TSX: JOY OTCQX: JRNGF Corporate Presentation May, 2021 Turning the Corner
Snapshot 7,600 boe/d (1) (46% liquids); 100% unhedged 14% corporate decline go forward; waterfloods and other low decline assets supports sustainability 124 million enterprise…
Why Journey Why JOY 150 gross sections of Duvernay lands concentrated in the oil window Duvernay Basin leading performance from three and Duvernay wells Power 4 MW power generation commissioned September 2020; Over 20 year life…
Growth Spending Returns in 2022 2019 2020 2021 Operating Highlights Actual Actual Forecast(1) Production Average (boe/d) 9,372 8,379 7,300 - 7,600 Oil and NGLs (%) 48% 46% 46% Corporate Decline Rate (%) 16% 17% 14% Reference…
Base Core Areas Southern Core Area (4,000 boe/d; 39% oil and NGLs(1) ) Key properties at Skiff, Matziwin, Herronton, Countess and Brooks Edmonton Waterflood expansion, extensive Red Deer drilling upside Low decline base…
Base - 2020 YE Reserves Summary Company Gross (WI) Reserves(1) Oil Gas NGLs Reserve Category Mboe RLI (Mbbl) (Bcf) (Mbbl) Proved Developed Producing 6,894 66.6 2,112 20,102 6.9 Total Proved 11,479 88.9 2,893 29,195 9.7 Proved +…
Economic Plays Duvernay 50% average WI in Duvernay commercial DUVERNAY/POWER development including significant 100% WI lands; CONVENTIONAL and infrastructure ownership BASE Power Potential to expand power generation at…
Conventional 25 Years of Drilling Booked Conventional(3) 184 million in Capital Journeys inventory includes 189 gross (177 net)(1)(2) horizontal Waterflood oil locations Horizontal Other HZ & Vertical Oil Multi-Stage Only 33%…
Countess Power Project Journey holds 100% WI in the Countess power plant which was commissioned in September 2020 4 MW power generation with fuel gas supplied by the Journey Countess assets Upgradeable to 6 MW with the installation…
World Class Duvernay Opportunity and Leverage Duvernay Joint Venture and Opportunity Four earning wells on production Joint Venture Wells Journey BPO Journey APO Payout % Two Commitment Wells 3.75% GOR 29.71% 58.33% Two Option Wells…
Duvernay JV Wells Among East Basin Leaders Source: Journey and Geoscout created March 2021 14
Appendix- Content Drilling Economics Drilling Inventory Central Region South Region Duvernay Delineation Central Region Edmonton Strong Governance Red Deer Experienced Management Calgary South Region Environment, Social…
Central Region Conventional Horizontal Oil Well Drilling Locations(2) Booked(1) Unbooked(3) Property Formations Gross Net Gross Net Poplar Creek/ Belly River 5 4.5 9 7.4 Westerose Cherhill Banff 6 5.4 2 1.8 Crystal Viking…
South Region Conventional Horizontal Oil Well Drilling Locations(1) Booked(2) Unbooked(3) Property Formations Gross Net Gross Net Glauconite, Matziwin 13 13.0 21 20.0 Colony Skiff Sawtooth 16 16.0 14.0 13.9 Glauconite,…
Duvernay Resource Delineation 8-16 Vertical Strat for 13-2 hz. Geology & Engineering Initial well results at or above expectations Land base, Resource and Value proven through first round of wells Very large inventory of…
Board of Directors - Strong Governance Howard Crone Chairman of the Board Director of Cequence Energy Ltd. and Karve Energy Inc. Also a member of Journeys Audit, Reserves and Compensation/Governance committees Dana Laustsen…
Experienced Management Team Alex G. Verge, P.Eng., M.Eng. President and Chief Executive Officer, and Director Previously President and CEO of NuVista Energy, VP Engineering at Bonavista, and senior positions at Poco Petroleums,…
Environment, Social and Governance Environment Journey uses fresh and saline water in operations for drilling, hydraulic fracturing and reservoir pressure maintenance. Approximately 1% of our total water use is classified as fresh…
Environment, Social and Governance (Continued) Identifying and Assessing Climate Related Risks Journeys management continuously reviews and assesses climate-related risks. We prioritize the risks, assess their potential magnitude and…
Environment, Social and Governance (Continued) Social Journey takes pride in maintaining its operations with the highest of standards and ensures its suppliers of goods and services do so as well. Journey operates in nine key areas…
Environment, Social and Governance (Continued) Governance In recognition of the key role that sustainability plays in our business, Journey has mandated that the Board of Directors (the Board) take an active role in evaluating our…
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