(1) See Reader Advisory. Estimates are based on IPC's 2021 CMD business plans.
(2) Non-IFRS measure, see Reader Advisory and Management Discussion and Analysis for the nine months ended September 30, 2021 (MD&A).
Actual prices 2021 year to date, with future Brent oil price assumption, escalating +2% p.a., Brent to Western Canadian Select (WCS) differentials as per IPC's independent reserves evaluator. Average gas price assumption of 2.5 CAD/mcf.
Average FCF yield based on IPC market capitalisation at close October 29, 2021 (48 SEK/share, 8.6 SEK/USD, 868 MUSD).
IPC
2
NC00223 p04 10.21
International Petroleum Corp.
2021 Production
2021 Production Guidance (1)
Guidance
International
Malaysia
16%
9.5%
2021 Production guidance raised to >45,000 boepd
France
Canada Gas
6.5%
(previously > 44,000 boepd)
5%
37%
Canada Other
Suffield
Ferguson
3 quarters in succession above original high end guidance
Gas
2%
Onion Lake
Thermal
Suffield Oil
23%
IPC Production
17%
Canada Oil
50
50
46
43.7
44.6
46.8
47%
46
High guidance 43
42
Low guidance 41
40
40
(Mboepd)
34
34
37
30
30
Original guidance
Production
20
range
Gas
10
Oil WCS
10
11
Oil Brent
9
0
2017
2018
2019
2020
Q1
Q2
2021
Q3
Q4
See Reader Advisory, including Supplementary Information regarding Product Types.
IPC
3
International Petroleum Corp.
2021 Operating Costs (1)
USD/boe
20
18
2021 Operating Costs:16
15.5 USD/boe guidance 14
12
10
operating costs
USD/boe
20
18
OLT turnaround
16
14
12
10
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Actual
Actual
Actual
Forecast
NC00214 fin p17 08.20
Operating costs guidance for the year maintained at 15.5 USD/boe
Non-IFRSmeasure, see Reader Advisory and MD&A.
IPC
4
International Petroleum Corp.
2021 Operating Cash Flow (1)
220 MUSD
65 USD/bbl
(4/17)
165 MUSD
55 USD/bbl
(3/15)
107 MUSD
45 USD/bbl
(2/13)
335 MUSD 85 USD/bbl (3/12)
315 MUSD 75 USD/bbl (3/12)
226 MUSD
68 USD/bbl
(3/12.5)
NC00223 p05 10.21
CMD OCF
9 months
Full year revised
guidance
OCF guidance
Non-IFRSmeasure, see Reader Advisory and MD&A. Brent oil price assumptions, with Brent to WTI differential and WTI to WCS differential assumptions in brackets, in USD.
IPC
5
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International Petroleum Corporation published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 20:21:23 UTC.
International Petroleum Corporation is a Canada-based oil and gas exploration and production company. The Company has a portfolio of assets located in Canada, Malaysia, and France. Its oil and gas assets in Canada are located in Alberta and Saskatchewan. The Suffield area oil and gas assets and the Ferguson oil asset are conventional assets located in southern Alberta. IPCâs principal assets in northern Alberta and Saskatchewan are the Blackrod and Onion Lake projects which are heavy crude oil assets applying conventional and steam assisted development methods. Onion Lake Thermal is a conventional heavy oil property located in the Lloydminster area in Saskatchewan. The Suffield area assets are conventional oil and gas assets held over a large, contiguous land position of 800,000 net acres of shallow gas rights and 100,000 net acres of oil rights. The Bertam field is located 170 kilometers offshore to the east of Peninsular Malaysia in Block PM307.