Northern Blizzard at a Glance Overview Shares Public Float 29.6 million shares / 28% Management Shares(1) 4.7 million shares / 4% NGP / Riverstone Shares 72.5 million shares / 68% Common Shares Outstanding 106.8 million shares…
Investment Highlights World-Class Oil Resource Base Approximately 2.0 billion bbl DOOIP(1) with less than 11% recovered to-date Low historic corporate decline rate of 17 20% Long reserve life index of approximately 19 years(2) 4%…
NBRI Average Daily Production 25,000 Average Daily Production Volumes (boe/d) 20,000 15,000 10,000 5,000 0 (1) (2) 2010 2011 2012 2013 2014 2015E (1) Adjusted to reflect impact of asset exchange with Husky in…
2015 Progress Report In response to low oil prices the 2015 drilling program was significantly reduced. Historically, NBRI would drill up to 250 wells per year. In the first half of 2015, only four wells have been drilled with the…
Credit Capacity & Metrics (1) Dec 31, 2014 Dec 31, 2015 Guidance WTI (US/bbl) 55.00 60.00(5) millions Credit Facility Drawings 67 7 - Senior Unsecured Notes (principal CAD) 320 348 343 Total Debt 387 355 343 Credit Facility…
Three Core Assets Cactus Lake, Winter & Coleville 1. Nearly 600 wells have been drilled since August 2010 in these three areas. 2. Production has grown by 22% CAGR since 2010 through 2014. 3. First half of 2015 production was 13,400…
Cactus Lake Review July 2015 - 10 - Northern Blizzard Resources Inc.
Cactus Lake Value Creation Bakken oil accumulation located 135km south of Lloydminster NBRIs largest field by production and reserves 2015 Production: 7,750 boe/d NBRI value creation to date through: OOIP(1): 389 MMbbl Oil Viscosity…
Cactus Lake Type Well Performance 10 Acre Infill Water Flood Type Curve Rate vs Cum Oil 40 35 Calendar Day Oil Rate (bbl/d) 30 25 20 15 10 5 Drill Timing Color Section Well Count 2011 Wells 35 30 0 0 10 20 30 2012…
Cactus Lake Development Planning Inventory Cactus Lake Average Oil Pay/Well Comparison 330 Inventory Locations 14 Avg Oil Pay: 7.8m FORECAST: Avg Oil Pay: 7m 12 10 Average Oil Pay (m) 8 6 4 2 Future Bakken Development…
Cactus Lake Polymer Flood Update Bakken Polymer Performance Update Phase 3A commissioned March 2015 Total injection rate 44,646 bbl/d June 2015 Cactus Lake Polymer Injection 60,000 Project MMbbl 50,000 Rex/Bakken 20.2 Polymer…
Cactus Lake Polymer Flood Production Bakken Polymer Flood Highlights Initial injection Q4 2012 New Polymer facility on stream in Q3 2014 108 polymer injectors, 257 producers available for production within existing operational…
Cactus Lake Production Growth 8,000 7,000 Current Rate Average Daily Production Volumes (boe/d) 6,000 5,000 4,000 3,000 2,000 1,000 0 2011 2012 2013 2014 1) Compounded annual growth rate. See Advisory. July…
Winter Review July 2015 - 17 - Northern Blizzard Resources Inc.
Winter Dina/Cummings Channel Operators Dina/Cummings Channel System Strong bottom water drive resulting in aggressive NBRI coning which controls recovery (7.4% RF to date) 600+ Million Barrels OOIP of 600+ million(1) barrels on…
Winter Value Creation Repeatable Horizontal Drilling 25m horizontal development has been Winter Type Well Economics technically validated 180 Winter South Sec 21&22 NBRI has identified 415 (295.0 net) Winter South Sec 21&22 w/…
Winter Production Growth 4,500 4,000 3,500 Average Daily Production Volumes (boe/d) 3,000 2,500 2,000 1,500 1,000 500 0 (1) Compounded annual growth rate. See Advisory. Calculated from 2010 to 2014. July 2015…
Coleville Review July 2015 - 21 - Northern Blizzard Resources Inc.
NBRI Viking 10,000 Acres in Proven Fairway July 2015 - 22 - Northern Blizzard Resources Inc.
2015 / 2016 Coleville Development Plan Drilled to date (43 wells) Q4 2015 (9 wells) 9 Q1 2016 (18 wells) PFRA Q3 - 2016 (18 wells) 54 Q4 - 2016 (18 wells) Back up locations 100 90 Coleville North Viking Average 80 (20…
Production Growth from Cactus Lake, Winter & Coleville 14,000 Current Rate 12,000 Average Daily Production Volumes (boe/d) 10,000 8,000 6,000 4,000 2,000 0 2011 2012 2013 2014 1) Compounded annual growth…
SAGD Review July 2015 - 25 - Northern Blizzard Resources Inc.
SAGD Development Repeatable Opportunities Cactus Lake SAGD Plover Lake SAGD Received Brought online regulatory Aug 2014 approval OOIP: 150 MM Barrels Thick, blocky Startup in Q4 sands up to 18m 2016 thick Up to 21m thick OOIP:…
Plover Lake SAGD Production Explanation Under injected steam Subcool went to 0 Reduced inflow Need to re-establish Back to balanced Startup Established Lowered steam interface inflow operation 3,000 2,500 2,000 Oil Rate…
Yahoo July 2015 - 28 - Northern Blizzard Resources Inc.
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