low breakeven price transformation SPIRIT Values smart growth Transaction Impact Update differentiation low cost of supply Canadian Transaction March 29 San Juan Basin Transaction April 13 acceleration April 13, 2017…
Summary of Canadian Transaction Scope & Terms Canada Assets 2016 Actuals Assets Sold Transaction Scope Assets Retained Included FCCL, Deep Basin, Kaybob-Edson & Clearwater Excluded Surmont, Blueberry-Montney Blueberry Surmont 35…
Summary of San Juan Basin Transaction Transaction Terms San Juan Basin Assets 2016 Actuals Consideration (B) Cash 2.7 COLORADO Contingent Payment Over 6 Years San Juan Basin 1.3MM Acres Annual payment based on 7MM per month if the…
Reset the Base; Maintaining Portfolio Strength 2017 Estimated Pro Forma Metrics1 Post Canadian Transaction Post Canadian and San Juan Pre-Transactions (Announced March 29, 2017) Basin Transactions 2017 NAR Production 1,540 1,570…
Transactions Reduce Average Portfolio Cost of Supply to 35/BBL Impact of Transactions on Resource 14 BBOE with Cost of…
Delivering on the Strategy: Transformational Transactions 16B of anticipated proceeds in 20171 Enables achievement of three-year plan in less than one year Minimal impact to cash from operating activities Provides catalyst for…
low breakeven price transformation SPIRIT Values smart growth Appendix differentiation low cost of supply acceleration superior returns flexibility