Corporate Highlights Common Shares 17,280 boe/d(6) TSX Ticker Symbol CONA 98% Oil Outstanding Shares(1) 101.0 million 100% Saskatchewan 70% Waterflood/ Public Float 29.5 million shares / 29% Polymer Flood Management & Directors 3.8…
Corporate Focus Large oil resource Industry leading low corporate decline rates equates to low sustaining capital Success in enhanced oil recovery (EOR) techniques Generate free cash flow(1) to provide flexibility Strengthen…
Concentrated Asset Base Large, low decline oil resource AB SK 1.9 billion bbl DOIIP(1) only 12% recovered Best-in-class decline rate of 12% Base Declines by Production Vintage(2) 2011 2012 2013 2014 2015 2016 2017 On stream…
Free Cash Flow Generation Guidance for 2017 is focused on creating free cash flow(1) Sensitivities(2) Guidance Sensitivities(2) WTI Scenario 40 45 50 55 60 Average Annual WTI (US/bbl) 46.26 47.92 49.60 51.26 52.92 WCS Differential…
Corporate Debt Structure Bank Credit Facility Pro Forma Senior 285 million (undrawn at June 30) millions June 30, 2017 Notes Redemption Compliant with all covenants: Bank Credit Facility (draw) - 197(1) Bank Debt Covenants Cona Jun 30,…
Cactus Lake EOR Cash Flow Engine Highlights Est. 2017 production 8,700 boe/d DOIIP(1) 469 mmbbl 2P Reserves(1) 65 million boe Recovered to date(1) 12% Est. ultimate recovery(2) 36% Wells drilled since 2010(3) 452 Drilling…
Cactus Lake Decline Reversal Production by Vintage Pre 2011 2011 2012 2013 2014 2015 2016 9,000 8,000 Successful EOR at Cactus Base Declines by Production Vintage Lake has caused declines in 7,000 old production vintages to 2011…
Cactus Lake Consistent Performance Production Growing While Operating Costs Fall Production (boe/d) Operating Costs (/boe) DOIIP & Reserves Increasing(1) 10,000 20 500 100 9,000 18 DOIIP 2P Reserves Operating Costs (/boe)…
Cactus Lake Repeatable, Low Risk Infill Drilling 40 Acre Waterflood 10 Acre Waterflood 1:1 Prod/Inj Ratio 3:1 Prod/Inj Ratio 1:1 Prod/Inj Ratio Wells Drilled versus Inventory (Gross) 307 low risk locations(1) identified to…
Cactus Lake Robust Economics Polymer 10-Acre Infill - Results vs. Type Curve 40 Type Curve (gross) 2014-2017 (142 wells) 2011-2013 (244 wells) Single well economics at 35 Cactus Lake are robust due to 30 flat decline profiles and…
Winter Low Risk Conventional Drilling Highlights Est. 2017 production 3,100 boe/d DOIIP(1) (gross) 599 million bbl 2P Reserves(1) 19 million boe Recovered to date(1) 8% Est. ultimate recovery(2) 12% Hz wells drilled since 2010(3)…
Winter Repeatable Horizontal Infill Drilling Consistent performance Wells Drilled versus Inventory 222(1) horizontal wells drilled on 25 meter spacing 500 since 2010 Unbooked Booked Actual Large, repeatable inventory 400 466(2)…
Winter Strong Economics; Long Lateral Upside Winter HZ Infill Wells - Type Curves 300% IRR 100 (Midcycle, BTax) 278% 275% 90 Long Lateral (600m) Long (600m) Horizontals 250% Short Lateral (400m) 209% 80 225% Short (400m)…
Plover Lake SAGD Large oil in place Huge upside potential Technology-driven recovery Significant advantages from existing Long life assets infrastructure AB SK T36 DOIIP(1) 143 mmbbl Plover Lake SAGD T35 R28 R27 R26…
Plover Lake SAGD Value to be Unlocked Plover Lake SAGD Total Rates 3,000 9,000 Under-injection of steam led to wellbore 2,500 damage and suboptimal production Steam, Total Fluid, bbl/d Oil Rate, bbl/d 2,000 6,000 1,500…
Why Invest in Cona High quality, concentrated asset base Low corporate decline rates Development economics with high rates of return Ideally suited for EOR; success shown in Cactus Lakes decline reversal Winters significant,…
Contact Information Head Office: TD Canada Trust Tower 1900, 421 7 Avenue SW Calgary, AB T2P 4K9 www.conaresources.com Investor Relations: (403) 930-3000 Michael Makinson Vice President, Finance and Chief Financial Officer…
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