Stakeholder Differentiation We see ourselves as being in the service business, serving the needs of our stakeholders. We seek satisfaction for all stakeholders. Differentiation is imperative. We support an open and competitive business…
7G Key Value Drivers Corporate liquids yields of approximately 230 bbls/MMcf 1 High Quality 600 locations within priority development block (Nest 2) with supply costs < US 1.00/MMBtu at Asset US 45 WTI2 Large 431,000 net acres…
The Seven Generations Strategy Combine resource selection with innovation, technology and efficiency to remain among North Supply Cost Americas lowest supply cost unconventional gas developers Profitable growth to achieve free…
Seven Generations Overview & 2016 Guidance Capitalization 2016E Guidance Initial Public Offering Closed November 5, 2014 Production (% Liquids) (Mboe/d) 100-110 (55-60%) Ticker symbol TSX: VII Rig Count () 5-6 Basic Market…
7G: Strong Track Record of Consistent Performance & Growth Production (boe/d) Condensate Production (bbls/d) Natural Gas Production (1) (MMcf/d) 120,000 25,000 160 149 100,000 - 110,000 21,204 140 100,000 20,000 120 80,000 15,000…
Montney: Multiple Market Access Options Montney Location Summary Pipeline connected Multiple transcontinental natural gas pipelines Regional liquids gathering system Regional sour gas gathering and processing Close proximity…
The Boot Diagram: Ranking Project Competitiveness NYMEX (US/MMbtu) Breakeven* Price by Play 2015 NYMEX Henry Hub Price Range * Assumes a 15% IRR, US40/bbl WTI, WTI less US5/bbl for Edmonton Par, US0.50/MMbtu AECO basis and FX…
Continued Operational Excellence 2016 Forecast Production Growth of 80% 30% Reduction in Annual Capital in 2016 2015 Average of 60,400 BOE/d (59% Liquids) Efficiency gains in drilling have increased well count per rig by 33%…
Drilling & Completions Cost Performance Average Drilling & Completion Costs Drilling Costs & Lateral Length Completion Costs per Tonne Drilling Costs per Lateral Meter Note: Only includes Montney Nest wells. Improving unit…
Maintenance Capital vs. Growth 2015 Corporate Declines of 30 35% Running Room to Grow Average Q1 2016 production of 88,500 boe/d 900 drilling locations (2) within the Nest 30,000 boe/d of declines expected to be replaced 65 - 70…
Resource to Reserve to Production Conversions Resource to Reserve Conversion (% of Total Volumes) (1) March 31, 2013 December 31, 2014 December 31, 2015 December 31, 2015 YoY Category MMBOE % Liquids NPV10 (MM) MMBOE NPV10 (MM)…
Improving Production Profiles Condensate Yield Number of Wells Gas (MMcf/d) Condensate (bbls/d) Total (boe/d) (bbls/MMcf) Mar 16 Nov 14 Mar 16 Nov 14 Mar 16 Nov 14 Mar 16 Nov 14 Mar 16 Nov 14 IP30 112 34 78 4.3 4.8 -0.5 824 853…
Individual Well Economics: Upgraded Nest 2 Type Curve Flat pricing: 45 US/bbl WTI, 2.15 US/MMBTU NYMEX, 0.77 USD/CAD, Alberta MRF Royalties, all pre-tax Production sensitivities using 2015 Nest 2 2015 Nest 2 + higher + tighter…
Individual Well Economics: IRR Sensitivities (half-cycle, pre-tax) Average 2016 -2019 Hedge Position Assumptions: - NGLs as % of WTI: C3 35%, C4 50%, Alberta C5+ 93%. Chicago gas discount 0.01 to NYMEX HH. Unit transportation…
The Infrastructure Advantage More than 1 billion of infrastructure investments 510 MMcf/d of processing capacity through 2 gas plants 8 Super Pads currently on production 50,000 bbls/d of condensate stabilization capacity by year…
Production Growth Plans: Transportation and Processing Arrangements Firm Gas Transportation (MMcf/d) Firm Liquids Transportation (bbls/d) Q1 2016 Total Condensate Sales Q1 2016 Rich Gas Production Q1 2016 Pipeline Connected…
Efficiently Delivering Resource to Markets 7G Lator & Cutbank Aux Sable 7G Super Pad Shallow Cut Processing Chicago Processing Chicago gas sales (B) (A) Dehydrated gas via Rich gas via Chicago NGL sales 7Gs gathering system…
Seven Generations - Level 1 Corporate Policy Statement We believe that Companies have only the rights given to them by society. While people have a natural entitlement to basic rights, corporations are an instrument created by society…
Selected Financial and Operational Information OPERATING Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 YE 2015 YE 2014 Average daily production Condensate & oil (bbls/d) 28,423 25,572 22,606 20,702 15,810 21,204 11,061 NGLs (bbls/d) 22,611…
Current Hedge Position Hedge Position May 30, 2016 2016 2017 2018 2019 Q2 2016 Q3 2016 Q4 2016 ROY 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019…
Inventory of Nest 1 and Nest 2 Montney Wells In Progress Well Wells down due to Nest 1 Drilling Phase Completion Phase Tie-in Phase Producing Wells Inventory Concurrent Ops July 1, 2015 0 0 0 0 15 0 October 1, 2015 0 1 0 1 15…
Well Results within the Nest Nest 2 Nest 1 Gas C5+ Total C5 +Yield Wells Gas C5+ Total C5 +Yield Wells Mcf/d bbls/d boe/d bbl/MMcf () Mcf/d bbls/d boe/d bbl/MMcf () IP30 4,618 854 1,624 185 96 2,315 651 1,036 281 15 IP90 4,578…
Nest 2 Type Curve Raw Gas Production vs. Producing Wells Key assumptions: - Non-producing days have been removed. All data is normalized to 28 stages. Normalization assumes directly proportional relationship between completed…
Nest 2 Type Curve Wellhead Condensate vs. Producing Wells Key assumptions: - Non-producing days have been removed. All data is normalized to 28 stages. Normalization assumes directly proportional relationship between completed…
Drilling Improvements: 2011 2015 Avg. Well Cost & Time vs. Depth 40% increase in lateral length with approximately 35% lower drill cost Reduced drilling time from 67 days to 31 days for a 13% longer measured depth Resulting…
Sweet Spot of the Montney Over Pressured High Productivity Brittle Rock High Recovery Factor Thickness Large Resources in Place Lower Temperature High Liquids Content Sources: Canadian Discovery & GDGC (2008, 2011), & Steven…
Upside Potential from Upper Montney Extension and Secondary Targets Badheart 7G ACREAGE HELD BY ZONE (March 31, 2016) Muskiki Gross Gross Net Average Cardium Zone Net Acres Acres Sections Sections WI Smoky Kaskapau Cardium…
Next Steps in Well Optimization: High Intensity Completions Tighter frac stage spacing Larger proppant tonnages 2015 average stage spacing of 100 107 metres (28 stages per 2800m 3000m well) Historical frac intensity of 120 tonnes per…
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