ENERCOM THE OIL & GAS CONFERENCE AUGUST 2012 TSX: BNE TSX: BNE
CURRENT SNAPSHOT Shares issued 19.8 million Market capitalization 935 million* Directors/employee ownership 25 percent Payout ratio based on funds flow 50 65 percent Current monthly dividend 0.26/share Current annualized yield 6.6…
2012 GUIDANCE 2012 Capital 65 million 33 gross (23.83 net) wells are planned with 21 gross (13.33 Development Budget net) wells targeting the main pool of the Pembina Cardium, and 11 gross (9.5 net) wells targeting the halo area of the…
FINANCIAL RESULTS Highlights Six Months Ended Year Year (000s except per share amounts) June 30, 2012 2011 2010 Funds Flow(1) 38,928 101,988 74,385 Per share basic 1.97 5.27 3.95 Payout ratio 79% 58% 64% Cash flow from operations…
SUPERIOR BEFORE & AFTER TAX RETURNS 100,000 Investment: Bonterra Investment Bank Investment Dividend Rate 6.6% 6,600 Interest Rate 1.25% 1,250 Qualified Dividend Tax Rate 15% Ordinary Income Tax Rate 33% Canadian Withholding Tax*…
SHAREHOLDER VALUE 90.00 Combined Share Price Cumulative Dist./Div. 80.00 70.00 72.93 60.00 50.00 47.21 40.00 30.00 25.72 20.00 10.00 0.00 1998 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Jul-12 * Based on August 10,…
INCREASING SHAREHOLDER VALUE Production per Share Production Profile (BOE per share) 71% Oil/NGLs 29% Natural Gas 2007 2008 2009 2010 2011 Gross Production (BOE Year Over Year Growth) 6,322 5,628 4,994 4,218 4,346…
INCREASING SHAREHOLDER VALUE Reserves per Share Reserves Profile (BOE per share) (Proved plus Probable) (Proved plus Probable) 74% Oil/NGLs 26% Natural Gas 2007 2008 2009 2010 2011 Gross Reserves (MBOE - Proved plus Probable…
PEMBINA CARDIUM Pembina Halo Cardium Area Gross Sections 161 28.5 Net Sections 118 24.4 TSX: BNE 12
HIGH RETURN CARDIUM HORIZONTALS Well Economics (based on Sproule Jan. 31, 2012 price forecast: Oil - 96.87; Natural gas - 3.16 and NGLs - 70.07) CapEx: 2.7 million (ave.) 10% NPV BT: 4.2 million 30 Day Initial Production: 250 BOE per…
MAIN POOL DEVELOPMENT - ORIGINAL OIL IN PLACE TSX: BNE 14
MAIN POOL DEVELOPMENT CURRENT RECOVERY FACTOR TSX: BNE 15
SIGNIFICANT UPSIDE HIGH AMOUNTS OF ORIGINAL OIL IN PLACE WITH LOW RECOVERY FACTOR TSX: BNE 16
MAIN POOL DEVELOPMENT Section 13-48-6 W5 Estimated Original Oil in Place: 12,000,000 Bbl Current Phase 1 Phase 2 Estimated Ultimate Recovery: 378,000 Bbl Estimated Ultimate Recovery: 878,000 Bbl Estimated Ultimate Recovery:…
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…
MAIN POOL RESULTS Most Recent Main Pool Drilling Results: (First 20 Days of Production) Location Working Interest Oil (Bbl/Day) Gas (Mcf/Day) BOE (BOE/Day) 05-33-046-09W5 100% 415 1,406 650 01-28-046-09W5 100% 337 809 472…
LARGE OPPORTUNITY SET Gross undrilled locations: Inventory of new locations currently identified (subject to commodity prices and the terms of the Alberta royalty plan): Booked Horizontal Cardium Bonterra has 110 gross (77.3 Net)…
THE VALUE OF BONTERRA SUSTAINABILITY Approximately 161 gross (118 net) Cardium sections including 28.5 gross (24.4 net) in the halo area. Drilling inventory in excess of 14 years. GROWTH Consistently provides investors with production…
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