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

2016 Average Production
49,236 boe/day
2016 Funds Flow
$​147 Million $0.74/Share
Q4 2016 Net Income to Common Shareholders
$11.1 Million
Q4 2016 Average Production
60,750 boe/day
2017 Estimated Average Production
70,000 - 74,000 boe/day
Estimated Current Production as at February 8, 2017
62,000 boe/day
Operating Costs per BOE Q4 2016
$4.54/boe
2017 Capital Expenditure Program
$​355.0 Million
Drawn Bank Debt at Dec 31/16
$573 Million
Total Debt at Dec 31/16
$600 Million
TSX 300
BIR, BIR PR.A, BIR PR.C
Total Credit Facilities
$950 Million
Undeveloped Land (Sections at Dec 31, 2016)
709.6 Gross (658.2 Net)
2016 F&D Costs (P+P)
$​​1.25/BOE BFDC - $4.43/BOE WFDC
December 31, 2016 Proved Developed Producing Reserves
16​6 Million BOE - 6 Year RLI
December 31, 2016 Deloitte Reserves (P+P)
880 Million BOE - 34 Year RLI
Number of Montney/Doig Horizontal Wells Drilled as at Dec 31, 2016
2​95 (289.7 net)
Number of net Potential Future Montney/Doig Horizontal Wells (Dec 31, 2016)
5,703.1
Number of Common Shares Outstanding at Dec 31/16
26​​4.0 Million
Perpetual Preferred Shares Series A
2 Million - BIR PR.A
Perpetual Preferred Shares Series C
2 Million - $50 Million 7% 7 YRS BIR PR.C

Keys to success

93% average working interest in undeveloped land

99% of production is operated

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

BIR COMPANY TOTAL RESERVES