Why we do what we do Our Mission is to establish PONY as a low-cost supplier of clean natural gas to Canada and the world. Percentage of Global Energy Needs Oil Gas Coal Renewables Hydro Nuclear We believe: world…
Clean-Burning Natural Gas PONY supplements diesel Lowest GHG Emissions fuel with natural gas fuel for completion operations which reduces per well capital costs and lowers PONYs GHG emissions Converting coal-fired electricity 250…
Global LNG Market Demand Growth Mtpa (Million Tonnes per Annum) is a typical measurement unit in Global LNG LNG markets .for production demand forecast 500 to increase Approximate conversion: 1 mtpa = 0.132 Bcf/d 34% 57 1 Bcf/d =…
Proposed West Coast LNG & LPG Projects Game Changers LNG Projects Capacity LNG Canada Shell, Petronas, Mitsubishi, Petro- China, KOGAS 1.9 3.8 Bcf/d Phase 1 - under construction T-North Enbridge Mainline Woodfibre LNG Pacific…
LNG Canada Construction Underway Kitimat, BC Site August 2018 In 2019, the global LNG market continued to evolve according to the latest Shell LNG Outlook, with demand increasing for LNG and natural gas in power and non-power…
NEBC Montney Massive Resource Over the next 20 years, natural gas production from the Montney in BC will continue to grow and by 2040 is estimated to make up approximately 38% of Canadas total natural gas production 25 20…
Alberta Natural Gas Market Continued Demand Growth Alberta is expected to increase natural gas Natural Gas Demand (Bcf/d) 0 8.0 consumption by over 45% Significant demand growth taking place in Alberta between 2018 and 2023…
Corporate Profile TSX: PONY 2019 Average Daily Production 294 MMcfe/d (48,979 boe/d) Estimated Q1 2020 Average Daily Production 315 MMcfe/d (52,500 boe/d) 2019 2P Reserve Life Index* 64 Years 1H 2020 Capital Budget 25-30…
World Class Resource Natural Gas Pipeline Coastal GasLink Pipeline Montney Pure Play Asset The Montney is the most economic natural gas and natural gas liquids play in Canada 290 net sections (185,704 net acres) of Montney…
2020 Capital Program Disciplined Capital Investment Investing 25 - 30 million for the first half of 2020 PONY will review capital budget at mid-year to determine appropriate second half 2020 spending levels Program includes:…
Montney Pure Play Location, Location, Location North River Jedney Plant Jedney PONYs Montney Sweet Spot is: Facility Jedney 4x thicker than the Marcellus at greater than 300 Dry Liquids meters (approximately 1,000 ft.) thick…
The Sweet Spot BRITISH North Montney 6-Month Cumulative Production Volumes COLUMBIA ALBERTA North Montney 2,250,000 PONY has the best well in North Montney with 6-month average daily 2,000,000 production rate of more 60 of…
2019 Reserves 2019 Operating Netback 2019 PDP Significant Resource, Significant Value 1.66/Mcfe Recycle Ratio 2019 Future Development 2019 PDP Finding, Development = 1.3x Capital was reduced by more & Acquisition Cost than 2019…
Development Horizons Productive Montney Layers De-Risked Montney Layers Significant Unrealized Upside Across 7 Layers of Montney Resource Prospective Montney Layers Doig formation Townsend Blair Beg 1 2 3 4 5 6 Upper Montney Middle…
Canbriam Transaction Closed June 2019 Canbriam Energy sold to Pacific Oil & Gas for 1 billion Offsetting acreage analog for PONY Validates land sale prices in NEBC Montney Landholdings Painted Pony Energy (185,704 net acres)…
Land Valuation Land sales not aligned with valuation In 2019 PONY sold 8,460 net acres for 45 million or 5,319/acre, further validating value of acreage The weighted-average price per acre of land transactions in recent years for…
Market Diversification Natural Gas Physical Delivery PONY Sales / Pricing Exposure PONY Western Markets St. 2 & AECO 174 MMcf/d AECO C A N AMEDICINE D A HAT 10 MMcf/d to Methanexs Station 2 methanol plant in Alberta…
Sales Diversification PONYs Net Exposure of Physical and Financial Contracts PONY regularly adds new contracts as part of ongoing risk management through sales hub diversification 100% 11% Natural Gas Volume Net Exposure by Hub…
Transportation Firm Transportation & Toll Advantage to West Coast Enbridge T-North (St 2 or TC Energy Sunset Creek) NMML 0.24/Mcf 0.59/Mcf to Sunset Creek PONY has a net 0.35/Mcf transportation toll advantage delivering…
Historical Costs Drilling & Completions Efficiency Continued type curve As capital well costs fell, production type curves improvement with dramatically improved average Total 2P(1) well booking of 9.2 Bcfe/well Management Perf &…
Blair Long Lateral Wells Encouraging Performance Using longer laterals, PONY has the opportunity to improve 14 capital efficiency to approximately 6,000/boe/d 12 Longer lateral wells of Calendar Day Natural Gas Rate (MMcf/d)…
Single Well Economics by Area Driving Increased Capital Efficiencies Through Longer Lateral Wells Well Capital Costs Single Well Economics* IRR NPV10 Pay Out 1,800 meter lateral Daiber 1,800 m lateral 1.6 64% 6.2 mm Drilling 2.2…
ESG Environmental, Social, Governance Environmental CO2 Emissions Reduction 0.01 0.009 0.008 0.0087 PONY is committed to tonnes CO2e/boe 0.007 0.0076 reducing GHG emissions 0.006 0.0064 through deliberate actions 0.005…
ESG Environmental, Social, Governance Environmental & Social Water Optimization PONY anticipates using 100% produced / recycled water for all completion operations in 2020, a significant milestone in PONYs water conservation…
ESG Environmental, Social, Governance Governance Institutional Shareholder Services Inc. (ISS) is the worlds leading provider of corporate governance and responsible investment ratings. On a 1-10 scale where 1 is excellent and 10 is…
PONY Points Checking Off All of the Boxes Well situated to supply Canadian west coast LNG projects Diversified Market Access and Sales Points Massive reserves base Top well performance Recent adjacent transaction shows…
Appendices & Advisories
Financial Strength Term Debt and Credit Facility Provide Financial Flexibility 375 Million Syndicated Credit Facility Secured, Reserve Based Lending Matures May 2021 Syndicated 120 million drawn as at December 31, 2019 120…
Corporate Overview Auditor KPMG LLP Evaluation Engineers GLJ Petroleum Consultants Ltd. Banks The Toronto-Dominion Bank Canadian Imperial Bank of Commerce The Bank of Nova Scotia Alberta Treasury Branches Royal Bank of Canada…
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