Corporate Snapshot Financial TSX: BNE Common Shares Outstanding 33.7 million Insider Ownership 15% Tax Pools at June 30, 2021 444 million Tax Horizon 2023 Q2 2021 Net Debt 319 million Bank Line 265 million Drawn 244 million at Q2…
Focused on Free Funds Flow Generation Bonterras focus will remain on generating strong, sustainable, free funds flow which can be directed to debt reduction and capital spending when supported by commodity prices DISCRETIONARY As…
Forecast Activity Levels 2021-2022 Focused on accelerated value creation by deploying 70 - 75 Million to Bonterras drilling program and abandonment initiatives PLANNED DRILL PROGRAM (1) PLANNED ABANDONMENT PROGRAM (1) 36 Net…
Forecast Production Ramping production into constructive pricing to generate significant free funds flow (1) SHUT IN PRODUCTION 2020 CAPEX SUSPENDED 45 MILLION BDC FINANCING DEPLOYED (1) 2022 plans are preliminary in…
2021 - 2022 Funds Flow Analysis Positioned to generate significant free funds flow while meaningfully deleveraging over the next two years YEAR 2021 ESTIMATED PRODUCTION boe/d 12,800 OIL & LIQUID RATIO % 66% PRICE SCENARIO STRIP…
Forecast Debt Structure and Price Sensitivity Significant torque to oil prices amplifies efforts to deleverage when combined with increasing production Bank Debt BDC Debt Sub Debt D/CF 350 7.0 300 6.0 20 20 20 46 20 46 20…
Pembina Cardium Features Original-Oil-in-Place per Section Recovery Factor 0 to 5,000 Mbbl 0% 5,000 to 10,000 Mbbl 5% 10,000 to 20,000 Mbbl 10% 20,000 to 25,000 Mbbl 15% 25,000+ Mbbl 20% 25% Pembina is the largest…
Pembina Cardium Geology Shale Conglomerate Sandstone Bioturbated Mudstone Sandstone Shale Interbedded sandstone and shale with local conglomerate and prevalent underlying low permeability bioturbated mudstone…
Average BNE Cardium Economics Cardium wells are repeatable, predictable and generate strong returns 200 Reserves per well (MBOE) 140 150 IP (12 months) (boe/d) 110 BOE/D 100 50 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16…
Our Responsibility Environmental, Social and Governance HEALTH, SAFETY AND ENVIRONMENT (HS&E) Apply minimal disturbance drilling techniques to reduce the overall impact to the environment 99% routine gas conservation Fugitive emission…
Strategy: Positioned for Success Our proven track record has been built on a model of generating long-term, sustainable value through disciplined capital allocation aligned with prevailing commodity prices Insiders own 15%…
Appendix 15
Risk Management / Hedge Strategy WTI CRUDE OIL HEDGE HEDGE STRATEGY PERIOD INSTRUMENT CURRENCY VOLUME (bbl) FLOOR (/bbl) CEILING (/bbl) JUN 2021 - DEC 2021 COSTLESS COLLAR USD 2,250 36.67 48.71 Target to hedge 30% of pre-royalty…
Corporate Information OFFICERS BANKS George F. Fink CIBC CEO National Bank of Canada Robb D. Thompson The Toronto Dominion Bank CFO & Corporate Secretary Alberta Treasury Branches Adrian Neumann Business Development Bank of Canada…