High Growth, Long Life Value Creation Corporate liquids yields greater than 200 bbls/MMcf High Quality 600+ locations within primary development block (Nest 2) with < US 1.00/MMbtu supply cost at US60 Asset WTI1 Large 437,000 net…
Seven Generations Overview Key Capitalization and Operational Highlights 2015E Guidance Initial Public Offering Closed November 5, 2014 Production (boe/d) 55,000-60,000 Ticker symbol TSX: VII New producing wells () 62 Basic…
Seven Generations Strategic Focus Near Term Invest to Grow Profitably Focus on Nest 2 development to realize robust economics in current commodity price environment Improved Cost Structure Through innovation, improved operating…
Seven Generations - Level 1 Corporate Policy Statement We believe that Companies have only the rights given to them by society. While people have a natural entitlement to basic rights, corporations are an instrument created by society…
Montney: Supplying North American Energy Markets Key Location Summary Pipeline connected Multiple transcontinental natural gas pipelines Regional liquids gathering system Rail connection near 7G lands Local sweet and sour gas…
The Boot Diagram: Ranking Project Competitiveness NYMEX (USD/MMbtu) Breakeven Price by Play 15% AFTER TAX ROR 60 USD/bbl WTI Source: Credit Suisse Investment Research Note: AB Montney Rich Gas 2 approximates Nest 2 type curves;…
Sweet Spot of the Montney Over Pressured High Productivity Brittle Rock High Recovery Factor Thick Pay Large Resources in Place Lower Temperature High Liquids Content Sources: Canadian Discovery & GDGC (2008, 2011), & Steven…
Strong History of Resource + Reserve Growth & Conversion Reserves and Contingent Resources(1) Current Land Position(2) Contingent Resource to Reserve Conversion (MMboe) March 31, 2013 December 31, 2014 17% 53% 47% 83%…
Established Top Tier Production Results Within the Nest Nest Producing Day Average Production NEST 2 NEST 1 Gas C5+ Total C5 +Yield Wells Gas C5+ Total C5 +Yield Wells Mcf/d bbls/d boe/d bbl/MMcf () Mcf/d bbls/d boe/d bbl/MMcf…
Upside Potential from Upper Montney Extension and Secondary Targets Badheart 7G ACREAGE HELD BY ZONE (May 20, 2015) Muskiki Gross Net Cardium Zone Gross Acres Net Acres Average WI Sections Sections Smoky Kaskapau Cardium…
Individual Well Economics Sensitivities Type curve assumptions Nest 2 Drill & Complete (MM) 12.00 Tie cost (pad) (MM) 1.50 Total cost (D/C/T) (MM) 13.50 C5+ LGR (bbls/MMcf) 78 C2-C4 LGR (bbls/MMcf) 64 Current 2016 Hedge…
Production Growth Plans: Transportation and Processing Arrangements Natural Gas Processing & Transportation Arrangements Firm transportation agreement with Alliance and processing arrangement with Aux Sable. Rich gas delivery…
Efficiently Delivering Resource to Markets 7G Lator Shallow Aux Sable 7G Super Pad Cut Processing(1) Chicago Processing Chicago gas sales (B) (A) (AECO until Dec. 2015) Dehydrated gas via Rich gas via Chicago NGL sales 7Gs…
Continuing to Improve Cost Efficiencies Shorter Laterals Longer Laterals DEMONSTRATE OPTIMIZE DEMONSTRATE OPTIMIZE 2011-2013 Early 2014 Mid 2014 Late 2014 / Early 2015 Type curve lateral length Type curve capital cost…
Summary: A Differentiated Team Developing a World Class Asset High quality liquids-rich resource base Significant reserves and resources to support a multi-decade drilling program Location advantages and firm transportation…
Hedge Position as of June 30, 2015 Hedge Position June 30, 2015 2015 2016 2017 Q2 2015 Q3 2015 Q4 2015 FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Liquids Hedging WTI Hedged (bbl/d)…
Inventory of Nest 1 and Nest 2 Montney Wells NEST 1 Drilling Phase Completion Phase Tie-in Phase In Progress Well Producing Wells Wells down due to Inventory Concurrent Ops January 1, 2015 2 4 1 7 7 2 April 1, 2015 1 0 2 3 14 0…
NEST Gas Type Curves Production uplift seen in some initial pad wells coinciding with completion of new offset pad wells (noted in graphs ) Gas production intentionally restricted during production; observed lower decline rates and…
NEST Condensate Type Curves Production uplift seen in some initial pad wells coinciding with completion of new offset pad wells (noted in graphs ) Prospectus type curves are supported by statistical data, with outperformance observed…
Selected Financial and Operational Information OPERATING Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 YE 2014 YE 2013 Average daily production Condensate & oil (bbls/d) 15,810 14,747 12,580 9,264 7,554 11,061 2,390 NGLs (bbls/d) 12,042…