CANADA LOST OUR MOJO The Canadian dream is about opportunity. The opportunity to provide for one's family and to make a comfortable life. 2
IN SEARCH OF THE CANADIAN DREAM Grandfather Emigrated 1906 Believed abundance of natural resources would be good for business & prosperity Wanted Everyone to do well so he could set roots in Canada 3
FIGHT TO KEEP THE CANADIAN DREAM ALIVE ADVOCACY FOR OIL & GAS NEEDS CONTINUING STRONG VOICE, SUPPORT ALL OUR BUSINESS SECTORS 4
SOMETIMES IT FEELS LIKE THIS AVENGERS OIL & GAS SECTOR END GAME 5
AAV CLEAR LINE OF SIGHT DESPITE HEADWINDS Bill 69 Pipelines & Egress Bill 48 Methane Taxes Consultation Circus Approval Delays Tanker Bans Vision Political Wavering End of World Plan NIABY Carbon Taxes Value 6
BUILDING ON FOUNDATIONAL ASSETS, TRANSITION TO TOP-TIER LIQUIDS Solid Today Solid Tomorrow Reinvest in Our High Return Free Cash Generating Asset Liquids Assets Retain Competitive Edge with Ultra-Low Costs Commanding…
LIQUIDS DEVELOPMENT PROGRAM DIVERSIFY & ENHANCE REVENUE STREAMS Revenue Diversification (1) 50% Liquids/50% Natural Gas (50% Liquids) Revenue 2021 Creates 3 significant cash generating 21% assets (Glacier, Wembley, Valhalla) 40%…
DEVELOPMENT READY LIQUIDS ASSETS & SIGNIFICANT WELL INVENTORY Deep Liquids-Rich Inventory (1)(2)(3) Booked Undeveloped Unbooked Upside Progress TOTAL future location inventory Glacier to Pipestone 1,300 to 1,400 Glacier Liquids…
LIQUIDS DEVELOPMENT PLAN ENHANCES VALUE Liquids Production and % C5+/Oil (bbls/d) 10,500 to Value Enhancement (1) 11,500 Double digit increase in Operating 6,500 to 7,500 Netback/boe 2,900 to 3,200 78% Double digit Adjusted…
DEVELOPMENT PLAN ALIGNS WITH MAJOR WCSB DEVELOPMENTS Natural Gas Fired Power NGTL Expansions Generation growing 2021 (3.1 Bcf/d total) Petro-Chemical Projects Mainline to Eastern 2023+ (NGLs) Western Canada/U.S. U.S. LNG…
ENERGY DEMAND RISING, SUPPLY COSTS WILL RISE TOO Supports Condensate/NGLs Demand China LNG Demand Forecast Sailing Stone Capital, March 2019 White Paper Series, Shale Gas Inventory The consensus view regarding the outlook for…
COMMITTED TO ENVIRONMENTAL LEADERSHIP CO2 Sequestration Credits (tonnes CO2e) Plant Flared Volumes as percent of Production 90,367 90,000 CO2e equates to approx. 0.34% 0.30% 20,000 vehicles (1) 0.22% 57,410 56,999 47,393…
ADVOCACY, COMMUNITY SUPPORT, PROUD OF OUR BUSINESS Valhalla School Lunch Program 14
Thanks to Our People, Board of Directors & Shareholders
ADVISORY Oil and Gas Information Barrels of oil equivalent (boe) and thousand cubic feet of natural gas equivalent (mcfe) may be misleading, particularly if used in isolation. Boe and mcfe conversion ratios have been calculated using a…
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