CURRENT SNAPSHOT CORPORATE PROFILE Listing TSX-V: PNE Shares Issued 200.2 million Market Capitalization 208.2 million(1) Insider Ownership 18.4% Value of Liquid Securities 11 million(2) Current Production 6,550 boe/d(3) Bank Debt Drawn(4)…
A UNIQUE, COUNTER-CYCLICAL STRATEGY BUILDING A FAMILIAR MODEL Pine Cliffs Chairman and largest shareholder, George Fink, served the same roles with both Bonterra Energy and Comaplex Minerals - Five out of six of Pine Cliffs Board of…
A FOCUS ON HIGH RETURN ASSETS ASSEMBLING A PORTFOLIO OF HIGH-QUALITY PROPERTIES FOR LONG-TERM VALUE Acquire material asset positions to create, or add to existing, core area(s), with the focus being existing production with sustainable…
REVITALIZED STRATEGIC FOCUS Market Cap Share Price Closed common share offering for gross proceeds of 20.0 Realized its security and million at 1.10 per share 280,000,000 became the sole 1.40 Phil Hodge appointed President and Closed…
Q2 2013 HIGHLIGHTS PROVIDING INCREASED VALUE TO SHAREHOLDERS (THIRD QUARTER 2013 COMPARED TO THIRD QUARTER 2012) 56% 546% 135% 582% 1,492% Share Price Increase in Increase in Increase in Increase in P+P Appreciation Average Daily…
INNOVATIVE & ACCRETIVE ACQUISITIONS CARROT CREEK MARCH 2012 950 boe per day of liquid rich gas production with multi-zone drilling inventory Included key infrastructure in area 23.5 million cash purchase Acquisition metrics: 21,368…
CURRENT LAND BASE -8-
CARROT CREEK CORE AREA Multi-Zone Area Targeting Viking, Gething/Ellerslie, Wilrich, Notikewin, Ostracod, Lower Mannville, Fernie Sand and Rock Creek Average Working Interest 34%; Production is 90% operated Land 56.25 gross…
SOUTHERN ALBERTA CORE AREA Multi-Zone Area Targeting upper Cretaceous Milk River, Medicine Hat and Second White Specks Average Working Interest 94% Land 725 gross sections; 464,230 gross acres (435,835 net acres) Low Decline…
PINE CLIFF VS. NATURAL GAS Pine Cliff Natural Gas (NYMEX) 80% 70% 60% 50% 40% 30% 20% 10% 0% -10% -20% January 2013 March 2013 May 2013 July 2013 September 2013 November 2013 Source: TSX…
HIGHLY LEVERAGED TO NAT GAS PRICING ANNUAL FUNDS FLOW PER SHARE (1)(2) Funds flow per share outstanding (annualized) 0.16 0.14 Q3-2013: Gas price of 2.45/mcf and 0.12 funds flow of 3.0 million (12 million annualized) 0.10 0.08…
NATURAL GAS OUTLOOK U.S. Dry Natural Gas Consumption by Sector U.S. Natural Gas Demand Growth in (2005-2040) (trillion cubic feet) Electric Power Sector bcf/d 5.0 4.3 4.0 Forecast 3.0 2.1 1.9 2.0 2.0 1.3 0.9 1.0 0.5 - -1.0…
NATURAL GAS OUTLOOK Year over Year Natural Gas Demand Growth 4.0 14 12 Cum Nat Gas Demand Growth (bcf/d) 3.0 YoY Nat Gas Demand Growth (bcf/d) 10 8 2.0 6 4 1.0 2 0.0 0 2011 2012 2013E 2014E 2015E 2016E 2017E…
MARKET ENVIRONMENT Potential acquisitions available of both corporate entities and assets as a result of debt pressures and motivated sellers. There are a limited number of potential buyers with access to capital Recovery of natural…
NEXT STEPS Maintain balance sheet strength and flexibility for future transactions Actively analyze and participate in private and public sales processes. Our recent transactions have given the company critical mass and we will…
CORPORATE INFORMATION BOARD OF DIRECTORS HEAD OFFICE SOLICITORS Gary J. Drummond 850, 1015 4th Street SW Borden Ladner Gervais LLP George F. Fink Calgary, Alberta T2R 1J4 Calgary, Alberta Philip B. Hodge Phone: (403) 269-2289 Randy M.…
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