PBN:TSX Corporate Presentation Peters & Co. 2011 North American Oil & Gas Conference September 2011
PBN:TSX PetroBakken Summary Generating value through light oil resource plays Repeatable organic growth combined with an attractive dividend yield We are targeting 2011 exit production rates of 46,000 49,000 boepd Our Bakken…
PBN:TSX 2011 Capital Forecast Business Drilling Capital 2011 exit production expected to be between 46,000 49,000 boepd Units (Net Wells) (millions) Since most of our production is from wells Bakken 80 (1) drilled in the past 24…
PBN:TSX A Resource Play Well Each well creates positive shareholder value Targeting capital payback to be less than 2 years Generates 25+ year revenue stream post payback of capital Typical Bakken Well 250 200 Primary Recovery…
PBN:TSX Bilateral Evolution Development of Bilateral horizontal well technology Bilateral wells are capital efficient for down-spacing: Four bilateral wells will fully develop a section Eight single laterals required to achieve…
PBN:TSX Bakken 3.0 in Perspective Achieving superior performance Average results from first 140 bilateral horizontal wells and 140 offsetting single lateral wells Optimized Bakken Quarter Section Development Economics (Crown) 2…
PBN:TSX Bakken Completions Another Improvement PBN enhances completions to improve productivity and lower water cuts Earlier, out-of-zone, fracture propagation in northern Bakken resulted in high water Higher Production cuts and…
PBN:TSX Bakken EOR Pilot Projects Experimentation increases in 2011 Reservoir studies indicate gas will be an effective injection fluid CO2 injection demonstrated improved recoveries in offsetting wells PBN projects now focus on the…
PBN:TSX Bakken EOR Projects Up to five pilot projects to be started in 2011 All EOR pilot projects are in close proximity to our existing infrastructure allowing us to take advantage of our produced natural gas EOR Project…
PBN:TSX Cardium Activity December 2009 December 2010 Early Sept 2011 Land 4 Net Sections 240 Net Sections 260 Net Sections Production 0 boepd 7,335 boepd 12,250 boepd Drilling Activity 0 Rigs 10 Rigs 8 Rigs Cumulative Wells 0 75 (55…
PBN:TSX Pembina Cardium Geological Environment Schematic cross section This schematic cross section illustrates the rich geological environment in Pembina at multiple depths The Cardium sand identified uses a 6% porosity cutoff,…
PBN:TSX Cardium Results Pembina results 250 We currently utilize Sproule 125-250 mbo booking range slickwater frac 2011 West Pembina Wells 200 completions 2011 Cardium Wells We continue to optimize Oil Rate (bopd) 2010…
PBN:TSX New Emerging Alberta Resource Plays PBN well positioned for rapid development Meaningful land position with over 190 net undeveloped sections, exposed to new emerging oil and liquids-rich gas resource plays Planning to…
PBN:TSX Growing a Resource Play Company Repeatable organic growth combined with an attractive dividend yield Large undeveloped land base, with more than 2,150 drilling locations Continuing to apply innovative ideas and refine…
PBN:TSX www.petrobakken.com Eighth Avenue Place 2800, 525 8th Avenue SW Calgary, Alberta T2P 1G1 Phone (403) 268-7800 Fax (403) 218-6075
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