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AGM Investor Presentation – Peyto Exploration & Development Corp

Peyto Exploration & Development Corp · May 19, 2010 · 36 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. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 1
    AGM May 19, 2010 TSX: PEY.UN www.Peyto.com Current Distribution: 0.12/month 120,982,602 units outstanding 10.5% yield on May 17/10 closing
  2. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 2
    Corporate Governance We will be candid in our reporting, emphasizing the pluses and minuses important in appraising business value. Our guideline is to tell you the business facts that we would want to know if our positions were…
  3. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 3
    The Peyto Strategy 11 Y Year T Track kRRecord d Prospect Generation Reserves Growth NAV Growth Profit Sharing (BCFe) (NPV5 Debt Adj/Unit) 1999 2000 2001 1999 1999 2002 2000 2000 2003 2001 2004…
  4. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 4
    Com mpound Annual TTotal Return L 0% 100% 10% 20% 30% 40% 50% 60% 70% 80% 90% Largest Osisko Exploration Dec99 heaton Corp. Silver Wh Source: BMO Capital Markets Peyto Enerrgy Trust Pacific Rubialees…
  5. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 5
    The Peyto Strategy M i M Margins Matter tt 100% 90% 80% enue 70% Margin as % of Reve 74% Operating 60% Margin 50% 40% 30% 56% Profit Margin 20% 10% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009…
  6. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 6
    The Peyto Strategy M i - Industry Margins I d t Comparison C i Q4 2009 Operating Margin 80% 70% 60% 50% 40% 30% 20% 10% 0% 6 Operating Margin Cashflow divided by revenue (both before hedging effects). 6/4/2010
  7. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 7
    The Peyto Strategy Hi hR High t Returns on C it l and Capital dE it Equity 60% 250 50% 41% 200 Ave ROE 40% 150 30% 21% Ave 100 ROCE 20% 50 10% 0% 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Return…
  8. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 8
    Peytos Production O Organic i PProduction d ti G Growth th 200,000 1,200 180,000 1,000 160,000 ns MM 140,000 Cumulattive distribution 800 Converted C t d uction (mcfe/d) 120,000 to a Trust 100,000 600…
  9. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 9
    Peytos Deep Basin Focus G Generall A Area off O ti Operations M Map 227,000 net acres R10 R8 R6 R4 R2W6 R27 R25 R235 operated R21 gas plants R19 R17 R15 R13W5 T64 750 km pipelines T64 600 producing wells C G F F CF…
  10. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 10
    Peytos Deep Basin Focus M lti l V Multiple Vertical ti l /H /Horizontal i t lTTargets t Sundance Area Reservoirs 12 10 6/4/2010
  11. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 11
    Tight Gas Resource Plays H i t l MSF Pil Horizontal Pilott P j t Projects 11 6/4/2010
  12. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 12
    Cardium Resource Play H i Horizontal t l MSF Pil Pilott 1 C di Cardium Gas G Fairway F i Pilot Project 1 Sundance Cardium 4,000 sq miles up to 65 TCF Gas in Place1 2-3 TCF developed to date E Peyto Cardium Rights 400…
  13. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 13
    Cardium Resource Play C di Cardium T Type L Log and dRReserves Volumetric Reserves AREA(Ha)= 256 (1 section) 23m Gross thickness H(m)= 15 15m Net Pay (using POROSITY(%)= 9 6% porosity cutoff) SW(%)= 18 TEMP.(Deg.C)= 80…
  14. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 14
    Cardium Resource Play Pilot Project 1 Sundance Cardium R23 R22 R21 R20 R19W5 W FFUUF F A U F U FL FU G CG F F G G C W F F C FF F F F FF D24 F U F U F F C F 24 G F 19 U F F W E 24 L G G G UV V F F F FC 21 F UG UF UF…
  15. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 15
    Cardium Resource Play N Normalized li d CCardium di P Production d ti Vertical V ti l vs. H Horizontal i t l Average Vertical Last 10 years 10,000 Average Vertical Last 5 years 2-5 times i i i l rate initial on…
  16. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 16
    Cardium Resource Play E Economic i CComparison i Vertical V ti l vs. H Horizontal i t l 8,000 Ave Cardium Vertical last 5 yrs (00/132005522W5/0) 7,000 00/021505521W5/0 Cardium HZ (1329m) 00/082205521W5/0 Cardium HZ (1043m)…
  17. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 17
    Cardium Horizontal Development P t ti l L Potential Locations ti R9 R7 R5 R3 R1W6 R26 R24 R22 R20 R18 R16W5 F CF F FFF G CE G JF G FC ED F AEF AF C F G FF FCF KKGF CIK CGFCF CF D CL GC G FGFA G E G G G G CG L GF CG ECF F GF…
  18. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 18
    Notikewin Resource Play H i Horizontal t l MSF Pil Pilott 2 Peyto Notikewin Mineral Rights 18 6/4/2010
  19. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 19
    Notikewin Resource Play T Type L 1 Log 1-20-54-22W5 20 54 22W5 28m Gross Pay Volumetric Reserves 19m Net Pay AREA(Ha)= 256 (1 section) H(m)= 19 23m Gross Pay POROSITY(%)= 8 16m Net Pay SW(%)= 35 TEMP.(Deg.C)= 96…
  20. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 20
    Notikewin Resource Play Pilot Project 2 Greater Sundance Notikewin R23 R22 R21 R20 R19W5 U WF DV F U U F G F F C F W G E Peyto Pine Ck 14-7-56-17W5 L GG FG IC F F FF FF F U F F C G UV F G F F FVU F F F UG F F G F FF F UF…
  21. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 21
    Notikewin Resource Play N Normalized li d NNotikewin tik i P Production d ti Vertical V ti l vs. H Horizontal i t l 10,000 Average Vertical Notikewin 00/080305621W5/0 00/062705422W5/2 Notikewin HZ (943m) 00/101505422W5/0…
  22. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 22
    Notikewin Resource Play E Economic i CComparison i Vertical V ti l vs. H Horizontal i t l Average Vertical Notikewin 00/080305621W5/0 10,000 00/101505422W5/0 00/10 15 054 22W5/0 Notikewin HZ (796m) Notikewin HZ (796m) Hi h…
  23. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 23
    Wilrich Resource Play H i Horizontal t l MSF Pil Pilott 3 Nosehill Project Area Peyto Wilrich Mineral Rights 23 6/4/2010
  24. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 24
    Wilrich Resource Play T Type L 7 Log 7-5-56-20W5 5 56 20W5 Volumetric Reserves AREA(Ha)= 256 (1 section) JET 2825 H(m)= 16 FRAC 23m Gross Pay (-1578.4) POROSITY(%)= 8 16m Net Pay SW(%)= 35 TEMP.(Deg.C)= 98 PRES.(kPa)=…
  25. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 25
    Wilrich Resource Play Pilot Project 3 Nosehill Wilrich R21 R20 R19W5 F G F U 29 28 27 F 26 25 30 29 F28 K 27 26 25 30 29 28 27 26 F F C Peyto 14-05-56-20W5 F G J I EE E F F G F F G G C E Wilrich Horizontal F F CG E…
  26. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 26
    Wilrich Resource Play N Normalized li d Wilrich Wil i h Production P d ti Vertical V ti l vs. H Horizontal i t l 10,000 Average Wilrich Vertical 00/022605520W5/0 00/132505520W5/0 Wilrich HZ (1500m) 00/120505620W5/0…
  27. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 27
    Wilrich Resource Play E Economic i CComparison i Vertical V ti l vs. H Horizontal i t l 9,000 Average Wilrich Vertical 00/022605520W5/0 Average Wilrich Vertical 00/02 26 055 20W5/0 8,000 00/132505520W5/0 Wilrich HZ (1500m)…
  28. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 28
    Wilrich Resource Play H i Horizontal t lDDevelopment l tOOpportunities t iti Peyto HZ Wilrich Locations (138) HZ Wilrich On Production (2 Gross, 1.5 net) HZ Wilrich PUD Locations ((19 9ggross, oss, 18.70 8 0 Net) et)…
  29. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 29
    Other Resource Plays H i Horizontal t l MSF Pil Pilott 4 and d on 29 6/4/2010
  30. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 30
    Technical Challenges H i Horizontal t l MSF Di Directional ti l Drilling D illi Geo-steer down to Geo-Steering & Drilling Hazards avoid popping out of sand. Once out is difficult to get back down. drape Geo-steer down…
  31. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 31
    Logistical Issues S Summer vs. Wi t C Winter l ti Completions 31 6/4/2010
  32. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 32
    Tight Gas Resource Plays H i Horizontal t l MSF Pil Pilott P Projects j t Our O Conclusions C l i Its still early Results so far are veryy encouraging g g Optimization work yet to happen More zones to be tested Abilit…
  33. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 33
    Turning Upside into Value P t Full-Cycle Peyto F ll C l G Gas S Supply l CCostt 10 10 s Price (/mcffe) cf) 8 8 s Price (/mc 6 6 Cnd/mcf Before AECO Monthly Gas Realized Gas Tax Profit (46% ave) 4 4 PDP…
  34. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 34
    Full Cycle Supply Cost I d t Comparison Industry C i 2009 Low Cost Producer 100% s Cash+FDA PP (/boe) / Tottal Revenue 90% 80% 70% 60% boe) 50% (/b 40% 30% 20% Total Costs 10% 0% 34 6/4/2010
  35. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 35
    2010 Outlook Increased Capital Budget Capital p Expenditures p (225 - ( 250 million before DRC)) Drill & Re-Enter New Gas Locations (Hz and Vert.) Expand Gas Gathering & Processing Infrastructure Expand Undeveloped…
  36. AGM Investor Presentation – Peyto Exploration & Development Corp – slide 36
    2011 Outlook Evolving Corporate Structure 500 Peyto Exploration Peyto Energy Millions Peyto Energy and Development Corp. Trust 450 Corp. 400 Growth + Growth E&P Growing Trust Optimized Profit Income E&P Sharing 350…

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