Corporate Snapshot Financial TSX: BNE Common Shares Outstanding 33.3 million Insider Ownership 15% Current Monthly…
Consistent Strategy Bonterras focus will remain on generating strong, sustainable free cash flow which can be directed to debt reduction and capital spending when supported by commodity prices DISCRETIONARY As debt is reduced, focus…
Fundamentals Support Stability Bonterras proven track record has been built on a model of generating long-term, sustainable value through disciplined capital allocation aligned with prevailing commodity prices Concentrated Asset…
Timely Reaction to Macro Conditions WTI Price Performance Since January 1, 2020 Key Events WTI (US/bbl) A Jan 31 China announces over 10,000 COVID-19 cases 75.00 Bonterra events Bonterra announces 2020E capital budget, B Feb 12…
Responding to the Current Environment COVID-19, oil price collapse, and uncertain future required Bonterra to pivot quickly, positioning to weather the storm while maintaining our commitment to our stakeholders Balancing people and…
Strong Pre-COVID-19 Viability Bonterras low decline asset base is well positioned for an oil price recovery 2020E Decline Rate (%) (1) 2020E Total Payout Ratio (%) (1)(2) Company A 11% Bonterra 76% Bonterra 22% Company F 83%…
Long-Term Opportunities in the Cardium Concentrated assets in the Pembina Cardium oil pool support efficient operations and offer exposure to significant upside through a large inventory of low-risk, highly economic undrilled locations…
Pembina Cardium Features Original Oil in Place per Section Recovery Factor 0 to 5,000 Mbbl 0% 5,000 to 10,000 Mbbl 5% 10,000 to 20,000 Mbbl 10% 20,000 to 25,000 Mbbl 15% 25,000+ Mbbl 20% 25% Pembina is the largest…
Pembina Cardium Geology Shale Conglomerate Sandstone Bioturbated Mudstone Sandstone Shale Interbedded sandstone and shale with local conglomerate and prevalent underlying low permeability bioturbated mudstone…
Average BNE Cardium Economics Cardium wells are repeatable, predictable and generate strong returns even in a weak commodity price environment Reserves per well (MBOE) 165 IP (12 months) (boe/d) 111 BNE Type Curve: Full Cycle…
2020 - Taking Steps to Preserve Value 2.5 million improvement in 2020 Net Operating Income projected with a pragmatic approach to shut-in analysis 2020E Optimized Production (1) boe/d Optimized Production 250 Mboe of reserves…
2020/2021 Cash Flow Analysis In response to COVID-19, Bonterra has taken steps to protect its balance sheet. Upon price improvement, Bonterra would initiate reactivation of shut-in production and resume drilling. FURTHER RECOVERY MAY…
Detailed Engineering Review Dec 31, 2019 Strong reserves with long-term production runway potential Total Proved reserves on a fully diluted per share basis to 2.44 BOE per share compared to 2.42 BOE per share from the prior year…
Consistent Reserves per Share Growth Bonterras demonstrated track record of growing reserves per share, including with lower capital, is critical in supporting long-term sustainability 2.60 180 160 2.44 2.42 140 Proved reserves…
Strategic Track Record Bonterras demonstrated track record of reserves growth is critical in supporting long-term sustainability 10% 11% 23 years Increase in Proved Reserves Decrease in Net Debt 2019 Reserve Life from 2016 to 2019…
Our Responsibility Environmental, Social and Governance HEALTH, SAFETY AND ENVIRONMENT (HS&E) Apply minimal disturbance drilling techniques to reduce the overall impact to the environment 99% routine gas conservation Fugitive emission…
Bonterra: Positioned for Stability Established producer offering exposure to price upside through operational excellence and conservative financial management Insiders own 15% Experienced & Aligned Management Low Industry low 21%…
Appendix 22
Corporate Information OFFICERS BANKS George F. Fink CIBC CEO & Chairman of the Board National Bank of Canada Robb D. Thompson The Toronto Dominion Bank CFO & Corporate Secretary Alberta Treasury Branches Adrian Neumann Business…
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