ATHABASCA OIL CORPORATION FOCUSED EXECUTING DELIVERING SEPTEMBER 2021 ATB ENERGY CONFERENCE
PORTFOLIO 34,000 BOE/D 90% LIQUIDS Thermal Oil Assets (26,250 bbl/d) Light Oil Assets (7,750 boe/d) LEISMER MONTNEY Top tier project that has been in operation for 70% W.I. Placid with 11 years with a productive capacity of…
MACRO GLOBAL OIL WCSB MARKET ACCESS GLOBAL DEMAND BACK TO PRE-COVID LEVELS GLOBAL OIL SUPPLY / DEMAND OUTLOOK (MMBBL/D) 110 o Global demand rose to 98 MMbbl/d in June Demand Supply June Demand: 100 98 MMbbl/d o GS forecasting 99…
LEISMER SUSTAINING PROJECTS NEAR-TERM INFILL WELLS DEVELOPMENT MAP o Pad L7 sustaining well pair; first oil in July o Two Pad L6 infills; first oil July PAD 8N PAD 8S PAD 5 CPF PAD L8 PROJECT o D&C complete; facility…
BALANCE SHEET & REFINANCING OBJECTIVES EBITDA (MM) & LEVERAGE SENSITIVITY 2.0x FINANCIAL SNAPSHOT (Q2 2021*) 450 o 265MM unrestricted cash 400 o 45MM restricted cash and deposits for long-term obligations 350 300 70MM unhedged o…
Athabasca Stated ESG Goal (May 2021) ESG ENVIRONMENTAL Prepare a technology roadmap for a lower carbon future evaluating carbon capture use and storage, cogeneration, solvent injection, and renewable energy CARBON CAPTURE AOCS…
ATHABASCA VALUE PROPOSITION & STRATEGY Low Decline High Margin Unparalleled Exposure to Strong Financial Thermal Oil Light Oil Oil Prices…
ATHABASCA 2015
ENDNOTES Slide Endnotes 1 (1) 2021 guidance product breakdown provided below: Product 2021 Production Split Bitumen 78% Natural Gas* 10% Condensate NGLs 4% Other NGLs 2% Oil** 6% * comprised of 99% or greater of shale gas, with…
ENDNOTES Slide Endnotes 5 (1) 2021 production guidance product breakdown: Product 2021 Production Split Bitumen 78% Natural Gas* 10% Condensate NGLs 4% Other NGLs 2% Oil** 6% * comprised of 99% or greater of shale gas, with the…
READER ADVISORY Forward Looking Statements This Presentation contains forward-looking information that involves various risks, uncertainties and other factors. All information other than statements of historical fact is forward-looking…
READER ADVISORY CONTD Additional Oil and Gas Information: Other Oil and Gas terms: This presentation contains certain other oil and gas metrics, including D&C (drilling and completion costs), F&D, steam oil ratio (or SOR), reserves…
READER ADVISORY CONTD Non-GAAP Financial Measures and Production Disclosure Contd Net Debt is a non-GAPP measure and is defined as face value of term debt plus accounts payable and accrued liabilities plus current portion of provisions…
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