Corporate Responsibility Report

Our approach to corporate responsibility and sustainability is ingrained in our culture at Bonavista. So much so, sustainability is one of our four core values. It can be seen in how we operate our assets, support our teams, work with our stakeholders and create long-term value for our shareholders. Whether it’s by engaging in the communities in which we operate, supporting a cause that’s important to our team, or acting in a way that exceeds our governance expectations, we are always finding better ways to give back as we move forward.

Corporate Responsibility Report

2018 Corporate Responsibility Report

Performance Tables

Environment

Description	Notes	Unit	2014	2015	2016	2017	2018
AIR, Greenhouse Gas Emissions
Greenhouse gas emissions, direct	1,3	tonnes, CO2e per year	1,066,357	938,294	829,075	886,646	878,512
Greenhouse gas emissions, indirect	1,3	tonnes CO2e per year	102,574	67,423	59,243	52,124	48,091
Greenhouse gas emissions, total	1,3	tonnes CO2e per year	1,168,931	1,005,717	888,318	938,770	926,604
Greenhouse gas emissions intensity	2	tonnes CO2e/m3 OE	0.257	0.227	0.239	0.247	0.255
Total gas flared		103m3 per year	10,754	6,736	2,902	6,750	4,270
Total gas vented		103m3 per year	4,672	2,820	1,764	1,639	1,934
Nitrogen Oxides (NOx)		tonnes NOx per year	6,560	5,313	4,687	4,350	3,768
Sulfur Dioxide (SO2)		tonnes SO2 per year	229	167	32	24	25
Methane emissions	1,3	tonnes CH4 per year	21,036	17,649	16,186	18,137	17,886
ENERGY
Energy use (direct energy consumption)		GJ per year	9,678,766	8,871,653	7,625,542	7,451,321	7,525,774
Energy intensity		GJ per m3OE	2.13	2.00	2.05	1.96	2.07
ASSET RETIREMENT OBLIGATION
Wells, gross active	4	number of wells	2,541	2,370	2,096	1,879	1,859
Wells, gross inactive	4	number of wells	1,153	992	986	1,068	1,083
Wells, gross abandoned, unreclaimed	4	number of wells	656	527	479	559	561
Abandonments - annual number of gross wells abandoned	4	number of wells	100	96	63	114	62
Reclamation - annual number of reclamation certificates received	4	number of wells	92	44	78	32	46
Total annual reclaimed land		hectares	162	72	128	65	102
Alberta Licensee Liability Management Rating - Bonavista		AER rating	3.00	2.95	4.07	4.13	3.96
Decommissioning expenditures		$, thousands	32,026	18,925	15,309	17,318	12,138
RELEASES
Releases - number of regulatory reportable spills		count	9	13	6	4	4
Releases - volume of regulatory reportable spills		m3	192.0	79.2	45.4	14.3	52.8
WATER
Total non-saline water withdrawal for hydraulic fracturing	5,8	thousand m3	npr	126.1	131.4	210.2	106.9
Total alternative water withdrawal for hydraulic fracturing	6,8	thousand m3	npr	48.6	48.7	78.6	58.7
Total water withdrawal for hydraulic fracturing	7,8	thousand m3	npr	174.8	180.1	288.7	165.5
Portion of water withdrawal that is alternative	6,8	%	npr	28	27	27	35
Water recycled in core area for re-use in hydraulic fracturing	8	%	npr	20	19	71	73
Water used for hydraulic fracturing per well	8	thousand m3	npr	2.33	4.19	4.98	4.87

Health and Safety

Description	Unit	2014	2015	2016	2017	2018
Lost-time frequency - employee	cases per 200,000 work hours	0.63	0.24	0.31	0.00	0.00
Lost-time frequency - service provider	cases per 200,000 work hours	0.00	0.00	0.00	0.00	0.00
Recordable injury frequency - employee	cases per 200,000 work hours	1.25	0.71	0.61	0.32	1.16
Recordable injury frequency - service provider	cases per 200,000 work hours	0.56	0.29	0.75	0.41	0.38
Fatalities - employee	number per year	0.00	0.00	0.00	0.00	0.00
Fatalities - service provider	number per year	0.00	0.00	0.00	0.00	0.00
COMPLIANCE - ALBERTA
Compliance inspection rate - Bonavista	%	84	85	84	86	83
Compliance inspection rate - Industry	%	78	75	76	77	76
EMERGENCY PREPAREDNESS
Full-field functional exercises	number per year	2	2	3	4	1
Table-top exercises	number per year	6	12	11	11	2

People

Description	Unit	2014	2015	2016	2017	2018
WORKFORCE PROFILE
Employees (full-time)	count	369	285	238	227	192
Employees (part-time)	count	6	11	9	7	8
Contractors	count	74	56	46	52	58
Total staff (employees and contractors)	count	449	352	293	286	258
GENDER DIVERSITY
Women in the workforce	percent	38	36	35	37	36
Supervisory and professional positions	percent	26	24	29	28	24
Management and Executive Team	percent	16	15	19	26	25
Board of Directors	percent	22	22	22	11	11
EMPLOYEE AGE CATEGORIES
Under 30	count	74	54	33	26	19
31 to 50	count	200	165	144	139	118
Over 50	count	101	77	70	69	63
Voluntary turnover	percent	8.0	5.3	5.3	6.3	9.5
Production per employee	boe per day per person	206	268	278	308	346
Employees receiving regular performance reviews	percent	100	100	100	100	100
Training and education	$, thousands	247	144	44	56	86
Training and education per employee	$ per employee	658	486	177	240	430

Governance

Description	Notes	Unit	2014	2015	2016	2017	2018
Number of whistleblower reports		count	0	0	0	0	0
Number of whistleblower reports outstanding		count	0	0	0	0	0
Insider ownership	9	percent	11	10	9	9	9
Independent Board of Directors		percent	73	67	67	67	78

Communities

Description	Notes	Unit	2014	2015	2016	2017	2018
Employees - wages and benefits	10	$, thousands	47,053	45,097	31,992	32,256	29,990
Landowners - freehold royalties and surface lease rentals		$, thousands	65,648	40,374	29,613	30,875	21,335
Governments - crown royalties and property taxes	11	$, thousands	94,536	40,186	30,449	30,037	32,977
Shareholders - dividends declared		$, thousands	164,750	76,762	13,891	10,040	10,168
Communities - investment	12	$, thousands	322	236	146	202	150
Communities - investment per employee	12	$ per employee	857	796	589	863	749

Economic

Description	Notes	Unit	2014	2015	2016	2017	2018
Production		boe per day	77,211	79,288	68,550	72,156	69,154
Production revenues		$, thousands	1,106,852	599,999	445,434	553,002	514,967
Royalties	11	$, thousands	136,095	54,201	36,903	41,677	34,360
Capital expenditures	13	$, thousands	639,560	313,905	153,871	289,029	164,492
Operating expenses		$, thousands	232,474	190,889	140,592	147,165	143,935
General and administrative expenses		$, thousands	32,012	32,495	27,138	24,749	24,291

Notes

1. Methane emissions are included within the reported greenhouse gas emissions.

2. Total emissions direct and indirect.

3. Source from gross primary natural gas, NGLs, and oil production.

4. Gross operated wells.

5. Fresh water includes water sourced from rivers, streams, creeks, lakes, dugouts, water wells and municipal water.

6. Non-fresh water includes water sourced from flowback, produced water and third party produced water accepted.

7. Total water includes both fresh water and non-fresh water.

8. npr - measure not previously reported.

9. Based on shares held by our directors and officers, directly or indirectly, divided by the total number of outstanding common shares together with common shares issuable upon the exchange of our outstanding exchangeable shares.

10. Wages and benefits includes employee compensations costs included in the operating and general and administrative expense line items in the consolidated statements of income (loss) and comprehensive income (loss).

11. Royalty amounts presented are net of the Alberta government’s gas crown royalty allowance (GCA).

12. Community investment as presented refers to contributions to charitable and non-profit organizations.

13. Excludes corporate capital spending, and corporate acquisitions and property acquisitions net of property dispositions.