March 2016 Investor Presentation – Meg Energy
Meg Energy ·
Mar 14, 2016 · 14 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
INVESTOR PRESENTATION March2016
StayingtheCourse StrongliquidityandlowoperaBngcostssupport MEGthroughalowoilpriceenvironment Targeted2016produc0onvolumesof80,00083,000bpd Revised2016capitalinvestmentplanof170million,approximately150millionof…
ChrisBnaLakePerformance RecentplanttesBngconrmscombinedoiltreaBngcapacity inPhases1/2/2Bexceeds110,000bpd,80%overiniBaldesign *Plannedplantmaintenanceturnarounds INVESTORPRESENTATION2016 5
Phase1eMSAGPPerformance SteaminjecBonreduced ChrisBnaLakePadA by70%;resource recoveryanBcipated Inllwells Phase1 A3 A3N * A2N Inll toreach70% NCG/steam SAGDwellsA2 A1N wells A3N co-injec0on A1 A7N *A2N *…
NetGHGIntensityPerformance eMSAGPandcogeneraBonhaveenabledMEGtolowerits GHGIntensity21%belowinsituindustryaverage *PhaseStart-UpHighersteamrequirementswithlowinialproducon**TheNetGHGIntensityincludestheassociatedbenetsofcogeneraon…
WorldPricingforAlbertaHeavyOil MEGandtheindustryhaveimprovedrealizedbitumenpricesby gainingaccesstoworldheavyoilpricingintheGulfCoast Dec2013 Jan2014 Sept/Oct2014 July2015 Sept2015 MEGshippingby Marketlink Flanagan-Seaway ImpactofJune…
CashOperaBngNetbacks StrongoperaBngperformanceandlowcoststructureenable MEGtonavigatethroughalowandvolaBlepriceenvironment BusinessEnvironment 4Q15 2015 WTIUS/bbl 42.18 48.80 AECOC/mcf 2.57 2.71 FXC/US 1.34 1.28 DifferentialWTI/WCS%…
SustainingCapital LowdeclineratesandlowsustainingcapitalenablesMEGtomaintain andgrowproducBoninalowoilpriceenvironment Sources:BMOCapitalMarketsesmatesof2016sustainingcapital,MEGsexpectedsustainingandmaintenancecapitalfor2016…
CorporateBreakeven 2015actualresultsinCunlessspecied *Assumespriceofdiluentat109%ofbreakevenWTI,C/USFX1.27 Thischarthasbeenpreparedforillustraonpurposesonlyandhasbeenbasedoncertainassumponswhich,ifinaccurate,couldchangethe…
2016CapitalBudgetandOperaBonalGuidance RevisedCapitalInvestmentSummary millions Sustainingandmaintenance 150 Marke0ng,corporateandother 20 170 Reduced2016planned Other 12% Other sustainingcapitaltobelow 10%…
FinancialPosiBon Signicantliquidityoersexibilitythroughunsustainablylowoilprices Cashbalanceof408millionatDecember31th,2015,includingproceedsof 110millionfromthesaleofanon-coreassetin4Q15…
LiquidityandDebt InCbillions,assumeUS1=C1.3840 Subjecttorounding Liquidity AsofDecember31,2015 Cashandcashequivalents 0.41 Undrawnrevolvingcreditfacility(US2.5billion) 3.46 3.87 OutstandingDebt Seniorsecuredtermloandue2020 1.73…
DebtMaturity NodebtmaturityunBl2020 INVESTORPRESENTATION2016 15
Notes: INVESTORPRESENTATION2016 16
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