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December 2017 Corporate Presentation – Nuvista Energy Ltd.

Nuvista Energy Ltd. · Dec 27, 2017 · 34 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. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 1
    Corporate Presentation December 2017
  2. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 2
    NuVista Snapshot NuVista Corporate Info TSX Trading Symbol: NVA Market Capitalization: 1.5 billion Basic Shares Outstanding(2): 173.6 million Credit Facility Capacity(1): 310 million Percent Drawn(2): 48% Grande Prairie Net…
  3. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 3
    Why Buy NuVista Trusted Repeatable Value Growth Pure-Play Montney Company In The Right Neighborhood Balance Sheet Strength - Funded Growth Plan with Great Economics Clear Line-of-Sight to 60,000 Boe/d Inventory Underpinned by…
  4. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 4
    Challenges with Canadian Energy NVA Has Managed the Risk Challenge NuVista Solution Can't get the oil out Alberta is the condensate market Not enough gas egress We have firm egress for 100% of our 60,000 Boe/d Plan AECO Volatility…
  5. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 5
    Montney In The Right Neighborhood Condensate-Rich Montney Industry Growth Continues Elmworth to Kakwa Montney HZ Activity Update* High level of industry activity continues 900 Montney HZ wells licensed and/or drilled T70 to date…
  6. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 6
    Funded Growth Plan Strong Growth with Managed Net Debt to Funds from Operations Capital Expenditure Guidance Range (MM) Production Guidance Range (MBoe/d) 400 40.0 40 300 310 300 31.0 273 30 24.6 22.4 35.0 200 189 280 270 20…
  7. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 7
    2018 Guidance Strong Year-over-Year Growth and Capital Flexibility 2018 Capex Range (MM) 2018 Production Adds Activity 2019 Growth Activity Long Term Investment, Maintenance and Other 85 Flexibility to adjust Flexibility to…
  8. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 8
    Line-of-Sight to 60,000+ Boe/d Four Development Blocks Established Piestone Pipestone Emerging Dev Block Gold Creek On Production Four layer development potential in the Hi-Fi Type-Curve 6.0 Bcf, 60 Bbls/MMcf Montney condensate…
  9. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 9
    NuVista Montney Portfolio Increasing Rate-of-Change in Value Bilbo Valued on Production Elmworth Gold Creek Pipestone Valued on West Bilbo Potential Lower Montney Establishing Type-Curve Improving Type-Curve…
  10. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 10
    Inventory Underpinned by Established Development Blocks Elmworth Gold Creek Pipestone Bilbo Middle Montney 'D' Tested Not Tested 3 Producers 21 Producers Offsetting Middle Montney 'C' Production Not Tested 6 Producers 8…
  11. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 11
    Bilbo Development Block Free-Cashflow Positive 48 Wells on Production (IP30) South Montney Sales Production Cumulative-to-Date 18 Bbls/MMcf Sales Gas NGL's C5+ Six-well pad 16 C5+ On Production 54 Butane 14 Propane 12…
  12. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 12
    Bilbo Development Block Performance Update: Getting More for Less Bilbo IP90 Production Total and for Sales IP90 DCET Capital Cost Bilbo Condensate (Bbl/d) Total Sales (Boe/d) 10-well Total Sales Mov. Avg. 10-well Capital Cost…
  13. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 13
    Bilbo Development Block Results To-Date and Type Well Economics Type Curve Comparison Plot Hi-Fi Type Curve Economic Sensitivities Original Historical Average Hi-Fi 10 Payout (Years) WTI Rate (MMcf/d) 55/Bbl 60/Bbl 65/Bbl…
  14. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 14
    Elmworth Development Block Significant New Results Hi-Fi Coming Through 27 Wells on Production (IP30) North Montney Sales Production 16 R9W6 R8W6 Cumulative-to-Date Sales Gas NGL's C5+ T69 Bbls/MMcf 3 New IP30's in 14 C5+ 9 Q3…
  15. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 15
    Elmworth Development Block At a Tipping Point: Encouraging Recent Well Results Elmworth IP30Sales Total Production andElmworth IP30 for DCET Capital Cost Condensate (Bbl/d) Total Sales (Boe/d) 10-well Total Sales Mov. Avg. 10-well…
  16. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 16
    Elmworth Development Block Results To-Date and Type Well Economics Type Curve Comparison Plot Hi-Fi Type Curve Economic Sensitivities Original Historical Average Hi-Fi Payout (Years) 10 WTI 55/Bbl 60/Bbl 65/Bbl Rate (MMcf/d)…
  17. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 17
    Gold Creek Development Block Initial Type-Curve Established 2016/17 Early Development Activity and Infrastructure Gold Creek Highlights Gold Creek Geology Up to 3 developable layers Gamma Porosity % Condensate yield expected to…
  18. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 18
    Gold Creek Development Block Results To-Date and Type Well Economics Type Curve Comparison Plot Hi-Fi Type Curve Economic Sensitivities Historical Average ERH ERH + HiFi Payout (Years) 10 WTI 55/Bbl 60/Bbl 65/Bbl Rate (MMcf/d)…
  19. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 19
    Pipestone Development Block Facilities in Planning Phase for 2019-20 Development Pipestone Activity Pipestone Highlights Pipestone Geology ECA Pipestone 'Super- Up to 4 developable layers Gamma Porosity Condensate' 20 0 Acreage to…
  20. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 20
    Pipestone Development Block Robust Initial Type-Curve Economics Offsetting Well Production vs. NVA Type Well(1) Pipestone Dev. Type Curve Inputs and Economics Half-Cycle Inputs Base Type Curve Offsetting wells restricted DCET…
  21. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 21
    Proven Track Record of Execution Improving Efficiency and Well Costs Montney Well Cost (DCET) By Year Average Annual Montney Drilling Curves 14 2013 2014 2015 2016 2017 0 12 1,000 10 2,000 Depth (m) 8 (MM) 6 3,000 4…
  22. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 22
    Wellhead-to-Market Egress Plan In-Place Firm Egress Counts: Long-Term Growth Secured Grande Prairie SemCAMS Wapiti Sour Gas Plant Status: Under Construction 2019 Startup Raw Gas Capacity: 200 MMcf/d NuVista North Compressor…
  23. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 23
    Market Egress Plan In-Place Wapiti Montney Processing CapacityMaterial Running Room 60,000+ Boe/d Montney Processing Capacity Secured 300 60,000 250 Montney Raw Gas Capacity (MMcf/d) 50,000 Montney Capacity (Boe/d)…
  24. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 24
    Market Egress Plan In-Place Natural Gas Price Diversification NuVista has contracted for firm transportation on export pipelines to diversify pricing exposure We continue to evaluate future opportunities for diversification…
  25. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 25
    Commodity Price Risk Management Continuing Rolling Hedging Program Crude Oil Hedge Position 8,000 70.00 7,000 67.50 6,000 65.00 Hedged Volume, Bbl/d Price, C/Bbl 5,000 62.50 Floor C WTI price of 4,000 60.00 68.58/Bbl on 66%…
  26. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 26
    Natural Gas Sales Points Q3 2017 Diversification Counts Grande Prairie AECO 2.04 2.58 Market Price 2.73 2.72 Market Netback Dawn 3.64 Malin Chicago 3.41 3.58 Henry Hub 3.79 * All prices in C/mcf * Market Netback…
  27. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 27
    NuVista Operating Results 2017 Guidance On Track Corporate Production (Boe/d) Actual Production Guidance Wapiti Montney Other Properties (Boe/d) (Boe/d) 35,000 29,405 Q1 '17 26,730 26,000 29,000 30,000 26,731 25,454 24,898…
  28. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 28
    NuVista Looking Forward Flexibility and Strength Growth in a Volatile Environment Pure-Play Montney Company In The Right Neighborhood Balance Sheet Strength Funded Growth Plan with Great Economics Clear Line-of-Sight to 60,000…
  29. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 29
    APPENDIX December 2017 32
  30. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 30
    Montney In The Right Neighborhood The Alberta Condensate-Rich Montney: A World Class Play 1. Scalable/Repeatable Deposition on the shelf edge not isolated pockets Gas charged top to bottom Over-pressured low water saturation 2.…
  31. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 31
    Proven Track Record of Execution 2016 Year-end Reserves Report 2016 Year-end Reserve Highlights Montney now comprises 99% of NuVista's reserves PDP F&D at 5-year low (10.80/Boe) driven by positive technical revisions and continued…
  32. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 32
    Proven Track Record of Execution 2016 Year-end Reserves Report Montney 'C' Reserves Montney 'B' Reserves NuVista F&D Costs (/Boe) 30 PDP F&D TP+PA F&D 25 20 15 10 5 0 2013 2014 2015 2016 Gross Montney Well and…
  33. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 33
    Condensate Pricing Strong Demand and Premium Price for the Long-Term Western Canadian Condensate Pricing Condensate is used in Alberta as a diluent to ship heavy oil on pipelines Condensate in Alberta is typically priced at a…
  34. December 2017 Corporate Presentation – Nuvista Energy Ltd. – slide 34
    Lower Montney Activity NuVista Data Collection In Progress R9W6 R7W6 R5W6 R3W6 Pipestone SCL 15-1-69-6W6 Tested: 1.9 MMcf/d and 174 bpd C5+ Multiple pilot wells in progress by industry Early T70 NVA 15-13-68-7W6 Vertical…

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