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JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp.

Pacific Rubiales Energy Corp. · Jan 8, 2014 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 1
    Investor Presentation 2014 Outlook & Guidance Produc(on Growth and Cash Genera(on Focus
  2. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 2
    Forward Looking Statements Resources Readers should give aen,on to the es,mates of individual classes of Resources and appreciate the diering probabili,es of recovery associated with each class. Es,mates of remaining recoverable…
  3. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 3
    2014 Outlook & Guidance Highlights* 148-162 Mboe/d Target average net producon, 15-25% growth over 2013 produc,on levels 90-95 Oil price realizaon expected for 2014 /bbl 30 Targeted opera,ng cost as the result of the…
  4. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 4
    Outstanding Track Record of Execung and Delivering Consistent Strong CAGR on all Opera,ng Parameters 2007-2012 Guidance 2007 2008 2009 2010 2011 2012 2013 (E) CAGR 2014 Avg Gross Field Prod 310 Guidance: 22 47 83 144 219…
  5. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 5
    Track-Record of Delivery vs. Guidance Average Net Producon EBITDA Average Net Produc,on Guidance (Low-end) Billion Mboe/d EBITDA Guidance (Low-end) Guidance (High-end) Guidance (High-end) 4,0 180 3,6 160 162 3,5 3,4 148…
  6. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 6
    Pacic Rubiales Stock Performance vs. Peers PRE Peers 180% 160% Evident Decoupling between Market & 140% Fundamentals Advantaged assets and strategy 120% Two year share price: 100% - PRE (-1%) - Peer Index…
  7. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 7
    Pacic Rubiales Addressing Concerns 2013 Concerns Status Overview Moving to rst commercial STAR Pilot Project Success roll-out in 2014 Blanket E&D lisense awarded CPE-6 License Issuance November, 2013 Successful result on 2…
  8. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 8
    CPE-6 Successful Oil Flow From Two Wells Clear Path to Replace Rubiales Field Produc,on Lies along the heavy oil trend, 70 km southwest of Rubiales/Quifa An incised-valley stra,graphic model control the reservoir distribu,on…
  9. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 9
    Rio Ariari Clear Path to Replace Rubiales Field Produc,on Mochelo 760 thousand acre block containing mul,ple oil discoveries Lies along the heavy oil trend some 80 km west of CPE-6 and adjacent to CPO-17 Incised-valley…
  10. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 10
    Pacic Rubiales 2014 Guidance 2014 (E) Oil Price Realiza,on (/bbl) 90 - 95 - Produc,on (Mboe/d) 148 - 162 - Financials (US Billions) Revenues 5.1 - 5.6 - Opex (Produc,on + Transporta,on + Diluent) - 30/boe G&A - 5%…
  11. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 11
    2013 vs. 2014 E&D Capital Expenditure Fully Funded by Internally Generated Cash Flow 2013 Net Capital Program* 2014 Net Capital Program** 10% 11% 32% 28% 26% 2 23% 2.5 Billion Billion 32% 38% Explora,on Development…
  12. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 12
    2014 Exploraon Wells Number of Wells Country Block 1Q 2Q 3Q 4Q (Gross) Quifa North 6 4 2 Sabanero 4 2 2 CPE-6 9 4 5 CPO-14 2 2 CPO-17(1) 3 3 Rio Ariari(2) 2 2 Portono(3) 1 1 SSJN-7 1 1 Colombia Muisca(1) 1 1…
  13. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 13
    Diversied Reserve Growth Driving Producon Con,nuing to Extend and Diversify Reserves Base Net 2P Reserves Other Peru C&C PMD Sabanero Guama CPE-6 Quifa+Cajua Con,nued diversica,on of the reserves base, La Creciente Rubiales…
  14. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 14
    Large Porfolio of Resources Resources Drive Future Reserves and Produc,on Growth TOTAL RESOURCES (PROSPECTIVE + CONTINGENT) GROSS WI RESOURCES NUMBER NUMBER (WI BEFORE ROYALTIES) RESOURCE COUNTRY BASIN OF OF CATEGORY LOW…
  15. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 15
    Five Year Net Producon Forecast CPE-6 and Rio Ariari Replace Rubiales Field Produc,on by 2016 Mboe/d Rubiales Quifa SW La Creciente + Guama CPE-6 + Rio Ariari Light Oil (Colombia + Peru) Explora,on 250 200 150…
  16. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 16
    PRE Forecast Sales & EBITDA* Targe,ng Con,nued Strong Growth with Rising Produc,on Billion Oil & Gas Sales EBITDA 9 8 Target: 7.8 9.0 7 6 5.1 5.6 5 4,7 Target: 4.0 5.2 4 3.4 3.6 3 2,6 2 1 0…
  17. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 17
    Undervalued Excellent Produc,on Growth and Cash Genera,on Compared to Peers Producon CAGR (2013E-2015E) 40% Pacic Rubiales has an industry leading cash 30% ow and growth prole vs. peers 20% Despite impressive free cash…
  18. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 18
    Undervalued Trading Below Peer Average, Despite Strong Cash Flow and Growth Prole EV/DACF (Rao) Price/CFPS (Rao) 8,0x 8,0x 6,0x 6,0x 4,0x 4,0x 2,0x 2,0x - - Global Large Cap Peer PRE Colombia Peer Group Global…
  19. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 19
    Why Pacic Rubiales Track Record of Execu,ng and Delivering Strong Growth and Cash Genera,on Ability to leverage free cash ow towards internal and external growth opportuni,es Sustainable - Targe,ng annual EBITDA of 3.4 to US3.6…
  20. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 20
    Why Pacic Rubiales Compe,,ve Advantages, Undervalued with Upside vs. Peers Midstream par,al assets spino, strengthens balance sheet while reduces reliance on 3rd party providers PACIFIC MIDSTREAM - Pipelines: 370 Mbbl/d ODL…
  21. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 21
    2014 Outlook & Guidance Conclusions Industry leading producon growth of 15 25% (148 162 Mboe/d) E&D capex of 2.5 billion to fund future growth: Budget reects increased development drilling and exploraon capex CPE-6 and Rio…
  22. JANUARY 2014 INVESTOR PRESENTATION – Pacific Rubiales Energy Corp. – slide 22

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