2011 North American Oil & Gas Conference September 13, 2011
Corporate Profile Q2 2011 average production: 16,572 Boe/d ( 78% gas weighting); Exit rate:20,000 Boe/d 79.1 MM shares outstanding Market capitalization 33.00/share: 2.6 billion 50% management ownership 1.2 million net acres…
Core Areas Liard/Horn Average Production (Boe/d) Q2 2011 River Basin Kaybob 8,204 Grande Prairie 3,108 Northern 1,927 Karr/ Gold Creek Southern 3,333 Total Boe/d 16,572 Musreau Hoole Resthaven/Smoky 2011 E&D Capital…
Kaybob Gas Resource CRETACEOUS GAS SANDS OGIP PER SECTION Significant liquids-rich gas resource 70 Bcf/Section Average OGIP* exists within Deep Basin tight sand reservoirs 40160 Bcf per section OGIP* 1.55.0 Bcf EUR per…
Kaybob Applied Hz drilling and multi-stage fracs in 2010 and 2011 Dunvegan Hz at Resthaven (14-stage frac) o/s March 2010, still produces at 4 MMcf/d; 50% WI Falher Hz at Musreau tested 16.4 MMcf/d; o/s at 9.1 MMcf/d; producing 5…
Deep Basin Dunvegan/Falher Hz Dunvegan well at Hz Falher well at Resthaven Musreau Tested 11.3 MMcf/d Tested 16.4 MMcf/d at at 6.2 MPa 20.8 MPa IP: 8.3 MMcf/d IP: 12 MMcf/d Producing 4 MMcf/d Producing 5 MMcf/d after one year…
Falher Production 8
Musreau Eleven Hz wells drilled YTD 2011 Five Falher tested 9-14 MMcf/d (One at 28%, 4 each at 50% WI) Cadotte Hz tested 6.7 MMcf/d (50% WI) Dunvegan tested 8.5 MMcf/d (40% WI) New gas gathering systems and plant sales…
Resthaven/Smoky Five Hz wells drilled YTD 2011 Four Dunvegan wells brought production with first month IP at 3.4 6.0 MMcf/d ( One at 50% WI, three at 100%) Remaining 2011 plans: Three Hz wells to be drilled Two Hz wells to be…
Paramount Musreau/Resthaven Montney Lands Liquids-rich Montney gas play 15-28 Drilling 13-33 (50%) June 2010 Paramount completed vertical On production Upper Montney well with high flow rates 7-35 Vertical Re-entry Producing…
Economics of Kaybob 5.3 Bcf Horizontal Well 12
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 Eight wells completed to date with consistently improving results 10.9 MMcf/d Latest well is first Lower Doig well: tested 15 MMcf/d 9.3 MMcf/d 5.2 MMcf/d 2.5 MMcf/d Gathering system expansion to…
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 15
North Dakota Bakken light oil play - entered in 2002 Land in Bakken/Three Forks trend; operated 1-26H through 100% owned subsidiary Summit Resources Inc.; 1,100 Bbl/d currently Competitor well: 1,900 Boe/d IP Competitor well…
Paramount Investments
Paramount Investments 24.1 MM shares of Trilogy 27.00/share 650 MM 43.8 MM MGM Energy Corp. shares 9 MM 0.20/share Paramount Drilling U.S./Fox Drilling Inc. 45.0 MM 3.7 MM shares of MEG Energy 45.00/share 167 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 22
Liard Basin Type Logs Besa River Shale Gas 225 m shale section 300+ OGIP/section 23
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…
APPENDIX A
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
Loading...
