TSX: HHRS NASDAQ: HHRS Corporate Presentation September 2023
IMPORTANT INFORMATION CONCERNING THIS PRESENTATION This presentation is provided for informational purposes only as of the date hereof, is not profitably produced in the future. The recovery and reserve estimates of the Company's…
IMPORTANT INFORMATION CONCERNING THIS PRESENTATION Forward Looking Statements (Continued) income or other measures of financial performance as determined in accordance with IFRS. of financial performance calculated in accordance with…
IMPORTANT INFORMATION CONCERNING THIS PRESENTATION Oil & Gas Information gas liquids and is for the quarter ended June 30, 2023. The reference to the Company's natural gas prices, costs, actual drilling results, additional reservoir…
IMPORTANT INFORMATION CONCERNING THIS PRESENTATION Oil & Gas Information (Continued) The term BOE or barrels of oil equivalent may be misleading, particularly if used in isolation. References in this presentation to short term production…
CORPORATE SNAPSHOT NASDAQ: HHRS, HHRSW TSX: HHRS, HHRS.WT Hammerhead Energy Capitalization 2023 Q2 Revenue Weighting(%) Market Capitalization(1)(2) CB 1.5 Common Shares Outstanding(1)(2) MM 95.7 F.D. Shares Outstanding(1)(2) MM 103.4…
CORPORATE HIGHLIGHTS HIGH QUALITY Continuous 2-rig program Drilling 35 40 wells per year EXTENSIVE 30 years of drilling inventory(1) INVENTORY Half cycle economics after 2023 Supported by Top-Tier Asset Built-out to 80 Mboe/d by year…
HAMMERHEADS UNIQUE POSITION World Class Resource Play in the Light Oil Fairway Upper / Middle Montney Lower Montney Multiple benches with predictable reservoir distribution provide an Successful Lower Montney (B bench) production tests…
DELINEATED LAND BASE WITH SIGNIFICANT INVENTORY Top-Tier Land Base & Well Inventory Supports Extensive Drilling Future MONTNEY LOCATIONS(1) 30 Years of Inventory at Current Pace(2) Gold Creek Montney Drilling Net Booked Locations…
INFRASTRUCTURE TO SUPPORT GROWTH TO 80 Mboe/d Positioning for Drill-to-Fill Growth in 3 Core Areas Compression & Oil Treating Facilities Cumulative Major Infra. Capital in Place ( 80,000 boe/d by YE) Investment by 2023YE 500MM(1)…
TOP-TIER PERFORMANCE AT GOLD CREEK & KARR Exceptional Results Continue to Drive Robust Economics 2,000 800 Karr Recent Pad Avgs. Gold Creek Recent Pad Avgs. 05-12 Pad 2 (3 wells) 08-13 Pad (5 wells) 05-12 Pad 3 (9 wells) 01-09 Pad (3…
DEVELOPMENT OVERVIEW Delivering Significant Growth In 2023 Utilizing 2 Rigs Drilling Through Break-Up (40 Wells) C Major Facility Projects I North Karr 01-16 Battery Expansion Phase I: Nov. 2022 Phase II: Mar. 2023 J South Karr…
ESTABLISHED TRACK RECORD OF MATERIAL COST REDUCTIONS Culture of Continuous Improvement 6% Reduction in Drilling Costs Year Over Year(1) Managing Operating & Transportation Expenses While Growing Volumes Drilling Costs (/mHz) Operating…
COMMODITY PRICE RISK MANAGEMENT Hedging Program & Exposure To Premium Western Gas Markets Deliver Superior Realized Pricing Hedging Portfolio Market Diversification Strategy Projected Natural Gas Sales NATURAL GAS HEDGING(1)(3) 100% (2)…
2023E FY GUIDANCE & Q2 2023 RESULTS Increasing 2023E FY Production Guidance & Oil Weighting Quarterly Results & Guidance (1) Quarterly Production Growth Inception-to-Date(2) Results Mar-23 Sep-23 45 Natural Gas (1) Units Q2 2023 1H…
RESERVES SUMMARY(1) 2022 YE PDP Reserves Increased 13%; Karr PDP Reserves Increased 92% (2) (3) (3) Net Present Value Before Tax (NPV) 2022 YE Reserves Crude Oil Natural Gas NGLs Total (MM): Discounted at Category MMbbl Bcf MMbbl MMboe…
ESG IS PART OF OUR DNA Committed to Strong Corporate, Operational and Financial Sustainability Environment Social Governance Targeting Net Zero(1) emissions by 2030 Promoting education for Indigenous 20% of employee variable…
LEADERSHIP TEAM Proven Team with Extensive Experience SCOTT SOBIE President & CEO 35+ years of oil and gas industry experience in a wide range of technical and management positions at Shell and Talisman Energy Prior to joining…
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