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FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd.

Pace Oil & Gas Ltd. · Nov 15, 2011 · 31 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. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 1
    Strong Growth, Solid Value and Large Resource Upside Growing Oil - Reserves, Production, and Cash Flow BUILDING A TOP TIER ENERGY COMPANY, BUILDING IN GROWTH, BUILDING UP VALUE FirstEnergy/Socit Gnrale EnergyGrowth Conference…
  2. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 2
    Corporate Overview Strong Growth Top tier growth - oil weighted and per share Solid Value High quality, long life, oil weighted assets Significant Upside Portfolio of top tier resource plays Multiple valued-added visible growth…
  3. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 3
    Corporate Highlights Current Basic Shares Outstanding (mm) 47.4 FD Shares Outstanding (mm) 50.6 Net Debt (mm) September 30, 2011 166 Credit Facility (mm) (1) 275 Proved Reserves (mmboe) 41.8 2P Reserves (mmboe) 50% Oil 67.0 2011…
  4. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 4
    Corporate Growth Strategy Exploit and develop existing oil assets Near Term (1-2 years) Explore and develop oil resource plays in inventory Oil Focused maintain Gas option Maintain best gas resource opportunities Engineered…
  5. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 5
    Strong Financial & Operating Results Q3 2011 and 2011 Outlook Production Q3 2011 Q3 11 YTD 2011e(1) Natural Gas (mcf/d) 44,981 47,894 46,200 - 49,500 Oil and Liquids (bbls/d) 6,061 6,003 6,300 - 6,750 Total (boe/d) 13,558 13,985 14,000…
  6. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 6
    Pace Delivered Top Finding Costs 2010 2010 Full Year H2 2010 Pace Driven Pace & Provident Upstream Activities FD&A Costs FD&A Costs Proved Plus Proved Plus /boe Proved Probable Proved Probable E&D Capital 13.10 12.91 5.79 5.54…
  7. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 7
    Production Growth Total Production boe/d Gas (boe/d) 14,141 14,262 13,558 13,088 Oil (bbls/d) 12,403 Total production up over 10,271 38% from Q1 2010 9,808 Oil production up over 70% from Q1 2010 Achieved record oil…
  8. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 8
    Decreasing Op Costs & Increasing Op Netback Operating Costs/boe Operating Netbacks/boe) 19.68 24.11 17.24 20.77 20.40 15.21 19.54 13.81 13.51 13.20 13.38 16.57 14.99 15.20 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q1 10…
  9. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 9
    Cash Flow Growth Q3 2011 Q3 2010 % Change Funds from Operations (000s) 21,174 12,980 63% per share basic and diluted 0.45 0.32 41% Natural Gas (mcf/d) 44,981 46,408 -3% Oil (bbls/d) 5,784 4,400 31% NGLs (bbls/d) 277 268 3%…
  10. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 10
    Strong Comparative Growth & Strong Balance Sheet 60% CFPS Growth (2011e/2010e) 40% 20% 0% -20% -40% -60% -80% Top tier cash flow per share growth Cash Use/2011e CF 200% 180% 160% 140% Maintained balance 120% 100% sheet flexibility…
  11. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 11
    2010 Reserves Breakdown Reserves by Product Reserves by Category Net Present Value by Product (boe, P+P) (, NPV 10% Disc) (, P+P, 10% Disc) NGL NGL 1% 1% 28% Gas Prob 27% Gas 52% 63% Oil PDP 9% 47% PDNP Oil PUD 72%…
  12. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 12
    Pace Underlying Value NGL 1% Gas Oil Proved PV10 11.88 / share Each common share owns 52% 47% Probable PV10 4.71 / share 1.41 boe of reserves 2P PV10 16.59 / share (0.68 bbl of oil) 2010 Net Asset Value - (mm) BT P+P 10%…
  13. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 13
    Low Risk, Low Decline Solid Value 100% 90% PDP % of TP Pace has solid value 80% 70% reserves 60% 50% 40% 30% 77% proved developed 20% 10% producing 0% 10 9 8 P+PA FDC / Q1 2011 annualized CF Low future 7 6 5…
  14. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 14
    Significant Upside & Visible Long term Growth Areas Key Attributes High working interest and operational control Focus on top-tier oil and large gas resource plays Large Repeatable Oil Northern Alberta Pekisko/Muskwa Peace…
  15. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 15
    Peace River Arch - Dixonville Key Attributes Current production: 3,500 boe/d (87% oil) Acreage Gross 58,000 91 sections Net 54,900 86 sections Large Montney C Oil Pool OOIP 150 mmbbls 30 degree API oil Waterflood initiated…
  16. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 16
    Dixonville: Montney C Reservoir Simulation Cd Oil (bbl/d) CdWater (bbl/d) CdWinj (bbl/d) Gas/Oil Ratio (cf/bbl) 3,000 bbls/d Waterflood response exceeds base case (booked reserves) and current model PACE OIL & GAS INVESTOR…
  17. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 17
    Peace River Arch - Red Earth Area Key Attributes Current production: 650 bbls/d (oil) Total Acreage Gross 56,000 - 88 sections Southern Alberta Net 38,000 - 59 sections Top quality light oil property with Slave Point…
  18. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 18
    Southern Alberta Key Attributes Lithic Glauconite & Mannville Oil Plays Current production: 4,400 boe/d (40% oil) Total Acreage Gross 469,000 - 733 sections Net 281,000 - 439 sections Concentrated assets in high working interest…
  19. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 19
    Northern Alberta: Rainbow/Haro Resource play Key Attributes Current production: 3,750 boe/d (18% oil) Total Acreage Gross 368,500 - 575 sections Net 321,000 - 501 sections Stable, long term production base Large low decline…
  20. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 20
    Pace Oil Enhanced Recovery 12/31/10 Proved 12/31/10 2P Reserves Net Upside Potential Reserves Gross OOIP Pace WI Ultimate Remaining Ultimate Remaining Total Incr Incr Area (mbbls) (%) Recovery Mechanism (% OOIP) (mbbls) (% OOIP)…
  21. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 21
    Deep Basin Area Elmworth Current Production: 1,200 boe/d (97% gas) Stacked Resource Play Cadomin & Nikanassin + Deep Basin Land Area Gross Acres Net Acres Elmworth 5,800 3,500 Chinook Ridge 27,000 16,300 Bilbo 19,200…
  22. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 22
    Deep Basin Multi-Zone Gas Resource Play PROSPECTIVE NUMBER OF WELLS AND LAND COST PER WELL UNRISKED POTENTIAL Net Est. Drill, Pace WI Unrisked Net Original Book- Net Unbooked Complete Average Pace Net Unrisked ed Unrisked and Tie-in…
  23. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 23
    Hedging Estimated 2011 oil production of +5,000 2011 - 35% of total oil production hedged bbl/d (yellow bar) with approx 35% hedged (yellow bar) with average floor price of (dotted line). 94.48/bbl (dotted line) Group has 0 60%…
  24. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 24
    Key Investment Highlights Strong Growth Production up, oil weighting up and growing Cash flow up and top tier per share growth Excellent results and continued oil focused growth Solid Value Solid reserves, low decline, low risk…
  25. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 25
    The History of PACE July 2000 - Midnight Oil & Gas Ltd. raises a 15.0 mm non-brokered blind pool financing to commence operations as a private oil and gas exploration and production company. The Midnight Team comprises the senior…
  26. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 26
    Pace Corporate Information Management Directors Fred Woods Fred Woods Tom Simons President & CEO Tom Buchanan Jeff Smith Judy Stripling Peter Harrison Jay Squiers Executive Vice President & CFO Mike Shaikh David Tuer Todd Brown…
  27. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 27
    Farrell Creek BC Key Attributes Working interest: 75%-100% (operated) Net acreage: 19,300 acres (30.2 sections) Current highlights Over 50 Montney wells licensed and drilling in past year Talisman Montney asset sale for 1.05 B…
  28. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 28
    Farrell Creek Montney/Doig Gas Resource PROSPECTIVE NUMBER OF WELLS LAND AND COST PER WELL UNRISKED POTENTIAL Pace WI Est. Drill, Unrisked Net Complete Average Net Original Unbooked and Tie- Production Pace Net Unrisked Net…
  29. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 29
    Notes PACE OIL & GAS INVESTOR PRESENTATION NOVEMBER 2011 30
  30. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 30
    Notes PACE OIL & GAS INVESTOR PRESENTATION NOVEMBER 2011 31
  31. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Pace Oil & Gas Ltd. – slide 31
    For Information Contact Fred Woods President & CEO Judy Stripling Executive VP & CFO Main: 403-303-8500 Investor Relations Email: irpaceoil.ca Website: www.paceoil.ca TSX: PCE OTC: PACEF

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