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November 2015 Investor Presentation – Meg Energy

Meg Energy · Nov 12, 2015 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. November 2015 Investor Presentation – Meg Energy – slide 1
    MEGEnergy INVESTOR MasterPowerPoint PRESENTATION November2015
  2. November 2015 Investor Presentation – Meg Energy – slide 2
    RealizingthePotenLal SignicantreducLoninoverallcoststructuredrives posiLvecashowinalowoilpriceenvironment Advancesintechnologyandcon7nuedeciencyimprovements supporta16%reduc7onin2015non-energyopera7ngcost guidanceto6.90-7.10perbarrel…
  3. November 2015 Investor Presentation – Meg Energy – slide 3
    CorporateBreakeven PosiLonedtomaintainlowcostproducLonatUS42-45WTI 3Q15actualresultsinCunlessspecied *AssumesAWBblenddiscountat32%ofbreakevenWTI,priceofdiluentat109%ofbreakevenWTI,C/USFX1.31,sustainingcapexof7.50/bblatmid-pointof…
  4. November 2015 Investor Presentation – Meg Energy – slide 4
    SubstanLalReservesandResources 3.0billionbarrels2Pand3.8billionbarrelsconLngentresources* idenLedto-date *Best-esmateconngentresources BasedonGLJReserveReportdatedeecveasof December31,2014andnotrevisedtoreect Evaluated by GLJ…
  5. November 2015 Investor Presentation – Meg Energy – slide 5
    ChrisLnaLakePerformance RecentplanttesLngconrmscombinedoiltreaLngcapacity inPhases1/2/2Bexceeds110,000bpd,80%overiniLaldesign *Plannedplantmaintenanceturnarounds INVESTORPRESENTATION2015 7
  6. November 2015 Investor Presentation – Meg Energy – slide 6
    BrowneldGrowththroughRISER 1 Proprietaryreservoirtechnology (eMSAGP)reducessteam-oilra7o Lowerenergycost,lowerGHGemissions intensity,increasedrecoveryrates 2 Redeployfreed-upsteamtonew SAGDwellstofurtherincrease…
  7. November 2015 Investor Presentation – Meg Energy – slide 7
    Phase1eMSAGPPerformance SteaminjecLonreduced ChrisLnaLakePadA by70%;resource A3N* recoveryanLcipatedto Inllwells Phase1 SAGDwells A3 A2 A2N Inll reach70% NCG/steam A1N wells A3N co-injec7on A1 A7N* *A2N…
  8. November 2015 Investor Presentation – Meg Energy – slide 8
    NetGHGIntensityPerformance eMSAGPandcogeneraLonhaveenabledMEGtolowerits GHGIntensity21%belowinsituindustryaverage Phase1 Phase2 Phase2B…
  9. November 2015 Investor Presentation – Meg Energy – slide 9
    CashOperaLngNetbacks StrongoperaLngperformanceandlowcoststructureenable MEGtonavigatethroughalowandvolaLlepriceenvironment BusinessEnvironment 1H153Q15 WTIUS/bbl 53.29 46.43 AECOC/mcf 2.69 2.89 FXC/US 1.24 1.31 DifferentialWTI/WCS%…
  10. November 2015 Investor Presentation – Meg Energy – slide 10
    2016eSustainingCapital LowdeclineratesandlowsustainingcapitalenablesMEGto maintainandgrowproducLoninalowoilpriceenvironment Source:BMOCapitalMarkets INVESTORPRESENTATION2015 12
  11. November 2015 Investor Presentation – Meg Energy – slide 11
    MarkeLngStrategy MEGsHub&Spokestrategyfocusesondiversifyingmarket accesstogettoworld-pricedmarkets HUB Pipeline U.S.Midwestaccessibleviaexistingpipelines AccessPipeline U.S.GulfCoastaccessviaFlanaganSouth/ 50%-owned:dual…
  12. November 2015 Investor Presentation – Meg Energy – slide 12
    WorldPricingforAlbertaHeavyOil MEGandtheindustryhaveimprovedrealizedbitumenprices bygainingaccesstoworldheavyoilpricingintheGulfCoast Dec2013 Jan2014 Sept/Oct2014 July2015 Sept2015 MEGshippingby Marketlink Flanagan-Seaway ImpactofJune…
  13. November 2015 Investor Presentation – Meg Energy – slide 13
    FinancialPosiLon Signicantliquidityoersexibilitythrough variousmarketcondiLons Cashbalanceof351millionatSeptember30th,2015 Rela7velylow-levelofsustainingandmaintenancecapital 5year,US2.5billionundrawnrevolvingcreditfacility…
  14. November 2015 Investor Presentation – Meg Energy – slide 14
    LiquidityandDebt InCbillions,assumeUS1=C1.3394 Subjecttorounding Liquidity AsofSeptember30,2015 Cashandcashequivalents 0.35 Undrawnrevolvingcreditfacility 3.35 3.70 OutstandingDebt Seniorsecuredtermloandue2020 1.68…
  15. November 2015 Investor Presentation – Meg Energy – slide 15
    DebtMaturity NodebtmaturityunLl2020 INVESTORPRESENTATION2015 17
  16. November 2015 Investor Presentation – Meg Energy – slide 16
    APPENDICES
  17. November 2015 Investor Presentation – Meg Energy – slide 17
    EnhanceModiedSteam&GasPush AcombinaLonofproventechnologiestoreduceSOR Non-condensablegas(NCG)andinllwellsareproventechnologies, typicallycarriedoutasawind-downprocessafter6-8yearsofSAGDopera7ons…
  18. November 2015 Investor Presentation – Meg Energy – slide 18
    ChrisLnaLakeeMSAGPPadLayout INVESTORPRESENTATION2015 20
  19. November 2015 Investor Presentation – Meg Energy – slide 19
    HighQualityReservoirs CoreholedrillingidenLessimilarcharacterisLcs atChrisLnaLakeandSurmont AveragePay Bitumen Porosity Permeability Thickness SaturaLon (%) (millidarcies) (metres) (%) ChrisLnaLake 26 72 34 3,000-7,000 Phase1…
  20. November 2015 Investor Presentation – Meg Energy – slide 20
    Notes: INVESTORPRESENTATION2015

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