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

2019 Average Production
77,977 boe/day
2019 Adjusted Funds Flow
$​335 Million $1.26/Share
Q3 2020 Average Production
78,376 boe/day
Q3 2020 Adjusted Funds Flow
$59 Million $0.​22/Share
2020 Estimated Average Production
76,000 - 77,000 boe/day
Operating Costs per BOE Q3 2020
$2.73/boe
2020 Capital Expenditure Program
$​285 Million
Drawn Bank Debt at September 30/20
$772 Million
Total Debt at September 30/20
$784 Million
TSX
BIR, BIR PR.A, BIR PR.C
Total Credit Facilities
$1.0 Billion
Montney/Doig Land Position (sections at Dec 31, 2019)
413.2 Net
2019 F&D Costs (P+P incl. FDC)
$6.22/BOE
December 31, 2019 Proved Developed Producing Reserves
207 Million BOE - 7 Year RLI
December 31, 2019 Proved Plus Probable Reserves
1,032 Million BOE - 35 Year RLI
Number of Montney/Doig Horizontal Wells Drilled as at Dec 31, 2019
425 (417.4 net)
Number of net Potential Future Montney/Doig Horizontal Wells (Dec 31, 2019)
7,044.6 net
Number of Common Shares Outstanding at September 30/20
26​​5.9 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