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March 2022 Corporate Presentation – Bonterra Energy Corp

Bonterra Energy Corp · Mar 1, 2022 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 1
    CORPORATE PRESENTATION TSX: BNE MAR 2022 1
  2. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 2
    Corporate Snapshot Financial TSX: BNE Common Shares Outstanding MM 35 Insider Ownership % 15 Tax Pools at December 31, 2021 MM 374 Tax Horizon Year 2023 Q4 2021 Net Debt MM 267 Bank Line MM 210 Available MM 47 PEMBINA & Drawn…
  3. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 3
    Focused on Free Funds Flow Generation Bonterra remains focused on generating sustainable free funds flow which can be directed to debt reduction, capital spending and returns to shareholders when supported by commodity prices The…
  4. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 4
    2022 GUIDANCE Budget designed to afford enhanced optionality to optimally respond to a shifting commodity price environment 55-65 27 Net Wells On Production Million & 131 Net Wells Capex Abandoned 13,300 90 Million to…
  5. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 5
    Production and Activity Forecast Forecasted 5% production growth year over year will generate significant free funds flow BASE PRODUCTION 2020 CAPEX 2021 CAPEX 2022 CAPEX 16,000 14,000 12,000 10,000 BOE/D 8,000 6,000…
  6. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 6
    Free Funds Flow Sensitivity Bonterra is forecasted to generate 126 Million Free Funds Flow in 2022 under current strip pricing ANNUAL FREE FUNDS FLOW (MM) 150 125 126 Free Funds Flow (MMC) 100 110 90 75 65 50…
  7. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 7
    Forecast Debt Structure & Price Sensitivity 126 Million of debt repayment forecasted in 2022 under current strip pricing with Debt to Funds Flow ratio improving to 0.8 : 1 Bank Debt BDC Debt Subordinated Debt 250 200 59 59…
  8. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 8
    Bank Liquidity Forecast and Sensitivity Bank Facility percentage draw forecasted to be reduced to less than 25% by Year End 2022 under current strip prices DRAWN LIQUIDITY 250 200 155 97 121 142 FACILITY (MMC) 150 100…
  9. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 9
    Cardium Assets 9
  10. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 10
    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…
  11. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 11
    Deep Drilling Inventory Concentrated assets in the Pembina Cardium oil pool support efficient operations and offer exposure to significant upside through a large inventory of low-risk, highly economic undrilled locations Pembina &…
  12. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 12
    Pembina Cardium Geology Shale Conglomerate Sandstone Bioturbated Mudstone Sandstone Shale Interbedded sandstone and shale with local conglomerate and prevalent underlying low permeability bioturbated mudstone…
  13. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 13
    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 17…
  14. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 14
    Our Responsibility Environmental, Social and Governance ENVIRONMENTAL RESPONSIBILITY Apply minimal disturbance drilling techniques to reduce the overall impact to the environment Employ a vigorous asset integrity program to ensure the…
  15. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 15
    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%…
  16. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 16
    Appendix 16
  17. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 17
    Risk Management / Hedge Strategy WEIGHTED AVERAGE OIL HEDGE HEDGE STRATEGY COLLAR Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Target to hedge 30% of pre-royalty volumes VOLUME bbl/d 2,250 2,800 2,100 2,200 2,000 500 Fulfill bank…
  18. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 18
    Reserves Summary December 31, 2021 NPV BT 10% (1) Reserve Category Oil (Mbbl) BOE (Mboe) (millions) Proved Developed Producing 18,522 32,495 542,915 Proved Developed Non-Producing 2,335 3,562 55,012 Proved Undeveloped 22,613…
  19. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 19
    Appendix Strip as at 02/28/2022 2022 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 AVERAGE WTI USD/bbl 82.98 91.63 95.65 95.65 93.42 90.87 88.58 86.63 85.18 83.81 83.03 82.15 88.30 Differential…
  20. March 2022 Corporate Presentation – Bonterra Energy Corp – slide 20
    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…

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