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December 2019 Corporate Presentation – Frontera Energy Corp.

Frontera Energy Corp. · Dec 5, 2019 · 32 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 1
    Sustainable Production with Exploration Focused Growth December 2019
  2. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 2
    Company Overview
  3. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 3
    Frontera Energy North Andean Focus GUYANA 4
  4. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 4
    Frontera Energy Company Snapshot Q3 2019 Production Mix Capital Structure (U.S.) (1) Shares Outstanding (TSX: FEC; MM) 97 Natural Gas Market Cap (MM)(2) 695 3% Heavy Oil Total Cash(3) /Cash and Cash Equivalents (MM) 442 / 314…
  5. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 5
    2020 Guidance Cost Reductions, Strong EBITDA, Stable Capex and Production 2019 Revised 2019 Guidance 2020 Guidance Guidance Operating EBITDA(1) (MM) 400 to 450 525 to 575 400 to 450 Capital Expenditures(2) (MM) 325 to 375 325 to 375…
  6. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 6
    EBITDA Sensitivities to 2020 Guidance (Brent 60/bbl) 2020 Operating EBITDA Guidance of 400-450 Million Production Cost (/boe) +1.0/boe (23) 23 (1.0)/boe Transportation Cost (/boe) +1.0/boe (21) 21 (1.0)/boe Oil Price…
  7. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 7
    Sustained Production, Strong EBITDA, Lower Costs Stable Sustaining Capex with Exploration Growth Upside Daily Production, before royalties (Boe/d) Operating EBITDA and Capex (MM) 80,000 600 70,000 500 (1) 60,000 400 50,000…
  8. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 8
    Company Strategy Sustaining Base Production for the Next Three to Five Years from Core Assets, Developing Growth Initiatives, Optimizing Cash Generation and Shareholder Returns Core Portfolio of Stable Assets with Growth Options in…
  9. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 9
    Core Assets Deliver Stable Base Production, Exploration Drive Growth Five Year Production Profile from Restructuring Transition to Growth Frontera Daily Production (before royalties Boe/d) In the Portfolio Future Opportunities…
  10. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 10
    Our Portfolio Large Diversified Asset Base with Significant Acreage and Infrastructure CORE Quifa Guatiqua Cubiro CPE-6 SUSTAINING Z-1 (Peru) Near field exploration on existing producing blocks GROWTH Colombia…
  11. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 11
    Balance Sheet Strength Strong Cash Position, Low Leverage Ratios Balance Sheet Metrics September 30, 2019 Total Cash(1)/Cash and Cash Equivalents (MM) 442 / 314 Net Debt/EBITDA(2) 0.1x Debt to Book Capitalization(3) 23% Interest…
  12. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 12
    Corporate Responsibility and Partner of Choice Committed to Sustainable Operations Sustainability & Shared Value Model Frontera continues to implement its social investment framework in a manner that encourages local community…
  13. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 13
    Core Assets
  14. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 14
    Quifa: Cornerstone of Heavy Oil Production Stable Production at 27,000 bbl/d for Five Years Recent Exploration Discoveries Reserves Balances: As of December 31, 2018 (before/after royalties) 1P: 45.0/38.6 MMbbl 2P: 56.8/48.4…
  15. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 15
    Hamaca Field (CPE-6) Large Oil In Place, Reserves, Production Upside 2018 Reserves Balance (before/after royalties) 1P: 21.6/21.6 MMbbl 2P: 27.4/27.4 MMbbl 190 wells for a 5 Mbbl/d and 250 Mbbl/d of water plateau Key 2019…
  16. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 16
    Guatiqua: Building on Deep Llanos Success Stable Production at 15,000 bbl/d for Three Years Key Activities: Three development wells in 2019 Cocodrilo exploration upside Potential expansion of Yatay field Key Characteristics: High…
  17. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 17
    Cubiro: Additional Light Oil Potential Waterflood to Increase Production and Recovery Efficiency Key 2019 Activities: Four development wells One water injector well Key Features: Potential production growth during the next two to…
  18. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 18
    Sustaining & Growth Assets
  19. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 19
    Lower Magdalena Valley Oil, Natural Gas and Liquids Opportunities Two exploration wells, one development well and workovers targeting bypassed pay planned in the next 12 months La Creciente gas plant has capacity for 100 mmcf/d of…
  20. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 20
    Guyana Exciting Exploration Opportunities Over 1.8 million gross acres in the hottest offshore exploration basin in the world Two well commitment plus a two well option, total capital estimated at less than 50 million net to…
  21. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 21
    Ecuador: Intracampos Exploration Bid Round Awarded the Perico and Espejo Blocks (Frontera 50% / GeoPark 50%) Four year exploration term with two year extension Proven hydrocarbon basin near existing production and infrastructure…
  22. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 22
    Peru Potential for New Contract & Shallow Offshore Exploration Block 192 Production inconsistent resulting from periodic NorPeruano pipeline integrity issues and community disruptions During periods of operation, production steady…
  23. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 23
    Realizing Value from Non-Core Assets Port and Pipeline Infrastructure 1) ODL Pipeline 3) Puerto Baha 21% Net Equity Interest(1) 39% Indirect Equity Interest(2) Greenfield liquids import-export terminal with 2.4 MMbbl of Transports…
  24. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 24
    Investment Opportunity Enhancing the Portfolio Experienced, Focused asset 97% oil weighted technically- Partner of base in North with Brent price focused exposure Choice Andean Region management team in place Strong balance…
  25. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 25
    Appendix
  26. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 26
    Third Quarter 2019 Operational & Financial Highlights Strong Operating EBITDA and Improving Cost Structure Price / Revenue / Production Q3 2019 Q3 2018 % Chg. Brent oil prices decreased 18% year-over-year to 62.03/bbl. Production…
  27. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 27
    Realizing Value from Non-Core Assets Financial Information Nine months ended (M) FY2018 YTD2019 (M) September 30, Dividends Receivable 2018 2019 ODL 9,047 0 Dividends received from associates Bicentenario 14,447 36,878 ODL(1)…
  28. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 28
    2018 Reserves Evaluation Results Replaced 103% of 2018 Production and Strong 2P NPV10 Value 2P Net Reserves - MMBOE NPV by Category 10% (MMUSD) 175 25 -24 3,000 150 2,523 2,500 125 2,206 1,932 587 2,000 1,918 100 402 778 566 714…
  29. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 29
    Frontera Offers Deep Value Following Restructuring Improved Liquidity Driven by Index Inclusion and Share Buybacks Enterprise Value (US)/2019 Guidance (Boe/d)(1) Enterprise Value (US)/2P Reserves (2018) (1) 50,000 18 45,000 16…
  30. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 30
    Proven Management Team Proven Leadership with Global Experience Over 36 years of experience with major international oil & gas companies, including BP, Talisman Energy, and Richard Herbert Phillips Petroleum CEO Responsible for…
  31. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 31
    Independent Board of Directors Engaged and Active in Unlocking Shareholder Value Gabriel de Alba Managing Director and Partner of The Catalyst Capital Group Inc. Chairman International experience restructuring public and private…
  32. December 2019 Corporate Presentation – Frontera Energy Corp. – slide 32
    INVESTOR RELATIONS CONTACT: Grayson M. Andersen Corporate Vice President, Capital Markets Calle 110, No 9 25, Piso 16 Bogota, DC, Colombia +57 (314) 250-1467 gandersenfronteraenergy.ca irfronteraenergy.ca

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