NuVista Energy Ltd. Announces Pipestone North Egress and Processing Agreements - Seite 2

These agreements represent another important milestone on our planned journey to 110,000 Boe/d, with enough timely capacity additions to meet (if we choose) the high growth cases provided for 2019 and 2020 when NuVista issued the press release for the Pipestone North acquisition on August 9^th of this year.  In addition, these steps are consistent with our ongoing strategy to proactively optimize the value of our resources through minimizing reliance on AECO natural gas pricing and ensuring geographic and market diversification of our natural gas sales.

The terms for the preceding have been confirmed by a binding letter agreement which is subject to approval of the facilities by the Alberta Energy Regulator.  We look forward to providing an update on NuVista’s growth plans and 2019 budget when our third quarter 2018 results are released on November 12^th.

NuVista has top quality assets and every team member is focused upon relentless improvement. We are excited to continue to extend our growth plan to 110,000 Boe/d while adding greater value per share. We would like to thank our staff, contractors, and suppliers for their continued dedication and delivery, and we thank our board of directors and our shareholders for their continued guidance and support.

Advisory Regarding Oil and Gas Information

The terms Boe (barrels of oil equivalent) is used throughout this press release. Such terms may be misleading, particularly if used in isolation. The conversion ratio of six thousand cubic feet per barrel (6 Mcf:1 Bbl) of natural gas to one barrel of oil equivalent is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

Advisory Regarding Forward-Looking Information and Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. The use of any of the words "will", "may", "expects", "believe", "plans", "potential", "continue", "guidance", “outlook”, and similar expressions are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements, with respect to: management's assessment of: NuVista's future focus, strategy, plans, opportunities and operations; expectations with respect to the timing and amount of processing capacity to be added pursuant to the planned expansion of the Veresen Hythe Gas Plan; expectations with respect to the transportation of NuVista's products; plans to build a Pipestone North compression and dehydration facility; future firm processing and egress capacity; expectations with respect to the receipt of all necessary Alberta Energy Regulator approvals; and NuVista's production growth plan.