Skip to main content May 2017 AGM Presentation – Pacific Exploration and Production Corp | Shale Experts
Loading...
Pm

May 2017 AGM Presentation – Pacific Exploration and Production Corp

Pacific Exploration and Production Corp · May 19, 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. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 1
    TSX: PEN www.pacific.energy Pacific Exploration & Production AGM Presentation May 2017
  2. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 2
    COMPANY HIGHLIGHTS US Millions, unless noted differently Largest independent E&P in Colombia & Peru of Blocks o 1Q17 net production: 72.5 Mboe/d o 1Q17 EBITDA: US115MM Successful debt restructuring provides strong balance sheet and…
  3. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 3
    COMPANY STRATEGY Four Pillars to the Value Creation Plan Successful Restructuring 1 Successful debt restructuring provides strong balance sheet and capital to develop asset base New Board of Directors and Management team committed to…
  4. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 4
    New Ownership Structure US Millions Pre-emergence Post-emergence Equity (Negative) 250 MM Debt (100%) 5,819 100% DIP* - Catalyst 4.3% (250) 4.3% (250) DIP* - Funding creditors Catalyst 20.9% 30.8% Banks (1,215) Funding…
  5. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 5
    First Quarter 2017 Results 1Q 2017 Operational Highlights (US; except Drilling at the Companys heavy oil fields for volumes) and reactivated operations in Peru adds incremental production Average Net Production 72,524 boe/d Total…
  6. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 6
    ONGOING TURNAROUND General & Administrative Cost Reductions Evolution of Pacific G&A Cost G&A Peer Comparison(1) US/bbl US/bbl 6,34 5,37 4,34 4.28 4.34 4,00 3.52 3,10 2,56 2.64 2.81 3,75 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 FY…
  7. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 7
    PRODUCTION GROWTH AND EXPLORATION UPSIDE Pacific E&P Portfolio 2016 Net 2P Reserves 9% 171 50% 42% MMboe Heavy Oil L&M Oil Natural Gas 8
  8. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 8
    PRODUCTION GROWTH Disciplined 2017 Capital Program 2017 capital spending will ramp-up throughout the year as we focus low risk/high value opportunities 2017 Development Drilling Capex in our portfolio Over half of development…
  9. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 9
    PRODUCTION GROWTH WITH EXPLORATION UPSIDE Quifa: Legacy Heavy Oil Asset Quifa Block 75 well infill program expected to largely replace company-wide production decline in CAJUA the short-term Currently producing 25 Mbbl/d net JASPE…
  10. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 10
    EXPLORATION UPSIDE & RESERVE REPLACEMENT CPE-6: Strong Reserve Base CPE-6 Block Heavy oil field currently producing 1,200 -2100 bbl/d gross -2200 -2300 PEN owns 100% working interest (acquired -2400 remaining 50% from partner)…
  11. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 11
    PRODUCTION GROWTH-RESERVES GROWTH-EXPLORATION UPSIDE Guatiqua: Building on Success in Avispa Guatiqua Block Current net production: 17 Mboe/d Avispa Field continues to outperform Recent development success at Avispa-5, Avispa-14, and…
  12. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 12
    PRODUCTION GROWTH Block 192: Production Growth Opportunity Peru Block 192 Largest oil producing block in Peru: near-term production potential of 10,000 BOPD Contains 13 producing fields with varying API gravity (light, medium and…
  13. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 13
    EXPLORATION UPSIDE & RESERVE REPLACEMENT Llanos 25: Acorazado Potential Impact Llanos 25 Block Proven hydrocarbon fairway on trend with Cusiana & Cupiagua fields Potential high rate wells 273 km2 of new 3D seismic data and…
  14. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 14
    EXPLORATION UPSIDE & RESERVE REPLACEMENT Growth Engine: Exploration Prospects Backlog Reserves MMboe 356 Opportunity to add Key prospect Inventory* 126 significant 2P Reserves reserves in key Contingent Resources Gas selected…
  15. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 15
    UNLOCKING VALUE Benefits From Divesting Non-core Assets 144 All divestments represent less than 2% of Production Planned Divestments allow increased focus in Colombia and Per 52 High graded activity set Active Reduced SBLCs…
  16. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 16
    UNLOCKING INFRASTRUCTURE VALUE Midstream & Infrastructure Assets PEN Infrastructure Assets Puerto Baha (41.8% Gross(1), 39.6% Net(2)) Greenfield liquids import-export terminal with a 2.4 MMbbl storage capacity and a dry terminal for…
  17. May 2017 AGM Presentation – Pacific Exploration and Production Corp – slide 17
    INVESTOR RELATIONS CONTACT: Richard Oyelowo - Manager +1 (416) 362-7735 royelowopacic.energy irpacific.energy

From the store

Browse maps, data & reports in the Shale Experts store