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 Financial Stability Evolving Competitively Guidance Revised - Capital Down 9%, Production Up 3% 8,500 boe/d Capital…
Financial Discipline, Operating Excellence, Foundational Assets 6 miles Disciplined Financial Management Progress Glacier Self funded growth with free cash flow Prolific Gas Foundation Glacier gas plant & CCS scheme Free cash…
Corporate Strategy FCF and Modest Enhance Return of Foundation Growth Resilience and Capital Scale Reduce net debt/AFF to 1x Liquids growth Grow production Balance gas concentration 5-10%/yr Revenue generating Focus on top…
2021 Capital Investment Thesis(1) Generates Significant FCF, Debt Repayment, Growth Glacier focused, 10 75 million wells + facilities Capital Efficiency Sustaining maintenance costs, 8,500/boed Capital other corporate 115 - 135…
2021 Capital Program Fully Funded at Lower Prices with FCF Debt Reduction ( million) in 2021 200 100 3.00 180 2021 Budget Free 160 fully funded at Cash 2.50 Drives 10% 1.92/mcf Flow Sustaining Production AECO 140 Capital fully…
Low-Cost Structure A Key Factor in FCF Generation Capacity 30 Transport (1) Finance & Other 25 G&A Royalties 20 Operating 15 10 5 - I J A B C D E F K L G H M N AAV 20 YEARS…
Environmental Leadership, Sustainability & Opportunity Glacier Gas Plant Carbon Sequestration Scheme Advantage Net Carbon Intensity(1) (tonnes CO2e per BOE) 0.0093 Advantages 0.0079 emissions intensity per boe is 0.0049 0.0045…
Advantage Montney Multizone Oil, Liquids and Gas Throughout Glacier Valhalla Progress Wembley Doig Upper Montney D4 Middle Montney D3 300m D2 D1 Current Drilling and 2021 Targets Lower Advantage Operated HZ…
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 include six D1 two D4 and two Upper wells onstream Q1 2021, exceeding type…
Oil & Liquids Rich Gas Progress/Wembley/Valhalla Progress Progress 6 wells on production Progress competitive with Pipestone/Wembley, and higher netbacks Valhalla Facility running at capacity 2 well pad planned to maintain…
Natural Gas Transportation Portfolio 27 MMcf/d of Prairies Mainline to Nov 2032 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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