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Painted Pony Petroleum Ltd
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July 2015 Corporate Presentation
| Patrick R. Ward | Page 10 of 11 |
November 23, 2024
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"July 2015 Corporate Presentation"
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10 Painted Pony’s 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 royalty line ? High working interest Average 75%, with operatorship on all key properties ? Significantly over-pressured reservoir (sweet spot) ? Attractive B.C. provincial royalty structure $2.2 million average royalty credit per well ? Highest avg. peak rate among Montney operators 75 wells drilled to date (57 operated by PPY) ~249 locations in 5-year plan ? High gas liquids (C3+) content Up to 60 bbls/MMcf forecast yield at Townsend 1,080 Btu/scf residual heat content ? Proven low cost operator as well costs continue to decrease PPY Lands Petronas Lands Shell Canada Lands Royalty Line Major Gas Pipelines Montney Wells Alaska Highway Northern Montney Development Area Southern Montney Development Area