Corporate Presentation - Investors - Birchcliff Energy

Corporate Presentation Summary

Growth by the drill bit

Corporate Presentation
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Past Corporate Presentations

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

2018 Average Production
77,096 boe/day
2018 Adjusted Funds Flow
$​313 Million $1.18/Share
Q2 2019 Average Production
78,453 boe/day
Q2 2019 Adjusted Funds Flow
$74 Million $0.​28/Share
2019 Estimated Average Production
77,000 - 79,000 boe/day
Operating Costs per BOE Q2 2019
$3.17/boe
2019 Capital Expenditure Program
$​242 Million
Drawn Bank Debt at June 30/19
$622 Million
Total Debt at June 30/19
$655 Million
TSX 300
BIR, BIR PR.A, BIR PR.C
Total Credit Facilities
$1.0 Billion
Montney/Doig Land Position (sections at Dec 31, 2018)
367.4 Net
2018 F&D Costs (P+P incl. FDC)
$1.27/BOE
December 31, 2018 Proved Developed Producing Reserves
204 Million BOE - 7 Year RLI
December 31, 2018 Proved Plus Probable Reserves
1,002 Million BOE - 36 Year RLI
Number of Montney/Doig Horizontal Wells Drilled as at Dec 31, 2018
3​85 (380.6 net)
Number of net Potential Future Montney/Doig Horizontal Wells (Dec 31, 2018)
6365.8 net
Number of Common Shares Outstanding at June 30/19
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