Corporate Highlights Common Shares TSX: NBZ Reserves Public Float 29.6 million shares / 25% DOIIP (net)(3) 2.1 billion bbl Management(1) 5.4 million shares / 4% 2P Reserves(3) 153 million boe NGP / Riverstone 84.5 million shares /…
World-Class Oil Resource Base AB SK Significant high-quality oil resource Approximately 2.1 billion bbl DOIIP(1) with 12% recovered Large inventory ( 2,000) of low risk drilling locations with good capital efficiencies Assets are…
Oil Production Decline Net Base Production 23,000 22,000 21,000 20,000 19,000 bbl/d 18,000 17,000 16,000 15,000 Oil (bbl/d) 15% Decline 17% Decline Outlooked Oil (bbl/d) 14,000 All wells drilled in 2015 and 2016 are…
Credit Capacity & Liquidity Bank Credit Facility Hedge program supports predictable cash flows(3) 300.0 million borrowing base 2016 4.2 mmbbl C79.50/bbl WTI & NBRI is in compliance with financial covenants: C18.99/bbl WCS differential…
Operating & Capital Cost Improvements 25.00 Operating cost improvements 20.00 Operating costs of 16.40/boe (Q2 Operating Costs (/boe) 2016) are 22% lower than 2014 15.00 2016 operating costs expected to be 10.00 44 million…
2016 Guidance & Sensitivities Guidance(1) Sensitivities(5) WTI (US/bbl) 44.86 35.00 55.00 WCS differential (US/bbl) (13.87) (14.00) (15.50) CAD/USD 1.310 1.400 1.280 Average production (boe/d) 19,000 19,000 19,000 Capital expenditures…
Focus Assets Cactus Lake, Winter & Coleville DOIIP of 409 mmbbl(2) 13% recovered to date Drilling inventory of 301 locations(2) Cactus Lake 245 booked 2P(1), 56 unbooked EUR of 100 mboe per well(2) Upside from infill drilling,…
ROR Comparison for Coleville/Winter/Cactus Lake 140 Cactus Polymer Flood with Facilities Coleville Viking (crown royalties) Winter South with Facilities 120 100 Before Tax Rate of Return (%) 80 60 40 20…
NPV Comparison for Viking/Winter/Cactus Lake 1,400 Cactus Polymer Flood with Facilities Coleville Viking (crown royalties) Winter South with Facilities 1,200 1,000 Before Tax NPV 10% Discount (000) 800 600…
Cactus Lake Corporate Presentation September 2016 12
Cactus Lake Overview Highlights DOIIP(1) 409 mmbbl bbl Recovered to date(1) 13% 2P Reserves(2) 52 million boe Est. 2016 production 8,200 boe/d Wells drilled since 2010 390(3, 4) 301 locations Drilling inventory(4) (19% unbooked)…
Cactus Lake Repeatable Development 341 of 390 wells drilled targeting Basal Mannville Bakken wells pool Basal Manville Bakken Infill Performance 40 Waterflood Type Curve 35 Polymer flood Type Curve 30 CD Oil Rate (bbl/d) 25…
Cactus Lake Opportunity Base 341 Basal Mannville Bakken production wells drilled to date 301 remaining Basal Mannville Bakken inventory locations identified(1) Average DOIIP in remaining sections expected to be in line with developed…
Cactus Lake Polymer Update Largest North American vertical polymer flood by injection volumes Currently injecting 50,000 bbl/d polymerized solution; cumulative injection to date is 39MMbbl Macro production response materialized Stable…
Progress of Recovery Optimization Infill drilling and polymer flood implementation will double the recoverable reserves from this pool. Corporate Presentation September 2016 17
Cactus Lake Consistent Demonstrated Growth Cactus Lake Area - Oil Production 9,000 8,000 7,000 6,000 5,000 (bbl/d) 4,000 3,000 2015 2,000 2014 2013 2012 1,000 2011 Sparky 0 Base Jan-00 Jul-00 Jan-01…
Cactus Lake Reduced Operating Costs, Strong NOI(1) 2016 Highlights: Average Daily Production and Operating Costs Production growth delivered in 2016 10,000 25.00 within a limited capital program 8,000 20.00 Polymer flood continuing to…
Winter Corporate Presentation September 2016 20
Winter Overview Highlights DOIIP +600 mmbbl bbl(1) Recovered to date < 8% gross estimate 2P Reserves(2) 22 million boe Est. 2016 production 2,850 boe/d Wells drilled since 2010 203 gross(3) +430 gross locations(1) NBRI Drilling…
Winter Value Creation Repeatable Horizontal Drilling Consistent performance 193 (gross) horizontal wells drilled for production on 25 meter spacing since 2010 (Aug 31, 2016) Superior economics Winter development provides better…
Winter Reduced Operating Costs, Strong NOI(1) 2016 Highlights: Average Daily Production and Operating Costs Further reductions in capital costs 4,000 25.00 continue to improve economics 3,000 20.00 Per well development costs…
Coleville Corporate Presentation September 2016 24
Coleville Viking 10,000 Acres in Proven Fairway Whiteside Smiley Raging River Whitecap Smiley and Whiteside are Novus expected to provide average Teine Ish peak production rates of up Crescent Point to 80 boe/d per well Penn…
Coleville Development Opportunity 2016 Highlights: One of the largest tight oil plays in Smiley western Canada Drilled 50 wells from 2014 to Aug 31, 2016 Opportunity to develop +300 locations 112 low risk drilling locations…
SAGD Plover North SAGD Plant Corporate Presentation September 2016 27
SAGD Development Repeatable Opportunities Large oil in place Huge upside potential Technology-driven recovery Significant advantages from existing Long life assets infrastructure T36 DOIIP(1) 244 mmbbl 131/11-22-35-26W3M…
Steam Injection Has Been Ramped Up Plover SAGD Oil Production and Steam Injection 2,000 1,000 Steam Rate, m3/d CWE Oil Production, bbl/d 1,500 750 1,000 500 500 250 0 0 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15…
Corporate Information AUDITOR KPMG LLP ENGINEERING CONSULTANTS Ryder Scott Company - Canada INVESTOR CONTACTS John Rooney, Chairman & CEO Michael Makinson, VP Finance & CFO 1900, 421 7 Avenue SW, Calgary, AB T2P 4K9 (403)…
Loading...
