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1Q 2017 Results – Pacific Energy Development

Pacific Energy Development · May 3, 2017 · 12 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. 1Q 2017 Results – Pacific Energy Development – slide 1
    TSX: PEN www.pacific.energy Pacific E&P Investor Presentation First Quarter 2017 Results INVESTOR RELATIONS
  2. 1Q 2017 Results – Pacific Energy Development – slide 2
    COMPANY HIGHLIGHTS Capital Structure Cash and Cash Equivalents 470MM Current Restricted Cash 37MM Long-term Total Debt 250MM Shares Outstanding 50MM 2017 Capital Expenditures Program Maintenance & Development 220 - 250MM Facilities &…
  3. 1Q 2017 Results – Pacific Energy Development – slide 3
    POST EMERGENCE TRANSFORMATION Post-Emergence Pre-Emergence (in progress) Culture Siloes Integration Leadership Our Partners Isolation Collaborative Engagement Reactive Proactive Long-term Debt 5.4 Billion 250 Million Financial…
  4. 1Q 2017 Results – Pacific Energy Development – slide 4
    FIRST QUARTER 2017 SNAPSHOT 1Q 2017 Operational Highlights Average Sales Volumes 76,256 boe/d Drilling at the Companys heavy oil fields Average Net Production 72,524 boe/d and reactivated operations in Peru adds Combined Price…
  5. 1Q 2017 Results – Pacific Energy Development – slide 5
    FIRST QUARTER OPERATING & FINANCIAL RESULTS 6 INVESTOR RELATIONS
  6. 1Q 2017 Results – Pacific Energy Development – slide 6
    1Q PRODUCTION GROWTH 2017 Exit Production Expected to be 80,000 85,000 boe/d Approximately 5,000 bbl/d Attributable to Peru Mboe/d 100 92.9 80 85 81.5 80 75.1 72.5 69.4 60 40 20 0 1Q16 2Q16 3Q16 4Q16 1Q17 2017 Exit…
  7. 1Q 2017 Results – Pacific Energy Development – slide 7
    1Q KEY PERFORMANCE INDICATORS Operating Cost1 Combined Price & Operating Netback1 45.95 41.67 40.83 41.92 37.60 27.98 0.53 25.91 24.54 1.08 0.87 21.35 20.53 20.32 20.04 2.03 1.73 14.82 17.07 16.29 12.94 14.28 13.94…
  8. 1Q 2017 Results – Pacific Energy Development – slide 8
    OPTIMIZATION & COST REDUCTION ACHIEVEMENTS Pacific G&A Cost1 G&A Peer Comparison1,2 6.34 5.37 4.34 4.34 3.72 3.10 3.55 2.56 3.02 3.13 1Q16 2Q16 3Q16 4Q16 1Q17 GTE PXT CNE PEN Peer Avg 1)/boe 2)Source: TD Preview of…
  9. 1Q 2017 Results – Pacific Energy Development – slide 9
    BENEFITS FROM DIVESTING NON-CORE ASSETS in millions Cash Exploration SBLC/ Status2 Block Country Buyer Proceeds Commitments Collateral Sold Santos Basin(1) Brazil Karoon Gas 15.5 50.8 0.0 Sold North Basins(1) Brazil Queiroz…
  10. 1Q 2017 Results – Pacific Energy Development – slide 10
    TSX: PEN www.pacific.energy Q&A Session Investor Presentation May 2017 INVESTOR RELATIONS
  11. 1Q 2017 Results – Pacific Energy Development – slide 11
    PACIFIC E&P INVESTMENT HIGHLIGHTS Pacific has a unique set of assets, a strong opportunity set and a skilled and dedicated workforce. While the Company will continue to look at ways to maximize the value of certain assets, the core E&P…
  12. 1Q 2017 Results – Pacific Energy Development – slide 12
    INVESTOR RELATIONS CONTACT: Richard Oyelowo - Manager +1 (416) 362-7735 royelowopacic.energy irpacific.energy INVESTOR RELATIONS

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