Energy Growth Conference FirstEnergy Capital Corp./Socit Gnrale November 16-17, 2010
Corporate Profile Q3 2010 average production: 13,967 Boe/d ( 75% gas weighting) Intermediate gas focused producer/explorer 72.6 MM shares outstanding (September 30, 2010) Market capitalization 21.50/share: 1.56 billion…
Core Areas Average Production (Boe/d) Q3 2010 Kaybob 4,829 Grande Prairie 3,425 Liard Basin Northern 2,646 Horn River Basin Southern 3,067 Total Boe/d 13,967 /Gold Creek 2009 E&D Capital: 93.4 MM 2010 E&D Capital Budget:…
Deep Basin Tight Sand Reservoirs Cardium Multiple stacked gas Shale gas potential bearing sands, coals and Dunvegan Tight sand gas shales reservoir 1.010.0 MMcf/d/well IP Cadotte 1.55.0+ Bcf EUR per well 3000m avg. Vert.…
Kaybob Gas Resource Significant proven gas resource CRETACEOUS GAS SANDS OGIP PER SECTION exists within deep basin tight sand reservoirs 40160 Bcf per section OGIP 1.55.0 Bcf EUR per vertical/directional well 2.5-5+ Bcf EUR per…
Kaybob Deep Basin liquids-rich gas Four wells per section and regional commingling has increased well performance and economics of area Dunvegan Hz at Resthaven (14-stage frac) onstream March 2010, still produces at 6.9 MMcf/d;…
Musreau Five Hz wells planned for Q4 2010 2011 plans: 11 Hz wells 35 MM Musreau plant 6 MM new sales line 3 MM new field compression 8
Resthaven Smoky Three Hz wells planned for Q4 2010 2011 plans: 11 Hz wells 35 MM for 50 MMcf/d of new capacity Gross Smoky plant would be 300 MMcf/d capacity 9
Deep Basin Dunvegan/Fahler Hz Dunvegan Hz Fahler well at well at Musreau Resthaven Tested 16.4 MMcf/d IP: 8.3 MMcf/d at 20.8 MPa Producing 6.9 Producing 9.1 MMcf/d after 6 MMcf/d after 3 months months Cost: 8.3 MM Cost: 8.6 MM…
Economics of Kaybob 3.7 Bcf Horizontal Well 4200m MD Horizontal Well (8 MM per well 3.7 BCF & 25 Bbl/MMcf NGL) 14,000 IP: 6.5 MMcf/d Reserves: 3.7 Bcf, 93 MBbl NGL 12,000 Capital: 8 MM, Hz well Var. Op. Cost: 0.60/Mcf 10,000…
Karr-Gold Creek Located 50 km SW of Grande Prairie Multi-zone potential, including Montney sour and Nikanassin sweet gas Current lands 95,000 net acres (148 sections) Average 83% working interest Recent Montney test rates:…
Karr Horizontal Wells 0 March 2009 500 September 2009 1000 November 2009 January 2010 1500 February 2010 2000 March 2010 Depth (m) 2500 August 2010 3000 3500 4000 4500 5000 0 1,000,000 2,000,000 3,000,000…
Karr New Drills 0 March 2009 September 2009 1000 November 2009 January 2010 2000 February 2010 March 2010 Depth (m) 3000 August 2010 4000 5000 6000 0 10 20 30 40 50 60 70 Days (Spud to Rig Release) 14
Valhalla Montney/Doig Play Four wells with improving results completed to date Fifth well re entry completed: 11 MMcf/d Gathering system expansion underway 10-15 MMcf/d compression planned for Q1 2011 15
North Dakota Bakken light oil play entered in 2002 Land in BakkenThree Forks trend; 1,100 Boe/d currently; operated through 100% 1-26H owned subsidiary Summit Resources Inc. Recent competitor well tested 1,900 Boe/d IP 30 days:…
Paramount Investments
Paramount Investments 24.1 MM shares of Trilogy 10.50/share 253.1 MM 43.8 MM MGM Energy Corp. shares 0.20/share 8.76 MM Paramount Drilling U.S./Fox Drilling Inc. 45.0 MM MEG Energy 38.00/share 140.6 MM Other (Paxton, NuLoch, Fox…
Carbonate Bitumen Trend 1. Orchid NISKU SUBCROP 2. Saleski plans for delineation program during upcoming winter GR OS 3. Granor MO NT 4. Pelican Lake ORR S 1 UB 5. House CR OP 6. Hoole application stage 7.…
Shale Gas Horn River Basin* wel l 0 2 /K-02 Maxhamish: 565 Bcf Liard South Slave Point Edge Ootla: 120 Bcf NWT NWT British Columbia Tattoo: 250 Bcf B.C. Maxhamish Quicksilver Liard South: 570 Bcf Devon SMR/ Devon…
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 e De vo g ni s tin an ru we l l 0 2 /K-0 2 Th ide r am Ca rb ona te La NWT B.C. Quicksilver Sh elf Devon Devon of SMR/ Ramshorn it LIARD BASIN…
Summary Exposure to significant reserve opportunities Deep Basin Karr Valhalla North Dakota CBM Significant asset value Trilogy MGM MEG Energy Carbonate Bitumen/Pelican Lake Hoole Oilsands Horn River/Liard Shale Gas…
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 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…
Energy Growth Conference FirstEnergy Capital Corp./Socit Gnrale November 16-17, 2010