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June 2018 Corporate Presentation – Seven Generations Energy Ltd

Seven Generations Energy Ltd · Jun 15, 2018 · 28 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. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 1
    CORPORATE PRESENTATION June 2018 TSX: VII.TO
  2. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 2
    7G CORPORATE PROFILE 7G Capitalization & Key Corporate Statistics Ticker symbol - TSX VII Share Price(1) 16.78 Basic Market Cap(1) 6.0 billion Net Debt(2)(4) 2.1 billion Enterprise Value(5) 8.1 billion Available Funding(3)(4) 1.3…
  3. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 3
    2018 BUDGET: SETTING THE STAGE FOR FREE CASH FLOW VISIBILITY 2018 Production Guidance(1) (boe/d) Processing Capacity & Corporate Production (mboe/d) 200,000 210,000 55% - 60% liquids 14% - 20% annual growth 2018 Capital…
  4. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 4
    LEVEL 1 CORPORATE POLICY Stakeholder Differentiation We believe that companies have only the rights given to them by society. While people have a natural entitlement to basic rights, corporations are an instrument created by society to…
  5. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 5
    7G IS DESIGNED TO DELIVER Cash flow Profitable Industry-leading Financial self-sufficiency growth returns sustainability Targeting a 7% to 14% Delivering a 10% Continue to balanced budget production CAGR to 15% ROCE maintain a…
  6. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 6
    DELIVERING BEST IN CLASS CORPORATE RETURNS Historical Cash Return on Invested Capital (CROIC)(1)(2) 20% 19% 18% 2015A 2016A 2017A 16% 15% 14% 12% CROIC (%) 12% 9% 9% 10% 8% 8% 7% 6% 6% 6% 5% 5% 4% 4% 2% VII VII Top…
  7. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 7
    LIQUIDS PRODUCTION DRIVING REVENUE 7G Production Mix Q1 2018 Actuals 2018 Forecasted Revenue by Product(1)(2) 29% 36% 42% 61% 10% 22% Condensate NGLs Natural Gas Condensate NGLs Natural Gas 7G Realized Condensate Price…
  8. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 8
    Breakeven HHub Price (/mcfe) at 30% 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Montney - Nest 2 Montney - Attachie Eagle Ford Wet Tier 1 VII Montney - Doe US Play Montney Montney - Dawson Montney - Gundy NE Marcellus…
  9. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 9
    GROWING ON AN ABSOLUTE AND PER SHARE BASIS Production - MBOE/D(1) Funds Flow - MM(1)(2) 250 1,750 1,500 200 1,250 150 1,000 100 750 500 50 250 0 0 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Budget Budget Production…
  10. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 10
    LAYERS OF INVESTMENT: ALREADY PRODUCING FREE CASH FLOW Layers of Capital Investment(1)(2) Funds From Operations above sustaining capital for past 5 years Strategic investments in growth and infrastructure to enhance value of…
  11. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 11
    LIQUIDS GROWTH THAT DRIVES CORPORATE RETURNS Condensate Production - bbls/d NGL Production - bbls/d 80,000 50,000 70,000 40,000 60,000 50,000 30,000 40,000 20,000 30,000 20,000 10,000 10,000 0 0 2015 2016 2017 2018…
  12. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 12
    RESERVES & RESOURCES 7G Reserves & Resources by Classification & Play Area(1) Inventory Depth 2P Reserves: 1.7 billion BOE Contingent Resources (risked): 1.3 bllion BOE Prospective Resources (risked): 740 MMBOE 800 Montney…
  13. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 13
    KEY RESERVE METRICS Year End 2P Reserves (MMBoe)(1) Year End Finding Development & Acquisition Costs (/BOE) (1) 1,800 YoY PDP Growth 1,695 25.00 2017 1P and 2P 22.45 of 27% in 2017 1,535 recycle ratios of 1,600 2.6x and 2.2x, 19.64…
  14. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 14
    HISTORICAL TYPE CURVES Nest 1 Nest 2 Nest 3 Well/Capital Assumptions (2014) (2016) (2017) Lateral length (m) 2,200 2,700 2,500 Inputs Stage count () 28 28 40 Tonnage (Tonnes/stage) 120 160 200 Total well cost (DCET) (MM) 9.5…
  15. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 15
    DIFFERENTIATED MARKET ACCESS STRATEGY Gas Market Diversification(1) Canadian Condensate Supply and Demand(2) 1,200 Forecast 1,000 Thousand Barrels per Day (MBOE/d) 800 600 Imports 400 200 - Source: ARC…
  16. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 16
    THE 7G VALUE PROPOSITION Among North Americas lowest supply cost liquids-rich natural gas producers Asset Quality Canadas largest condensate producer 800 net sections of Montney rights with decades of drilling opportunities…
  17. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 17
    Appendix 17
  18. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 18
    CURRENT HEDGE POSITION Hedge Position March 31, 2018 2018 2019 2020 2021 Q1 2018 Q2 2018 Q3 2018 Q4 2018 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 2020 Q1 2021 Q2 2021 H1 2021 Liquids Hedging…
  19. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 19
    2018 BUDGET DETAIL 2018 Budget Assumptions 2018 well activity: 85 to 95 wells drilled 90 to 100 wells completed 80 to 90 wells on production Nest well cost of 11.5 MM Drill: 3.5 MM Complete: 7.0 MM Tie-in 1.0 MM Costs…
  20. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 20
    UPSIDE POTENTIAL UPPER MONTNEY EXTENSION AND SECONDARY TARGETS 7G ACREAGE HELD BY ZONE (March 31, 2018) Gross Zone Gross Acres Net Acres Net Sections Average WI Sections Cardium 158,880 120,048 248 188 76% 1WS 164,480 120,535 257…
  21. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 21
    SELECTED FINANCIAL AND OPERATIONAL INFORMATION VII - Recent Quarterly Results OPERATING RESULTS Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 YE 2017 YE 2016 Average daily production (1) Condens a te (mbbl /d)…
  22. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 22
    WELL RESULTS WITHIN THE NEST Nest 2 Gas C5+ Total C5 +Yield Wells Mcf/d bbls/d boe/d bbl/MMcf () IP30 4,561 1,056 1,816 232 267 IP90 4,497 861 1,611 192 244 IP180 4,076 685 1,364 168 231 IP270 3,731 558 1,180 150 203 IP365 3,369 484…
  23. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 23
    INVENTORY OF NEST 1, NEST 2 & NEST 3 MONTNEY WELLS In Progress Well Wells down due to Nest 1 Drilling Phase Completion Phase Tie-in Phase Producing Wells Inventory Concurrent Ops July 1, 2017 1 1 0 2 18 0 October 1, 2017 5 2 0 7…
  24. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 24
    INFRASTRUCTURE SUMMARY Infrastructure Footprint Natural Gas Processing: 760 MMcf/d capacity 510 MMcf/d owned & operated Access to 3rd party capacity of up to 250 MMcf/d Building an additional 250 MMcf/d at Gold Creek…
  25. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 25
    SUPER PADS: LIFT, EFFICIENCY, REDUNDANCY Super Pad Schematic Innovative field-distributed pads Efficient gathering of single-phase GAS & C5+ (2-phase) products in segregated systems Benefits: High pressure gas for artificial lift…
  26. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 26
    SWEET SPOT OF THE MONTNEY Over Pressured High Productivity Brittle Rock High Recovery Factor Thickness Large Resources in Place Lower Temperature High Liquids Content Sources: Canadian Discovery Ltd. & Graham Davies Geological…
  27. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 27
    RESPONSIBLE DEVELOPMENT HIGHLIGHTS Safety Environment Community Safety first Low GHGs GP Hospital 0.64 TRIF in 2017 0.0126 carbon intensity(1) 1.7 million raised Building a culture of safety Among lowest carbon 7Gs annual…
  28. June 2018 Corporate Presentation – Seven Generations Energy Ltd – slide 28
    DEFINITIONS AND ABBREVIATIONS AECO physical storage and trading hub for natural gas on the TransCanada Alberta transmission Mcf thousand cubic feet system mcfe thousand cubic feet equivalent avg average MM million bbl or bbls barrels…

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