DEBT ADJUSTED PRODUCTION PER SHARE GROWTH Q4 2014 to Q1 2018 Peer Benchmarking Comparison (Excluding Oil Sands Peers) K Source: Company Disclosures, NBF research 1) Excludes SGY in peer average 6 FOOTNOTES INCLUDED IN THE BACK…
LIQUIDITY AND LEVERAGE Post the recent Sparky acquisition, Surge maintains 100M liquidity and 1.53x projected 2018 D/CF at strip oil prices. 400 2.5x 350 2.0x 300 250 Debt to Cashflow Ratio 1.5x in Millions 200…
FIXING INTEREST COSTS IN A RISING RATE ENVIRONMENT Notional Surge Surge Type Term Effective Fixed Rate SGY Pays Amount (CAD) Receives Pays Fixed-to-Floating Rate Feb 2018 to Floating Fixed 100,000,000 Effective All in Rate 4.73%1…
BALANCE SHEET MAINTENANCE WITHOUT DILUTION Surge managed the downturn via asset sales, prudent hedging, and dividend optimization % Change in Shares Outstanding - Year End 2014 to Q1 2018 200% 193% 180% 160% 140% 120% 101% 103%…
SURGE 5 YEAR PLAN (ORGANIC GROWTH) SGY can grow organically to 20,000 boe/d in 5 years while generating FCF of 36 MM to 380 MM Surge 5 Year Plan 25,000 250 * 5 year plan uses only 47% of drilling inventory. 20,000 200 2022…
FULL CYCLE ECONOMIC DRILLING INVENTORY 10 years of drilling locations with an average 78% risked IRR 55 WTI & 3 Henry Hub IRR*: 94% IRR*: 89% IRR*: 78% IRR*: 53% Strong balance sheet: 2017 Debt/CF = 1.25x Ample liquidity:…
NORTHWEST ALBERTA - VALHALLA Control of large OOIP stacked pay, light oil reservoirs, with working interest ownership in key facilities, and firm service agreements in place Stacked Reservoirs Sexsmith Depth Net OOIP Current…
LATEST (SGY) DOIG RESULTS Valhalla Doig High Productivity Wells - Cumulative Oil vs Time 300,000 - AFTER FEB 2018 DRILL-OUT & PERF WORKOVER. Nov 2016 - Jan 2018 CUM = 58,230 bbl - 200m infill 250,000 - 200m infill 2014-2016…
SPARKY UNDER-DEVELOPED COMPARED TO SIMILAR RESOURCE TRENDS Surge leading the charge with horizontal multi-stage fracs on the next big play Oil Play Comparison Alberta Sask Cum oil Recovery of Hz Avg. oil OOIP Play Prod Factor…
SPARKY CORE Surges Current W4 Asset Base SURGE W4 ASSETS Acres 110,000 OOIP (MMbbls) 700 Locations 340 Production 7,000 (boe/d) 15 FOOTNOTES INCLUDED IN THE BACK AS ENDNOTES
SPARKY CORE YE 2012 The Introduction Identified Sparky potential in the areas of Eyehill and Provost Modest, but very strategic entrance Fire a couple of bullets, before you load up the cannon Drilled 2 Hz Wells SURGE W4 YE…
Wainwright Acquisition SPARKY CORE YE 2013 Production 980boe/d Growth OOIP (MMbbls) 200 1st Major, Accretive, and Core, Sparky Acquisition in Wainwright Continued organic growth in Provost and Eyehill Drilled 10 Hz wells (12…
SPARKY CORE 2014 TO YE 2016 Disciplined Continued organic growth Growth of another new Sparky area in Betty Lake with over 90MMbbls of OOIP identified and captured Drilled 23 Hz wells (35 Total) SURGE W4 2014-2016 YE OOIP…
SPARKY CORE YE 2017 Opportunity 2nd and 3rd Major, Accretive, and Core, Sparky Acquisitions Continued pursuit of organic growth within core areas Husky Acquisition Drilled 17 Hz wells (52 Total) Production 745boe/d OOIP (MMbbls)…
SPARKY CORE 2018 YTD Acquisition 4th Major, Accretive, Core, and Sparky Acquisition Production 620boe/d OOIP (MMbbls) 85 Disciplined organic growth within Future strategic core areas Locations 35 Drilled 8 Hz wells YTD (60…
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