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NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd

Painted Pony Petroleum Ltd · Nov 14, 2011 · 33 slides

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  1. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 1
    Corporate Presentation November 14, 2011 1
  2. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 2
    Corporate Overview Stock exchange: TSX.V PPY.A & PPY.B 52 week low - high: PPY.A: 6.76 - 14.30 PPY.B: 9.00 - 9.65 Market capitalization: 870 MM (12.50 Class A, 9.20 Class B) P+P NPV 10% (June 30, 2011)SG: 797.9 MM June 30, 2011…
  3. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 3
    Three Game Changing Resource Plays Over 125 net sections of land in each Bakken Montney of three resource plays Oil Gas Option of oil or gas resource projects In-house generated projects First mover exploration into new areas Top…
  4. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 4
    Significant Production Growth Production (boe/d) 4,500 70 4,000 60 3,500 50 3,000 BOE/d per MM Shares 40 2,500 boe/d 2,000 30 1,500 20 1,000 10 500 0 0 2007 2008 2009 2010 Q1-Q3E 2011 Oil Liquids…
  5. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 5
    Significant Reserves Growth Gross Proved & Probable ReservesSG 90,000 2.0 85,594 mboe 80,000 1.8 1.6 70,000 Gross Reserves (boe) / Share 1.4 Gross Reserves (mboe) 60,000 1.2 50,000 1.0 40,000 0.8 30,000 0.6…
  6. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 6
    Focus Areas SE Saskatchewan Target : Bakken & Mississippian oil Land: 81,500 net acres (127 net sections)LS H2 2011 planned wells: 22 (14.7 net) BC 2012 preliminary drilling plans: 27 (18.0 net) AB Q3E 2011 sales: 1,340 boe/d (98%…
  7. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 7
    SE Saskatchewan High netback, oil based Q2 2011 netback 66/boe Sask Hz royalty incentive Shallow 37,000 bbls 2.5% royalty rate on crown lands & 0% freehold mineral tax Deep (below 1700m TVD) 100,600 bbls 2.5% royalty rate on…
  8. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 8
    PPY Bakken Short Well Development Economics Assumptions (Base Case): Bakken Production Sproule short well cost (drill, 250 Sproule Short Bakken Type Well complete, equip, tie-in): 1.7 MM PPY Average Short Well 200 Initial…
  9. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 9
    Bakken at Midale/Huntoon, Saskatchewan Net acreage: 13,800 acres (21 sections) LS Approximately 80% of SK production Drilling program: 2011 planned: 13 (12.3 net) Hz 2012 planned: 6 (6.0 net) Operational highlights: Two batteries…
  10. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 10
    Flat Lake, Saskatchewan Acquisition April 2011, 7.7MM bought 45 bbls/d & 6,018 net acres (9.4 net sections) Net acreage: 13,600 (21 sections) LS Average WI 46% Drilled 2 (0.8 net) wells, each tested at over 200 bbls/d oil IP…
  11. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 11
    NE British Columbia BC Alberta SK Year-round access 136,000 net acres (213 net sec) LBC 85,200 net acres (133 net sec) LBC of Montney rights 82,500 net acres (129 net sec) LBC of Buckinghorse shale rights Sweet gas, high…
  12. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 12
    Cameron/ Blair Montney Geologic Section Cameron/ Kobes Blair/ Town Thickness: 1,000 ft (300 m) Upper Montney Thickness 100115m Porosity: 3% - 6% Perm: 0.05 md Middle Montney Thickness 75m-115m Porosity: 2.5 7% Perm: 0.02…
  13. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 13
    Farrell Kahta Montney Lands PPY currently has 85,200LBC net acres of Montney rights Est. PRQ Petronas J.V. valued at 14,250 15,000 per acre* Est. TLM Sasol J.V. valued at 36,700 41,200 per acre* Mark-to-market land value of…
  14. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 14
    Montney Test Results Overview Multiple wells HZ U. Montney 5-10 mmcf/d a-A50-F/94-B-16 HZ L. Montney 8.5 mmcf/d U. Montney 4.8 mmcf/d d-40-F/94-B-16 HZ d-5-K/94-B-16 HZ L. Montney 5.8 mmcf/d Blair/ Town U. Montney 6.4 mmcf/d L.…
  15. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 15
    PPY Montney Development Economics Lower/Middle Montney Production Upper Montney PPY Operated Wells 12,000 5,000 GLJ 6 Bcf Type Well (Lower) GLJ 4.5 Bcf Type Well PPY Wells (Lower) PPY Wells 10,000 PPY Wells (Middle) 4,000…
  16. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 16
    PPY Montney Reserves Proved reserves: NPV10 173.1 MMG 18,132 mboe (108,794 mmcfge) 19 bbls/mmcf Proved plus probable reserves: NPV10 621.1 MMG 79,487 mboe (476,926 mmcfge) 20 bbls/mmcf 12% of upper and lower Montney acreage…
  17. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 17
    PPY Montney Contingent Resources Lower Montney Middle Montney Upper Montney Best estimate of contingent resources*: NPV10 2.1 billionG 358 mmboe (2.1 tcfge): 1,908 bcf gas and 40 mmboe liquids *Contingent Resources is defined…
  18. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 18
    Blair/Town Montney Operations Blair/ Town 64,500 net acres (101 net sections)LBC Montney rights 100% operated with avg 93% WI H2 2011 drilling 4 (4.0 net) Hz wells 2012 preliminary planned drilling: 16 (16.0 net) Liquids…
  19. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 19
    Blair/Town Montney Development Scenario Test and Pilot Phase Phase 1 Development Full Development of First Layer Current 2 verticals, 7 Hz wells 18 month Plan 28 net wells 5 year development on primary on production Blair / Town…
  20. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 20
    PPY Montney 5 Year Development Scenario Assumptions of: IP30d 4.5 mmcf/d & 5 Bcf recoverable/wellR Drilling 330 net wells Production results (exit 2016): 466 mmcf/d gas 9,800 bbls/d liquids 525 mmcfe/d (87,500 boe/d) Land…
  21. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 21
    Diaber Hz d-44-C/94-B-16 24.5 mmcf/d Sept 28/11 PPY Operated 50% WI 60 flare stack with approx. 100 flare choke 2,700 PSI Unloading frac water 3,000 bbls/d 21
  22. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 22
    Cameron/Kobes Montney Operations Net acreage: Joint venture ongoing anticipated avg WI CNRL 27% Plant Cameron/ 11,500 acres (18 net sections) when U. Montney HZ Tested Kobes J.V. partner fully earns on block L. Montney d-44-C…
  23. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 23
    Buckinghorse Shale Overview Regionally extensive sweet gas resource play BC Government estimated gas-in-place of 60 Bcf/ section per 100m thickness* 800m thick in the area Zone is shallow - 400m (1,300 ft) TVD Over pressured…
  24. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 24
    Buckinghorse Shale Operations Net acreage: 82,500 acres (129 sections) LBC of prospective Buckinghorse Rights Blair/ Town Well program: 2 (1.0 net) drilled Cypress Planned fracing in H1 2012 Operational highlights: 3 wells in…
  25. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 25
    Financial and Operational Results Q3E, H1, 2011 2010* 2009 2008 2007 2011 Sales (boe/d) 4,000 3,809 2,848 1,552 761 25 Capex (MM) 62 132 56 73 6 Funds from operations (MM) 22 36 15 13 1.0 / diluted share 0.39 0.74 0.44 0.38…
  26. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 26
    Financing Highlights Recapitalized tax loss company with 19.5 MM in tax pools as a new junior oil and gas exploration and development company May 17, 2007: Raised 13.475 MM* Initial public offering: Class A .25/share, Class B…
  27. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 27
    Analyst Coverage Arthur Grayfer arthur.grayfercibc.com (403) 216-3409 CIBC World Markets Inc Jonathan Fleming jflemingcormark.com (403) 750-7209 Cormark Securities Inc Cody R. Kwong crkwongfirstenergy.com (403) 262-0600…
  28. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 28
    Board of Directors Ronald Talbot, Chairman, P. Geol Former Dean, Energy Department SAIT, founding director, Baytex Energy Glenn R. Carley, B.A., J.D., MBA, ICD.D President, Selinger Capital Inc. Kevin Angus, P. Geoph VP…
  29. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 29
    Executive Team Patrick R. Ward, P. Geol President & CEO Joan E. Dunne, B. Comm., C.A. VP, Finance & CFO Michael E. Belenkie, P. Eng VP, Reservoir Eng. & Corp. Dev. James H. French, P. Eng VP, Production Operations James S.…
  30. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 30
    Footnotes S Sproule Report effective June 30, 2011 using Sproule price forecast dated July 1, 2011 G GLJ Report effective June 30, 2011 using GLJ price forecast dated June 30, 2011 SG Consolidated from Sproule Report & GLJ Report…
  31. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 31
    Disclaimer Special Note Regarding Disclosure of Reserves or Resources Contingent Resources is defined in the Canadian Oil and Gas Evaluation Handbook as those quantities of petroleum estimated, as of a given date, to be potentially…
  32. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 32
    Corporate Overview Legal Burstall Winger LLP Auditor KPMG LLP Evaluation Engineers Sproule & Associates GLJ Petroleum Consultants Ltd. Bank National Bank of Canada Corporate Office 300, 602 12th Avenue SW, Calgary, AB T2R 1J3…
  33. NOVEMBER 2011 CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 33
    www.paintedpony.ca 34

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