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March 2018 Corporate Presentation – Delphi Energy Corp.

Delphi Energy Corp. · Mar 14, 2018 · 21 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. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 1
    March 2018 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION
  2. March 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. March 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) 181.8 Grande Prairie (2) Net Bank Debt / Credit Facility…
  4. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 4
    2018 GUIDANCE FOR FIRST HALF 2018 Delineation drilling success in 2017 sets up multiple options for ultra-rich condensate locations in 2018 2018 First Half Guidance Production data from 2017 drilling important Net Capital Program (…
  5. March 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 Montney land base has grown to 169.5 gross sections (111.29 net) Significant land position…
  6. March 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 March 2018 6
  7. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 7
    DELINEATING THE LARGE LAND POSITION 15 new wells on-stream in 2017 2 new wells on-stream in 2018 Development & Delineation 5 new wells waiting on completion 100% drilling success on 46 DEE wells 17 well drilling program in 2017…
  8. March 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. March 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. March 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. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 11
    IMPROVED PARENT / CHILD WELL MANAGEMENT Offset Frac Well Initial production Intervention performance of 13- 9 (and other pad wells) was below expectations It was further impacted by an offset frac in October A partial…
  12. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 12
    WESTERN-MOST WELLS: HIGHEST CONDENSATE YIELD TO DATE Highest initial condensate yield Shallower initial decline Average IP90 field condensate yield of 203 bbl/mmcf sales Both wells completed with 40-stages and 1,350 lb/ft of…
  13. March 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. March 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 60% of Chicago sales volumes are hedged with NYMEX swaps at an…
  15. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 15
    CONTRACTED ALLIANCE SERVICE IS A VALUABLE ASSET Delphis Alliance service worth approximately 40 million (1) The undiscounted value of the arbitrage between AECO and Chicago netback prices available through all of Delphis Alliance…
  16. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 16
    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…
  17. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 17
    APPENDIX March 2018 19
  18. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 18
    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…
  19. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 19
    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…
  20. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 20
    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)…
  21. March 2018 Corporate Presentation – Delphi Energy Corp. – slide 21
    2300, 333 7th Avenue SW Calgary, Alberta T2P 2Z1 P (403) 265-6171 F (403) 265-6207 infodelphienergy.ca www.delphienergy.ca March 2018 23

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