Corporate Presentation - Investors - Birchcliff Energy

Corporate Presentation Summary

High working interest, operated production, low operating costs, surrounded by a large, undeveloped land base where Birchcliff has ownership control or access to infrastructure.

Corporate Summary

2017 Average Production
67,963 boe/day
2017 Funds Flow
$​318 Million $1.20/Share
Q4 2017 Funds Flow
$​97 Million $0.36/Share
Q4 2017 Average Production
80,103 boe/day
2018 Estimated Average Production
76,000 - 78,000 boe/day
Operating Costs per BOE Q4 2017
$4.45/boe
2018 Capital Expenditure Program
$​255 Million
Drawn Bank Debt at Dec 31/17
$587 Million
Total Debt at Dec 31/17
$598 Million
TSX 300
BIR, BIR PR.A, BIR PR.C
Total Credit Facilities
$950 Million
Undeveloped Land Prospective for the Montney/Doig (sections at Dec 31, 2017)
349.4 Net
2017 F&D Costs (P+P incl. FDC)
$7.27/BOE
December 31, 2017 Proved Developed Producing Reserves
198 Million BOE - 7 Year RLI
December 31, 2017 Proved Plus Probable Reserves
973 Million BOE - 35 Year RLI
Number of Montney/Doig Horizontal Wells Drilled as at Dec 31, 2017
348 (342.8 net)
Number of net Potential Future Montney/Doig Horizontal Wells (Dec 31, 2017)
4,710
Number of Common Shares Outstanding at Dec 31/17
26​​5.8 Million
Perpetual Preferred Shares Series A
2 Million - BIR PR.A
Perpetual Preferred Shares Series C
2 Million - BIR PR.C

Keys to success

91% average working interest in undeveloped land

99% of production is operated

99% of new drilling and completions, initiated and controlled by BIR