Obsidian Energy Peters & Co. Annual Energy Conference January 2018
Obsidian Energy Corporate Profile Corporate Metrics Peace Share Price /share 1.56 River Dec. 31st, 2017 4,823 boe/d (1) OBE-TSX Daily Volume MM 0.9 Net Sections: 235 % of shares outstanding 0.2% OBE -NYSE Daily Volume MM 1.0 %…
Operations Update Demonstrates Continued Operational Delivery The plan we outlined at the beginning of the year has played out nicely Portfolio showed its ability to deliver FY 2017 De-risked and helped shape 2018 Production program…
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…
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 2018 Cardium Development Allocations (MM) Cardium Program R10 T48 Taking advantage of existing injectors in Pembina for low cost integrated waterflood Primary drilling in Willesden Green accessing clean…
R20W5 R15 104/16-36-82-18W5 PROP Program 100/15-34-83-18W5 On Production: 10/9/2017 December: 121 bopd On Production: 10/14/2017 IP30: 262 bopd or December: 269 bopd Returned to Drill Cost: 74/m Drill Cost: 79/m…
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…
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…
2018 Capital Efficiency Buildup Program leverages the short cycle opportunity set in our portfolio Development Capital efficiencies…
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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