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    Laique Ahmad Amir Arif • ATB Capital Markets

    Laique Ahmad Amir Arif's questions to Baytex Energy Corp (BTE) leadership

    Laique Ahmad Amir Arif's questions to Baytex Energy Corp (BTE) leadership • Q2 2025

    Question

    Amir Arif from ATB Capital Markets inquired about Baytex's operational performance, focusing on well costs and development plans in the Duvernay, as well as the decline rates and cost improvements for refracs in the Eagle Ford.

    Answer

    President and CEO Eric T. Greager stated that Duvernay well costs are approximately $12.5 million, with plans to drill 12-15 wells in 2026 before full commercialization. He noted it's too early for specific decline data on Eagle Ford refracs but initial results are strong. COO Chad Lundberg attributed the 11% Eagle Ford cost improvement to a 50/50 split between service cost reductions and sticky efficiency gains, such as using field gas.

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    Laique Ahmad Amir Arif's questions to Vermilion Energy Inc (VET) leadership

    Laique Ahmad Amir Arif's questions to Vermilion Energy Inc (VET) leadership • Q4 2024

    Question

    Amir Arif from ATB Capital Markets asked for details on the next planned exploration wells in Germany and the capital costs for the recent Wisselshorst discovery and future development wells. He also questioned how the operating costs of the newly acquired Westbrick assets compare to Vermilion's legacy Deep Basin assets.

    Answer

    CEO Dion Hatcher stated a plan for two German wells per year, with potential for more capital allocation given recent success. VP Darcy Kerwin provided a CAD $40 million gross capital cost for the Wisselshorst well and noted development well costs could be optimized. Regarding operations, Dion Hatcher and VP of North America Brandon McCue explained that while Westbrick's unit costs are slightly lower, they see significant upside from combining infrastructure and achieving synergies.

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