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August 2017 Corporate Resources – Petrus Resources Ltd.

Petrus Resources Ltd. · Aug 9, 2017 · 20 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. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 1
    TSX: PRQ FOCUSED - EFFICIENT - SUSTAINABLE August 9, 2017 1
  2. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 2
    BALANCE SHEET: IMPROVING FINANCIAL Proven Commitment to Debt Reduction FLEXIBILITY 240 10.0 9.0 8.9x 8.4x 8.0 180 7.0 40% 6.0 120 5.0x 5.0 1 5.2x 4.0 NET DEBT 3.2x 3.0 67% 60 2.8x 2.8x 2.0 2 1.0 NET DEBT/FUNDS FLOW…
  3. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 3
    COST MANAGEMENT: OPERATIONAL EFFICIENCY Production Costs Trending Down 1.31 1.62 1.30 44% 1.49 1.32 11.00 1.38 1 8.52 1.50 OPERATING 7.65 6.04 5.53 COSTS 3.63 4.50 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17…
  4. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 4
    PRODUCTION: ORGANIC GROWTH Consolidation and Ferrier Development PEACE RIVER Disposed of 1,000 boe/d 1.00 1.01 0.88 0.68 44% 1 PRODUCTION 0.52 94% 10,240 9,331 8,435 8,595 2 7,100 FUNDS FLOW PER SHARE Q2 2016…
  5. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 5
    PETRUS: A SNAPSHOT Corporate Profile Production & Funds Flow Q2 2017 Average Production 10,240 boe/d Current Production1 10,711 boe/d, 28% base decline rate Commodity Weighting 69% Gas, 31% Oil & Liquids Annualized Q2 2017 Funds…
  6. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 6
    ASSETS: CORPORATE OVERVIEW Ferrier Focused, Balanced Portfolio CENTRAL Low decline, Glauc Oil 1,904 boe/d1 89+ Locations FOOTHILLS CENTRAL l ALBERTA EDMONTON FERRIER FOOTHILLS Predictable, Liquids Rich Cardium Cardium…
  7. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 7
    ASSETS: FERRIER Low Risk Growth 7,359 Current boe/d1 60 bbls Liquids per mmcf 178+ Cardium Locations 71+ Other2 Locations Repeatable, predictable, low risk, manufacturing style resource play Liquids rich Cardium Infrastructure…
  8. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 8
    FERRIER: GROWTH Land Position and Drilling Locations1 Arriva GROWTH (Q3 2014) YE 2014 YE 2015 YE 2016 CURRENT2 Q3 2014-Current Net Undeveloped Acres 7,435 22,735 24,494 27,177 35,648 5X Tier 1 Cardium Locations 30 30 36 38 54 2X…
  9. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 9
    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 Firm transportation contracts ensure current production flows…
  10. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 10
    FERRIER: OPERATING EXPENSE Ferrier Operating Expense Timeline 9 FERRIER 8 PETRUS 2-25 GAS PLANT ON STREAM (Capacity-30 mmcf/d) 75% 2 Of Total Company 7 Operating Income 6 Ferrier Opex (/boe) DIVERT ADDITIONAL 5 GAS…
  11. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 11
    FERRIER: COST MANAGEMENT Capital Efficiency Improvements 5.0 4.5 16% FERRIER CAPITAL 2 COSTS 4.0 Well Cost (mm) 3.5 3.0 2.5 2.0 1.5 Jan-13 Jan-14 Jan-15 Jan-16 Dec-16 Dec-17 Rig Release Date 1)…
  12. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 12
    FERRIER: CARDIUM DRILLING Economic Overview Gross Gross IP Gross Half Cycle Petrus Capital 30 EUR IRR2 Payout2 NPV102 F&D2 WI (mm) (mmcf/d) (bcf) (%) (years) (mm) (/boe) (%) Tier 1 Gas Locations 100 2.90 2.4 2.3 43 1.9 1.5…
  13. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 13
    FERRIER: TYPE CURVE COMPARISON Type Curves versus Actual Performance 700 Actual Tier 1 Avg. (27 wells) 600 Tier 1 Type Curve Sproule Tier 1 Analog 1 Actual Tier 2 Avg. (56 wells) Tier 2 Type Curve 500 Sproule Tier 2 Analog 1…
  14. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 14
    ASSETS: CENTRAL Stable Funds Flow 1,904 Current boe/d1 37% Oil & Liquids 89+ Locations Stable, low decline Glauc oil production Waterflood upside potential Concentrated, operated, high working interest Critical infrastructure…
  15. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 15
    CENTRAL: WATERFLOOD OVERVIEW Significant Upside Potential Glauc P Pool 6% Recovery Factor To Date Waterflood Upside Potential Glauc A Pool Currently Under Waterflood Glauc RPool 18% Recovery Factor To Date 9% Recovery…
  16. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 16
    RESERVES: CONSISTENT GROWTH Reserves Metrics Highlights Peace River 2015 P+P PV10 BTAX P+P PV101 Corporate P+P PV10 54,848 Excluding 2016 Dispositions 488,480 9.89 420,888 347,490 /boe 228,083 2016 149,484 PDP F&D2…
  17. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 17
    HEDGING: MITIGATING PRICE RISK Oil & Gas Financial Hedges 3 2 1 1 5.18/boe 4.98/boe 2015 Gain 2016 Gain 1) Percentages hedged based on actual production for January 2016 to March 2017; April 2017 forward based on Q2…
  18. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 18
    VALUE PROPOSITION: CONTROLLED GROWTH Positioned for Sustainable Value Creation Quality Assets Diversified, low risk assets with strong economics and consistent reserves growth Proven commitment to debt reduction and increasing…
  19. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 19
    PETRUS: LEADERSHIP Diverse, Experienced & Effective DON T. GRAY NEIL KORCHINSKI BRIAN MINNEHAN President & CEO, Director Chairman, Board of Directors Director Peyto Exploration & Development Corp. Peyto Exploration & Development…
  20. August 2017 Corporate Resources – Petrus Resources Ltd. – slide 20
    Suite 2400, 240 4th Avenue SW Calgary, Alberta T2P 4H4 www.petrusresources.com FOR MORE INFORMATION PLEASE CONTACT: Neil Korchinski, President & CEO 403.930.0889 nkorchinskipetrusresources.com Cheree Stephenson, VP Finance & CFO…

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