Obsidian Energy Corporate Presentation January 2018
Obsidian Energy Corporate Profile Corporate Metrics Peace Share Price /share 1.56 River Dec. 31st, 2017 4,823 boe/d OBE-TSX Daily Volume MM 0.9 Net Sections: 235 % of shares outstanding 0.2% OBE -NYSE Daily Volume MM 1.0 % of…
A Balanced Portfolio with Significant Optionality Cardium Meaningful Free Cash Flow Generation Waterflood Approach with Primary Optionality LOW DECLINE BASE PRODUCTION & Peace River STABLE CASH FLOW Manufactured Cold Flow, High Rate…
On Track to Meet all 2017 Guidance Metrics Q4 A&D Adj. FY 2017 Total Operating Production Production Expenditures Expenses boe/d boe/d MM /boe Reiterating On Track For 34,000 180 14.00 Double Digit 32,000 High End of Total Capital…
Low Decline Rate Underpins Growth 16% Corporate Base Production Decline Rate Cardium Asset Under Historical Waterflood Capital Efficiencies of 6,500/boe/d on 2017 Optimization Projects Optimization of existing base wellbores…
Waterflood Performance is Impressive Pembina Waterflood Activity OBE Operated Cardium unit OBE Cardium land Cardium Decline Rate lowered from Drilled 8 new Waterflood activity since Q3 2016 Actively managed inj. injectors in 2017…
R10W5 R5 Early Cardium Rates Above T50 Type Curve WILLESDEN GREEN PCU 9 Program is PEMBINA 11-03-43-8W5 Pad 100 boe/d above type R8W5 curve T43 Crimson (Willesden PCU9 6-35-48-9W5 Pad R10W5 5 kms Green) wells on…
R10 R5 R1W4 AB Viking 100/14-06-33-2W4 On Production: 9/15/2017 IP30: 118 boe/d 102/02-18-32-1W4 On Production: 9/5/2017 IP30: 218 boe/d Program Percent Liquids: 39% Percent Liquids: 57% Continues to 102/01-30-32-2W4…
R20W5 R15 PROP Program 100/15-34-83-18W5 On Production: 10/9/2017 IP25: 47 bopd 104/16-36-82-18W5 On Production: 10/14/2017 IP22: 236 bopd Drill Cost: 74/m Drill Cost: 79/m Returned to 103/14-34-83-18W5 On Production:…
100/02-03-044-09W5 R8W5 MNVL Deep Basin On Production: 10/26/2017 Initial Rate: 3.9 MMCFD, 33 bbl/mmcf free condensate 30 bbl/mmcf other liquids Results are Currently choked for liquids 100/14-30-043-07W5 MNVL Liquids Rich On…
Strong Hedge Position Protects Capital Program Clear downside protection through our hedge book with 65% of Net Liquids Volumes Hedged for FY 2018 Oil Volumes Hedged (bbl/d) Gas Volumes Hedged (Mcf/d) 65% of Net Liquids Volumes Hedged…
Focused 2018 Plan Predictable & Liquids Weighted Growth Profile Development Capital is 64% of Total Expenditures Flexibility to expand capital program in H2 and extend growth rate 2018 Production (boe/d) Capital Spend (MM) 2018…
Vast Portfolio Optionality on Display Employing a quicker payout program that balances primary drilling with targeted low capital integrated waterflood opportunities 2018 Development Allocations (MM) 2018 Operated Spuds 22 Operated…
Short Cycle Focused PCU9 2018 Development 4 Well Pad with 3 Injection Conversions Cardium Program Drilling 4 well pad and OBE operated Cardium unit R10 R10 R9W5 OBE Cardium land converting 3 injectors. Water injector Also utilizing…
2018 Capital Efficiency Buildup Program leverages the short cycle opportunity set in our portfolio Development Capital efficiencies…
2018 Guidance FY 2018 Units Guidance Production Average Production boe/d 31,000 32,000 Growth 2018 Production Growth % 5% Capital Expenditures Capital Expenditures MM 125 Decommissioning Expenditures MM 10 Expenses…
Appendix ObsidianEnergy.com TSX/NYSE: OBE
End Notes All slides should be read in conjunction with Definitions and Industry Terms, Non-GAAP Measure Advisory and Forward-Looking Advisory Slide 3. Obsidian Corporate Profile Daily Volume (shares) is the 30 day average share volume…
Non-GAAP Measures Advisory Non-GAAP measures advisory In this presentation, we refer to certain financial measures that are not determined in accordance with IFRS. These measures as presented do not have any standardized meaning…
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