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ANNUAL GENERAL MEETING – Connacher Oil and Gas

Connacher Oil and Gas · May 15, 2014 · 13 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. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 1
    ANNUAL GENERAL MEETING May 15, 2014
  2. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 2
    A STRONGER CONNACHER Completed 95 million 2013 capital plan on schedule and within budget Sequential improvement in all areas of Connachers business over the last four quarters Achieving top level facilities operating performance…
  3. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 3
    HISTORICAL FINANCIAL RESULTS Revenue Adjusted EBITDA (Continuing Operations) (CMM) (CMM) 430 428 86 385 81 41 2011A 2012A 2013A 2011A 2012A 2013A 3 STRONGER
  4. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 4
    PRODUCTION Bitumen Production Rates (bbls/d) 16,000 24 14,000 13,379 13,433 21 11,880 12,000 11,788 18 Million Barrels bbl/d 10,000 6,581 15 8,911 7,948 5,818 5,936 8,000 12 6,338 6,000 6,811 9 4,000 6 6,338…
  5. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 5
    FACILITIES RELIABILITY: MONTHLY STEAM INJECTED VERSUS CAPACITY TA = Turnaround Long term stability at Pod One Turnarounds have been pushed out to a three year schedule Boiler modifications at Algar to bring expected up-time to…
  6. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 6
    OPERATIONAL IMPROVEMENT: DILUENT BLEND RATIO 25% 24% 24% 23% 22% 20% 19% 19% 19% Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Reduction of DBR in 2013 was a result of focus on operational…
  7. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 7
    MARKETING STRATEGY: DILBIT SALES BY RAIL Percentage of Total Production Transported by Rail 90% 90% 80%80% 57% 57% 62% 62% 55% 55% 57% 49% 49% 19% 19% 8% 8% Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1…
  8. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 8
    INVESTMENT HIGHLIGHTS LARGE RESOURCE BASE: 100% WORKING INTEREST NPV Discounted Bitumen Net Bitumen Reserves (Gross) Revenue 10% (before taxes) (MMbbl) ( millions) 606 3,713 603 569 564 104 105 747 3,156 3,139 118 118 461…
  9. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 9
    HISTORICAL NETBACKS Connacher has demonstrated its ability to increase bitumen netbacks over time Build-up to blend sales price WTI 2011: 95.12/bbl WTI 2012: 94.21/bbl WTI 2013: 97.97/bbl WTI Q1 14: 98.68/bbl (/bbl) 82.36 79.63…
  10. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 10
    2014-2015 GROWTH CAPITAL PROJECTS 50 million initial 2014 growth capital program to increase production, advance commercial SAGD+ process and fund mini steam project Algar Detailed engineering and procurement for the commercial…
  11. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 11
    LIQUIDITY OUTLOOK The Company is actively pursuing the placement of a US equivalent CA140 million first lien term loan facility The Companys intention is to concurrently amend and restate the existing 95 million credit facility to…
  12. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 12
    SUSTAINABILITY AND COMMUNITY At Connacher, we work to sustainably: Minimize our land footprint Use water responsibly up to 98% water recycle rates Reclaim disturbed land Manage emissions effectively Support and monitor wildlife…
  13. ANNUAL GENERAL MEETING – Connacher Oil and Gas – slide 13
    ANNUAL GENERAL MEETING

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