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Investor Presentation – Questfire Energy Corp.

Questfire Energy Corp. · Oct 1, 2014 · 34 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Investor Presentation – Questfire Energy Corp. – slide 1
    TSX-V: Q.A Q.B GAINING MOMENTUM. DRIVING VALUE. October 2014 Presentation
  2. Investor Presentation – Questfire Energy Corp. – slide 2
    Corporate Profile Shares Listing Shares Issued Held by Officers and TSX-V: 0.550 million Class B Directors (Basic) Q.A Q.B 17.318 million Class A Basic 56.9%* 19.964 million Class A Fully Diluted * IncludesSpouses Debt/Banklines June…
  3. Investor Presentation – Questfire Energy Corp. – slide 3
    2014 Guidance Updated Sept. 2014 Average Production Funds Flow Capital Budget 5,000 - 5,100 boe/d 22 - 25 million 20 - 22 million (23% oil & NGL) Exit Bank Debt and W.C. Cash Flow per A Share 42 million*** 1.27 - 1.44 (Basic) 1.10…
  4. Investor Presentation – Questfire Energy Corp. – slide 4
    2014 H1 Actuals H1 Production Funds Flow from Operations Capital Spent 12.8 million 6.4 4,847 boe/d million (22% oil & NGL) Q2 Exit Bank Debt and W.C. H1 Funds Flow per A Share 40.0 0.97 (Basic) 0.43 (F.D)** million* * Does not…
  5. Investor Presentation – Questfire Energy Corp. – slide 5
    Asset Base: Diversified, Low-Decline, Opportunity-Rich Land 816,464 gross acres Approx. 65% operated. Operated 352,128 net acres, (550 assets typically have higher WI net sections) Underworked asset base Includes significant amenable…
  6. Investor Presentation – Questfire Energy Corp. – slide 6
    Simplified Capital Structure: March 26, 2014 Transaction and 2012 Debenture Conversion 1 Repurchase 32.6 million of Convertible Senior Secured Debentures (due April 30, 2016) Purchase price: 13.6 million cash 2 Purchased by way of…
  7. Investor Presentation – Questfire Energy Corp. – slide 7
    Current Share Structure Class A shares: Class B shares: Basic: 17.318 million 0.5504 million outstanding outstanding Mandatory conversion by Dec. 31, 2016. Options: 2.646 million Conversion at Questfires Total diluted A shares: option…
  8. Investor Presentation – Questfire Energy Corp. – slide 8
    Corporate Debt More Manageable and Flexible Bank Line Facility Sale and Lease Back ATB Operating Line: 55 Financing million revolver. 15 million Commitment with Stream Syndicated with the TD Asset Financial March 26, 2014 Bank Secured…
  9. Investor Presentation – Questfire Energy Corp. – slide 9
    Corporate Reserves as at December 31, 2013 (GLJ) Summary of Working Interest Reserves and NPV as of December 31, 2013 GLJ Jan. 1, 2014 Forecast Pricing Light & Natural Natural Gas Total Oil Summary of Net Present Value - B.Tax…
  10. Investor Presentation – Questfire Energy Corp. – slide 10
    NAV After the Q1 Transaction Higher Per Share Value Proved and Proved Proved and Probable (MM except per share) Producing Total Proved Probable Plus Land GLJ Dec 31, 2013 NPV(10%) 152.973 170.060 215.842 225.842 Bank Debt & W.C. (…
  11. Investor Presentation – Questfire Energy Corp. – slide 11
    Growing Funds Flow & Declining Debt to CF Ratio 90 30-34 million 74.5 75.4 77.1 80 22-25 million 70 Total Debt* Millions 54.9 60 56.9 56.3 50 40 Funds Flow 30 Millions 12.8 20 5.2 4.8 2.9 10 -1.1 0 0 Q1 2013 Q2 2013 Q3 2013 Q4 2013…
  12. Investor Presentation – Questfire Energy Corp. – slide 12
    Target-Rich Asset Base Core Focus Areas Multiple recent Oil and liquids-rich gas successes targets Well recompletions Recent activity creates multi-well inventory in and new drilling Fort McMurray three to four areas Operated and 60+…
  13. Investor Presentation – Questfire Energy Corp. – slide 13
    Central Alberta Multi-Zone Deep Basin Production and Drilling 1,550 boe/d Fort McMurray Central Alberta Incremental 150 boe/d of liquids Open Lake rich gas awaiting tie-in (Oct. 2014) Brazeau Westerose One of two main focus areas for…
  14. Investor Presentation – Questfire Energy Corp. – slide 14
    Open Lake Area Ostracod Oil Development Project 12 Vertical Multi-Zone Locations, 100% W.I. Ostracod B Productive sand outline Ostracod D Productive sand outline ALBERTA 9-21-42-6W5 I.P. 300 boped 15-17-42-6W5M BATTERY Questfire land…
  15. Investor Presentation – Questfire Energy Corp. – slide 15
    Open Lake Area Multi-Zone Opportunities 2,175 m Viking Sands Mannville Channels 2,425 m 2,440 m Glauconitic 2,450 m Ostracod Sands B B 2,475 m Ellerslie C D D Rock Creek C Mississippian
  16. Investor Presentation – Questfire Energy Corp. – slide 16
    Open Lake Vertical Ostracod Type Curve (Single Zone) EUR 143 mboe (60% oil) Capital 1.5 MM NPV10 3.0 MM PIR10 2.0 ROR 89% 60 Payout 1.4 years 50 F&D 10.48 /boe Cost of Production 18,725 /boe/d 40 30 Production Rate (bbls/d) 20 10 0…
  17. Investor Presentation – Questfire Energy Corp. – slide 17
    East Central Alberta Emerging Horizontal Oil Opportunities One of two main focus areas: Fort McMurray East Alberta 600 boe/d, 17% oil Mannville Auburndale Typical W4 Mannville gas and Hz Wildmere heavy oil Edmonton Cache Tweedie…
  18. Investor Presentation – Questfire Energy Corp. – slide 18
    W4 Horizontal Oil Prospects Perpetual Hz Drlg for Sparky Perpetual Hz Drlg for Lloyd & Sparky 10-36 Strat Test Questfire 100% W.I. Drilled 2 100% WI Hz wells in Q3, 2014 Perpetual Hz Drlg for Lloyd Crew Hz Drlg for Sparky Mannville…
  19. Investor Presentation – Questfire Energy Corp. – slide 19
    Auburndale Area Lloydminster Horizontal Oil Development Project 12 Horizontal Wells, 33.3% W.I. Lloydminster K pool Cum. 100 MBO,.3 BCF (excl. sec 20) Curr. 136 bopd, 435 mcfd (excl. sec 20) 15.1 API ALBERTA New Hz well Twin Butte Op.…
  20. Investor Presentation – Questfire Energy Corp. – slide 20
    Mannville Area Sparky Horizontal Oil Development Project 8 to 16 Horizontal Locations, 100% W.I. Questfire land Questfire Sparky Hz oil location Sparky Hz. oil producer Sparky oil pool 3D seismic Two 100% WI Hz wells ALBERTA drilled in…
  21. Investor Presentation – Questfire Energy Corp. – slide 21
    Wildmere Area Sparky Horizontal Oil Development Project 13 Horizontal Locations, 25% W.I. Questfire land Proposed Sparky Hz. oil location Sparky Hz. oil producer Sparky oil pool 3D seismic ALBERTA Sparky Q pool Cum. 11 MBO, .02 BCF…
  22. Investor Presentation – Questfire Energy Corp. – slide 22
    Mannville/Auburndale/Wildmere Horizontal Lloydminster/Sparky Oil Type Curve EUR: 70 mboe Capital: 1.25 MM NPV10: 1.12 MM PIR10: 0.9 ROR: 68% 70 Payout: 1.4 years 60 F&D: 17.85 /boe Cost of Production: 20,195 /boe/d 50 Production…
  23. Investor Presentation – Questfire Energy Corp. – slide 23
    Oberlin/Red Deer Longer-Term Gas Potential Fort McMurray 1,100 boe/d Oberlin/Red Deer Twinning Chigwell 12% oil and NGL Edmonton Ferrybank Joffre Oberlin Longer-term potential Gadsby for CBM and liquids- Red Deer rich conventional gas…
  24. Investor Presentation – Questfire Energy Corp. – slide 24
    Oberlin Area Coal Bed Methane Potential Upside and Facilities 31 Infill Drilling Questfire land Questfire operated well Locations Questfire operated pipeline Proposed infill drilling location 35 Recompletion HSCN producers Candidates…
  25. Investor Presentation – Questfire Energy Corp. – slide 25
    Lookout Butte Liquids-Rich Gas with Low Decline 950 boe/d Fort McMurray 3,500-metre-deep, long-RLI pool developed in 1960s Southern Alberta 20% C5+ & NGL Edmonton (40+ bbls/mmscf) Rundle Formation, Foothills gas, 3% H2S Red Deer…
  26. Investor Presentation – Questfire Energy Corp. – slide 26
    Medicine Hat Large Infill Drilling Potential 650 boe/d Fort McMurray Classic shallow gas (400 m depth) Medicine Hat and Edmonton Second White Specks 100% WI Extensive infill drilling potential Red Deer with higher gas prices Medicine…
  27. Investor Presentation – Questfire Energy Corp. – slide 27
    Near-Term Activities and Goals Recompletions and Drilling Drill/Recomplete for Oil 2014 Field Program Open Lake Verticals, Cash flow budget of approx. Auburndale, Wildmere, 20-22 million with 13-15 Mannville Horizontals million on…
  28. Investor Presentation – Questfire Energy Corp. – slide 28
    2014 & 2015 Forecasts Base Case Cash Flow Spending 2014 Forecast 2015 Forecast Ave Production (boe/d) 5,000 5,100 5,600 5,800 Exit Production (boe/d) 5,500 6,000 Exit Oil & NGL (%) 26% - 28% 34% Funds Flow From Operations (MM)…
  29. Investor Presentation – Questfire Energy Corp. – slide 29
    Advantages of Questfire Approach Experienced Team Opportunity-Rich Environment Senior management with strong Large land base. Assets were non- operational and exploration core to previous owner and experience. Basin-wide underworked.…
  30. Investor Presentation – Questfire Energy Corp. – slide 30
    Protecting Cash Flow Hedges in Place as of September, 2014 Notional Period Commodity Contract Type Quantity Pricing Point Contract Price Jan. 1/14 - Dec. 31/14 Natural gas Fixed price 8,000 GJ/d AECO 7A Cdn3.3575/GJ Jan. 1/14 - Dec.…
  31. Investor Presentation – Questfire Energy Corp. – slide 31
    Management: Experienced. Skilled. High Ownership. Richard Dahl, President & CEO John Ramescu, VP Land Fred Laudel, VP Exploration Ronald Williams, VP Finance & CFO Professional Engineer Professional Landman 33 years Basin-wide…
  32. Investor Presentation – Questfire Energy Corp. – slide 32
    Management: Proven through the Drill Bit. Focused on Lowering Costs. Darren Kisser, Bruce Shepard, VP Exploitation Rod Keller, Project Manager VP Engineering & Operations 33 years extensive Basin-wide 44 years experience in…
  33. Investor Presentation – Questfire Energy Corp. – slide 33
    Why Invest in Questfire High-NAV asset base, very low Stable hedged cash flow, low Huge leverage to rising share price, low number of production decline, long RLI natural gas prices and light shares outstanding Excellent,…
  34. Investor Presentation – Questfire Energy Corp. – slide 34
    Contact Richard Dahl, P.Eng. President & CEO Tel: 403-263-6688 Email: rdahlquestfire.ca GAINING MOMENTUM. DRIVING VALUE.

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