Investor Presentaiton
Contiguous & Adjacent to Existing Montney Land with Operational Synergies
T70
T69
T68
T67
T66
T65
T64
T63
Establishes dominant and controlling land position in the Alberta Montney
volatile oil fairway
Acquired lands are Crown with a high average working interest rate,
primarily 100%, and limited expiry concerns
Attractive reservoir characteristics with significant net pay, similar to
CPG's existing Gold Creek, and higher than normal pressure
Expected to generate significant financial and operational synergies in
the near-term through lower G&A and capital costs
Focused on realizing additional value by optimizing the number of
wells drilled per section, D&C design, sharing of infrastructure, pad
development continuity and supply chain management
Alberta Montney Metrics
Hammerhead
Pro Forma CPG
2024E Production (boe/d)
% Oil & Liquids
Net Acres
Phase Window
Premium Drilling Locations
% Booked
56,000
50%
105,000
Volatile Oil
800
30%
94,000
50%
350,000
Volatile Oil
1,400
30%
T70
R7
R6
R5
R4
Liquids-Rich
T69
T68
Lean Gas
T67
T66
T65
T64
CPG Lands
HHRS Lands
Competitor Lands
R2
R3
Volatile Oil
Black Oil
R1W6
R7
R6
R5
R4
R3
R2
R1W6
All figures are estimates and approximates. G&A: general and administrative. 2024E production for HHRS assets reflects CPG's management's estimates based on the assets' production profile and CPG's expected development capital spend on the
assets of $400MM in 2024. Premium drilling locations include 415 net booked locations for pro forma CPG Alberta Montney, including 252 net booked locations for the acquired assets as assigned by the independent evaluator McDaniel & Associates
("McDaniel") as of November 1, 2023 and 163 net booked locations for CPG's existing assets as assigned by McDaniel as of December 31, 2022.
CRESCENT POINT | CORPORATE PRESENTATION
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