PENGROWTH IS A RESOURCE DEVELOPER OF TWO Who We Are WELL-DEFINED LONG-LIFE LOW-DECLINE ASSETS 447 Million boe 791 Billion cf Proved & Probable Reserves (Company Interest) Proved & Probable Net Reserves Groundbirch 50 Year Reserve…
THE STRATEGIC REVIEW IS PURSUING MULTIPLE OPTIONS Liquidity TO IMPROVE PENGROWTHS CAPITAL STRUCTURE 330 MM Revolving Credit Facility CA541 MM Long Term Notes 250 Drawn 173 200 Un-Drawn 81.4 330 MM 150 217 100 128 137…
Performance & FULL YEAR 2018 CAPITAL EXPENDITURES, ROYALTY EXPENSES AS A PERCENTAGE OF SALES, ADJUSTED OPERATING EXPENSES AND Guidance CASH G&A EXPENSES WERE ALL WITHIN FULL YEAR GUIDANCE. (1) 2018 Guidance 2018 Actuals Lindbergh…
Sequential Q4 2018 NEGATIVE ADJUSTED FUNDS OF Waterfall Chart FLOW1 2.3 MILLION Sequential Analysis Q3 2018 vs. Q4 2018 Increased volumes led to 7.6 million improvement Commodity pricing and realized diluent costs had47.1 million…
GOVERNMENT OF ALBERTA CURTAILMENTS ARE NOT 2019 Guidance EXPECTED TO MATERIALLY IMPACT 2019 GUIDANCE Early action protected stakeholders 2019 Guidance Lindbergh Production (average bbl/d) 17,750 - 18,250 Corporate Production…
RESERVE REPLACEMENT OF 120% FOR TOTAL PROVED Reserve Update AND 110% FOR TOTAL PROVED AND PROBABLE RESERVES; NPV10 OF 2.76 BILLION Gross Reserves (MBOE) Dec 2018 Dec 2017 Change % Change Proved Developed Producing 27,224 33,218 (5994)…
LINDBERGH EXITS 2018 ON PLAN AT MORE THAN 19,000 BBL/D AND Lindbergh SAGD CONTINUES TO PRODUCE AT UPPER END OF 2019 GUIDANCE EVEN WHILE CURTAILED Unscheduled Outage 20,000 18,000 12.0 Scheduled plant turnarounds Bitumen Production…