THE TRANSFORMATION 486MM 400MM 265MM Light Oil JV Contingent Infrastructure FCF Generation with Bitumen Sale COVID19 Murphy Oil Royalty Resource Disciplined Manage Appraisal Operations Business 2016 2017 2018 2019 Strong…
BUSINESS ENVIRONMENT & COVID-19 IMPACT GLOBAL INVENTORIES (MMBBL) COVID19 IMPACT o WHO declared COVID19 a pandemic in March o Resulted in a material disruption to global economy OIL PRICE IMPACT AND OUTLOOK o Estimated peak…
RESPONSE TO COVID-19 ACTIONS TAKEN Ensured the Safety of Staff Maximized Maintained Strong and Contractors Funds Flow Corporate Liquidity Hangingstone shutin/restart Reduced capital program Enacted Business Continuity Plan…
OUTLOOK, CAP STRUCTURE & HEDGING 20,000 HEDGES US WTI* 2020 OUTLOOK o Q4 production 32,000 34,000 boe/d 15,000 o 85MM capital program bbl/d o Minimal Light Oil activity for upcoming winter 10,000 43 o Operational readiness…
THERMAL OIL LEISMER LEISMER DEVELOPMENT LEISMER TOP TIER OIL SANDS PROJECT o Q3 production 18,434 bbl/d (3.3x SOR) PAD 8N PAD 8S o 16.46/bbl operating netback (Q3/20) PAD 6 CPF o 695 mmbbl 2P reserves; 95 year 2P RLI PAD 6 o…
THERMAL OIL HANGINGSTONE HANGINGSTONE DEVELOPMENT HANGINGSTONE PROJECT o Current production 7,000 bbl/d o 9,500 bbl/d productive capacity (4.5x SOR) o 177 mmbbl 2P reserves; 55 year 2P RLI o US31 WCS operating breakeven (US12.50…
LIGHT OIL PLACID MONTNEY PLACID ACTIVITY HIGHLIGHTS OPERATED 70%WI 1630 Pad 7 wells o Q3 production 6,522 boe/d (50% liquids) 25 Pad 3 wells o 19/boe operating netback (Q3/20) o 200 300 bbl/mmcf initial free liquids o Owned and…
LIGHT OIL KAYBOB DUVERNAY DUVERNAY HIGHLIGHTS KAYBOB DUVERNAY KAYBOB NORTH KAYBOB EAST o Q3 production 5,308 boe/d (76% liquids) o 24/boe operating netback (Q3/20) SIMONETTE o Significant resource exposure (220,000 acres) KAYBOB…
RESPONSIBLY DEVELOPING CANADAS ENERGY ENVIRONMENT SOCIAL CORPORATE EMISSIONS INTENSITY o Community & stakeholder engagement 0.07 Air Quality o AOC supports many local causes o 34% reduction in corporate emissions Intensity (tonnes…
ATHABASCA VALUE PROPOSITION Financial Capacity to Certainty on Long Term Top Tier Assets with Long Unparalleled Torque to Navigate Volatile Markets Egress to High Value Term Growth Profiles Oil Prices longer term* Through the Cycle…
SUPPLEMENTAL INFORMATION
MARKET EGRESS THERMAL OIL EGRESS LONG TERM EGRESS SECURED Current Egress LT Egress o 7,200 bbl/d on Keystone AOC Thermal o 10,000 bbl/d on Keystone XL Leases o 20,000 bbl/d on TMX Expansion CANADIAN PIPELINES UNDER…
MANAGEMENT TEAM AND BOARD MANAGEMENT TEAM BOARD OF DIRECTORS Robert Broen, P.Eng. Ronald Eckhardt President & Chief Executive Officer Chair of the Board, member of the Reserves Committee Matt Taylor, CFA Robert Broen, P.Eng. Chief…
CANADIAN ENERGY MAKES A GLOBAL DIFFERENCE THE WORLD NEEDS CANADAS ENERGY WORLD ENERGY MIX (2016 2040) o Energy Demand to grow by 27% by 2040 o ALL forms of energy are needed CANADA IS A GLOBAL LEADER IN INNOVATION & ENVIRONMENTAL…
ENDNOTES Slide Endnotes 1 (1) Liquidity = cash & equivalents + available credit facilities as of September 30, 2020 (2) Consolidated reserves as at December 31, 2019 evaluated by McDaniel & Associates Consultants Ltd. (3) Reserve…
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