Skip to main content November 2018 Corporate Presentation – Bonavista Energy Corp | Shale Experts
Loading...
Pm

November 2018 Corporate Presentation – Bonavista Energy Corp

Bonavista Energy Corp · Nov 19, 2018 · 39 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. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 1
    CONSISTENTLY ADAPTING TO THE ENVIRONMENT November, 2018 1
  2. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 2
    Corporate Identity 3 All together better
  3. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 3
    Corporate Identity We strive to be the most agile, efficient and responsible provider of hydrocarbon energy in Western Canada Innovating and adapting Finding a better way Sustainability 30% 27% 24% 15.00 15.00 40% 10.00 10.00…
  4. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 4
    Corporate Identity Better than a pure play - two core areas with unique strengths adds capital allocation flexibility Q1-Q3, 2018 Deep Basin West Central Production 28,504 37,605 Operate 92% (boe/d) of our Oil and Liquids 12%…
  5. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 5
    Corporate Identity Q3 2018 operating and financial results Operational: 68,036 boe/d production, 30% oil and liquids 5.74/boe operating cost 10 (9.6 net) wells drilled Financial: 63.7 million adjusted funds flow (AFF), 0.25 per…
  6. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 6
    2018 Priorities and Guidance 7 All together better
  7. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 7
    2018 Priorities financial position with surplus funds flow STRENGTHEN net operating income by allocating capital asset quality through to liquids rich innovation and development concentration MAXIMIZE ENHANCE 8
  8. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 8
    net operating income by allocating capital to liquids rich development MAXIMIZE 9
  9. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 9
    Maximize Adjusted Funds Flow At current natural gas prices, maintain production and strengthen financial position 2018E 2018E November 1, 2018 July 31, 2018 forecast forecast Capital Expenditures ( millions): Added two late…
  10. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 10
    Maximize Adjusted Funds Flow Allocating capital to liquids rich development Redirecting Value Capital 1: 2017 2018E 2018E Drill Program Zone ( millions)2 Oil 2 Cardium 74% 40 Glauconite, West Central 74 - 78 bbls/mmcf…
  11. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 11
    Maximize Adjusted Funds Flow Allocating capital towards liquids rich targets 30% C3+ Production Additions (% of Total Additions) Budget 25% Actuals 20% 15% 10% 5% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018E 12
  12. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 12
    Maximize Adjusted Funds Flow Strategic capital allocation optionality of our diverse natural gas portfolio Value Capital1 Distribution 100% 7.50 75.00 1,200 90% 80% 6.00 60.00 1,000 70% Value Capital Horizontal Well…
  13. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 13
    asset quality through innovation and concentration ENHANCE 14
  14. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 14
    Enhancing Asset Quality Hoadley Glauconite Tuck-in acquisition closed in October Offsetting Horizontal Performance1 5,000 R7 R6 R5 R4 R3 R2W5 T42 4,000 Raw Gas (mcf/d) 3,000 2,000 1,000 BNP type curve 0 T41 Mar…
  15. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 15
    Enhancing Asset Quality Hoadley Glauconite Evolving completion design to enhance Hoadley Glauconite ERH performance Enhanced completion design for three of the four wells completed in Q3 Cemented liners with coil shiftable sleeves…
  16. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 16
    Enhancing Asset Quality Hoadley Glauconite Continuous improvement with Hoadley Glauconite development 4,000 3,500 Meaningful performance 3,000 improvements over last three 2,500 Raw Gas (mcf/d) years IP12 2,000…
  17. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 17
    Enhancing Asset Quality Strachan Glauconite Infrastructure investment at Strachan to enhance growth in net operating income Alberta R10 R9 R8 R7W5 Build Land Position and Develop 94.5 (80.3 net) sections of land Allocating 26% of…
  18. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 18
    Enhancing Asset Quality Strachan Glauconite Strachan growth in production and netback AECO 30.00 7,000 2.13/GJ New infrastructure fully 25.00 AECO 6,000 operational in July 1.21/GJ 2018 drilling program 5,000 20.00 completely…
  19. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 19
    Enhancing Asset Quality Morningside Falher Concentrating land position and applying technology to Spirit River at Morningside Alberta R1W5 R28 R27 Added 30 sections of land in the past 18 months Over 300% increase in horizontal…
  20. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 20
    Enhancing Asset Quality Morningside Falher Industry leading performance enhancements with ERH drilling at Morningside Falher Drilling Performance with ERH Well Performance with ERH 0 900 500 12 wells 800 1,000 700 1,500…
  21. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 21
    Enhancing Asset Quality Ansell Wilrich Adapting our operating performance at Ansell Production R20 R19 R18 R17 R16 R15 R14 90,000 80,000 70,000 T53 Raw Gas (mcf/d) 60,000 50,000 40,000 T52 30,000 20,000 10,000 0 T51…
  22. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 22
    Enhancing Asset Quality Ansell Wilrich Continuous improvement at Ansell Wilrich 8,000 Drill and Year over year Length Complete IP12 IP12 Wells (m) ( millions) (boe/d) Improvement 7,000 2015 16 1,400 4.5 310 2016 8 2,000 4.1 390…
  23. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 23
    financial position with surplus funds flow STRENGTHEN 24
  24. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 24
    Strengthen Financial Position Generating 90 - 100 million in surplus funds flow while maintaining production profile 300 250 90 80,000 Surplus 200 100 funds flow 70,000 million 60,000 millions Production (boe/d) 150…
  25. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 25
    Strengthen Financial Position Senior unsecured debt maturities1 Next maturity 250 not until 2020 200 Bank credit facility - 500 million CDN Recently renewed bank credit facility, matures September 10, 2021 150 8 Canadian banks…
  26. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 26
    Strengthening Financial Position Well hedged and diversified 4.00 2018E Revenue1 Realized Pricing 10% 3.12 3.10 3.14 2.84 2.85 2.76 3.00 2.62 /mcf 535 45% 2.00 million 45% 1.00 Natural Gas NGL 0.00 Oil Q1 2017 Q2…
  27. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 27
    Summary We remain firmly on track with our 2018 priorities We will remain flexible aligning financial position with capital allocation surplus funds flow with value creation at current STRENGTHEN commodity prices net…
  28. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 28
    Appendix 29 All together better
  29. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 29
    2018 Third Quarter Results Generating excess adjusted funds flow Three months ended September 30, Financial: 2018 2017 % change ( millions except per share amounts) Production revenues 132 122 8% Cash flow from operating activities…
  30. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 30
    Hoadley Glauconite Type Curve 3,500 1-mile 2-mile Value capital1 ( millions) 2.9 4.0 3,000 IP12 (boe/d) 277 540 Production efficiency (/boepd) 10,500 7,300 2,500 EUR (mboe) 504 898 F&D costs (/boe) 5.74 4.41 Raw Gas (mcf/d)…
  31. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 31
    Strachan Glauconite Type Curve 6,000 1.5-mile (high 1.5-mile condensate) Value capital1 ( millions) 4.9 4.9 5,000 IP12 (boe/d) 575 610 Production efficiency (/boepd) 8,500 8,000 EUR (mboe) 736 782 4,000 F&D costs (/boe) 6.62…
  32. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 32
    Morningside Falher Type Curve 7,000 1-mile 2-mile Value capital1 ( millions) 2.4 3.5 6,000 IP12 (boe/d) 320 600 Production efficiency (/boepd) 7,500 5,800 5,000 EUR (mboe) 399 755 F&D costs (/boe) 5.97 4.66 Raw Gas (mcf/d)…
  33. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 33
    Ansell Wilrich Type Curve 8,000 1.5-mile (diagonal) 7,000 Value capital1 ( millions) 4.7 IP12 (boe/d) 830 6,000 Production efficiency (/boepd) 5,600 EUR (mboe) 942 5,000 F&D costs (/boe) 4.97 Raw Gas (mcf/d) Operating…
  34. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 34
    2017 Accomplishments Growth in adjusted funds flow, reserves and production Adjusted Funds Flow 2P Reserves1,2 Production 325 450 75,000 300 70,000 275 425 ( millions) 65,000 (mmboe) 250 (boe/d) 400 225…
  35. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 35
    Enhancing Asset Quality in 2017 Enhanced performance through innovation Corporate 2P FD&A Recycle Ratio Well Performance Improvement (3-year weighted average) 800 3.5 More wells with 700 greater production 3.0 600…
  36. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 36
    2017 Reserves F&D costs of 7.60/boe: Reserves Weighting Natural Reserve Category1 Oil Natural Gas Total Gas Liquids (Mbbls) (Bcf) (Mbbls) (Mboe) Oil and Proved Developed Producing 4,489 642.4 43,267 154,819 Natural Gas…
  37. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 37
    Sustainable Energy Future Sustainable growth includes reducing footprint 1.2 1,200 5.0 9,000 1.8 4.1 8,000 1.6 TOP TIER PIPELINE RECORD 1.1 1,160 4.0 7,000 1.4 3.0 6,000 1.2 1.0 C02e (MM Tonnes) REDUCING EMISSIONS…
  38. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 38
    Advisory Non-GAAP Financial Measures A reconciliation of adjusted funds flow, payout ratio, and surplus funds flow for Bonavistas actual results for the nine months ended September 30, 2018 and Bonavistas anticipated results is as…
  39. November 2018 Corporate Presentation – Bonavista Energy Corp – slide 39
    1500, 525-8th Ave SW Calgary, AB T2P 1G1 403.213.4300 investor_relationsbonavistaenergy.com 43

From the store

Browse maps, data & reports in the Shale Experts store