Prairie Provident Resources, Inc. · TSX:PPR
Prairie Provident Resources — Investor Presentation (May 2025)
21 slides from Prairie Provident Resources's investor presentation, May 2025
Slide 1: Transformational Mannville Portfolio & Unique Publicly Listed Investment Opportunity
TSX: PPR Transformational Mannville Portfolio & Unique Publicly Listed Investment Opportunity in Top-Tier Basal Quartz Oil Play May 2025
Slide 2: Prairie Provident Resources at a Glance
Corporate Overview Prairie Provident Resources at a Glance Alberta, Canada CORPORATE SUMMARY Low Decline Asset Base with Current Production (boe/d) (1) 3,467 long reserve life & significant Production mix (1) 63% Liquids upside potential Reserves (2P) (2) 24.4 MMboe Reserve Life Index (1P / 2P) (3)
Slide 3: PPR Has a Clear Path to Unlocking Existing Asset Value Driving Returns
PPR Has a Clear Path to Unlocking Existing Asset Value Driving Returns PPR Investment Opportunity • Five Michichi Basal Quartz (“BQ”) wells were drilled in the last two quarters (2 in Q4 ‘24 + 3 in Q1 ‘25) • Recent wells validate PPR’s excitement with the emerging BQ/Ellerslie play on its Michichi l
Slide 4: 2024 Reserves
Reserves 2024 Reserves Underpinned by low decline production base Long reserve life Pro Forma Year-End 2024 Reserves Summary (1) 16.5 1P / 27.7 2P Reserve Life Index (3) Proved Total Total proved plus developed proved (1P) probable (2P) producing (PDP) B.T. NPV10 Light and medium 2.5 MMbbl 7.6 MMbbl
Slide 5: Summary of Growth Opportunities
Deep Inventory of Low-Risk, High Return Mannville Locations Summary of Growth Opportunities Hayter Provost • Over 20 open hole HZ wells Michichi Michichi identified for evaluation • Stacked drilling locations in ~2,125 boe/d ~125 boe/d the Banff and Ellerslie/BQ x Sounding Lake • 60+ economic locati
Slide 6: Low Risk, High Return Drilling Opportunities Available
Deep Inventory of Low-Risk, High Return Locations Low Risk, High Return Drilling Opportunities Available Single Well Economics (1)(2) $60/bbl USD, $2.50/GJ AECO CAD flat Resilient Returns & Significant Upside (5) Capital F&D IRR NPV10 Payout EUR Locs. Type Well Economics $MM $/boe % $MM Yrs Mboe # 5
Slide 7: Recent Drilling Activity
Recent Drilling Activity Results – Q1 2025 Basal Quartz Drills • PPR successfully followed up Q4 2024 drills by adding Cumulative Initial Production (1) three Michichi Basal Quartz wells in Q1 2025 25,000 - Drilled first 1.5 mile BQ in the area - PPR explored impact of tonnage on productivity by pla
Slide 8: Michichi Basal Quartz
Michichi Basal Quartz
Slide 9: Play Comparison – Payout Ranking
Basal Quartz – Ranks With the Best Plays in WCSB (Western Canadian Sedimentary Basin) Play Comparison – Payout Ranking (1) Type Curve IP90 CAPEX EUR NGL Liq. Pct IRR Payout NPV10 P/I Area boe/d C$M Mboe Mbbl % % Years C$M Ratio Charlie Lake - Lower 450 3,000 375 20 63% >500% 0.3 7,179 2.4 Clearwater
Slide 10: PPR's Michichi Basal Quartz Overview
Basal Quartz – Reliable Cash-Flow Generator for PPR PPR’s Michichi Basal Quartz Overview Key Highlights Type Curve & Single Well Economics (1)(2)(4) • Three highly successful wells DCET in Q1 2025 1000 Basal Quartz Average Type Curve • B.T. NPV10 breakeven of less than US$40 WTI (3) Peak Rate ~530 b
Slide 11: Advantageous Infrastructure & Egress Position
Well Established Field Provides Solid Infrastructure Framework to Support Mannville Inventory Advantageous Infrastructure & Egress Position • PPR infrastructure is optimally positioned with the BQ fairway • Year-round access, good highway system, close to Drumheller • Line of sight to add volumes wi
Slide 12: Additional Growth Opportunities
Additional Growth Opportunities 12
Slide 13: High Value Locations in the Successful Princess Field
High Value Locations in the Successful Princess Field Princess Multi-Lateral Ellerslie • Multi-leg horizontal wells planned in the Ellerslie formation Legend: which demonstrate robust economics Industry Ellerslie HZ PPR Ellerslie Rights • Offset successful PPR horizontal Ellerslie wells PPR Ellersli
Slide 14: Potential for Significant Growth in Michichi Field
Potential for Significant Growth in Michichi Field Michichi Banff Sand Legend: • Banff Sand Play has superior porosity and permeability allowing 13-28 Sales higher production rates than the limestone facies traditionally Banff Sand Fairway PPR Banff Rights targeted PPR Pipeline • Banff sand will be
Slide 15: Quick, Repeatable, Active Play in the Provost Area
Quick, Repeatable, Active Play in the Provost Area Provost Multi-Lateral Sparky • High degree of certainty Legend: PPR Sparky Industry Sparky HZ Planned Multi-lats • Oil presence proven with vertical recompletion at 13-26-037- PPR Mannville Rights 04W4 11-27 LACT PPR Planned Mult-lat Connected Batte
Slide 16: Corporate Overview
PRAIRIE PROVIDENT ESOQURCES Ss Corporate Overview
Slide 17: Experienced Management and Board
Corporate Overview Experienced Management and Board Dale Miller Glenn Hamilton Amber Wright Executive Chairman Director Vice President, Operations & Engineering Mr. Dale Miller is a professional engineer with 40 Mr. Glenn Hamilton has over 35 years of Ms. Wright is a professional engineer with over
Slide 18: Reader Advisories
Reader Advisories Forward-Looking Information Certain information included in this presentation constitutes forward-looking information within the meaning of applicable Canadian securities laws. Statements that constitute forward-looking information relate to future performance, events or circumstan
Slide 19: Reader Advisories
Reader Advisories Non-GAAP Financial Measures and Oil and Gas Metrics This presentation discloses certain financial measures, as described below, that are 'non-GAAP financial measures' within the meaning of applicable Canadian securities laws. Such measures do not have a standardized or prescribed m
Slide 20: Reader Advisories
Reader Advisories Non-GAAP Financial Measures and Oil and Gas Metrics (Continued) Estimated Ultimate Recovery (EUR). The type well information provided in this presentation includes estimated ultimate recovery (EUR), which is a measure commonly used in the oil and gas industry but is not a resource
Slide 21: Reader Advisories
Reader Advisories Reserves Data Disclosure Figures provided in this presentation as to proved reserves and probable reserves volumes, and net present value of related future net revenue, are estimates of such volumes and values as at December 31, 2024 based on an evaluation by Trimble Engineering As
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