A VALUE DRIVEN FOCUS INVESTOR UPDATE JUNE 2015 TSX-V: PNE
CORPORATE PROFILE MARKET CAPITALIZATION NOW 345 MILLION(1) Listing TSX-V: PNE Average Daily Volume(2) 0.6 million 52-Week Trading Range 1.23 to 2.13 Shares Issued(3) 234.7 million Directors and Officers Ownership(4) 16.3% Q1-2015…
A VALUE DRIVEN FOCUS Long-term view of Balance sheet strength sustainable shareholder gives us flexibility for future value creation, with a focus to transactions acquire strong assets at Have completed four accretive valuations…
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 Four out of five of Pine Cliffs board of…
KEY MILESTONES A TRACK RECORD OF SUCCESSFUL EXECUTION SINCE JANUARY 2012 Oct 1: Closed Shallow Gas 488,000,000 Market Cap Share Price Closed acquisition of 2.67 Closed acquisition of Asset acquisition for 100M Realized its security…
INNOVATIVE & ACCRETIVE ACQUISITIONS 100 BOE/D TO 13,000 BOE/D IN THREE YEARS Transaction Metrics PNE Price at Transaction Announcement Transaction Production P+P Flowing P+P Announcement Date Date (MM) (boe/d) (mmboe) (/boe/d) (/boe)…
CORE AREA ASSET ACQUISITION STRATEGIC FIT WITHIN CURRENT CORE AREAS OF CARROT CREEK / EDSON AND SOUTHERN ALBERTA Purchase price of 14.1million, prior to adjustments Closed on May 29, 2015 with an effective date of February 1, 2015…
HIGHLIGHTS OF ACQUISITION(1) ACCRETIVE ACQUISITION WITH DRILLING UPSIDE Production (January 2015 average) 1,030 boe/d Natural gas weighting 87% Decline rate 11% Land 131,533 gross acres (47,303 net acres) Proved reserves(2) 3.6 MMboe…
TWO MAJOR OPERATED CORE AREAS Recent Acquisition Recent Acquisition WHAT WE HAVE BUILT Corporate decline rate on our base production…
SOUTHERN ASSETS 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, Tilley Medicine Hat and Second White Specks…
CARROT CREEK/EDSON MULTI-ZONE CORE AREA Multi-Zone Area Acquired 45 net Targeting Fernie Sand, Gething/Ellerslie, Lower sections on May 29, 2015 Mannville, Notikewin, Ostracod, Rock Creek, Viking and Wilrich Average Working…
BUILDING A STRONG PLATFORM TAKING ADVANTAGE OF A LOW PRICE ENVIRONMENT Focus remains to continue to add high-quality properties to deliver long-term value Continues to look like a buyers market for natural gas assets Depressed oil…
SUSTAINABILITY A KEY FOCUS STRONG EMPHASIS ON OPTIMIZING PRODUCTION, MINIMIZING OVERHEAD AND DECREASING OPERATING EXPENSES A combination of one of the lowest declines in the industry, low operating expenses and low overhead allow Pine…
HIGHLY LEVERAGED TO NAT GAS PRICING SUSTAINABLE COST STRUCTURE IS A KEY TO PINE CLIFFS BALANCE SHEET STRENGTH Pine Cliff is one of the highest leveraged companies to increases in natural gas pricing as a result of low operating expenses…
A CONTRADICTORY RELATIONSHIP PINE CLIFFS SHARE PRICE HAS HISTORICALLY INCREASED IN PERIODS OF DEPRESSED NATURAL GAS PRICING DUE TO ACQUISITIONS Southern AB/SK PNE Nymex Acquisition Southern AB/SK Acquisition and and Carrot Creek…
2015 PLANS AND GUIDANCE CAPITAL BUDGET IS SUBSTANTIALLY LOWER THAN PROJECTED FUNDS FLOW Capital budget of 10.0 million which may be modified depending on commodity prices and wells proposed on non-operated lands Production volumes of…
WHY INVEST IN PINE CLIFF Balance sheet strength allowing flexibility for future transactions Proven track record of delivering superior long-term results for shareholders High-quality assets with low operating costs and one of the…
APPENDIX Note: Pine Cliff Energy Ltd. was recognized on Alberta Venture magazines 2015 Fast Growth 50 List. Pine Cliff was recognized in June 2015 as one of The 200 companies by Alberta Oil magazine. Pine Cliff Energy Ltd. was…
NATURAL GAS OUTLOOK - DEMAND U.S. Gross LNG Exports U.S. Natural Gas Demand Growth in Electric bcf/d Power Sector bcf/d 8.0 5.0 7.2 Forecast 7.0 4.0 3.4 3.0 6.0 Forecast 2.0 1.5 5.0 4.6 1.3 0.8 0.9 1.0 4.0 - 3.0 (0.1) 2.2…
NATURAL GAS OUTLOOK - SUPPLY U.S. Working Natural Gas in Storage Daily Canada Storage Levels bcf bcf Deviation from average Storage level 5,000 120% 4,000 100% 3,000 80% 2,000 60% 1,000 Forecast 40% 0 20% -1,000 0%…
Q1 UPDATE: INCREASED PER SHARE VALUE Mid-point of 2015 Guidance Sales Volumes (boe/d) 12,095 12,050 12,021 13,000 11,000 64% 6,810 9,000 6,443 6,371 6,276 5,784 7,000 increase in daily 4,335 5,000…
RESERVE REPORT (1)(2) Summary of Remaining Oil and Gas Reserves as of December 31, 2014 Natural Gas (Non-associated Natural Gas Light and Medium Oil and associated) Liquids Total Oil Equivalent Gross Gross Gross Gross Reserve…
ANALYST COVERAGE The following analysts provide research report coverage on Pine Cliff: COMPANY ANALYST AltaCorp Capital Patrick ORourke Canaccord Genuity Anthony Petrucci Clarus Securities Inc. Robert Par Desjardins Capital Markets…
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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