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August 2018 Corporate Presentation – Frontera Energy Corp.

Frontera Energy Corp. · Aug 1, 2018 · 23 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. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 1
    Positioning for Growth August 2018
  2. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 2
    Frontera Energy Corporate Snapshot Q2 2018 Production Mix All Dollar Values in USD Natural Gas Capital Structure(1) Heavy Oil 7% Shares Outstanding (TSX: FEC; MM) 100 Market Cap (MM)(2) 1,451 37% 64.1 Mboe/d Total Cash(3)…
  3. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 3
    Investment Opportunity Positioning for Growth 1. 93% oil weighted with Brent price exposure 2. Strong balance sheet total cash of 730 million(1) 3. Attractive, low-risk brownfield development opportunities 4. 100% near-field…
  4. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 4
    Second Quarter 2018 Operational & Financial Highlights Strong Financial Results Q2 2018 Q1 2018 % Chg. PRICE / REVENUE / PRODUCTION Brent oil prices increased 12% quarter-over-quarter which helped Total Production (Boe/d)(1) 64,140…
  5. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 5
    Revising EBITDA Guidance Upwards Increasing Brent Oil Price Forecast from 63/bbl to 70/bbl 2018 Updated Guidance Metrics and Year-to-Date Performance 2018 Year to Date Original New Change Operating EBITDA(1) 211MM 375 - 425MM 400 - 450MM…
  6. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 6
    Largest Independent O&G Company in Colombia 7
  7. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 7
    Quifa: Cornerstone of Heavy Oil Development Development with Exploration Upside 2018 Activity: 89 horizontal well infill drilling program Vertical drilling program underway to increase Hz well inventory Expanding water handling…
  8. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 8
    Guatiqua: Building on Deep Llanos Success Development & Exploration Opportunities Successful 2017 development expanded resource (8 MMBbl 2P reserves added) Ardilla-4 proved northern extension Alligator-1 & 2 exploration wells prove…
  9. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 9
    Cubiro: Secondary Recovery in the Central Llanos Decline Mitigation 2018 activity: Waterflooding pilot commenced in January Positive response observed Expanding waterflood across field Potential to increase 2P reserves by 3.6…
  10. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 10
    Llanos 25 High-Impact Exploration Acorazado-1 exploration well testing structural closure on trend with proven Cusiana and Cupiagua fairway Acorazado prospect: Exploration well spud on April 22nd Reached TD of 15,470 ft on July 23rd…
  11. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 11
    Peru: Block Z1 Shallow Offshore Exploration Existing producing fields at Corvina and Albacora in close proximity to Talara Refinery Strong pricing - 1.00 to 2.00 discount to Brent Delfin Sur-1 exploration well: Started drilling July…
  12. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 12
    Transportation Costs P-135 Arbitration Settlement, Termination of Ship or Pay Contracts Quarterly Transportation Cost (/boe) 14.19 14.28 12.68 11.77 11.81 Transport Cost (/Boe) Q217 Q317 Q417 Q118 Q218 Fees Paid on Suspended…
  13. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 13
    Transportation Commitments Summary Over 1.5 Billion Reduction in 2018 Transportation Commitments (MM) Transportation Commitments (MM) (Ship-or-Pay) December 31, 2017 (Ship-or-Pay) June 30, 2018 2,876 Other ToP(1) 425 P135(2)…
  14. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 14
    2018 Brent Oil Hedging Summary Upside to Cash Flow after Hedges Expire at End of October FWD July 25th Floor Ceiling 78 74.87 The positive impact of 74.11 74.19 74.18 74.07 73.89 74 Fronteras exposure to strong Brent oil prices…
  15. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 15
    Appendix
  16. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 16
    Peer Valuation Comparison Frontera Trades at a Discount to Peers; Unique Investment Opportunity Enterprise Value (EV) / 2018E EBITDA(1) EV / 2P Reserves ( per Boe)(1,2) 6.0x 15.09 Average Average 4.3x 4.2x 11.22 3.9x 3.7x 10.80…
  17. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 17
    Balance Sheet Strength Strong Cash Position, Low Leverage Ratios Balance Sheet Metrics Total Cash(1) /Cash and Cash Equivalents (MM) 730/551 Net Debt/EBITDA(2) (0.5)x Debt to Book Capitalization(3) 23.2% Interest Coverage(4)…
  18. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 18
    2017 Reserves Evaluation Results Replaced 2017 Production and Increased 2P NPV10 Value 2P Net Reserves - MMBOE NPV by Category 10% (MMUSD) 200 27 -26 3,000 -18 2,523 150 2,500 2,324 1,932 587 2,000 1,918 751 100 494 402 1,500 714…
  19. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 19
    Latent Value in Non-Core Assets Midstream and Infrastructure Assets Hold Significant Unrealized Value 1) Puerto Baha 2) ODL Pipeline 39.2% Indirect Interest(1) 35.0% Indirect Interest(3) Ships the Companys heavy crude oil from Quifa…
  20. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 20
    Peru: Block 192 Recent force majeure event affecting a portion of the NorPeruano pipeline operated by PetroPeru. Repairs expected to be completed mid-August. Current service contract expires in June 2019; however, contract will be…
  21. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 21
    Proven Management Team Richard Herbert Over 36 years of experience with major international oil & gas companies, including BP, Talisman Energy, and Phillips Petroleum CEO Responsible for major exploration and development initiatives in…
  22. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 22
    Independent Board of Directors Engaged and Active in Generating Shareholder Value Gabriel de Alba Managing Director and Partner of The Catalyst Capital Group Inc. Chairman International experience restructuring public and private…
  23. August 2018 Corporate Presentation – Frontera Energy Corp. – slide 23
    INVESTOR RELATIONS CONTACT: Grayson M. Andersen Corporate Vice President, Capital Markets Calle 110, No 9 25, Piso 16 Bogota, DC, Colombia +57 (314) 250-1467 gandersenfronteraenergy.ca irfronteraenergy.ca

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