High Growth, Long Life Value Creation Corporate liquids yields greater than 200 bbls/MMcf High Quality 600+ locations within primary development block (Nest 2) with < US 2.00/MMBtu supply cost at US 45 Asset WTI1 or < US 1.00/MMbtu…
Seven Generations Overview Key Capitalization and Operational Highlights 2015E Guidance Initial Public Offering Closed November 5, 2014 Production (boe/d) 55,000-60,000 Ticker symbol TSX: VII New producing wells () 62 Basic…
Seven Generations Strategic Focus Near Term Invest to Grow Profitably Focus on Nest 2 development to realize robust economics in current commodity price environment Improved Cost Structure Through innovation, improved operating…
Seven Generations - Level 1 Corporate Policy Statement We believe that Companies have only the rights given to them by society. While people have a natural entitlement to basic rights, corporations are an instrument created by society…
Montney: Supplying North American Energy Markets Key Location Summary Pipeline connected Multiple transcontinental natural gas pipelines Regional liquids gathering system Regional sour gas gathering and processing Rail…
The Boot Diagram: Ranking Project Competitiveness NYMEX (USD/MMbtu) Breakeven* Price by Play YTD NYMEX Henry Hub Price Range Source: Credit Suisse Equity Research August 10, 2015 *Assumes a 15% IRR, US60/bbl WTI, US5/bbl…
Sweet Spot of the Montney Over Pressured High Productivity Brittle Rock High Recovery Factor Thick Pay Large Resources in Place Lower Temperature High Liquids Content Sources: Canadian Discovery & GDGC (2008, 2011), & Steven…
Strong History of Resource + Reserve Growth & Conversion Reserves and Resources(1) Current Land Position(2) Resource to Reserve Conversion (MMboe) March 31, 2013 December 31, 2014 7% 28% 39% 35% 58% 33% March 31, 2013…
Established Top Tier Production Results Within the Nest NEST 2 NEST 1 Gas C5+ Total C5 +Yield Wells Gas C5+ Total C5 +Yield Wells Mcf/d bbls/d boe/d bbl/MMcf () Mcf/d bbls/d boe/d bbl/MMcf () IP30 5,159 970 1,830 188 54 2,311 650…
Upside Potential from Upper Montney Extension and Secondary Targets Badheart 7G ACREAGE HELD BY ZONE (July 22, 2015) Muskiki Gross Gross Net Average Cardium Zone Net Acres Acres Sections Sections WI Smoky Kaskapau Cardium…
Individual Well Economics Sensitivities Type curve assumptions Nest 2 Drill & Complete (MM) 12.00 Tie cost (pad) (MM) 1.50 Total cost (D/C/T) (MM) 13.50 C5+ LGR (bbls/MMcf) 78 C2-C4 LGR (bbls/MMcf) 64 Current 2016 -2017 Sales…
Production Growth Plans: Transportation and Processing Arrangements Natural Gas Processing & Transportation Arrangements Firm transportation agreements with TCPL and Alliance with Aux Sable processing arrangement. Alliance rich gas…
Efficiently Delivering Resource to Markets 7G Lator Shallow Aux Sable 7G Super Pad Cut Processing(1) Chicago Processing Chicago gas sales (B) (A) (AECO until Dec. 2015) Dehydrated gas via Rich gas via Chicago NGL sales 7Gs…
Drilling & completions cost performance (updated to early August) Shorter Laterals Longer Laterals DEMONSTRATE OPTIMIZE DEMONSTRATE OPTIMIZE 2011-2013 Early 2014 Mid 2014 Late 2014 / 2015 Type curve lateral length Type curve…
Summary: A Differentiated Team Developing a World Class Asset High quality liquids-rich resource base Significant reserves and resources to support a multi-decade drilling program Location advantages and firm transportation…
APPENDIX
Hedge Position as of August 31, 2015 Hedge Position August 31, 2015 2015 2016 2017 2018 Q3 2015 Q4 2015 2H 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Q1 2018 Q2 2018 1H 18 Liquids Hedging…
Inventory of Nest 1 and Nest 2 Montney Wells In Progress Well Wells down due to Nest 1 Drilling Phase Completion Phase Tie-in Phase Producing Wells Inventory Concurrent Ops January 1, 2015 1 4 1 6 7 2 April 1, 2015 0 0 2 2 13 0…
NEST Gas Type Curves Production uplift seen in some initial pad wells coinciding with completion of new offset pad wells Gas production intentionally restricted during production; observed lower decline rates and higher liquid-gas…
NEST Condensate Type Curves Production uplift seen in some initial pad wells coinciding with completion of new offset pad wells Prospectus type curves are supported by statistical data, with outperformance observed above the dash…
Selected Financial and Operational Information OPERATING Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 YE 2014 YE 2013 Average daily production Condensate & oil (bbls/d) 20,702 15,810 14,747 12,580 9,264 7,554 11,061 2,390 NGLs…
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