Northern Blizzard at a Glance Overview Public Float 27.3 million shares / 27% Management Shares(1) 6.9 million shares / 7% NGP / Riverstone Shares 67.6 million shares / 66% Common Shares Outstanding 101.8 million shares Annualized…
Investment Highlights WorldClass Oil Resource Base Approximately 1.9 billion bbl DOIIP(1) with less than 11% recovered todate Low historic corporate decline rate of 17% Long reserve life index of approximately 22 years(2) Lower…
Track Record of Reserves and Production Growth 2P Reserves Growth Production Growth 160 25,000 (4) 160.0 25,000 22,500 21,000 (3) 20,000 17,985 18,758 Production (boe/d) 140.0 135 17,500 15,999 (2) 15,000 14,000 120.0 113…
Guidance 2014E 2015E WCS Pricing 84.00/bbl 80.00/bbl Funds from Operations per boe(1) 35.00 to 37.00/boe 38.00 to 39.00/boe Average Production 20,500 21,500 boe/d 24,500 25,500 boe/d OilWeighting 94% oil 95% oil Funds from…
Unique High Quality Oil Assets Athabasca Oil Sands Large regional deposits of varying quality Very viscous: 1,000,000 cP range Nonmobile oil Cold Lake Oil Sands Viscosity of 100,000+ cP Decreasing Viscosity Nonmobile oil…
Four Key Development Opportunities (NonCHOPS) H1 2014 Production 19,890 boe/d Continued focus on optimization of established Light Oil 1% waterfloods Waterdrive CHOPS Gas 6% 16% 12% Continue to effectively downspace the…
Cactus Lake Bakken Repeatable Development Prior to being acquired by Northern Blizzard, mainly 40 acre spaced waterflood with 18% recovery and < 10% decline Since 2011 Northern Blizzard has downspaced the western half of the pool to 10…
Cactus Lake Production, Operating Income and Capex Profile 2010 production: 2,803 boe/d Q2 2014 production: 6,490 boe/d 33 million free cash flow estimated for 2014 Cumulative positive cash flow since acquisition Minimal facility…
Winter Horizontal Infill Development Development highlights: Drilled 163 gross horizontal wells to September 30, 2014 distributed throughout the pool Expanded facilities to handle in excess of 375,000 bbl/d gross water production…
Winter Production, Operating Income and Capex Profile Significant production growth through horizontal drilling and facility expansions Continued growth and positive free cash flow generation 2010 production at time of acquisition:…
Viking Light Oil Well Inventory Locations Viking light oil resource play assets located in Whiteside and Smiley areas of Saskatchewan 10,912 net acres (96% average WI) 2014 plan includes up to 46 horizontal wells 34 drilled to…
WellDefined Growth Opportunities Plover Heavy Oil SAGD 14
Heavy Oil SAGD Plover First Steam to wells mid July Currently injecting 2,650 bbl/d steam Steam capacity is 6,000 bbl/d Currently producing 1,000 bbl/d oil On target for 2,400 bbl/d oil by end of 2014 Assumes 2.5 SOR Cactus…
Robust Heavy Oil Economics Type Curve Economics Recent Wellhead Pricing(2) 160% BeforeTax Rate of Return (%) 120% 80% 40% 0% Wellhead Price 55.00/bbl 65.00/bbl 75.00/bbl 85.00/bbl Approx. WCS Price(1) 59.25/bbl…
Significant Access to Markets 75% of Northern Blizzard production is pipeline Market Access Overview connected to Enbridge mainline at Kerrobert Northern Blizzard has ability to sell by pipe or by rail Rail advantages No diluent…
Investment Highlights Attractive total return delivered through lowrisk development of Northern Blizzards worldclass oil resource base Unique High Quality Oil Assets 1.9 billion bbl DOIIP(1) WellDefined Growth Opportunities…
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