A Lundin Group Company International Petroleum Corp. Internationally Focused Upstream Company January 2019 NC00114 01.19
International Petroleum Corp. Corporate Strategy Deliver operational excellence Maintain financial resilience Maximize the value of our resource base Grow through M&A NCF00082 p01 07.18 2
International Petroleum Corp. IPC Net Reserves & Resources Resource Growth 1,143.9 MMboe (1) 1,200 2P + 2C 1,143.9 More than doubled 2P reserves to 291.5 MMboe (1) 1,000 Increased reserves life index (RLI) from 11 to 18 years…
IPC Production Growth(1) Oil Gas 60 Significant production growth since April 2017 spin-off: 4x 50 Increased oil weighting post BlackPearl acquisition 45 40 Organic growth opportunities in all countries to drive 40% 34.0…
International Petroleum Corp. Operating Cash Flow (1) First nine months 2018 operating cash flow of 221 MUSD = 95% of full year 2018 guidance (2) Proforma 9M 2018 OCF of 276 MUSD including BlackPearl Net Debt (1) end Q3 2018 reduced…
International Petroleum Corp. Canadian Macro Supply and Pipeline Egress December announcement of 325 Mbopd (8.7%) production curtailment in Alberta Impacts companies producing 10 Mbopd in Alberta: IPC not affected Call on rail falls…
International Petroleum Corp. 2P Net Asset Value (NAV) 3,000 2,850 2,850 69 PXX 355 IPCO 2,500 2,426 2,000 1,699 MUSD 76% discount to 1,500 combined core 2P NAV 1,000 580 500 1,151 0 IPCO BlackPearl Proforma…
International Petroleum Corp. Organic Growth Opportunities in 2019 Canada Malaysia Bertam France Paris Basin Dawson Creek Manville Oil Sands Wabasca DesMarais Manville Oil Sands Blackrod Grande Prairie Lesser Slave Lake Slave…
IPC - Malaysia 3 Infills completed (2016 & 2017) Bertam Malaysia Performance exceeding expectations Bertam Bertam Field Gross Production Infill wells account for over 14,000 50% of current production 2016 & 2017 infill N 2016…
Villeperdue West - Potential Sanction 2019 IPC - France Paris Basin Paris Basin France rage ic Cove ism Proven track record of resource growth D Se Villeperdue West, 4.2 MMboe 3 Actively targeting organic…
Mooney Blackrod CANA IPC - Canada DA Edmonton Calgary Onion Lake Suffield/Alderson Assets Regina Former BlackPearl Assets Ottawa ewan USA Alberta Saskatch Athabasca Blackrod Peace River Onion Lake 2019 Opportunities…
Mooney Blackrod CANA IPC - Canada DA Edmonton Calgary Onion Lake Suffield/Alderson Assets Regina Suffield Ottawa USA Suffield Gas Canada Gas Annual Historical Decline Rates (1) 4% 2018 Focus 2% 2% 2019…
International Petroleum Corp. Concluding Remarks Two transformational acquisitions completed in 2018 Significant long life reserves base Low cost production growth Material contingent resource base Strong balance sheet to…