Corporate Profile Q3 YTD 2012 average production: 19,663 Boe/d ( 80% gas) 89.9 MM shares outstanding Market capitalization 35.00/share: 3.1 billion 50% insider ownership 1.2 million net acres undeveloped land (December 31, 2011)…
Core Areas Average Production (Boe/d) Q3 YTD 2012 Kaybob 10,710 Grande Prairie 4,299 Southern 3,014 Northern 1,640 Total Boe/d 19,663 2012 E&D Capital Budget*: 475 MM 350 MM in Kaybob 2012 Strategic Investments: 60 MM Build…
Kaybob Cretaceous Gas Resource Significant liquids-rich gas CRETACEOUS GAS SANDS OGIP PER SECTION 70 Bcf/Section Average OGIP* resource exists within Deep Basin tight sand reservoirs 40160 Bcf per section DGIIP* 1.55.0 Bcf EUR…
Dunvegan Hz Wells Hz Dunvegan well at Resthaven Tested 11.3 MMcf/d(1) at 6.2 MPa IP: 8.3 MMcf/d Producing 1 MMcf/d Cost: 8.3 MM d/c/t Cum Production: 3.9 Bcf 1) Please refer to the heading Test Results within the…
Falher Hz Wells Hz Falher well at Musreau Tested 16.4 MMcf/d(1) at 20.8 MPa IP: 12 MMcf/d Producing 2 MMcf/d Cost: 8.6 MM d/c/t Cum Production: 3.7 Bcf 1) Please refer to the heading Test Results within the Advisories…
Falher Production 8
Economics of Kaybob 4.9 Bcf Horizontal Falher Well * Based on processing through a refrigeration facility 9
Falher Drilling Time Improvements 10
Falher Completion Cost Improvements * * * * * * * Data points not included in trend 11
Montney Gas Resource Liquids-rich Montney gas play Paramount holds 210 sections(332 incl. Karr) (113,000 net acres) of Montney rights 2011 drilling included 5 Hz Montney wells: 15-33 (50% WI) tested over 10 MMcf/d (1) on…
Montney Cross - Section 13
Paramount Musreau/Resthaven Montney Lands 1) For Paramount well test results please refer to the heading Test Results within the Advisories section of this presentation for further information Test results from Competitor wells were…
3.7 Bcf Montney Type Curve * Based on processing through a refrigeration facility 15
Montney Wellbore Placement Placement of the wellbore matters: 1. Penetration rates 2. Accessing the best part of the reservoir 3. Toe up/toe down can effect the long term rates/EURs of the wells 16
Montney Drilling Time Improvements Pad drilling/Pad layout Bits/Muds/Motors Well design: monobores/ orientation/ reservoir placement Toe up/Toe down: effects on production Natural gas fueled rigs 17
Kaybob Plant Capacity Gross Net POU Est. Net Raw Raw Sales Gas Capacity Capacity Current Capacity MMcf/d MMcf/d Boe/d (1) Musreau 45 45 8,600 Resthaven Plant 20 10 2,000 Smoky Plant 100 10 2,500 Kakwa Plant 40 4 720 Pembina…
More NGLs - Why Now Historically, producers extracted only enough liquids to meet hydrocarbon dewpoint for sales gas pipeline specifications Value gas with higher natural gas liquids (NGL's) was sold as a higher heat content (more…
What is Deep-Cut Deep-Cut simply refers to capturing a higher amount of NGLs present in certain high-heat content (rich) natural gas streams Liquids are generally captured by cooling the natural gas stream sufficiently to change the…
Process Flow Chart: Musreau Deep Cut Facility Note: Illustrative example *Based on indicative prices and differentials which are subject to change 22
Illustrative Deep-Cut Economics 3.00/Mcf, 100/Bbl Mix of Cretaceous and Montney Montney Wells Only Example Wells Example 200 MMcf/d x 15% Shrinkage = 170 200 MMcf/d x 23% Shrinkage = 154 Price MMcf/d (28,333 Boe/d) Sales Gas MMcf/d…
Paramount Deep-Cut Montney - Illustrative Project Economics Resource Needed: 200 MMcf/d x 365 73 Bcf/year x 10 year RLI = 730 Bcf 70 Bcf/section 50 % recovery = 20 Sections Cost 40 (5 MMcf/d wells) x 10 MM/well = 400 MM Gas Plant =…
Karr-Gold Creek Located 50 km SW of Grande Prairie Multi-zone potential, including Halfway, Montney sour and Nikanassin, Gething, Bluesky and Falher sweet commingled gas Current lands 95,000 net acres (148 sections) Average 83%…
Valhalla Montney/Doig Play 16 wells tied in at restricted rates (facility constraints) Gathering system expansion and additional compression completed 2012 Continued acquisition of strategic producing assets and land…
Birch Acquired as part of the Prospex acquisition Completed Hz Montney well with promising results; significant liquids ratio on test Production processed through pilot facility limited to 3 MMcf/d Drilled, completed and tied…
Paramount Investments
Paramount Investments 19.1 MM shares of Trilogy 28.00/share 536 MM 54.1 MM MGM Energy Corp. shares 10 MM 0.18/share Paramount Drilling U.S./Fox Drilling Inc. 85 MM 3.7 MM shares of MEG Energy 35.00/share 130 MM Other (Paxton,…
Cavalier Energy Inc.
Created in December 2011 Experienced team led by CEO Dr. Will Roach (ex UTS) Paramount has contributed all of its oilsands assets to Cavalier Energy and seed capital Funding at the Cavalier level will be via a combination of…
Cavalier Assets Approximately 320 sections gross (316 net) Prospective primarily for conventional oilsands, bitumen in carbonates, and cold flow heavy oil Hoole Project: 100% WI 1) Resource estimates are Best Estimate based…
Hoole Grand Rapids - 1st Project Grand Rapids Reservoir = 30 %, k = 1 to 4 D d = 250m, h 20m, p = 1,500 kPa Viscosity = 200,000 to 2,000,000 cp McDaniel Best Estimate : DEBIP=1.6 Billion 1AA/06-13-081-24W4/00 Paramount…
Liard Basin Recently announced Liard Basin industry test results(1): 170-500 Bcf / section OGIP 20% expected recovery 34-100 Bcf sales gas/ section Paramount holds 180 net sections with production potential from the Besa…
Liard Basin Cross Section Besa River Shale Gas 35
Quarterly Operating Results Production Operating Costs Boe/d /Boe Q3 YTD 2012 Maintaining cost production controls with represents a 17% increasing production growth year over volumes is driving per year YTD Q3 2011 Boe operating…
Summary Exposure to significant reserve opportunities Kaybob Deep Basin: Cretaceous, Montney Karr: Montney, Nikanassin Valhalla: Montney, Doig Birch: Montney Significant asset value Trilogy MGM MEG Energy Cavalier Energy Horn…
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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