Peters & Co 2012 North American Oil and Gas Conference Developing/Gaining Exposure to New Plays September 11-13, 2012 PBN:TSX 1
PetroBakken Summary Generating value through light oil resource plays Longterm repeatable organic growth combined with an attractive dividend yield 2012 exit production guidance of 52,000 to 56,000 boepd Proved plus probable reserves…
Our New Play Criteria Financial Fit Does it fit within our capital requirements Innovate Free cash flow generation potential Risk exposure Strategic Fit VALUE Geographic location CREATION Development timing Significant oil…
Case Study: Alberta Bakken Financial Fit Does it fit within our capital requirements Free cash flow generation potential Innovate Risk exposure Strategic Fit Geographic location VALUE Development timing CREATION Significant…
Growing a Resource Play Company Our overall approach Resource Play Resource Play Production Cardium Bakken Conventional Plays Time Early resource capture through a combination of land sales and earlystage…
Strategic Resource Capture Early Entry Bakken Case Study Initially had a small land position, where we tested concepts, and soon recognized what wasnt working Introduced new multistage fracture technology (Packers Plus) to unlock…
Application of Expertise Applying our experience to the Cardium We recognized the Cardium as a new potential resource play Most areas we were interested in were already tightly held by other deep activity Made early acquisitions of…
Development of Resource Plays Aggressively and Methodically Developing Plays Large initial capital investment to generate critical mass As production matures, the collective base declines fall, allowing us to generate free cash flow…
Whats Next PBN is well positioned for growth. Relatively early and meaningful position of over 190 net undeveloped sections through land sales and legacy companies Strategically positioned land sale purchases within the Nordegg,…
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