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 Daily Production (1) 240 MMcfe/day Daily Trading Volume (30 day trading average) 1.1 million shares per day (40,000 boe/d) Shares 100 million Debt (3) 208.7 million Outstanding…
Significant Growth Montney Growth Production of approximately 240 MMcfe/d (40,000 boe/d) representing a 156% increase over fourth quarter 2015 average daily production of 93.6 MMcfe/d (15,604 boe/d) Fully funded with funds flow…
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…
Production Growth Impressive and Consistent 4,221 6,589 8,693 13,192 23,000 48,000 Annual 15,604 boe/d boe/d boe/d Average boe/d boe/d boe/d boe/d boe/d 450 350 Annual Average MMcfe per Day per 1 Million Shares Annual…
Growth Plan Increasing Cash Flow from Production Growth 690 MMcfe/d Capital Development Program (November 2016) (115,000 boe/d) 600 700 Annual Average Daily Forecast Production Free Cash Flow 600 MMcfe/d 650 Annual Average…
Commodity Price Sensitivity Balance Sheet Strength Maintained 3.25 Natural Gas NYMEX (USD) 2.25 Natural Gas NYMEX (USD) November 1, 2016 Strip Pricing YE Net Debt : Q4 Annualized Cash Flow (WTI and FX at November 1, 2016…
Increasing Cash Flow per Mcfe Driving Cash Costs Lower; Increasing Liquid Yields G & A Costs per Mcfe Operating Costs per Mcfe Liquids Production Operating Cost ( / Mcfe) 0.40 66% 1.00 48% 6,000 G&A Cost ( / Mcfe) Liquids…
Strong Cash Flow per Mcfe Positive Earnings Forecasted for 2017 Low Full-Cycle Costs Forecasted 3.50 to Generate Top Line Revenue 3.19/Mcfe Positive 1.50 Earnings in 2017 3.00 at Nov 1, 2016 0.55/Mcfe Strip Pricing Cash…
Prudent Risk Management Financial Hedges 400 AECO Fixed Price Hedges (/Mcf) Station 2 Fixed Price Hedges (/Mcf) Expected Average Natural Gas Production (MMcf/d) 350 AECO Call Option (/Mcf) Unhedged 300 250 Financial…
Pricing Market Diversification 35% Sold on Natural Gas Production Volumes (MMcf/d) Spot Pricing in Station 2 Spot 65% Sold on Several Markets 28 Fixed Price AECO Spot MMcf/d Index Contracts (13%) 31 (weighted average Sumas…
Sales Egress Optionality Firm Transportation Supports Increasing Production Volumes Selling 45 MMcf/d onto AECO as at Oct 1, 2016 Selling 18 MMcf/d at Sumas sales hub (US/Canada border) starting November 1, 2016 Alberta B.C.…
Land Position Premium Assets in the Optimum Location LANDS PAINTED PONY PETROLEUM Large contiguous land base with year-round access PETRONAS SHELL CANADA 199 net sections (127,354 net acres) SUNCOR ENERGY INC OTHER 2nd Largest…
2015 Reserves Deep, Long-Term, Underlying Value At December 31, 2015(1): 2P Reserves 4.6 Tcfe 7.5 2015 2P times Recycle Ratio (F&D) Increase in 2P Reserves from December 31, 2014 (1) 57% 1.5 2015 1P times 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 / Cost Reduction Bigger and Cheaper PPYs reserves per share continues to increase while cost of supply per Mcfe Reserve continues to decline Finding & Growth Development Proved Plus Probable 5.0 50 Costs Proved…
Well Performance Top Performing Wells Among Montney Producers PPY well rates double the rates 275 of average for 7 140 industry Painted Pony (6.2 MMcf/d) 6 120 2013-2014 Average Peak Month Rate (MMcf/d) 5 100 4…
Technology Parallel-Pair Completion Using Open Hole Ball-Drop Plug and Perf Completion Open Hole Ball-Drop Single Well Ball-Drop Packer Production Increase at No Cost Increase Open Hole 300-350 m Ball-Drop Inter-well…
Dramatic Increase in Capital Efficiencies Blair-Daiber High-Rate, Liquids-Enhanced A 72% increase in 6-month cumulative Plan to drill 20 production has significantly increased net wells and capital efficiencies. complete 18 net…
2016 Development Plan & Economics Townsend Liquids-Rich Sweet Spot A 100% increase in 6-month cumulative production (1.0 Bcfe vs. 0.5 Bcfe; 9.5 Bcfe Management Type C Plan to drill 11 vs. Plug & Perf Type Well) coupled with a…
Development Economics Price Sensitivity (Half Cycle) 300% Stronger Liquids Pricing Boost Townsend Returns from 60 bbls/MMcf 250% Liquids-Rich (9.5 Bcfe Single Well Ball-Drop Type Well) Townsend Wells 200% Blair-Daiber IRR…
Capital Expenditures 2017 Remaining 2016 Capital Spending Forecast Period Capital Drilling Completions Q4 34 million (e) 9 net wells (e) 8 net completions (e) 2016 213 million (e) 36 net wells (e) 38 net completions (e) 2017…
Pony Points Checking Off All of the Boxes Financing In Place Top Well Performance Low Well Costs Well Hedged Rapid Growth Lowest Royalty Framework Processing Capacity to Support Growth Firm Transportation Massive Reserve Base…
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…
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…
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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