A Progressive Montney Producer for the New Energy Market TSX: AAV 52-week trading 1.66 to 5.21 Investor Presentation Shares Outstanding (basic) 191 million September 2021 Market Cap / EV ( billions) 1.0 / 1.2
Corporate Strategy The Path To Growing Shareholder Value Maintain Strong Generate FCF and Enhance Resilience Foundations Return of Capital Moderate Growth(1) and Scale Reduce net debt/AFF Liquids growth to towards zero balance…
Strong Foundations Create a Launchpad into the New Energy Markets Financial Stability Evolving Competitively FCF generation ramped up Entropy Inc. Modular Carbon Capture and Storage (MCCS) Financial strength setting stage to Debt…
2021 Capital Investment Thesis Generates Significant FCF and Growth (1) Glacier focused, 10 wells + 75 million facilities maintenance costs, All-in Capital Efficiency carbon capture 9,900/boe/d Sustaining Capital Production Growth…
2021 Capital Program Fully Funded at Lower Prices with FCF (1) 250 Delevering Infrastructure 225 Acquisitions 3.50 Oil Assets 200 3.00 80 2021 Capital 175 investments fully funded at 2.50 Drives 10% 150 1.92/mcf AECO…
Entropy Carbon Capture and Storage Our Role in the Energy Transition Leader in the development and commercialization of carbon capture and storage PROPRIETARY CARBON CAPTURE TECHNOLOGY Exclusive ownership of world class…
(1) (1) Notes: 7 (1) Forward-looking information. Refer to Advisory for material assumptions and risk factors.
Entropy Modular CCS Technology: Designed for the Most Common Emitters Entropy is developing multiple projects, exceeding 1 mtpa in several industrial sectors Canadian Facility GHG Reporting (2019)(1) Carbon Capture Solvent Performance…
North American CCS Opportunity Offers Scalable Growth and Suitable Storage Emitters Tonnes CO2/year (000s) Canada: Federal carbon…
Environmental Leadership The Path to Net Zero is Underway Glacier Carbon Capture and Storage Montney Peers Reported Emissions Data - 2018 or 2019 (1) Phase 1 Will Eliminate 25% of Plant Emissions 0.070 0.060 0.050 Tonnes CO2e…
World Class Assets, Operational Excellence, Environmental Leadership PROGRESS Disciplined Financial Management GLACIER Self funded growth with free cash flow Glacier Carbon Capture & Storage Asset Prolific Gas Foundation Free…
Low-Cost Structure A Key Factor in FCF Generation Capacity Trans Exp Int Exp 30 G&A Royalty Exp 25 Op Exp 20 15 10 5 0 Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9…
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 6,000 200…
Advantage Montney Assets 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…
Glacier Strong 2020 Performance Drives 2021 Activity 08-05: Producing 19 new wells now onstream since 2020 02-32: Q4 2021 Spud 08-05 pad (two D1, two Upper and one D4 wells) onstream through new expanded infrastructure servicing NW…
Oil & Liquids Rich Gas Progress/Wembley/Valhalla AAV Pipelines PROGRESS AAV 2021 Drilling New Third Party 6 wells on production; site acquired for future facility construction Drilling/Production Inventory of acquired pads and…
Strategic Infrastructure Control, Flexible Pipeline Access BC AB TCPL Groundbirch 400 mmcf/d + 6,800 bbl/d capacity Glacier Gas Plant; Lateral 130 mmcf/d surplus capacity available 45 mmcf/d + 2,000 bbl/d Valhalla hub AAV Glacier…
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 41 Employees Working in Calgary & Grande Prairie Contributed 1 million to community Areas programs/charities Capital & Operating Activities Health & Wellness 25% Generating an…
Advantage Contact Information Investor Relations 1.866.393.0393 iradvantageog.com www.advantageog.com Listed on TSX: AAV Advantage Energy Ltd. Suite 2200, 440 2nd Avenue SW Calgary, Alberta T2P 5E9 Main: 403.718.8000…
Area Overview Deep Inventory of Gas, NGLs and Oil PROGRESS Deep Inventory (1)(2)(3) GLACIER Booked Undeveloped Unbooked Upside TOTAL future location VALHALLA inventory 1,400 to 1,500 743 WEMBLEY 89 301 176 125 228…
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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