SLIDE 1
Investor Presentation
October 2017
“Full cycle, fully engaged”
Gold Creek Montney 11‐02 Battery
ADVISORY REGARDING FORWARD‐LOOKING STATEMENTS
2
This presentation contains certain forward‐looking information and statements with respect to Velvet Energy Ltd. (“Velvet” or the “Company”), including expectations, beliefs, plans, goals, objectives, assumptions, information and statements about future events, conditions, results of operations, performance, Velvet’s planned capital expenditure program and the nature of the expenditures, drilling plans, expected drilling and completion costs, expected average production, the expected splits among crude oil, NGLs and natural gas, forecasted commodity prices and factors affecting natural gas prices, forecasted general and administrative expenses, interest expenses, revenue, operating income, operating netbacks, funds from operations and year‐end bank debt, management’s assessment of future potential, including years of drilling inventory and expectations with respect to natural gas demand and supply in North America.. These forward‐looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including the impact of general economic conditions; industry conditions; volatility of commodity prices; currency exchange rates; imprecision of reserve estimates; environmental risks; competition from other explorers; stock market volatility; oil and natural gas development and transportation; actions by governmental authorities, including changes in government regulation, royalties and taxation; dependence upon compressors, gathering lines, pipelines and other facilities, certain of which the Company does not control; shortage or lack of available of pipeline capacity or other transportation facilities; weather conditions, natural disasters and fires; and ability to access sufficient capital. We caution that the foregoing list of risks and uncertainties is not exhaustive. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “should”, “believe”, “plans”, and similar expressions are intended to identify forward‐looking information or statements Statements relating to “reserves” or “resources” are deemed to be forward‐looking statements as they involve the implied assessment, based on current estimates and assumptions that the reserves and resources can be profitably produced in the future. Readers are cautioned that disclosure of any well test results is not necessarily indicative of long‐term performance. Velvet’s actual results, performance or achievement could differ materially from those expressed or implied by these forward‐looking statements. No assurance can be given that any events anticipated herein will transpire or occur and such forward‐looking statements included in this presentation should not be unduly relied upon. In addition, the reader is cautioned that historical results are not necessarily indicative of future performance. The forward‐looking statements contained herein are made as of the date of this presentation and the Company does not intend, and does not assume any obligation, to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws. Certain information set out herein may be considered as “financial outlook” within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding Velvet’s reasonable expectations as to the anticipated results of its proposed business activities for the periods indicated. Readers are cautioned that the financial outlook may not be appropriate for other purposes.