Oil-Weighted Growth Engine September 2017 Corporate Presentation
About PRAIRIE PROVIDENT Oil and liquids focused E&P company operating primarily in Alberta Liquids-weighted, low-decline production generates attractive operating netbacks* in current environment - 65% liquids (52% light oil, 48%…
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…
Company OVERVIEW As at June 30, 2017 Market and Financial Summary Shares Outstanding 115.9 MM Management & Board Equity Ownership 3% Market Capitalization 58 MM Long-Term Debt 50 MM Credit Capacity 65 MM 2017 Forecast Funds from…
MANAGEMENT TEAM AND BOARD Management Board of Directors 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…
POSITIONED FOR GROWTH Built an oil-weighted and low-risk asset base in Alberta focused in Wheatland / Princess and Evi, which offers: 5 years of drilling inventory on internally identified development drilling opportunities…
ALBERTA KEY FOCUS AREAS ASSET BASE EVI 2,400 boe/d Evi 759,948 Slave Point light oil low risk Granite Wash light oil play Total Net Acres 122 sections Emerging waterflood; initial reserves booked 15.1 MMBOE Wheatland Proved…
ATTRACTIVE ECONOMICS & INVENTORY 2017 budgeted capital program of 25 million (responsive to commodity price & results) Focused at Wheatland, Princess and Evi Cash flow, hedges and access to capital supports growth plans Princess…
CORE AREA DEVELOPMENT Focus on development at Wheatland, Princess and Evi: 2017 estimated capital program of approximately 25 million Core Area Capex Wheatland / Princess 15 MM Evi 2 MM Other 8 MM Flexibility to expand capital…
WHEATLAND / PRINCESS OPPORTUNITY Shallow Mannville / Detrital Fairway with large resource potential Lithic Glauconite Fluvial Channels Subaqueous Marine Ellerslie Deposition Horizontal efficiencies with pad drilling Bypassed pay…
T29 WHEATLAND Wayne 9 wells drilled Current prod 1492 boe/d: T28 Additional development 25 locations Lithic glauconite fluvial channels; subaqueous marine Ellerslie deposition T27 Medium oil + associated natural gas…
R21 R20W4 WHEATLAND WAYNE AREA T28 Average Type Well Economics* Capital: 1.5 million/well NPV10: 678,000 /location IP30: 383 Boe/day 5 wells currently on production EUR: 317 MBoe 6 wells planned for 2018 Operating Netback:…
R26 R25 R24W4 WHEATLAND STRATHMORE AREA T25 Average Type Well Economics* Capital: 1.6 million/well NPV10: 738,000/location EUR: 326 MBOE Recycle ratio: 2.3X Operating Netback: 11.50/BOE Development planned for 2019 Discovery…
(1) EVI ACQUISITION Slave Point light oil resource play 1,100 boe/d of production Acquisition brings operational synergies of 2/boe or 2MM/year Company controls pace of development & capital and established infrastructure…
WATERFLOOD RESULTS Evi Slave Pt. Production Decline - 225 operated wells (includes both waterflood and non-waterflood areas) 4,500 4,000 3,500 Oil Production (bbl/d) CD Rate 3,000 35% annual decline 25% annual decline…
COMMITMENT TO SUCCESS PPR remains focused on per share and returns-focused growth 2016 Objectives 2016 Results Outlook for 2017* Exit 2016 production guidance of 5,000 Exited at 5,500 boe/d, 10% increase 2017 Exit Guidance of 6,000 -…
2017 OUTLOOK Current Estimates(1) Average production (boe/d) 6,000 % liquids weighting 60% - 65% Exit production (boe/d) 6,000 - 6,500 Operating netback (/boe) 14.00 - 15.00 Operating netback, after realized gains from derivative…
ACTIVE RISK MANAGEMENT 80% hedged 35% hedged of forecast 2017 remaining base volumes (net of royalties) of forecast 2018 base volumes (net of royalties) Commodity Notional Weighted Contract Quantity Remaining Term Reference Average…
NON-CORE PRODUCING ASSETS Provost 98% WI (TWP 37-4W4) 200 boe/d (94% liquids) net Total Proved reserves 430 mboe Operated production and battery Medium to heavy oil (cold production) Chinchaga 33% WI (TWP 97-8W6) 120 boe/d (15%…
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 &…
Why Invest in PPR PPR trading at Compelling value opportunity 32% of PDP NPV10(1) Focused on returns - Disciplined approach to capital allocation and focus on projects that provide the highest IRR - Asset portfolio provides…
COMPELLING OPPORTUNITY PROVEN ASSETS, COMMITTED TEAM, STRONG TORQUE TO OIL PRICES Current valuation presents attractive entry point 2017 EV / DACF Comparatives 2017 EV / Production Comparatives 9.0x 60,000 8.0x EV / 2017E…
SUMMARY OIL-WEIGHTED GROWTH ENGINE Oil & liquids focused E&P company executing a returns-based growth strategy ATTRACTIVE ASSETS (1) LIQUIDITY 6,000 Boe/d current production Development funded with future operating cash flows 65%…
Prairie Provident Corporate Information HEAD OFFICE STOCK EXCHANGE LISTING: Prairie Provident Resources TSX: PPR 1100, 640 5th Avenue SW Calgary, Alberta T2P 3G4 LEGAL COUNSEL: Bennett Jones PHONE: +1.403.292.8000 RESERVE…
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