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September 2017 Investor Presentation – Delphi Energy Corp.

Delphi Energy Corp. · Sep 25, 2017 · 23 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 Investor Presentation – Delphi Energy Corp. – slide 1
    September 2017 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION
  2. September 2017 Investor Presentation – Delphi Energy Corp. – slide 2
    WHY OWN DELPHI. Pure Play Montney E&P Company with WORLD CLASS ASSETS AND A TRACK RECORD OF SUCCESSFUL RESOURCE DEVELOPMENT AND DELINEATION With a premium land position in the world-class Montney Bigstone region...high and…
  3. September 2017 Investor Presentation – Delphi Energy Corp. – slide 3
    CONTINUED FOCUS ON ECONOMIC GROWTH FOCUS ON CORE ASSETS 2015 2016 2017 and Beyond Divested 62.0 million Improved operating margins with 35 million equity and 30 million term of non-core assets higher condensate yields and…
  4. September 2017 Investor Presentation – Delphi Energy Corp. – slide 4
    CORPORATE SNAPSHOT CORPORATE INFORMATION 2017 Full Year 2016 Full Year Variance Guidance Results Ticker Symbol TSX:DEE Natural Gas (mmcf/d) 32.0 35.0 28.0 18% Basic Shares Outstanding (mm) 185.4 Field Condensate (bbls/d) 2,100…
  5. September 2017 Investor Presentation – Delphi Energy Corp. – slide 5
    BIGSTONE SOUTHERN END OF PROLIFIC LIQUIDS RICH MONTNEY TREND Bigstone economics rank high on the trend Consistent top tier well results IRR Grande Prairie Bigstone Montney Edmonton Calgary Delphi Bigstone Montney…
  6. September 2017 Investor Presentation – Delphi Energy Corp. – slide 6
    SIGNIFICANT INVENTORY ON DOMINANT LAND POSITION WEST EAST Current Montney land position grown from 4.0 to 165.5 gross (109.6 net) sections since 2010 Significant land position allows for efficient operations, control over…
  7. September 2017 Investor Presentation – Delphi Energy Corp. – slide 7
    GROWING THE DOMINANT LAND POSITION Largest Land Position at Bigstone Continue to identify and pursue additional consolidation opportunities Added 22.5 sections (100% W.I.) of Montney Rights growing land base to 165.5 gross (109.6…
  8. September 2017 Investor Presentation – Delphi Energy Corp. – slide 8
    INFRASTRUCTURE LARGELY IN PLACE FOR GROWTH TO 25,000 BOE/D 3 Year PDP FD&A of 11.26 per boe September 2017 10
  9. September 2017 Investor Presentation – Delphi Energy Corp. – slide 9
    SECURE MARKET ACCESS ENHANCES REALIZED PRICING Marketing arrangements in place for planned future growth Secured firm service agreement to access larger Chicago gas market for better pricing; Pricing has been significantly better…
  10. September 2017 Investor Presentation – Delphi Energy Corp. – slide 10
    DELPHI / ALLIANCE FIRM TRANSPORTATION SERVICE 90.0 Delphi Transportation Capacity on Alliance / TCPL (mmcf/d) 80.0 Future TCPL Contract Capacity 70.0 Low cost growth beyond 2018 60.0 2017 Forecast Annual Natural 50.0 Gas…
  11. September 2017 Investor Presentation – Delphi Energy Corp. – slide 11
    PROVEN RISK MANAGEMENT PROGRAM Natural Gas Q3 - Q4/17 2018 2019 Consistent Hedge Performance Percent Hedged* 65% 54% 21% Majority of near term production is Hedge Price (Cdn /mmbtu) 4.20 3.92 3.89 hedged Crude Oil Q3 - Q1/2018…
  12. September 2017 Investor Presentation – Delphi Energy Corp. – slide 12
    ORGANIC GROWTH THROUGH AN ACTIVE DRILLING PROGRAM Development & Delineation WEST EAST 39 wells drilled and on production (100% success) 9 new wells on-stream in 2017 to date Two rigs active 2 new wells recently completed Five new…
  13. September 2017 Investor Presentation – Delphi Energy Corp. – slide 13
    FRAC INNOVATIONS DRIVING PRODUCTION RATES 15-21 Section 21-60-23W5 Montney Production 2nd Gen Frac 2013 0.7 t/hz m 10,000 Gas Rate (mcf/d) and Field Condensate Rate (bbl/d) 1,000 100 16-09 0 20 40 60 80 100 120 140 160…
  14. September 2017 Investor Presentation – Delphi Energy Corp. – slide 14
    RECENT WELL RESULTS YIELD EVEN GREATER MARGIN AND RIVAL AVERAGE CONDENSATE RATIOS OF PEERS Rates and Yields Stabilizing Faster with Frac Comparable Average Field Condensate Innovation Production Rates 1,000 1,000 Delphi…
  15. September 2017 Investor Presentation – Delphi Energy Corp. – slide 15
    DELPHI WELL COST IMPROVEMENTS Montney Capital Efficiencies Delphi Delphi Well Well Costs Costs 12,000 Well costs 33% 600 Drilling & Completions: Average Completion Cost/Stage (000) 10,000 500 Average drilling & completion…
  16. September 2017 Investor Presentation – Delphi Energy Corp. – slide 16
    ACHIEVING 2017 GROWTH TARGETS Montney Production (boe/d) Corporate Growth Comparison 12,000 July corporate production up July Variance to Q4 2016 10,000 37% over Q4/16 (field estimate) Q4 2016 8,000 Natural Gas (mmcf/d) 28 35.0…
  17. September 2017 Investor Presentation – Delphi Energy Corp. – slide 17
    CONSISTENT ECONOMIC RESERVE GROWTH Montney Development (2012 to Aug 2017) Montney Proved Producing Reserves (mboe) 44 wells drilled life-to-date (LTD) 11,626 11,405 Produced 10.1 million boes 9,781 Generated 198 million in field…
  18. September 2017 Investor Presentation – Delphi Energy Corp. – slide 18
    2017 AND BEYOND MAINTAINING KEY VALUES World Class Montney Asset Continued new well innovation resulting in increasing condensate yields and impressive operating margin growth Strong condensate rich well performance yielding top…
  19. September 2017 Investor Presentation – Delphi Energy Corp. – slide 19
    APPENDIX September 2017 21
  20. September 2017 Investor Presentation – Delphi Energy Corp. – slide 20
    INDIVIDUAL MONTNEY WELL DATA Initial Production (IP) Rate Well Performance (1) Well(2) Frac Design Horizontal Number IP30 IP90 IP180 IP365 Generation Length of Fracs Total Sales Field Condy Total Sales Field Condy Total Sales Field…
  21. September 2017 Investor Presentation – Delphi Energy Corp. – slide 21
    MONTNEY ECONOMIC MODEL Bigstone Montney Toe Up Two Section Horizontal Hypothetical Type Wells DEE Type Well 30+ stage Slickwater Completion Economics/Metrics - August 31, 2017 Strip Pricing (1) Type Well Rich Type Well Payout yrs…
  22. September 2017 Investor Presentation – Delphi Energy Corp. – slide 22
    HEDGES PROTECTING CASH FLOW Natural Gas (Cdn) Oct Dec 2017 2018 2019 Volume (mmcf/d) 2.4 % Hedged (1) 7% Hedge Price (Cdn /mcf) 3.96 Strip Price (Cdn /mcf) 2.67 2.44 2.38 Natural Gas (US) Oct Dec 2017 2018 2019 Volume (mmbtu/d)…
  23. September 2017 Investor Presentation – Delphi Energy Corp. – slide 23
    2300, 333 7th Avenue SW Calgary, Alberta T2P 2Z1 P (403) 265-6171 F (403) 265-6207 infodelphienergy.ca www.delphienergy.ca September 2017 25

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