Westbrick Energy Ltd. - Introduction Westbrick is a private company founded in 2011 to capture long term development drilling inventory Drilling inventory must compete to be the lowest cost deliverability to protect returns during…
Westbrick Key Data Summary Current Production 13,000 BOEPD Capable of greater than 18,000 BOEPD 2015 effective decline rate 0% P+P Reserves 61.5 MMBOE at December 31, 2014 Reserves are 74% gas, 6 % light oil and 20% NGL GLJ P+P PV10…
Performance Track Record Annual Production Yearend Reserves CAGR: 55% CAGR: 179% Annual Cashflow Capex and Costs 5
How will we follow the plan in 2015 Price drives growth and activity Overall Business Plan Retain capital allocation flexibility Grow Production Maintain a strong balance sheet Capture and Cashflow Delineate Always keep…
Why Deep Basin Stacked Multi-Zone Sequence Good Rock + Technology = Great Wells Effectively a resource play single section can have numerous locations Conventional plays vertical well control Performance governed by sand quality…
Why Pembina Liquid Rich Gas Top Wells in Canada Pembina Mannville Horizontal Well Production Growth GAS RATE (MMCF/D) Well Count 1,000 Gas Rate (MMCF/D) & Well Count 900 800 Westbrick Entry 700 VET 600 500 400 300 TOU…
Diversified Asset Portfolio Liquids Rich Gas and Light Oil Gas Play - WTI Oil Fixed at US60/Bbl Oil Play - Gas Fixed at CDN2.50/GJ Gas Play Oil Play 160% 160% 140% 140% 120% 120% 100% 100% IRR (%) IRR (%) 80% 80% 60% 60%…
Efficient Shareholder Returns Never Ending Objective Well Length and Frac Stages Average D&C Cost and Yearly CAPEX Stages Average Depth D&C Cost per Stage CAPEX 4,100 30 400,000 180 Average D&C cost per Stage 350,000 160 4,000…
Corporate Reserves Performance * FD&A reflects the underlying asset quality FD&A strongly dependent on liquid percentage of the reserves Recycle Ratio is the normalizing performance comparison variable Recycle Ratio captures the…
Why Westbrick in the Current Environment 1. Capital Efficiency proven resource and execution program Low supply cost resource 2. Sustainable production base for 13,000 15,000 BOEPD Cashflow, production and reserves Access to capital…
Corporate Information Westbrick Energy Ltd. Suite 2500 255 5th Ave SW Calgary Alberta T2P 3G6 Contacts Ken McCagherty President & CEO Lloyd Heine VP Finance & CFO (587) 293 4660 (587) 293 4679 mccaghertywestbrick.ca lheinewestbrick.ca…
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