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AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp.

Palliser Oil and Gas Corp. · Aug 12, 2013 · 24 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. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 1
    TSX-V: PXL www.palliserogc.com CORPORATE PRESENTATION AUGUST 12, 2013
  2. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 2
    Corporate Strategy Top Quartile ROI A heavy oil focused producer with a strong team experienced in growing through the drill bit and acquisitions Palliser strives to achieve top quartile ROI Growing production 98% heavy oil Strong…
  3. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 3
    Management and Directors MANAGEMENT DIRECTORS Kevin J. Gibson, P. Geol CEO Daryl Fridhandler, ICD, QC* Chairman 37 yrs experience Innova; Western Star; Rio Alto; Grad & Walker; ARCO Kevin J. Gibson, ICD, P. Geol Allan B. Carswell,…
  4. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 4
    Corporate Profile COMMON SHARE INFORMATION TSX Venture exchange listed PXL Shares issued and outstanding Basic 63.9 million Diluted 69.0 million Officers and directors ownership Basic 8% Diluted 12% FINANCIAL/OPERATING Credit…
  5. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 5
    2013 Production Guidance and History GUIDANCE 2013 Average production 2,700 2,800 boe/d 2013 Capital expenditures budget 24 million 7
  6. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 6
    Heavy Oil Focus North American Oil and Natural Gas Plays Palliser Greater Lloydminster Area Half-Cycle Payout at Current Strip Prices Core Properties + Lloydminster Vertical 6miles Source: Peters & Co. Limited estimates…
  7. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 7
    Greater Lloydminster Area Characteristics Alberta Saskatchewan SUMMARY 100% working interest and 100% operated Vertical wells Lloydminster Shallow drill depths (400 700 m) Edam Low drilling and equipping costs (625,000/well)…
  8. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 8
    Heavy Oil Capital Program Capital Program Metrics Proved Plus Probable Proved Plus Probable Proved Plus Probable Finding & Finding & Recycle Ratio On-Stream Dev Costs Dev Costs (includes FDC) Program CAPEX Costs (excludes FDC)…
  9. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 9
    Financial Targets 2013 2012 Budget Actual Average yearly production boe/d 2,700 2,800 2,124 Operating netback /boe 26 29 Funds flow from operating activities (MM) 20 17 Funds flow per share 0.31 0.31 Year end net debt (MM) 39…
  10. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 10
    Oil Marketing by Rail Production % of Initiated oil marketing by rail in September 2012 Marketed by Total Rail (boe/d) Oil marketing by rail to the Gulf Coast is resulting in a significant improvement in net wellhead Q1 2013 729…
  11. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 11
    Oil Hedges 2013 WTI CAD Financial WCS CAD Financial Fixed Term Fixed Price Swaps Price Swaps Average Volume Average Volume Price (CAD) bbl/d Price (CAD) bbl/d Q1 105.22 1,350 - - April 103.40 1,200 - - May - - 83.01 1,200…
  12. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 12
    CHOPS (Cold Flow Heavy Oil Production) vs. HVL (High Volume Lift) Early production (CHOPS phase) typically recovers 7-10% of original oil in place CHOPs wells are typically shut-in and abandoned due to high water cuts Pallisers HVL…
  13. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 13
    CHOPS Cold Flow Heavy Oil Production DRILLING ECONOMIC ASSUMPTIONS FOR A CHOPS WELL: Total well cost - 625,000 1st year stabilized production of 40 bbl/d (15,600/bbl/d) Reserves per well of 55 Mbbls (11.36/boe) Typical double tank…
  14. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 14
    CHOPS Cold Flow Heavy Oil Production ECONOMICS (HALF CYCLE) FOR CHOPS WELL WTI (USD) 110.00 100.00 90.00 80.00 70.00 Wellhead (CAD) (1,2) 78.13 70.13 62.13 54.13 46.13 Royalty(CAD) (2) (14.49) (13.00) (11.54) (10.04) ( 8.55)…
  15. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 15
    HVL HVL PODs High Volume Lift DRILLING ECONOMIC ASSUMPTIONS FOR A MODEL HVL POD: Total well & facility cost - 4.8 million 160 acre model 4 producing wells 1 SWD facility & flowlines 1st year stabilized production of 280…
  16. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 16
    HVL High Volume Lift ECONOMICS (HALF CYCLE) FOR HVL POD WTI (USD) 110.00 100.00 90.00 80.00 70.00 Wellhead (CAD) (1,2) 78.13 70.13 62.13 54.13 46.13 Royalty (CAD) (2) (18.55) (16.65) (14.75) (12.85) (10.95) Production, operating &…
  17. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 17
    Heavy Oil Unbooked Contingent Resource Potential Well Type Potential Contingent Total Total Capital Total PV10 Total Total Drilling Resource Resource Production per Capital Per well Unbooked Unbooked Inventory per well or Potential…
  18. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 18
    Edam West Central Saskatchewan EDAM HEAVY OIL AREA Current Production 1,400 bbl/d Targets Waseca, Sparky, GP HVL PODs 9 (4wells/POD) Total Inventory 36 Locations Undeveloped land 5,260 net acres 100% Working WI Interest…
  19. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 19
    Lloydminster - East Central Alberta LLOYDMINSTER HEAVY OIL AREA Current Production 800 bbl/d 100% 100% Working Interest WI Interest Wells Land. Land held under Targets Colony, Sparky, broker may be excluded. GP CHOPS Locations…
  20. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 20
    Manitou Lake West Central Saskatchewan MANITOU LAKE HEAVY OIL AREA 100% 100% Working Interest WI Interest Wells Current Production 700 bbl/d Land. Lands held under broker may be excluded. Targets Colony, McLaren, Sparky, Lloyd…
  21. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 21
    Summary LOOKING FORWARD Budgeted 2013 production average of 2,700 -2,800 boe/d with 24 million capital program 98% oil weighting HVL working well in all producing areas Continued focus on operating netback improvements Budgeted…
  22. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 22
    Appendix Analyst Contact List Company Analyst Main Phone Acumen Capital Trevor Reynolds (403) 571-0300 Casimir Capital Ltd. Jin Yan (403) 879-2770 Desjardins Securities Inc. Tim Murray (877) 532-6601 GMP Securities Aaron Swanson…
  23. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 23
    Appendix Heavy Oil Differential Pallisers heavy oil wellhead sales price is based on West Texas Intermediate (WTI) pricing, less a heavy oil differential and a quality & blending (diluent) adjustment Heavy oil sales price differential…
  24. AUGUST 2013 CORPORATE PRESENTATION – Palliser Oil and Gas Corp. – slide 24
    Corporate Information Suite 600, 255 - 5th Avenue SW Calgary, Alberta T2P 3G6 www.palliserogc.com Kevin J. Gibson Allan B. Carswell, President & Ivan J. Condic, VP Finance & Chief Executive Officer Chief Operating Officer Chief…

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