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September 2015 Investor Presentation – Painted Pony Petroleum Ltd

Painted Pony Petroleum Ltd · Sep 14, 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. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 1
    Investor Update September 14, 2015
  2. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 2
    Corporate Profile A Strong Intermediate Company Average Daily Production (1) 15,931boe/d (95.6 mmcfe/d) TSX Ticker Symbol PPY Shares Outstanding 99.8 Average Daily Trading Volume 355,000 shares/day (180 day) Average Market…
  3. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 3
    Asset Focus Montney Successfully assembled, explored and de-risked a massive resource play in Northeastern British Columbia 2.9 Tcfe (488 Mmboe) Proved Plus Probable Reserves(1) Moving into full development phase supported by…
  4. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 4
    Reserves Growth Impressive and Consistent 2P Reserves per Share 4.91 500 5 Probable Proved 400 4 Reserves Per Basic Share (boe/share) 3.28 Reserves (MMboe) 300 366 3 2.17 1.96 200 2 230 100 1 0.70 123 0.13…
  5. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 5
    Canadian Natural Gas Reserves As at Dec 31, 2014 2014 Cost of Supply 8,000 30% Increase in 2P Undeveloped Reserves per well 5.1x Recycle Ratio FD&A (2P) 7,000 24% 1.48 2013 FDC/mcfe Canadian Natural Gas 2P Resrves (Bcf)…
  6. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 6
    Reserves Significant 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) 68% Increase in 2P Reserves in…
  7. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 7
    Production Growth Impressive and Consistent 45,000 Production per 1mm shares 450 Oil & NGLs Q4 Exit Natural Gas 40,000e 40,000 400 35,000 350 Production 30,000 300 boe/d per Million Shares (boe/d) 25,000 250…
  8. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 8
    Well Performance Top Performing Wells Among Montney Producers Painted Pony Average Peak Month Rate Twice Average Comparable Wells 7 140 Painted Pony (6.2 MMcf/d) 275 6 120 2013-2014 Average Peak Month Rate (MMcf/d) 5 100…
  9. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 9
    Risk Management Prudent Downside Protection AECO Hedges Term Volume (1) (MMCF/d) Price/Mcf (CAD) % of Current Production 2015 Q3-Q4 34.2 3.49 36 2016 Q1 59.8 3.35 61 2016 Q2-Q4 59.8 3.36 61 2017 Q1 59.8 3.39 61 2017 Q2 38.5…
  10. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 10
    The Montney Trend A Leading North American Gas Play Tight dolomitic siltstone reservoir Better reservoir than a shale Map area 300 meters (1,000 ft.) thick 4x Thicker than the Marcellus Continuous gas-saturated zone No…
  11. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 11
    Land Position Premium Assets in the Optimum Area Large contiguous land base with year-round access 217 Net sections (139,049 net acres) 2nd Largest position in northern Montney west of royalty line High working interest Average…
  12. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 12
    2015 Capital Budget 2015 Budget Alaska Highway 104mm Anticipated capital investment Blair 8.0 Net pre-drills for Townsend Plant (2016) West Alliance Blair Pipeline 5 miles 14.0 Total net drills Cypress Daiber 10.0 Total…
  13. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 13
    Technology Improved Well Performance Ball Drop Completion 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% 5 26-L (3) 70% Producing Rate…
  14. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 14
    Technology Parallel-Pair Completion 26-L (1) 5-K (1) Region of West Completion Blair Blair Enhancement 41-F (1) 300-350 m Inter-well 90-100 m Average 11-F (1) Spacing Fracture Stage Spacing 6-F (Triple) 14-F (1) 44-C…
  15. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 15
    Average Production - Blair-Daiber Technology Driven Step-Change Improving Capital Efficiencies 15
  16. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 16
    Average Production - Townsend Technology Driven Step-Change Improving Capital Efficiencies 16
  17. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 17
    Townsend 2015 Development Plan & Economics Development Program Economics 6.7 million (CDN) Drill / Complete / Equip + Tie-in (10%) 7.4 MMcfe/d IP30 production rate 9.5 Bcfe 2P Reserves per well (includes 420 Mbbl of liquids) 60…
  18. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 18
    Blair Daiber 2015 Development Plan & Economics Development Program Economics 6.7 million (CDN) Drill/Complete/Equip + Tie-in (10%) 6.8 MMcfe/d IP30 production rate 11 Bcfe 2P Reserves per well (includes 150 Mbbl of liquids) 15…
  19. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 19
    Development Economics Flat Price Sensitivity 90% Type Curves 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%…
  20. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 20
    3-Year Development Model Cash Flow Growth 450 435 435 435 Cash Flow and CAPEX ( millions) 400 350 300 287 287 287 297 250 252 200 208 150 100 104 124 104 105 104 85 50 76 65 55 0 '15 '16 '17 '15 '16 '17 '15…
  21. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 21
    Initial 3-Year Development Model Processing Infrastructure Drives Growth 73% compound annual production growth, 2015-2017 60,000 360 2017 50,000 2016 1st AltaGas 300 Production (MMcfe/d) and Cumulative Well Count Townsend…
  22. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 22
    AltaGas Strategic Alliance Deal with People You Trust Liquids-Rich Natural Gas Processing Provides for the development of essential liquids-rich gas processing facilities Market-Competitive Product Pricing AltaGas commits to…
  23. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 23
    Facilities Key Infrastructure New Townsend Facility: Alaska Major new shallow-cut facility Highway 198 MMcf/d gross capacity PPY has secured firm capacity for entire plant Expected completion in Q3 2016 Blair Alliance West Blair…
  24. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 24
    Proposed West Coast LNG A Long Call Option for PPY Gas Selected Canadian LNG Projects Export Capacity Shell LNG Canada British Fort Nelson Proposed In-service 2019 3.2 Bcf/d TransCanada Columbia Petronas Proposed PPY Land…
  25. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 25
    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…
  26. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 26
    Appendices & Disclosures 26
  27. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 27
    5-Year Development Model Cash Flow Growth Cash Flow CAPEX 700 647 647 647 600 Cash Flow and CAPEX ( millions) 590 523 523 523 500 495 435 435 435 400 416 400 348 300 287 287 287 297 280 252 200 208 100 104…
  28. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 28
    5-Year Development Model Infrastructure Drives Production Growth Anticipated 57% compound annual production growth between 2015 and 2019 120,000 2nd AltaGas 700 2019 Townsend Plat 2018 2nd AltaGas (48 MMcf/d) 100,000 600 2017…
  29. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 29
    Equity Research 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…
  30. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 30
    AltaGas Strategic Alliance 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 transmission…
  31. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 31
    Proposed West Coast LNG Projects Chevron Approved Pipeline 42 32
  32. September 2015 Investor Presentation – Painted Pony Petroleum Ltd – slide 32
    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 Wells…

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