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Investor Showcase (Calgary) – Peyto Exploration & Development Corp

Peyto Exploration & Development Corp · Nov 21, 2012 · 28 slides

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Slides

  1. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 1
    Peyto Exploration and Development Corp November 21, 2012 SEPAC Investor Showcase (Calgary)
  2. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 2
    Presentation Summary Things to Look For Today 1. VERY LOW COST OF PRODUCTION 2. VERY LOW COST OF SUPPLY 3. PROVEN TIGHT SANDSTONE RESERVOIRS 4. REPEATABLE WELL RESULTS WITH SOLID RETURNS 5. 11 YEAR LOCATION INVENTORY AND…
  3. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 3
    Peyto Profile N TSX Listing: PEY N Monthly Dividend: 0.06/share N Shares Outstanding: 144 million (5% insider ownership) N Current Production:(mid-Nov, 2012) 306 MMcfe/d (51,000 boe/d) N Net Debt: (end Q3, 2012) 683.5…
  4. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 4
    Peytos History Over 13 Years of Successful Growth 350 E&P Royalty Trust E&P November 306 MMcfe/d 51,000 Boe/d 300 250 200 MMcfe/d 150 100 50 0 2000 2001 2002 2003 2004 2005 2006 2007 2089 2010 2011 2012…
  5. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 5
    Peytos Proven Performance A History of Value Creation 60% 10 9 50% 8 7 40% 6 12 yr Average ROE 30% 5 4 20% 3 2 10% 12 yr Average ROCE 1 0% 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Return On Capital…
  6. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 6
    Peytos Proven Performance Industry Leading Peer Comparatives 7 11/21/2012
  7. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 7
    Peyto Core Area Focus 306 MMcfe/d (51,000 boe/d) Nov, 2012 R11 R9 R7 R5 R3 R1W6 R26 R24 R22 R20 R18 R16W5 T65 T65 Cutbank Waskahigan 626 net sections T63 T63 1353 net zone-sections 228 net zone-sections reflected in reserves…
  8. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 8
    Peytos Recent Production Growth Tight Gas Horizontal Wells 75 net wells (est) 400 431 MM Capex (excl A&D) 100MM growth NOI 2012 Exit 17,000/boed (before NOI) 342 Mmcfe/d 13,100/boed (after NOI) 57,000 Boe/d 350 62 net wells…
  9. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 9
    Peytos Focus on Costs An Enduring Company Value 10 11/21/2012
  10. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 10
    Peytos Profitable Business Build and produce it for less than we sell it Land 25MM PEY 2011A Seismic 3MM Drilling 175MM PDP FD&A Compl. 104MM /mcfe (2.12) Wellsite Facilities 32MM 40MM 379MM PDP Reserves (before Prod.) 29.8…
  11. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 11
    Peytos Profitable Business Sustaining Profit through the 2012 Low Price PEY 2012 (to Q3) 2011 PDP FD&A /mcfe (2.12) Use 2011 FD&A as proxy based on similar well results. Cash Costs (1.03) Royalties (0.31) Opex (0.32)…
  12. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 12
    Peytos Low Cost Advantage Profitable Through the Low Price Swings 2008 2009 2010 2011 2012 To Q3 PDP FD&A /mcfe (2.88) (2.27) (2.11) (2.12) Approx.(2.12) Cash Costs /mcfe (3.01) (1.75) (1.63) (1.35) (1.03) Sales Price /mcfe 9.55…
  13. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 13
    Peytos Inventory of Opportunities The Key to Ongoing Value Creation 14 11/21/2012
  14. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 14
    Peytos Assets Applying Hz Technology to Tight Deep Basin Sands Up to per section 15 *NGL recoveries can increase by up to 15 bbl/mmcf with deeper cutting processing facilities 11/21/2012
  15. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 15
    Peytos Assets Large Hz MSF Inventory Done To Do Total Total Total Total Vertical Hz Hz Hz Locations Wells Wells Locations Unbooked Booked* 432 48 200 57 5 1 6 10 1 2 2 12 90 40 44 84 7 13 12 49 13 22 99 14 93 83 117…
  16. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 16
    Peytos Cardium Horizontal Wells Average Production Profile by Year 3,000 Location Inventory Cardium Well Economics Capital: 4.3 million/well 257 locations IP: 2.0 MMcfd raw (Yr.1 - 600 Mcfd) 200 booked (InSite, 2011YE) Reserve:…
  17. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 17
    Peytos Notikewin Horizontal Wells Average Production Profile by Year 6,000 Location Inventory Notikewin Well Economics Capital: 4.7 million/well 128 locations IP: 4.0 MMcfd raw (Yr.1 - 1.3 MMcfd) 44 booked (InSite, 2011YE)…
  18. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 18
    Peytos Falher Horizontal Wells Average Production Profile by Year 6,000 Location Inventory Falher Well Economics Capital: 4.8 million/well Upper MIddle IP: 4.0 MMcfd raw (Yr.1 - 1.1 MMcfd) Reserve: 2.9 Bcf raw 5,000 Locations 61…
  19. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 19
    Peytos Wilrich Horizontal Wells Average Production Profile by Year 6,000 Location Inventory Wilrich Well Economics Capital: 4.8 million/well 200 locations IP: 4.0 MMcfd raw (Yr.1 - 1.3 MMcfd) 83 booked (InSite, 2011YE) Reserve:…
  20. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 20
    Peytos Type Well Economics IRR Sensitivity to Flat Price Cases Well Internal Rate-of-Return 45.0 40.0 35.0 30.0 Rate-of-Return 25.0 20.0 15.0 Cardium 10.0 Falher 5.0 Wilrich Notikewin 0.0 2.00 3.00 4.00…
  21. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 21
    Full Cycle IRR (%) 0 10 20 30 40 50 60 70 80 90 100 100/131805521W5/00 100/041605621W5/00 102/093005421W5/00 100/021805905W6/00 100/081705702W6/00 100/121505422W5/00 100/120305622W5/00 37%…
  22. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 22
    Peytos Focus on Capital Costs Year-Over-Year Well Cost Improvements Cardium HZ Notikewin / Falher HZ Wilrich HZ 5,000 Drilling (M) 4,000 3,000 2,000 1,000 - 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012…
  23. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 23
    Peytos Assets Liquids Rich Natural Gas Peyto Q3 2012 Realized Prices Natural Gas 2.08/GJ** Ethane C2H6 7/bbl = 2.45/GJ* Propane C3H8 20/bbl = 4.86/GJ Liquid Conversion Existing Cheap Deep Cut Butane C4H10 58/bbl = 13.00/GJ…
  24. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 24
    Peytos Natural Gas Business CNG Fuel Station - Optimizing the Annual Energy Inputs Operating Personnel Vehicles Drilling Rig Power - 750,000 litres diesel per rig per year 657,000 litres diesel per year - 375,000 litres exchangeable…
  25. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 25
    2013 Outlook Biggest Year Ever Drill (100% Hz Wells, Liquids Rich Natural Gas) Expand & Extract Increase Processing Capacity & NGL Yield Increase Undeveloped Land Base Shoot Seismic 2013 Capital Program Acquire Additional…
  26. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 26
    2013 Outlook Continued Counter Cyclical Growth 62,000-67,000 boed 70,000 70,000 57,000 boed 60,000 60,000 50,000 50,000 40% CAGR 40,000 (35%/share) 40,000 BOED 30,000 30,000 Base decline 34% 20,000 20,000 Base…
  27. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 27
    PEY.TO Corporate Fact Sheet N Long Reserve Life Asset 9 yrs PDP, 22 yrs P+P at YE 2011 N Lowest Cost Producer 1.00/mcfe (6.02/boe) cash costs* Q3/12 N Superior Shareholder Returns Ave ROCE 21%, Ave ROE 40% N Own and Control…
  28. Investor Showcase (Calgary) – Peyto Exploration & Development Corp – slide 28
    End 29 11/21/2012

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