NuVista Snapshot NuVista Corporate Info TSX Trading Symbol: NVA Market Capitalization: 600 million Basic Shares Outstanding: 225 million Credit Facility Capacity: 500 million NuVista Wapiti Percent Drawn(1): 68% Montney Project…
Montney In The Right Neighborhood Condensate-Rich Montney Industry Growth Continues Wembley to Kakwa Montney HZ Activity Update High level of industry activity continues 1,300 Industry Montney HZ wells drilled to date Montney gas…
Built-in Control and Flexibility Value Creation Remains Top-Priority Pure-Play Montney Company In The Right Neighborhood Clear Line-of-Sight to 110,000 Boe/d but Optionality to flatten at 68,000 Boe/d in 2021-2022…
Thoughtfully Measured & Self-Funded Growth Maximum Shareholder Value derives from measured growth to our 2021 Minimum Volume Commitments followed by flexibility to flatten for FCF Generation +10-15% Prod/Share Growth while Capital…
Capital Expenditure Highlights Maintaining Maximum Near-term Flexibility While Growing 10-15+% per year 2019 Capex Breakdown 2019 Drilling Gantt Chart 2019 2020 Significant H219 25M flexibility to dial down RIG 1 capital…
Building on Solid Foundation Free Funds Flow Generation as early as 2021-2022 Near-Term Target Adjusted Funds Flow less Capex at Near-Term Target Optional Future Variable Base Free Funds Flow Impact 2022 Minimum Full-Field Target…
Optional Line-of-Sight 68,000 - 110,000+ Boe/d Four Development Blocks Established Gold Creek and Pipestone South Ramping up in 2019 Pipestone Infrastructure PiestoneAgreements in Place Gold Creek On Production Compressor station…
Stratigraphy & Well Placement Reserves Booked in only 1-2 Layers Across our Lands Material Future Upside Remains Pipestone Pipestone 5 % Gas Filled North area has Pipestone Porosity four well Elmworth South Gold Creek developed…
Development Underpinned by Robust Established and Emerging Inventory Montney 'A' Reserves & Resource Montney 'B' Reserves & Resource Montney 'C' Reserves & Resource Montney 'D' Reserves & Resource Montney Wells Montney Wells Montney…
Bilbo Development Block Generating Excess Cash & Significant Remaining Inventory Bilbo Activity and Reserves & Resource Bilbo Sales Production Cumulative-to-Date 20 Bbls/MMcf Sales Gas NGL's C5+ 5-Well Pad On Prod C5+ IP90 data…
Bilbo Cube Development Lower Montney & Montney C Wells Exhibit Strong Performance Cumulative Condensate Production vs Time Q417 On-stream Two Infill 'C' Wells Bilbo Avg Delineation Avg New Montney C Wells Lower Montney Wells Q119…
Lower Montney Activity Update 26 wells and countingencouraging results from NVA, POU and VII Raw Gas Cum Time Plot 1400 Recent NVA Lwr Montney wells are NVA 11-18 SCL 6-20 NVA 11-18 1200 Cumulative Gas Production (MMcf)…
Bilbo Development Block First-Year Capital Efficiency & Capital Returned Strong Condensate Yields Driving Cash Generation Bilbo Capital Efficiency per Well(1) Bilbo First Year Bilbo IP360 Capital Returned(2) Capital Returned IP360…
Elmworth Development Block Significant New Results Hi-Fi Coming Through Elmworth Activity Elmworth Sales Production Q419/Q120 Activity Focused 18 on Higher CGR area IP360 Cumulative-to-Date Bbls/MMcf Sales Gas NGL's C5+ CGR 85…
Elmworth Development Block First-Year Capital Efficiency & Capital Returned Improving Capital Efficiencies Driving Payouts toward One Year Elmworth Capital Efficiency per Well(1) Elmworth Elmworth First Year Capital IP360 Capital…
Gold Creek Development Block New ERH and Hi-Fi Wells off to a Strong Start Activity and Infrastructure Gold Creek Sales Production 8 NVA Montney New IP30's Sales Gas NGL's C5+ NVA In-Progress Wells 7 Cumulative-to-Date Bbls/MMcf…
Pipestone Development Block Solid Production Base On-track for a Q419 Ramp-up Activity and Infrastructure Pipestone Highlights Montney 'D' Hz Wells Up to 4 Developable layers All have been proven productive on or adjacent to NVA…
Multiple Existing and Future Processing Options NuVista Existing Gas Plants Wembley NuVista Ownership NuVista Firm Excess Capacity Facility or Firm Capacity In Downstream Available Place Capacity Keyera Pipestone SemCAMS K3…
Market Egress Plan Capacity Secured Near-Term 2021 Production Target of 68,000 Boe/d then complete optionality for Free Funds Flow Generation or Growth Thereafter Well over 110,000 Boe/d Montney Well Inventory Potential 600 Three…
Committed to Environmental, Social and Governance (ESG) Performance ENVIRONMENTAL SOCIAL GOVERNANCE Canada and Alberta have among the Safety is our priority. Our HSE Policy Sound corporate governance is most stringent regulatory…
Safety and Environment Important aspects of ESG NVA is proud and Canada should be proud of its industry record of corporate responsibility versus other countries Total Annual Greenhouse Emissions & Intensity are Way Down NuVista GHG…
Natural Gas Sales Points Q2 2019 Diversification Counts Net Revenue by Product & Gas Sales Point(1,2) Grande Prairie 2% 3% AECO 1% 0% 1.17 2.10 17% 2.42 2.24 3% Dawn 3.14 74% Malin Chicago 2.92 3.29 Chicago Nat Gas…
Commodity Price Risk Management Continuing Rolling Hedging Program Crude Oil Hedge Position 12,000 90.00 10,000 85.00 Hedged Volume, Bbl/d 8,000 80.00 Price, C/Bbl Floor C WTI price of 6,000 75.00 79.60/Bbl on 65% of…
Market Egress Plan In-Place Natural Gas Price Diversification NuVista has contracted for firm transportation on export pipelines to diversify pricing exposure We continue to evaluate future opportunities for diversification…
NuVista Operating Results 2019 Guidance & Actuals Recap Corporate Production (Boe/d) Actual Production Guidance Wapiti Montney Other Properties (Boe/d) (Boe/d) 60,000 49,060 50,391 Q1 '19 43,839 43,000 - 46,000 50,000 43,839…
Built-in Control and Flexibility Value Creation Remains Top-Priority Pure-Play Montney Company In The Right Neighborhood Clear Line-of-Sight to 110,000 Boe/d but Optionality to flatten at 68,000 in 2021-2022 Wellhead-to-Market…
Advisory Regarding Oil and Gas Information ADVISORY REGARDING OIL AND GAS INFORMATION The reserves estimates presented herein have been evaluated by independent qualified reserves evaluator in accordance with NI 51- 101 and the…
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