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OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd

Painted Pony Petroleum Ltd · Oct 15, 2013 · 33 slides

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Slides

  1. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 1
    Corporate Presentation October 15, 2013 1
  2. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 2
    Why Invest in Painted Pony TSX-V: PPY Montney Positioned to be a leading LNG Gas producer of Montney gas and supplier to Canadas West Coast LNG projects Exploring potential in the Buckinghorse Bakken Explorer and producer…
  3. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 3
    PPY Corporate Snapshot Shares Outstanding 88.5 mm (94.6 mm diluted) Market Cap 707 mm (8.00/share) Production 8,260 boe/d, 81% gas (H1 2013 average) 9,200 boe/d in first week of August 2013 P+P Reserves 191.1 mmboe; 1.15 Tcfe…
  4. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 4
    Industry-Leading Growth 200 Reserves (P+P) 3.00 2012 P+P ReservesG Probable Gas Probable Oil & Liquids 2.50 191.1 mmboe 150 Reserves (mmboe) 2.7 boe per share* Proved Gas Boe per share Proved Oil & Liquids 2.00…
  5. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 5
    3 Key Projects BUSINESS STRATEGIES FOR 2013: 2013 Capital Budget British Columbia 145 mm in 2013 Alberta Saskatchewan 80 mm in H2 2013 Montney & British Columbia Kitimat Buckinghorse BC.LNG 88% of 2013 capital budget…
  6. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 6
    B.C. Northern Montney Gas Why We Like It High-rate, sweet gas wells Liquids-rich (17-60 bbls/mmcf)R 12-month access Thick reservoir section Over-pressured Tcfs gas-in-placeR High PPY working interest Contiguous land spread…
  7. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 7
    PPY & Canadas Proposed West Coast LNG Projects Kitimat LNG (Chevron-Apache) Kitimat 20 year license to export 0.7 Bcf/d; expandable 1.4 Bcf/d Estimated start-up 2017 Site construction underway Proposed British Fort Nelson 42…
  8. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 8
    B.C. Assets Montney Gas Fairway Excellent existing infrastructure 122,400 net Montney acres (191 net sections)L 2.2 mm royalty incentive per PPY Hz Montney well H1 2013 sales of 41.4 mmcfe/d (6,900 boe/d) Q2 2013 field…
  9. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 9
    Montney Gas: 3 Stacked Resource Plays in One Exploitable Gas Column On equivalent Thickness Scale Hz 1 Upper 300 m. ThickR Hz 2 Middle Hz 3 Horn River Thicker Than + Marcellus Lower Hz 4 The Montney exploitable…
  10. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 10
    Montney Test Results Overview d-5-K/94-B-16 HZ Pad Multiple wells HZ U. Montney 6.4 mmcf/d U. Montney 5-10 mmcf/d L. Montney 8.5 mmcf/d Blair L. Montney 7.7 mmcf/d M. Montney 5.8 mmcf/d c-A55-F/94-B-16 HZ a-91-F/94-B-16 HZ Pad U.…
  11. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 11
    PPY Montney Development Economics PPY Montney Production PPY Average Montney Well Production 14,000 7,000 PPY Wells (Lower) Average of all PPY Montney Wells 12,000 PPY Wells (Middle) 6,000 6 bcf Type Well PPY Wells (Upper) 7.8 bcf…
  12. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 12
    PPY 5 Year Montney Model for Growth* 600 Production Forecast (March 2018)R 600 mmcfe/d or 99,950 boe/d 500 10,400 bbl/d liquids included Production Forecast (Exit 2017)R 400 Production (MMcfe/d) 574 mmcfe/d or 95,700 boe/d…
  13. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 13
    PPY 5 Year Montney Model 2013 2017 Model includes 290 net horizontal Montney wells All located on 100% PPY lands 13% of land developed, at 12 wells/sec *Outlook derived by utilizing, among other assumptions, historical Montney…
  14. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 14
    PPY BC Reserves* (Dec. 31, 2012) P+P ReservesG NPV10% 932.4 mm 185.5 mmboe (1.1 Tcfe) Including 17.0 mmbbl of NGLs 17 bbl/mmcf of NGLs 16% of total Montney acreage assigned reserves in at least 1 zone Proved ReservesG NPV10%…
  15. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 15
    PPY Montney Contingent ResourcesG (Dec. 31, 2012) 50% of lands booked by P+P reserves and Contingent Resources Best Estimate of Contingent ResourcesG NPV10% 1.45 billion 3.15 Tcfe (525 mmboe) Including 28.4 mmbbl of NGLs…
  16. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 16
    Townsend Kobes Activity 15,900 net Montney acres (25 net sec)L 93% working interest a-A11-J/94-B-16 Hz L. Montney 1,819 boe/d High liquids content, new wells tested: a-B11-J/94-B-16 Hz U. Montney 2,230 boe/d a-B11-J/94-B-09 upper…
  17. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 17
    Buckinghorse Shale Overview Regionally extensive sweet gas resource play BC Government estimated gas-in-place of 60 bcf/section per 100 m thickness* 800 m thick in the area, suitable for vertical well development at 16-32…
  18. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 18
    Buckinghorse Shale Activity Plan to frac 2 (1.0 net) existing wells in Q4 2013 95,900 net acres (150 net sec)L Utilizes same infrastructure as Montney project 3 wells production tested in area Buckinghorse tests Alaska…
  19. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 19
    Industry Transactions Mark to Market Valuations* Painted Pony Reserves Valuation Acquisition P+P Reserves Reserves Metric (/boe) ExxonCeltic 138.4 mmboe 24.19/boe1 PetronasProgress 323.0 mmboe 17.93/boe2 Painted Pony BC reserves…
  20. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 20
    Saskatchewan Light Oil Where We Started Saskatchewan advantage PPYs 100% owned and operated light oil battery High quality light oil at Huntoon, Saskatchewan Premium operating netbacks Year-round access Multizone potential…
  21. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 21
    Bakken Assets: Expanding South 30 miles/50 km Viewfield Weyburn Bakken 1,700 m TVD Royalty Incentive Depth Kisbey Midale Huntoon Border Bakken Play Flat Lake Hummingbird Enlarged Area Estevan Trough Oungre…
  22. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 22
    Flat Lake Project: Bakken Assets 13,700 net acres (21 net sections)L Average working interest 47% Drilled wells 2013 locations 100% Crown land Future Development 2.5% Crown royalty for first 100 mbbl/well Hummingbird P+P NPV10%R:…
  23. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 23
    PPY Current Market Cap Vs. Evaluated Value (Dec. 31, 2012) 3,000 1,445 2,500 Contingent Value 2,000 1,445 Value (mm) 1,500 196 45 Unrecognized Value 1,066 1,000 600 500 707 0 G Market Cap NPV10% (P+P)…
  24. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 24
    Appendices & Disclosures 24
  25. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 25
    Blair, West Blair and Cameron Facilities 67,100 net Montney acres (105 net sec) at Blair & West BlairL Spectra 92% working interest T-North Pipeline 12,600 net Montney acres (20 net sec) at CameronL 2013: drilling up to 9 (6.6…
  26. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 26
    Cypress Activity 25,700 net Montney acres (40 net sec)L 73% average working interest Montney zone up to 600 metres thick Montney zone folded & faulted (naturally fractured) Potential vertical development 2013: recomplete 1 (1.0…
  27. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 27
    Financing Activity* May 17, 2007 IPO 13.5 mm May 23, 2007 Began trading on TSX Venture Dec. 6, 2007 10.0 mm 2.40 Mar. 31, 2008 17.8 mm 4.33 Apr. 30, 2008 38.3 mm 4.35 Jun. 30, 2009 20.0 mm 2.85 Nov. 17, 2009 51.7 mm 5.88 Aug.…
  28. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 28
    Directors Glenn R. Carley, B.A., J.D., MBA, President, Selinger Capital Inc. ICD.D Chairman Kevin D. Angus, P. Geoph. President, KD Angus Corp. Allan K. Ashton, P. Eng. Chairman, Ashton Petroleum Consultants Kelly I. Drader,…
  29. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 29
    Executive Team Patrick R. Ward, P. Geol. President & CEO John Van de Pol, C.A. VP, Finance & CFO Bruce G. Hall, P. Land VP, Land Edwin S. Hanbury, P. Eng. VP, Engineering Barry McNamara, PhD., P. Geol. VP, Corporate…
  30. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 30
    Analyst Coverage Jeremy McCrea jmccreaaltacorpcapital.com (403) 539-8617 AltaCorp Capital Anthony Petrucci apetruccicanaccordgenuity.com (403) 691-7807 Canaccord Genuity Corp. Arthur Grayfer arthur.grayfercibc.com (403) 216-3409…
  31. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 31
    PPY Corporate Overview Legal Burstall Winger LLP Auditor KPMG LLP Evaluation Engineers Sproule Associates Limited GLJ Petroleum Consultants Ltd. Banks National Bank of Canada Alberta Treasury Branch Canadian Imperial Bank of…
  32. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 32
    Endnotes MM: Millions R: Internal Company estimate prepared by a non-independent qualified reserves evaluator, effective Feb. 10, 2013 L: SK land as at Jun. 30, 2013 BC land as at Jun. 30, 2013 G: Consolidated report by GLJ…
  33. OCTOBER 2013 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 33
    Disclaimer NON-GAAP MEASURES This presentation contains financial terms that are not considered measures under generally accepted accounting principles (GAAP), such as operating netback and working capital. These measures are commonly…

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