CIBC Energy Conference April 11 & 12, 2011 TSX: BNE TSX: BNE
CURRENT SNAPSHOT Shares issued: 19.4 million Market capitalization*: 1.11 billion Directors/employees own 25 percent Monthly dividend returns 55-70 percent of funds flow** to shareholders Current monthly dividend: 0.24/share…
2010 HIGHLIGHTS Total 2010 Return to shareholders of 59 percent; Paid out 2.55 per share in dividends, a 50% increase compared with 2009; Drilled 22 gross (20.0 net) operated Cardium horizontal, multi-stage fractured wells with a…
FINANCIAL RESULTS Highlights Year Year Year (000s except per share amounts) 2010 2009 2008 Funds Flow 79,602 66,504 70,448 Per share basic 4.23 3.69 4.13 Payout ratio 60% 46% 76% Cash flow from operations 66,262 38,893 69,570 Per…
2011 GUIDANCE At least 20 gross wells planned with the majority in the 2011 Capital halo area of the Pembina Cardium and Willesden Green 50 to 60 million Development Budget fields with the remainder in the main pool of the Pembina…
SHAREHOLDER VALUE Combined Share Price Cumulative Dist./Div. 80.00 78.98 60.00 57.42 40.00 21.56 20.00 0.00 1998 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Apr-11 * Based on April 6, 2011 closing price of 57.42…
INCREASING SHAREHOLDER VALUE Production per Share Reserves per Share (BOE per share) (BOE per share) (based on P+P reserves) 2.09 0.109 1.99 0.101 1.83 0.091 0.093 1.62 0.088 1.57 2006 2007 2008 2009 2010 2006 2007 2008 2009…
PEMBINA CARDIUM Berrymoor Cardium Unit West Pembina East Carnwood Warburg Pembina Halo Cardium Area Gross Sections 160 27.5 Net Sections 117 23.9 Willesden Green BONTERRA LAND TSX: BNE 9
FOCUS AREA: WARBURG ____ Drilled ____ 2011 Locations 7.75 gross (5.3 net) sections; 3 gross wells (2.0 net) drilled in 2010 with 2 gross wells (1.4 net) planned in 2011; 354,075 Bbls of cumulative oil production…
A LEADER IN HORIZONTAL DEVELOPMENT Drilled the first horizontal well in the Pembina Halo area in late 2008 which has averaged 101 BOE per producing day to date. 01-25-047-03W5 Cardium Horizontal Well Source: Sproule Associated…
FOCUS AREA: WEST PEMBINA ____ Drilled ____ 2011 Locations 4 gross (3.75 net) sections; 12 wells drilled in 2010 with 4 gross (3 net) wells planned in 2011; 278,310 Bbls of cumulative oil production (02/28/2011); 2,846 MBOE…
FOCUS AREA: EAST CARNWOOD ____ Drilled ____ 2011 Locations 5.5 gross (4.375 net) sections; 5 gross wells (4.25 net) drilled in 2010 with 5 gross (3.75 net) wells planned in 2011; 93,157 Bbls of cumulative oil production…
FOCUS AREA: WILLESDEN GREEN ____ Drilled ____ 2011 Locations 5 gross (4.875 net) sections; 4 gross wells (3.75 net) drilled in 2010 with 5 gross (5 net) wells planned in 2011; 17,211 Bbls of cumulative oil production…
MAIN POOL OPPORTUNITIES The Company participated in drilling 5 gross (0.75 net) non-operated, horizontal Berrymoor Cardium Unit wells in the main Pembina Cardium pool in 2010. Cumulative Oil Initial Oil Days on Production Production…
CARDIUM HORIZONTAL PRODUCTION 1,000.00 100.00 Boe/d 10.00 Well Economics * CapEx: 2.8 million (average) Rate of Return: 109% 30 Day Initial Production: 240 BOE/day Payout: 12 months First Year Ave. Production: 100 BOE/day…
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 60 80* Vertical Cardium 330** (greater than…
THE VALUE OF BONTERRA GROWTH Consistently provided investors with production and reserves growth on both a total and per share basis. 2011 capital development program of 50 - 60 million includes drilling a minimum of 20 gross…
901, 1015 4th Street SW Calgary, AB T2R 1J4 Telephone: (403) 262-5307 Fax: (403) 265-7488 Website: www.bonterraenergy.com TSX: BNE