CIBC 2012 Energy Conference The Game Plan April 17, 2012
Corporate Strategy Own a portfolio of oil and gas resource plays in North America which includes: early stage assets that offer scope and scale as well as future option value producing assets with development opportunity Improve…
Delivering Organic Production Growth Oil and liquids production 90,000 growing to 50% of total in 2012 80,000 oil production growth of 22% 70,000 natural gas production flat 60,000 Production growth BOE/day 50,000…
Our Operational Focus in 2012 Execution at Fort Berthold Reduce cycle times on new wells Reduce downtime Test downspacing Continue to advance on our waterflood projects Advance EOR pilots at Giltedge & Med Hat Expected exit capital…
Preserving Financial Flexibility We currently have a strong balance sheet but low gas prices are creating funding challenges Actions taken to date include: February 8, 2012 equity issue proposed Stock Dividend Program extending…
Outlook Good mix of early stage, high growth, and mature oil and gas properties Abundance of growth opportunities in our portfolio today not reliant on acquisitions We had a strong year in 2011 with respect to organic reserve…