Why do we do what we do PPY embraces new ideas and technologies. It is in our DNA, it is part Innovation of who we are Win / Win Approaching all dealings with partners, shareholders, suppliers, and Relationships stakeholders…
Corporate Profile TSX Ticker Symbol PPY Average Daily Production (1) 99 MMcfe/day Daily Trading Volume 1.3 million shares per day (30 day average ) (16,500 boe/d) Shares 100million Debt (3) 68.3million Outstanding (2)…
Asset Focus Montney Asset 100% BC Focused Montney Montney is one of the most prolific and economic natural gas and liquids plays 4.6 Tcfe (768 MMboe) Proved Plus Probable Reserves(1) (4.2 Tcf Natural Gas; 76 MMbbl liquids)…
Prudent Risk Management Financial Hedges Together, financial hedges and physical contracts protect funds flow and mitigate pricing volatility thereby reducing the impact of regional pricing disparities 350 AECO Fixed Price Hedges…
The Montney Trend Location, Location, Location PPYs Montney Sweet Spot is: a dolomitic siltstone with higher quality reservoir than a shale 4x thicker than the Marcellus at greater than 300m (984 ft) 300 meters (approximately…
2015 Reserves Deep, Long-Term, Underlying Value 2P Reserves December 31, 2015 (1) 4.6 Tcfe 7.5 2015 2P times Recycle Ratio (F&D) Increase in 2P Reserves 57% per share December 31, 2015 (1) 1.5 times 2015 1P Recycle Ratio (F&D)…
Canadian Natural Gas 2P Reserves As at Dec 31, 2015 49% Reduction 2015 Cost of Supply in FDC/Mcfe 33% Increase in 2P Undeveloped Reserves per well (13-15) 7.5x Recycle Ratio (1.23 Netback / 0.16 F&D) 10 1.48 2013 FDC/Mcfe (1)…
Reserves Growth Impressive and Consistent Assuming Enterprise Value 5.18/sh (4.50/sh equity + 0.68/sh net debt) 5.18/sh 0.67 / boe 900 = or 9 Proved Reserves 7.7 boe/sh Probable Reserves (46.1 Mcfe/sh) 0.11 / Mcfe 7.7 800 (46.1…
Reserves Growth Per Share Growth Comparison 9 80% 69% 2015 BOE per 1,000 Shares 2014 BOE per 1,000 Shares 8 2P Reserves per Share Growth (2015 over 2014) 60% 7.7 7 2P Reserves per Share Growth 40% 6 22% 18% BOE per…
Reserves Growth / Cost Reduction Bigger and Cheaper PPYs reserves per share Finding & Reserve continues to increase while cost of supply per Mcfe continues to Development Growth decline Costs 900 9 3.00 Proved Reserves 2013 2.77…
Land Position Premium Assets in the Optimum Location PPY Lands Petronas Lands Shell Canada Lands All PPY Land Royalty Line Large contiguous land base with year-round access Major Gas Pipelines West of Alaska Highway Royalty Line…
Royalty Advantage Best Royalty Structure in North America Painted Pony is 100% in B.C. and 100% west of the Deep Royalty Line Inclusive of the B.C. Deep Well Royalty Credit, B.C. has the best royalty structure in North America PPY…
Sales Egress Optionality Firm Transportation Supports Increasing Production Volumes Firm capacity on Spectras T-North pipeline of 266 MMcf/d in November 2016 Under terms of expanded firm capacity agreement, PPY volumes can be sold…
Facilities Key Infrastructure New AltaGas Townsend Facility: PPY Major new shallow-cut facility Operated Alaska Highway West Blair (25 MMcf/d) 198 MMcf/d gross capacity PPY Blair Operated PPY has secured firm capacity for…
AltaGas Townsend Facility Construction Ahead of Schedule, Under Budget Expect mid-year 2016 completion (approximately 85% complete as at April 2, 2016) PPY budget assumes September commissioning AltaGas Townsend Facility: April 2,…
AltaGas Strategic Alliance Deal with People You Trust in a Win / Win Alliance Liquids-Rich Natural Gas Processing Provides for the development of essential liquids-rich gas processing facilities Existing AltaGas PNG Mainline 10…
Production Growth Impressive and Consistent 50,000 Annual Average Daily Production per 1 Million Weighted-Average Shares 500 475 Oil & NGLs Natural Gas 45,000 Q4 2016 Exit Production 450 40,000 400 Annual Average Boe per Day…
Well Performance Top Performing Wells Among Montney Producers Painted Pony Average Peak Month Rate Twice Average Comparable Wells 275 7 140 Painted Pony PPY Wells (6.2 MMcf/d) Average Double 6 the Rates of All 120 2013-2014…
Capital Expenditures 2016 2016 Forecast Alaska Hi-way 179 million* Anticipated capital investment Blair Blair/Townsend West Interconnect 25.0 Total net drills Pipeline Blair 30.0 Total net completions * Based on DC&E costs of…
3-Year Development Model Improved Well Performance Drives Down Well Count 60,000 Improved well performance has 350 reduced the number of wells 1st AltaGas Townsend necessary to meet production Facility targets from 105 net wells to…
Cost-Conscious Culture Driving Cash Costs Lower General & Administrative Costs per Boe 3.00 Focus on one large G&A Cost ( / boe) 2.73 2.00 property results in 2.19 1.92 efficiencies of 1.00 operations and staff 1.14…
Development Model Further Capital Program Reductions 102 Million Free 706 Funds Flow 700 Capital Program (March 2015) in 2019 120,000 Capital Program (March 2016) 59 Funds Flow (Based on March 2016 Strip Pricing) -34% Annual…
Sustainability Case Because you asked what if 300 0.6 Billion Capital 50,000 Spending Reduced by 0.6 Billion (50%) from 47,000 47,000 1.2 Billion Growth Capital Plan on Strip 234 250 Free Funds Pricing Flow 40,000 41,000…
Prudent Leverage Balance Sheet Strength Maintained 2.25 Natural Gas NYMEX March 29, 2016 Strip Pricing 3.25 Natural Gas NYMEX (WTI and FX at March 29th, 2016 Strip) (WTI and FX at March 29th, 2016 Strip) 3.5 3.5 3.5 YE Net Debt :…
Technology Parallel-Pair Completion Using Open Hole Ball-Drop Production Increase at No Cost Increase 5-K West Blair Blair 41-F 300-350 m Inter-well 90-100 m Average 11-F Spacing Fracture Stage Spacing 14-F 44-C…
Dramatic Increase in Capital Efficiencies Blair-Daiber High-Rate, Liquids-Enhanced 10 4,000 6,000 15.5 Bcfe EUR and Only 35% Cumulative Volume (Mmcfe) Initial Decline Cumulative Net Operating Income (M) Cumulative Net…
2016 Development Plan & Economics Blair-Daiber High-Rate, Liquids-Enhanced Development Program Economics 4.8 million Drill, Complete, Equip & Tie-in 9.1 MMcfe/d IP30 Production Rate 15.5 Bcfe 2P Reserves per well 15 bbls/MMcf…
Improving Capital Efficiencies Townsend Liquids-Rich Sweet Spot 10 4,000 6,000 9.5 Bcfe Type Curve Ball Drop (8 wells) Cumulative Volume (Mmcf) Perf & Plug (2 wells) Cumulative Net Operating Income (M) 8 Cumulative Net…
2016 Development Plan & Economics Townsend Liquids-Rich Sweet Spot Development Program Economics 4.8 million Drill, Complete, Equip & Tie-in 7.4 MMcfe/d IP30 Production Rate 9.5 Bcfe 2P Reserves per well 60 bbls/MMcf Liquids…
Development Economics Price Sensitivity High-Rate and Liquids- Enhanced, Blair-Daiber Blair-Daiber 150% Wells Deliver Significant Torque to Stronger Gas 15 bbls/MMcf (15.5 Bcfe Paired Prices Parallel Type Well) 125% Stronger…
Best Pony in the Race Checking Off All of the Boxes Focused Resource Processing Capacity to Support Growth Firm Transportation Lowest Royalty Framework Low Well Costs Top Well Performance Well Hedged Rapid Growth Deep…
5-Year Development Model Improved Well Performance Drives Down Well Count 2nd AltaGas Townsend 120,000 Facility 700 The number of wells (48 MMcf/d) necessary to 2nd AltaGas Townsend achieve annual 100,000 Facility (150 MMcf/d)…
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