International Petroleum Corp.
Internationally Focused Upstream Company
October 2022
NC000251 02.22
International Petroleum Corp.
Strongly Positioned to Create Stakeholder Value
~47
Mboepd (1)
2022-2026
95 | 147% |
29%p.a. | |
USD |
>1,800 MUSD FCF (1,2,3)
75 | 98% |
USD | 20%p.a. |
>1,200 MUSD FCF (1,2,3)
Stakeholder Returns
Debt reduction, share buybacks & dividends
M & A
4 transactions in 4 years
Organic Growth
>1.4 billion boe of contingent resources (4)
NC00269 p08 10.22
- See Reader Advisory, including "Forward-Looking Statements" and "Supplemental Information regarding Product Types" in "Disclosure of Oil and Gas Information".
- See Reader Advisory and the management's discussion and analysis for the three and six months ended June 30, 2022 (MD&A), including "Non-IFRS measures".
- See Reader Advisory, including "Forward-Looking Statements". Estimated free cash flow generation is based on IPC's current business plans over the period of 2022 to 2026. Assumptions include average net production over that period of approximately
47 Mboepd, average Brent oil prices of USD 65 to 95 per boe escalating by 2% per year, average gas prices of CAD 3.00 per thousand cubic feet, and average Brent to Western Canadian Select differentials as estimated by IPC's independent reserves evaluator and as further described in the AIF. Free cash flow yield is based on IPC's market capitalization at close ctober 4, 2022 (95.7 SEK/share, 10.85 SEK/USD, USD 1,226 million). IPC's current business plans and assumptions, and the business environment,
are subject to change. Actual results may differ materially from forward-looking estimates and forecasts.
- As at December 31, 2021, best estimate, unrisked. See Reader Advisory and AIF, including "Disclosure of Oil and Gas Information".
IPC | 2 |
International Petroleum Corp.
2P Reserves Growth (1)
Net 2P Reserves and Production
(MMboe)
Eleven times 2P reserves growth since inception
2P reserves of 270 MMboe
Reserves life index (RLI) of 16 years
Reserves Life Index | |
(years) | |
YE 2016 | 8 |
YE 2021 | 16 |
Granite
300
288
BlackPearl
x | ||
1 | ||
1 | ||
> | ||
129 | ||
Suffield | ||
29 | 16.3 | 33.0 |
3.8 |
270
272
65.0
48.5
NCF00244 p05 01.22
YE 2016 | YE 2017 | YE 2018 | YE 2019 | YE 2020 | YE 2021 |
Net 2P Reserves
Cumulative Production
- As at December 31, 2021. See Reader Advisory and AIF, including "Disclosure of Oil and Gas Information".
IPC | 3 |
NCF00244 p06 01.22
International Petroleum Corp.
Contingent Resources Growth (1) | Net Contingent Resources |
(MMboe) | 1,410 | |||||
128 | ||||||
Material increase in contingent resource base to 1.4 billion boe | 1,089 | 1,102 | ||||
+300 MMboe in Blackrod contingent resources | 102 | 115 | ||||
Potential to mature resources in all countries | 849 | |||||
105 | ||||||
Canada - Blackrod pilot ongoing, FEED study in 2022 | ||||||
- Ferguson field development | 1,283 | |||||
Malaysia | - Further infill drilling | 987 | 987 | |||
- PSC extension | 744 | |||||
France | - Build on horizontal drilling success | |||||
0 | 63 | |||||
YE 2016 | YE 2017 | YE 2018 | YE 2019 | YE 2020 | YE 2021 | |
Other | ||||||
Blackrod |
- As at December 31, 2021, best estimate, unrisked. See Reader Advisory and AIF, including "Disclosure of Oil and Gas Information".
IPC | 4 |
International Petroleum Corp. | 2022 Production Guidance | ||
Production Guidance (1) | Malaysia | International, 17% | |
Canada Gas, 33% | France | ||
Suffield | Canada Other | ||
Gas | |||
2022 average net production guidance range of 46,000 to 48,000 boepd | |||
Ferguson | |||
Expect full year towards high end of range | Suffield | Onion Lake | |
Thermal | |||
Oil | |||
Production (Mboepd) | Canada Oil, 50% | ||
NC00261 p04 02.22
High Low
Guidance range
Gas
Oil WCS Oil Brent
50 | 50 | 46 | 46 | 46 | ||||
46 | ||||||||
42 | ||||||||
43 | ||||||||
40 | 40 | 41 | ||||||
34 | 34 | 37 | ||||||
30 | 30 | |||||||
20 | ||||||||
10 | 11 | 10 | ||||||
9 | ||||||||
0 | 2017 | 2018 | 2019 | 2020 | 2021 | Q1 | ||
49 High guidance 48
48
Low guidance 46 | 46 |
Q2 | Q3 | Q4 | |||
2022 | Full Year | ||||
2022 |
- See Reader Advisory, including "Supplemental Information regarding Product Types".
IPC | 5 |
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International Petroleum Corporation published this content on 06 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2022 16:21:03 UTC.