Accelerating Condensate Development in the Heart of the Montney While Retaining Capital Flexibility Investor Presentation TSX: AAV April 2019
ADVANTAGE AT A GLANCE TSX 52-week trading range 1.80 - 4.80 Shares Outstanding (basic) 186 million Market Capitalization 0.4 billion Enterprise Value 0.7 billion Advantage Montney Assets 2018 Record Production Total Production…
BUILDING ON FOUNDATIONAL ASSETS, FOCUSING ON TOP-TIER LIQUIDS Solid Today Solid Tomorrow Reinvest in Our High Returns Free Cash Generating Asset Liquids Assets Retain Competitive Edge with Ultra-Low Costs Commanding…
LIQUIDS DEVELOPMENT FUNDED PRIMARILY BY GLACIER FREE CASH (1) Condensate & Light Oil Focused 6 miles Progress Glacier asset generating free cash Valhalla and Pipestone/Wembley liquids development underway Glacier Utilize 3rd…
OPERATIONS OVERVIEW SHIFTING TO MIDDLE MONTNEY LIQUIDS Deep Liquids-Rich Inventory (1)(2)(3) Booked Undeveloped Unbooked Upside Progress TOTAL future location inventory Glacier 1,200 to 1,400 590 Valhalla 61 215 188 129…
PIPESTONE/WEMBLEY LIQUIDS RICH DEVELOPMENT Pipestone The premium condensate play in Canada BBI 32 net sections CNQ Recent M&A land values exceeding 4.5 million per section ECA 42 wells planned from 2019 to 2021 (4) Kelt Inventory…
VALHALLA LIQUIDS DEVELOPMENT ADVANCING Industry results in Middle Montney have proven ultra-rich condensate on offsetting lands AAV Liquids Handling Hub Testing of 2 wells underway, 5 wells to be completed by Q3 Competitor well…
LIQUIDS-RICH MIDDLE MONTNEY AT GLACIER STEPPING UP Early development was in Upper and Lower Only 41 Middle Montney Montney drills to date Recent focus on Middle Montney, where liquids range from 25 to 80 bbls/mmcf 90 net sections…
STRATEGIC INFRASTRUCTURE CONTROL, FLEXIBLE PIPELINE ACCESS 100% Owned Glacier Gas Plant 400 mmcf/d Raw Gas + 6,800 bbls/d C3+ Liquids Extraction Advantage Gas Plant Alliance Sales Gas Line Liquids Handling Hub Pembina NGL…
COMMITMENT TO ENVIRONMENTAL LEADERSHIP CO2 Sequestration Credits (tonnes CO2e) Flared Volumes as percent of Production 90,367 34% 30% 22% 57,410 56,999 14% 47,393 40,853 2014 2015 2016 2017 2018 2015 2016 2017 2018…
2019-2021 DEVELOPMENT PLAN AS AT NOVEMBER 2018 (1) Guidance and Estimates (2)(3) 2019 Guidance 2020 Estimate 2021 Estimate Average production (boe/day) 43,500 - 46,500 47,850 52,300 Gas production (mmcf/d) 244 to 260 245 246 Liquids…
THREE YEAR DEVELOPMENT PLAN STRENGTHENING FOUNDATION (1) Total Production (boe/d) Liquids Production and 14,000 bbls/d Composition (bbls/d) Exit 9% 52,300 11,370 6% 47,850 45,000 62% 22% 7% 15% 7,000 125% 81% C5+ 3,100 80%…
NET CAPITAL EXPENDITURES FOCUSED ON DRILLING (1)(2) 2019 Capital By Area 2019-2021 Total Capital By Area Other Other Progress 6% 5% 200 Progress 7% 665 million 3% million Glacier 29% Glacier Wembley 47% 26% Wembley 49%…
DEVELOPMENT PLAN PRICE SENSITIVITY - MANAGING VOLATILITY(1) Total Debt to Trailing Adjusted Funds Total Debt to Trailing Adjusted Funds Flow Sensitivity(1) Flow Sensitivity(1) AECO 1.30/mcf AECO 1.50/mcf AECO 1.70/mcf WTI US50.00/bbl…
2019 BUDGET RETAINS CAPITAL FLEXIBILITY(1) Advantage has flexibility with minimal impact on to preserve a strong to defer 100 million of 2019 estimated production balance sheet if prices 2019 capital spending remain below forecast.…
GLACIER LOCATED IN THE HEART OF THE MONTNEY RESOURCE PLAY Glacier Pipestone Liquids Fairway Montney Siltstone Comparison: Source: Geoscout, Corporate Presentations 700 times more permeability 4x more formation thickness…
CONTINUOUS IMPROVEMENT HAS LED TO EXCEPTIONAL EFFICIENCIES Production restrictions 20
MIDDLE MONTNEY PRODUCTION CONTINUES TO INCREASE 2018 6 wells Gen 6: Slickwater, OH Packers, Stage 2015+ Middle Montney wells with frac design changes completions Avg 34 frac stages including 20 frac stages & numerous mechanical…
GLACIER MONTNEY ASSIGNED 2P EUR PER WELL & INTERVAL Glacier - 2P Recoveries per Interval(1) of Gross HZ Wells 2P Recovery [bcf/well] Developed Undeveloped Total Developed Undeveloped Total Interval YE YE YE YE YE YE YE YE YE YE YE…
WEMBLEY MONTNEY ASSIGNED 2P EUR PER WELL & INTERVAL Wembley Montney Assigned 2P EUR Per Well & Interval(1) of Gross HZ Wells 2P Gas & Free Liquids Recovery [bcf/well mstb/well] Interval Developed Undeveloped Total Developed…
ADVANTAGE CONTACT INFORMATION Investor Relations 1.866.393.0393 iradvantageog.com www.advantageog.com Listed on TSX: AAV Advantage Oil & Gas Ltd. Suite 300, 440 2nd Avenue SW Calgary, Alberta T2P 5E9 Main: 403.718.8000…
Loading...
