CANBRIAM ENERGY INC. CORPORATE PRESENTATION MARCH 2019
Canbriam Energy: Established, Experienced and Differentiated An integrated, BC Montney liquids rich natural gas growth company with differentiated resource quality Established premier position based on the management teams collective…
Investing in Canbriam Energy Canbriams integrated approach supports low cost Montney development & full cycle value creation Prolific BC Montney asset with low risk development inventory Integrated strategy provides low…
Canbriams Altares is located in the prolific B.C. Montney The BC Montney has significant well density and peer activity Canbriam Energy Williston Lake 15 km 4 Canbriam Energy Corporate presentation
Positioned within the liquids rich fairway of the BC Montney Large, contiguous land position in Altares & Kobes supports liquids rich natural gas development Dry gas Rich gas Oil window 0 -100 bbl/MM 100+ bbl/MM Strong liquids…
Production growth history with strong liquids content Canbriams production growth is supported by the phased expansion of the Altares Processing Facility Altares Sales Production History (Mboe/d) 45 Natural gas (sales gas) Oct…
Convergence of key parameters in Altares & Kobes Canbriam acquired its position in Altares in 2008 after an extensive regional Montney review Thick Reservoir (300+ m) Highly Over-Pressured (1.5 2.0x) Free Liquids (30 40+ bbl/MMcf)…
High Well Productivity & Low Decline Base Production Asset quality has supported top-tier performance and lower base declines 12-month Rate vs. 12-month Cumulative Production (Q3 2018) Production by Well Vintage 8 40,000 Gas Rate…
Altares Processing Facility: scalable to 400 MMcf/d Canbriam owns & operates all of its processing infrastructure Water treatment & recycling hub Commissioned March 2015 Phase 4: 120 MMcf/d Sanctioning to be determined Phase…
Competitively advantaged in water sourcing, handling & disposal Integrated water strategy eliminates need to truck water Sourcing & distribution 90% 20 year permit (2011) to access 10,000 m3/day of fresh water from Williston Lake…
Marketing & transportation plan supports long term development Sufficient takeaway capacity to support near term requirements Enbridge T North: 228 MMcf/d firm capacity Enbridge T North Incremental 20 MMcf/d added effective April…
Price realizations benefit from liquids content, hedging & heat content Disciplined risk management & active hedging program have supported realized prices Revenue by product: 20152018 (/boe) High Heat Content Natural Gas(1) 30.00…
Natural gas & liquids price risk management Active hedging, physical sales basis contracts & high heat content have optimized natural gas pricing Risk Management Transactions (at March 15, 2019) Liquids hedges (at March 15, 2019)…
Historical financial summary Financial performance reflects improving cost structure and production growth Average production 35.7 Adjusted EBITDA(1) (Mboe/d) (C millions) 26.9 154 26.6 144 137 17.9 83 88 9.6 66 7.8 2013…
Investing in Canbriam Energy Canbriams integrated approach supports low cost Montney development & full cycle value creation 100% working interest and operatorship in core Altares & Kobes Montney lands Prolific Montney resource…
SUPPLEMENTAL INFORMATION 18 Canbriam Energy Corporate presentation
Canbriam has the foundation for long term value creation Our approach is defined by three key elements Resource Innovation Collaboration Montney is a world class reservoir Canbriams success is tied to early Team approach fosters…
Canbriam Energy leadership Team built specifically for exploration & development of unconventional gas resource Paul Myers Founder and CEO since company inception in 2007 President and Chief Diverse 30 year career in various…
Illustrative type curve economics Main Fault Block type well statistics represent the current planning basis for Canbriam Single well statistics Main Fault Block BT IRR (%) 160% Well properties Upper Montney Lower Montney 140%…
Stable production history with strong liquids content Canbriams production growth reflects addition of phases 1 & 2 of the Altares Processing Facility in 2015 250 Natural gas production Inlet Sep 40,000 Boe/d nameplate capacity 200…
Canbriams High Quality Altares Montney Footprint Ideally positioned in the liquids-rich window of the B.C. Montney Rich gas boundary Key reservoir attributes of the Altares Montney region Pressure gradient 18Kpa/m Subsurface…
Optimizing well performance through choke management strategy Canbriams use of downhole chokes optimizes its over-pressured reservoir Altares c-B27-H well - Upper Montney Advantages of downhole chokes: 15.0 30,000 Minimizes 1st…
Development plan includes five commercial intervals Three Upper Montney & two Lower Montney layers at 300 meter spacing 7 Tested zones C5 Commercial Upper Intervals1 & 2 C4 C2 Commercial Interval 3 T1 300 m…
Evolution of Completion Optimization Completion efficiency improving through technology advancement & integrated technical approach Initial Development Development Phase Current Design Future Enhancements (2009 2012) (2013 2015)…
Supplemental reserves information 2018 Independent reserves evaluation completed by McDaniel & Associates Reserves Reconciliation(1) Proved Probable Proved + Probable Natural Gas NGLs Total Natural Gas NGLs Total Natural Gas NGLs…
Canbriam Energy Inc. 2100, 215 2nd Street SW Calgary, AB Canada T2P 1M4 Tel: 403.269.2874 www.canbriam.com Paul Myers President & Chief Executive Officer 403.718.8550 pmyerscanbriam.com Larry Cole Chief Financial Officer 403.718.8551…
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