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August 2015 Investor Presentation – Painted Pony Petroleum Ltd

Painted Pony Petroleum Ltd · Aug 13, 2015 · 32 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. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 1
    Corporate Presentation August 13, 2015 1
  2. August 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. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 3
    Corporate Snapshot Financial TSX: PPY PPY is included in the TSX Composite Index 99.8 million Shares Outstanding(1) 107.2 million Fully Diluted Shares Outstanding (9.24 average strike price)(1) 5.68 - 14.75 52-Week Trading…
  4. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 4
    Corporate Snapshot Production, Reserves & Net Asset Value 15,931 boe/d H1 2015 Average Production (94% natural gas) 29% increase over H1 2015 Average Production of 12,396 boe/d 2.9 Tcfe Proved + Probable Reserves Dec. 31, 2014(1)…
  5. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 5
    Impressive & Consistent Reserves Growth (R) 4.91 500 5 Probable 488 Proved MMboe 400 2P Reserves Per Share 4 Reserves Per Basic Share (boe/share) 164% compound annual growth in 3.28 reserves from 2007 to 2013 Reserves…
  6. August 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. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 7
    Impressive & Consistent Production Growth(P) 40,000 boe/d Exit (5-Year 25,000 Gas Model) 250 Oil & NGL Production per Million Shares 23,000 boe/d 20,000 (5-Year 200 145% compound annual growth in Model) production from 2007…
  8. August 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. August 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. August 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. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 11
    Budget & Risk Management Well hedged into 2016-2017 2015 Budget Alaska Highway 104 Estimated expenditures (millions) Blair 8.0 Gross and net wells - pre drills for Townsend Plant in 2016 West Alliance Pipeline Blair 14.0 Total…
  12. August 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. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 13
    Improved Performance Through Technology Parallel-Pair Completion 26-L (1) Region of Completion West 5-K (1) Enhancement Blair Blair 300-350 m 41-F (1) Inter-well Spacing 90-100 m Average 11-F (1) Fracture Stage Spacing 6-F…
  14. August 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. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 15
    PPY Average Montney Well Production - Townsend Technology Drives Step-Change Improving Capital Efficiencies 15
  16. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 16
    Townsend Development Plan Economics & 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…
  17. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 17
    Blair-Daiber Development Plan Economics & 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…
  18. August 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. August 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. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 20
    First 3-Years Montney Development Model Cash Flow Growth 450 435 435 435 Cash Flow and CAPEX ( millions) Cash Flow 400 CAPEX 350 300 287 287 287 297 250 252 200 208 150 100 104 124 104 105 104 85 50 76 65…
  21. August 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. August 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. August 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. August 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. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 25
    Appendices & Disclosures 25
  26. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 26
    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…
  27. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 27
    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…
  28. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 28
    Analyst Coverage Institution Analyst AltaCorp Capital Patrick ORourke Canaccord Genuity Corp. Anthony Petrucci CIBC World Markets Adam Gill Cormark Securities Inc. Garett Ursu Credit Suisse Securities David Phung Desjardins…
  29. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 29
    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)…
  30. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 30
    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…
  31. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 31
    Canadas Proposed West Coast LNG Projects Chevron Approved Pipeline 42 31
  32. August 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 32
    PPY Corporate Overview Auditor KPMG LLP Evaluation Engineers GLJ Petroleum Consultants Ltd. Banks The Toronto-Dominion Bank The Bank of Nova Scotia Alberta Treasury Branches Canadian Imperial Bank of Commerce HSBC Bank Canada…

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