SEPAC INVESTOR SHOWCASE NOVEMBER 21, 2011 TSX: BNE TSX: BNE
CURRENT SNAPSHOT Shares issued 19.4 million Market capitalization 959.7 million* Directors/employee ownership 25 percent Payout ratio based on funds flow 55 70 percent Current monthly dividend 0.26/share Current annualized yield 6.3…
2011 HIGHLIGHTS Increased dividends twice in 2011 and paid out 2.28 per share in dividends in the first nine months of the year, a 22% increase compared with the same period in 2010. Presently on pace to pay out over 3.00 per share in…
FINANCIAL RESULTS Highlights Nine Months Ended Year Year (000s except per share amounts) 09/30/2011 2010 2009(2) Funds Flow(1) 75,987 79,651 66,504 Per share basic 3.93 4.23 3.69 Payout ratio 58% 60% 46% Cash flow from operations…
2011 GUIDANCE 26 gross (17.7 net) operated and non-operated wells 2011 Capital planned with the majority in the halo area of the 60 million Development Budget Pembina Cardium and Willesden Green fields and the main pool of the…
SUPERIOR BEFORE & AFTER TAX RETURNS 100,000 Investment: Bonterra Investment Bank Investment Dividend Rate 6.3% 6,300 Interest Rate 1.25% 1,250 AB Tax Rate 17% AB Tax Rate 39.5% After Tax Income 5,229 After Tax Income 756 Net Return…
SHAREHOLDER VALUE Combined Share Price Cumulative Dist./Div. 80.00 72.85 60.00 49.47 40.00 23.38 20.00 0.00 1998 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Nov-11 * Based on November 10, 2011 closing price of…
INCREASING SHAREHOLDER VALUE Production per Share Production Profile (BOE per share) 0.109 0.101 0.088 0.091 0.093 71% Oil/NGLs 29% Natural Gas 2006 2007 2008 2009 2010 Gross Production (BOE Year Over Year Growth) 6,201…
INCREASING SHAREHOLDER VALUE Reserves per Share Reserves Profile (BOE per share) (Proved plus Probable) (Proved plus Probable) 1.99 2.09 1.83 77% Oil/NGLs 1.57 1.62 23% Natural Gas 2006 2007 2008 2009 2010 Gross Reserves…
PEMBINA CARDIUM West Pembina Berrymoor Cardium Unit Warburg East Carnwood Pembina Halo Cardium Area Gross Sections 161 28.5 Net Sections 118 24.4 Willesden Green BONTERRA LAND TSX: BNE 12
A LEADER IN HORIZONTAL DEVELOPMENT Illustrating Validity of 3D Model of Section 25-047-03W5 History-Matched Period Additional Well Performance Data Model Prediction 80000 Current Performance Point (as of June 2011) 70000 Cum Oil…
CARDIUM HORIZONTAL PRODUCTION 1,000.00 100.00 Boe/d 10.00 Well Economics (based on Sproule July 31, 2011 price forecast: Oil - 93.85; Natural gas - 4.66 and NGLs - 55.66) CapEx: 2.7 million (ave.) Rate of Return: 111…
MAIN POOL DEVELOPMENT Bonterra plans to advance the use of horizontal multi-stage technology in the main Pembina Cardium pool in 2011 by initiating a multi-well horizontal drilling program later in the year with the objective of…
MAIN POOL RESULTS The Company participated in drilling 7 gross (1.05 net) non-operated, horizontal Berrymoor Cardium Unit wells in the main Pembina Cardium pool to date. Months on Initial Rate Cumulative Current Rate Location…
MAIN POOL PERFORMANCE Main Pool Cardium Hz Performance vs. Sproule 2P Type Curve (125,000 Bbl) Sproule 2P Type Curve 125,000 Bbl Main Pool Cardium Hz Wells Bonterra Interest Wells 100000 Cumulative Production (Bbl) 10000…
LARGE OPPORTUNITY SET Gross undrilled locations: Inventory of new locations currently identified (subject to commodity prices and the terms of the Alberta royalty plan): Horizontal Cardium 55 75* Potential Horizontal Bonterra has a…
THE VALUE OF BONTERRA GROWTH Consistently provides investors with production and reserves growth on both a total and per share basis. 2011 capital development program of 60 million mainly focused on Cardium horizontal wells in the…
901, 1015 4th Street SW Calgary, AB T2R 1J4 Telephone: (403) 262-5307 Fax: (403) 265-7488 Website: www.bonterraenergy.com TSX: BNE