Black Swan Energy Scale, Growth and Value High Recent wells demonstrate 7-10 Bcf potential EUR BC AB Quality Liquids yield of 35-50 bbl/MMcf Demonstrated low costs Liquids-Rich Montney Montney NEBC 228,000 net acres Breakeven cost…
Black Swan Energy Building Momentum Development Drilling 10,000 Corporate Production Avg. Daily Production (boe/d) Pilot Drilling Q1/15: 4,600 boe/d 8,000 Land Accumulation Montney 6,000 Drilled 34 Hz wells (19 tied-in)2…
Acquisition of Carmel Bay Exploration Addition of highly prospective, contiguous acreage Jedney Builds on Black Swans Liquids-Rich Position 47,000 net acres 815 boe/d (Q1/15) Nig lands include well tests indicating EUR potential in…
Uniquely Positioned with Scale in Liquids-Rich Fairway With characteristics that provide best-in-class economics Alberta Repeatable Deliverability B.C. Caribou Located within the over-pressured fairway providing Jedney…
Pressure, Liquids Content and Resource Established Large inventory of liquids-rich Montney locations has been derisked Black Swan acreage delineated by drilling to date 12 Upper and 12 Lower Hz wells were tested over a large area,…
Established Top-Tier Deliverability Ten consecutive Upper Montney wells indicating 7 Bcf Upper Montney Wells - SSL Completions Development wells exceeding expectations 14,000 a-B20-H a-C20-H Tested ten Upper Montney Hz wells with…
Reducing Costs and Improving Results Benefiting from a continuous program and falling service costs 9.0 Total savings of 38% Savings realized on drilling and completions Well Drilling & Completion ( MM) 8.0 2015 plan vs.…
Robust Montney Economics at Flat Pricing Driven by heat content of gas, liquids and low cost Black Swan Montney Half-cycle Economics Assumptions 140% Liquids Yield (bbl/MMcf) 40 9.0 Bcf Type Curve (10.0 Bcfe) 120% DCET Cost (MM)…
Actively Drilling in Development Phase Production growth through staged infrastructure development c-7-H (5-well pad) a-92-C (6 well pad) Focus on Multi-well Development Pads Tested Q4/14 1 well completed Drilling Q4 2015 First…
Aitken Area to Deliver 100,000 boe/d Planning for 100 wells/year by 2018 500+ locations derisked at 6 Bcf in the Upper Montney Low risk, high return Upper Montney play facilitates aggressive growth profile Development plan achieves…
Substantial Resource to Unlock Gas-in-place supports long-term growth Capable of sustaining 2 Bcf/d for 10 years Jedney Average 250 Bcf/DSU OGIP 73 Tcf of gas-in-place Over 2,900 Hz well inventory and 16 Tcfe of recoverable…
Securing Access to Long-Term Processing and Egress Potential access to multiple markets Spectra T-North Sales Gas Ft. Nelson Line BC AB Establishing Capacity to Support the Growth Profile Processing Black Swan Refrig & 20 MMcf/d…
Duvernay 15
Duvernay Resource Play Material position in the high pressure liquids-rich fairway 129 net sections (82,700 net acres)1 100% WI at Edson and Pembina Kaybob 50% WI at Willesden Green2 Established productivity on Black Swan lands…
Duvernay Trend Identifying the Sweet Spots Overlap of high pressure and high CGR Black Swan Willesden Green and Pembina Recent Kaybob Wells Target acreage is comparable to the most active area in 55,000kPa and CGR 150 bbl/MMcf…
Willesden Green is Being Actively Drilled and Derisked Early results support technical and economic analysis Large Prospective Opportunity Initial rates of 400-1,660 boe/d Black Swan type curve 845 Mboe/well EUR at 300 bbl/MMcf ECA…
Black Swan Energy Strategic Focus Deploy a one-rig program in the Montney to provide up to 20 wells per year with a focus on multi-well pad locations Current Activity Phase 1 (40 MMcf/d) construction of a 100% owned gas refrigeration…
Appendix 20
Focused Position in Proven Top-Tier North American Play Favourable thickness, porosity and pressure Black Swan Beg A-020-H/094-G-01 Upper Montney Thick, Gas-Charged Resource 60m Montney over 820 ft (250 m) thick Up to…
North Montney Most Active Region in BC Quality of position drives capital investment Industry Investment Accelerating Since January 2011, more than 750 MM spent at Crown sales in the north Montney Over 570 Hz Montney wells drilled…
Robust Montney Economics at Flat Pricing Driven by heat content of gas, liquids and low cost Black Swan Montney Type Curve EUR (Raw, Bcf) 6.0 Reserves (mboe) 1,126 IP30 (MMcf/d) 4.7 6 Bcf Development Type Curve 1,200 Liquids Yield…
2015 Completions Evolution of Design Concepts is Ongoing Further optimization expected Initial Completions Design Current Completions Design Continuous Evolution of Ideas Perf and plug (cemented liners) Open hole ball drop Perf and…
Connection to Multiple Proposed LNG Projects Potential access to international markets BC AB Access to Key Export Projects Pacific Northwest LNG* (PETRONAS and partners): Black Swan Refrig & 2-3.6 Bcf/d Compression Facilities…
Black Swan Management and Directors Management Team David Maddison, P.Eng. President and CEO (Talisman Energy, BP Exploration) Marc Mereau, P.Eng. COO (Talisman Energy, BP Canada) Michael Wilhelm, B.Comm., CGA CFO & VP Finance…
Loading...
