OUR ASSET BASE We have a current inventory of over 1,550 drilling locations and are prepared to execute a drilling program once macro economic conditions (commodity prices and costs) support investment Q1 Production Booked and…
RESERVES SUMMARY 2015 Results Proved + Probable Reserves Mix (142 MMboe) 2P reserves of 142 MMboe 23% 2P NPV10% (before tax) of 2.2 billion 68% 9% 2.90/share net of total debt Minimal capital investment in low commodity Light &…
BORROWING BASE RE-DETERMINATION On May 2, 2016 we announced that our lending syndicate finalized the semi-annual re-determination under our secured credit facility Reduced from 550 million to 250 million Set by the lowest determined…
1H 2016 GUIDANCE We are maintaining a conservative capital plan for the first half of 2016 1H 2016 Revised Funds (000s, except where noted and per share 1H 2016 Guidance Q1 Actual Guidance Sensitivity Flow amounts) (Feb 11, 2016)…
DEBT COMPOSTION The credit facility lending syndicate completed their semi-annual borrowing base re-determination Term Secured Credit Facility1 3712 million drawn (Q116) 250 million Term Secured 2nd Lien Notes Second Lien…
Q4 2015 NETBACKS & HEDGING EFFECTS In Q4 2015, we realized a gain of 22 million on crude oil and natural gas derivative contracts, resulting in a netback of 27.09/boe. We realized a 6 million gain on crude oil and natural gas derivative…
BAKKEN ASSETS Focus on optimization and EOR Our assets produce light oil from the Bakken and the conventional Mississippian formations with a relatively low decline rate. In 2016 we continued to focus on optimizing and expanding our…
IMPROVING TIGHT OIL RECOVERIES Future value generation through natural gas flooding With Bakken EOR projects we expect to: Bakken Attenuate declines and extend production life Increase DPIIP recovery factors from 15% to potentially…
CARDIUM ASSETS Generating positive operating cash flow Our extensive land base stretches from southwest LTS Land of Calgary to northwest of Edmonton and our LTS Batteries assets produce light oil from the Cardium Sales Gas Pipelines…
SPIRIT RIVER DEVELOPMENT By utilizing existing Cardium infrastructure, we achieve cost optimization We have 5 net liquids-rich Falher gas wells on production Stacked play potential with Notikewin and Falher Top tier capital…
AB / BC ASSETS The Swan Hills provides us with another growth platform Light-oil play Proved productive capacity with infrastructure for growth Reserve bookings confirm long-term prospectivity Implemented EOR water flood in April…
LONG-TERM WELL ECONOMICS We focus on well economics that reinforce our business model with quick payouts and strong capital efficiencies < 2 year capital payout 2 recycle ratio Business Unit Bakken Business Unit Cardium Alberta/BC Type…
LIGHTSTREAM TODAY PRESERVE LONG TERM EXTENSIVE ASSETS SHORT-TERM STRATEGY VALUE Extensive drilling 2.2 billion NPV 10% Continue normal course inventory equating 2.90/share net operations of debt Cure liquidity shortfall:…
Loading...
