Oil-Weighted Growth Engine January 2018 Corporate Presentation
About PRAIRIE PROVIDENT Oil and liquids focused E&P company operating primarily in Alberta Low-decline production generates attractive operating netbacks* in current environment - 70% liquids (62% light oil) and 20% base decline -…
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 January 22, 2018 Market and Financial Summary Shares Outstanding 115.9 MM Management & Board Equity Ownership 3% Market Capitalization 57 MM Total Debt Net of Cash 52 MM Credit Capacity(1) 70 MM 2018…
FOCUSED ASSET BASE KEY FOCUS AREAS EVI 2,200 boe/d Evi 773,238 Slave Point light oil low risk Granite Wash light oil play PPR Total Net Acres 121 sections Emerging waterflood; initial reserves booked 20.7 MMboe Wheatland…
MANAGEMENT TEAM AND BOARD Management Board of Directors Tim S. Granger, President & CEO CEO at Molopo Energy Limited, President and CEO at Compton Petroleum Patrick R. McDonald, Chairman 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…
2017 RESERVES HIGHLIGHTS Volumes Value (Btax) Reserves per BOE/Share(1)(2)(3) Reserve Category(1)(4) Oil (mbbl) Gas (mmcf) NGL (mbbl) Total (mboe) NPV10 (m) 0.190 13% YoY Increase 0.180 Proved developed producing 6,305 11,302 280…
ATTRACTIVE ECONOMICS & INVENTORY 2018 estimated capital program of 26 million* (flexibility to increase, depending on commodity prices and results) Cash flow, hedges and access to capital support growth plans Princess Princess…
CORE AREA DEVELOPMENT Drilling program allocated across core areas at Wheatland, Princess and Evi 2018 estimated capital program of approximately 26 million* Core Area Capex Wheatland / Wayne 9 MM Princess 10 MM Evi Drilling 3 MM…
R21 R20W4 WHEATLAND WAYNE AREA T28 Current production of 850 boe/d 2017 netbacks of approximately 15/boe 2017 activity: Drilled one well adding 350 boe/d Added an additional 3.5 sections of land in the Wayne area…
WAYNE AREA ECONOMICS Average Type Well Economics* Ellerslie Type Well 350 Capital: 1.5 million/well 300 ROR: 40%(1) IP30: 350 boe/day 250 Payout: 1.9 years Recycle Ratio: 2.6 Production (boe/d) EUR: 260 Mboe 200 Operating…
PRINCESS Robust Economics & Low-Risk Growth Driver Current production of 600 boe/d of medium gravity oil 100% owned oil battery 2017 netbacks of approximately 27/boe 2017 activity: Tied in three wells adding 240 boe/d Acquired…
PRINCESS AREA Average Type Well Economics* Glauconite Type Well 200 Capital: 1.6 million/well 180 ROR: 60%(1) IP30: 180 boe/day 160 Payout: 1.4 years Production (boe/d) 140 Recycle Ratio: 2.7 EUR: 150 Mboe 120 100 80…
FULL FIELD (EVI MAIN) WATERFLOOD DEVELOPMENT Impact 1.4 MMboe of incremental oil reserves have been booked as a result of waterflood efforts to date; opportunity to increase further Oil (bbl/d)/Inj. (x10bbl/d)/GOR (scf/bbl) 4…
ST. LAWRENCE LOWLANDS: QUEBEC CALL OPTION ON NATURAL GAS DEVELOPMENT St. Lawrence Lowlands of Quebec Champlain1(100%WI) Operator:PPR 309,620 gross (241,884 net) acres in the St. Lawrence Lowlands Becancour 8(100%WI) Operator:PPR…
2018 OUTLOOK Current Estimates(1)* Average production (boe/d) 5,200 5,600 % liquids weighting 68% - 71% Operating netback (/boe) 20.50 - 22.00 Forecast Adjusted EBITDAX* (millions) 27 - 30 Royalties (%) 15% Operating…
WHY INVEST IN PPR PPR trading at Compelling value opportunity 38% of PDP NPV10(2) (Btax) 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 60% hedged 45% hedged of forecast 2018 base volumes (net of royalties) of forecast 2019 base volumes (net of royalties) Commodity Contract Reference Notional Quantity Remaining Term Weighted Average Price Oil…
SUMMARY OIL-WEIGHTED GROWTH ENGINE Oil & liquids focused E&P company executing a returns-based growth strategy ATTRACTIVE ASSETS (1) LIQUIDITY 5,000 boe/d current production Development funded with future operating cash flows 70%…
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