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November 2016 Corporate Presentation – Prairie Provident Resources Inc.

Prairie Provident Resources Inc. · Nov 30, 2016 · 28 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. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 1
    Positionedfor Growth November 2016 Corporate Presentation
  2. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 2
    Prairie Provident OVERVIEW E&P company with operations primarily focused in the Western Canadian Sedimentary Basin in Alberta Significant liquidity (55 MM facility) and strong hedge position through 2018 underpins growth…
  3. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 3
    STRATEGY Focus on development of conventional western Canadian oil and liquids plays that offer compelling economics in a low price environment Maintain high working interests and operatorship Deliver accretive growth through…
  4. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 4
    PRO FORMA OVERVIEW Financial Summary Shares Outstanding (MM) 97.4 Bank Debt (MM) 5 Credit Capacity (MM) 55 Q4 16 Forecast Funds from Operations (MM)(2)(3) 6.0 Operational Summary(1) Production (boe/d) (Nov. 8, 2016) 4,900(2)…
  5. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 5
    MANAGEMENT TEAM AND BOARD Management BoardofDirectors Tim S. Granger, President & CEO Patrick R. McDonald, Chairman CEO Molopo Energy Limited, President and CEO of Compton Petroleum Corporation, COO Paramount Energy, Managing Director of…
  6. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 6
    POSITIONED FOR GROWTH Built an oil-weighted and low-risk asset base in Alberta focused in Wheatland / Princess and Evi, which offers: Over 170(1) internally identified development drilling opportunities (unrisked) Proven water flood…
  7. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 7
    ASSET BASE KEY FOCUS AREAS 847,587 EVI 1,400 boe/d Evi Slave Point light oil low risk Total Gross Acres(1) 56 sections Emerging waterflood; initial reserves booked 18.5 MMBOE Wheatland Proved + Probable Lower cretaceous…
  8. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 8
    ATTRACTIVE ECONOMICS + INVENTORY Average Type Well Economics Princess Wheatland Drill, Complete, Equip & Tie-in (MM) 0.7 MM 1.55 MM Production, IP30 (boe/d) 65 boe/d 260 boe/d Production, IP365 (boe/d) 45 boe/d 160 boe/d EUR (mboe) 60…
  9. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 9
    CORE AREA DEVELOPMENT Focus on development at Wheatland, Princess and Evi: 2H 2016 Capex est. 18 MM Core Area Capex Activities Drill, complete, tie-in 8-10 wells Wheatland / Princess 13MM 2.1 million (CEE) Evi 1MM Electrification and…
  10. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 10
    WHEATLAND / PRINCESS OPPORTUNITY Shallow Mannville / Detrital Fairway with large OOIP Lithic Glauconite Fluvial Channels Subaqueous Marine Ellerslie Deposition Horizontal efficiencies with pad drilling Bypassed pay identification…
  11. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 11
    T29 128sections(gross) WHEATLAND 4 5 * T28 145 UnriskedLocations 16 1 15 5 4 2 Shallow Mannville Fairway: Large OOIP 1 T27 8ProducingMannvilleWells 13 12 2 Zone Status 1. 1-10-28-21 Ellerslie Producing 2. 9-36-27-20…
  12. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 12
    T29 WHEATLAND T28 100/01-10-028-20W4 OnProd:Dec2015 Shallow Mannville Fairway: Large OOIP FollowLocations: Upto12 T27 Main Clastic Targets: 102/13-07-025-22W4 Lithic Glauconite Fluvial Channels T26 OnProd:Aug2016…
  13. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 13
    14-28Discovery 102/14-28-028-20W4 OnProd:Mar2016 IP(partial1stMonth): WHEATLAND Oil:140bbl/d Gas:828Mcf/d Current Discoveries Oil:67bbl/d NetPorosity Map Gas:438Mcf/d SP30mVor9%Porosity FollowLocations: Upto18 PPRLand…
  14. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 14
    Play is Economic at Current Prices WHEATLAND Mannville Type Well Freehold Lands May 17 strip price* with Extensive 300 Drilling Inventory 250 ROR: 31% Payout: 2.1 years 200 Recycle Ratio: 2.0 Production (boed) Capital…
  15. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 15
    Detrital Oil Detrital Gas PRINCESS GlaucChannel Exploration Locations 70 sections(gross) Recompletions 95%averageworkingInterest 9 Identified Detrital Locations 16-13Detrital 6 Identified Glauconite Locations…
  16. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 16
    Robust Economics PRINCESS Risked Detrital Type Well* May 17 strip price* Low-Risk Organic 70 Growth Driver 60 ROR: 70% Payout: 1.3 years 50 Recycle Ratio: 2.30 Oil Production (bopd) 40 Potential Cost Savings: 30…
  17. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 17
    Opportunity for a doubling of reserve WATERFLOOD SUMMARY bookings and recovery Slave Point Light Oil Resource Play over time Company controls pace of Initial results of early Initial results of early development & capital…
  18. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 18
    FULL FIELD (EVI MAIN) WATERFLOOD DEVELOPMENT Waterflood (single injector) Base Assumptions: May 17 strip price Q1 2016 expansion - 2.3MM 35 ROR: 33% (4 conversions + facility work) Payout: 2.4 years 30 Full field low scenario 14…
  19. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 19
    PPR SECTION 19 & 20-87-11W5 WATERFLOOD PHASE 1 RESULTS OOIP 8,000 mbbl Primary Recovery 475 mbbl (5.9%) Phase 1 600 mbbl (7.5%) Incremental Rec. 125 mbbl 19
  20. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 20
    PPR N24 & 25-87-12W5 WATERFLOOD PHASE 1 RESULTS OOIP 6,000mbbl PrimaryRecovery 565mbbl(9%) Phase1 800mbbl (13%) IncrementalRec. 235mbbl 20
  21. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 21
    VHO SECTION 14-88-12W5 WATERFLOOD RESULTS OOIP 4,000mbbl PrimaryRecovery 400mbbl(10%) EnhancedRec. 675mbbl (17%) IncrementalRec. 275mbbl 21
  22. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 22
    2017 OUTLOOK Base Case High Case Average production (boe/d) 5,300 5,800 % of liquids 50% 50% Exit production (boe/d) 5,500 6,000 Operating netback (/boe) 14.00 15.00 Operating netback, after realized gains from derivative 15.00 16.00…
  23. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 23
    ACTIVE RISK MANAGEMENT Volume Price Price Commodity Contract Type (GJ/d) (bbls/d) Strike/Floor Ceiling Term Gas Swap 2,500 - AECO 2.50 February Dec. 2016 Swap 1,800 - AECO 2.20 Jul. 1 Dec.31 2016 Swap 1,800 - AECO 2.60 Calendar 2017…
  24. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 24
    NON-CORE PRODUCING ASSETS Provost 98% WI (TWP 37-4W4) 400 Boe/d (92% liquids) net YE2015 - TP NPV10 14.3MM Operated production and battery Medium to heavy oil (cold production) Chinchaga 33% WI (TWP 97-8W6) 195 Boe/d (15%…
  25. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 25
    EXPLORATION FUTURE OPPORTUNITIES Pointed Mountain, North West Territories Shale Gas Lease extended by 21 years by Aboriginal Affairs and Northern Development on Dec. 10, 2013 53,000 net acres in Liard Basin prospective for Besa River &…
  26. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 26
    SUMMARY Prairie Provident offers exposure to a high-growth, light oil weighted company with significant liquidity to fuel future organic and acquisition growth ATTRACTIVEASSETS LIQUIDITY 4,000 Boe/d 55 MM credit facility Oil…
  27. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 27
    Prairie Pro v id en t Corporate Information HEADOFFICE STOCKEXCHANGELISTING: PrairieProvidentResources TSX:PPR 1100,640 5thAvenueSW Calgary,AlbertaT2P3G4 LEGAL COUNSEL: BennettJones PHONE: +1.403.292.8000 RESERVEENGINEERS:…
  28. November 2016 Corporate Presentation – Prairie Provident Resources Inc. – slide 28
    ENDNOTES 1. BasedontherespectivereservesevaluationreportsofLonePineandArsenal,preparedbySprouleAssociates Ltd.(Sproule)forLone Pineandby DeloitteLLPforArsenal,…

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