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Whitecap Resources Inc
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May 2015 Corporate Presentation
| Grant Fagerheim | Page 25 of 11 |
November 21, 2024
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"May 2015 Corporate Presentation"
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25 DCE&T ($MM) Production, IP30 (boe/d) Production, IP365 (boe/d) P+P A Reserves (Mboe) Year 1 Oil + NGLs (%) NPV BT 10 ($MM) Profit to investment ratio Rate of return (%) Payout (years) Reserve cost ($/boe) Production efficiency ($/boe/d – IP365) Initial operating netback ($/boe/d) Recycle ratio Western Saskatchewan Viking Oil • Light oil (36° API) Viking resource play – Strong capital efficiencies, short payout periods – Decline mitigation via waterflood • Improving capital efficiencies – Drill & complete costs continue to improve ? decreased 29% from 2011 to current – Type curve improvements since 2011 • Drilling program – 2014: 112 Hz wells – 2015: 98 wells (6+ ERH) • Gross DOIIP 1,998 MMbbls (1,803 MMbbls net) – Recovered to date 2.9% (57.5 MMbbls) – Possible oil RF = 11% SASKATCHEWAN Lucky Hills/ Whiteside West Central Saskatchewan Footnotes are located at the end of the presentation Type A $0.84 118 52 75 78% $0.92 1.1 78% 1.40 $11.22 $16,055 $36.16 3.2 Lucky Hills/Viking Type Well Economics 118 85 68 58 0 25 50 75 100 125 150 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Production, Boe/d Producing Month Whitecap Viking Type Curve Evolution 2014 Type Curve 2013 Type Curve 2012 Type Curve 2011 Type Curve Type B $0.84 104 43 55 78% $0.49 0.6 43% 2.10 $15.27 $19,333 $35.75 2.3