Wednesday, May 25, 2011

Cenovus 2011 UBS Global Oil and Gas Conference

- $1.8 B committed capital
- $0.1 B one-time costs
- Ability to utilize balance sheet to fund additional opportunities
- $700 MM of additional opportunity capital includes:
    - 440 strat wells drilled in Q1
    - scalable conventional oil & natural gas programs
- expand drilling program at Pelican Lake
- future oil sands expansions
- $600 MM of 2011F capital contributes to 2011F production
- $300 – 500 MM of potential divestiture proceeds not included in budget

BASF 2011 Deutsche Bank German & Austrian Corporate Conference

- Increasing Brent oil price forecast from $90/bbl to $100/bbl
-ƒ Assuming oil production in Libya will not restart during 2011
- EBIT before special items from our Libyan oil production for the full year 2011 will be about €1 billion lower compared with 2010 (thereof about €700 million of non-compensable oil taxes)

Premier Oil 2011 AGM Presentation

- Grow near-term production to 75 kboepd from existing 2P reserves of 261 mmboe
- Deliver further growth by commercialising contingent resource base of 228 mmboe
- Add 200 mmboe through exploration by focusing on core geologies
- Make value-adding acquisitions in three core areas
- Maintain a conservative financing plan

Venoco 2011 Hart Energy DUO Conference Presentation

- >500 MMBOE resource potential
- Concentrated position with >95% operatorship
- Crude oil weighted with shallow declines
   - 50% of proved reserves
   - 42% of 2010 production
   - >65% of 2010 revenue
- Large acreage position in Monterey shale and Sacramento Basin

El Paso plans to sell 1,600 boe/d in Powder River Basin. Expected proceeds may be around $130-$160 million.

Scotia Waterous has been retained as the exclusive financial advisor by El Paso Corporation to divest its interests in the House Creek Field area of the Powder River Basin, Wyoming. The assets include oil-weighted production of approximately 1,600 boe/day from the Sussex and Parkman and significant undeveloped Niobrara acreage. The value of the assets put up for sale may be around $130-$160 million based on $80,000-$100,000/boe.

Bids due by late July, 2011.

For more information on the offering, follow up with these contacts -
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The following table shows Scotia Waterous-advised deals since the beginning of 2010.


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