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July 2016 Corporate Update – Petrus Resources Ltd.

Petrus Resources Ltd. · Jul 25, 2016 · 20 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. July 2016 Corporate Update – Petrus Resources Ltd. – slide 1
    TSX: PRQ FOCUS ON MAXIMUM RETURN BUILD Corporate Update HIGH QUALITY ASSETS ACHIEVE July 25, 2016 GROWTH WITH SUSTAINABILITY 1
  2. July 2016 Corporate Update – Petrus Resources Ltd. – slide 2
    CORPORATE OVERVIEW CURRENT PRODUCTION AND CASH FLOW Current Production Capability1 7,950 boe/d 30% oil and liquids PETRUS PROFILE Q1 16 Cash Flow 4.56 million 0.10 per share CAPITAL STRUCTURE Net Debt (estimated at Jul. 9, 2016)…
  3. July 2016 Corporate Update – Petrus Resources Ltd. – slide 3
    Peace River area assets sold for a total consideration of 30.0 million 29MM cash plus 1MM in equity of private company Rising Star Resources (purchaser) PEACE RIVER Closed on July 8, 2016 (effective date of April 1, 2016) DISPOSITION…
  4. July 2016 Corporate Update – Petrus Resources Ltd. – slide 4
    Very Strong Hedge Book Protects Cash Flows PETRUS HEDGE Petrus Hedges 12-Jul-16 BOOK 2016 2017 2018 Q1 Q2 Q3 Q4 Avg Q1 Q2 Q3 Q4 Avg Q1 '18 Oil Hedged (Bbl/d) 1,700 1,600 1,350 1,350 1,500 1,100 1,200 1,100 800 1,050 600 (%) * 59%…
  5. July 2016 Corporate Update – Petrus Resources Ltd. – slide 5
    Buy and exploit approach Growth with sustainability THE Acquire low decline assets Diversified asset mix PETRUS MODEL Identify organic projects on acquired Low overall corporate declines…
  6. July 2016 Corporate Update – Petrus Resources Ltd. – slide 6
    Historical Production vs. Annualized Quarterly Cash Flow 10,000 100.0 9,000 90.0 Liquids (Boe/d) Gas (Boe/d) Annualized Quarterly Cash Flow (MM) PRODUCTION 8,000 80.0 AND CASH FLOW 7,000 5,771 70.0 5,254 Annualized…
  7. July 2016 Corporate Update – Petrus Resources Ltd. – slide 7
    P+P Reserves PV10 RESERVE METRICS HIGHLIGHTS 600,000 500,000 488,480 PETRUS 400,000 402,642 16.4x 3.7x RESERVES P+P PV10 300,000 GROWTH 200,000 228,083 100,000 149,484 67,542 0 P+P Reserve Reserve 2011 2012 2013 2014…
  8. July 2016 Corporate Update – Petrus Resources Ltd. – slide 8
    Stable production & free cash flow with waterfloods 2,441 DIVERSIFIED Boe/d (64% Gas) LOW-DECLINE Q1 2016 ASSETS 39,496 FOOTHILLS Net Acres Undeveloped Land Multi-play fields CENTRAL weighted to light ALBERTA Edmonton 92+ oil…
  9. July 2016 Corporate Update – Petrus Resources Ltd. – slide 9
    Growth Project
  10. July 2016 Corporate Update – Petrus Resources Ltd. – slide 10
    Focus on Ferrier FERRIER Why We Like It Liquids-rich Cardium gas 70 bbls/Mmcf (35 C5+) Repeatable low-risk, manufacturing style resource play Facilities, gathering systems in place New Petrus operated gas plant Upside Large…
  11. July 2016 Corporate Update – Petrus Resources Ltd. – slide 11
    CURRENT WELLS FERRIER 75 CARDIUM POOL Rocky Mountain House PUD LOCATIONS 100 PLUS PROBABLE & UNBOOKED LOCATIONS Petrus Land 65 Farm-in Land Oil/Liquids Well Gas Well Note: Locations based in part on evaluation prepared…
  12. July 2016 Corporate Update – Petrus Resources Ltd. – slide 12
    PETRUS FERRIER GAS PLANT 2-25 Plant site April, 2016 14
  13. July 2016 Corporate Update – Petrus Resources Ltd. – slide 13
    Ownership and Control of Strategic Infrastructure PETRUS Petrus new 25 mmcf/d plant came onstream in December and continues to perform well. FERRIER GAS PLANT Dedicated sales line and meter station directly to TCPL. Significant cost…
  14. July 2016 Corporate Update – Petrus Resources Ltd. – slide 14
    FERRIER DRILLING 16-25 Padsite February, 2016 16
  15. July 2016 Corporate Update – Petrus Resources Ltd. – slide 15
    Large Inventory of Drilling Locations with Robust Economics FERRIER In Q1 Petrus drilled 2 gross / 1.96 net and participated in 1 gross / 0.35 net Cardium wells. DRILLING Capital costs showed a 15% reduction over the previous year…
  16. July 2016 Corporate Update – Petrus Resources Ltd. – slide 16
    Drilling at Ferrier is economic at current strip prices. Well WI Gross Gross IP Gross WI IP 12 IRR Payout NPV10 F&D 250 Capital EUR (Sales Type (mm) (mmcf/d) (BCF) Boed) (%) (Years) (mm) (/boe) 'A' Gas 100 2.8 2.7 2.3 320 79.5 1.3…
  17. July 2016 Corporate Update – Petrus Resources Ltd. – slide 17
    Sustainability Project
  18. July 2016 Corporate Update – Petrus Resources Ltd. – slide 18
    Waterfloods in Central Alberta Central Alberta Core Area GLAUC P Thorsby Free cash flow-generating asset, 42% oil and liquids POOL Concentrated, operated, 98% WI asset base 100% working interest in facilities and gathering GLAUC A…
  19. July 2016 Corporate Update – Petrus Resources Ltd. – slide 19
    Managing Through the Low Petrus low decline and low cost structure is a significant advantage at low prices. OUTLOOK The strong hedge book underpins cashflow. Approximately 30MM of annual capex required to maintain current…
  20. July 2016 Corporate Update – Petrus Resources Ltd. – slide 20
    Petrus Resources Ltd. Suite 2400, 240 4th Avenue SW Calgary, Alberta T2P 4H4 www.petrusresources.com For more information please contact Kevin Adair, President & CEO 403.930.0888 kadairpetrusresources.com Cheree Stephenson, VP…

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