POSITIONED FOR LONG TERM SUSTAINABILITY TSX: SGY JANUARY, 2015
RECENT DEVELOPMENTS Exited 2014 at record production levels Record Results in Q4 2014: Drilled 11.3 net wells in Q4 2014 with 100 percent success rate Exceeded targeted production exit rate of 21,350 boepd (84% oil) up 78% over…
REASONS TO OWN SURGE Well managed, operated, high quality, low decline asset base High quality light/medium crude oil asset base; low…
FIRST HALF 2015 CAPITAL PROGRAM US58 WTI Protecting NAV and balance sheet through conservative capital spending OPERATIONAL Average Production (boe/d) for 1H 2015 20,000 (83% Oil/NGLs) Capital Spending for 1H 2015 22 million Wells…
ELITE ASSETS FOCUSED IN THREE CORE AREAS Large OOIP pools located in established oil charged trends Surge 2014 Exit Production: Total: 21,350 (84% Oil & NGLs) Western Alberta Production: Total: 6,700 (67% Oil & NGLs) SE…
CORE AREA DETAILS 2 Billion bbls OOIP with potential to recover an additional 285 Million bbls net to Surge OOIP (MMbbls) Drilling Locations Avg. Cum Oil Total Booked Independent (1) Internally Estimated Ultimate Core Area…
TOP TIER CAPITAL EFFICIENCIES AND REPLACEMENT METRICS Vast opportunity base allows for selective and efficient capital allocation (1) Areas/Formations Rates of Return % Capital Drill/ Complete/ Mboe/well Core Area 180 day IP…
QUALITY WATERFLOOD PROJECTS Increasing reserves / flattening declines through waterflood implementation Current Properties Under Full Commercial Waterflood Area Formation Start Date 2014 Decline Current RF Booked RF Expected RF…
SOUTHWEST SASKATCHEWAN - SHAUNAVON 400MM barrels of Net OOIP in the Upper and Lower Shaunavon combined 400 MMbbls of Net OOIP in the Lower and Upper Shaunavon formations (medium gravity oil) Current recovery factor 0.9% Rates of…
UPPER SHAUNAVON Large contiguous undeveloped land position in the Upper Shaunavon trend R21W3 R19W3 T10 Instow Leitchville Area/Pool Well Count Depth OOIP Cum Oil Peak Rate Current Rate Vt Hz (m) (MMbbl) (MMbbl) (bbl/d)…
UPPER SHAUNAVON ACTIVITY 150MMbbl OOIP on Surge lands in the Upper Shaunavon B Sand R20W3 R19W3 R18W3 CPG U. Shvn Hz T7 191/13-20-006-19W3 On Prd Mar 2011 IP(90) = 109 BOPD Cum(YTD) = 24.5 mbbl Upper Shaunavon A Sand SGY…
UPPER SHAUNAVON PERFORMANCE Surge results in the Upper Shaunavon have exceeded expectations Upper Shaunavon - SGY Results vs 2013YE McDaniel Type Curve 300 Production Rate (bopd), Cumulative Oil Production (mbbls) 250 SGY…
SOUTHEAST SASKATCHEWAN - WILLISTON BASIN Midale, Macoun and Pinto Areas Large Fee and Crown position in Midale Carbonate trend 211 MMbbls of Net OOIP (35-37 degree API) Midale Weyburn Current recovery factor 5% of OOIP Rates of…
SOUTHEAST ALBERTA Provost / Eyehill / Wainwright Areas Oil saturated Cretaceous Sands Wainwright 400 MMbbls of Net OOIP (23-31 degree API oil) Current recovery factor of 14% Eyehill Sparky waterflood started in Q4 2014 and…
WESTERN ALBERTA 195MMbbls OOIP in Oil rich Doig and Doe Creek Formations Valhalla Doig 130 MMbbls of Net combined OOIP at Valhalla and Doe Creek Wembley (40 degree API light oil) Oil Pool Rates of return of 62% (1) Current recovery…
RISK MANAGEMENT / HEDGING STRATEGY Oil Hedges The Company has an orderly, on-going, 7,000 40% risk management / hedging program 34% 34% designed to lock in future cash flows to 6,000 35% protect the Companys capex program…
POSITIONED FOR LONG TERM SUSTAINABILITY Low base…
HIGH QUALITY CRUDE OIL ASSET BASE Focused, high quality, crude oil asset and opportunity base; core properties are 100% operated with working interests of 90% Elite, large OOIP crude oil reservoirs with low recovery factors; 15…
ANALYST COVERAGE Financial Institution Analyst Email Address BMO Capital Markets Jim Byrne jim.byrnebmo.com Canaccord Genuity Anthony Petrucci apetruccicanaccordgenuity.com CIBC World Markets Inc. Jeremy Kaliel jeremy.kalielcibc.ca…
CORPORATE PARTNERS Advisors National Bank of Canada Bank of Nova Scotia Canadian Imperial Bank of Commerce Toronto-Dominion Bank Bankers: Bank of Montreal JPMorgan Chase Bank, N.A. ATB Financial HSBC Bank Canada Auditor: KPMG…
ENDNOTES Slide 3: (1) Estimated net debt as at June 30, 2015. Slide 4: (1) Based on 2015 WTI oil pricing of US58/bbl; AECO gas 3.50/gj and a CAD/USD exchange rate of 0.83. Slide 6: (1) December 31, 2013 reserves. Slide 7: (1) Assumes…
NON-GAAP MEASURES NON-GAAP MEASURES This presentation includes non-GAAP measures as further described herein. These non-GAAP measures do not have a standardized meaning prescribed by International Financial Reporting Standards (IFRS…
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