Perpetual Energy TSX:PMT DIVERSIFIED RESOURCE STYLE GROWTH ORIENTED Conventional ENTREPRENEURIAL Shallow Gas EXPLORER, PRODUCER & MARKETER Distributing Trust Common shares outstanding 148.3 million Management ownership 25.3%…
Operating Profile Conventional Shallow Gas Mannville Heavy Oil Eastern Alberta Bitumen Panny, Marten Hills, Liege Warwick Gas Storage Viking/Colorado Shallow Shale Gas Edson Wilrich Deep Basin Multi-Zone Liquids-Rich Gas…
Diversified Portfolio Built to Prosper SHALLOW LIQUIDS- HEAVY OIL BITUMEN OTHER GAS RICH GAS Maximize Invest For Invest For Advance and Advance and Cash Flow Growth Growth Optimize For Optimize For Value Value Eastern Alberta Edson…
Portfolio Management Strategy PROVEN MEDIUM AND CASH FLOW DIVERSIFYING LONG TERM GENERATORS GROWTH STRATEGIES VALUE STRATEGIES Maximize Cash Flow Invest For Growth Optimize and Advance Conventional Shallow Gas Eastern Alberta…
Asset Base Transformation 100% 4,500 25% 90% 4,000 Resource-style oil & liquids 80% growth assets now 40% of 3,500 20% production Percentage of total production (%) 70% Oil and NGL Production (bbl/d) 3,000…
Cash Flow Diversification Production Revenue from Oil & NGL 2013 Forecast Revenue (1) 30 60% 25 50% Oil 20 40% Revenue (MM) 15 30% NGL Hedging 10 20% Gas Gas Storage 5 10% 0 0% Q110 Q210 Q310 Q410…
2013 Top 5 Strategic Priorities 1. Maximize Value of Mannville Heavy Oil 2. Position for Growth of Edson Liquids-Rich Gas 3. Advance and Broaden Portfolio of High Impact Opportunities with Risk-Managed Investment 4. Manage Downside…
Maximize Value of Mannville Heavy Oil
Eastern Alberta - Conventional Heavy Oil Discovered 12 Mannville pools Mannville 6 Lloyd, 5 Sparky, 1 Basal Quartz 200 MMbbl Original Oil in Place 10 MMbbl 5% recovery factor Current Production 3,775 bbl/d(1) Low cost HZ…
Heavy Oil Production Mannville Heavy Oil Production 4,500 2012 Capital Wedge 4,000 2013 Capital Wedge Base Budget 3,500 Daily Oil Production (bbl/d) 3,000 2,500 2,000 1,500 1,000 500 0 Jan Feb Mar Apr May…
Upper Mannville A Pool - Lloyd Channel OOIP = 33 MMbbls Wells Performing At or Cumulative to date 530 Mbbl year end 2012 ( 1.6% recovery) Booked Reserves (year end 2012) 1.13 MMbbl (5% RF) 3 wells drilled in Q1 2013, 1 planned for Q3…
Mannville Heavy Oil Value Potential Projected Economics per Assumptions Drilling Location (from McDaniel) Capital (D,C & T) 1.1 MM 92.50/bbl WTI; 26.90/bbl differential 2013 Pricing = 65.60 Hardisty heavy price NPV 10 % 1.05 MM…
Upper Mannville I2I Sparky - Enhanced Recovery OOIP = 31 MMbbl (initial EOR area only); Total Pool: 46 MMbbl Cumulative to date 352 Mbbl 02/8-4 Recovery Factor to…
Enhanced Oil Recovery Scope Pool (3) OOIP (1) Cumulative P+P Implied Expected Potential with production Reserves Recovery Primary Secondary to 12/31/12 booked at Factor Recovery Recovery and EOR 12/31/12 (5-8%) (10-15%) (MMbbl)…
Position for Growth of Edson Liquids-Rich Gas
Edson Wilrich Liquids-Rich Gas Pipeline To Edson Pipeline to Alliance Deep Cut Plant under construction 36 bbl/MMcf NGL Q2/Q3 2013 16-10 Compressor Capacity 30 MMcf/d 1-34 Compressor Q1 Expanded to 30 MMcf/d Q2/Q3…
Wilrich Value Potential - West Edson Projected Economics per Drilling Location Assumptions (McDaniel) Capital (D,C & T) 6.3 MM gross 2013 Pricing 3.18 / GJ; 57 /bbl NGLs Operating Costs 4.75 / BOE (first year) NPV 10 % 4.93 MM BT…
Wilrich Value Potential - Edson Projected Economics per Drilling Location Assumptions (McDaniel) Capital (D,C & T) 4.9 MM 2013 Pricing 3.18 / GJ; 61.00 /bbl NGLs Operating Costs 5.50/ boe (first year) NPV 10 % 1.95 MM Well Depth…
2013 Full Year Capital Spending Plan Total Capital: 75 - 85 million Q1 2013 Remainder 2013 Total 2013 Wells Capital Wells Capital Wells Capital Mannville Heavy 27 gross Up to 13 Up to Up to 40 Up to 27 MM Oil (25.7 net) (12.3…
Optimize and Advance Medium to Long Term Opportunities Elmworth Montney - SOLD Viking/Colorado Shallow Shale Gas Bitumen
Viking / Colorado Shallow Shale Gas Vast Resource in Place 130 Tcf Belly River Play Fairway Cardium/ Colorado Wells 250 to 800m vertical depth Perpetual Lands Viking Proved Undeveloped Viking Viking Probable Undeveloped Booked…
Bitumen 527 net sections (329,000 net acres) of oil sand leases Various formation targets and ultimate recovery methods 7 potential project areas with varying potential 3 Billion bbls OBIP independently recognized at Liege and…
Bitumen Marten Hill Clearwater Project Area Oil Sands Leases Reconfiguration Well 100/08-30-075-25W4/00 OOIP 10m pay = 310 MMbbl Contingent Resource = 11.5 MMbbl Reconfigure 3-30-75-25 W4M horizontal well Evaluating…
Bitumen Panny Bluesky 8m Bitumen Established low rate flow without solvent or thermal assistance 10m Bitumen Average pay thickness 11 m Low viscosity bitumen 15,000 cp 25oC Highly mobile at 70oC Panny Bluesky Resource…
LEAD Process Technology Pilot Low pressure Electro-Thermally Assisted Drive Pilot Costs 18.2 million IETP funding (30%) 5.5 million Production Injection Facilities Producing Power Facilities Wellhead source 13-34 TOB1 TOB2…
Bitumen Liege Carbonates R 22 R 21 R 20 R19 W4 Grosmont Net Bitumen 3 Grosmont carbonate / Leduc OV wells 10 - 20 m drilled to evaluate resource T95 Stacking of 3 Grosmont units 30 m pay 20 - 30 m Leduc reef facies also present and…
Manage Downside Risk and Reduce Debt
Debt Reduction 23 Dispositions Closed in 2012 Net Proceeds: 167.2 MM Production: 2,945 Boe/d Gas: 13.2 MMcf/d Oil and NGL: 745 bbl/d P+P Reserves: 10.0 MMBoe Reduction in FDC: 24.6 MM Warwick Gas Storage: Sold 90% 1 year…
Warwick Gas Storage 40 Bcf Storage Reservoir Commercial Park and Loan business 10 Bcf base reserves cushion gas in place 30 to 50 year life 5 -11 Bcf additional operating cushion Up to 25 Bcf potential working gas capacity Grass…
Balance Sheet Current Net Bank Debt: 58 million Borrowing base on credit facility 125 million Reducing to 110 million July 2013 Next semi-annual redetermination October 2013 Senior Unsecured Notes: 150 million Coupon rate - 8.75%…
Commodity Price Risk Management Strategy Enhance or protect funds flow and balance sheet Enhance or protect the economics of an acquisition Enhance or protect capital program economics Capitalize on perceived market anomalies 9.00…
Prepare to Maximize Value from Shallow Gas Assets in Gas Price Recovery
Conventional Shallow Gas East Central and Northeast Alberta Cretaceous and Devonian sweet shallow gas Belly River Current production 70 MMcf/d Base declines < 20% Viking Multiple stacked zones and play types Extensive plant and…
Investment Thesis
Sum of the Parts 1,250.00 Unrisked NAV 6.89 /Share(2) 8.00 Warwick Gas Storage 1,000.00 Viking/Colorado Shallow Shale Gas 6.00 Conventional Shallow Gas 750.00 Risked NAV Wilrich 4.14 /Share(2) Bitumen 4.00 Mannville Heavy…
PMT Investment Thesis Asset base repositioning for resource-style oil & NGL diversification successful Mannville heavy oil delivering results with material secondary recovery growth potential Edson Wilrich liquids-rich gas inventory…
FOR ADDITIONAL INFORMATION: Susan L. Riddell Rose President & CEO Cameron R. Sebastian Vice President, Finance & CFO 3200, 605 5 Avenue SW Calgary, Alberta CANADA T2P 3H5 800.811.5522 TOLL FREE 403.269.4400 PHONE…
Loading...
