Oil-Weighted Growth Engine November 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 - 66% liquids (60% light oil) and…
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 Maintain and grow production through…
Company OVERVIEW As at November 15, 2017 Market and Financial Summary Shares Outstanding 115.9 MM Management & Board Equity Ownership 3% Market Capitalization 50 MM Total Net Debt 58 MM Credit Capacity(1) 72 MM 2017 Forecast…
MANAGEMENT TEAM AND BOARD Management Board of Directors Tim S. Granger, President & CEO Patrick R. McDonald, Chairman CEO at Molopo Energy Limited, President and CEO at Compton Petroleum Corporation, COO at Paramount Energy, Managing…
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 ASSET BASE KEY FOCUS AREAS 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 estimated 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…
WHEATLAND T29 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: 790,000 /location IP30: 350 boe/day 5 wells currently on production EUR: 269 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: 566,000/location EUR: 323 Mboe Recycle ratio: 1.8X Operating Netback: 9.00/boe Evaluating the play for possible…
PRINCESS 64 sections (gross) 95% average working interest Detrital Oil Detrital Gas Robust Economics & Low-Risk Growth Driver Glauc Channel 9 identified Detrital locations; 6 identified Drilling Locations Glauconite locations…
FULL FIELD (EVI MAIN) WATERFLOOD DEVELOPMENT Base Assumptions: Full field low scenario 14 additional producing wells to be converted to injection wells, 3.5MM capex Oil (bbl/d)/Inj. (x10bbl/d)/GOR (scf/bbl) Future facility and…
ST.LAWRENCELOWLANDS:QUEBEC CALL OPTION ON NATURAL GAS DEVELOPMENT St.LawrenceLowlandsofQuebec Champlain1(100%WI) Operator:PPR 309,620gross(241,884net)acresintheSt.Lawrence Lowlands Becancour 8(100%WI) Operator:PPR…
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…
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…
ACTIVE RISK MANAGEMENT 57% hedged 13% hedged of forecast 2018 base volumes (net of royalties) of forecast 2019 base volumes (net of royalties) Commodity Contract Notional Quantity Remaining Term Reference Weighted Average Price…
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%…
ADVISORIES Oil and Gas Metrics and Non-IFRS Measures OilandGasMetricsandNon-IFRSMeasures.Thispresentationincludesreferencetocertainmeasurescommonlyusedintheoilandgasindustrybutwhichdonothavestandardized DrillingInventoryandLocations.…
ADVISORIES Forward Looking Information Reserves Data Disclosure Forward-LookingInformation. Certaininformationincludedinthispresentationconstitutesforward-lookinginformationwithinthemeaningofapplicableCanadian ReservesDataDisclosure.…
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