From presentation 1)
See “Advisories – Forward-Looking Statements” for information regarding the assumptions and risks related to Birchcliff’s guidance.
Non-GAAP financial measure. See “Advisories – Non-GAAP and Other Financial Measures.”
2)
Budget commodity pricing: an average AECO price of CDN$3.30/GJ, an average Dawn price of US$3.55/MMBtu, an average NYMEX HH price of US$3.85/MMBtu, and an average WTI price of US$76.00/bbl. 3)
4)
Reduced commodity pricing: an average AECO price of CDN$3.00/GJ, an average Dawn price of US$3.25/MMBtu, an average NYMEX HH price of US$3.35/MMBtu, and an average WTI price of US$70.00/bbl. The declaration of dividends is subject to the approval of the board of directors and is subject to change. See “Advisories – Forward-Looking Statements”.
5)
Based on F&D capital expenditures of $270 million, which is the mid-point of Birchcliff’s preliminary F&D capital expenditures guidance range for 2023. See “Advisories – F&D Capital Expenditures”.