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September 2017 Corporate Presentation – Bonterra Energy Corp

Bonterra Energy Corp · Sep 7, 2017 · 18 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. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 1
    BONTERRA ENERGY CORP. SEPT 2017 EFFICIENT SUSTAINABLE DISCIPLINED
  2. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 2
    FOCUS ON FUNDAMENTALS SUSTAINABLE YIELD Low Corporate Decline 21% Corporate Decline All-in costs (royalties, operating costs, G&A, and interest Low Cost Producer expense) of less than 20 per boe (US15 per boe) DISCIPLINED…
  3. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 3
    CURRENT SNAPSHOT Common shares 33.3 mm outstanding Insider ownership 12% Current monthly dividend 0.10 per share Current annualized yield(1) 7.4% Oil and liquids weighting 71% Oil & Liquids Reserve life index (2P) 20 years…
  4. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 4
    SUSTAINABILITY Run Rate Production Assumption = 12,800 boepd growing by 2% to 13,000 boepd WTI (USD) /bbl 45.00 50.00 55.00 60.00 65.00 70.00 Differential (USD) /bbl (3.00) (3.00) (3.50) (3.50) (4.00) (4.00) Foreign Exchange USD/CAD…
  5. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 5
    AVERAGE BNE CARDIUM ECONOMICS BNE TYPE CURVE PREDICTABLE AND REPEATABLE 300.00 250.00 Reserves per well (MBOE) 165 200.00 IP (1 month) (boe/d) 255 BOE/D 150.00 IP (12 months) (boe/d) 125 100.00 50.00 - 1 2 3 4 5 6 7 8 9…
  6. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 6
    DIVIDEND HISTORY 160.00 Dividend EDM Light 140.00 0.30 120.00 Edmonton Light (/bbl) 100.00 0.20 Dividend (/month) 80.00 60.00 0.10 40.00 Cumulative Dividends Paid Per Share (1998 2017) : 41.78 20.00 -…
  7. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 7
    COMMITMENT TO COST CONTROL DECLINING ALL-IN COSTS PER BOE 30.00 All-In costs less than 20.00 per boe 27.01 25.24 25.21 25.00 30% reduction in All-In costs from 2012 to 2016 19.00 18.98 20.00 30% reduction in Operating Costs…
  8. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 8
    PRODUCTION FORECAST Vertical Wells Horizontal Wells 2017 Capital Program 16,000 14,000 12,000 10,000 BOE/d 8,000 21% Corporate Decline Rate 6,000 4,000 2,000 0 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17…
  9. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 9
    CARDIUM LOCATIONS SIGNIFICANT CARDIUM INVENTORY Total Inventory * Booked Locations 2017 Program Area Name Avg WI% Gross Net Gross Net Gross Net ROSE CREEK 97.20% 242 235 32 30 4 4 KEYSTONE 94.80% 175 166 94 91 0 0 CARNWOOD 88.80%…
  10. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 10
    CONCENTRATED ASSET BASE CARDIUM LANDS Average working interest 76% Cynthia Bonterra operates 88.5% of its total West Keystone production Pembina Reserve life index (P+P) 20 years Carnwood Blue Rapids Rose Creek Reserves…
  11. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 11
    SHAREHOLDER VALUE Reserves per Share Reserves Profile (boe per share) (Proved plus Probable) (Proved plus Probable) 29% Natural Gas 2.09 2.13 2.28 2.47 2.50 2.78 2.85 71% Oil/NGLs 94,905 90,621 80,248 2010 2011…
  12. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 12
    HIGH QUALITY RESERVE BASE Grand Total Reserves 95 Million boe 10% NPV Total 1.36 billion Probable Probable 22% Proved 23% Developed Proved Producing Developed Proved Producing 43% Undeveloped 54% Proved Undeveloped 23% 35%…
  13. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 13
    LOW-COST RESERVE ADDITIONS IMPROVING CAPITAL EFFICIENCIES FD&A Costs per BOE, Incl. FDC 1P FD&A 2P FD&A 25.00 22.67 Bonterra is getting more efficient at replacing its reserve base 20.00 18.90 42% reduction in 1P FD&A from…
  14. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 14
    DRILLING & COMPLETION INNOVATION Total Drill & Complete Cost Per Well 1 mile horizontal 3,000 2,500 D&C COST MM 2,000 Forecast 1,500 1,000 500 0 2012 2013 2014 2015 2016 2017 Drill Complete MONOBORE DESIGN…
  15. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 15
    CARNWOOD AREA Drilled Potential Drilling locations Sections: 41 gross (37 net); Locations (6 to 8 wells per section): 206 gross (190 net) 15
  16. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 16
    PEMBINA CARDIUM DEVELOPMENT R6W5 CONVENTIONAL VERTICAL DEVELOPMENT Estimated ultimate oil recovery: 196,000 Bbl Recovery factor: 4% HORIZONTAL DEVELOPMENT: PRIMARY DEPLETION Estimated horizontal ultimate oil recovery: 264,000…
  17. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 17
    PEMBINA CARDIUM DEVELOPMENT HORIZONTAL WATERFLOOD PILOT Primary vs. Waterflood Horizontal Production Horizontal Primary Horizontal Waterflood 1000 Start of injection 100 BOPD Based on production and numerical reservoir…
  18. September 2017 Corporate Presentation – Bonterra Energy Corp – slide 18
    CASH FLOW SENSITIVITIES Per Annum Cash Flow Sensitivity Analysis(1) (estimate for 2017) Cash Flow Per Share(2) Change of Canadian 1.00 per barrel of oil and NGLs 2,942,000 0.09 Change of Canadian 0.10 per MCF of natural gas 857,000…

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