Corporate Profile Q1 2011 average production: 13,097 Boe/d ( 75% gas weighting) Intermediate gas focused producer/explorer 75.4 MM shares outstanding (March 31, 2011) Market capitalization 28.00/share: 2.2 billion 50% management…
Core Areas Average Production (Boe/d) Q1 2011 Liard/Horn River Basin Kaybob 5,246 Grande Prairie 2,954 Northern 1,958 Karr/Gold Creek Southern 2,939 Total Boe/d 13,097 Musreau Hoole Resthaven/Smoky 2011 E&D Capital…
Kaybob Gas Resource CRETACEOUS GAS SANDS OGIP PER SECTION Significant Deep Basin liquids-rich 70 Bcf/Section Average OGIP* gas resource exists within deep basin tight sand reservoirs 40160 Bcf per section OGIP* 1.55.0 Bcf EUR…
Kaybob Applied Hz drilling and multi-stage fracs in 2010 Dunvegan Hz at Resthaven (14-stage frac) o/s March 2010, still produces at 6.9 MMcf/d; 50% WI Falher Hz at Musreau tested 25 MMcf/d; o/s at 9.1 MMcf/d; 67% WI Dunvegan Hz…
Deep Basin Dunvegan/Falher Hz Dunvegan Hz Falher well at well at Resthaven Musreau IP: 8.3 MMcf/d Tested 16.4 MMcf/d at Producing 4 20.8 MPa MMcf/d after one IP: 12 MMcf/d year Producing 5 MMcf/d Cost: 8.3 MM after one year…
Musreau Four Hz wells drilled Q4 2010 Two Falher tested 10-12.4 MMcf/d (28%, 50% WI) Cadotte Hz tested 6.7 MMcf/d (50% WI) Dunvegan well tested 8.5 MMcf/d (40% WI) 2011 plans: 18 Hz wells; 9 drilled, two on production at 7-10…
Resthaven/Smoky One Hz well drilled Q4 2010 Dunvegan well brought on at 7 MMcf/d (50% WI); currently shut in due to processing capacity restraints 2011 plans: 8 Hz wells; four drilled, three on production 3 Dunvegan wells tested…
Paramount Musreau/Resthaven Montney Lands Liquids-rich Montney gas play 15-28 LOC 13-33 WOC June 2010 Paramount completed vertical (50%) Upper Montney well with high flow rates 7-35 Vertical Re-entry 5-22 Montney 10-19…
Economics of Kaybob 5.3 Bcf Horizontal Well 11
Karr-Gold Creek Located 50 km SW of Grande Prairie 13.3 MMcf/d 3.5 MMcf/d;1.5 MMcf/d: Multi-zone potential, including Dual Completion Montney sour and Nikanassin sweet Gold Creek (Sweet) 13.4 MMcf/d Plant 7 MMcf/d gas Current…
Valhalla Montney/Doig Play Five wells completed to date with consistently improving 10.9 MMcf/d results Sixth well is first Doig: tested 6 9.3 MMcf/d 5.2 MMcf/d 2.5 MMcf/d MMcf/d Gathering system expansion to be completed…
Ante Creek Montney Hz oil play Paramount et al tested first Hz oilwell at 1,000 Bbl/d plus solution gas (50% WI) Additional drilling planned in Q3 2011 Paramount has identified 42 additional well locations on project…
North Dakota Bakken light oil play entered in 2002 Land in BakkenThree Forks trend; operated 1-26H through 100% owned subsidiary Summit Resources Inc.; 1,200 Bbl/d currently Competitor well: 1,900 Boe/d IP Competitor well tested…
ProspEx Transaction Acquisition scheduled to close on May 31, 2011 subject to receipt of ProspEx shareholder approval and court and regulatory approvals Acquisition cost: 180 MM * 18.6 MM Boe P+P Reserves 132,300 (104,000 net)…
ProspEx Deep Basin Assets Liquids rich natural gas assets with multi-zone potential Consolidation of land and infrastructure in Deep Basin 37,400 (27,400 net) acres of undeveloped land in Deep Basin Adds 33+ (17+ net) Falher,…
Concurrent Bought Deal Equity Offering Public Offering - 1.5 million common shares 32.50 /share Private Placement - 150,000 CDE Flow Through Shares 36.50/share to Chairman Closed April 26, 2011: 52 MM Use of Proceeds: to…
Paramount Investments
Paramount Investments 24.1 MM shares of Trilogy 22.00/share 530.2 MM 43.8 MM MGM Energy Corp. shares 9.6 MM 0.22/share Paramount Drilling U.S./Fox Drilling Inc. 45.0 MM 3.7 MM shares of MEG Energy 49.50/share 183.2 MM Other…
Shale Gas Horn River Basin* Maxhamish: 565 Bcf NWT Ootla: 120 Bcf British Columbia Tattoo: 250 Bcf Liard South: 570 Bcf Total: 1,505 Bcf Paramount holds 147,000 (123,600 net) acres prospective for shale gas in the Horn…
Maxhamish Muskwa Muskwa Otter Park Otter Park I L K EOG HZ DRILLING PROJECT Evie Evie H E F Nahanni Nahanni 24
Liard Basin Type Logs Besa River Shale Gas 225 m shale section 300+ OGIP/section 25
Summary Exposure to significant reserve opportunities Deep Basin: Cretaceous Musreau/Resthaven: Montney Karr: Montney, Nikanassin Valhalla: Montney, Doig North Dakota: Bakken Chain: CBM Significant asset value Trilogy MGM MEG…
4700 Bankers Hall West 888 Third Street S.W. Calgary, Alberta Canada T2P 5C5 Telephone: (403) 290-3600 Facsimile: (403) 262-7994 www.paramountres.com
APPENDIX A
Forward Looking Statements Advisory Certain statements and information in this presentation constitute forward-looking information within the meaning of applicable Canadian and United States securities legislation. Forward-looking…
Forward Looking Statements Advisory con't This document contains disclosure expressed as Boe, and Boe/d. All oil and natural gas equivalency volumes have been derived using the ratio of six thousand cubic feet of natural gas to one…
4700 Bankers Hall West 888 Third Street S.W. Calgary, Alberta Canada T2P 5C5 Telephone: (403) 290-3600 Facsimile: (403) 262-7994 www.paramountres.com
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