Calima Energy — Noosa Mining Conference 2023
16 slides from Calima Energy's conference presentation, Nov 17, 2023
Slide 1: Free Cash Flow, Growth-Focused Canadian Oil & Gas Producer
ASX|CE1 FREE CASH FLOW, GROWTH-FOCUSED CANADIAN OIL & GAS PRODUCER Noosa Mining Conference 15-17 November 2023 calimaenergy.com
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT Strong base production complimented by significant production adds layered on through the Leo, Pisces, and Gemini programs CORPORATE OVERVIEW RESERVES/RESOURCES (MMBOE) 1 1P 2P 3P Trading Bourses ASX: CE1 |OTC: CLMEF Gross Reserves 16.1 20.5 24.4 Shares Outstanding (basic) 626 mil
Slide 3: Conventional Oil & Gas Producer
CONVENTIONAL OIL & GAS PRODUCER Focused on responsible development of top-tier assets in Western Canada • Stable, low decline base production from Brooks and Thorsby provides significant growth opportunities • ~103 wells on production • Responsible capital allocation: • 2021: Drilled 7 wells (4 Broo
Slide 4: Production Growth Story
4 PRODUCTION GROWTH STORY 4 Q3 23 Q4 23 Production Sales Oil (bbl) 192,326 218,239 Natural gas (Mcf) 826,501 861,939 CALIMA IS A RETURNS-FOCUSED Natural gas liquids (bbl) 8,710 8,684 GROWTH PRODUCER WITH TOP TIER ASSETS, POSITIVE CASH FLOW AND IS Sales volumes (gross boe) 338,786 370,580 ESG GOAL OR
Slide 5: Management & Board
MANAGEMENT & BOARD CANADIAN LEADERSHIP KARL DEMONG GRAHAM VEALE ROD MONDEN President & CEO COO & VP Engineering CFO • Commercial and petroleum • 9 years at Blackspur, 3 years Calima • Chartered professional account engineering based in Canada > 30 • 25+ years Canadian E&P experience • 25 years of se
Slide 6: Brooks
BROOKS 6 Large reserves with multiple oil pools identified, delineated and developed • Brooks production average for 2023 ~3,200 boe/d2 • ~107 net sections, ~69,000 net acres in total inclusive of option lands • Year-round access and >80 wells drilled to-date • Owned and operated infrastructure; lar
Slide 7: 2022 Brooks Field Activity - Typical Drilling Through Production Timeline
2022 BROOKS FIELD ACTIVITY - Typical Drilling Through Production Timeline 30 DAYS 90 DAYS DRILL TIME COMPLETION TIE-IN CLEAN-UP POST CLEAN-UP POST CLEAN-UP 8-12 15-20 5-20 60-90 IP30 IP90 days days days days BROOKS FULL FIELD BANTRY 2-29 BANTRY 2-29 OIL BATTERY DEVELOPMENT GEOLOGY H2SWEET PLANT * Cl
Slide 8: Thorsby
THORSBY 8 Consolidated land base of ~37 sections that will be efficiently developed through a network of multi-well pads • Thorsby production average for 2023 ~800 boe/d2 • ~24,000 net acres total • 15 wells drilled since 2014 • Multi-well pads reduce overall capital costs • ~63 net Sparky; 12 net N
Slide 9: Thorsby Field Activity - Typical Drilling Through Production Timeline
THORSBY FIELD ACTIVITY - Typical Drilling Through Production Timeline 30 DAYS 90 DAYS DRILL TIME COMPLETION TIE-IN CLEAN-UP POST CLEAN-UP POST CLEAN-UP 8-12 15-20 5-20 60-90 IP30 IP90 IP90 days days days days TYPICAL SPARKY COMPLETION OPERATION THORSBY FULL FIELD INCLUDING FRAC SPREAD AND C-RINGS DE
Slide 10: Production Growth Story
PRODUCTION GROWTH STORY Calima has a proven track record of generating free cash flow and investing in projects that will drive future revenue and earnings growth Brooks & Thorsby produced over 1.4 million boe in 2022. YTD production averaged above 4,000 boe/d, production growth of ~40% since acquir
Slide 11: Corporate Disclaimer
CORPORATE DISCLAIMER This presentation does not constitute investment advice. Neither this presentation nor Actual values, results or events may be materially different to those expressed or the information contained in it constitutes an offer, invitation, solicitation or implied in this presentatio
Slide 12: Contact Us
CONTACT US Connect With Us For further information visit www.calimaenergy.com or contact: HEAD OFFICE - BLACKSPUR AUSTRALIAN OFFICE - CALIMA Suite 1000, 205 5 Ave SW 4/246-250 Railway Parade, West Leederville WA 6007 Calgary, AB T2P 2V7, Canada Phone: +61 8 6500 3270 Phone: +1-403-460-0031 Karl DeMo
Slide 13: Commitment to Responsible Operations
COMMITMENT TO RESPONSIBLE OPERATIONS ENVIRONMENTAL SOCIAL GOVERNANCE • Brooks and Thorsby assets have • Continue to target zero lost time • Majority independent board with very low CO2 in reservoir with the incidents and exceed regulatory diversity of skillset, backgrounds average less than 2%, mini
Slide 14: Glossary
GLOSSARY Abbreviation Description Abbreviation Description WI Working Interest B Prefix – Billions C Contingent Resources – 1C/2C/3C – low/most likely/high MM Prefix - Millions NRI Net Revenue Interest (after royalty) M Prefix - Thousands Net Working Interest after Deduction of Royalty Interests /d
Slide 15: Glossary
GLOSSARY TERMS DESCRIPTION Adjusted EBITDA is calculated as net income (loss) before interest and financing expenses, income taxes, depletion, depreciation and amortisation, and adjusted to exclude certain non-cash, extraordinary and non-recurring items primarily relating to bargain purchase gains,
Slide 16: ASX | CE1 16
ASX | CE1 16