Premium Pipestone Asset Acquisition. August 9, 2018
|
|
- Edmund Armstrong
- 5 years ago
- Views:
Transcription
1 Premium Pipestone Asset Acquisition August 9, 2018
2 READER ADVISORY GENERAL A final short form prospectus containing important information relating to the offering (the "Offering") of subscription receipts (the "Subscription Receipts") of NuVista Energy Ltd. ("NuVista") described in this presentation has been filed with the securities regulatory authorities in each of provinces of Canada. A copy of the final short form prospectus, and any amendment, is required to be delivered with this presentation. This presentation does not provide full disclosure of all material facts relating to the Subscription Receipts offered. Investors should read the final short form prospectus and any amendment, for disclosure of those facts, especially risk factors relating to the Subscription Receipts and the underlying common shares of NuVista (together, the "Securities"), before making an investment decision. The information contained in this presentation does not purport to be all-inclusive or to contain all information that prospective investors may require. Prospective investors are encouraged to conduct their own analysis and reviews of NuVista and of the information contained in this presentation. Prospective investors should read the entire final short form prospectus and consult their own professional advisors to assess their potential investment in NuVista. A prospective investor should rely only on the information contained in the final short form prospectus relating to the Offering, which will incorporate this presentation by reference therein. None of NuVista or the underwriters has authorized anyone to provide any investors with additional or different information, and any such information provided to an investor should not be relied upon. An investment in the Securities is speculative and is subject to a number of risks that should be considered by a prospective investor. See "Risk Factors" in the short form prospectus and NuVista's annual information form for the year ended December 31, 2017 incorporated by reference therein. August
3 Advisories BASIS OF PRESENTATION Unless otherwise noted, the financial data presented in this presentation has been prepared in accordance with Canadian generally accepted accounting principles ("GAAP") also known as International Financial Reporting Standards ("IFRS"). The reporting and measurement currency is the Canadian dollar. ADVISORY REGARDING OIL AND GAS INFORMATION Throughout this presentation the terms Boe (barrels of oil equivalent), and MMBOE (millions of barrels of oil equivalent). Such terms may be misleading, particularly if used in isolation. The conversion ratio of six thousand cubic feet per barrel (6 Mcf:1 Bbl) of natural gas to barrels of oil equivalent is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. In this presentation generally, NuVista has used a number of oil and gas metrics which do not have standardized meanings and therefore may be calculated differently from the metrics presented by other oil and gas companies including "NPV10" and "P+PA NPV10%". NPV10 represents the anticipated net present value of the future net revenue discounted at a rate of 10% associated with the reserves associated with the acquired assets. P+PA NPV10% is calculated as the present value of the future net revenues discounted at 10% before tax on total proved plus probable reserves. This presentation discloses NuVista's undeveloped drilling locations in two categories: (i) proved undeveloped plus probable undeveloped drilling locations; and (ii) 2C drilling locations. Proved undeveloped plus undeveloped drilling locations are derived from (i) in respect of NuVista's current asset base, a report prepared by GLJ, NuVista's independent qualified reserves evaluator, evaluating NuVista's reserves as of December 31, 2017 (the "NuVista Reserves Report"), and (ii) in respect of the assets associated with the potential Pipestone asset acquisition, a report prepared by GLJ, evaluating the reserves associated with the Pipestone asset acquisition as of June 30, 2018 (the "Acquisition Reserves Report"), and account for undeveloped drilling locations that have associated proved and/or probable reserves, as applicable. 2C drilling locations are derived from a report prepared by GLJ evaluating NuVista's contingent resources as of December 31, 2017 (the "GLJ Contingent Resource Report"). No 2C drilling locations are attributed to the potential Pipestone asset acquisition at this time. There is no certainty that we will drill all drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas production. The drilling locations on which we actually drill wells will ultimately depend upon the availability of capital, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results, additional reservoir information that is obtained and other factors. Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. In the case of the contingent resources estimated in the GLJ Contingent Resource Report, contingencies include: (i) further delineation of interest lands; (ii) corporate commitment, and; (iii) final development plan. To further delineate interest lands additional wells must be drilled and tested to demonstrate commercial rates on the resource lands. Reserves are only assigned in close proximity to demonstrated productivity. As continued delineation drilling occurs, a portion of the contingent resources are expected to be reclassified as reserves. Confirmation of corporate intent to proceed with remaining capital expenditures within a reasonable timeframe is a requirement for the assessment of reserves. Finalization of a development plan including timing, infrastructure spending and the commitment of capital. Determination of productivity levels is generally required before a company can prepare firm development plans and commit required capital for the development of the contingent resources. There is uncertainty that it will be commercially viable to produce any portion of the contingent resources. August
4 Advisories ADVISORY REGARDING OIL AND GAS INFORMATION (continued) Certain information in this presentation may constitute "analogous information" as defined in National Instrument Standards of Disclosure for Oil and Gas Activities with respect to the certain drilling results, total production in the Montney, number of wells drilled, or offset well production from other producers with operations that are in geographical proximity to or believed to be on trend with NuVista's Montney assets. Management of NuVista believes the information may be relevant to help determine the expected results that NuVista may achieve within NuVista's lands and such information has been presented to help demonstrate the basis for NuVista's business plans and strategies with respect to its Montney assets. There is no certainty that the results of the analogous information or inferred thereby will be achieved by NuVista and such information should not be construed as an estimate of future production levels, reserves or the actual characteristics and quality of NuVista's Montney assets. It should not be assumed that the future net revenues (NPV10) included in this presentation represent the fair market value of the reserves. The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties due to the effects of aggregation. ADVISORY REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS This presentation contains forward looking statements and forward looking information (collectively, "forward looking statements") within the meaning of applicable securities laws. The use of any of the words "will", "may", "expects", "believe", "plans", "potential", "continue", "guidance", and similar expressions are intended to identify forward looking statements. More particularly and without limitation, this presentation contains forward looking statements, with respect to: the ability to close the acquisition and the timing thereof; management's assessment of NuVista's future focus, strategy, plans, opportunities and operations; NuVista's 110,000 Boe/d growth plan; the quality of the inventory to be acquired pursuant to the acquisition; future potential reserve bookings from the acquired assets; expected future production and condensate gas ratios from the acquired assets; expectations that the acquisition will be accretive on all long term metrics; expectations that NuVista will achieve full field development of its assets and the acquired assets; plans to arrange egress for Montney development growth; NuVista's business plan to maintain pro forma net debt/cash flow under 2x; NuVista's plans to add value to the acquired assets, and the create additional value and shareholder returns as the acquired assets are developed; the expected purchase price of the acquisition; 2018 and 2019 pro forma capex breakdowns; drilling economics, capital deployment opportunities associated with the acquired assets; the estimated production decline rate of the acquired assets; NuVista's future production; proved plus probable drilling locations; market egress and hedging plans; plans to focus on new term cash flow generation; NuVista's full field development production capacity and production mix targets; the development potential of the acquired assets; future facility capacity and optionality; well inventory; drilling and completion opportunities and plans; anticipated future facility capacity; future processing options; natural gas price diversification plans; and illustrative 2022 revenue by product type. Statements relating to "reserves" and "resources" are also deemed to be forward looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves or resources described exist in the quantities predicted or estimated and that the reserves or resources can be profitably produced in the future. August
5 Advisories ADVISORY REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS (continued) By their nature, forward looking statements are based upon certain assumptions and are subject to numerous risks and uncertainties, some of which are beyond NuVista's control, including the ability to close the acquisition and the timing thereof, the impact of general economic conditions, industry conditions, current and future commodity prices, currency and interest rates, anticipated production rates, borrowing, operating and other costs and cash provided by operating activities, the timing, allocation and amount of capital expenditures and the results therefrom, anticipated reserves and resources and the imprecision of reserve and resource estimates, the performance of existing wells, the success obtained in drilling new wells, the sufficiency of budgeted capital expenditures in carrying out planned activities, access to infrastructure and markets, competition from other industry participants, availability of qualified personnel or services and drilling and related equipment, stock market volatility, effects of regulation by governmental agencies including changes in environmental regulations, tax laws and royalties; the ability to access sufficient capital from internal sources and bank and equity markets; obtaining the necessary regulatory approvals to complete the acquisition and other transactions referred to herein on the terms and timing contemplated and including, without limitation, those risks considered under "Risk Factors" in NuVista's Annual Information Form. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking statements. NuVista's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements, or if any of them do so, what benefits NuVista will derive therefrom. NuVista has included the forward looking statements in this presentation in order to provide readers with a more complete perspective on NuVista's future operations and such information may not be appropriate for other purposes. NuVista disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as required by law. August
6 Pipestone Asset Acquisition Strategic Rationale "More Value Per Share Short & Long Term" Exceptional opportunity that expands NuVista's line-of-sight to over 110,000 Boe/d with a well inventory that adds the best to our best High quality asset Condensate-rich proven production from all four Montney benches on or adjacent to acquired lands 90% of Proved plus Probable ("P + PA") reserves booked in just one zone thus far Condensate gas ratios expected to be Bbls/MMcf in full development, bringing anticipated corporate average to 70+ Bbls/MMcf Contiguous, well delineated land-base in an area with active infrastructure expansion Accretive, higher value per share Line of sight to over 110,000 Boe/d (32+% condensate) from 60,000 Boe/d (30% condensate) In , cash provided by operating activities from the acquired assets will be used to fund additional growth on NuVista s existing assets while arranging egress and optimizing facilities planning for growth from the acquired assets Growth from the Pipestone area could commence as early as Q setting up 2020 production levels to pass through 75,000 Boe/d on our path to 110,000 Boe/d Maintains financial strength and flexibility Leverage NuVista proven track record of execution and continuous improvement to add value NuVista is ideally positioned to drive substantial value creation and shareholder returns as the asset is developed August
7 Pipestone Asset Acquisition Summary $625 million acquisition of premium Pipestone assets from Cenovus 35,250 net Montney acres (86% WI), predominantly contiguous 52,800 net acres of other Triassic lands 200 metres thick Montney interval with four proven benches Premium drilling economics; significant capital deployment opportunity offering industry leading returns Production of 9,600 Boe/d, ~46% oil and liquids (1) Low decline of ~22% (2) 39% operated WI in ~100 MMcf/d Wembley deep cut plant and gathering system (1) August 2018 Based on Cenovus field estimates of average production between June 1 12, (2) Based on the GLJ Acquisition Reserve Report.
8 Cal Day Gas Avg (MMcf/d) Prod Well Count Montney In The Right Neighborhood Condensate-Rich Montney Industry Growth Continues High level of industry activity continues > 900 Industry Montney HZ wells licensed and/or drilled to date (1) Elmworth to Kakwa Montney HZ Activity Update Incoming Incoming Montney Montney Acreage Acreage Montney gas production nearing 1.2 Bcf/d (1) Elmworth to Kakwa Production Growth (1,2) 1200 Cal Gas Rate Prod Well Count NuVista Encana Paramount Sinopec-Daylight CNRL Seven Generations Shell Montney Licenses and Hz Wells August 2018 (1) Source: geoscout. (2) Excludes southern areas of Alberta Condensate-rich Montney (Resthaven and Simonette). Map is an estimate of Industry land positions compiled by NuVista from public data. Certain information in this slide constitutes analogous information, see Advisory Regarding Oil and Gas Information. 7
9 The New NuVista Adding More to the Best of Our Economic Returns Pure-Play Montney Company In The Right Neighborhood Balance Sheet Strength Funded Growth Plan with Great Economics Clear Line-of-Sight to 60,000 Boe/d Now 110,000 Boe/d Inventory Underpinned by Four Established Development Blocks Wellhead-to-Market Egress Plan In-Place + Rolling Hedging Program 30%+ Condensate Production Torque to Oil Price Proven Track Record of Execution & Continuous Improvement August
10 Capital Expenditure Highlights Focusing on Near-term Cash Flow Generation while Laying the Foundation Future Growth 2018 Pro Forma Capex Breakdown 2019 Pro Forma Capex Breakdown ~$30 MM ~$20 MM ~$50 MM ~$110 MM ~$260 MM ~$350 MM 2018 Drill, Complete, Equip & T/I Facilities & Water Management Maintenance, Corporate & Other 2018 Capex Guidance $325 $350 million Focused on dev drilling to fill existing capacity and the first tranche of production into the new gas plant ~28 wells drilled (~3-4 rig program) Long-lead Pipestone compressor items 2019 Capex Plan $450 $500 million Dev drilling at Bilbo and Elmworth; initial growth into the new Wapiti gas plant at Gold Creek and Pipestone ~40 wells drilled (~4-5 rig program) Construct Pipestone compressor and water hub August
11 P Line-of-Sight now to 110,000+ Boe/d Four Development Blocks Established Pipestone Position Increased Significantly Pipestone Footprint & Targets Significantly Augmented Four layer development potential in the Montney Multiple gas plants proceeding or under construction in the area Forecast production ~35-40% condensate or Bbls/MMcf Acquisition adds 50,000 Boe/d well inventory (1) total expected full field development now 60,000 Boe/d Gold Creek On Production NVA footprint provides optionality in well length (ERH) Full development into 2019 SemCAMS Wapiti gas plant Forecast production ~30% condensate 18,000 Boe/d expected facility capacity and well inventory (2) Elmworth Cash Provided by Elmworth Operating Activities Generation Existing NVA owned compression and long-term firm service agreement for 100% of volumes Current production ~22% condensate 19,000+ Boe/d existing facility capacity and well inventory (2) Bilbo Cash Provided by Operating Activities Generation Existing NVA owned compression and long-term firm service agreement for 100% of volumes Current production ~40% condensate 18,000+ Boe/d existing facility capacity and well inventory (2) (1) Based on NuVista estimates. (2) August 2018 Well inventory is expected to be sufficient to produce at facility capacity for at least 10 years, see Advisory Regarding Oil and Gas Information. 10
12 Stratigraphy & Well Placement CVE Pipestone Pipestone area has four well developed zones NVA Pipestone Elmworth Gold Creek Bilbo D C B Lower Montney 5% Gas Filled Porosity Zone Tested Planned Future Target Middle Montney Lower Montney August
13 Development Underpinned by Robust Established and Emerging Inventory Montney 'A' Reserves & Resource Montney Wells Montney A HZ Wells Montney Lands Montney 2P Reserves Montney 2C Resources Montney 'B' Reserves & Resource Montney Wells Montney B HZ Wells Montney Lands Montney 2P Reserves Montney 2C Resources Montney 'C+D' Reserves & Resource Montney Wells Montney D HZ Wells Montney C HZ Wells Montney Lands Montney 2P Reserves Montney 2C Resources Montney Well and Location Count Breakdown (1) (Gross) Bilbo West Bilbo Elmworth Gold Creek Pipestone Incoming Pipestone Post Pipestone Acquisition Developed Wells Undeveloped 2P Locations Undeveloped 2C Locations TBC 568+ Total Wells + Locations ,064+ (1) Based on the NuVista Reserves Report and GLJ Contingent Resource Report, other than the inventory under the column entitled Incoming Pipestone, which is based on the Acquisition Reserves Report, see August 2018 Advisory Regarding Oil and Gas Information. 12
14 Montney Raw Gas Capacity (MMcf/d) Market Egress Plan Material Capacity Secured Plus Significant Optionality Around Future Additions Towards 110,000 Boe/d Montney Capacity (Boe/d) ,000+ Boe/d Montney Production Potential 120, This growth on the Acquired Assets could commence as early as 2019 but we have conservatively not counted on that 100,000 80, , Egress Secured 40,000 20, Pipestone Expected Future Capacity Pipestone Secured Capacity Gold Creek Secured Bilbo Secured Elmworth Secured August
15 Multiple Existing and Future Processing Options Cenovus Wembley Keyera Pipestone Part of Acquired Assets Facility SemCAMS K3 Existing Gas Plants NuVista Ownership or Firm Capacity In Place NuVista Firm Downstream Capacity Excess Capacity Available X CSV Albright Keyera Simonette X Tidewater Pipestone SemCAMS Pipestone Planned Gathering Lines Planned Gathering Lines (approx.) Cenovus Wembley Facility Future Gas Plants Status NuVista Ownership or Firm Capacity Contracted X Excess Capacity Available SemCAMS Wapiti Constructing Keyera Wapiti #1 & #2 SemCAMS Wapiti Keyera Wapiti Plant #1 Keyera Wapiti Plant #2 Constructing X X Announced X SemCAMS Pipestone Proposed X SemCAMS Raw Gas Pipeline Keyera Raw Gas and C5+ P/L Existing Gas Plant Proposed or Future Gas Plant Tidewater Pipestone Constructing X CSV Albright Proposed X Keyera Pipestone Constructing X August
16 Pct. of Forecast Gas Production Market Egress Plan In-Place Natural Gas Price Diversification NuVista has contracted for firm transportation on export pipelines to diversify pricing exposure Ongoing rolling hedging program and financial basis hedges further diversify price exposure We continue to evaluate future opportunities for diversification Acquired gas volumes temporarily increase AECO exposure however favorable condensate ratios of new development volumes more than offset AECO exposure through higher profitability Minor 2018 AECO Exposure Natural Gas Price Diversification Full-Field Target Revenue by Product Type Hedged NYMEX Floating Chicago Floating California Floating Dawn Floating AECO Floating Natural Gas NGL's Condensate 100% 14% 75% 50% 11% 13% 7% 39% 40% 11% 9% 9% 10% 5% 3% 34% 7% 6% 2% 41% 8% 6% 3% 23% 7% 25% 56% 11% 24% 38% 50% 43% 70% 0% H * This pie chart is provided by NuVista for illustrative purposes and is based on the assumptions below. * Production of 110,000 Boe/d, comprised of 60% Natural Gas, 8% NGL's and 32% Condensate. * Pricing Assumptions: WTI (USD$65/Bbl); AECO (C$1.90/GJ); Fx (CAD:USD): 1.25:1 August
17 Pipestone Acquisition Detail Acreage (Gross / Net Sections) Montney 63.8 Gross 55.1 Net Other Gross 82.5 Net Well Count (Gross / Net) (1) Montney Non-Montney Total 30 / / / Oil + C5+ Gas NGL BOE Sales Production (Boe/d or MMcf/d) (2) Montney Non-Montney (Doig/Hlfy) Non-Montney (Other) Total 1, , , ,194 7,983 1, ,620 ~23% Condy + Oil Reserves (MMBOE/$MM NPV10) (3) NuVista Incoming Montney Incoming Non-Mntn Montney Licenses and Hz Wells Montney Non-Montney Total PDP 19 / $163 4 / $43 22 / $206 2P 151 / $1,149 6 / $ / $1,212 (1) As of June 30, (2) August 2018 Based on Cenovus field estimates of average production between June 1 12, (3) Based on the Acquisition Reserves Report, see "Advisory Regarding Oil and Gas Information.
18 Technical Overview Contiguous acreage with year round access - Ideally suited for ERH development TVD of reservoir shallower than much of NVA existing acreage lower D & C costs Core acquired acreage is located ideally across the Condensate Volatile Oil transition window Reservoir significantly over-pressured and of outstanding quality 4 Zones with existing economic production within or in close proximity to core acreage H 2 S values within range of NVA existing operations Acquired core acreage reservoir is more of the best of what we already do August
19 Pipestone Montney Acquisition Creates Material Growth Opportunity Pipestone Activity Pipestone Highlights Up to 4 developable layers All have been proven productive on or adjacent to NuVista Lands 28 Montney HZ Wells producing Abundant offsetting production information 90% of wells completed with 0.3 to 0.8 T/m proppant room to grow frac intensity Combination of frac fluids utilized few slickwater Condensate yield expected to average 50+ Bbls/MMcf on current base production development yields ( and beyond) expected to be 80+ Bbls/MMcf as a result of the successful application of NuVista s drilling and completion technologies NVA successfully tested first Pipestone well in 2017 NVA successfully tested first Lower Montney well in late 2017 Montney 'D' HZ Wells Montney 'C' HZ Wells Montney 'B' HZ Wells Lwr. Montney HZ Wells *Map of activity at Pipestone is compiled from public data Certain information in this slide constitutes analogous information, see "Advisory Regarding Oil and Gas Information". August
Corporate Presentation. March 2018
Corporate Presentation March 218 Advisory Regarding Forward-Looking Information and Statements This presentation contains forward-looking statements and forward-looking information within the meaning of
More informationCorporate Presentation. December 2017
Corporate Presentation December 2017 Advisory Regarding Forward-Looking Information and Statements This presentation contains forward-looking statements and forward-looking information within the meaning
More informationCorporate Presentation. May 2017
Corporate Presentation May 2017 Advisory Regarding Forward-Looking Information and Statements This presentation contains forward-looking statements and forward-looking information within the meaning of
More informationNUVISTA ANNOUNCES ACQUISITION OF PREMIUM PIPESTONE ASSET, $419 MILLION EQUITY OFFERING AND GROWTH PLAN TO OVER 110,000 BOE/D
NUVISTA ANNOUNCES ACQUISITION OF PREMIUM PIPESTONE ASSET, $419 MILLION EQUITY OFFERING AND GROWTH PLAN TO OVER 110,000 BOE/D NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
More informationQ First Quarter Report
Q1 2017 First Quarter Report Financial and Operating Highlights 2017 2016 Financial ($000, except as otherwise indicated) Sales including realized hedging $ 72,957 $ 41,625 Funds from operations $ 53,972
More informationCHINOOK ENERGY INC. ANNOUNCES FOURTH QUARTER 2016 RESULTS AND PROVIDES OPERATIONAL UPDATE
CHINOOK ENERGY INC. ANNOUNCES FOURTH QUARTER 2016 RESULTS AND PROVIDES OPERATIONAL UPDATE CALGARY, ALBERTA March 23, 2017 Chinook Energy Inc. ("our", "we", or "us") (TSX: CKE) is pleased to announce its
More informationAccelerating Condensate Development in the Heart of the Montney While Retaining Capital Flexibility
Accelerating Condensate Development in the Heart of the Montney While Retaining Capital Flexibility Investor Presentation TSX: AAV March 2019 ADVANTAGE AT A GLANCE TSX 52-week trading range $1.80 - $4.80
More informationRecord Q Production & Three Year Plan to Accelerate Pipestone Condensate Development
Record Q3 2018 Production & Three Year Plan to Accelerate Pipestone Condensate Development Investor Presentation TSX: AAV December 2018 ADVANTAGE AT A GLANCE TSX 52 week trading range $1.82 $5.73 Shares
More informationCEQUENCE ENERGY ANNOUNCES 35% GROWTH IN RESERVES AND 2012 FINANCIAL AND OPERATING RESULTS
CEQUENCE ENERGY ANNOUNCES 35% GROWTH IN RESERVES AND 2012 FINANCIAL AND OPERATING RESULTS CALGARY, March 7, 2013 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: "CQE") is pleased to announce its
More informationTSX-V: BBI February 2018
February 2018 A Confluence of Positive Factors BLACKBIRD LIFE CYCLE MARKET CONDITIONS BLACKBIRD VALUE PROPOSITION Social License LARGE, CONTIGUOUS LAND BLOCK 134 GROSS SECTIONS Alberta Jurisdiction CASH
More informationCorporate Presentation. August 2016
Corporate Presentation August 2016 Future Oriented Information (See additional advisories at the end of this document) In the interest of providing information regarding Paramount Resources Ltd. ("Paramount"
More informationCorporate Presentation. January 2017
Corporate Presentation January 2017 Future Oriented Information (See additional advisories at the end of this document) In the interest of providing information regarding Paramount Resources Ltd. ("Paramount"
More informationQ First Quarter Report
Q1 2018 First Quarter Report Financial and Operating Highlights 2018 2017 Financial ($000, except as otherwise indicated) Sales including realized hedging $ 73,378 $ 72,957 Net income and comprehensive
More informationGlacier Montney Outperformance Improves Capital Efficiencies, Enables Lower Capital and Maintains Future Production Growth. Highly Efficient 2014
Glacier Montney Outperformance Improves Capital Efficiencies, Enables Lower Capital and Maintains Future Production Growth. Highly Efficient 2014 Reserve Additions Reaffirms High Quality Glacier Asset.
More informationCEQUENCE ENERGY LTD. ANNOUNCES OVER 36 % GROWTH IN RESERVES AND RESERVE VALUE AND FOURTH QUARTER AND YEAR END 2011 RESULTS
CEQUENCE ENERGY LTD. ANNOUNCES OVER 36 % GROWTH IN RESERVES AND RESERVE VALUE AND FOURTH QUARTER AND YEAR END 2011 RESULTS CALGARY, March 8, 2012 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX:
More informationCorporate Presentation. April, 2017
Corporate Presentation April, 2017 Future Oriented Information (See additional advisories at the end of this document) In the interest of providing information regarding Paramount Resources Ltd. ("Paramount"
More informationLiquid Rich Montney Natural Gas Resource Play In the Deep Basin - West Central Alberta Q3 2012
Liquid Rich Montney Natural Gas Resource Play In the Deep Basin - West Central Alberta Q3 2012 Forward-looking Statement Certain information and statements contained in this presentation contain forward-looking
More informationRMP Energy Reports Second Quarter 2017 Results and Provides Initial Elmworth Production Information
RMP Energy Reports Second Quarter 2017 Results and Provides Initial Elmworth Production Information CALGARY, Alberta, Aug. 14, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. ( RMP or the Company ) (TSX:RMP)
More informationStrategic Transactions Review. July 2017
Strategic Transactions Review July 2017 Future Oriented Information In the interest of providing information regarding Paramount Resources Ltd. ("Paramount", "PRL" or the "Company") and its future plans
More informationCorporate Presentation. March 2017
Corporate Presentation March 2017 Future Oriented Information (See additional advisories at the end of this document) In the interest of providing information regarding Paramount Resources Ltd. ("Paramount"
More informationAdvantage Announces 2011 Year End Financial Results and Provides Interim Guidance
Press Release Page 1 of 10 Advantage Oil & Gas Ltd Advantage Announces 2011 Year End Financial Results and Provides Interim Guidance (TSX: AAV, NYSE: AAV) CALGARY, ALBERTA, March 22, 2012 ( Advantage or
More informationLiquids-Rich Montney Natural Gas Resource Play in Alberta s Deep Basin Q4 2012
Liquids-Rich Montney Natural Gas Resource Play in Alberta s Deep Basin Q4 2012 Forward-Looking Statements Certain information and statements contained in this presentation contain forward-looking information
More informationApril 2017 ACCELERATING HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD-CLASS MONTNEY BIGSTONE REGION
ACCELERATING HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD-CLASS MONTNEY BIGSTONE REGION FORWARD-LOOKING STATEMENTS AND IMPORTANT NOTES The presentation contains forward-looking statements and forward-looking
More informationDisposition of Non-Core Assets
Press Release Page 1 of 5 Advantage Oil & Gas Ltd Advantage Announces Disposition of Non-core Assets, Glacier Montney Update, Appointment of Financial Advisors and Natural Gas Hedging for 2013 (TSX: AAV,
More informationDELPHI ENERGY ANNOUNCES CLOSING OF DISPOSITION OF WAPITI ASSETS
DELPHI ENERGY ANNOUNCES CLOSING OF DISPOSITION OF WAPITI ASSETS CALGARY, ALBERTA July 22, 2015 Delphi Energy Corp. ( Delphi or the Company ) is pleased to report that it has closed the previously announced
More informationCorporate Presentation
TSX: VII.TO Corporate Presentation January 2017 Important Notice General Advisory The information contained in this presentation does not purport to be allinclusive or contain all information that readers
More informationMANAGEMENT S DISCUSSION AND ANALYSIS
MANAGEMENT S DISCUSSION AND ANALYSIS Management s discussion and analysis ( MD&A ) of financial conditions and results of operations should be read in conjunction with NuVista Energy Ltd. s ( NuVista or
More informationAthabasca Oil Corporation Announces 2018 Year end Results
FOR IMMEDIATE RELEASE March 6, 2019 Athabasca Oil Corporation Announces 2018 Year end Results CALGARY Athabasca Oil Corporation (TSX: ATH) ( Athabasca or the Company ) is pleased to provide its 2018 year
More informationCORPORATE STRATEGY PRESENTATION. March 2017
CORPORATE STRATEGY PRESENTATION FORWARD-LOOKING STATEMENTS AND IMPORTANT NOTES The presentation contains forward-looking statements and forward-looking information within the meaning of applicable Canadian
More informationAccelerating Condensate Development in the Heart of the Montney While Retaining Capital Flexibility
Accelerating Condensate Development in the Heart of the Montney While Retaining Capital Flexibility Investor Presentation TSX: AAV April 2019 ADVANTAGE AT A GLANCE TSX 52-week trading range $1.80 - $4.80
More informationCEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE AND 2014 RESERVES AND FINANCIAL AND OPERATING RESULTS
CEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE AND 2014 RESERVES AND FINANCIAL AND OPERATING RESULTS CALGARY, March 5, 2015 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce
More informationDELPHI ENERGY RELEASES YEAR END 2015 RESERVES
DELPHI ENERGY RELEASES YEAR END 2015 RESERVES CALGARY, ALBERTA February 29, 2016 Delphi Energy Corp. ( Delphi or the Company ) is pleased to report its crude oil and natural gas reserves information for
More informationTSXV: TUS September 8, 2015
TSXV: TUS September 8, 2015 TSXV: TUS SEPTEMBER 8, 2015 2 Why Buy Tuscany Now? Tuscany has built a large inventory of horizontal oil locations on properties with significant potential oil in place 80 to
More informationCEQUENCE ENERGY ANNOUNCES 2015 INDEPENDENT RESERVES EVALUATION
CEQUENCE ENERGY ANNOUNCES 2015 INDEPENDENT RESERVES EVALUATION CALGARY, February 22, 2016 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the results of its year end
More informationPETRUS RESOURCES ANNOUNCES FOURTH QUARTER AND YEAR END 2017 FINANCIAL & OPERATING RESULTS AND YEAR END RESERVE INFORMATION
PETRUS RESOURCES ANNOUNCES FOURTH QUARTER AND YEAR END 2017 FINANCIAL & OPERATING RESULTS AND YEAR END RESERVE INFORMATION CALGARY, ALBERTA, Thursday, March 8 th, 2018 Petrus Resources Ltd. ( Petrus or
More informationACQUISITION OF SPARTAN ENERGY CORP. APRIL 2018
ACQUISITION OF SPARTAN ENERGY CORP. APRIL 2018 ACQUISITION OF SPARTAN ENERGY CORP. ACQUISITION DETAILS Vermilion to acquire Spartan Energy Corp. for total consideration of $1.40 billion, comprised of $1.23
More informationInvestor Presentation TSX, NYSE: AAV July, Page 1
Pure Play Montney Producer with a proven operating team, industry leading cost structure & clear visibility to a significant drilling inventory creates a solid foundation for multi-year growth Investor
More informationRMP Energy Announces $80 Million Disposition of Assets and Name Change
RMP Energy Announces $80 Million Disposition of Assets and Name Change CALGARY, Alberta, Sept. 01, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. ( RMP or the Company ) (TSX:RMP) is pleased to announce that
More informationMANAGEMENT S DISCUSSION AND ANALYSIS
MANAGEMENT S DISCUSSION AND ANALYSIS Management s discussion and analysis ( MD&A ) of financial conditions and results of operations should be read in conjunction with NuVista Energy Ltd. s ( NuVista or
More informationAdvantage Production Reaches 183 mmcfe/d Target During Commissioning of Expanded Glacier Plant in July Excess Standing Well Productivity &
Advantage Production Reaches 183 mmcfe/d Target During Commissioning of Expanded Glacier Plant in July 2015. Excess Standing Well Productivity & Spare Plant Capacity Sets the Foundation for Low Risk Development
More informationMARQUEE ENERGY LTD. ANNOUNCES DELEVERAGING TRANSACTION WITH SONDE RESOURCES AND CONSOLIDATION OF OIL FOCUSED MICHICHI CORE AREA
MARQUEE ENERGY LTD. ANNOUNCES DELEVERAGING TRANSACTION WITH SONDE RESOURCES AND CONSOLIDATION OF OIL FOCUSED MICHICHI CORE AREA NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
More informationSPARTAN ENERGY CORP. ANNOUNCES STRATEGIC LIGHT OIL ASSET ACQUISITION IN SOUTHEAST SASKATCHEWAN AND $505 MILLION EQUITY FINANCINGS
Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES STRATEGIC LIGHT OIL ASSET ACQUISITION IN SOUTHEAST SASKATCHEWAN AND $505
More informationAnnual and Special Shareholder Meeting May 17, 2018
Annual and Special Shareholder Meeting May 17, 2018 2017 in Review Mandate: Increase light oil exposure Increase netbacks Reduce operating Costs Maintain dividend 2 Grande Prairie Acquisition (March 2017)
More information2011 Annual Report. Non-Consolidated Financial and Operating Highlights (1) Year ended December 31, Three months ended December 31, 2010
2011 Annual Report Non-Consolidated Financial and Operating Highlights (1) Three months ended December 31, 2011 Three months ended December 31, 2010 December 31, 2011 December 31, 2010 Financial ($000,
More informationNEWS RELEASE. March 21, 2017
NEWS RELEASE March 21, 2017 RMP Energy Provides Operations Update Highlighting Elmworth Delineation Success, Updates Market Guidance and Reports Year-End Reserves and Fiscal 2016 Financial Results Calgary,
More informationCequence Energy Ltd. Restructured and Focused January 2019 TSX:CQE 1
Cequence Energy Ltd. Restructured and Focused January 2019 TSX:CQE 1 Summary of Forward-Looking Statements or Information FORWARD- LOOKING INFORMATION AND DEFINITIONS Certain information included in this
More informationSPARTAN ENERGY CORP. ANNOUNCES STRATEGIC SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITION
Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES STRATEGIC SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITION CALGARY, ALBERTA (May
More informationTSX-V: BBI February 2018
February 2018 A Confluence of Positive Factors BLACKBIRD LIFE CYCLE MARKET CONDITIONS BLACKBIRD VALUE PROPOSITION Social License LARGE, CONTIGUOUS LAND BLOCK 134 GROSS SECTIONS Alberta Jurisdiction CASH
More informationTSX-V: BBI March 2018
March 2018 A Confluence of Positive Factors BLACKBIRD LIFE CYCLE MARKET CONDITIONS BLACKBIRD VALUE PROPOSITION Social License LARGE, CONTIGUOUS LAND BLOCK 134 GROSS SECTIONS Alberta Jurisdiction CASH ON
More informationNEWS RELEASE FEBRUARY 14, 2018 TOURMALINE ADDS 558 MMBOE OF 2P RESERVES, GROWS LIQUID RESERVES BY 73% AND 2P RESERVE VALUE BY $2.
NEWS RELEASE FEBRUARY 14, 2018 TOURMALINE ADDS 558 MMBOE OF 2P RESERVES, GROWS LIQUID RESERVES BY 73% AND 2P RESERVE VALUE BY $2.4 BILLION (1) Calgary, Alberta - Tourmaline Oil Corp. (TSX:TOU) ( Tourmaline
More informationSeven Generations board approves $1.25 billion capital budget in 2019
JANUARY 10, 2019 TSX: VII Seven Generations board approves $1.25 billion capital budget in 2019 Includes $1.1 billion to maintain production and $150 million for infrastructure and delineation projects
More informationDELPHI ENERGY CORP. REPORTS 2018 YEAR END RESULTS
DELPHI ENERGY CORP. REPORTS 2018 YEAR END RESULTS CALGARY, ALBERTA March 13, 2019 Delphi Energy Corp. ( Delphi or the Company ) is pleased to announce its financial and operational results for the year
More informationCorporate Presentation
TSX: VII.TO Corporate Presentation January 2017 Important Notice General Advisory The information contained in this presentation does not purport to be all-inclusive or contain all information that readers
More informationDELPHI ENERGY CORP. REPORTS 2017 YEAR END RESULTS AND RESERVES AND PROVIDES OPERATIONS UPDATE
DELPHI ENERGY CORP. REPORTS 2017 YEAR END RESULTS AND RESERVES AND PROVIDES OPERATIONS UPDATE CALGARY, ALBERTA March 7, 2018 Delphi Energy Corp. ( Delphi or the Company ) is pleased to announce its financial
More informationCORPORATE STRATEGY PRESENTATION DECEMBER 2016
CORPORATE STRATEGY PRESENTATION DECEMBER 216 FORWARD-LOOKING STATEMENTS AND IMPORTANT NOTES The presentation contains forward-looking statements and forward-looking information within the meaning of applicable
More informationCequence Energy Ltd. Restructured and Focused July 27, 2018 TSX:CQE 1
Cequence Energy Ltd. Restructured and Focused July 27, 2018 TSX:CQE 1 Summary of Forward-Looking Statements or Information FORWARD- LOOKING INFORMATION AND DEFINITIONS Certain information included in this
More informationCorporate Presentation. May 2016
Corporate Presentation May 2016 Future Oriented Information (See additional advisories at the end of this document) In the interest of providing information regarding Paramount Resources Ltd. ("Paramount"
More informationCEQUENCE ENERGY LTD. AND OPEN RANGE ENERGY CORP. ANNOUNCE BUSINESS COMBINATION AND $32 MILLION EQUITY FINANCINGS
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CEQUENCE ENERGY
More information2017 Annual Report. Financial and Operating Highlights
2017 Annual Report Financial and Operating Highlights Three months ended 2017 2016 2017 2016 Financial ($000, except as otherwise indicated) Sales including realized hedging $ 65,779 $ 71,090 $ 259,611
More informationQ Second Quarter Report
Q2 2018 Second Quarter Report Financial and Operating Highlights 2018 2017 2018 2017 Financial ($000, except as otherwise indicated) Sales including realized hedging (3) $ 45,319 $ 69,169 $ 118,697 $ 142,126
More informationCorporate Presentation
TSX: VII.TO Corporate Presentation March 2017 Important Notice General Advisory The information contained in this presentation does not purport to be allinclusive or contain all information that readers
More informationCEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE, 2016 FINANCIAL AND OPERATING RESULTS AND RESERVES
CEQUENCE ENERGY ANNOUNCES OPERATIONAL UPDATE, 2016 FINANCIAL AND OPERATING RESULTS AND RESERVES CALGARY, March 13, 2017 Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to provide
More informationNEWS RELEASE CHINOOK ENERGY ANNOUNCES STRATEGIC TRANSACTION TO CREATE A WELL CAPITALIZED MONTNEY FOCUSED GROWTH COMPANY
NEWS RELEASE CHINOOK ENERGY ANNOUNCES STRATEGIC TRANSACTION TO CREATE A WELL CAPITALIZED MONTNEY FOCUSED GROWTH COMPANY CALGARY, ALBERTA June 13, 2016 Chinook Energy Inc. (TSX: CKE) ("Chinook" or the "Company")
More informationSURVIVE TO THRIVE 2016 CAPP SCOTIABANK INVESTMENT SYMPOSIUM
SURVIVE TO THRIVE 2016 CAPP SCOTIABANK INVESTMENT SYMPOSIUM April 12, 2016 1 CORPORATE PROFILE Corporate Summary Q4/2015 Avg. Daily Production 67,934 boe/d Production Mix 1 ~60% liquids/40% gas Corporate
More informationRMP Energy Provides Second Quarter 2012 Financial and Operating Results
NEWS RELEASE August 9, 2012 RMP Energy Provides Second Quarter 2012 Financial and Operating Results Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX:RMP) today provided its financial and operating
More informationApril 2018 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION
April 2018 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION WHY OWN DELPHI. Pure play MONTNEY E&P company with WORLD CLASS ASSETS: Robust well economics driven by: High
More informationTSX-V: BBI March 2018
March 2018 Corporate Snapshot Common Share Trading Symbol Warrant Trading Symbol Shares Basic Fully Diluted Insider Holdings (1) Market Capitalization 52 Week Range (3/26/2018).WT Share Price (3/26/2018)
More informationDriving New Growth TSX:PGF. Peters & Co Presentation September 11, 2018
Driving New Growth Peters & Co Presentation September 11, 2018 Advisories Caution Regarding Forward Looking Information: This presentation contains forward-looking statements within the meaning of securities
More informationBUILT TO LAST. April 2016
BUILT TO LAST April 2016 Built to Last Low Debt Low Decline Strong Capital Efficiencies 2 Cardinal Energy Profile Shares Outstanding (1) TSX: CJ Basic 65,124,209 ergy Ltd. Fully Diluted 67,595,248 Annual
More informationDELPHI ENERGY CORP. REPORTS 2018 YEAR END RESERVES
DELPHI ENERGY CORP. REPORTS 2018 YEAR END RESERVES CALGARY, ALBERTA March 4, 2019 Delphi Energy Corp. ( Delphi or the Company ) is pleased to announce its crude oil and natural gas reserves information
More informationCorporate Presentation
Corporate Presentation April 2019 Advisories In the interest of providing information regarding Paramount Resources Ltd. ("Paramount", "PRL" or the "Company") and its future plans and operations, this
More informationScotiabank CAPP Conference April 2016 CORPORATE PRESENTATION
Scotiabank CAPP Conference April 2016 CORPORATE PRESENTATION DISCLAIMER Certain information regarding RMP Energy Inc. ( RMP ) (the Company ) contained within this corporate presentation may constitute
More informationJanuary SemGroup and KKR Form Canadian Joint Venture and Acquire Meritage Midstream ULC
January 2019 SemGroup and KKR Form Canadian Joint Venture and Acquire Meritage Midstream ULC Non-GAAP Financial Measures SemGroup s non-gaap measures, Adjusted EBITDA, Cash Available for Dividends (CAFD)
More informationQ4 and Year End 2017 Results Conference Call
ENCANA CORPORATION Q4 and Year End 2017 Results Conference Call February 15, 2018 QUALITY CORPORATE RETURNS Encana today: Great portfolio with large inventory Strong balance sheet Disciplined capital allocation
More informationPOSITIONED FOR LIQUIDS RICH GAS GROWTH
POSITIONED FOR LIQUIDS RICH GAS GROWTH September 2017 1 Summary of Forward Looking Statements or Information FORWARD LOOKING INFORMATION AND DEFINITIONS Certain information included in this presentation
More informationLow Risk Glacier Montney Development, Strong Balance Sheet & Hedging Program Supports Profitable & Sustainable Growth
Low Risk Glacier Montney Development, Strong Balance Sheet & Hedging Program Supports Profitable & Sustainable Growth Investor Presentation TSX / NYSE: AAV September 2015 ADVANTAGE: AT A GLANCE Canadian
More informationQ Results Conference Call
ENCANA CORPORATION Q1 2018 Results Conference Call May 1, 2018 ON TRACK FOR A STRONG 2018 & 5 YEAR PLAN On track to deliver >30% annual production growth* within cash flow Ŧ Core assets on track to deliver
More informationJanuary 2018 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION
January 2018 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION WHY OWN DELPHI. Pure play MONTNEY E&P company with WORLD CLASS ASSETS: Robust well economics driven by: High
More informationPOSITIONED FOR LIQUIDS-RICH GAS GROWTH
POSITIONED FOR LIQUIDS-RICH GAS GROWTH December 2017 1 Summary of Forward-Looking Statements or Information FORWARD- LOOKING INFORMATION AND DEFINITIONS Certain information included in this presentation
More informationTuscany has built a large inventory of horizontal oil locations
TSXV: TUS June 2015 TSXV: TUS June 2015 2 Why Buy Tuscany Now? Tuscany has built a large inventory of horizontal oil locations 80 to 191 potential locations in eight areas (1) 34 of potential locations
More informationTSX V: HME. Achieved a two year average F&D cost of $9.22/boe (including changes in FDC) for a recycle ratio of 1.8.
HEMISPHERE ENERGY INCREASES PROVED PLUS PROBABLE RESERVE VALUE BY 77% TO $116.6 MILLION (DISCOUNTED AT 10%), AND NET ASSET VALUE BY 68% TO $1.12 PER SHARE TSX V: HME Vancouver, British Columbia, March
More informationFORM F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION. Year Ended December 31, 2016
FORM 51-101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION Year Ended December 31, 2016 March 2, 2017 TABLE OF CONTENTS DATE OF STATEMENT AND RELEVANT DATES... 1 DISCLOSURE OF RESERVES
More informationQ2 Results Conference Call
ENCANA CORPORATION Q2 Results Conference Call July 24, 215 DEMONSTRATING RESULTS AT TODAY S PRICES Better Wells, Lower Costs, Increasing Inventory Achieving strong well performance across the 4 strategic
More informationAnnual Production Budget
Strong Glacier Operating Results Generate Surplus Cash & Strengthens Balance Sheet to 0.7x D/CF as of June 30, 2017. Delineation Drilling Commenced on Undeveloped Montney Lands" Enercom Presentation Denver,
More informationMANAGEMENT S DISCUSSION AND ANALYSIS
MANAGEMENT S DISCUSSION AND ANALYSIS Management s discussion and analysis ( MD&A ) of financial conditions and results of operations should be read in conjunction with NuVista Energy Ltd. s ( NuVista or
More informationSeptember 28, 2018 SEPTEMBER PRESENTATION
September 28, 2018 SEPTEMBER PRESENTATION BIGSTONE PROLIFIC, LIQUIDS RICH MONTNEY Pure play MONTNEY E&P company with WORLD CLASS ASSETS: Successful delineation drilling to the west and south Growing condensate
More informationBAYTEX ANNOUNCES 2019 BUDGET
BAYTEX ANNOUNCES 2019 BUDGET CALGARY, ALBERTA (December 17, 2018) - Baytex Energy Corp. ( Baytex ) (TSX, NYSE: BTE) announces that its Board of Directors has approved a 2019 capital budget of $550 to $650
More informationto announce Operating Results March 22, 2011 boe/d. $38.5 million to funds from cash flow for $45.1 million the increasing optimization of our other
Press Release Advantage Oil & Gas Ltd Page 1 of 6 News Release Advantage Announces 2010 Year End Financial Results Glacier Production Exceeding 100 mmcf/d March 22, 2011 (TSX: AAV, NYSE: AAV) CALGARY,
More informationNEWS RELEASE FEBRUARY 20, 2019 TOURMALINE ADDS 338 MMBOE OF RESERVES IN 2018, 2P RESERVES INCREASED TO 2.46 BILLION BOE
NEWS RELEASE FEBRUARY 20, 2019 TOURMALINE ADDS 338 MMBOE OF RESERVES IN 2018, 2P RESERVES INCREASED TO 2.46 BILLION BOE Calgary, Alberta - Tourmaline Oil Corp. (TSX:TOU) ( Tourmaline or the ) is pleased
More informationFIRST QUARTER REPORT 2014
FIRST QUARTER REPORT 2014 HIGHLIGHTS ($ thousands, except per share and per unit amounts) 2014 2013 % Change Operating Petroleum and natural gas sales 40,893 32,201 27 Production: Oil (bbl/d) 1,337 1,727
More informationTHIRD QUARTER 2018 MANAGEMENT S DISCUSSION AND ANALYSIS
THIRD QUARTER MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE THREE AND NINE MONTHS ENDED APRIL 30, AND Blackbird Energy Inc. Third Quarter Management s Discussion and Analysis This Management's Discussion
More informationPoint Loma Resources Announces Third Quarter 2018 Financial and Operating Results
Point Loma Resources Announces Third Quarter Financial and Operating Results Calgary, Alberta, November 23, : Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or Point Loma ) is pleased
More informationHIGHLIGHTS Production Growth in Q1 2018: Increased Montney Condensate Production: Robust Greater Septimus Netbacks Support Adjusted Funds Flow:
Crew Energy Inc. (TSX: CR) ( Crew or the Company ) is pleased to announce our operating and financial results for the three month period. HIGHLIGHTS Production Growth in Q1 2018: At 25,939 boe per day,
More informationCHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2017 RESULTS
CHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2017 RESULTS CALGARY, ALBERTA August 10, 2017 Chinook Energy Inc. ("our", "we", or "us") (TSX: CKE) is pleased to announce its second quarter 2017 financial
More informationTSX-V: BBI October 2018
October 2018 Corporate Snapshot Common Share Trading Symbol Warrant Trading Symbol Shares Basic Fully Diluted Insider Holdings (1) Market Capitalization 52 Week Range (10/2/2018).WT Share Price (10/2/2018)
More informationMay 2018 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION
May 2018 HIGH-MARGIN, LIQUIDS-RICH PRODUCTION IN THE WORLD- CLASS MONTNEY BIGSTONE REGION WHY OWN DELPHI. Pure play MONTNEY E&P company with WORLD CLASS ASSETS: Robust well economics driven by: High condensate
More informationCREW ENERGY INC. annual report
17 CREW ENERGY INC. annual report ABOUT CREW Crew Energy Inc. ( Crew or the Company ) is a growth-oriented oil and natural gas producer, committed to pursuing sustainable per share growth through a balanced
More informationSUSTAINABLE DIVIDEND & GROWTH May 2018
SUSTAINABLE DIVIDEND & GROWTH May 2018 Cardinal Profile Shares Outstanding TSX: CJ Basic (1) Fully Diluted (excluding debentures) 110.8 MM 114.0 MM 2018 Annual Dividend ($/share) $0.42 2018 Average Production
More informationCalgary, Alberta September 13, 2018 Prairie Provident Resources Inc.
Prairie Provident Resources Inc. Announces Strategic Acquisition of Marquee Energy Ltd. to Unlock Significant Undeveloped Light Oil Growth Potential; Concurrent Flow-Through and Unit Financing Calgary,
More informationTamarack Valley Energy Ltd. Announces Record 2017 Financial and Operating Results and a 53% Increase in Proved Developed Producing Reserves
TSX: TVE Tamarack Valley Energy Ltd. Announces Record 2017 Financial and Operating Results and a 53% Increase in Proved Developed Producing Reserves Calgary, Alberta March 6, 2018 Tamarack Valley Energy
More information