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February 2016 Company Presentation – Petrus Resources Ltd.

Petrus Resources Ltd. · Feb 2, 2017 · 17 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. February 2016 Company Presentation – Petrus Resources Ltd. – slide 1
    TSX: PRQ FOCUSED - EFFICIENT - SUSTAINABLE February 2, 2017 1
  2. February 2016 Company Presentation – Petrus Resources Ltd. – slide 2
    PETRUS: A SNAPSHOT Corporate Profile Production & Cash Flow Q3 2016 Average Production 7,100 boe/d Current Production1 9,000 boe/d, 28% base decline rate Commodity Weighting 70% Gas, 30% Oil & Liquids Q3 2016 Cash Flow 6.0 mm…
  3. February 2016 Company Presentation – Petrus Resources Ltd. – slide 3
    ASSETS: CORPORATE OVERVIEW Ferrier Focused, Balanced Portfolio CENTRAL Low decline, Glauc Oil 1,870 boe/d1 86+ Locations FOOTHILLS CENTRAL l ALBERTA EDMONTON FOOTHILLS FERRIER Cardium Oil, Low decline Gas Predictable,…
  4. February 2016 Company Presentation – Petrus Resources Ltd. – slide 4
    COST MANAGEMENT: OPERATIONAL EFFICIENCY Production Costs Trending Down Total Corporate Production Costs TOTAL (/boe) PRODUCTION COSTS 10.54 10.14 29% 1 1.64 1.62 8.95 1.30 7.53 1.49 8.90 8.52 Low cost Ferrier gas…
  5. February 2016 Company Presentation – Petrus Resources Ltd. – slide 5
    ASSETS: FERRIER Low Risk Growth 5,210 Current boe/d 1 60 bbls Liquids per mmcf 182+ Locations Repeatable, predictable, low risk, manufacturing style resource play Liquids rich Cardium Critical infrastructure ownership and…
  6. February 2016 Company Presentation – Petrus Resources Ltd. – slide 6
    FERRIER: GAS PLANT On Stream December 2015 100% Petrus operated 30 mmcf/d capacity, expected to expand to 60 mmcf/d Q4 2017 Material operating cost reductions Generates significant third party processing income Firm…
  7. February 2016 Company Presentation – Petrus Resources Ltd. – slide 7
    FERRIER: OPERATING EXPENSE Ferrier Operating Expense Timeline 12 FERRIER OPERATING INCOME 70% 10 2 Ferrier Opex1 (/boe) 8 Petrus 2-25 gas plant on stream 6 Divert additional gas from Keyera Keyera take or pay 4…
  8. February 2016 Company Presentation – Petrus Resources Ltd. – slide 8
    FERRIER: COST MANAGEMENT Capital Efficiency Improvements FERRIER Capital Costs for Petrus Wells Drilled in Ferrier CAPITAL COSTS 5.0 22% 2 4.5 4.0 Well Cost (mm)1 3.5 3.0 2.5 2.0 1.5 Jan-13 Jul-13 Jan-14…
  9. February 2016 Company Presentation – Petrus Resources Ltd. – slide 9
    FERRIER: CARDIUM DRILLING Full Cycle Economic Overview Petrus WI Gross Gross IP Gross IRR2 Payout2 NPV102 F&D2 Well Type (%) Capital1 30 EUR (%) (years) (mm) (/boe) (mm) (mmcf/d) (bcf) Tier 1 Gas Locations 100 3.05 2.4 2.3 50.7…
  10. February 2016 Company Presentation – Petrus Resources Ltd. – slide 10
    FERRIER: TYPE CURVE COMPARISON Type Curves1 versus Actual Performance 700 Actual Tier 1 Avg. 600 Tier 1 Type Curve Sproule Tier 1 Analog 500 Actual Tier 2 Avg. Tier 2 Type Curve Sproule Tier 2 Analog Production (boe/d)2…
  11. February 2016 Company Presentation – Petrus Resources Ltd. – slide 11
    ASSETS: CENTRAL Stable Cash Flow 1,870 Current boe/d1 37% Oil & Liquids 86+ Locations Stable, low decline oil production Waterflood upside potential Concentrated, operated, high working interest Free cash flow generating…
  12. February 2016 Company Presentation – Petrus Resources Ltd. – slide 12
    CENTRAL: WATERFLOOD OVERVIEW Significant Upside Potential Current declines are 18% Waterflood projects could reduce decline to 15% 12
  13. February 2016 Company Presentation – Petrus Resources Ltd. – slide 13
    RESERVES: CONSISTENT GROWTH Reserves Metrics Highlights 488,480 459,425 402,642 P+P PV101 16.4x 3.7x 228,083 149,484 P+P Reserve 2015 Reserve 67,542 Life Index Replacement Ratio 2011 2012 2013 2014 2015 2016 YE…
  14. February 2016 Company Presentation – Petrus Resources Ltd. – slide 14
    BALANCE SHEET: IMPROVING FINANCIAL FLEXIBILITY Leverage and Asset Coverage 459.4 Proven commitment to NPV 101 debt reduction Q3 Net Debt 2015 Q1 2016 302.8 Q2 2016 Q3 2016 195.8 226.7 157.7 125.0 124.3 Total Net…
  15. February 2016 Company Presentation – Petrus Resources Ltd. – slide 15
    HEDGING: MITIGATING PRICE RISK Oil & Gas Financial Hedges 1 2 1 2 4.99/boe 6.40/boe 2015 Gain Jan-Sep 2016 Gain 1) Jan-Sep 2016 percentages hedged based on actual production, Oct 2016 forward based on Q3 avg. production.…
  16. February 2016 Company Presentation – Petrus Resources Ltd. – slide 16
    VALUE PROPOSITION: CONTROLLED GROWTH Positioned for Sustainable Value Creation Quality Assets Diversified, low risk assets with strong economics and consistent reserves growth Financial Strength Proven commitment to debt…
  17. February 2016 Company Presentation – Petrus Resources Ltd. – slide 17
    Suite 2400, 240 4th Avenue SW Calgary, Alberta T2P 4H4 www.petrusresources.com FORMOREINFORMATIONPLEASECONTACT: Neil Korchinski, President & CEO 403.930.0889 nkorchinskipetrusresources.com Cheree Stephenson, VP Finance & CFO…

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