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Annual General Meeting – Prairie Provident Resources Inc.

Prairie Provident Resources Inc. · May 17, 2018 · 15 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. Annual General Meeting – Prairie Provident Resources Inc. – slide 1
    Oil-Weighted Growth Engine May 17, 2018 Annual General Meeting
  2. Annual General Meeting – Prairie Provident Resources Inc. – slide 2
    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…
  3. Annual General Meeting – Prairie Provident Resources Inc. – slide 3
    EXECUTING THROUGH CHALLENGES 2017 Volatile commodity prices Deferred development & Growth within cash flow Challenges: & widening differentials asset sales impact volumes becomes limited by scale Focus on Strategy Execution…
  4. Annual General Meeting – Prairie Provident Resources Inc. – slide 4
    2017 A YEAR OF TRANSITION Light oil acquisition in the Greater Red Earth area added high netback production, waterflood enhancement opportunities and increased footprint at Evi Liquids weighting increased to 70% following divestiture…
  5. Annual General Meeting – Prairie Provident Resources Inc. – slide 5
    2017 KEY OPERATIONAL SUCCESSES Reserves (BOE basis)/Share(1)(2)(3) 13% YoY 26 0.190 % Increase 0.180 0.170 49 Increase in Proved + Probable % 0.160 reserves(1)(2) vs 2016 0.150 0.140 10% YoY Increase in production…
  6. Annual General Meeting – Prairie Provident Resources Inc. – slide 6
    CURRENT MARKET FUNDAMENTALS Crude Oil Strong price recovery since mid-2017 on sharp improvement in fundamentals much lower inventories with robust demand growth Forward markets reflect potentially tighter supply over the next few…
  7. Annual General Meeting – Prairie Provident Resources Inc. – slide 7
    CURRENT OVERVIEW Evi AL B E RTA Emerging waterflood; initial reserves booked Slave Point light oil low risk Evi Granite Wash light oil play 2,100 boe/d 20.7 MMboe Proved + Probable Reserves(1) Wayne 773,238 An oil-prone…
  8. Annual General Meeting – Prairie Provident Resources Inc. – slide 8
    EVI WATERFLOOD Current production of 2,100 boe/d Netbacks(1) of approximately 35/boe(2) 2017 activity: Acquired VHO Assets in Q1 2017 Conversion of 4 wells to injectors Recompleted 3 wells to access additional up-hole zones 2018…
  9. Annual General Meeting – Prairie Provident Resources Inc. – slide 9
    EVI SLAVE POINT WATERFLOOD Primary Producers 30% decline rate Waterflood Producers minor decline 9
  10. Annual General Meeting – Prairie Provident Resources Inc. – slide 10
    WHEATLAND R21 R20W4 WAYNE AREA Current production of 400 boe/d T28 Netbacks(1) of approximately 15/boe(2) 13-35-27-21 2017 activity: Test 500 boe/d(3) 15-35-27-21 Current prod 65 boe/d Delineated oil-prone area Drilled one…
  11. Annual General Meeting – Prairie Provident Resources Inc. – slide 11
    R11 R10 R9W4 PRINCESS 01-26-20-11W4 Current prod 500 boe/d Robust Economics & Low-Risk Growth Driver T20 Current production of 1,200 boe/d of medium gravity oil 100% owned oil battery Netbacks(1) of approximately 22/boe(2)…
  12. Annual General Meeting – Prairie Provident Resources Inc. – slide 12
    POSITIONED FOR GROWTH IN 2018 Oil-weighted and low-risk asset base 2018 Guidance(1) Refocused Wheatland drilling program targeting liquids for better economics Average production (boe/d) 5,200 5,600 Attractive waterflood, Granite…
  13. Annual General Meeting – Prairie Provident Resources Inc. – slide 13
    CORPORATE RESPONSIBILITY Our People % 25 full time employees 60 60% female workforce, 40% female executive / management female representation Health, Safety and Environmental Stewardship Steward to the HSE and Regulatory Compliance…
  14. Annual General Meeting – Prairie Provident Resources Inc. – slide 14
    GOVERNANCE BEST PRACTICES Board Structure & Other Practices: 5/6 directors are independent; 100% committee independence No current directors also serve as a director of another reporting issuer (or equivalent) Annual non-slate,…
  15. Annual General Meeting – Prairie Provident Resources Inc. – slide 15
    SUMMARY OIL-WEIGHTED GROWTH ENGINE Oil & liquids focused E&P company executing a returns-based growth strategy Attractive Assets Capital Management 5,200 boe/d current production Development funded with operating cash flows 70%…

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