The World Needs Canadian Energy to Fuel the Future Growth in Energy Demand (2018 2040) Canadas oil and natural gas sector believes that climate change will only be effective if action is -22% taken both domestically and globally…
Corporate Identity A CANADIAN COMPANY, PROUDLY AND EXPERIENCED RESPONSIBLY PROVIDING ENERGY TO CANADIANS FOR 23 YEARS. STRATEGICALLY OPERATING IN TWO UNIQUE CORE AREAS OFFERING EFFICIENT INVESTMENT FLEXIBILITY AND CONTINUED…
Experienced and Committed 23 Years Operating in Western Canada years more than 25 average management industry experience 3,000 wells drilled in the WCSB 23 Years Supporting the Canadian Economy 9 2,300 more million than…
Executing with Environmental Responsibility Greenhouse Gas Emissions Energy Consumption Methane Emissions 1,200 10 22 Thousands Thousands Thousands GJs/year Tonnes CH4/year Tonnes (CO2e) 1,100 1,000 34 %…
Committed to Asset Retirement Obligations (ARO) 2010 - 2019: A decade of executing our business plan responsibly 3.3 billion E&D 50 million future liabilities created 198 million directed to retiring capital expenditures with 3.3bn…
2020 Philosophy Consistent Performance Improvement 2016-19 2020* reduced net debt* by 8% maintained PDP reserves while spending only Enhance Sustainability 85% of adjusted funds flow* debt reduction improved 3-year PDP FD&A* by…
Response to Current Crisis Adjusting 2020 plans* Reduce & Capital spending deferrals 25-27 million defer expenditures Operating expense reductions 16-18 million 45-50 million G&A cost reductions 4-5 million * Refer to…
Concentrated Quality Asset Portfolio More than a pure play - two core areas add capital allocation flexibility ALBERTA Deep West 2020 Q1 Basin Central Production (boe/d) 18,653 45,645 Liquids and Oil (% of total production) 11%…
Enhancing Asset Value in West Central Reliable, sustainable liquids rich resource in West Central core area 50,000 45,000 Stable production base declining at 22% 40,000 Abundant access to egress for all products Production…
Reflection on Our Q4 2019 Synergistic Acquisition Q1 2020 Production Operating Expenses Q1 2020 Improved over prior year 2020* 8,625 boe/d 5% 9.44 21% 8.00 - 8.50 higher than /boe /boe March exit rate of 8,900 boe/d forecast…
Enhancing Asset Quality in West Central 2020 Focus on Strachan Glauc R7W5 Q1 2020 Wells Drilled two, 1.5 mile wells in Q1 2020 with plans to complete in 3Q* T38 Average Production per well (4 wells drilled in sections 7 &…
Enhancing Asset Quality in Deep Basin Infrastructure ownership enhances sustainability R21 R19 R17 R15 T57 Owned and operated infrastructure in place, capable of Pine Creek processing 275 mmcf/d Ansell Operating Area 2015 2019…
Enhancing Asset Quality in Deep Basin 2020 Focus on Notikewin R19 2020 plans* include two (2.0 net) Notikewin wells Drill & Complete Cost 2P Reserves Lateral Length Two Wells (Avg per well, millions) (Avg per well, mcfe) (Avg per…
2020 Q1 Results Production Expenses total Cash Costs* Operating Expenses Net Capital Expenses* 66,805 67% 9.75 6.03 34.5 boe/d Natural Gas /boe /boe million Wells Drilled Retire Inactive Liabilities 5 Glauconite Gross 8…
2020* Guidance Production E&D Expenditures Debt Repayment total total total 61 - 64 85 - 95 10 - 20 mboe/d million million E&D expenditures range fall within 2019 actuals 2019 actuals forecasted adjusted funds flow 63.4…
Corporate Strategy in Uncertain Macro Environment Enhance Debt margins and reduction efficiencies Enhance Notwithstanding current commodity price sustainability crisis, sustainable asset portfolio will generate excess…
APPENDIX www.bonavistaenergy.com TSX: BNP 20
2019 Performance 2019 Reserve growth in quality and quantity while spending within AFF* Natural Gas Reserve Category* Natural Gas Oil Total Percent Gas Liquids (Bcf) (Mbbls) (Mbbls) (Mboe) (%) Maintained 2018 609 3,713 43,415…
2019 Performance Enhanced quality of asset portfolio with both E&D and A&D activity Support Capital* December, 2019 2P Reserves 2P BTNPV10 20% Production Additions* (GLJ Jan 1, 2020) 26% (boe/d) (mboe) A&D 6,460 boe/d 35.6 mboe…
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 24
CONTACT US Phone: (403) 213-4300 Email: investor.relationsbonavistaenergy.com ADDRESS 1500, 525 8th Ave. SW Calgary, Alberta T2P 1G1 REGISTRAR AND TRANSFER AGENT Odyssey Trust Calgary, Alberta STOCK EXCHANGE LISTING The Toronto Stock…
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