Corporate Overview March 2015 www.ForentEnergy.com TSXV: FEN
Forent Energy : Methodology 2013-2014 EVALUATE ACQUIRE INVEST Evaluated Assets in Central Acquired Three Producing Initiate Infill Drilling Alberta Properties Program Oil weighted production Integrated Twining, Wayne and Drilled…
Forent Energy : 2014 Reserve Report Summary of Oil and Gas Reserves as of December 31, 2014 Forecast Prices and Costs Net Present Light and Medium Oil Heavy Oil Natural Gas Natural Gas Liquids Value Gross Reserve Category Gross…
Forent Energy : Production *Anticipated field level production 5 www.ForentEnergy.com TSXV: FEN 3/20/2015
Forent Energy : Current Snapshot Current Production: 250 Boe/d (60% oil) Twining, Wayne, Provost: long life, oil production with horizontal in-fill upside and 3D seismic coverage Newly Acquired Exploration Acreage: Heathdale 54+…
Forent Energy : Revised Corporate Strategy With the current oil price environment, Forent will defer development drilling and will focus efforts on strategic acquisitions and potential mergers Forent's existing production is supported…
Forent Energy : Go Forward Strategy Medium Short 2016 - 2017 Long Asset enhancement and exploitation 2015-2016 after commodity price recovery 2017 + Accretive acquisitions and Growth towards an mergers Heathdale & Montgomery…
Forent Energy : Areas of Operations Red Deer Dec 1, 2014 Field Production Twining Provost 1. Wayne: 33 boe/d Ellerslie 2. Twining: 182 boe/d Pekisko 3. Provost: 41 boe/d Dina Drumheller Heathdale 4. Montgomery Calgary…
Forent Energy : Wayne Property 4 producing Ellerslie wells 31 API oil Single well batteries gas conserved on 3 of 4 wells Net Production: 30 bbl/d oil & 17 mcf/d gas Working Interest 50 % / 100 % Forent has 3D seismic over the North…
Forent Energy : Twining Property 10 producing Pekisko wells 31 API oil Oil treating facilities with gas conservation Net Production: 85 bbl/d oil + 572 mcf/d gas Working Interest 100 % 4 vertical infill locations Or 2 horizontal…
Forent Energy : Provost Property 7 producing Dina wells 17 API oil Oil treating facilities, no gas conservation Water disposal well tied to battery Opportunity to upgrade the central battery for increased production Net…
Forent Energy : Montgomery - High Impact Exploration Activity to date Forent lands Farmed-out lands (Forent WI 30- Forent 100%) Forent Proprietary 3D land & seismic Seismic JV partner 1 Drilling/Completion 01-16 well Forent…
Forent Energy : Montgomery Drilling to Date 01-16 14-12 06-06 01-16 test well 06-06 producing well Confirmed Production Produced resource is 1.5MMBbl from present naturally fractured Oil was 2WS recovered Best 2WS well in from 2WS…
Forent Energy : Montgomery Proprietary 3D seismic Blackshale 01-16 Key Wells on Forent Proprietary 3D Seismic Drilled Dec 2012 TD Base Sunburst Not naturally fractured Produced free oil Virgin formation pressure (27.2 Mpa) Forent…
Forent Energy : Montgomery Fracture Trends Forent 14-12 Drilled into fractured trend which has been Flat 2WS depleted by 06-06 Dipping 2WS Forent 13-16 Location Horizontal leg to be drilled from existing wellbore along untested…
Forent Energy : Montgomery Results to Date 3D Seismic Provides explanation of success of 06-06 and failure of subsequent dry holes Key in determining drilling locations Proven to image structures with natural fractures and quiet areas…
Forent Energy : Montgomery Hz potential in 2WS 3D seismic indicates there is an untested structural trend with interpreted natural fractures North East of the existing 01-16 wellbore This trend can be intersected by drilling…
Forent Energy : Montgomery Hz Well Economics Production assumptions were derived from ONLY the first 10 years of production from the 06-06 well Oil IP 400 bbl/d Gas not conserved Decline rate 25% Capital Requirements Drilling =…
Forent Energy : Montgomery Additional Locations 12 Additional vertical locations targeting separate naturally fractured 2WS trends Additional multi-zone potential (Belly River, Cardium, Barons, Glauconite, Ellerslie) Sunburst…
Forent Energy : Heathdale AB Future Growth 54+ sections, WI 100%, most rights surface to basement…
Forent Energy : Heathdale Development Plan 07-32-28-07W4 Bypassed Detrital pay 11-32-27-08W4 Vertical Detrital analog Vertical Pilot well Initial Whipstock Hz Horizontal Infills 23 www.ForentEnergy.com TSXV: FEN…
Forent Energy : Heathdale Development Plan Producing Analog Twin Candidate Detrital Formation Detrital Formation Vertical Pilot well Initial Whipstock Hz Horizontal Infills 24 www.ForentEnergy.com TSXV: FEN 3/20/2015
Forent Energy : Heathdale Development Plan 14-06-27-09W4 Vertical Glauconite analog 06-01-27-09W4 Bypassed Glauconite pay Vertical Pilot well Initial Whipstock Hz Horizontal Infills Glauconite Channel Trend 25…
Forent Energy : Heathdale Development Plan Producing Analog Twin Candidate Glauconite Channel Glauconite Channel Vertical Pilot well Initial Whipstock Hz Horizontal Infills Glauconite Channel Trend 26 www.ForentEnergy.com…
Forent Energy : Summary Forent has a long life, low decline production base with infill opportunities and has built an inventory of low risk and high impact exploration projects With current depressed oil and gas prices, Forent will…
Forent Energy : Management and Directors Management Directors Richard Wade, P. Eng., President & CEO W. Brett Wilson CM SOM, Chairman 18 years; Mobil, Elk Point Resources, Calver Resources, Western Gas 30 Years; Prairie Merchant…
Contact Richard Wade P.Eng President, CEO Office: 403.262.9444 extension 211 E-mail: rwadeforentenergy.com Forent Energy Ltd. Head Office Suite 200, 340 - 12th Avenue SW Calgary, Alberta T2R 1L5 Phone: 403.262.9444 Fax:…
Corporate Overview March 2015 www.ForentEnergy.com TSXV: FEN
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