Opportunities in Conventional Gas. Power to Perform. Forward-Looking Statements. Peter s and Co. Toronto. September 16, 2009

Size: px
Start display at page:

Download "Opportunities in Conventional Gas. Power to Perform. Forward-Looking Statements. Peter s and Co. Toronto. September 16, 2009"

Transcription

1 Opportunities in Conventional Gas Peter s and Co. Toronto September 16, 2009 Power to Perform Forward-Looking Statements Certain information regarding PET in this presentation may constitute forward-looking statements under applicable securities laws. Forward-looking statements may be identified by words like forecast, estimated, expected or similar expressions. These forward looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Risks and uncertainties may include, without limitation, risks associated with gas exploration, development, exploitation, production, marketing and transportation, changes to the proposed royalty regime prior to implementation and thereafter, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, capital expenditure costs, including drilling, completion and facilities costs, unexpected decline rates in wells, delays in projects and/or operations resulting from surface conditions, wells not performing as expected, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. These forward looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements as a result of changes in PET s plans, changes in commodity prices, regulatory changes, general economic, market and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. Furthermore, the forward-looking statements contained in this presentation are made as at the date of this presentation and PET does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

2 Business Plan CONVENTIONAL SHALLOW GAS NEW VENTURES ASSET OPTIMIZATION ACCRETIVE ACQUISITIONS + Synergistic To Base Assets Unconventional Viking and Colorado Shale GOB technical solutions CO 2 sequestration & storage Gas storage Bitumen land bank West Holden Mannville CBM MAXIMIZE CASH FLOW HEALTHY BALANCE SHEET High Impact Growth Deep Basin exploration MAXIMIZE DISTRIBUTIONS AND UNITHOLDER VALUE Cash Flow Reinvestment SUSTAINABILITY & DISTRIBUTIONS BASE ASSETS GROWTH CASH FLOW DISTRIBUTIONS NEW VENTURES Cash flow for distribution, reinvestment in shallow gas assets for sustainability and investment in New Ventures for growth

3 Value Creation - The Model Works $/Trust Unit Feb 2003 $8.91/Unit $28.00 $24.00 $20.00 $16.00 $12.00 $8.00 $4.00 $0.00 Feb % 160% 120% 80% 40% 0% Cumulative annual return on initial NAV (%) Distributions to Year end 2008 $13.124/Unit end 2008 $10.63/Unit Year end net asset 5% Annual distributions Year end net asset value plus distributions to date Cumulative rate of return on initial NAV (%) Current distributions - $0.05 per Unit per month Average annual return on NAV = 28% Value growth per Unit since inception = 166% Operations, Assets and Prospect Inventory

4 PET Operations Profile Fort McMurray Natural Gas Focused Asset Base: 5 Core Producing Areas plus Private Explore Co. Conventional Shallow Gas - Mannville and Devonian Unconventional Gas - Viking Resource Play Deep Basin Tight Gas Resource Plays Rock Creek, Notikewin Grande Prairie Athabasca Current Average Daily Production 145 MMcfe/d (24,333 BOE/d) Recent 2009 Voluntary Production Shut-in 40 MMcfe/d (5,833 BOE/d) Total Production Capability MMcfe/d (30,000 BOE/d) Gas over Bitumen Deemed Production 18.5 MMcf/d Edmonton Conventional Shallow Gas Calgary Other Conventional Gas Unconventional Deep Basin Gas Unconventional Shallow Gas Conventional Oil Bitumen Viking P+P Reserves (1) Reserve Life Index (P+P) Undeveloped Land Base (Core Producing Areas) Bcfe 8.0 Years 7 Million net acres E&P New Venture Opportunities: NE Alberta Bitumen Resource Exposure 330,000 net acres Elmworth Montney 50,000 net acres Mannville CBM Asset Optimization Strategy Offset annual production through capital investment targeting to maintain production, reserves and opportunities per Unit Balanced Portfolio Opportunity Inventory - Unrisked Reserve Report Prospect Inventory 2008 Year End P + P Reserves = Bcfe Unrisked Additional Reserve Potential = 1,601 Bcfe Proved & Probable Undeveloped GOB Recompletions Conventional Proved & Probable Developed Unconventional + Oil Sands Other Captured New Ventures Gas Storage CO 2 Sequestration and Storage Mannville CBM As technical understanding advances risk assessment adjusts and risk-discounted potential grows

5 Balanced Portfolio Opportunity Inventory Risk Discounted Reserve Report Prospect Inventory 2008 Year End P + P Reserves = Bcfe Risk-Discounted Additional Reserve Potential = 345 Bcfe Proved & Probable Undeveloped GOB Recompletions Conventional Proved & Probable Developed + Oil Sands Unconventional New Ventures Gas Storage CO 2 Sequestration and Storage Mannville CBM Booked reserves represent <60% of the risk-discounted reserve potential and value of PET Conventional Shallow Gas

6 Shallow Gas Asset Base Characteristics Concentrated operating areas in NE and East Central Alberta Predictable production base Manageable base declines (~19%) High netbacks High working interest Infrastructure ownership and operatorship Opportunity inventory for cost-effective production and reserve additions Concentric exploration and development Undeveloped land to feed the prospect inventory Shallow gas asset base well suited to sustainable cash flow distributing model East Central Alberta Conventional Shallow Gas Economics Rate of Return Break-Even Gas Price Source: Peters & Co. (Fall 2008) Great return on investment in $7.00 gas price environment

7 Conventional Shallow Gas Investment - How Does it Stack Up? Shallow Gas Plays in East Central Alberta have: Highest half cycle and full cycle average rate of return Lowest break-even gas price Most profitable reserve additions (NPV / Mcf 66% higher than average) Lowest risked capital (~$250 - $350K / well) Top Natural Gas Play Types - Western Canada Sedimentary Basin Full Cycle Incremental Well F&D Cost Break-even Index per BOE Rate of NPV 10% NPV/Mcf Price No. Play Type Province (C$/BOE) Return (C$MM) (C$/Mcf) (C$/Mcf) PET - Shallow Gas Alberta $ % $0.33 $0.78 $ Cardium Alberta $ % $1.15 $0.86 $ Montney Horizontal - Kaybob Alberta $ % $2.39 $0.77 $ Edmonton Sands Alberta $ % $0.23 $0.81 $ Generic Gas - Countess/Drumheller Alberta $ % $0.22 $0.76 $ Montney Horizontal - Dawson B.C. $ % $3.11 $0.63 $ Devonian Gas Alberta $7.67 2% $4.90 $0.11 $ CBM - Horseshoe Canyon Alberta $21.83 n/a n/a n/a $ Foothills Halfway B.C. $9.59 n/a $0.42 $0.18 $ Shale Gas Horizontal B.C. $13.23 n/a $2.29 $0.30 $5.40 Note: Rate of return and NPV estimates are based on a C$6.00/Mcf AECO gas price. Incremental wells do not include costs for major facilities, land, and seismic. Source: Peters & Co. The Downside Reserve and value adds per opportunity are relatively small East Central Alberta Conventional Shallow Gas Economics Source: Peters & Co. (June 2009) Investment still warranted if long term gas prices average $6.00/Mcf and cost reduction initiatives persist

8 Conventional Shallow Gas - Challenges Small prospect size means prospect inventory must be large with many unique entities making it difficult to explain and understand Prospect inventory has limited third party engineering endorsement Drilling locations and even uphole completions generally don t meet criteria for booking under NI Limited repeatability = labor intensive technically Difficult for investment community to technically verify scope and risk of prospect inventory Lacks pizzazz for capital markets Smaller than average value potential per prospect means larger number of prospects required for sustainability and growth Opportunity Inventory Undeveloped Land 2.1 million net acres of undeveloped lands Highest in sector relative to size of base assets Unleased fee simple lands with no fixed lessor royalty (~140,000 net acres) Strategic oil sands acreage in northeast Alberta (~322,000 net acres) Active stewardship of undeveloped lands that don t meet risk/reward profile Farmouts, dispositions, share exchange deals, swaps, fee simple land sales Net Undeveloped Acres/BOE/d Peer Group Average (2008) PMT (2008) Net Undeveloped Acres/MBOE Peer Group Average (2008) PMT (2008) 23 Source: CIBC World Markets (4/17/09) Undeveloped land base is three to four times the sector average relative to size

9 Conventional Shallow Gas Prospect Inventory Cretaceous Mannville and Devonian shallow gas Pool extensions, downspacing for new pools on developed lands and low risk exploration on undeveloped lands new drill prospects in various stages of technical delineation Multi-zone objectives reduce risk and enhance reserves and economics Seismic definition and step out of infrastructure drive prospects to drill ready Multi-zone drills generally convert to reserves with uphole completions going into prospect inventory Historical drilling success >90% Inventory continually replenished with Crown and freehold land purchases Play Types - Viking offshore bar play - Channel play - Channel trap play - Stratigraphic updip facies change play - Regional sand drape play - Onlap play - Devonian subcrop play Note: Possibility of multiple stacked play types Prospect Inventory Uphole Completions Risked Unrisked Risked Well Resource Resource Capital Zone Count (BCF) (BCF) ($MM) UnConventional Colorado Conventional Viking Equiv UnConventional Viking Equiv Conventional Upper Mannville Conventional Lower Mannville Conventional Other Conventional Total Uphole Completions Add Production for < $10,000 per flowing Boed and Reserves for < $1/Mcf

10 Conventional Project Economics Northeast Alberta Gas Conventional Shallow Gas - Opportunities Historical Drilling Success Rate Exceeds 90%

11 Net Asset Value - Risk Discounted (1) December 31, 2008 reserves, less production to September 1, 2009 at Sept 11, 2009 forward strip for 2009 and 2010 per McDaniel July 1, 2009 price forecast thereafter (2) 2009 YTD realized and market-to-market value of PET hedge book at September 11, 2009 (3) Bank debt and convertible debentures at September 11, 2009 net of estimated working capital (4) NAV adjusted to reduce price for remainder of 2009 and 2010 by amount indicated net of hedging effects Net Asset Value - Unrisked (1) December 31, 2008 reserves, less production to September 1, 2009 at Sept 11, 2009 forward strip for 2009 and 2010 per McDaniel July 1, 2009 price forecast thereafter (2) 2009 YTD realized and market-to-market value of PET hedge book at September 11, 2009 (3) Bank debt and convertible debentures at September 11, 2009 net of estimated working capital (4) NAV adjusted to reduce price for remainder of 2009 and 2010 by amount indicated net of hedging effects

12 Accretive Acquisitions Alberta Sask. Acquisition History Edmonton Athabasca Fort McMurray Trust Spin-out PRL gas assets in NE Alberta 2003 Ells and Epact Exploration 2004 Marten Hills, Cavell, Athabasca & Saleski 2005 NE Alberta 2006 Acquire Co. in East Central Alberta 2007 Craigend/Radway/Stry Birchwavy Acquisition Calgary

13 Athabasca Acquisition - Value Summary Purchase Price ($MM) Cash Flow / Cap Ex ($MM) Reserves (Bcf) Rolling Reserve Addition Cost ($/BOE) Reserves Acquired (Effective July 1, 2004) $ Cumulative Cash Flow to Dec 31/08 (309.0) (64.9) Capital Expenditures to Dec 31/ Net Cost of Reserves at Year End 2008 (71.0) 24.9 $ E Cash Flow (23.6) (11.2) 2009E Capital Expenditures Net Cost of Reserves at Year End 2009 (91.4) 18.6 $ 0.00 Allocation of hedging gains since acquisition (36.3) Net Cost of Reserves at Year End 2009, with hedging (127.7) 18.6 $ Metrics Months to Payout: 40 months (Oct 2007) Estimated Ultimate ROR: 55% ROR with Hedging: 70% Exit 2009 Production: Reserves at End 2009: PV 10% Reserve Value at End 2009: 28.9 MMcf/d 18.6 Bcf (P+P) $42 MM (1) Future value estimates at September 9, 2009 based on forward strip for 2009 and 2010 per McDaniel July 1, 2009 price forecast thereafter Northeast Alberta Value Summary Purchase Price ($MM) Cash Flow / Cap Ex ($MM) Reserves (Bcf) Rolling Reserve Addition Cost ($/BOE) Reserves Acquired (May 17/05) $ Cumulative Cash Flow to Dec 31/08 (326.3) (61.1) Capital Expenditures to Dec 31/ Net Cost of Reserves at Year End $ E Cash Flow (29.9) (10.3) 2009E Capital Expenditures Net Cost of Reserves at Year End 2009 (26.3) 24.0 $ 0.00 Allocation of hedging gains since acquisition (39.9) Net Cost of Reserves at Year End 2009, with hedging (66.2) 24.0 $ Metrics Months to Payout: 43 months (Jan 2009) Estimated Ultimate ROR: 24% ROR with Hedging: 36% Exit 2009 Production: Reserves at End 2009: PV10% Reserve Value at End 2009: 23.7 MMcf/d 24.0 Bcf (P+P) $54 MM (1) Future value estimates at September 9, 2009 based on forward strip for 2009 and 2010 per McDaniel July 1, 2009 price forecast thereafter

14 Birchwavy Acquisition Value Summary Purchase Price ($MM) Cash Flow / Cap Ex ($MM) Reserves (Bcf) Rolling Reserve Addition Cost ($/BOE) Reserves Acquired (June 26/07) $ 8.74 Cumulative Cash Flow to Dec 31/08 (176.2) (35.3) Capital Expenditures to Dec 31/ Net Cost of Reserves at Year End $ E Cash Flow (36.3) (17.0) 2009E Capital Expenditures Net Cost of Reserves at Year End $6.66 Allocation of hedging gains since acquisition (52.2) Net Cost of Reserves at Year End 2009, with hedging $ Metrics Months to Payout: 65 months Exit 2009 Production: 48.2 MMcf/d (Nov 2012) Reserves at End 2009: Bcf (P+P) Estimated Ultimate ROR: 55% PV10% Reserve Value ROR with Hedging: 67% at End 2009: $501 MM (1) Future value estimates at September 9, 2009 based on forward strip for 2009 and 2010 per McDaniel July 1, 2009 price forecast thereafter Eastern Alberta Shallow Gas Major Acquisition Potential Ft. McMurray Conventional shallow gas in NE and East Central Alberta may become non-core for major players Synergy with PET s existing asset base allows for facility consolidation and cost savings No incremental G&A required to optimize value Edmonton Encana Conoco Phillips Husky Penn West Harvest Talisman

15 Conventional Shallow Gas The Hidden Benefits Manageable decline rates Below-average operating costs = good netbacks Cost-effective production and reserve additions Economics are robust - higher rate of return Risks and performance-drivers are well understood by PET Land and property acquisition costs less competitive than resource plays Good flow of M&A product from majors focusing their strategy for higher impact Not service-cost intensive /good availability of services Frac stimulations relatively infrequent Creates solid cash flow for distributions, unconventional gas investment and other new venture growth opportunities For Additional Information: Clay Riddell Executive Chairman Sue Riddell Rose President & CEO Cam Sebastian VP Finance & CFO Sue Showers Investor Relations and Communications Advisor Suite 3200, th Avenue SW Calgary, AB T2P 3H5 (403) Fax (403) Questions? info@paramountenergy.com

Emerging Deep Basin Plays

Emerging Deep Basin Plays Emerging Deep Basin Plays Peter s & Co. 2010 North American Oil & Gas Conference September 14, 2010 Forward--Looking Statements Forward Certain information regarding PERPETUAL ENERGY in this presentation

More information

2008 Second Quarter Results

2008 Second Quarter Results 20 Second Quarter Results August 8, 20 Power to Perform Forward-Looking Statements This presentation contains forward-looking statements that may be identified by words like forecast, estimated, expected

More information

2014 CORPORATE PROFILE A SPECTRUM OF OPPORTUNITY

2014 CORPORATE PROFILE A SPECTRUM OF OPPORTUNITY 2014 CORPORATE PROFILE A SPECTRUM OF OPPORTUNITY 1 WE ARE A DIVERSIFIED ENERGY PRODUCER WE TRANSFORMED OUR ASSET PORTFOLIO BY DIVERSIFYING AND ADDING HEAVY OIL & RESOURCE-STYLE, LIQUIDS-RICH GAS. THOSE

More information

NEWS RELEASE CONVERS ION TO CORPORATION ANNUAL 2009 RES ULTS

NEWS RELEASE CONVERS ION TO CORPORATION ANNUAL 2009 RES ULTS NEWS RELEASE PARAMOUNT ENERGY TRUST RELEASES YEAR END 2009 FINANCIAL AND OPERATING RESULTS, CONFIRMS MARCH 2010 DISTRIBUTION AND ANNOUNCES INTENTION TO CONVERT TO CORPORATION Calgary, AB March 9, 2010

More information

NEWS RELEASE PARAMOUNT ENERGY TRUST ANNOUNCES AGREEMENT FOR THE ACQUISTION OF CAVELL ENERGY CORPORATION

NEWS RELEASE PARAMOUNT ENERGY TRUST ANNOUNCES AGREEMENT FOR THE ACQUISTION OF CAVELL ENERGY CORPORATION NEWS RELEASE PARAMOUNT ENERGY TRUST ANNOUNCES AGREEMENT FOR THE ACQUISTION OF CAVELL ENERGY CORPORATION May 26, 2004 - Paramount Energy Trust ( PET or the Trust ) (TSX PMT.UN) announced today that it has

More information

CIBC 2011 Energy & Infrastructure Conference

CIBC 2011 Energy & Infrastructure Conference Perpetual Energy Inc. CIBC 2011 Energy & Infrastructure t Conference April 12, 2011 Disclaimer Cautionary Statement Regarding Forward-Looking Information This presentation contains forward-looking statements

More information

First Energy Capital EnergyGrowth Conference November 16, 2010

First Energy Capital EnergyGrowth Conference November 16, 2010 First Energy Capital EnergyGrowth Conference 2010 November 16, 2010 Forward-Looking Statements Certain information regarding PERPETUAL ENERGY in this presentation may constitute forward-looking statements

More information

2012 annual results A SPECTRUM OF OPPORTUNITY

2012 annual results A SPECTRUM OF OPPORTUNITY 2012 annual results A SPECTRUM OF OPPORTUNITY PERPETUAL ENERGY INC. IS A CANADIAN ENERGY COMPANY FOCUSED ON LONG-TERM VALUE CREATION THROUGH OIL AND GAS BASED EXPLORATION, DEVELOPMENT, PRODUCTION AND MARKETING.

More information

Paramount Energy Trust ( PET ) is a high-yield income investment in the. Canadian energy industry. Based in Calgary, PET operates as a full-cycle

Paramount Energy Trust ( PET ) is a high-yield income investment in the. Canadian energy industry. Based in Calgary, PET operates as a full-cycle 2008 ANNUAL RESULTS Canada s only 100% Natural gas trust Paramount Energy Trust ( PET ) is a high-yield income investment in the Canadian energy industry. Based in Calgary, PET operates as a full-cycle

More information

Perpetual Energy Inc.

Perpetual Energy Inc. Perpetual Energy Inc. Forward Looking Statements Cautionary Statement Regarding Forward-Looking Information This presentation contains forward-looking statements relating to Perpetual s operations that

More information

Peters & Co. Energy Conference September 11, 2013

Peters & Co. Energy Conference September 11, 2013 Peters & Co. Energy Conference September 11, 2013 Forward-Looking Statements This presentation contains forward-looking statements relating to Perpetual's business and operations that are based on management's

More information

CIBC Conference April 16, 2013

CIBC Conference April 16, 2013 CIBC Conference April 16, 2013 Forward-Looking Statements This presentation contains forward-looking statements relating to Perpetual's business and operations that are based on management's current expectations,

More information

POWER TO PERFORM 2008 Q1 CANADA S PREMIUM NATURAL GAS TRUST FIRST QUARTER SUMMARY

POWER TO PERFORM 2008 Q1 CANADA S PREMIUM NATURAL GAS TRUST FIRST QUARTER SUMMARY POWER TO PERFORM FIRST QUARTER SUMMARY Maximize Cash Flow Production increased 30% to 183.8 MMcfe/d from 141.7 MMcfe/d in the first quarter of 2007, due primarily to the acquisition of natural gas assets

More information

ACUMEN CAPITAL RESEARCH IDEAS. GROWTH. OPPORTUNITY.

ACUMEN CAPITAL RESEARCH IDEAS. GROWTH. OPPORTUNITY. Ikkuma Resources Corp. (TSX-V:IKM) Last Close: $0.70 OIL & GAS RESEARCH 12-Month Target: $1.15 Recommendation: Speculative Buy Implied Total Return: 64% COMPANY DESCRIPTION: Ikkuma Resources Corp is a

More information

CRESCENT POINT ENERGY ANNOUNCES 2016 CAPITAL EXPENDITURES PLANS

CRESCENT POINT ENERGY ANNOUNCES 2016 CAPITAL EXPENDITURES PLANS PRESS RELEASE CRESCENT POINT ENERGY ANNOUNCES 2016 CAPITAL EXPENDITURES PLANS (All financial figures are approximate and in Canadian dollars unless otherwise noted) January 7, 2016 CALGARY, ALBERTA. Crescent

More information

PRESS RELEASE PARAMOUNT ENERGY TRUST DELIVERS STRONG FINANCIAL RESULTS DESPITE 2003 REGULATORY CHALLENGES

PRESS RELEASE PARAMOUNT ENERGY TRUST DELIVERS STRONG FINANCIAL RESULTS DESPITE 2003 REGULATORY CHALLENGES PRESS RELEASE PARAMOUNT ENERGY TRUST DELIVERS STRONG FINANCIAL RESULTS DESPITE 2003 REGULATORY CHALLENGES Calgary, AB March 3, 2004 - Paramount Energy Trust ( PET" or the Trust) is pleased to release its

More information

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES PRESS RELEASE CRESCENT POINT ANNOUNCES STRATEGIC SHAUNAVON CONSOLIDATION ACQUISITION OF WILD STREAM EXPLORATION, EXPANSION OF BEAVERHILL LAKE LAND POSITION AND UPWARDLY REVISED 2012 GUIDANCE NOT FOR DISTRIBUTION

More information

Net wells drilled

Net wells drilled FINANCIAL AND OPERATING HIGHLIGHTS (1) ($ millions, except as noted) Three months ended September 30 Nine months ended September 30 2010 2009 Change % 2010 2009 Change % Financial Petroleum and natural

More information

This Transaction does not impact previously released Canadian Natural production or cash tax guidance.

This Transaction does not impact previously released Canadian Natural production or cash tax guidance. PRESS RELEASE CANADIAN NATURAL RESOURCES AND PRAIRIESKY ROYALTY ANNOUNCE COMBINATION OF ROYALTY BUSINESSES AND CONCURRENT PRAIRIESKY FINANCING CALGARY, ALBERTA NOVEMBER 9, 2015 FOR IMMEDIATE RELEASE Canadian

More information

The Turning Point corporate Summary

The Turning Point corporate Summary The Turning Point Enerplus Corporation 2010 corporate Summary Executing the plan 36 % 2010 total return Canadian investors Increased strategic land base to MORE THAN 500,000 net acres Bakken 230,000 43

More information

The Game Plan corporate Summary

The Game Plan corporate Summary The Game Plan Enerplus Resources 2009 corporate Summary Enerplus has a plan and is transitioning our business from an income fund to a competitive growth- and income-oriented oil and gas company. Add more

More information

w w w.perpetualenergyinc.com

w w w.perpetualenergyinc.com 2017 ANNUAL RESULTS TO SHAREHOLDERS 2017 was a year of continued transformation with a return to stability for Perpetual. We successfully advanced critical steps to position the Company to continue to

More information

This is Delphi. DELPHI ENERGY CORP. ANNUAL REPORT 2010

This is Delphi. DELPHI ENERGY CORP. ANNUAL REPORT 2010 This is Delphi. DELPHI ENERGY CORP. ANNUAL REPORT 2010 Fig. 1A - Summary Delphi is a company that has real assets with real growth. We continue to expand in the Deep Basin of North West Alberta while developing

More information

A N N U A L R E P O R T

A N N U A L R E P O R T 2009 ANNUAL REPORT Letter to Shareholders 2 Review of Operations 4 Management s Discussion & Analysis 18 Financial Statements 40 Corporate Information IBC Annual Meeting of Shareholders Shareholders are

More information

FINANCIAL AND OPERATING HIGHLIGHTS Three months ended March 31 ($000s except trust units, per trust unit and per boe amounts) % Change

FINANCIAL AND OPERATING HIGHLIGHTS Three months ended March 31 ($000s except trust units, per trust unit and per boe amounts) % Change CRESCENT POINT ENERGY TRUST ANNOUNCES FIRST QUARTER 2009 RESULTS, TWO STRATEGIC SOUTHWEST SASKATCHEWAN ACQUISITIONS AND RE-SCHEDULING OF THE ANNUAL GENERAL AND SPECIAL MEETING OF UNITHOLDERS May 7, 2009,

More information

Forward-looking statements

Forward-looking statements FirstEnergy Global Energy Conference September 15, 2014 Forward-looking statements This presentation contains forward-looking statements relating to Perpetual's business and operations that are based on

More information

January 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 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 information

ANNUAL INFORMATION FORM. For the year ended December 31, March 14, 2017

ANNUAL INFORMATION FORM. For the year ended December 31, March 14, 2017 ANNUAL INFORMATION FORM For the year ended December 31, 2016 March 14, 2017 MARCH 2, 2016 TABLE OF CONTENTS CORPORATE STRUCTURE... 1 GENERAL DEVELOPMENT OF THE BUSINESS... 2 DESCRIPTION OF THE BUSINESS...

More information

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES PRESS RELEASE CRESCENT POINT ANNOUNCES STRATEGIC BAKKEN WATERFLOOD CONSOLIDATION ACQUISITION, A $525 MILLION BOUGHT DEAL FINANCING AND UPWARDLY REVISED 2012 GUIDANCE NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE

More information

Corporate Presentation

Corporate Presentation Corporate Presentation MAY 2018 The largest Canadian energy producer that nobody has heard of Why you should care Jupiter Resources Corporate Presentation 2 Canada s 5 th largest gas-weighted producer

More information

PARAMOUNT RESOURCES LTD. ANNUAL REPORT 2005

PARAMOUNT RESOURCES LTD. ANNUAL REPORT 2005 PARAMOUNT RESOURCES LTD. ANNUAL REPORT 2005 Letter to Shareholders 03 Core Producing Areas 06 Review of Operations 13 Areas of Interest 22 Management s Discussion & Analysis 30 Management s Report 52 Report

More information

Point Loma Resources Announces Third Quarter 2018 Financial and Operating Results

Point 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 information

POSITIONED FOR SUCCESS

POSITIONED FOR SUCCESS POSITIONED FOR SUCCESS CORPORATE PRESENTATION November 2018 TSX: BNE 1 Forward Looking Information Certain statements contained in this Presentation include statements which contain words such as anticipate,

More information

CRESCENT POINT ANNOUNCES STRATEGIC CONSOLIDATION ACQUISITION OF CORAL HILL ENERGY LTD. AND UPWARDLY REVISED 2015 GUIDANCE

CRESCENT POINT ANNOUNCES STRATEGIC CONSOLIDATION ACQUISITION OF CORAL HILL ENERGY LTD. AND UPWARDLY REVISED 2015 GUIDANCE PRESS RELEASE CRESCENT POINT ANNOUNCES STRATEGIC CONSOLIDATION ACQUISITION OF CORAL HILL ENERGY LTD. AND UPWARDLY REVISED 2015 GUIDANCE July 2, 2015 CALGARY, ALBERTA. Crescent Point Energy Corp. ( Crescent

More information

PAR AMOUNT ENERGY TRUST PROFILE. Breaking out

PAR AMOUNT ENERGY TRUST PROFILE. Breaking out PAR AMOUNT ENERGY TRUST 20 05 PROFILE Breaking out TABLE OF CONTENTS PET s Credo IFC President s message 1 PET at a glance 2 Our business plan 5 Maximizing cash flow 6 Asset optimization 7 Accretive acquisitions

More information

PETRUS 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 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 information

Disclaimer Regarding Forward Looking Statements:

Disclaimer Regarding Forward Looking Statements: Disclaimer Regarding Forward Looking Statements: This presentation includes statements that contain forward looking information ( forward-looking statements ) in respect of Eagle Energy Trust s expectations

More information

May 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 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 information

C O R P O R A T E P R E S E N T A T I O N A P R I L BOLD IDEAS FOR ENERGY

C O R P O R A T E P R E S E N T A T I O N A P R I L BOLD IDEAS FOR ENERGY C O R P O R A T E P R E S E N T A T I O N A P R I L 2 0 1 8 BOLD IDEAS FOR ENERGY 1 Financial Profile Financial Profile (TSX: PMT ) December 31, 2017 except as noted Common Shares o/s (1) 59.3 million

More information

to 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

to 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 information

Freehold Royalties Ltd. Strong Growth in Funds from Operations and Second Quarter Results

Freehold Royalties Ltd. Strong Growth in Funds from Operations and Second Quarter Results NEWS RELEASE TSX: FRU Freehold Royalties Ltd. Strong Growth in Funds from Operations and Second Quarter Results CALGARY, ALBERTA, (GLOBE NEWSWIRE August 2, 2018) Freehold Royalties Ltd. (Freehold) (TSX:FRU)

More information

DELPHI ENERGY REPORTS RECORD PRODUCTION OF 8,035 BOE/D FOR SECOND QUARTER 2010

DELPHI ENERGY REPORTS RECORD PRODUCTION OF 8,035 BOE/D FOR SECOND QUARTER 2010 DELPHI ENERGY REPORTS RECORD PRODUCTION OF 8,035 BOE/D FOR SECOND QUARTER 2010 CALGARY, ALBERTA July 28, 2010 Delphi Energy Corp. ( Delphi or the Company ) is pleased to announce its results for the quarter

More information

indicated) per share ( per boe , , ,487 41, , , ,390 80,

indicated) per share ( per boe , , ,487 41, , , ,390 80, 2010 Annual Report Financial ($000, except as otherwise indicated) Revenue before royalties (1) (2) per share ( per boe Funds from operations (2) per share ( per boe Net income (loss) (2) per share ( Expenditures

More information

CRESCENT POINT ANNOUNCES SASKATCHEWAN VIKING CONSOLIDATION ACQUISITION AND UPWARDLY REVISED GUIDANCE FOR 2014

CRESCENT POINT ANNOUNCES SASKATCHEWAN VIKING CONSOLIDATION ACQUISITION AND UPWARDLY REVISED GUIDANCE FOR 2014 PRESS RELEASE CRESCENT POINT ANNOUNCES SASKATCHEWAN VIKING CONSOLIDATION ACQUISITION AND UPWARDLY REVISED GUIDANCE FOR 2014 June 12, 2014 CALGARY, ALBERTA. Crescent Point Energy Corp. ( Crescent Point

More information

April 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 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 information

Tuscany has built a large inventory of horizontal oil locations

Tuscany 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 information

Athabasca Oil Corporation Announces 2018 Year end Results

Athabasca 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 information

Offering of Senior Unsecured Notes. Susan Riddell Rose President and CEO Cam Sebastian VP Finance and CFO

Offering of Senior Unsecured Notes. Susan Riddell Rose President and CEO Cam Sebastian VP Finance and CFO Offering of Senior Unsecured Notes Susan Riddell Rose President and CEO Cam Sebastian VP Finance and CFO Forward-looking statements This presentation contains forward-looking statements relating to Perpetual's

More information

TSXV: TUS September 8, 2015

TSXV: 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 information

Corporate Presentation. January 2017

Corporate 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 information

CEQUENCE 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 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 information

NAL OIL & GAS TRUST ENTERS INTO ARRANGEMENT AGREEMENT TO ACQUIRE BREAKER ENERGY LTD.

NAL OIL & GAS TRUST ENTERS INTO ARRANGEMENT AGREEMENT TO ACQUIRE BREAKER ENERGY LTD. FOR IMMEDIATE RELEASE Suite 1000, 550-6 Avenue SW Calgary, Alberta T2P 0S2 Tel: 403.294.3620 Fax: 403.515.3407 Website: www.nal.ca Email: Investor.Relations@nal.ca Suite 2300, 635-8 Avenue SW Calgary,

More information

Corporate Presentation. August 2016

Corporate 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 information

Freehold Royalties Ltd. Announces 2017 Results, Increases Dividend and Unveils 2018 Guidance

Freehold Royalties Ltd. Announces 2017 Results, Increases Dividend and Unveils 2018 Guidance NEWS RELEASE TSX: FRU Freehold Royalties Ltd. Announces 2017 Results, Increases Dividend and Unveils 2018 Guidance CALGARY, ALBERTA, (GLOBE NEWSWIRE March 8, 2018) Freehold Royalties Ltd. (Freehold) (TSX:FRU)

More information

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. NEWS RELEASE June 25, 2014 200, 707 7 Avenue SW Calgary, Alberta T2P 3H6 Telephone: (403) 262-1901 Facsimile (403) 262-1905 TSXV Trading Symbol: MVN OTC Trading Symbol: MDLNF NOT FOR DISTRIBUTION TO U.S.

More information

CHINOOK ENERGY INC. ANNOUNCES FOURTH QUARTER 2016 RESULTS AND PROVIDES OPERATIONAL UPDATE

CHINOOK 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 information

C O R P O R A T E P R E S E N T A T I O N M A R C H 2018 BOLD IDEAS FOR ENERGY

C O R P O R A T E P R E S E N T A T I O N M A R C H 2018 BOLD IDEAS FOR ENERGY C O R P O R A T E P R E S E N T A T I O N M A R C H 2018 BOLD IDEAS FOR ENERGY 1 Financial Profile Financial Profile December 31, 2017 except as noted Common Shares o/s (1) 59.3 million Management ownership

More information

DELPHI ENERGY CORP. REPORTS 2018 YEAR END RESERVES

DELPHI 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 information

A n n u a l R e p o r t. 1.5 Billion Barrels of Oil In Place

A n n u a l R e p o r t. 1.5 Billion Barrels of Oil In Place 2 0 0 5 A n n u a l R e p o r t 1.5 Billion Barrels of Oil In Place Contents Financial and Operating Highlights------- 2 President s Letter to Unitholders----------------- 4 Operations Review---------

More information

Peters & Co North American Oil & Gas Conference September 11, 2012 The Game Plan Robert J. Waters, Senior Vice-President and Chief Financial

Peters & Co North American Oil & Gas Conference September 11, 2012 The Game Plan Robert J. Waters, Senior Vice-President and Chief Financial Peters & Co. 2012 North American Oil & Gas Conference September 11, 2012 The Game Plan Robert J. Waters, Senior Vice-President and Chief Financial Officer Corporate Profile Ticker Symbol (TSX & NYSE) ERF

More information

ANNUAL INFORMATION FORM For the Year Ended December 31, 2010

ANNUAL INFORMATION FORM For the Year Ended December 31, 2010 ANNUAL INFORMATION FORM For the Year Ended December 31, 2010 March 3, 2011 TABLE OF CONTENTS INTRODUCTORY INFORMATION... 2 NOTE REGARDING FORWARD-LOOKING STATEMENTS AND ADVISORIES... 2 CORPORATE STRUCTURE...

More information

INPLAY OIL CORP. ANNOUNCES 2016 YEAR END RESERVES AND AN OPERATIONS UPDATE

INPLAY OIL CORP. ANNOUNCES 2016 YEAR END RESERVES AND AN OPERATIONS UPDATE March 14, 2017 INPLAY OIL CORP. ANNOUNCES 2016 YEAR END RESERVES AND AN OPERATIONS UPDATE CALGARY, ALBERTA (March 14, 2017) InPlay Oil Corp. ("InPlay" or the "Company") (TSX:IPO) is pleased to present

More information

Scotiabank CAPP Conference April 2016 CORPORATE PRESENTATION

Scotiabank 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 information

C O R P O R AT E P R E S E N TAT I O N J U LY BOLD IDEAS FOR ENERGY

C O R P O R AT E P R E S E N TAT I O N J U LY BOLD IDEAS FOR ENERGY C O R P O R AT E P R E S E N TAT I O N J U LY 2 0 1 8 BOLD IDEAS FOR ENERGY 1 Forward Looking Statements This presentation contains forward-looking statements relating to Perpetual's business and operations

More information

CEQUENCE 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 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 information

CAPP SCOTIABANK INVESTMENT SYMPOSIUM

CAPP SCOTIABANK INVESTMENT SYMPOSIUM CAPP SCOTIABANK INVESTMENT SYMPOSIUM TORONTO APRIL 12-13, 2016 Paul Myers - President & Chief Executive Officer Rob Froese - Chief Financial Officer Forward looking information Certain statements included

More information

OIL AND NATURAL GAS RESERVES AND NET PRESENT VALUE OF FUTURE NET REVENUE

OIL AND NATURAL GAS RESERVES AND NET PRESENT VALUE OF FUTURE NET REVENUE PART 1 OIL AND NATURAL GAS RESERVES AND NET PRESENT VALUE OF FUTURE NET REVENUE In accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, McDaniel & Associates (

More information

ANNUAL MEETING OF SHAREHOLDERS

ANNUAL MEETING OF SHAREHOLDERS President & Chief Executive Officer s Message 1 2017 Highlights 4 2017 Overview 6 Review of Operations 8 Management s Discussion & Analysis 22 Financial Statements 52 Corporate Information 88 ANNUAL MEETING

More information

Predictable & Sustainable Per Share Growth

Predictable & Sustainable Per Share Growth Predictable & Sustainable Per Share Growth January 23, 2018 T V E : T S X www.tamarackvalley.ca 1 Disclaimers Forward Looking Statements Certain information included in this presentation constitutes forward-looking

More information

LGX OIL + GAS INC. ANNOUNCES YEAR-END RESERVES AND FINANCIAL RESULTS AND FILING OF ANNUAL INFORMATION FORM

LGX OIL + GAS INC. ANNOUNCES YEAR-END RESERVES AND FINANCIAL RESULTS AND FILING OF ANNUAL INFORMATION FORM NEWS RELEASE April 22, 2016 LGX OIL + GAS INC. ANNOUNCES YEAR-END RESERVES AND FINANCIAL RESULTS AND FILING OF ANNUAL INFORMATION FORM CALGARY, ALBERTA (April 22, 2016) LGX Oil + Gas Inc. ( LGX or the

More information

2011 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) 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 information

September 28, 2018 SEPTEMBER PRESENTATION

September 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 information

SUSTAINABLE DIVIDEND & GROWTH May 2018

SUSTAINABLE 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 information

Tamarack Valley Energy Ltd. Announces Record 2017 Financial and Operating Results and a 53% Increase in Proved Developed Producing Reserves

Tamarack 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

Zargon Oil & Gas Ltd. Announces Q Production Volumes and 2017 Year End Reserves

Zargon Oil & Gas Ltd. Announces Q Production Volumes and 2017 Year End Reserves Zargon Oil & Gas Ltd. Announces Q4 2017 Production Volumes and 2017 Year End Reserves February 12, 2018 CALGARY,, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (the Company or Zargon ) (TSX:ZAR)

More information

CHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2016 RESULTS

CHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2016 RESULTS CHINOOK ENERGY INC. ANNOUNCES SECOND QUARTER 2016 RESULTS CALGARY, ALBERTA August 10, 2016 Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX: CKE) is pleased to announce its second quarter financial

More information

Disposition of Non-Core Assets

Disposition 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 information

SECOND QUARTER 2017 HIGHLIGHTS

SECOND QUARTER 2017 HIGHLIGHTS Perpetual is on track for profitable growth in 2017. Strategic focusing of our asset base and active balance sheet management positioned the Company for the renewal of capital investment through the first

More information

Forward-Looking Information and Definitions

Forward-Looking Information and Definitions 2013 National Bank Financial Markets Energy Conference Intermediate Energy Growth & Yield Conference Toronto, Ontario February 13 th & 14 th, 2013 Forward-Looking Information and Definitions Certain information

More information

Tango Energy Completes Business Combination with Private Companies and Change in Management Team and changes name to Tamarack Valley

Tango Energy Completes Business Combination with Private Companies and Change in Management Team and changes name to Tamarack Valley Tango Energy Completes Business Combination with Private Companies and Change in Management Team and changes name to Tamarack Valley Calgary, Alberta (Marketwire - June 17, 2010) Tango Energy Inc. (TSXV:

More information

Peters & Co. Low Cost and Large Scale Resource Conference Winnipeg, Montreal, Toronto - March 2013

Peters & Co. Low Cost and Large Scale Resource Conference Winnipeg, Montreal, Toronto - March 2013 Peters & Co. Low Cost and Large Scale Resource Conference Winnipeg, Montreal, Toronto - March 2013 March 2013 Forward-Looking Information and Definitions Certain information included in this presentation

More information

TABLE OF CONTENTS. President s Message 1. Area Summaries 23. Executive Summary 2. Central Alberta Assets 25. Southeast Saskatchewan Assets 41

TABLE OF CONTENTS. President s Message 1. Area Summaries 23. Executive Summary 2. Central Alberta Assets 25. Southeast Saskatchewan Assets 41 ASSET BOOK TABLE OF CONTENTS President s Message 1 Executive Summary 2 Corporate Overview 4 Strategy 5 Why Own Freehold? 6 Near Term Strategic Objectives 8 Canadian Land Overview 9 Royalties 11 1 The Royalty

More information

POSITIONED FOR SUSTAINABLE LONG TERM VALUE CREATION EnerCom Presentation August 14, 2017

POSITIONED FOR SUSTAINABLE LONG TERM VALUE CREATION EnerCom Presentation August 14, 2017 POSITIONED FOR SUSTAINABLE LONG TERM VALUE CREATION EnerCom Presentation August 14, 2017 Advisories FORWARD LOOKING STATEMENTS: In the interest of providing Bellatrix s shareholders and potential investors

More information

CAPP SCOTIABANK APRIL 12, 2016 BOLD IDEAS FOR ENERGY

CAPP SCOTIABANK APRIL 12, 2016 BOLD IDEAS FOR ENERGY CAPP SCOTIABANK APRIL 12, 2016 BOLD IDEAS FOR ENERGY 1 Forward Looking Statements This presentation contains forward-looking statements relating to Perpetual's business and operations that are based on

More information

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES TSX: TVE NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES Tamarack Valley Energy Ltd. and Spur Resources Ltd. Announce a Transformative Business Combination to Create an

More information

NEWS RELEASE PENN WEST ANNOUNCES SECOND QUARTER RESULTS

NEWS RELEASE PENN WEST ANNOUNCES SECOND QUARTER RESULTS NEWS RELEASE PENN WEST ANNOUNCES SECOND QUARTER RESULTS FOR IMMEDIATE RELEASE, Wednesday, August 1, 2007 PENN WEST ENERGY TRUST (TSX PWT.UN; NYSE PWE) is pleased to announce its results for the second

More information

SUSTAINABLE DIVIDEND & GROWTH July 2018

SUSTAINABLE DIVIDEND & GROWTH July 2018 SUSTAINABLE DIVIDEND & GROWTH July 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 information

FORWARD LOOKING INFORMATION

FORWARD LOOKING INFORMATION FORWARD LOOKING INFORMATION Certain statements contained in this Presentation include statements which contain words such as anticipate, could, should, expect, seek, may, intend, likely, will, believe

More information

HARVEST OPERATIONS ANNOUNCES YEAR END 2010 RESERVES

HARVEST OPERATIONS ANNOUNCES YEAR END 2010 RESERVES News Release Sustainable Growth ANNOUNCES YEAR END 2010 RESERVES Calgary, Alberta February 28, 2011 Harvest Operations Corp. ( Harvest ) (TSX: HTE.DB.D, HTE.DB.E, HTE.DB.F and HTE.DB.G) today announces

More information

FORWARD LOOKING INFORMATION

FORWARD LOOKING INFORMATION TSX: BNE FORWARD LOOKING INFORMATION Certain statements contained in this Presentation include statements which contain words such as anticipate, could, should, expect, seek, may, intend, likely, will,

More information

ANNUAL INFORMATION FORM. For the Year Ended December 31, 2007

ANNUAL INFORMATION FORM. For the Year Ended December 31, 2007 ANNUAL INFORMATION FORM For the Year Ended December 31, 2007 March 14, 2008 TABLE OF CONTENTS INTRODUCTORY INFORMATION... 2 NOTE REGARDING FORWARD-LOOKING STATEMENTS... 2 CORPORATE STRUCTURE... 5 GENERAL

More information

BELLATRIX ANNOUNCES 2018 YEAR END RESERVES HIGHLIGHTED BY 13% RESERVE GROWTH AND LOW COST RESERVE ADDITIONS

BELLATRIX ANNOUNCES 2018 YEAR END RESERVES HIGHLIGHTED BY 13% RESERVE GROWTH AND LOW COST RESERVE ADDITIONS For Immediate Release Calgary, Alberta TSX: BXE BELLATRIX ANNOUNCES 2018 YEAR END RESERVES HIGHLIGHTED BY 13% RESERVE GROWTH AND LOW COST RESERVE ADDITIONS CALGARY, ALBERTA (March 14, 2019) Bellatrix Exploration

More information

7FEB ANNUAL INFORMATION FORM

7FEB ANNUAL INFORMATION FORM 7FEB200604161381 ANNUAL INFORMATION FORM February 20, 2009 ENCANA CORPORATION ANNUAL INFORMATION FORM This is the annual information form of EnCana Corporation ( EnCana or the Corporation ) for the year

More information

Corporate Presentation

Corporate Presentation Corporate Presentation July 25, 2016 zargon.ca Forward Looking-Advisory Forward-Looking Statements - This presentation offers our assessment of Zargon's future plans and operations as at July 25, 2016,

More information

FIRST QUARTER 2018 HIGHLIGHTS

FIRST QUARTER 2018 HIGHLIGHTS The strategic focusing of our asset base, strengthening of our balance sheet, and execution of our growth-oriented capital program in 2017 set the stage for improved performance on all measures relative

More information

NAL Resources Management Limited. EPAC Oil & Gas Investor Showcase June 12, 2013

NAL Resources Management Limited. EPAC Oil & Gas Investor Showcase June 12, 2013 NAL Resources Management Limited EPAC Oil & Gas Investor Showcase June 12, 2013 Disclaimers Forward Looking Statements This document contains statements that constitute forward-looking information within

More information

Corporate Presentation. April, 2017

Corporate 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 information

SUSTAINABLE DIVIDEND & GROWTH September 2018

SUSTAINABLE DIVIDEND & GROWTH September 2018 SUSTAINABLE DIVIDEND & GROWTH September 2018 Cardinal Profile Shares Outstanding TSX: CJ Basic (1) Diluted (excluding debentures) 114.2 MM 117.9 MM 2018 Annual Dividend ($/share) $0.42 2018 Average Production

More information

TSX 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.

TSX 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 information

Corporate Presentation. March 2017

Corporate 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 information