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
Q3 2022 Average Production
78,079 boe/day
Q3 2022 Adjusted Funds Flow
$267.4 million $1.01/share
2022 Estimated Average Production
78,000 boe/day
Operating Costs per boe Q3 2022
$3.50/boe
2022 Capital Program
$​355 - $365 million
Drawn Bank Debt at September 30, 2022
$197.0 million
Total Debt at September 30, 2022
$186.1 million
Total Credit Facilities
$850 million
Montney/Doig Land Position (sections at December 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 December 31, 2021
485 (481.9 net)
Number of net Potential Future Montney/Doig Horizontal Wells (December 31, 2021)
7,423 net
Number of Common Shares Outstanding at November 9, 2022
~26​​6 million
TSX
BIR

 

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