Credit Suisse Investment Banking Pitch Book
Maine risked NAV sensitivity analysis
RPS resource case commodity price sensitivity analysis
WTI oil
Nat. Gas
Case 1- RPS resource / risking
WTI oil
Nat. Gas
Case 2 Maine management
resource / RPS risking
Credit Suisse
Case 3 - Maine management
resource / risking
Note:
Forward curve
pricing(¹)
Maine management resource cases commodity price sensitivity analysis
(2)
$16.11
Forward curve
pricing (1)
Brent (500)
WTI (500)
Henry Hub (5MMbtu)
$32.48
64.27
2012E
$110.60
95.11
Credit Suisse
research pricing (2)
2.74
$115.00
105.00
3.70
Credit Suisse
research pricing (2)
2013E
$12.95
2014E
Assume forward curve pricing for 2012-2014 and flat pricing whereindicated thereafter.
Analysis based on illustrative discount rate of 12%.
Before adjustment for 5% royalty.
Forward curve pricing as of 11/30/12.
Credit Suisse research pricing
$110.00
102.00
4.29
$25.95
49.35
$80.00
3.00
$6.25
2015E Thereafter
$90.00
$90.00
83.50
83.50
4.50
4.50
$80.00
3.00
$13.86
24.61
Commodity price
$90.00
4.00
$11.11
Commodity price
$90.00
4.00
$22.72
$100.00
5.00
42.33
$15.57
$100.00
5.00
$30.76
59.92
$110.00
6.00
$18.90
$110.00
6.00
$38.82
77.42
Confidential
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