1. Company Strategy 2. Light Oil Bakken/Torquay, Antler, Saskatchewan 3. Liquids-Rich Montney, Kakwa-Resthaven, Alberta 4. Oil Shale 5. St. Lawrence Lowlands, Quebec 6. Outlook
Leverage extensive tight rock/shale rock expertise to acquire tight resources early and develop reserves First mover in shale gas acquired acreage in Quebec almost 5 years ahead of industry Invited speakers at domestic and international…
Portfolio to create value in the short, medium, and long term
Southeast Saskatchewan Proven Bakken/Torquay tight oil production with strong netbacks Western Alberta Liquids-rich Montney natural gas resource play with exceptional economics Utah & Wyoming Oil shale commercialization project in…
Operating and Financial Results Capitalization and Liquidity For the 3 months ended June 30, 2013 All financial amounts in C
Established tight oil asset targeting Bakken/Torquay resource play High value reserves Sweet Spot NPV-10/bbl of 38.27/bbl based on 2P reserves of 1.9 million barrels and 75.3 million NPV-10 as at December 31, 2012 2013 YTD…
Questerre Pool Secondary recovery scheme has been successfully applied in adjacent Bakken/Torquay pool in Manitoba with a projected increase in recovery from Adjacent Pool 9% to between 16% - 24% Low energy reservoir (very limited…
Questerre Pool Secondary recovery scheme has been successfully applied in adjacent Bakken/Torquay pool in Manitoba with a projected increase in recovery from Adjacent Pool 9% to between 16% - 24% Low energy reservoir (very limited…
2,500 boe/d discovery well creates new core area for Questerre in west central Alberta Montney play is approximately 500 km long by 90 km wide One of the largest oil and gas fields in world Gas, oil and liquids- rich windows…
Sweet spot of the play is overpressured, liquids-rich area High liquids, particularly condensate key to robust play economics Questerre has built a significant land position in the sweet spot of this fairway Acquired 72 gross…
Wellhead Condensate Rate bbls/MMcf First three wells have tested at rates of 2,500 to 1,800 boe/d with over 40% condensate Liquids rates from first wells have averaged 140-190 bbls/MMcf over 2013 Economic Sensitivities Gas…
Questerre wells have targeted upper two prospective intervals in the Montney Industry reported results from other interval indicates they are just as productive Partners reported offsetting well tested at 100 bbls/MMcf from upper…
130 million boe in contingent and prospective resources have been assigned to two intervals on approximately one third of Questerres total acreage NPV-10 for contingent resources estimated at 9 per barrel Contingent resources…
New energy paradigm makes access to 140 bbl 100/bbl customers a critical path item (90%-100%+ of WTI/bbl) 5 bbl 100/bbl Questerre strategy is to secure access (90%-100%+ of WTI/bbl) to all aspects of value chain Processing…
Production and cumulative cash flow Illustrative development scenario based on 20 MMcf/d + liquids of firm processing capacity Initial capital investment of 80 million-100 million required in 2014/2015; NPV-10 430 million with…
Illustrative development Production and cumulative cash flow scenario based on 40 MMcf/d + liquids of capacity 20 MMcf/d firm capacity and 20 MMcf/d on interruptible basis Initial capital investment of 120 million-150 million…
Participate with partners in up to three additional wells for remainder of 2013 Move up learning curve to improve drilling and completion techniques Secure development capital through asset sales or project finance Further testing on…
Major resource on cusp of commercial development Estimated 2.8-3.1 trillion barrels in place worldwide with 2.1 trillion located in the United States Questerre has an indirect interest in a US400 million joint venture with Total S.A.…
Innovative approach that moves the process to the rocks instead of moving the rocks to the process Incorporates benefits and avoids challenges of both surface and subsurface processes Dramatically improves economics Modeling…
Pasquia Hills, Saskatchewan 100% interest in 39,000 high-graded acres at Pasquia Hills with potential for oil shale resource of over several hundred million barrels SASKATCHEWAN Wyoming Drilled 16 wells in 2012 20% interest in 5,120…
18 Tcf prospective recoverable resource on acreage 4.4 Tcf net to Questerre Premium gas market Tenure recently extended to 2021 Environmental assessment underway
Questerre continues its work on communicating benefits of development to Quebecers Organized second tour of Quebec farmers to Alberta with positive feedback from farmers Debate is slowly shifting from if to how oil and gas…
Implement waterflood in Antler, Saskatchewan to maximize recovery of oil in place Drill up to three more (1.30 net) wells in Kakwa-Resthaven for liquids-rich Montney shale - Four (1.55 net) wells in total for 2013 Commence field work…
Board Management Les Beddoes, Jr. Michael Binnion, President & Chief Executive Officer International explorationist John Brodylo, VP Exploration (Nexen) Former VP Exploration, Bow Valley Energy Inc.; Victoria, BC Michael Binnion,…