l Canadian Spirit Resources Inc. Corporate Presentation February 2015 TIMED FOR GROWTH
INVESTMENT CONSIDERATIONS CSRI represents a significant option value to supply natural gas to the proposed LNG projects on Canadas West Coast Montney natural gas resource focused in one core area at Farrell Creek 10.5 TCFE (gross);…
FARRELL CREEK LOCATION PRINCE RUPERT KITIMAT CSRI lands have all season access Strategically located on pipeline infrastructure that will service LNG facilities 4
LAND POSITION CSRI lands consist of 100% working interest and joint venture (Canbriam) lands Petronas purchase in November 2013 of Talismans (TLM) Farrell Creek interests immediately adjacent to CSRI property valued land at 5,700 per…
FARRELL CREEK CORE AREA Strategically located in Montney resource fairway. CSRI lands contiguous with dominant Montney players (Petronas, Crew Energy Inc. and Arc Resources Ltd.). All elements of infrastructure available for…
WEST BLOCK Delineation and validation of CSRI resource potential by third party drilling bordering CSRI lands. Over pressured Montney 12.7 EUR 6 Bcf , Kpa/m to 16.2 Kpa/m gradient IP 3.7 MMcf/d CSRI 100% WI c-81-H horizontal well,…
EAST BLOCK Adjacent to Arc Resources Ltd. 4-20 west Attachie liquids-rich production pilot. CSRI 1-31 vertical JV well tested at 370 Mcf/d from single stage frac with 16.2 Kpa/m gradient. CSRI 100% WI 1-1 operated horizontal…
2014 OPERATIONS & PRODUCTION CSRI operated two 100% WI horizontal wells 1-1-83-25W6 drilled in March 2014 3,250m measured depth, 900m horizontal in Montney Land retention well for nine sections of 100% WI east block lands…
MONTNEY RESOURCE & RESERVES GLJ - Company Resource Assessment, February 29, 2012* Natural Gas Resource Net (Bcf) Total Petroleum Initially in Place (TPIIP) 5,550 Discovered Petroleum Initially in Place (DPIIP) 1,928 Undiscovered…
Type Curve and Economics 6000 Type Well (3.7 mmcf/d) Analog Canbriam/CSRI c-B18-I well: Improved Completion (5.5 mmcf/d) 4500 Analogy Rig released April 2011, fracd Sept Production Rate, mcf/d 2011, on production Oct 2011…
MONTNEY FRAC WATER SOURCE PIPELINE CSRI owns a 25% WI in a 25 km pipeline that extends from the Williston Lake Reservoir to the Montney JV gas plant Secure access to water Government licence allows up to 10,000 cubic meters of water…
FINANCIAL POSITION Cash on hand: 2.7 million No debt, no obligations G&A burn rate Approximately 114k per month Approximately 91.2 million of tax pools available June 2014 - Private Placement - Units Price: 0.50 Gross…
SHARE INFORMATION TSX-Venture Trading Symbol SPI Shares Outstanding Basic (MM) 128.9 Market Capitalization 0.35/share (MM) 45.1 Management/Director Ownership - Basic 6.9 % Major Shareholder: Elmag Investments Inc. 37.9 %…
INVESTMENT SUMMARY Montney is one of the leading shale gas plays in North America CSRI represents a significant source for long term LNG gas supply Strategic infrastructure Expandable gas plants Frac water source pipeline CSRI…
CORPORATE INFORMATION Management TSX Venture Listing Reserve Evaluator J. Richard (Rich) Couillard Trading Symbol: SPI GLJ Petroleum Consultants Ltd. President & CEO Corporate Office Bank Dean G. Hill First Alberta Place ATB Corporate…
APPENDIX 18
DEFINITIONS OF OIL & GAS RESOURCES AND RESERVES Reserves a re es tima ted remaining quanti ties of oil and na tural gas and rela ted subs tances anti cipated to be recoverable from known a ccumulati ons , as of a gi ven da te, based on…
LOWER CRETACEOUS RESOURCE PLAY 100% WI 35,856 net acres to base of Jurassic Nikanassin Formation. Lower Cretaceous Gething, Moosebar and Gates tight sand and shale resource potential. 100% WI 1.1 MMcf/d Pilot Gas Facility,…
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