Corporate Profile Production (Q4/15) 77,000 boe/d Operations Production (Q3/15) 82,198 boe/d Liquids % 67% Netback (Q3/15) 13.72/boe EBITDA (Q3/15 trailing 12 months) 520 MM Asset Base 1P Reserves (YE 2014) 368…
Core Areas Total Core Assets Production 53,000 boe/d Liquids 76% Opex 16.00/boe NOI 410 MM Netback 21.00/boe Slave Point Greater Viking 100 kms 65 miles Production 18,500 boe/d Liquids 86% 95 kms Opex 16.50/boe 60 miles…
Non-Core Areas: Upside Potential with Stable Base Total Non-Core Assets NE BC & NW AB Production Liquids boe/d % Swan Hills 7,500 75% NE BC & NW AB 7,500 8% East Central AB 7,000 41% PROP PROP 3,000 98% Other 1,000 56% Total…
Recent Dispositions Mitsue Properties 9.5% Weyburn Unit Working Interest Closed October 30, 2015 Closed November 6, 2015 Proceeds MM 192.5 Proceeds MM 205 Production boe/d 4,500 Production bbl/d 2,500 Liquids Weighting % 78% Liquids…
Continue to Transact on Non-Core Assets 3.4B 1.9B of dispositions since Q2 2013 2.0B Q2 2013 Net Debt Q3 2015 Net Debt Pro Forma Mitsue & Weyburn Sales 3,402 (493) Total production sold of 35,000 boe/d implies aggregate…
2016 Budget Re-Affirms Our Strategy 2016 capital budget is consistent with the Limit Capital Expenditures to strategy announced on September 1, 2015 Funds Flow from Operations Seek to limit total expenditures to FFO Only…
2016 Capital Budget 2016 Budget Focus Full Year Capital Budget of 50MM (excl. Enviro) re-affirms our commitment of living within our means Total expenditures (incl. Enviro) seeks to be within FFO Focus on maintaining…
2015 Operational Update Production (boe/d) Capex (MM) 90,000 600 Guidance Guidance Range 500 2015E 2015E 400 80,000 300 200 100 70,000 0 Q4 FY Q4 FY Q4 and FY production above the midpoint of guidance despite Capex…
Greater Viking Overview Greater Viking Play Details Production boe/d 18,500 Base Decline % 8 - 12 T30 Locations 1,500 Penn West land PW 2015 well 4 kms R22W3 PW 2014 well Land sections 1,000 2 miles ALBERTA SASKATCHEWAN…
Cardium Overview T54 Cardium Play Details Production boe/d 29,000 Base Decline % 16 - 20 Locations 2,500 Easyford T50 Pembina Land sections 1,100 PCU 11 J Lease 1P Reserves MMboe 160 PCU 9 2P Reserves MMboe 216 2P RLI…
Limiting Capex to Funds Flow from Operations 215MM 150MM Surplus Surplus Going forward, we seek to limit our Total Capital expenditures to Funds Flow from Operations Capex Capex Capex Capex Incl. Incl. Incl. Incl.…
Driving Down Capital Costs Pembina Cardium Drill Cost Dodsland Viking Drill Cost 550 230 Pembina Cardium Dodsland Viking YTD 2015 cost per YTD 2015 cost per meter drilled down meter drilled down 500 200/m from 2013 220 30/m from…
Driving Down Operating Costs 750 Absolute operating costs at our existing properties reduced over 20%, 650 which excludes the impact of divestitures Operating Costs (MM) 550 Expect further 20% 450 operating cost…
Appendix
Hedge Positions as at Nov 4, 2015 Hedging program continues to help reduce the volatility of our funds flow from operations, thereby improving our ability to align capital programs going forward In Q3 2015, we began to extend crude…
Debt Capital Structure Senior Debt as at Sep 30, 2015 Bank Facility as at Sep 30, 2015 Bank Facility C0.5B Undrawn Capacity Amount C0.6B Drawn C0.6B Senior Notes C1.7B Senior Debt 2.2B Aggregate Borrowing Limit of…
Senior Notes Maturity Profile: Sep 30, 2015 Senior Notes Breakdown C456 As of Sep 30, 2015, in millions Currency Outstanding C FX Rate C Outstanding USD US1,124 1.33 C1,500 C95 CAD C96 1.00 C96 GBP 67 2.02 C134 EUR 8 1.49 C12…
US WTI To C Edmonton Par Comparison Illustrative Comparison of U.S. and Canadian Benchmark Light Oil Prices C14 C50 Due to a weaker Canadian Dollar, Canadian producers receive a revenue uptick per barrel of oil relative to…
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