CORPORATE PRESENTATION APRIL 2016 All amounts in Canadian dollars unless indicated otherwise
NuVista Snapshot NuVista Corporate Info TSX trading symbol: NVA Market capitalization: 0.8 billion Basic shares outstanding: 153.3 million Bank debt capacity: 300 million Percent Drawn (YE2015): 66% Net Debt:Cashflow1: 1.7x…
NVA Principles and 2016 Guidance Focused on the Long Term Flexibly managing the short term Maintain Balance Sheet Profitable Growth Tuned Reducing Costs & Strength to Market Environment Improving Performance Net debt/funds flow…
The Alberta Condensate-Rich Montney A sweet spot in a world class play 1. Scalable/Repeatable Deposition on the shelf edge not isolated pockets Gas charged top to bottom Over-pressured low water saturation High Quality 2. Porous…
The Alberta Condensate-Rich Montney Industry Drilling and Production growth continues Elmworth to Kakwa Montney HZ Activity Update* High level of industry activity continues T70 650 Montney HZ wells licensed and/or drilled to date…
Relentless Improvement Efficiency and Well Costs Montney Well Cost (DCET) By Year Average Annual Montney Drilling Curves 12 0 2013 2014 2015 Recent Wells 10 1,000 8 2,000 Depth (m) 3,000 (M) 6 4,000 4 RecentRecord…
Relentless Improvement Bilbo Well Performance Bilbo Type Curve Progression Bilbo Well Production-to-Date 400 2013 Type Curve (4.4 Bcf; 35 Bbls/MMcf) 600 2014 Type Curve (4.4 Bcf; 45 Bbls/MMcf) 2015 Type Curve (4.4 Bcf, 75 bbl/MMcf)…
Relentless Improvement Elmworth Well Performance Elmworth Type Curve Progression Elmworth Well Production-to-Date 400 2013 Type Curve (4.4 Bcf; 35 Bbls/MMcf) 700 2014 Type Curve (4.4 Bcf; 45 Bbls/MMcf) 2015 Type Curve (6 Bcf, 45…
2016 Guidance Agility in Capex Reduction 2015 Capital Expenditures (MM) 2016 Capital Expenditures (MM) DCET & Optimization 11 6 10 Facilities & Water Mgmt 8 Maintenance 10 Land, Seismic & Other 67 185 Development Focused…
Montney Operations Activity Update R8W6 R6W6 Activity Highlights Pipestone T70 Ten new 2015/16 well online by early Q2 Elmworth Two rigs Drilling, reducing to one in April 13 Wells Producing in the Development Block (IP30) 3 New…
Elmworth Development Block Volume Ramp in-progress R9W6 R8W6 North Montney Sales Production 8 Sales Gas NGL's C5+ T69 Cumulative-to-Date 7 Bbls/MMcf 6 Condensate 11 Butane 9 5 39 Production (Mboed) Propane 3 new wells…
Bilbo Development Block Focus on Efficient Production Additions in 2016 South Montney Sales Production 16 Cumulative-to-Date Sales Gas NGL's C5+ 6 New Wells on-stream Bbls/MMcf T66 14 Condensate in March/April 5 Butane 12 5…
A Closer Look at the NuVista 'Boe' Condensate Underpins Economics and Provides Torque to Oil Price Recovery NuVista Production Mix1 NuVista 2016 Revenue Composition2 30,000 100% 2% 90% 25,000 80% 49% 70% 20,000 8% Nat Gas 60%…
NuVista Montney Recycle Ratio and Profitability Tremendous Torque to Oil and Gas Price Full-Cycle Bilbo F&D Cost 2016E Montney Cash Costs Well Cost (DCET) 7.3 MM Operating Cost 11.00/Boe Land/Seismic/Facilities 0.6 MM Transportation…
Wapiti Montney Firm Egress Counts Built-in growth with generous capital flexibility in the short term and multiple options for the long term Grande Prairie Proposed 2018 Wapiti Area Gas Plants NuVista (50%) North Compressor…
Wapiti Montney Processing Capacity Firm Capacity with TOP flexibility built in All products have virtually 100% FIRM downstream take-away 2016 Montney Production 20,000+ Boe/d 15,000+ Boe/d of Future Growth Capacity in Place 200…
2015 Year-end Reserves Report 2015 Year-end Reserves Report GLJ Petroleum Consultants Ltd. PDP reserves volume increased 40% before production and dispositions, or 13% after Corporate TP+PA reserves volume increased by 15% Corporate…
Commodity Price Risk Management We are well hedged with under 10% AECO exposure for 2016 Crude Oil Hedge Position 5,000 100.00 4,000 80.00 Hedged Volume, Bbl/d Price, C/Bbl 3,000 60.00 Floor C WTI price of 77.28/Bbl on 57% of…
NuVista Operating Results 2016 Guidance Corporate Production (Boe/d) Actual Production Guidance Wapiti Montney Other Properties (Boe/d) (Boe/d) 25,000 23,165 23,355 23,215 21,448 21,622 Q116 - 24,500 - 25,000 20,000 17,823 18,030…
NuVista: Looking Forward Flexibility and Strength in a Volatile Environment Balance sheet comes first Top plays win at any price, wells keep improving Focused capital discipline & reducing unit costs No material unutilized TOP cost…
Significant New Wells On-stream New Record Wells at Bilbo and Significant Step-out at Elmworth Bilbo 01-34 Well Bilbo 16-27 Well 6,000 C5+ Actual (bbl/d) C5+ Type Curve (bbl/d) 18,000 5,000 C5+ Actual (bbl/d) C5+ Type Curve (bbl/d)…
Condensate Pricing Strong demand and premium price for the long term Western Canadian Condensate Pricing Condensate is used in Alberta as a diluent to ship heavy oil on pipelines Condensate in Alberta is typically priced at a…
Focus on Wapiti Our lands contain the Montney with the bonus of significant Deep Basin uphole potential Acres 000's Nikanassin Dunvegan Cadomin MONTNEY Wilrich Falher FAIRWAY DUNVEGAN CADOTTE NOTIKEWIN Gross…
Montney Delineation Large Portfolio of Development Opportunities NVA Producing Montney Montney HZs New Block SW of Elmworth is Emerging Three successful step-out results Encouraging initial gas rates and evidence of material…
Lower Montney Activity NuVista Data Collection In Progress R9W6 R7W6 R5W6 R3W6 Multiple pilot wells in progress by T70 Pipestone industry Early Production Data NVA 15-13-68-7W6 Vertical Emerging Over-pressured 133 Bbls/MMcf…
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