CORPORATE PRESENTATION August 2015 www.parallelenergy.ca TSX: PLT.UN www.parallelenergy.ca TSX: PLT.UN
CORPORATE OVERVIEW Strategic Alternatives Process (announced on April 15, 2015) Parallel is undertaking a process to explore a range of strategic alternatives to reduce indebtedness and maximize unitholder value Corporate…
LOCATION OF ASSETS Texas Assets Greater Panhandle / Hugoton Field Parallels Assets and Operating Areas Oklahoma Assets Location Estimated % of Total Production Texas Carson 63% Texas Sneed 30% Texas Cargray 3% Texas SE…
INFRASTRUCTURE Parallels operating areas have extensive oil and gas infrastructure in place Primary and back-up processing agreements in place at both Carson and Sneed Pipeline, compressors, condensate drip tanks and cooling…
OPERATOR OF ASSETS Parallels Operating Position Texas Assets 100% Operated Oklahoma Assets Non-Operated Parallels U.S. based operating team is led by Tony Swindell, Parallels COO U.S. Operating Team Operating Office Tulsa,…
OPERATING SUMMARY Operating Area Production Type Acreage Wells (net acres) (gross count) Condensate & NGLs Carson Natural Gas 94,000 180 Condensate & NGLs 100% Operated Sneed Natural Gas 47,000 200 Texas Condensate &…
RESERVE SUMMARY 2014 Reserves 2013 Reserves Total Oil Equivalent Total Oil Equivalent (mboe) (%) (mboe) (%) Proved Developed Producing 32,306 67 32,985 67 Proved Undeveloped 8,366 18 9,521 19 Total Proved 40,672 85 42,506 86…
CAPITAL PLANS www.parallelenergy.ca TSX: PLT.UN www.parallelenergy.ca TSX: PLT.UN 9
2015 CAPITAL PLANS SUMMARY Current 2015 Capital Budget US3.7 million 2015 Well Cleanout Program US2.1 million Perform up to 100 well cleanouts to Parallels existing wells Complete 20 to 25 well cleanouts per quarter The average…
WELL CLEANOUT PROGRAM Stimulating Well Production & Managing Parallels Production Decline Rate Cleanouts Performed Per Approximately 25 Quarter Over time Parallels wells can accumulate fines and dirt which slow production rates.…
PRODUCTION HISTORY 2015 annual average daily production guidance of 6,800 boe/day Assumes that no drilling is completed in 2015 Average Annual Production (boe/d) Boe/day per 129 90 120 134 120 122 Million Units…
PRODUCTION MIX & REVENUE Production Mix Condensate and NGLs account for approximately two- thirds of the total production mix Revenue Split Condensate and NGLs account for the majority of Parallels total revenue…
PRODUCTION MIX NGL SPLIT Parallels Estimated NGL Production Split & the Weighted Average Price at Conway in Q2-2015 Weighted Average Price Industry Parallels Estimated Average in Q2-2015 NGL Production Split (US/boe at Conway)…
MARKET DATA (As at August 10, 2015) Ticker Symbols TSX: PLT.UN (units) TSX: PLT.DB (convertible debentures) Units Outstanding 55.8 million 52 Week Range 0.08 4.10 Closing Price (August 10, 2015) 0.105 Enterprise Value C266 million…
MANAGEMENT & DIRECTORS Management Rick Alexander Tony Swindell President and CEO Chief Operating Officer Rick Miller Chief Financial Officer Directors Chris Burley (Chairman of Parallel Energy Trust) F.H. Mim James Director of…
CORPORATE STRUCTURE Unitholders Investment in Units Distributions Tax efficient Mutual Fund Parallel Principal and Investment in CT Notes Energy Trust Interest on CT Administrator Shareholders Trust structure and CT Units…
Parallel Energy Trust Corporate Office Investor & Media Contact 517 10th Avenue SW, Suite 840 Calgary, Alberta T2R 0A8 Curtis Pelletier Manager, Investor Relations Parallel Energy LP Tulsa Office Investor Line: (403) 781-7888 1323, East…
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