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February 2019 Corporate Presentation – Frontera Energy Corp.

Frontera Energy Corp. · Feb 26, 2019 · 29 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. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 1
    Enhancing the Portfolio February 2018
  2. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 2
    Company Overview
  3. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 3
    North Andean Focus Largest Independent O&G Company in Latin America 4
  4. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 4
    Frontera Energy Corporate Snapshot Capital Structure (U.S.) Q3 2018 Production Mix Shares Outstanding (TSX: FEC; MM)(1) 100 Natural Gas Market Cap (MM)(2) 823 Heavy Oil 7% Total Cash(3) /Cash and Cash Equivalents (MM) 786 / 587…
  5. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 5
    2019 Guidance Strong EBITDA, Lower Capex, Stable Costs 2019 Guidance Metrics(1) 2018 2019 Guidance Operating EBITDA(2) 400 - 450 MM 400 - 450 MM Capital Expenditures 440 - 460 MM 325 - 375 MM Average Daily Production 70 72…
  6. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 6
    2019 Guidance Strong EBITDA, Lower Capex, Stable Costs Daily Production, before royalties (Boe/d) Operating EBITDA and Capex (MM) 80,000 500 450 70,000 400 60,000 350 50,000 300 40,000 250 30,000 200 150 20,000 100 10,000…
  7. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 7
    Company Strategy Sustaining Base Production for the Next Three to Five Years from Core Assets Optimizing Cash Generation and Delivering Enhanced Shareholder Returns Core Portfolio of Stable Assets with Growth Options Maintain Strong…
  8. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 8
    Core Assets Deliver Stable Base Production Seven Year Production Profile from Restructuring to Growth Frontera Daily Production (before royalties Boe/d) In the Portfolio Future Opportunities 90,000 Restructuring Transition Growth…
  9. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 9
    Our Portfolio Large Diversified Asset Base with Significant Acreage and Infrastructure CORE Quifa Guatiqua Cubiro SUSTAINING CPE-6 Z-1 Near field exploration GROWTH Colombia new acreage Offshore Guyana Ecuador bid…
  10. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 10
    Balance Sheet Strength Strong Cash Position, Low Leverage Ratios Balance Sheet Metrics September 30, 2018 Total Cash(1)/Cash and Cash Equivalents (MM) 786/587 Net Debt/EBITDA(2) 0.0x Debt to Book Capitalization(3) 22.7% Interest…
  11. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 11
    Corporate Responsibility and Partner of Choice Committed to Sustainable Operations Sustainability & Shared Value Model 2018 and 2017 United Nations Global Compact awards recipient For the fourth year in a row, we were selected…
  12. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 12
    Core Assets
  13. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 13
    Quifa: Cornerstone of Heavy Oil Production Stable Production at 27,000 Bbl/d for Five Years Recent Exploration Discoveries Reserves Balances: As of December 31, 2017 1P: 55.6 MMBbl 2P: 63.7 MMBbl Key Characteristics: 300 wells…
  14. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 14
    Guatiqua: Building on Deep Llanos Success Stable Production at 15,000 Bbl/d for Three Years Key Activities: Two development wells in 2019 Cocodrilo exploration in 2020 Potential expansion of Yatay field Key Characteristics: High…
  15. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 15
    Cubiro: Additional Light Oil Potential Waterflood to Increase Recovery Efficiency and 3X Production Potential Key 2019 Activities: Six development wells Two water injector wells Start water injection throughout the whole field Key…
  16. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 16
    Sustaining & Growth Assets
  17. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 17
    Guyana Exciting Exploration Opportunities Over 1.8 million gross acres in the hottest offshore exploration basin in the world Two well commitment plus a two well option Multiple play types with vertical and lateral migration…
  18. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 18
    Hamaca Field (CPE-6) Large Oil In Place, Reserves, Production Upside 2017 Reserves Balance: 1P: 17 MMBbl 2P: 24 MMBbl 190 wells for a 5 MBbl/d and 250 MBbl/d of water plateau Key 2019 Activities: Drill 7 producer wells and 1…
  19. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 19
    Peru Potential for New Contract & Shallow Offshore Exploration Notified by Petroper on November 30, 2018 of a force majeure event resulting in the shut down of production from Block 192 Current service contract expected to expire…
  20. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 20
    Realizing Value from Non-Core Assets Midstream and Infrastructure Assets Hold Significant Value 1) ODL Pipeline 2) Puerto Baha 35.0% Indirect Interest(3) 39.2% Indirect Interest(1) Ships the Companys heavy crude oil from Quifa SW…
  21. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 21
    Investment Opportunity Enhancing the Portfolio Experienced, Focused asset 93% oil weighted technically- Partner of base in North with Brent price focused exposure Choice Andean Region management team in place Strong balance…
  22. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 22
    Appendix
  23. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 23
    Third Quarter 2018 Operational & Financial Highlights Strong Net Income and Cash Provided by Operating Activities Q3 2018 Q2 2018 % Chg. Price / Revenue / Production Brent oil prices increased 1% quarter-over-quarter which Net…
  24. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 24
    Transportation Costs P-135 Arbitration Settlement, Termination of Ship or Pay Contracts Quarterly Transportation Cost (/boe) 14.28 13.77 11.77 12.68 Transport 11.81 Cost (/Boe) Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Fees Paid on…
  25. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 25
    Frontera Offers Deep Value Following Restructuring Improved Liquidity Driven by Share Buyback and Stock Split Enterprise Value (US)/2019 Guidance (Boe/d)(1) Enterprise Value (US)/2P Reserves (2018/2017) (1) 50,000 18.00 45,000…
  26. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 26
    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…
  27. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 27
    Proven Management Team Proven Leadership with Global Experience Over 36 years of experience with major international oil & gas companies, including BP, Talisman Energy, and Richard Herbert Phillips Petroleum CEO Responsible for major…
  28. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 28
    Independent Board of Directors Engaged and Active in Unlocking Shareholder Value Gabriel de Alba Managing Director and Partner of The Catalyst Capital Group Inc. Chairman International experience restructuring public and private…
  29. February 2019 Corporate Presentation – Frontera Energy Corp. – slide 29
    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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