CORPORATE PRESENTATION April 2015 www.parallelenergy.ca TSX: PLT.UN www.parallelenergy.ca TSX: PLT.UN
CORPORATE OVERVIEW Strategic Alternatives Process (announced on April 15, 2015) Parallel is initiating a process to explore a range of strategic alternatives to reduce indebtedness and maximize unitholder value Corporate Profile…
LOCATION OF ASSETS Texas Assets Greater Panhandle / Hugoton Field Parallels Assets and Operating Areas Oklahoma Assets Location Estimated % of Total Production Texas Carson 63% Texas Sneed 30% Texas Cargray 3% Texas SE…
INFRASTRUCTURE Parallels operating areas have extensive oil and gas infrastructure in place Primary and back-up processing agreements in place at both Carson and Sneed Pipeline, compressors, condensate drip tanks and cooling…
OPERATOR OF ASSETS Parallels Operating Position Texas Assets 100% Operated Oklahoma Assets Non-Operated Parallels U.S. based operating team is led by Tony Swindell, Parallels COO U.S. Operating Team Operating Office Tulsa,…
OPERATING SUMMARY Operating Area Production Type Acreage Wells (net acres) (gross count) Condensate & NGLs Carson Natural Gas 91,000 220+ Condensate & NGLs 100% Operated Sneed Natural Gas 52,000 200+ Texas Condensate…
2014 RESERVE SUMMARY Summary of Reserves at December 31, 2014 Total Oil Net Present Value of Future Net Revenue Equivalent Discounted at (%/year ) (USMM) (mboe) (%) 0% 5% 10% 15% Proved Developed Producing 32,306 67 589 389 281…
CAPITAL PLANS www.parallelenergy.ca TSX: PLT.UN www.parallelenergy.ca TSX: PLT.UN 9
2015 CAPITAL PLANS SUMMARY Current 2015 Capital Budget US3.1 million 2015 Well Cleanout Program US2.2 million Perform up to 100 well cleanouts to Parallels existing wells Complete 20 to 25 well cleanouts per quarter The average…
WELL CLEANOUT PROGRAM Stimulating Well Production & Managing Parallels Production Decline Rate Cleanouts Performed Per Up to 25 Quarter Over time Parallels wells can accumulate fines and dirt which slow production rates. Purpose…
PRODUCTION HISTORY 2015 annual average daily production guidance of 6,800 boe/day Assumes that no drilling is completed in 2015 Average Annual Production (boe/d) (Representing 100% Working Interests) Boe/day per 90 120 134 129…
PRODUCTION MIX & REVENUE Production Mix Condensate and NGLs account for two-thirds of the total production mix Revenue Split Condensate and NGLs account for the majority of Parallels total revenue www.parallelenergy.ca…
PRODUCTION MIX NGL SPLIT Parallels Estimated NGL Production Split & the Weighted Average Price at Conway in Q4-2014 Weighted Average Price Industry Parallels Estimated Average in Q4-2014 NGL Production Split (US/boe at Conway)…
REVENUE & OPERATING NETBACK Breakdown of Gross Revenue (US) (Before Realized Hedges) Parallel realized an operating netback of US23.00 in both 2013 and 2014 www.parallelenergy.ca TSX: PLT.UN 16
MARKET DATA (As at April 15, 2015) Ticker Symbols TSX: PLT.UN (units) TSX: PLT.DB (convertible debentures) Units Outstanding 55.8 million 52 Week Range 0.24 4.84 Closing Price (April 15, 2015) 0.24 Enterprise Value C256 million…
MANAGEMENT & DIRECTORS Management Rick Alexander Tony Swindell President and CEO Chief Operating Officer Rick Miller Chief Financial Officer Directors Chris Burley (Chairman of Parallel Energy Trust) F.H. Mim James Director of…
CORPORATE STRUCTURE Unitholders Investment in Units Distributions Tax efficient Mutual Fund Parallel Principal and Investment in CT Notes Energy Trust Interest on CT Administrator Shareholders Trust structure and CT Units…
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