools (Net Incremental to Recovery Factor Recovery P+P Reserves Property Horizon OOIP (1) (Mmbbls) Recovery to Date P+P (2) Factor Mmbbls)…
12.4 Billion Development Inventory Total Total Capital (1) Reserves(2) Production Rate Risked F&D Risked per Area Net Wells (MM) (Mboe) (Boe/d) (/boe) Producing Boe Resource Plays (4 Wells Per Section) Bakken , 1,569 3,038 ,…
Third Quarter 2011 Highlights Executed record capital program of 349.7 million Increased production to 72,258 boe/d, a 9% increase over Q2 2011 and 10% increase over Q3 2010 and 10% increase over Q3 2010 Grew Shaunavon and…
Bakken Oil Resource Play: More than 4 billion barrels OOIP(1) 1,000 net sections(2) 3,800 net well drilling inventory(2)(3) 40% of total 2011 capital program (127 net wells) Ongoing implementation of water flood program with…
Shaunavon Oil Resource Play: More than 4 billion barrels OOIP(1) 600 net sections 1,700 net well drilling inventory(2)(3) 24% of total 2011 capital program p p g (86 net wells) Spending 45 million on facilities 4 pressure…
Beaverhill Lake Light Oil Resource Play Built position over past 21 months through joint ventures, farmins and Crown land sales 165 net sections 2011 capital increased from 18 million to 152 million 15% of total 2011 capital…
2011 Production Guidance Production Growth 80,000 (boe/d) Oil & NGLs (bbls/d) 65,375 70,000 60,000 Gas (mcf/d) 42,750 50 000 50,000 40,000 TOTAL (boe/d 6:1) 72,500 30,000 20 000 20,000 Forecast exit 77,500 boe/d…
Summary Proven management team Proven track record of reserves, production, cash flow and NAV(1) growth 5year weighted average F&D of 12.34/boe Excellent balance sheet Excellent balance sheet 3year hedging program to provide…
Definitions 1. Original Oil In Place (OOIP) is equivalent to Discovered Petroleum InitiallyInPlace (DPIIP). DPIIP, as defined in the Canadian Oil and Gas Evaluations Handbook (COGEH), is that Canadian Oil and Gas Evaluations…
NonGAAP Financial Measures Throughout this presentation, the Company uses the terms cash flow, cash flow per share, netback, market capitalization, net debt and enterprise value. These terms do not have any standardized meaning as…
www.crescentpointenergy.com BANKER Bank of Nova Scotia AUDITOR PricewaterhouseCoopers LLP LEGAL COUNSEL Macleod Dixon LLP EVALUATION ENGINEERS GLJ Petroleum Consultants Ltd l l d Sproule Associates Ltd REGISTRAR & TRANSFER…
Appendix
Water Flood Implementation Increase ultimate recovery factor Increase production and reduce decline rates Optimize capital efficiency and maximize economic returns 22 Corporate Presentation November 2011
Viewfield Bakken: Primary Type Well Oil Production Profile Crescent Point Viewfield Bakken Type Well 1000 Initial Month Production 210 bbl/d ate (bopd) 35 bbl/d at 100 24 months 24 months Oil Ra 25 bbl/d at…
Bakken Water Flood: Group Production Profile 7000 5000 Over 3 years of promising production data Data from 25 producing wells 1000 Forecast Decline Forecast (no injectors) 500 Rate Decline Rate 1 new wells drilled in the…
Bakken Water Flood: Section 10 Cumulative Production Comparison 1. Production shut down in 191/05-10 for 40 days and shut down 191/12-10 for 13 days. 25 Corporate Presentation November 2011
Bakken Water Flood: Section 12 Cumulative Production Comparison 26 Corporate Presentation November 2011
Viewfield Bakken Water Flood Summary Injection into 5 separate projects within the Viewfield pool continue to demonstrate water flood is working 18 injection wells converted 18 injection wells converted 11 wells currently…
10Year Capital Efficiency: 12.20 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…
Large Oil in Place Acquisition Strategy: 234% Increase In Reserves Increase in Initial P+P Estimated P+P Total P+P P+P Possible Reserves(2) Date Reserves Production Reserves Reserves Reserves % Increase in (Net Incremental to…
Value Creation: Total Return of 159% Total Cash Net Present Flow Plus Total Purchase Price Capital Spent Total Cost Total Cash Value NPV Return Property (M) (M)(1) (M)(1) Flow (M)(1) (M)(1)(2) (M)(1)(2) (%) Sounding Lake 33,761…
Crescent Point Total Return 600% 700% 600% 500% 400% Return 300% Total R 200% 100% 0% -100% Dec-03 Dec 03 Dec-04 Dec 04 Dec-05 Dec 05 Dec-06 Dec 06 Dec-07 Dec 07 Dec-08 Dec 08 Dec-09 Dec 09 Dec-10…
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