TVE : TSX Creating Sustainable Value November 2020 See Disclaimers and Forward-Looking Statements attached
Corporate Snapshot (TSX: TVE) Corporate/Market Summary (as at November 10/20) Market capitalization(1) (mm) 197 Enterprise value(1) (mm) 388 Bank Line (mm) 275 ALBERTA SASKATCHEWAN % Drawn 69% Tax Pools (mm)(2) 859 VIKING OIL P+P…
The Tamarack Advantage Duration through Sustainability and Balance Sheet Strength Defensive yet flexible capital program Balance Sheet Strength Industry leading balance sheet strength Ample liquidity/capacity on bank line…
Sustainability at Tamarack Environment, Social & Governance Focus Areas Reducing greenhouse gas emissions Understand climate change risks Innovate to lower energy intensity Prudently using water where required Recycle produced…
Sustainability at Tamarack Indigenous Partnerships Emissions & Land Management 2018 GHG Scope 1 + 2 Intensity by Company Tamarack is committed to the principles of UNDRIP and 0.09 (tCO2e/boe) 0.08 participating in reconciliatory…
2021 Stay Flat Scenario Improving Declines while Maintaining Production BASE WATERFLOOD 2020 DRILLS/ACQUISITIONS 2021 DRILLS 30,000 25,000 20,000 2021 2020 + Acquisitions BOE/D 15,000 Waterflood 10,000 Base 5,000…
Risk Management Current Hedges 47% (2) Adding stability in a volatile commodity price environment 40-50% (3) Oil price protection 2020 Target oil hedging for 2021 Hedging Summary(1) Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021…
Nat. Gas/Liquids-Rich Multi-Zone Drilling Inventory Taking advantage of stronger natural gas prices to enhance full cycle economics 77 Gross (54 net) high-quality drilling locations identified in the Cardium and Spirit River…
West Central AB Nat Gas/Liquids-Rich Economics(1) Falher Type Curve (2) Cardium Type Curve (2) 1,200 1,200 1,000 1,000 800 800 BOE/D BOE/D 600 600 400 400 200 200 0 0 0 6 12 18 24 0 6 12 18 24 MONTHS MONTHS Falher…
Veteran Waterflood Wedge Building sustained long-term, high-netback, low-decline oil production 2020 Wedge Outlook Base WF Actuals 3,500 2019 Capital Efficiency using peak rate of 800 bopd - 34,100/bopd 3,000 2020 Capital…
East Veteran Waterflood Performance - 200m Patterns from 2018 and 2020 Sample Waterflood Pattern Performance - 2018 Pilot (200m Spacing, 12-19 Pad) Average well performance shown from 250 Oil Rate Per Well (bbl/d) original 2018…
Veteran Waterflood ONLY 5+ Year Plan Update Building long-term free adjusted funds flow growth Waterflood Production 8,000 Veteran Waterflood ONLY included in capital / production 7,000 (excludes existing primary base production…
Waterflood Development Runway Internal Estimate(2) Waterflood 11% Remaining Primary 4% Recovered to Date 2% Estimated Ultimate Recovery 17% 2018 Drills 2019 Drills 2020 Drills 1) See Oil and Gas Advisories 2) Internal…
Emerging Banff Light Oil Opportunity 4-20 Tamarack Lands Other Producer Lands Open Crown Land 6-30 218 net sections prospective in both the Upper and Lower Banff with net pay 6 meters Potential to develop 130/273 net…
Investment Summary Track Record of Meeting & Exceeding Estimates Sector Disciplined Operational Improving Leading Capital Execution Sustainability Balance Sheet Allocation Focus on Decreasing 1.5x on Updated Costs Full-Cycle…
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