NuVista Snapshot NuVista Corporate Info TSX Trading Symbol: NVA Market Capitalization: 1.5 billion Basic Shares Outstanding (1): 174 million Credit Facility Capacity(1): 310 million Percent Drawn(1): nil % Grande Prairie Net…
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 Industry Montney HZ wells licensed and/or T70 drilled…
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…
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…
Funded Growth Plan Strong Growth with Managed Net Debt to Adjusted Funds Flow Capital Expenditure Guidance Range (MM) Production Guidance Range (MBoe/d) 400 40.0 40 315 310 300 273 29.8 30 24.6 22.4 35.0 200 189 270 20 100 10…
Laying a Solid Foundation Free Cashflow at 60,000 Boe/d Funds the Next Phase of Growth Free Cash Flow(2) at Full Field Production Target Full-Field Development 60,000 Boe/d Variable Base Free Cash Flow Impact Capacity Free…
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…
Development Underpinned by Robust Established and Emerging Inventory Lower Montney Reserves & Resource Montney 'B' Reserves & Resource Montney 'C' Reserves & Resource Montney Wells Lower Montney HZ Wells Montney B HZ Wells…
First-Year Capital Efficiency & Capital Returned A Key Driver of Free-Cashflow Generation First Year Capital Efficiency per Well (1) First Year Capital Returned(2) Capital Efficiency (/Total boe/d) 10-well Cap Eff Mov Avg IP360…
Bilbo Development Block Free-Cashflow Positive & Significant Remaining Inventory Bilbo Reserves & Resource South Montney Sales Production Cumulative-to-Date 20 Bbls/MMcf Sales Gas NGL's C5+ C5+ Butane 54 15 Propane…
Bilbo Development Block Performance Update: Getting More for Less Bilbo IP90 Production and DCET Capital Cost Condensate (Bbl/d) Total Sales (Boe/d) 10-well Total Sales Mov. Avg. 10-well Condensate Mov. Avg 10-well Capital Cost Mov.…
Elmworth Development Block Significant New Results Hi-Fi Coming Through Elmworth Reserves & Resource North Montney Sales Production Cumulative-to-Date Bbls/MMcf Sales Gas NGL's C5+ 20 C5+ 9 Butane 9 Propane Production…
Elmworth Development Block At a Tipping Point: Encouraging Recent Well Results Elmworth IP30 Production and DCET Capital Cost Condensate (Bbl/d) Total Sales (Boe/d) 10-well Total Sales Mov. Avg. 10-well Condensate Mov. Avg. 10-well…
Gold Creek Development Block New ERH and Hi-Fi Wells off to a Strong Start Activity and Infrastructure Gold Creek Highlights Up to 3 developable layers Gold Creek Step-out Condensate yield expected to average 60+ Bbls/MMcf (range 40…
Pipestone Development Block Facilities in Planning Phase for 2019-20 Development Pipestone Activity Pipestone Highlights Pipestone Geology Up to 4 developable layers Gamma Porosity ECA Pipestone 'Super- 20 0 Condensate' Acreage to…
Proven Track Record of Execution Improving Efficiency and Well Costs Montney Well Cost (DCET) By Year Average Annual Montney Drilling Curves 14 0 1,000 12 2,000 Measured Depth (m) 10 3,000 8 4,000 (MM) 5,000 6 6,000…
Proven Track Record of Execution Reservoir Optimization Montney 3G Analysis 3D Seismic Geological PVT Analysis Microseismic Isotope Analysis Seismic Attributes Advanced Core Analysis Calibrated Frac Modelling Tier I BH Pressure…
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…
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)…
Commodity Price Risk Management Continuing Rolling Hedging Program Crude Oil Hedge Position 9,000 75.00 8,000 7,000 70.00 Hedged Volume, Bbl/d 6,000 Price, C/Bbl 65.00 Floor C WTI price of 5,000 4,000 70.41/Bbl on 70%…
Natural Gas Sales Points Q1 2018 Diversification Counts Net Revenue by Product & Gas Sales Point(1) Grande Prairie 3% 4% AECO 1% 1.85 2.74 19% 3.24 2.47 Dawn 3.79 6% 67% Malin Chicago 3.14 4.09 Chicago Nat Gas Dawn Nat…
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…
NuVista Operating Results 2018 Guidance Corporate Production (Boe/d) Actual Production Guidance Wapiti Montney Other Properties (Boe/d) (Boe/d) 40,000 37,435 36,100 35,000 Q1 '18 36,100 34,500 36,000 30,000 29,405 26,731 25,454…
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…
APPENDIX May 2018 30
Energy For Tomorrow: Canada & the World 31
GROWTH IN THE GLOBAL ENERGY MIX FROM 2016-2040 Up to 2018, 3 Trillion of investment has bought 2% extra market share for renewables* CAPPEvent CAPP_jeff * - Source: Peter Tertzakian (Arc Energy Research Inst.) - Speech at CAPP…
THE GLOBAL ENERGY PULSE 33
GLOBAL ENERGY COMPETITION Price Influencers: CAPPEvent CAPP_jeff
THE AMERICAN ENERGY REVOLUTION 35
COMPETING FOR GLOBAL CUSTOMERS THE ASIAN MARKET OPPORTUNITY CAPPEvent CAPP_jeff 36
PIPELINES BUILD CANADAS PROSPERITY 37
DECLINING INVESTMENT IN CANADA Since 2014: US Oil and gas investment UP 38% to 120 billion 2016-2017: 2016-2017: Canada Oil and US Oil and gas gas investment investment DOWN 5% UP 14% 38
ENERGY = INNOVATION 39
NVA Doing the right thing April 2018 40
In Conclusion GHG reduction and efficiency improvement Government messaging and support Pipelines not Barricades Craft Canadian Energy with Pride Tell your friends Professionally but firmly refute those who twist facts April…
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