A Progressive Montney Producer for the New Energy Market TSX: AAV 52-week trading 0.98 to 2.84 Investor Presentation Shares Outstanding (basic) 188 million March 2021 Market Cap / EV ( Millions) 500 / 750
Strong Foundation Continues to Deliver Stronger 2021 Results Free Cash Flow, Production, Reserves Capital, Debt Guidance Revised - Capital Down 9%, Production Up 3% 8,500 boe/d Capital Efficiency 70 Million Free Cash Flow after…
Financial Discipline, Operating Excellence, Foundational Assets Disciplined Financial Management Progress Self funded growth with free cash flow Glacier Glacier gas plant & Prolific Gas Foundation CCS scheme Free cash generation…
Corporate Strategy Reduce Net Enhance Foundation Debt/AFF 1x, Resilience & Return of modest growth Scale Capital Grow production Liquids Growth 5-10%/yr Balance gas Focus on top tier gas concentration locations Revenue…
2021 Capital Investment Thesis(1) Generates Significant FCF, Debt Repayment, Growth Capital Efficiency Glacier focused, 10 8,500/boed 75 million wells + facilities Sustaining maintenance costs, Production Growth Capital other…
2021 Capital Program Fully Funded at Lower Prices with FCF Debt Reduction in ( million) 2021 200 100 3.00 180 Free 2021 Budget fully 160 funded at Cash 2.50 1.92/mcf AECO Flow Drives 10% 140 Production Growth Sustaining 120…
Low-Cost Structure A Key Factor in FCF Generation Capacity 30 Transport (1) Finance & Other 25 G&A Royalties 20 Operating 15 10 5 - AAV I J E F L A B K C D G H N M 20 YEARS…
Environmental Leadership, Sustainability & Opportunity Glacier Gas Plant Carbon Sequestration Scheme Advantage Net Carbon Intensity(1) (tonnes CO2e per BOE) 0.0093 0.0079 Advantages emissions intensity per boe 0.0049 is…
Advantage Montney Multizone Oil, Liquids and Gas Throughout Glacier Valhalla Progress Wembley Doig Upper Montney D4 Middle Montney 300m D3 D2 D1 Current Drilling and 2021 Targets Lower Advantage Operated…
Track Record of Enhancing Efficiency and Performance Pacesetter Drill Rates per Day Relentless Drilling, Completion, & Tie-In Cost Efficiency 600 12,000 500 10,000 Meters/Day (Spud to RR) 400 8,000 /Tonne 300 6,000…
Glacier Foundational Asset Setting a New Standard 13 of 14 new wells now onstream, producing 110 mmcf/d (inset) 08-05 five well pad Complete Q3 2021 New wells on production include six D1 two D4 and two Upper wells Onstream Q1…
Oil & Liquids Rich Gas Progress/Wembley/Valhalla Progress 6 wells on production Progress Progress competitive with Pipestone/Wembley, and higher netbacks Valhalla Facility running at capacity 2 well pad planned to maintain volumes…
Natural Gas Transportation Portfolio 27 MMcf/d of Prairies Mainline to Nov 203TC2 27 MMcf/d of Great Lakes PL transport capacity Apr 2021 to Oct 2022 Up to 48 MMcf/d of Empress capacity net of downstream commitments varying…
Invested in the Communities Where We Work 39 Employees Working in Calgary & Grande Prairie Areas Contributed 1 million to community programs/charities since inception Health & Wellness Capital & Operating Activities 25%…
Advantage Contact Information Investor Relations 1.866.393.0393 iradvantageog.com www.advantageog.com Listed on TSX: AAV Advantage Oil & Gas Ltd. Suite 2200, 440 2nd Avenue SW Calgary, Alberta T2P 5E9 Main: 403.718.8000…
Area Overview Deep Inventory of Gas, NGLs and Oil Deep Inventory (1)(2)(3) Booked Undeveloped Unbooked Upside Progress Glacier TOTAL future location inventory 1,400 to 1,500 Valhalla 743 89 301 Pipestone/ Wembley 176…
Advisory Oil and Gas Information Barrels of oil equivalent (boe) and thousand cubic feet of natural gas equivalent (mcfe) may be misleading, particularly if used in isolation. Boe and mcfe conversion ratios have been calculated using…
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