Core Areas Total Core Assets (Q1 2016) Production 48,500 boe/d Liquids 74% Opex 12.50/boe NOI 212 MM Netback 12.00/boe Greater Viking (Q1 2016) Production 19,500 boe/d Liquids 87% Opex 14.50/boe NOI 67 MM Netback 9.50/boe…
Non-Core Areas: Upside Potential with Stable Base Total Non-Core and Other Assets (FY 2015) NE BC & NW AB Production Liquids boe/d % Swan Hills 5,500 76% NE BC & NW AB 6,500 9% East Central AB 6,000 40% PROP 5,000 98% PROP…
Continue to Transact on Asset Dispositions 3.4B 2.1B of dispositions since Q2 2013 1.7B Q2 2013 Net Debt Q1 2016 Net Debt Pro Forma 3,402 (493) Dispositions evidence the quality of our asset base, our ongoing commitment to…
2016 Capital Budget & Guidance Operating Expense guidance has been lowered to 17.00 - 18.00/boe from 18.00 - 18.75/boe Annual average production guidance remains unchanged despite dispositions announced year to date 2016 FY…
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…
Greater Viking Overview Greater Viking Play Details Production boe/d 19,500 Locations 535 T30 Land sections 648 Penn West land PW 2015 well 4 kms PW 2014 well R22W3 2 miles 1P Reserves MMboe 48 ALBERTA SASKATCHEWAN 2P…
Cardium Overview T54 Cardium Play Details Production boe/d 29,000 Locations 2,500 Land sections 766 Easyford T50 Pembina 1P Reserves MMboe 101 PCU 11 J Lease 2P Reserves MMboe 135 PCU 9 2P RLI years 16 T45 Lodgepole…
Q1 2016 Operated Development Activity Activity limited to completing and bringing on production from previously drilled wells Viking and Cardium Brought on production 21 wells in Viking and 5 wells in Cardium Showing strong…
Driving Down Operating Costs 650 Absolute operating costs at our existing properties reduced over 20%, which excludes the impact of divestitures 550 Operating Costs (MM) 450 Expect further 20% operating cost savings in…
Appendix
Year End 2015 Reserve Highlights Proved + Probable (2P) Reserve Value of 3.4B based on Reserve Volumes of 306 MMboe 2P reserve volumes of 306 MMboe Before Tax Reserve Value (MM) and Proved Developed Producing (PDP) of 177 MMboe…
Year End 2015 Core Asset Reserve Highlights Volume and Value Concentration in Core Areas Confirms Long Term Strategy Other Viking Cardium Reserve Volumes (Mboe) 109 62 Viking and Cardium areas account for 65% of 2P 135…
2P Reserve Reconciliation YE 2014 vs YE 2015 Variance Driven Largely by Dispositions and Economic Factors Approximately 70% of the reduction in reserve volumes was due to either dispositions or impacts of the reduced price…
Hedge Positions as at March 31, 2016 Hedging program continues to help reduce the volatility of our funds flow from operations, thereby improving our ability to align capital programs going forward Oil Volumes Hedged (bbl/d) Gas…
Debt Capital Structure See Endnotes Senior Debt as at March 31, 2016 Bank Facility as at March 31, 2016 Bank Facility C0.5B Undrawn Amount Capacity Drawn C0.7B C0.5B Senior Notes C1.4B Senior Debt 1.9B Aggregate…
Senior Notes Maturity Profile: March 31, 2016 Senior Notes Breakdown As at March 31, 2016, in millions Currency Outstanding C FX Rate C Outstanding C354 USD US937 1.30 C1,217 CAD C73 1.00 C73 GBP 49 1.87 C91 C64 EUR 6 1.48 C9…
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…
Loading...
