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CORPORATE PRESENTATION – Painted Pony Petroleum Ltd

Painted Pony Petroleum Ltd · Aug 13, 2014 · 26 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. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 1
    Corporate Presentation AUGUST 13, 2014 TSX : PPY paintedpony.ca 1
  2. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 2
    Growing a Premier Natural Gas Asset Focus on Montney Natural Gas in Northeast British Columbia: Successfully explored and de-risked a massive resource play. More than 45 Tcfe of gas-in-place on PPY lands. Moving into full…
  3. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 3
    Corporate Snapshot Financial TSX: PPY PPY is included in the TSX Composite Index 89.3 million Shares Outstanding (1) 96.3 million Fully Diluted Shares Outstanding (8.90 average strike price)(1) 6.05 - 14.36 52-Week Trading Range…
  4. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 4
    Corporate Snapshot Production, Reserves & Net Asset Value 9,734 boe/d Q1 2014 Average Production (87% natural gas) 15,029 boe/d Q2 2014 Average Production (85% natural gas) 54% Increase over Q1-2014 1.7 Tcfe Proved + Probable…
  5. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 5
    Impressive & Consistent Reserves Growth 350 3.28 3.50 Probable Reserves Proved Reserves 300 P+P Reserves Per Share 3.00 Reserves Per Share (boe/Share) 290.3 2.17 mmboe 250 2.50 145% compound annual growth in Reserves…
  6. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 6
    Impressive & Consistent Production Growth 15,000 Gas 175 15,029 boed Oil & Liquids in Q2-2014 Production Per Million Shares 12,000 140 boe per day / Million Shares 13,500 131% compound annual growth in Production (boe per…
  7. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 7
    The Montney Trend in Western Canada A Leading North American Gas Play Key Attributes Tight dolomitic siltstone reservoir Better reservoir than a shale 300 meters (1,000 ft.) thick 4x Thicker than the Marcellus Continuous…
  8. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 8
    Painted Ponys Montney Position Premium Assets Located in the Optimum Area Key Attributes Large contiguous land base 203 Net sections (129,800 net acres) 2nd Largest position in northern Montney west of royalty line High working…
  9. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 9
    Substantially De-Risked Moving into Development Phase 2014 Budget 206 MM Budget Blair 2 Rigs currently active 10 Gross wells drilled to August 12 22 Gross wells planned to drill 18 Well completions 2015 Plan 317 MM…
  10. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 10
    Improved Performance Through Technology Open-Hole Ball-Drop Completions PPY-operated Ball-Drop Completions Blair 91-F (1) Blair 41-F (2) Blair 11-F (2) Blair 14-F (1) Daiber 44-C (2) a-A91-F/94-B-16 Ball-Drop…
  11. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 11
    Improved Performance Through Technology Parallel-Pair Drilling Parallel well pair (3) 26-L pad Q3 2014 Parallel well pair (7) Parallel well pair (1) 79-E pad Q4 2014 Combined test rates 41-F pad 20.8 MMcf/d Region of Completion…
  12. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 12
    Montney Production Type Curves Technology Drives Step-Change 12
  13. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 13
    Townsend Development Plan 2014 & 2015 Program Program Economics 7.2 million Drill, complete, and equip 5.2 MMcf/d I.P.30 production rate 7.0 Bcf P+P reserves per well 60 bbls/MMcf Liquids recovery (C3+) 13.9 million NPV 10% per…
  14. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 14
    Montney Development Economics Townsend Flat Price Sensitivities 150 P+P reserves per well = 7 Bcf Liquids yield = 60 bbls/MM IP30 = 5.2 MMcf/d D,C,E&T cost = 7.2 MM 5.00 Flat Nymex 130 4.50 Flat Nymex IRR % 110 4.00 Flat…
  15. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 15
    Blair-Daiber Development Plan 2014 & 2015 Program Program Economics 7.2 million Drill, complete, and equip 7.0 MMcf/d I.P.30 production rate 10 Bcf P+P reserves per well 14 bbls/MMcf Liquids recovery (C3+) 10.4 million NPV 10%…
  16. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 16
    Montney Development Economics Blair-Daiber Flat Price Sensitivities P+P reserves per well = 10 Bcf 120 Liquids yield = 14 bbls/MM 110 IP30 = 7.0 MMcf/d D,C,E&T cost = 7.2 MM 5.00 Flat Nymex 100 90 4.50 Flat Nymex 80 4.00…
  17. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 17
    5-Year Montney Development Model Processing Infrastructure Build-out Drives Growth Production MMcfe/d & Gross Wells 69% compound annual 100,000 boed Projected 700 production growth 2014-2018 in Q1-2018 Second Major Liquids…
  18. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 18
    5-Year Montney Development Model Cash flow Growth Model Base Case millions 900 Year Capex Cashflow YE Debt D/CF 2014 206 101 51 0.5 Cashflow & Net Debt ( millions) 2015 317 175 183 1.1 700 2016 499 430 246 0.6 2017 696 705…
  19. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 19
    Proposed West Coast LNG Projects A Long Call Option for PPY Gas Selected Export Canadian LNG Projects Capacity Shell LNG Canada Proposed British Fort Nelson In-service 2019 3.2 Bcf/d TransCanada Columbia Petronas Petronas…
  20. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 20
    Painted Pony Petroleum The Best Pony in the Race Premier Montney Asset Base Large, contiguous land position, located 100% in B.C. High working interest with operatorship High-rate, liquids-rich, sweet natural gas wells…
  21. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 21
    Appendices & Disclosures 21
  22. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 22
    Analyst Coverage Analyst Institution Target Price Date Jeremy McCrea AltaCorp Capital 20.00 Aug. 13, 2014 Anthony Petrucci Canaccord Genuity Corp. 20.00 Aug. 13, 2014 Adam Gill CIBC World Markets 14.50 Jul. 9, 2014 Garett Ursu…
  23. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 23
    Montney - The Canadian Marcellus Similar Play Area - But 4x Thicker with Better Initial Declines Montney Fairway Proposed West Coast The Marcellus: A true shale reservoir. LNG Export Sites Western Canada 70 meters (up to 225 ft)…
  24. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 24
    Buckinghorse Shale Sweet Gas Resource Play Above the Montney 60 bcf/section per 100 m thickness* 800 m thick on PPY landsR Vertical well development at 16-32 800 m wells/section Zone is shallow, 400 m (1,300 ft) TVD low cost…
  25. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 25
    Canadas Proposed West Coast LNG Projects 25
  26. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 26
    PPY Corporate Overview Legal Burstall Winger Zammit LLP Auditor KPMG LLP Evaluation Engineers GLJ Petroleum Consultants Ltd. Banks National Bank of Canada Alberta Treasury Branch Canadian Imperial Bank of Commerce The Bank of…

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