TSX-V: PXL www.palliserogc.com CORPORATE PRESENTATION MAY 28, 2014
Corporate Strategy Top Quartile ROI A heavy oil focused producer with a strong team experienced in growing through the drill bit and acquisitions Palliser strives to achieve top quartile ROI Stable production 99% heavy oil Q1 2014…
CORPORATE SUMMARY GREATER LLOYDMINSTER CORE PROPERTIES 100% working interest and operatorship Production base of 1,800 boe/d (99% heavy oil) Palliser has developed High Volume Lift (HVL) techniques and the infrastructure needed to…
Management and Directors MANAGEMENT DIRECTORS Kevin J. Gibson, P. Geol President & CEO Daryl Fridhandler, ICD, QC* Chairman 37 yrs experience Innova; Western Star; Rio Alto; Grad & Walker; ARCO Kevin J. Gibson, ICD, P. Geol…
CORPORATE PROFILE COMMON SHARE INFORMATION TSX Venture exchange listed PXL Shares issued and outstanding Basic 63.9 million Diluted 64.6 million Officers and directors ownership Basic 6% Diluted 9% FINANCIAL / OPERATING Credit Facility…
HISTORICAL PRODUCTION / CAPITAL / F&D PRODUCTION HISTORY CAPITAL EXPENDITURE HISTORY 2 500 16 45 Other CapEx 14 40 SWD Infrastructure 2 000 35 12 Production Per Share (thousands) Capital Expenditures (/mm) Average Production…
Heavy Oil Focus North American Oil and Natural Gas Plays Palliser Greater Lloydminster Area Half-Cycle Payout at Current Strip Prices Core Properties + Lloydminster Vertical 6miles Source: Peters & Co. Limited estimates based on a…
Greater Lloydminster Area Characteristics Alberta Saskatchewan SUMMARY 100% working interest and 100% operated Vertical wells Lloydminster Shallow drill depths (400 700 m) Edam Low drilling and equipping costs (625,000/well) Year round…
FINANCIAL AND OPERATIONAL SUMMARY 2012 Actual 2013 Actual Revenue /boe 61.18 67.41 Realized Hedging Gain / (Loss) /boe 4.81 (1.61) Royalty Rate % 23% 25% Royalty Expense /boe 14.26 16.79 Production & Operating Expense /boe 21.81…
OIL MARKETING BY RAIL AND OIL HEDGES OIL MARKETING BY RAIL Production % of Initiated oil marketing by rail in September 2012 Marketed by Rail Total (bbl/d) Oil marketing by rail to the Gulf Coast is resulting in a significant…
CHOPS AND HVL DOUBLING HEAVY OIL RECOVERIES CHOPS DOUBLE TANK SYSTEM / SINGLE WELL BATTERY CHOPS typically recovers 7-10% of original oil in place CHOPS wells are typically shut-in and abandoned due to high water cuts after primary…
CHOPS HVL PODs AND HVL ECONOMIC ASSUMPTIONS CHOPS VERTICAL WELL ECONOMIC ASSUMPTIONS Total vertical well cost - 625,000 (equipped with 2 tanks) 1st year stabilized production of 40 bbl/d (15,600/bbl/d) Reserves per well of 55 mbbl…
CHOPS AND HVL FULL PHASE ECONOMICS ILLUSTRATIVE SINGLE WELL PRODUCTION PROFILE ECONOMICS CHOPS HVL CHOPS HVL 55,000 bbls 90,000 bbls Total Phase Phase 100 100 Water Cut % Wellhead1,2 /bbl 68.60 68.60 68.60 90 90 Op Cost1 /bbl 19.37…
HEAVY OIL INVENTORY LOCATIONS & CONTINGENT RESOURCES BOOKED LOCATIONS UNBOOKED LOCATIONS UNBOOKED CONTINGENT (Sproule 2013 year-end) RESOURCES Location Location Total Total Area CHOPS HVL CHOPS HVL Contingent Contingent Booked…
Edam West Central Saskatchewan EDAM HEAVY OIL AREA Q1 2014 Production 525 bbl/d Targets Waseca, Sparky, GP CHOPS Inventory Locations 9 HVL Inventory Locations 40 Total Inventory Locations 49 Undeveloped land 6,191 net acres 100%…
Lloydminster - East Central Alberta LLOYDMINSTER HEAVY OIL AREA Q1 2014 Production 660 bbl/d 100% 100% Working Interest WI Interest Wells Land. Land held under Targets Colony, Sparky, broker may be excluded. GP CHOPS Locations 23 1…
Manitou Lake West Central Saskatchewan MANITOU LAKE HEAVY OIL AREA 100% 100% Working Interest WI Interest Wells Q1 2014 Production 665 bbl/d Land. Lands held under broker may be excluded. Targets Colony, McLaren, Sparky, Lloyd Alberta…
OPPORTUNITY SUMMARY PALLISER OPPORTUNITY HIGHLIGHTS 100% working interest and operatorship Production base of 1,800 boe/d (99% heavy oil) Nine 100% WI SWD facilities provide 87,000 bbl/d of salt water disposal capacity and significant…
Appendix Analyst Contact List Company Analyst Main Phone Acumen Capital Trevor Reynolds (403) 571-0300 Octagon Capital Corporation Nav Malik (416) 368-3322 Paradigm Capital Inc. Ken Lin (403) 513-1025 PI Financial Corp. Alistair Toward…
Corporate Information Suite 600, 255 - 5th Avenue SW Calgary, Alberta T2P 3G6 www.palliserogc.com Kevin J. Gibson Ivan J. Condic, VP Finance & Chief Executive Officer Chief Financial Officer Phone: 403-209-5717 Phone: 403-209-5718…