A LOW COST NATURAL GAS CONSOLIDATOR INVESTOR UPDATE OCTOBER 2015 TSX-V: PNE
CORPORATE PROFILE POSITIONED FOR LOW RISK, PROFITABLE AND SUSTAINABLE NATURAL GAS GROWTH Listing TSX-V: PNE Market Capitalization(1) 255 million Average Daily Volume(2) 0.4 million 52-Week Trading Range 0.86 to 1.90 Shares Issued(3) 236.9…
A PER SHARE VALUE FOCUS Long-term view of Balance sheet strength sustainable shareholder provides flexibility for future value creation, with a focus transactions on acquiring strong natural Have completed four financings gas assets…
A UNIQUE, COUNTER-CYCLICAL STRATEGY TAKING ADVANTAGE OF A LOW PRICE COMMODITY ENVIRONMENT Pine Cliff is one of few buyers with a strong balance sheet and access to capital focused on a low risk, natural gas asset consolidation strategy…
KEY MILESTONES A TRACK RECORD OF SUCCESSFUL EXECUTION SINCE JANUARY 2012 Oct 1: Closed Shallow Gas Closed acquisition of Closed acquisition of 488,000,000 Market Cap Share Price asset acquisition for 100M 2.67 additional Southern AB…
HIGHLY ACCRETIVE ACQUISITIONS 100 BOE/D TO 13,000 BOE/D IN THREE AND A HALF YEARS Transaction Metrics PNE Price at Announcement Announcement Transaction Value Production P+P Reserves Flowing Barrel P+P Reserves P+P Reserves Date…
WHAT WE HAVE BUILT TWO MAJOR OPERATED CORE AREAS Base Production of 76,800 mcfe/d or 12,800 boe/d Weighted 95% towards natural gas Low Decline Rate Corporate decline rate on base production…
PINE CLIFFS FUTURE OPPORTUNITIES CONTINUES TO LOOK LIKE A BUYERS MARKET FOR NATURAL GAS ASSETS Sales processes have been announced by Bellatrix, Conoco, Centrica, Encana, Enerplus, Pengrowth, Pennwest, Quicksilver etc Key filters for…
SUSTAINABILITY A KEY FOCUS STRONG EMPHASIS ON OPTIMIZING PRODUCTION, MINIMIZING OVERHEAD AND DECREASING OPERATING EXPENSES A combination of one of the lowest production declines in the industry, low operating expenses and low overhead…
2015 COST REDUCTIONS COMMITMENT TO FOCUS ON REDUCING COSTS AND INCREASING EFFICIENCIES IN THE FIELD Pine Cliff has realized an 8% decrease in operating expenses per boe since 2012 and a 6% decrease in operating expenses per boe since…
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 (30,000 mcfe/d) and operating expenses averaged 8.54 per boe (1.42 per mcfe). In…
HIGHLY LEVERAGED TO NAT GAS PRICING ONE OF THE HIGHEST FREE FUNDS FLOWS PER SHARE IN THE INDUSTRY Pine Cliff has one of the highest exposures to movements in natural gas pricing as a result of low operating expenses and overhead, low…
Q2 UPDATE: INCREASED PER SHARE VALUE Mid-point of Production (boe/d) 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…
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…
BUILDING A FAMILIAR MODEL A CLEAR VISION FOR LONG-TERM GROWTH WITH PROVEN EXPERIENCE Pine Cliff management has a long-term view of value creation, with a counter-cyclical focus to acquire natural gas assets that are non-core to their…
NATURAL GAS OUTLOOK - DEMAND U.S. Gross LNG Exports U.S. Natural Gas Demand Growth in bcf/d Electric Power Sector bcf/d 8.0 5.0 7.2 7.0 4.0 3.5 Forecast 6.0 Forecast 3.0 2.0 5.0 4.6 1.3 1.3 1.0 1.0 1.0 4.0 (0.0) - 3.0…
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…
RESERVE REPORT (1)(2) Natural Gas (Non- Natural Gas Light and Medium Oil associated and associated) Liquids Total Oil Equivalent Gross Gross Gross Gross Reserve Category: (Mbbl) (MMcf) (Mbbl) (Mboe) Proved Developed Producing…
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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