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2Q 2017 Earnings Update – Frontera Energy Corp.

Frontera Energy Corp. · Aug 1, 2017 · 10 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. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 1
    Investor Presentation Second Quarter 2017 Results
  2. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 2
    Portfolio Optimization Reservoir Study Results During the second quarter of 2017, consistent with the new progressive and disciplined approach, the Company made the strategic decision to slow down production volumes at certain blocks and…
  3. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 3
    Revising Guidance Operational Focus and Discipline Drive Financial Outperformance 2017 Capital Expenditures and Other Forecasts Original New Change Operating EBITDA(1) 250 - 275MM 275 - 300MM 10% Total Capital Expenditure Budget…
  4. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 4
    Fronteras Production Profile Stable Returns Focused Production 2017 Exit Production Revised to 70,000 75,000 boe/d Mboe/d 100 81.5 80 75.1 70-75 72.5 72.4 69.4 60 40 20 0 2Q16 3Q16 4Q16 1Q17 2Q17 2017 Exit Colombia…
  5. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 5
    Operational Highlights Light and Medium Oil Drives Better Price Realization Combined Price and Operating Netback Operating Costs /boe 45.95 46.28 /boe 40.83 41.92 0.53 27.98 25.91 1.12 25.91 37.60 24.54 1.08 0.87 20.53 1.73 14.82…
  6. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 6
    Drilling Productivity and Cost Improvements Drilling Days and Cost Per Foot Decreasing KPIsCUBIRO BLOCK Horizontal DrillingPerformance 400.0 300.0 Cost per Ft (USD) 200.0 KPIsGUATIQUIA BLOCK DrillingPerformance 100.0…
  7. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 7
    Asset Sales (Executed/Closing) Summary Over 250 Million Achieved Year to Date Non-core Asset Sales Of Exploration and Production Blocks Executed To Date1 Exploratory SBLC3 / Block Country Buyer Cash proceeds Commitments2 Collateral…
  8. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 8
    Financial Highlights Costs Decreasing, Cash Flow Generation Increasing Frontera G&A Costs Working Capital /boe millions 6.34 342 5.52 324 280 4.34 4.05 206 3.10 133 2Q16 3Q16 4Q16 1Q17 2Q17 2Q16 3Q16 4Q16 1Q17 2Q17 9
  9. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 9
    Oil Hedge Instruments Summary 2017/2018 Working Cap Per Quarter FWD August 8 64 Floor Ceiling 61.48 60.00 59.60 59 USD/bble 56.32 55.63 55.80 55.91 54.18 54 52.14 52.24 52.31 52.38 52.45 51.92 51.90 52.01 51.56…
  10. 2Q 2017 Earnings Update – Frontera Energy Corp. – slide 10
    INVESTOR RELATIONS CONTACT: Richard Oyelowo Manager, Investor Relations 333 Bay Street, Suite 1100 Toronto ON M5H 2R2 CANADA +1 (416) 362-7735 royelowofronteraenergy.ca irfronteraenergy.ca

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