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Corporate Presentation – Painted Pony Petroleum Ltd

Painted Pony Petroleum Ltd · Mar 4, 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 March 4, 2015 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 2.9 Tcfe (488 Mmboe) Proved Plus Probable Reserves(1) Moving…
  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 (9.17 average strike price)(1) 6.31 - 14.75 52-Week Trading…
  4. Corporate Presentation – Painted Pony Petroleum Ltd – slide 4
    Corporate Snapshot Production, Reserves & Net Asset Value 94-G-2 94-G-1 94-H-4 94-G-2 94-H-4 13,665 boe/d Q4 2014 Average Production (93% natural gas) 47% increase over Q4 2014 Average Production of 9,312 boe/d 16,000 boe/d…
  5. Corporate Presentation – Painted Pony Petroleum Ltd – slide 5
    Impressive & Consistent Reserves Growth (R) 4.91 500 5 600 Probable 6 488 Proved MMboe 400 2P Reserves Per Share 4 Reserves Per Basic Share (boe/share) 500 5 164% compound annual growth in Reserves Per Basic Share…
  6. Corporate Presentation – Painted Pony Petroleum Ltd – slide 6
    Impressive & Consistent Production Growth(P) 25,000 25,000 250 250 Gas Oil & NGL Production per Million Shares 23,000 boe/d 20,000 20,000 (5-Year 200 200 145% compound annual growth in Model) 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 (139,049 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 Alaska Highway 2015 Budget Blair 104 Estimated expenditures (millions) West Alliance 14.0 Gross and net wells planned to drill Blair Pipeline 11.0 Gross and net planned…
  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 a-A091-F (Ball-Drop) 7 100% a- 091-F ( Perf. & Plug) 90% 6 % Improvement 80% 5…
  11. Corporate Presentation – Painted Pony Petroleum Ltd – slide 11
    Improved Performance Through Technology Parallel-Pair Drilling 26-L (1) Region of Completion West 5-K (1) Enhancement Blair Blair 41-F (1) 300-350 m Inter-well Spacing 90-100 m Average 11-F (1) Fracture Stage Spacing 6-F…
  12. Corporate Presentation – Painted Pony Petroleum Ltd – slide 12
    Montney Production Curves Technology Drives Step-Change 9 Parallel-Pairs (7 Wells) 14 Bcf Type Well 8 Ball-Drop (20 Wells) 11 Bcf Type Well 7 10 Bcf Type Well (Blair-Daiber 5-year plan) Perf. & Plug (37 wells) Producing Rate…
  13. Corporate Presentation – Painted Pony Petroleum Ltd – slide 13
    Top Wells Among All Montney Operators Average Peak Month Rates for All Horizontal Montney Gas Well Operators (2013-2014) 7 140 276 Painted Pony 6 120 Average Peak Monthly Rate (MMcf/d) 5 100 4 80 Well Count…
  14. Corporate Presentation – Painted Pony Petroleum Ltd – slide 14
    Townsend Development Plan 2015 Program Development Program Economics 6.7 million (CDN) Drill, complete, and equip (2015 10%) 5.2 MMcf/d I.P.30 production rate 7 Bcf P+P reserves per well 420 Mbbl P+P reserves per well 60…
  15. Corporate Presentation – Painted Pony Petroleum Ltd – slide 15
    Montney Development Economics Townsend Flat Price Sensitivities 90% P+P reserves per well = 7 Bcf US5.00 Fl a t 80% Liquids yield = 60 bbls/MMcf NYMEX IP30 = 5.2 MMcf/d D, C, E&T cost = 6.7 MM (CDN) 70% WTI = US59/bbl FX =…
  16. Corporate Presentation – Painted Pony Petroleum Ltd – slide 16
    Blair-Daiber Development Plan 2015 Program Development Program Economics 6.7 million (CDN) Drill, complete, and equip (2015 10%) 7.0 MMcf/d I.P.30 production rate 10 Bcf P+P reserves per well 150 Mbbl P+P reserves per well 15…
  17. Corporate Presentation – Painted Pony Petroleum Ltd – slide 17
    Montney Development Economics Blair-Daiber Flat Price Sensitivities 150% P+P reserves per well = 10 / 14 Bcf Liquids yield = 15 bbls/MM 130% IP30 = 7.0 MMcf/d D, C, E&T cost = 6.7 MM (CDN) WTI = US59/bbl Parallel-Pair FX =…
  18. Corporate Presentation – Painted Pony Petroleum Ltd – slide 18
    5-Year Montney Development Model Processing Infrastructure Build-out Drives Growth 120,000 700 2019 57% compound annual 2018 production growth (2015-2019) 100,000 600 2017 Production (MMcfe/d) and Cumulative Well Count…
  19. Corporate Presentation – Painted Pony Petroleum Ltd – slide 19
    5-Year Montney Development Model Cash Flow Growth 700 Cash Flow 647 647 647 CAPEX 600 Cash Flow and CAPEX ( millions) 590 Free Cash Flow 523 523 523 500 495 435 435 435 400 416 400 348 300 287 287 287 297 280…
  20. Corporate Presentation – Painted Pony Petroleum Ltd – slide 20
    Painted Pony AltaGas Strategic Alliance Key Provisions Initial 15-Year strategic alliance with AltaGas Ltd., for natural gas and natural gas liquids (NGL) processing, marketing and transportation Liquids-Rich Natural Gas Processing…
  21. Corporate Presentation – Painted Pony Petroleum Ltd – slide 21
    Painted Pony AltaGas Strategic Alliance Key Facilities Townsend Liquids-Rich Gas Processing Alaska Highway New Townsend Facility: Major new shallow-cut facility 198 MMcf/d gross capacity West Blair Blair Alliance PPY has secured…
  22. Corporate Presentation – Painted Pony Petroleum Ltd – slide 22
    Proposed West Coast LNG Projects A Long Call Option for PPY Gas Selected Export Canadian LNG Projects Capacity British Fort Nelson Proposed Shell LNG Canada TransCanada Columbia Petronas In-service 2019 3.2 Bcf/d Proposed PPY…
  23. Corporate Presentation – Painted Pony Petroleum Ltd – slide 23
    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 gas wells Proven low…
  24. Corporate Presentation – Painted Pony Petroleum Ltd – slide 24
    Appendices & Disclosures 24
  25. Corporate Presentation – Painted Pony Petroleum Ltd – slide 25
    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…
  26. Corporate Presentation – Painted Pony Petroleum Ltd – slide 26
    Dec. 31, 2014 Canadian Natural Gas Reserves 8,000 7,000 Canadian Natural Gas 2P Resrves (Bcf) 6,000 5,000 4,000 3,000 2.6 Tcf 2,000 1,000 0 Source: Company press releases and Annual Information Forms. * KEL +…
  27. Corporate Presentation – Painted Pony Petroleum Ltd – slide 27
    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)…
  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, 2014, Painted Ponys P+P reserves were 488.4 MMboe and there were 99.5…

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