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Crescent Point Energy Corp
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April 2024 Corporate Presentation
| Craig Bryksa | Page 22 of 11 |
May 02, 2024
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"April 2024 Corporate Presentation"
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CRESCENT POINT ? CORPORATE PRESENTATION • Allocating ~20% of 2024 budget which is expected to generate annual average production of ~56,000 boe/d (95% oil & liquids) • Expected to generate >50% of excess cash flow in 2024 Decline Mitigation • Low decline rate (~15%) as a result of commitment to decline mitigation projects, including waterflood and polymer floods • Low F&D costs, attractive long-term economics and enhanced EURs Open-Hole Multi-Laterals (OHML) • Improving returns by applying new OHML drilling in Viewfield • Enhances EURs, economics and capital efficiencies • ~130 net internally identified OHML locations which are ~75% unbooked at YE 2023 allowing for reserves growth Saskatchewan: Decline Mitigation & OHML 22 Strong excess cash flow generation bolstered by enhanced oil recovery and new technology implementation F&D: finding and development. EUR: estimated ultimate recoveries. Economics assume US$70/bbl WTI and $3.35/mcf AECO and reflect new multi-lateral well incentive in Saskatchewan. OHML economics based on booked proved plus probable (2P) type wells as assigned by independent reserves evaluator McDaniel as at December 31, 2023. Well Type Wells Per Two Sections Capital ($MM) NPV10 ($MM) IRR (%) Payout (months) EUR (Mbbl) Frac’d 8 14 3 31 24 360 OHML 4 12 14 107 12 600 CPG lands OHML drilled to-date Remaining inventory 2-mile OHML Viewfield OHML