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June 2016 Corporate Presentation – Bonterra Energy Corp

Bonterra Energy Corp · Jun 30, 2016 · 20 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

  1. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 1
    BONTERRA ENERGY CORP. JUNE 2016 YIELD GROWTH SUSTAINABILITY
  2. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 2
    CURRENT SNAPSHOT CORPORATE PROFILE Shares outstanding 33.1 million Market capitalization 890 million Insider ownership 12% Current monthly dividend 0.10 per share Current annualized yield(1) 4.5% Oil and liquids weighting 71% (6%…
  3. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 3
    FINANCIAL RESULTS HIGHLIGHTS Three Months Year Three Months (000s except per share amounts) 2016 2015 2015 Funds Flow 16,372 117,948 22,090 Per share basic 0.49 3.61 0.69 Payout ratio 61% 54% 87% Cash Dividends per share 0.30 1.95…
  4. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 4
    CASH FLOW SENSITIVITIES Per Annum Cash Flow Sensitivity Analysis(1) (estimate for 2016) Cash Flow Per Share(2) Change of U.S. 1.00 per barrel of oil and NGLs 2,793,000 0.08 Change of Canadian 0.10 per MCF of natural gas 755,000 0.02…
  5. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 5
    DIVIDEND HISTORY 0.40 0.35 0.30 0.30 0.29 0.28 0.26 0.25 0.24 0.22 0.21 0.20 0.18 0.16 0.16 0.15 0.15 0.14 0.12 0.10 0.10 0.05 - 5
  6. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 6
    SHAREHOLDER VALUE Reserves per Share Reserves Profile (boe per share) (Proved plus Probable) (Proved plus Probable) 2.78 2.47 2.50 2.28 2.09 2.13 27% Natural Gas 73% Oil/NGLs 90,621 80,248 74,981 2010 2011 2012 2013 2014…
  7. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 7
    SHAREHOLDER VALUE Production per Share Production Profile (boe per share) 0.147 0.150 0.139 0.119 0.124 0.109 26% Natural Gas 74% Oil/NGLs 13,195 12,656 12,190 2010 2011 2012 2013 2014 2015 Gross Production (boe per…
  8. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 8
    PRODUCTION FORECAST Vertical Wells Horizontal Wells 2016 Capital Program 16,000 14,000 12,000 10,000 BOE/d 8,000 18% Corporate Decline Rate 6,000 4,000 2,000 0 1/1/2016 3/1/2016 5/1/2016 7/1/2016…
  9. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 9
    SUSTAINABILITY DRIVERS COMMODITY SENSITIVITY Run Rate Production Assumption = 12,500 boepd WTI (USD) /bbl 35.00 40.00 45.00 50.00 55.00 60.00 65.00 70.00 Differential (USD) /bbl 2.00 2.50 3.00 3.50 4.00 4.00 4.5 5.00 Foreign…
  10. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 10
    PEMBINA CARDIUM ORIGINAL OIL IN PLACE PER SECTION RECOVERY FACTOR 0 to 5,000 Mbbl 0% 5,000 to 10,000 Mbbl 5% 10,000 to 20,000 Mbbl 10% 20,000 to 25,000 Mbbl 15% 25,000+ Mbbl 20% 25% KEY CHARACTERISTICS Pembina is the…
  11. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 11
    CARDIUM LANDS LAND Average working interest 76% Bonterra operates 88.5% of its total production Reserve life index (Proved) 11 years Reserve life index (P+P) 16 years Reserves (P+P) 90.6 MBOE Land position 292 gross (201…
  12. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 12
    CARNWOOD AREA Drilled Potential Drilling locations Sections: 38 gross (35 net); Locations (6 to 8 wells per section): 300 gross (280 net) 12
  13. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 13
    PEMBINA CARDIUM DEVELOPMENT CONVENTIONAL VERTICAL DEVELOPMENT 4 vertical wells Estimated ultimate oil recovery: 378,000 Bbl Recovery factor: 3.2% 8 HZ WELLS* PER SECTION DEVELOPMENT Estimated ultimate oil recovery: 1,178,000 Bbl…
  14. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 14
    PEMBINA CARDIUM DEVELOPMENT SECTION 13-048-06W5 1,000 Vertical Wells + Horizontal Development 100 BOPD Recovery Factor = 10% to 14% Vertical Wells 10 Recovery Factor = 3.2% 1 Jan-10 Jan-15 Jan-20 Month 14
  15. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 15
    AVERAGE BNE CARDIUM ECONOMICS BNE TYPE CURVE 300 Reserves per well (MBOE) 165 250 IP (1 month) (boe/d) 255 200 IP (12 months) (boe/d) 125 BOE/D 150 100 50 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23…
  16. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 16
    DRILLING & COMPLETION INNOVATION Total Drill & Complete Cost Per Well 1 mile horizontal 3,000 2,500 D&C COST MM 2,000 1,500 1,000 500 0 2012 2013 2013 2014 2015 2016 MONOBORE DESIGN CEMENTED COMPLETIONS…
  17. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 17
    CARDIUM LOCATIONS Total Inventory * Booked Locations Area Name Avg WI% Gross Net Gross Net ROSE CREEK 98.3% 211.5 207.9 16.0 14.3 CARNWOOD 90.9% 180.0 163.6 75.0 71.7 KEYSTONE 97.5% 152.0 148.2 105.0 102.3 WEST PEMBINA 96.7% 118.0 114.1…
  18. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 18
    CURRENT RESERVES CURRENT RESERVES PDP TP TPP Oil (Mbbl) 26,276 47,037 59,558 Sales Gas (Mmcf) 57,900 111,172 119,128 Liquids (Mbbl) 2,693 5,118 6,708 Total (MBOE) 38,619 70,684 90,621 Product Mix Oil Gas Liq 6% 26%…
  19. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 19
    RESERVES INTERNAL ESTIMATE FULL DEVELOPMENT - INTERNAL ESTIMATED TOTAL PROVED RESERVES Upside Locations PD* Operated Non-Operated TOTAL Oil (Mbbl) 27,570 61,419 5,560 94,549 Sales Gas (Mmcf) 65,585 261,607 23,684 350,876 Liquids…
  20. June 2016 Corporate Presentation – Bonterra Energy Corp – slide 20
    WHY INVEST IN BONTERRA QUALIFIED AND EXPERIENCED TEAM SUSTAINABLE FOCUS ON PER DIVIDEND SHARE GROWTH LARGE INVENTORY CONCENTRATED ASSET BASE BONTERRA OF HIGH QUALITY DRILL LOCATIONS FOCUS ON GOOD ACCESS TO TECHNOLOGICAL…

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