Focusing on Adjusted Funds Flow Per Share Growth - in Any Environment Investor Presentation TSX: AAV January 2020
ADVANTAGE AT A GLANCE TSX 52-week trading range 1.35 to 2.94 Shares Outstanding (basic) 187 million Market Capitalization 0.5 billion Enterprise Value 0.8 billion Advantage Montney 2020 Guidance (1) Assets Capital 170 to 200…
2020 - ADVANCING LIGHT OIL WITH A SOLID NATURAL GAS FOUNDATION High Quality Prolific Gas Low-Cost Owned Disciplined Financial Light Oil Foundation Infrastructure Management Deep inventory of high Foundation of free cash…
SHAREHOLDER-FOCUSED STRATEGY FOR THE NEW ENERGY MARKET Tactical Elements Relentless Focus on Asset Quality and Cost Clean, sustainable energy Structure High quality light oil Deliver Deep Prolific gas foundation…
CANADA LEADING JURISDICTION FOR RESPONSIBLE ENERGY INVESTMENT A Proud Clean Energy Producer The World Needs More of Our Energy Aggregate Independent ESG Scores Clean, sustainable energy Sources: ESG Scores are aggregation of…
ENVIRONMENTAL LEADERSHIP AND SUSTAINABILITY Glacier CO2 Sequestration Project Non-Producing Wells vs LMR(2) Non-Producing Net Wells (AIF 2018) (tonnes CO2e accredited) 5,000 90,367 90,000 tonnes CO2e equates to 4,000 Ultra-low…
2020: 200% LIQUIDS PRODUCTION GROWTH(1), BALANCED PROFILE 6 miles Clean, sustainable energy Progress State of the art emissions engineering High quality light oil Glacier Exit liquids rate 9,000 bbls/d Prolific gas…
ADVANTAGE MONTNEY MULTIZONE OIL, LIQUIDS AND GAS THROUGHOUT Wembley primary target Valhalla liquids appraisal targets Glacier liquids zones New oil pool discovery Clean, sustainable energy High quality light oil…
DEVELOPMENT POST LIGHT OIL DISCOVERY AT PROGRESS Kelt Oil Wells Up to 153,000 bbls CTD Tourmaline Oil Wells 2020 spending 75 million Up to 152,000 bbls CTD 13-31 Montney D1 (2017) Recent advancement in frac design at 16-36…
PIPESTONE/WEMBLEY/VALHALLA OIL AND LIQUIDS DEVELOPMENT 2020 spending 60 million Recently completed D3 Well 30% liquids (IP30) Wembley: predictable, top tier results across the fairway (150- 300 bbls/mmcf) Valhalla Valhalla:…
LIQUIDS-RICH MIDDLE MONTNEY AT GLACIER STEPPING UP 2020 spending 35 million Early development was in Upper and Lower Montney; ultra-low cost lean gas with resilient netbacks Recent focus on Middle Montney (25-80 bbls/mmcf) IP30…
STRATEGIC INFRASTRUCTURE CONTROL, FLEXIBLE PIPELINE ACCESS 100% Owned Glacier Gas Plant TCPL Groundbirch Lateral BC AB Advantage Glacier Gas Plant AAV Progress Liquids Hub 5,000 bbls/d Q4-2020 400 mmcf/d + 6,800 bbl/d…
2020 BUDGET AND GUIDANCE (1)(2) Average production (boe/day) 45,000 to 47,500 Gas production (mmcf/d) 234 to 245 Liquids production (bbls/d) 6,000 to 6,700 % Oil and Liquids 13% Royalty Rate (%) 3% to 5% Operating Expense (/boe)…
LIQUIDS DEVELOPMENT FOCUSING ON RETURNS, DIVERSIFYING REVENUE(1) Corporate Revenue Composition Transition to 50% liquids revenue 18% Mid to Long term Double digit Adjusted Funds Flow (AFF) per 38% Oil/Liquids 9% 46% share growth &…
NATURAL GAS MARKET DIVERSIFICATION 27 MMcf/d of TC Prairie Mainline to Nov 2032 Clean, sustainable energy High quality light oil Prolific gas foundation Low cost owned infrastructure Up to 75 MMcf/d of Resilient in all…