GORDONDALE ACQUISITION HIGHLIGHTS (Full Corporate Presentation to be Released with Q2 2016 Results on August 10, 2016) July 28, 2016
PEOPLE, FOCUS & EXECUTION 2
GORDONDALE ACQUISITION OVERVIEW 2016 Guidance & Pro-Forma Details BIR Acquisition Pro-Forma Change 2016 Average Production Guidance (boe/d)(1) 40,000 41,000 26,000(1) 49,000 51,000 25% % oil and NGLs 11% 41% 17% 53% 2016 Net…
GORDONDALE ACQUISITION Acquired Montney Land 4
GORDONDALE ACQUISITION HIGHLIGHTS Consolidates a Sizeable and Contiguous Land Base within Birchcliffs Existing Gordondale/Pouce Coupe Area on the Montney/Doig Natural Gas Resource Play The Assets include a contiguous land position of…
GORDONDALE ACQUISITION HIGHLIGHTS Increases Oil & NGLs Weighting Birchcliffs commodity mix will change from approximately 88% natural gas, 8% light oil and 4% NGL for the three month period ending March 31, 2016 to an estimated…
GORDONDALE ACQUISITION HIGHLIGHTS High Quality Development Opportunities There are 993 Gross (929.0 Net) potential future drilling locations on the Assets The Assets have significant opportunities that have not been fully developed…
GORDONDALE BASE PRODUCTION HISTORY Last well drilled in 2014 (on-stream 2015) 40,000 with peak production of 35,000 boe/d 2015 2014 2013 2012 35,000 2011 2010 2009 2008 and Earlier 30,000 AltaGas Deep Cut Plant on stream…
PRO-FORMA RESERVES 900,000 2P 800,000 TP 764 MMboe 700,000 PDP The Acquisition increases Birchcliffs reserves estimated by Deloitte at 600,000 Reserves (Mboe)(2) December 31, 2015: PDP reserve volumes by +53%, 500,000 TP…
GORDONDALE ENGINEERED COMPLETIONS Gordondale Asset Provides Multilayer Development with Down Spacing Opportunities Lower Montney (D1) Infill & Halo Drilling Middle Montney (D2) Delineation Engineered Completions Unlock Value Liner…
GORDONDALE KEY INFRASTRUCTURE Existing infrastructure has already Key Natural Gas Processing Infrastructure supported peak production of 35,000 AltaGas Gordondale Sour Deep Cut Gas Plant CNRL Progress Sour Shallow Cut Gas Plant…
FORWARD LOOKING INFORMATION: This presentation contains forward-looking statements and forward-looking information (collectively forward-looking information) within the meaning of applicable securities laws relating to the Corporations…
Reserves for Portions of Properties The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties due to the effects…