Corporate Presentation Summary | Birchcliff Energy

Corporate Presentation Summary

Growth by the drill bit

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

2021 Average Production
78,520 boe/day
2021 Adjusted Funds Flow
$​539.7 Million $2.03/Share
Q1 2022 Average Production
76,024 boe/day
Q1 2022 Adjusted Funds Flow
$184 Million $0.​69/Share
2022 Estimated Average Production
78,000 - 80,000 boe/day
Operating Costs per BOE Q1 2022
$3.49/boe
2022 Capital Expenditure Program
$​240 - $260 Million
Drawn Bank Debt at March 31/22
$398 Million
Total Debt at March 31/22
$409 Million
TSX
BIR, BIR PR.A, BIR PR.C
Total Credit Facilities
$850 Million
Montney/Doig Land Position (sections at Dec 31, 2021)
393.7 Net
2021 F&D Costs (P+P incl. FDC)
$13.57/BOE
December 31, 2021 Proved Developed Producing Reserves
217 Million BOE - 7.5 Year RLI
December 31, 2021 Proved Plus Probable Reserves
1,022 Million BOE - 35.4 Year RLI
Number of Montney/Doig Horizontal Wells Drilled as at Dec 31, 2021
485 (481.9 net)
Number of net Potential Future Montney/Doig Horizontal Wells (Dec 31, 2021)
7,423 net
Number of Common Shares Outstanding at May 11, 2022
26​​5 Million
Perpetual Preferred Shares Series A
2 Million - BIR PR.A
Perpetual Preferred Shares Series C
1.5 Million - BIR PR.C

 

Keys to success

89% average working interest in undeveloped land

99% of production is operated

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