A VALUE DRIVEN FOCUS INVESTOR UPDATE AUGUST 2014 TSX-V: PNE
CORPORATE PROFILE MARKET CAPITALIZATION NOW 365 MILLION(1) Listing TSX-V: PNE Average Daily Volume(2) 2.0 million 52-Week Trading Range 0.96 to 1.94 Shares Issued(3) 203.6 million Directors and Officers Ownership(4) 17.5% 2014 Production…
A VALUE DRIVEN FOCUS Long-term view of Balance sheet strength sustainable shareholder gives us flexibility for future value creation, therefore our transactions focus is to acquire strong We have completed three assets at accretive…
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…
KEY MILESTONES A TRACK RECORD OF SUCCESSFUL EXECUTION SINCE JANUARY 2012 Jul 17: Announced 408,000,000 Market Cap Share Price 1.97 Closed acquisition of Closed common entering into an Realized its security and agreement to…
INNOVATIVE & ACCRETIVE ACQUISITIONS 100 BOE/D TO 7,000 BOE/D IN TWO SHORT YEARS CARROT CREEK MARCH 2012 950 boe per day of liquid rich gas production with multi-zone drilling inventory and key infrastructure in area 23.5 million cash…
AUGUST 7 ACQUISITION STRATEGIC FIT WITHIN CURRENT CORE AREA OF CARROT CREEK / EDSON Purchase price of 33.25 million, prior to adjustments Closed on August 7, 2014 with an effective date of June 1, 2014 Drilling and recompletion…
HIGHLIGHTS OF ACQUISITION (1) ACCRETIVE ACQUISITION WITH DRILLING UPSIDE Production (May 2014 average) (2) 970 boe/d Natural gas weighting 67% Estimated funds flow from operations (3) 8.8 million (4.55 /mcf AECO) Estimated funds flow…
JULY 17 ACQUISITION ANNOUNCEMENT STRATEGIC FIT WITHIN CURRENT CORE AREA OF SOUTHERN AB AND SK Purchase price of 100 million, prior to adjustments Closing expected on or before November 1, 2014 with an effective date of July 1, 2014 (1)…
HIGHLIGHTS OF ACQUISITION (1) ACCRETIVE ACQUISITION WITH STRONG LEVERAGE TO NATURAL GAS PRICES Production (May 2014 average) (2) 5,300 boe/d Natural gas weighting 100% Operating costs 8.54 per boe Royalty rate 8% of revenue Estimated…
Q2 UPDATE: INCREASED PER SHARE VALUE Mid-point of Sales Volumes (boe/d) 2014 Guidance 7,000 6,443 6,276 6,371 6,600 6,000 5,000 4,335 5,784 10% 4,000 increase in daily 3,000 2,536 production per share(1) 2,000 972 895 832 1,000…
TWO MAJOR OPERATED CORE AREAS Recent /Edson Acquisition Recent Acquisition WHAT WE HAVE BUILT Corporate decline rate on our base production of approximately 15% Combined average Q2-2014 production of 6,371 boe/d, weighted…
SOUTHERN ALBERTA SHALLOW GAS CORE AREA Strong Cash Flow Leverage to Natural Gas Prices Low Cost Production Low Decline Rate Multi-Zone Area Production from Cretaceous Milk River, Medicine Hat and Second White Specks Average…
CARROT CREEK/EDSON MULTI-ZONE CORE AREA Multi-Zone Area Targeting Fernie Sand, Gething/Ellerslie, Lower Mannville, Notikewin, Ostracod, Rock Creek, Viking and Wilrich Average Working Interest 60%; Production is 70% operated…
BUILDING A STRONG PLATFORM ASSEMBLING A PORTFOLIO OF HIGH-QUALITY PROPERTIES FOR LONG-TERM VALUE 2014 continues to look like a strong buyers market Disposition processes have been announced or concluded by Encana, Devon, Talisman,…
2014 PLANS AND GUIDANCE CAPITAL BUDGET IS SIGNIFICANTLY LESS THAN PROJECTED CASH FLOW Capital Budget of 13.6 million 7 gross (1.9 net) wells planned in Carrot Creek and 1 gross (0.15 net) wells planned in Sundance Production is…
HIGHLY LEVERAGED TO NAT GAS PRICING Annual Funds Flow Per Share Pine Cliff is one of the highest leveraged 0.35 Funds flow per share outstanding (annualized) companies to increases in natural gas pricing 0.30 Q2-2014: as a result of…
NATURAL GAS OUTLOOK DEMAND U.S. Gross LNG Exports U.S. Natural Gas Demand Growth in bcf/d Electric Power Sector 5.0 bcf/d 4.7 5.0 4.5 4.1 4.0 4.0 Forecast 3.0 3.5 Forecast 2.2 2.1 2.1 2.0 3.0 1.3 2.5 1.0 2.1 0.0 2.0 -…
NATURAL GAS OUTLOOK SUPPLY Canada Total Winter Storage Withdrawals Canada End of March Storage Levels bcf bcf (End of Withdrawal Season) 700 700 632 600 600 585 494 500 500 440 400 369 400 300 300 200 184 200 185 189 100…
WHY INVEST IN PINE CLIFF Debt free; balance sheet strength allowing flexibility for future Shallow Gas Transaction and the Carrot Creek/Edson Transactions Proven track record of delivering superior long-term results for shareholders…
APPENDIX RESERVE REPORT (1) Summary of Remaining Oil and Gas Reserves as of December 31, 2013 Natural Gas (Non-associated Natural Gas Light and Medium Oil and associated) Liquids Total Oil Equivalent Gross Net Gross Net Gross Net…
APPENDIX ANALYST COVERAGE The following analysts provide research report coverage on Pine Cliff: COMPANY ANALYST AltaCorp Capital Patrick ORourque Canaccord Genuity Anthony Petrucci Clarus Securities Inc. Robert Par FirstEnergy…
CORPORATE INFORMATION BOARD OF DIRECTORS HEAD OFFICE STOCK EXCHANGE LISTING Gary J. Drummond 850, 1015 4th Street SW TSX Venture Exchange George F. Fink Calgary, Alberta T2R 1J4 Trading Symbol: PNE Philip B. Hodge Phone: (403) 269-2289…
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