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January 2018 Corporate Presentation – Delphi Energy Corp.

Delphi Energy Corp. · Jan 18, 2018 · 22 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. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 1
    January 2018 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION
  2. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 2
    WHY OWN DELPHI. Pure play MONTNEY E&P company with WORLD CLASS ASSETS: Robust well economics driven by: High condensate rates/stable condensate ratios Attractive capital costs and efficiencies Increasing netbacks and margins Owned…
  3. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 3
    BIGSTONE SOUTHERN END OF PROLIFIC LIQUIDS RICH MONTNEY TREND CORPORATE INFORMATION Ticker Symbol TSX:DEE Basic Shares Outstanding (mm) 185.5 Market Capitalization (mm)(1) 200.4 Grande Prairie Net Bank Debt (2) / Credit Facility…
  4. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 4
    2017 OPERATIONAL HIGHLIGHTS Delineation success Q4/17E Q4/16 Variance Achieved significant production and Corp Production (boe/d) 9,200 7,127 +29% cash flow growth Field Condensate (bbl/d) 2,220 1,330 +67% Field condensate growth…
  5. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 5
    GROWING THE DOMINANT LAND POSITION Largest Land Position at Bigstone Continue to identify and pursue additional consolidation opportunities Added 23.5 sections (100% W.I.) of Montney Rights growing land base to 168.5 gross (111.1…
  6. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 6
    INFRASTRUCTURE LARGELY IN PLACE Alliance/TCPL Pembina SemCams KA/K3 Alliance/TCPL Pembina To TCPL DEE Water Disposal 6,000 bpd capacity Alliance/TCPL Pembina SemCams K3 REPSOL Edson Alliance/TCPL January 2018 6
  7. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 7
    DELINEATING THE LARGE LAND POSITION 14 new wells on-stream in 2017 1 new well recently completed Development & Delineation 2 new wells waiting on completion 100% drilling success on 46 DEE wells 17 well drilling program in 2017…
  8. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 8
    RECENT WELL RESULTS YIELD EVEN GREATER MARGINS Condensate Gas Ratios Improving with Frac Design Changes Initial Production (IP) Rate Well Performance (1) Frac Design Generation IP30 IP90 IP180 IP365 Total Sales Field CGR Total…
  9. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 9
    INCREASING NETBACKS Corporate netbacks increase with addition of higher condensate yield wells Impact of Production Composition on Operating Netback for Bigstone Montney(1) % Change 16-12/13-7 versus Gen 1 Revenue 48% Royalty…
  10. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 10
    NEW 5TH GENERATION FRAC DESIGN IMPROVING PERFORMANCE Direct offset comparison of 5th to 3rd Generation Frac 10,000 Gas (mcf/d) & Field Condensate (bbl/d) IP30: Gas and Plant NGL -373 boe/d Field Condensate -76 boe/d 1,000…
  11. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 11
    IMPROVED PARENT / CHILD WELL MANAGEMENT Delphi 13-9-60-23W5 Montney 10,000 Well Offset Frac Intervention Initial production performance of 13-9 (and other pad wells) was below 1,000 expectations It was further impacted by an…
  12. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 12
    WESTERN-MOST WELLS: HIGHEST CONDENSATE YIELD TO DATE Delphi 16-12-60-24W5 Montney 10,000 Delphi 13-7-60-23W5 Montney 10,000 1,000 1,000 100 100 Highest initial condensate yield Shallower initial decline Field Condensate…
  13. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 13
    SECURE MARKET ACCESS FOR GROWTH Delphi/Alliance Contracted Transportation Full Path Service to Chicago Service (mmcf/d) Alliance 57 mmcf/d of firm and priority interruptible service Access to premium pricing via Chicago City…
  14. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 14
    GAS MARKETING IN 2018 100% SHELTERED FROM AECO CARNAGE Over 90% of natural gas sold in Chicago generating significantly higher netback pricing than AECO. Approximately 63% of Chicago sales volumes are hedged with NYMEX swaps at an…
  15. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 15
    CONTRACTED ALLIANCE SERVICE IS A VALUABLE ASSET Delphis Alliance service worth 40 million The undiscounted value of the arbitrage between AECO and Chicago netback prices available through Delphis Alliance service is approximately 40…
  16. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 16
    ENTERING 2018 WITH OPERATIONAL MOMENTUM Expect 2018 budget to be released in mid-February 2018 Planning Scenarios Production data from 2017 delineation drilling important input for 2018 planning and forecasting 2018 Annual…
  17. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 17
    2018 AND BEYOND MAINTAINING KEY VALUES World Class Montney Asset Delineation drilling in 2017 has validated Delphis Bigstone Montneys significant value potential Superior condensate rich well performance yielding top decile capital…
  18. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 18
    APPENDIX January 2018 20
  19. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 19
    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…
  20. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 20
    MONTNEY ECONOMIC MODEL Bigstone Montney Toe Up Two Section Horizontal Hypothetical Type Wells DEE Type Well 30+ stage Slickwater Completion Economics/Metrics - January 12, 2018 Strip Pricing (1) Type Well Rich Type Well Payout yrs…
  21. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 21
    PROVEN RISK MANAGEMENT PROGRAM Consistent Hedge Performance Commodity Hedges Q1 2018 Q2 2018 Q3 2018 Q4 2018 2019 Majority of near term production is Natural gas (mcf/d) 20.0 21.0 21.0 17.4 7.2 hedged Average hedge price (C/mcf)…
  22. January 2018 Corporate Presentation – Delphi Energy Corp. – slide 22
    2300, 333 7th Avenue SW Calgary, Alberta T2P 2Z1 P (403) 265-6171 F (403) 265-6207 infodelphienergy.ca www.delphienergy.ca January 2018 24

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