A VALUE DRIVEN, NATURAL GAS FOCUS INVESTOR UPDATE SEPTEMBER 2015 TSX-V: PNE
CORPORATE PROFILE MARKET CAPITALIZATION NOW 270 MILLION(1) Listing TSX-V: PNE Average Daily Volume(2) 0.6 million 52-Week Trading Range 0.86 to 2.04 Shares Issued(3) 236.9 million Directors and Officers Ownership(4) 16.2% Q2-2015…
A VALUE DRIVEN FOCUS Long-term view of Balance sheet strength gives sustainable shareholder us flexibility for future value creation, with a focus to transactions acquire strong natural gas Have completed four financings assets at…
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 Closed acquisition of 2.67 Asset acquisition for 100M additional Southern AB…
BUILDING A STRONG PLATFORM TAKING ADVANTAGE OF A LOW PRICE ENVIRONMENT Continues to look like a buyers market for natural gas assets Depressed oil prices have reduced cash flows which is stimulating non-core asset sales to fund debt…
INNOVATIVE & ACCRETIVE ACQUISITIONS 100 BOE/D TO 13,000 BOE/D IN THREE AND A HALF YEARS Transaction Metrics PNE Price at Announcement Transaction Production P+P Flowing P+P Announcement Date Transaction Date (MM) (boe/d) (mmboe)…
OCT. 2014 SHALLOW GAS ACQ. UPDATE ARRESTING DECLINE AND REDUCING OPERATING COSTS At the time of the acquisition, production on the assets was 5,000 boe/d and operating expenses averaged 8.54 per boe. In less than one year since…
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 100% Natural Gas Production Low Decline Rate Multi-Zone Area Production from Cretaceous Milk River, Tilley Medicine Hat and Second…
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…
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 has one of the highest exposures to movements in natural gas pricing as a result of low operating expenses and…
Q2 UPDATE: INCREASED PER SHARE VALUE Mid-point of 2015 Guidance 12,095 12,021 11,814 12,050 14,000 12,000 60% 10,000 6,810 6,443 6,371 6,276 5,784 8,000 6,000 4,335 increase in daily production per…
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 High-quality assets with low operating costs and one of the lowest decline rates in the industry Highly leveraged to increases in natural gas prices with sustainable cost structure Balance sheet strength…
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 3.5 3.0 6.0 Forecast 2.0 5.0 4.6 1.3 1.2 0.7 0.8 1.0 4.0 (0.0) - 3.0 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 40% Forecast 0 20% -1,000 0% -2,000 -20%…
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 CIBC World Markets Dave Popowich Clarus Securities Inc.…
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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