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JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd

Painted Pony Petroleum Ltd · Jul 6, 2015 · 29 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. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 1
    Corporate Presentation July 6, 2015 1
  2. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 2
    Growing a Premier Natural Gas Asset Focus on Montney Natural Gas in Northeast British Columbia: Successfully assembled, explored and de-risked a massive resource play 2.9 Tcfe (488 Mmboe) Proved Plus Probable Reserves(1) Moving…
  3. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 3
    Corporate Snapshot Financial TSX: PPY PPY is included in the TSX Composite Index 99.7 million Shares Outstanding(1) 107.5 million Fully Diluted Shares Outstanding (9.19 average strike price)(1) 5.68 - 14.75 52-Week Trading…
  4. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 4
    Corporate Snapshot Production, Reserves & Net Asset Value 94-G-2 94-G-1 94-H-4 94-G-2 94-H-4 16,243 boe/d Q1 2015 Average Production (93% natural gas) 67% increase over Q1 2015 Average Production of 9,734 boe/d I L K J I…
  5. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 5
    Impressive & Consistent Reserves Growth (R) 4.91 500 5 600 Probable 6 488 Proved MMboe 400 2P Reserves Per Share 4 Reserves Per Basic Share (boe/share) 500 5 164% compound annual growth in Reserves Per Basic Share…
  6. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 6
    Dec. 31, 2014 Canadian Natural Gas Reserves Cost of Supply 8,000 30% Increase in 2P Undeveloped 7,000 Reserves per well in 2014 Canadian Natural Gas 2P Resrves (Bcf) 6,000 5.1 times 2014 Proved + Probable Recycle Ratio…
  7. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 7
    Impressive & Consistent Production Growth(P) 40,000 boe/d Exit (5-Year 25,000 25,000 Model) 250 250 Gas Oil & NGL Production per Million Shares 23,000 boe/d 20,000 20,000 (5-Year 200 200 145% compound annual growth in…
  8. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 8
    Top Wells Among All Montney Operators 7 140 276 Painted Pony (6.2 MMcf/d) 6 120 2013-2014 Average Peak Month Rate (MMcf/d) Painted Pony Average Peak Month Rate 2 Times Average 5 100 4 80 Well Count Average 3.1…
  9. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 9
    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…
  10. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 10
    Painted Ponys Montney Position Premium Assets Located in the Optimum Area Key Attributes Large contiguous land base with year-round access 217 Net sections (139,049 net acres) 2nd Largest position in northern Montney west of…
  11. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 11
    Substantially De-Risked Moving into Development Phase 2015 Budget Alaska Highway 104 Estimated expenditures (millions) Blair 8.0 Gross and net wells - pre drills for Townsend Plant in 2016 West Alliance Blair Pipeline 14.0…
  12. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 12
    Improved Performance Through Technology Open-Hole Ball-Drop Completions PPY-operated Ball-Drop Completions Ball-Drop vs. Perf. & Plug Completions a-A091-F (Ball-Drop) 7 100% a- 091-F ( Perf. & Plug) 90% 6 % Improvement 80% 26-L…
  13. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 13
    Improved Performance Through Technology Parallel-Pair Drilling 26-L (1) Region of Completion West 5-K (1) Enhancement Blair Blair 41-F (1) 300-350 m Inter-well Spacing 90-100 m Average 11-F (1) Fracture Stage Spacing 6-F…
  14. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 14
    PPY Average Montney Well Production - Blair-Daiber Technology Drives Step-Change Improving Capital Efficiencies 14
  15. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 15
    PPY Average Montney Well Production - Townsend Technology Drives Step-Change First ParallelPair Completion in June 2015 Improving Capital Efficiencies 15
  16. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 16
    Townsend Development Plan 2015 Program Development Program Economics 6.7 million (CDN) Drill, complete, and equip (2015 10%) 7.4 MMcfe/d I.P. 30 production rate 9.5 Bcfe P+P reserves per well (includes 420 Mbbl of liquids) 60…
  17. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 17
    Blair-Daiber Development Plan 2015 Program Development Program Economics 6.7 million (CDN) Drill, complete, and equip (2015 10%) 6.8 MMcfe/d I.P. 30 production rate 11 Bcfe P+P reserves per well (includes 150 Mbbl of liquids) 15…
  18. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 18
    Montney Development Economics Flat Price Sensitivities 90% Townsend (9.5 Bcfe) Blair (11 Bcfe) Blair (15.5 Bcfe) 85% 80% 70% 60% 60% Rate of Return 50% 48% 48% 40% 40% 34% 30% 32% 20% 23% 21% 18% 10%…
  19. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 19
    First 3-Years Montney Development Model Processing Infrastructure Build-out Drives Growth 60,000 73% compound annual 360 2017 production growth (2015-2017) 50,000 2016 1st AltaGas Townsend 300 Production (MMcfe/d) and…
  20. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 20
    First 3-Years Montney Development Model Cash Flow Growth 450 Cash Flow and CAPEX ( millions) 435 435 435 Cash Flow 400 CAPEX 350 300 287 287 287 297 250 252 200 208 150 124 100 104 104 105 104 85 76 50 65…
  21. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 21
    Deal with People You Trust Strategic Alliance with AltaGas - Marketing Opportunities AltaGas becomes PPYs Primary Natural Gas and NGL Marketer Liquids-Rich Natural Gas Processing Provides for the development of essential…
  22. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 22
    Painted Pony AltaGas Strategic Alliance Key Facilities Townsend Liquids-Rich Gas Processing Alaska Highway New Townsend Facility: Major new shallow-cut facility 198 MMcf/d gross capacity West Blair Alliance Pipeline PPY has…
  23. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 23
    Proposed West Coast LNG Projects A Long Call Option for PPY Gas Selected Export Canadian LNG Projects Capacity British Fort Nelson Proposed Shell LNG Canada TransCanada Columbia Petronas In-service 2019 3.2 Bcf/d Proposed PPY…
  24. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 24
    The Best Pony in the Race Premier Montney Asset Base Large, contiguous land position with year-round access, located 100% in B.C. Geological, infrastructure and royalty sweet spot High-rate, liquids-rich, sweet natural gas wells…
  25. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 25
    5-Year Montney Development Model Processing Infrastructure Build-out Drives Growth 120,000 700 2019 2nd AltaGas Townsend Plant (48 MMcf/d) 2018 57% compound annual 100,000 production growth (2015-2019) 600 2017 Production…
  26. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 26
    5-Year Montney Development Model Cash Flow Growth 700 Cash Flow 647 647 647 CAPEX 600 Cash Flow and CAPEX ( millions) 590 Free Cash Flow 523 523 523 500 495 435 435 435 400 416 400 348 300 287 287 287 297 280…
  27. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 27
    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)…
  28. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 28
    Strategic Alliance with AltaGas AltaGas Corporate Profile Calgary-headquartered, Canadian natural gas mid-streamer Currently processing more than 2 Bcf/d natural gas and 70,000 bbls/d NGL Owns over 1,100 km of gas and NGL…
  29. JULY 2015 INVESTOR PRESENTATION – Painted Pony Petroleum Ltd – slide 29
    Canadas Proposed West Coast LNG Projects Chevron Approved Pipeline 42 31

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