CORPORATE PRESENTATION JUNE 2016 All amounts in Canadian dollars unless indicated otherwise
NuVista Snapshot NuVista Corporate Info (June 30, 2016E) TSX trading symbol: NVA Market capitalization: 1.0 billion Basic shares outstanding: 156.6 million Bank revolver capacity: 200 million Percent Drawn: 45% Net Debt:Cashflow1:…
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 850 Montney HZ wells licensed and/or drilled to date…
2016 Capital Guidance Ability to Adapt to Commodity Price Environment 2015A FY Capex 2016FY Capex March Forecast 2016FY Capex June Forecast (MM) (MM) (MM) DCET & Well Optimization Facilities & Water Mgmt Maintenance Other 6 8 6 11…
Funded Growth Plan at Strip and Upside Pricing Capital Expenditures (MM) Production (MBoe/d) 300 Upside Case Strip Case 35 273 Upside Case Strip Case 30 29.0 3.0 24.5 25 22.4 1.0 200 175(2) 180 273 20 10 26.0 40 23.5 22.4 15…
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 400 700 2013 Type Curve (4.4 Bcf; 35 Bbls/MMcf) 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…
Montney Operations Activity Update R8W6 R7W6 R6W6 Activity Highlights T70 4 New IP30's in Q1 4 Additional IP30's in Q2 Elmworth 16 Wells Producing in the Development Block (IP30) Increasing to 2 Rigs in Q3 4 Elmworth Extension wells…
Elmworth Development Block Volume Ramp in-progress 1 New IP30 North Montney Sales Production R9W6 R8W6 2 Additional Wells Recently On-Stream T69 1 Rig Drilling 9 Cumulative-to-Date Bbls/MMcf Sales Gas NGL's C5+ 8 Condensate 11 7…
Bilbo Development Block Focus on Efficient Production Additions in 2016 2 New IP30's South Montney Sales Production 2 Wells Recently On-Stream Cumulative-to-Date 1 Well Completed 16 Bbls/MMcf Sales Gas NGL's C5+ T66 14 Condensate…
A Closer Look at the NuVista 'Boe' Condensate Underpins Economics and Provides Torque to Oil Price Recovery NuVista Production Mix(1) NuVista 2016 Revenue Composition(2) 100% 2% 25,000 90% 80% 20,000 49% 70% 8% Nat Gas 60%…
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…
Commodity Price Risk Management We are well hedged with under 10% AECO exposure for 2016 Crude Oil Hedge Position 3,500 100.00 3,000 80.00 2,500 Hedged Volume, Bbl/d Floor C WTI price of Price, C/Bbl 2,000 60.00 77.17/Bbl…
NuVista Operating Results 2016 Guidance Corporate Production (Boe/d) 2016 Actual Guidance Wapiti Montney Other Properties Production (Boe/d) (Boe/d) 30,000 25,484 Q1 25,484 24,500 - 25,000 25,000 23,165 23,215 23,355 21,448 21,622…
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…
Gold Creek Delineation Continued Encouragement 13-25 Shut-in pending tie-in IP30 Raw Gas C5+ Total Sales C5+ Yield Well (MMcf/d) (Bbls/d) (Boe/d) (Bbl/MMcf) 8-12 New IP30 16-19 6.8 377 1,307 56 13-25 1.8 263 543 146 16-1…
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…
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…
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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