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CORPORATE PRESENTATION – Painted Pony Petroleum Ltd

Painted Pony Petroleum Ltd · Jan 5, 2015 · 32 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. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 1
    Corporate Presentation January 5, 2015 TSX : PPY paintedpony.ca 1
  2. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 2
    Growing a Premier Natural Gas Asset Focus on Montney Natural Gas in Northeast British Columbia: Successfully assembled, explored and de-risked a massive resource play 41.9 Tcf of Petroleum Initially-In-Place (PIIP) on PPY lands(1)…
  3. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 3
    Corporate Snapshot Financial TSX: PPY PPY is included in the TSX Composite Index 99.5 million Shares Outstanding(1) 107.6 million Fully Diluted Shares Outstanding (9.16 average strike price)(1) 6.70 - 14.75 52-Week Trading Range…
  4. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 4
    Corporate Snapshot Production, Reserves & Net Asset Value 14,283 boe/d Q3 2014 Average Production (91% natural gas) 60% increase over Q3 2013 Average Production of 8,925 boe/d 1.7 Tcfe Proved + Probable Reserves Dec. 31, 2013(1)…
  5. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 5
    Impressive & Consistent Reserves Growth(R) 350 3.28 3.50 Probable Reserves Proved Reserves 300 P+P Reserves Per Share 3.00 Reserves Per Share (boe/Share) 290.3 2.17 mmboe 250 2.50 145% compound annual growth in Reserves…
  6. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 6
    Impressive & Consistent Production Growth(P) 50,000 500 Oil & NGL Gas 45,000 450 Production per Million Shares 40,000 46,000 400 146% compound annual growth in boe/d (5-Year Model) 35,000 350 production from 2007 to…
  7. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 7
    The Montney Trend in Western Canada A Leading North American Gas Play Key Attributes Tight dolomitic siltstone reservoir Better reservoir than a shale 300 meters (1,000 ft.) thick 4x Thicker than the Marcellus Continuous…
  8. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 8
    Painted Ponys Montney Position Premium Assets Located in the Optimum Area Key Attributes Large contiguous land base with year-round access 217 Net sections (139,075 net acres) 2nd Largest position in northern Montney west of…
  9. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 9
    Substantially De-Risked Moving into Development Phase 2014 Forecast Alaska Highway 274 Estimated expenditures (millions) Blair 3 Rigs currently active West 20.5 Net wells planned to drill Blair Alliance Pipeline 5 miles…
  10. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 10
    Improved Performance Through Technology Open-Hole Ball-Drop Completions PPY-operated Ball-Drop Completions Ball-Drop vs. Perf & Plug Completions Comparison 8,000 100% a-A91-F/94-B-09 (Ball-Drop) 90% 7,000 a-91-F/94-B-09 (Perf &…
  11. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 11
    Improved Performance Through Technology Parallel-Pair Drilling Parallel well pair Combined test rates 41-F pad 20.8 MMcf/d Region of Completion Enhancement West Blair Parallel well pair Combined test rates 300-350 m Blair 11-F…
  12. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 12
    Montney Production Curves Technology Drives Step-Change 9 PPY Average Montney Well Production Parallel-Pairs (4 wells) 8 Ball-Drop Completions (12 wells) All PPY Montney Wells (49 wells) 7 10 Bcf Type Well Producing Rate…
  13. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 13
    Townsend Development Plan 2014 & 2015 Program Development Program Economics 7.2 million Drill, complete, and equip 5.2 MMcf/d I.P.30 production rate 7 Bcf P+P reserves per well 420 Mbbl P+P reserves per well 60 bbls/MMcf Liquids…
  14. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 14
    Montney Development Economics Townsend Flat Price Sensitivities 70% US3.00 NYMEX P+P reserves per well = 7 Bcf US95 WTI Liquids yield = 60 bbls/MMcf US5.00 Fl a t US0.90/C IP30 = 5.2 MMcf/d NYMEX 60% D, C, E&T cost = 7.2 MM WTI…
  15. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 15
    Blair-Daiber Development Plan 2014 & 2015 Program Development Program Economics 7.2 million Drill, complete, and equip 7.0 MMcf/d I.P.30 production rate 10 Bcf P+P reserves per well 150 Mbbl P+P reserves per well 15 bbls/MMcf…
  16. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 16
    Montney Development Economics Blair-Daiber Flat Price Sensitivities 90% P+P reserves per well = 10 Bcf US5.00 Fl a t Liquids yield = 15 bbls/MM 80% IP30 = 7.0 MMcf/d NYMEX D, C, E&T cost = 7.2 MM WTI = US59/bbl flat 70% FX =…
  17. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 17
    5-Year Montney Development Model Processing Infrastructure Build-out Drives Growth 120 69% compound annual 100,000 boe/d Projected production growth 2014-2018 in Q1-2018 100 Additional Liquids Refrigeration, Plus LPG Fractionation…
  18. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 18
    5-Year Montney Development Model Cash Flow Growth US4.00 Henry Hub (MM) 2014 2015 2016 2017 2018 1,000 Cash Flow 97 127 311 527 676 CAPEX 274 295 499 696 791 YE Debt 4 163 348 521 645 Cash Flow and CAPEX ( millions) 800 676…
  19. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 19
    Painted Pony AltaGas Strategic Alliance Key Provisions Initial 15-Year strategic alliance with AltaGas Ltd., for natural gas & natural gas liquids (NGL) processing, marketing & transportation. Liquids-Rich Natural Gas Processing…
  20. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 20
    Painted Pony AltaGas Strategic Alliance Townsend Area Facilities Townsend Liquids-Rich Gas Processing Alaska Highway New Townsend Facility: Major new shallow-cut facility 198 MMcf/d gross capacity PPY has secured a minimum 150…
  21. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 21
    Proposed West Coast LNG Projects A Long Call Option for PPY Gas Selected Export Canadian LNG Projects Capacity Shell LNG Canada Proposed British Fort Nelson In-service 2019 3.2 Bcf/d TransCanada Columbia Petronas Petronas…
  22. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 22
    Painted Pony Petroleum The Best Pony in the Race Premier Montney Asset Base Large, contiguous land position with year-round access, located 100% in B.C. High working interest with operatorship High-rate, liquids-rich, sweet natural…
  23. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 23
    Appendices & Disclosures 23
  24. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 24
    Analyst Coverage Institution Analyst AltaCorp Capital Jeremy McCrea Canaccord Genuity Corp. Anthony Petrucci CIBC World Markets Adam Gill Cormark Securities Inc. Garett Ursu FirstEnergy Capital Cody Kwong GMP Securities…
  25. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 25
    Natural Gas Hedging: Risk Management Strategy 23.7 MMcf/d average fixed AECO price of 4.14/Mcf in Q4 2014 37.9 MMcf/d average fixed AECO price of 4.38/Mcf in Q1 2015 25
  26. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 26
    Montney - The Canadian Marcellus Similar Play Area - But 4x Thicker with Better Initial Declines Montney Fairway Proposed West Coast The Marcellus: A true shale reservoir. LNG Export Sites Western Canada 70 meters (up to 225 ft)…
  27. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 27
    Buckinghorse Shale Sweet Gas Resource Play Above the Montney 60 Bcf/section per 100 m thickness* 800 m thick on PPY lands Vertical well development at 16-32 800 m wells/section Zone is shallow, 400 m (1,300 ft) TVD low cost…
  28. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 28
    Strategic Alliance with AltaGas AltaGas Corporate Profile Calgary-headquartered, Canadian natural gas mid-streamer Currently processing more than 2 Bcf/d natural gas and 70,000 bbls/d NGL Owns over 1,100 km of gas and NGL…
  29. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 29
    Strategic Alliance with AltaGas Marketing Opportunities AltaGas becomes PPYs Primary Natural Gas and NGL Marketer Market-Competitive Product Pricing AltaGas commits to seeking transactions at sales prices greater than comparable…
  30. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 30
    Canadas Proposed West Coast LNG Projects Chevron Approved Pipeline 42 30
  31. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 31
    PPY Corporate Overview Legal Burstall Winger Zammit LLP Auditor KPMG LLP Evaluation Engineers GLJ Petroleum Consultants Ltd. Banks National Bank of Canada Alberta Treasury Branch Canadian Imperial Bank of Commerce The Bank of…
  32. CORPORATE PRESENTATION – Painted Pony Petroleum Ltd – slide 32
    Endnotes R: Reserves per share are calculated by dividing P+P reserves by million basic weighted average shares during the year. For the year ended December 31, 2013, Painted Ponys P+P reserves were 290.3 MMboe and there were 88.4…

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