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January 2016 Investor Presentation – Meg Energy

Meg Energy · Jan 16, 2016 · 18 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. January 2016 Investor Presentation – Meg Energy – slide 1
    INVESTOR PRESENTATION January2016
  2. January 2016 Investor Presentation – Meg Energy – slide 2
    StayingtheCourse LowoperaJngandsustainingandmaintenancecostssupportMEG throughalowoilpriceenvironment Targeted2016produc1onvolumesof80,00083,000bpd 2016capitalinvestmentplanof328million,70%ofwhichisdirectedtowardssustaining…
  3. January 2016 Investor Presentation – Meg Energy – slide 3
    ChrisJnaLakePerformance RecentplanttesJngconrmscombinedoiltreaJngcapacity inPhases1/2/2Bexceeds110,000bpd,80%overiniJaldesign *Plannedplantmaintenanceturnarounds INVESTORPRESENTATION2016 5
  4. January 2016 Investor Presentation – Meg Energy – slide 4
    BrowneldGrowththroughRISER 1 Proprietaryreservoirtechnology (eMSAGP)reducessteam-oilra1o Lowerenergycost,lowerGHGemissions intensity,increasedrecoveryrates 2 Redeployfreed-upsteamtonewSAGD…
  5. January 2016 Investor Presentation – Meg Energy – slide 5
    Phase1eMSAGPPerformance SteaminjecJonreduced ChrisJnaLakePadA by70%;resource recoveryanJcipated Inllwells Phase1 A3 A3N * A2N Inll toreach70% NCG/steam SAGDwells A2 A1N wells A3N co-injec1on A1 A7N *A2N *…
  6. January 2016 Investor Presentation – Meg Energy – slide 6
    NetGHGIntensityPerformance eMSAGPandcogeneraJonhaveenabledMEGtolowerits GHGIntensity21%belowinsituindustryaverage…
  7. January 2016 Investor Presentation – Meg Energy – slide 7
    MarkeJngStrategy MEGsHub&Spokestrategyfocusesondiversifyingmarket accesstogettoworld-pricedmarkets Pipe HUB U.S.Midwestaccessibleviaexistingpipelines AccessPipeline U.S.GulfCoastaccessviaFlanaganSouth/ 50%-owned:dual…
  8. January 2016 Investor Presentation – Meg Energy – slide 8
    WorldPricingforAlbertaHeavyOil MEGandtheindustryhaveimprovedrealizedbitumenpricesby gainingaccesstoworldheavyoilpricingintheGulfCoast Dec2013 Jan2014 Sept/Oct2014 July2015 Sept2015 MEGshippingby Marketlink Flanagan-Seaway ImpactofJune…
  9. January 2016 Investor Presentation – Meg Energy – slide 9
    CashOperaJngNetbacks StrongoperaJngperformanceandlowcoststructureenable MEGtonavigatethroughalowandvolaJlepriceenvironment BusinessEnvironment 1H153Q15 WTIUS/bbl 53.29 46.43 AECOC/mcf 2.69 2.89 FXC/US 1.24 1.31 DifferentialWTI/WCS%…
  10. January 2016 Investor Presentation – Meg Energy – slide 10
    SustainingCapital LowdeclineratesandlowsustainingcapitalenablesMEGtomaintain andgrowproducJoninalowoilpriceenvironment Sources:BMOCapitalMarketses:matesof2016sustainingcapital,MEGsownes:mate INVESTORPRESENTATION2016 12
  11. January 2016 Investor Presentation – Meg Energy – slide 11
    CorporateBreakeven PosiJonedtomaintainlowcostproducJonatUS42-45WTI 3Q15actualresultsinCunlessspecied *AssumesAWBblenddiscountat32%ofbreakevenWTI,priceofdiluentat109%ofbreakevenWTI,…
  12. January 2016 Investor Presentation – Meg Energy – slide 12
    2016CapitalBudgetandOperaJonalGuidance CapitalInvestmentSummary millions Sustainingandmaintenance 225 Sustainingandmaintenancecapital maintains2015slevelofproduc1onand Produc1vityenhancementandgrowthcapital 65…
  13. January 2016 Investor Presentation – Meg Energy – slide 13
    FinancialPosiJon SignicantliquidityoersexibilitythroughvariousmarketcondiJons Cashbalanceof351millionatSeptember30th,2015andaddi1onal proceedsof110millionfromthesaleofanon-coreassetin4Q15…
  14. January 2016 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. January 2016 Investor Presentation – Meg Energy – slide 15
    DebtMaturity NodebtmaturityunJl2020 INVESTORPRESENTATION2016 17
  16. January 2016 Investor Presentation – Meg Energy – slide 16
    EnhanceModiedSteam&GasPush AcombinaJonofproventechnologiestoreduceSOR Non-condensablegas(NCG)andinllwellsareproventechnologies,typically carriedoutasawind-downprocessafter6-8yearsofSAGDopera1ons…
  17. January 2016 Investor Presentation – Meg Energy – slide 17
    ChrisJnaLakeeMSAGPPadLayout INVESTORPRESENTATION2016 20
  18. January 2016 Investor Presentation – Meg Energy – slide 18
    HighQualityReservoirs CoreholedrillingidenJessimilarcharacterisJcs atChrisJnaLakeandSurmont AveragePay Bitumen Porosity Permeability Thickness SaturaJon (%) (millidarcies) (metres) (%) ChrisJnaLake 26 72 34 3,000-7,000 Phase1…

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