CURRENT SNAPSHOT CORPORATE PROFILE Listing TSX-V: PNE Shares Issued 201.5 million Market Capitalization(1) 298.2 million Directors and Officers Ownership 18.4% 2014 Production Guidance 6,100-6,500 boe/d Corporate Decline Rate 12% 2014…
A VALUE DRIVEN FOCUS The Pine Cliff team has an exceptional track record of delivering superior long-term results for stakeholders We have a long-term view of value creation, therefore our focus is to acquire assets that are out of…
A UNIQUE, COUNTER-CYCLICAL STRATEGY BUILDING A FAMILIAR MODEL Pine Cliffs Chairman and largest shareholder, George Fink, served the same roles with both Bonterra Energy and Comaplex Minerals Five out of six of Pine Cliffs Board of…
A FOCUS ON HIGH RETURN ASSETS ASSEMBLING A PORTFOLIO OF HIGH-QUALITY PROPERTIES FOR LONG-TERM VALUE 2014 continues to look like a strong buyers market Disposition processes have been announced by Encana, Devon, Talisman, Penn West,…
KEY MILESTONES 328,000,000 Market Cap Share Price Closed acquisition of Closed common 1.57 Realized its security and additional Southern AB assets share offering for became the sole and operatorship for 13.3 gross proceeds of Phil…
INCREASED VALUE TO SHAREHOLDERS Sales Volumes (boe/d) 7,000 6,000 172% 5,000 increase in daily 4,000 production per share(1) 3,000 2,000 1,000 - 281% increase in funds flow from Funds Flow From Operations operations per…
INNOVATIVE & ACCRETIVE ACQUISITIONS CARROT CREEK MARCH 2012 950 boe per day of liquid rich gas production with multi-zone drilling inventory and key infrastructure in area 23.5 million cash purchase Acquisition metrics: 21,400 boe/d;…
2014 GUIDANCE 2014 Capital Budget and Guidance Capital budget of 13.6 million 7 gross (1.9 net) wells planned in Carrot Creek and 1 gross (0.15 net) wells planned in Sundance 6,100-6,500 boe per day (94% natural gas) -9-
CARROT CREEK CORE AREA Multi-Zone Area Targeting Fernie Sand, Gething/Ellerslie, Lower Mannville, Notikewin, Ostracod, Rock Creek, Viking and Wilrich Average Working Interest 56%; Production is 90% operated Land 35,360 gross…
SOUTHERN ALBERTA CORE AREA Multi-Zone Area Targeting upper Cretaceous Milk River, Medicine Hat and Second White Specks Average Working Interest 94% Land 459,750 gross acres (434,005 net acres) Low Decline Rate Low Cost…
HIGHLY LEVERAGED TO NAT GAS PRICING Annual Funds Flow Per Share Funds flow per share outstanding (annualized) LEVERAGE 0.16 Pine Cliff is one of the highest leveraged Funds Flow per share outstanding Q4-2013: 0.14 Gas price of…
PINE CLIFF VS. NATURAL GAS 70% Pine Cliff Natural Gas (NYMEX) 60% 45% 30% 15% -5% -20% April July October 2014 March Source: TSX Market Data / Thomson Reuters Pine Cliffs stock price has served as a…
NATURAL GAS OUTLOOK U.S. Dry Natural Gas Consumption by Sector U.S. Natural Gas Demand Growth in (2005-2040) (trillion cubic feet) Electric Power Sector bcf/d 5.0 4.3 4.0 Forecast 3.0 2.1 1.9 2.0 2.0 1.3 0.9 1.0 0.5 - -1.0…
NATURAL GAS OUTLOOK Year over Year Natural Gas Demand Growth 4.0 14 12 Cum Nat Gas Demand Growth (bcf/d) YoY Nat Gas Demand Growth (bcf/d) 3.0 10 8 2.0 6 4 1.0 2 0.0 0 2011 2012 2013E 2014E 2015E 2016E 2017E…
WHY INVEST IN PINE CLIFF Debt free; balance sheet strength allowing flexibility for future transactions Proven track record of delivering superior long-term results for shareholders High-quality assets with low operating costs and low…
APPENDIX RESERVE REPORT (1) Summary of Remaining Oil and Gas Reserves as of December 31, 2013 Natural Gas (Non-associated Natural Gas Light and Medium Oil and associated) Liquids Total Oil Equivalent Gross Net Gross Net Gross Net…
APPENDIX ANALYST COVERAGE The following analysts provide research report coverage on Pine Cliff: COMPANY ANALYST AltaCorp Capital Don Rawson Canaccord Genuity Anthony Petrucci Clarus Securities Inc. Robert Par FirstEnergy…
CORPORATE INFORMATION BOARD OF DIRECTORS HEAD OFFICE STOCK EXCHANGE LISTING Gary J. Drummond 850, 1015 4th Street SW TSX Venture Exchange George F. Fink Calgary, Alberta T2R 1J4 Trading Symbol: PNE Philip B. Hodge Phone: (403) 269-2289…
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