Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 8 Key Information 8 Company Overview 8 Pacific Exploration & Production Corporation, Valuation and Financial Data 9 Pacific Exploration & Production Corporation, Share Price Performance 9 Share Price Performance, Q1, 2015-Q1, 2016 9 Pacific Exploration & Production Corporation, Key Valuation Metrics 10 Key Valuation Metrics, Q1, 2015-Q1, 2016 10 Pacific Exploration & Production Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12 Pacific Exploration & Production Corporation, Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13 Pacific Exploration & Production Corporation, Quarterly Production Trends 14 Pacific Exploration & Production Corporation, Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14 Pacific Exploration & Production Corporation, Crude Oil Production 15 Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 15 Pacific Exploration & Production Corporation, Natural Gas Production 16 Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 16 Pacific Exploration & Production Corporation, Valuation and Financial Data, 2011-2015 17 Pacific Exploration & Production Corporation, Share Price Performance, 2011-2015 17 Share Price Performance, 2011-2015 17 Key Valuation Metrics, 2011-2015 18 Pacific Exploration & Production Corporation, Production and Reserves Trends 19 Total Oil and Gas, Reserves and Production 19 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 19 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 21 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 22 Crude Oil/Liquids Production and Reserve 23 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 23 Crude Oil Production and Reserves By Country/Region, 2011-2015 24 Crude Oil/Liquids Reserve Changes, 2011-2015 25 Natural Gas Production and Reserve 26 Natural Gas Production and Reserve Trend, 2011-2015 26 Natural Gas Production and Reserves, By Country/Region, 2011-2015 27 Natural Gas Reserve Changes, 2011-2015 28 Total Crude Oil and Natural Gas Reserves Life Index 29 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 29 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 30 Pacific Exploration & Production Corporation, E&P Costs Trends 32 Allocation of the Upstream Capital Expenditure 32 Upstream Capital Expenditure, 2011-2015 32 Exploration and Development Costs, By Country/Region, 2011-2015 33 Oil and Gas Cost Per boe, US$/boe 35 Oil and Gas Cost Per boe, US$/boe, 2011-2015 35 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 37 Pacific Exploration & Production Corporation, Reserve Replacement Ratio 39 Oil and Gas Production Replacement Ratio 39 Oil and Gas Production Replacement Ratio, 2011-2015 39 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 41 Pacific Exploration & Production Corporation, Results of Oil & Gas Operations Trend 45 Oil and Gas Revenue and Expenses 45 Oil and Gas Revenue and Expenses, 2011-2015 45 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 46 Oil and Gas Revenue and Expenses, Per boe 51 Oil and Gas Revenue and Expenses, By boe, 2011-2015 51 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 52 Oil and Gas Performance Metrics 56 Pacific Exploration & Production Corporation, Land Holdings and Well Data 57 Developed and Undeveloped Acreage 57 Gross and Net Developed and Undeveloped Acreage, 2011-2015 57 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 58 Well Statistics 60 Producible Oil and Gas Well, 2011-2015 60 Producible Oil and Gas Well, By Country/Region, 2011-2015 61 Exploration and Development Wells Drilled, 2011-2015 66 Recent Developments 67 Pacific Exploration & Production Corporation - Recent Developments 67 Sep 29, 2016: Pacific Provides An Update On Anticipated Implementation Date For Its Restructuring Transaction 67 Sep 26, 2016: Pacific Provides An Update On Its Restructuring Transaction And Share Distribution 67 Sep 12, 2016: Pacific Provides An Update On Its Restructuring Transaction And Anticipated Implementation Date 68 Aug 23, 2016: Pacific Announces Court Order Sanctioning Its Restructuring Transaction 69 Jul 27, 2016: Peru's Oil Pipeline May Remain Offline For Another Six Months: Perupetro 70 Jun 30, 2016: Pacific Announces Restructuring Update And CCAA Creditors' Meeting Order 70 Jun 13, 2016: Pacific Announces Recognition Order From The Colombian Superintendence Of Corporations 72 Jun 08, 2016: Pacific Announces Chapter 15 Recognition Order From U.S. Bankruptcy Court 72 May 18, 2016: Pacific's Board Reaffirms Creditor/Catalyst Restructuring Transaction 72 Apr 29, 2016: Pacific Announces Restructuring Update And Significant Support From Noteholders And Lenders And Extension Of The Supporting Noteholder Consideration Deadline To May 6, 2016 75 Appendix 77 Methodology 77 Coverage 77 Secondary Research 77 Primary Research 77 Data Information Sources 78 Company Source 78 SEC/Other Regulatory Filings 78 Other Sources 78 Expert Panel Validation 78 Data Definition 78 Oil and Gas Reserves 78 Units of Measure 79 About GlobalData 79 Disclosure 79 Disclaimer 79

List of Tables Table 1: Pacific Exploration & Production Corporation, Key Facts 8 Table 2: Pacific Exploration & Production Corporation, Share Price Performance, Q1, 2015-Q1, 2016 9 Table 3: Pacific Exploration & Production Corporation, Key Valuation Metrics, Q1, 2015-Q1, 2016 10 Table 4: Pacific Exploration & Production Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11 Table 5: Pacific Exploration & Production Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12 Table 6: Pacific Exploration & Production Corporation, Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13 Table 7: Pacific Exploration & Production Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14 Table 8: Pacific Exploration & Production Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 15 Table 9: Pacific Exploration & Production Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 16 Table 10: Pacific Exploration & Production Corporation, Share Price Performance, 2011-2015 17 Table 11: Pacific Exploration & Production Corporation, Key Valuation Metrics, 2011-2015 18 Table 12: Pacific Exploration & Production Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 20 Table 13: Pacific Exploration & Production Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 21 Table 14: Pacific Exploration & Production Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 22 Table 15: Pacific Exploration & Production Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23 Table 16: Pacific Exploration & Production Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 24 Table 17: Pacific Exploration & Production Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 25 Table 18: Pacific Exploration & Production Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 26 Table 19: Pacific Exploration & Production Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 27 Table 20: Pacific Exploration & Production Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 28 Table 21: Pacific Exploration & Production Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 29 Table 22: Pacific Exploration & Production Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 31 Table 23: Pacific Exploration & Production Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 32 Table 24: Pacific Exploration & Production Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 34 Table 25: Pacific Exploration & Production Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 36 Table 26: Pacific Exploration & Production Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 38 Table 27: Pacific Exploration & Production Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 40 Table 28: Pacific Exploration & Production Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 44 Table 29: Pacific Exploration & Production Corporation, Revenue and Expenses, US$ mil, 2011-2015 45 Table 30: Pacific Exploration & Production Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 50 Table 31: Pacific Exploration & Production Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 51 Table 32: Pacific Exploration & Production Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 55 Table 33: Pacific Exploration & Production Corporation, Oil and Gas Performance Metrics, 2011-2015 56 Table 34: Pacific Exploration & Production Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 57 Table 35: Pacific Exploration & Production Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 59 Table 36: Pacific Exploration & Production Corporation, Producible Oil and Gas Wells, 2011-2015 60 Table 37: Pacific Exploration & Production Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 65 Table 38: Pacific Exploration & Production Corporation, Exploratory and Developed Wells, 2011-2015 66 List of Figures Figure 1: Pacific Exploration & Production Corporation, Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 9 Figure 2: Pacific Exploration & Production Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10 Figure 3: Pacific Exploration & Production Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11 Figure 4: Pacific Exploration & Production Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13 Figure 5: Pacific Exploration & Production Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14 Figure 6: Pacific Exploration & Production Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 15 Figure 7: Pacific Exploration & Production Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 16 Figure 8: Pacific Exploration & Production Corporation, Share Price Performance, CAD/Share, 2011-2015 17 Figure 9: Pacific Exploration & Production Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 18 Figure 10: Pacific Exploration & Production Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 19 Figure 11: Pacific Exploration & Production Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 21 Figure 12: Pacific Exploration & Production Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 22 Figure 13: Pacific Exploration & Production Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23 Figure 14: Pacific Exploration & Production Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 24 Figure 15: Pacific Exploration & Production Corporation, Crude Oil Reserve Changes, mmbbl, 2015 25 Figure 16: Pacific Exploration & Production Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 26 Figure 17: Pacific Exploration & Production Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 27 Figure 18: Pacific Exploration & Production Corporation, Natural Gas Reserve Changes, bcf, 2015 28 Figure 19: Pacific Exploration & Production Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 29 Figure 20: Pacific Exploration & Production Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 30 Figure 21: Pacific Exploration & Production Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 30 Figure 22: Pacific Exploration & Production Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 31 Figure 23: Pacific Exploration & Production Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 32 Figure 24: Pacific Exploration & Production Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 33 Figure 25: Pacific Exploration & Production Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 33 Figure 26: Pacific Exploration & Production Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 35 Figure 27: Pacific Exploration & Production Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 37 Figure 28: Pacific Exploration & Production Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 37 Figure 29: Pacific Exploration & Production Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 38 Figure 30: Pacific Exploration & Production Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 39 Figure 31: Pacific Exploration & Production Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 41 Figure 32: Pacific Exploration & Production Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 41 Figure 33: Pacific Exploration & Production Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 42 Figure 34: Pacific Exploration & Production Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 42 Figure 35: Pacific Exploration & Production Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 43 Figure 36: Pacific Exploration & Production Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 43 Figure 37: Pacific Exploration & Production Corporation, Revenue and Expenses, US$ mil, 2011-2015 45 Figure 38: Pacific Exploration & Production Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 46 Figure 39: Pacific Exploration & Production Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 46 Figure 40: Pacific Exploration & Production Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 47 Figure 41: Pacific Exploration & Production Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 47 Figure 42: Pacific Exploration & Production Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 48 Figure 43: Pacific Exploration & Production Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 48 Figure 44: Pacific Exploration & Production Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 49 Figure 45: Pacific Exploration & Production Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 49 Figure 46: Pacific Exploration & Production Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 51 Figure 47: Pacific Exploration & Production Corporation, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 52 Figure 48: Pacific Exploration & Production Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 52 Figure 49: Pacific Exploration & Production Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 53 Figure 50: Pacific Exploration & Production Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 53 Figure 51: Pacific Exploration & Production Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 54 Figure 52: Pacific Exploration & Production Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 54 Figure 53: Pacific Exploration & Production Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 55 Figure 54: Pacific Exploration & Production Corporation, Oil and Gas Performance Metrics, 2011-2015 56 Figure 55: Pacific Exploration & Production Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 57 Figure 56: Pacific Exploration & Production Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 58 Figure 57: Pacific Exploration & Production Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 58 Figure 58: Pacific Exploration & Production Corporation, Producible Oil and Gas Wells, 2011-2015 60 Figure 59: Pacific Exploration & Production Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 61 Figure 60: Pacific Exploration & Production Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 61 Figure 61: Pacific Exploration & Production Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 62 Figure 62: Pacific Exploration & Production Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 62 Figure 63: Pacific Exploration & Production Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 63 Figure 64: Pacific Exploration & Production Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 63 Figure 65: Pacific Exploration & Production Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 64 Figure 66: Pacific Exploration & Production Corporation, Exploratory and Developed Wells, 2011-2015 66