Corporate Strategy Global Energy Consumption Consistently Rises With Diverse Fuel Choices Global Energy Consumption Energy Consumption by Type & Region (2018) 5990 2830 2050 930 900 700 460 mtoe mtoe mtoe mtoe mtoe mtoe mtoe…
Corporate Strategy World Global demand for energy will increase by more than 25% by 2040 Energy Outlook Natural gas demand is projected to increase by more than 40% over 2018 levels in 16 years Global energy demand Global demand…
Corporate Strategy Significant Canadian Resources Available at Shorter Distances to Protect Our Global Climate Global LNG Supply-Demand Balance 650 600 New LNG supply needed 550 280 mmtpa from 2022 165 mmtpa 500 55…
Corporate Strategy Canada - A Leader in Lower Emissions Global CO2 Emissions - 2018 Upstream Oil & Natural Gas GHG Emissions in Canada (mtCO2e) Canadian 90 conventional oil & natural 85 gas accounts for 0.16% 80 of global…
Corporate Strategy Leader in Environmental Regulation and Compliance How comprehensive are the environmental laws Australia Canada(Alberta) Canada (Alberta) USA (North Dakota) USA (Gulf Coast) Brazil UK Norway Ghana Since…
Corporate Strategy The worlds appetite for energy is escalating*. the world needs Energy produced the Canadian way is world class. We expect regulation and oversight. We more balance responsible resource development with the…
Corporate Identity A CANADIAN COMPANY, PROUDLY AND EXPERIENCED RESPONSIBLY DEVELOPING CANADIAN NATURAL RESOURCES FOR 21 YEARS. STRATEGICALLY OPERATING IN TWO UNIQUE CORE AREAS OFFERING EFFICIENT INVESTMENT FLEXIBILITY AND…
Experienced and Committed 22 Years of Operating in Western Canada more than 25 years senior managers average industry experience 3,000 wells drilled in the WCSB 22 Years Supporting the Canadian Economy 9 more…
Executing with Incremental Efficiency Continuous improvements in reserve addition costs has enhanced net asset value 2P FD&A* 3-year Cash Costs weighted costs (/boe) 3-year trailing* (/boe) Net Asset Value 12.00 18.00 12.00 3.00…
Executing with Environmental Responsibility Greenhouse Gas Emissions Energy Consumption Methane Emissions 1,400 85 30 Thousands Thousands Thousands Tonnes CH4/year GJs/year Tonnes (CO2e) 1,300 80 27 1,200 1,100…
2019 Philosophy Proven Sustainability 1,500 80,000 70,000 underspent cash flow from op. activities by 47% 2015 -18 1,200 60,000 reduced net debt* by 475 million Production (boe/d) improved 3-year FD&A* by 54% to…
2019 Priorities SUSTAINABILITY LONG-TERM VALUE optimizing operating consistently elevating netback and adjusted asset quality with precise funds flow to improve execution and strategic financial flexibility and resource capture…
Natural Gas Revenue Diversity and Certainty 2019* % of Natural Gas Volumes AECO Exposed to AECO Spot 4.13/mcf Pricing* Dawn 21% 100% 90% 3.87 /mcf 80% 70% 60% 70% 50% 40% 30% 20% AECO 10% 2.16 0% /mcf 2020 2021…
2019 Q2 Results Q2 2019 operating and financial results Production total % oil & natural gas liquids 61,186 28% Financial Highlights boe/d 40.5 million adjusted funds flow* Expenses Cash Costs* Operating Expenses 0.15 per…
Concentrated Quality Asset Portfolio More than a pure play - two core areas add capital allocation flexibility ALBERTA Deep West 2019 Q2 Basin Central Production (boe/d) 23,429 35,623 Liquids and Oil (% of total production) 13%…
Enhancing Asset Quality in West Central Large, liquids rich resource in the Glauconite Predictable, reliable results with ten years of experience, drilling over 350 horizontal wells. R9 R8 R7 R6 R5 R4 R3W5 Expanding opportunity in…
Enhancing Asset Quality in Deep Basin Execution excellence enhances sustainability R21 R19 R17 R15 Owned and operated infrastructure in place, capable of T57 processing 275 mmcf/d Ansell Operating Area 2015 2018 % Average AECO…
Enhancing Asset Quality in Duvernay Growth in this Emerging Resource Play Duvernay Total Production (boe/d) (well count, ) West 120,000 Production has Production (boe/d) Well Count 1,000 Shale 100,000 doubled in the 800 Basin…
Enhancing Asset Quality in Duvernay Two well pad Bonavista has over 131,000 acres of prospective Duvernay lands licensed June 2019 BNP H2 2019 location Two wells recently on * production at 1,033 bbl/d and 945 bbl/d of liquids…
2019 Guidance production adjusted funds flow* 170 - 200 65,000 ( millions) 69,000 E&D spending (boe/d) 130 - 170 Drill ( millions) Net debt reduction* 22 30 20 - 40 70% natural gas gross wells 30% natural gas liquids…
APPENDIX www.bonavistaenergy.com TSX: BNP 24
2018 Performance 2018 Reserve growth in quality and quantity, notwithstanding moderate spending Natural Reserve Natural Percent 2P BT Oil Gas Total Category* Gas Gas NPV10 Liquids REPLACED of 2018 (Bcf) 184 total (Mbbls)…
2018 Performance Sustainable asset base supports strengthening our financial position 50% of AFF Invested Stable Production Enhanced Financial Flexibility 80,000 40,000 75,000 75,000 70,000 35,000 70,000 70,000 60,000 65,000…
2018 Performance Strategic A&D activity enhanced quality of asset portfolio Edmonton West Central Net property acquisitions and dispositions of 6.0 million Material assets acquired in West Central: +402 boe/d production 3…
Strengthen Financial Position Debt structure maturity and F/X hedging profile 180 160 Next maturity November, 140 2020 Bank credit facility - 500 million CDN 120 Bank credit facility, matures September 10, 2021 8 Canadian…
Sustainable Energy Future Sustainable growth includes reducing footprint TOP TIER PIPELINE RECORD 1.2 1,200 5.0 9,000 1.8 4.0 8,000 1.6 1.1 1,160 4.0 7,000 1.4 REDUCING EMISSIONS LESS ARO LIABILITIES 3.0 C02e (MM…
ADVISORIES www.bonavistaenergy.com TSX: BNP 30
CONTACT US Phone: (403) 213-4300 Email: investor.relationsbonavistaenergy.com ADDRESS 1500, 525 8th Ave. SW Calgary, Alberta T2P 1G1 REGISTRAR AND TRANSFER AGENT Computershare Trust Company of Canada Calgary, Alberta STOCK EXCHANGE…
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