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Cenovus Energy Inc
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June 2015 Corporate Presentation
| Susan Grey | Page 33 of 11 |
November 21, 2024
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"June 2015 Corporate Presentation"
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Fee lands pro vide str ategic opportunit y F ee lands generat e free cash flow: • 3.1 MM net acres (~90% fee) • Miner al rights owned in perpetui ty • No ro yalties payable to the Crown • 2014 roy alty interest volumes of ~7,600 BOE/ d (~55% liquids) • 2014 operating cash flow of $150 millio n Market ready: • To pursue various potenti al opti ons with respect to our fee lands when the right opportuni ty presents itsel f Free cash fl ow and operati ng cash flow are non-G AAP measures. See advi sory. Cenovus fee land at Decem ber 31, 2014.