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ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd.

Paramount Resources Ltd. · May 8, 2013 · 37 slides

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  1. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 1
    ANNUAL GENERAL MEETING May 8, 2013 1
  2. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 2
    Corporate Profile Q1 2013 production: 22,591 Boe/d (85% gas) 91.3 MM shares outstanding Market capitalization 36.00/share: 3.3 billion 50% insider ownership 1.2 million net acres undeveloped land (December 31, 2012) Net Debt:…
  3. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 3
    Core Areas Average Production (Boe/d) Q1/2013 Kaybob 14,156 Grande Prairie 4,844 Southern 2,028 Northern 1,563 Total Boe/d 22,591 2013 Capital Budget: 550 MM (includes Strategic Investments) 4
  4. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 4
    Kaybob Cretaceous Gas Resource Significant liquids-rich gas resource exists CRETACEOUS GAS SANDS DGIIP PER SECTION within Deep Basin tight 70 Bcf/Section Average DGIIP(1) sand reservoirs 40160 Bcf per section DGIIP(1) 1.55.0 Bcf…
  5. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 5
    Dunvegan Hz Wells Hz Dunvegan well at Resthaven Tested 11.3 MMcf/d(1) at 6.2 MPa IP: 8.3 MMcf/d Producing 2 MMcf/d Cost: 8.3 MM d/c/t 6 1) Please refer to the heading Test Results within the Advisories section of this…
  6. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 6
    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 7 1) Please refer to the heading Test Results within the Advisories section of this presentation…
  7. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 7
    Falher Production 8
  8. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 8
    Economics of Kaybob 4.9 Bcf Horizontal Falher Well 9 * Based on processing through a refrigeration facility
  9. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 9
    Falher Drilling Time Improvements 10
  10. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 10
    Falher Completion Cost Improvements 11 * Data points not included in trend
  11. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 11
    Montney Gas Resource Liquids-rich Montney gas play Paramount holds 229 sections (125,000 net acres) (335 incl. Karr) of Montney rights 2011 drilling included 5 Hz Montney wells: tested 7.212 MMcf/d(1) +NGLs 2012 program included…
  12. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 12
    Montney Cross - Section 13
  13. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 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 14 presentation for further information. Test results from Competitor wells…
  14. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 14
    3.7 Bcf Montney Type Curve 15 * Based on processing through a refrigeration facility
  15. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 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(1) of the wells 16 1) EUR denotes…
  16. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 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
  17. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 17
    Montney Completion Cost Improvements Cemented liners/open- hole packers (ECPs) Plug and perf/sliding sleeves Frac sizing/spacing/ clusters Frac fluid/fluid handling Pumping techniques Frac fluid recycling Proppants Flow…
  18. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 18
    Kaybob Plant Capacity Net POU Est. Net Gross Raw Raw POU Sales Capacity Capacity Capacity(1) Current Capacity MMcf/d MMcf/d Boe/d Musreau Refridge Plant 45 45 8,500 Resthaven Plant 20 10 2,000 Smoky Plant 100 10 2,500 Kakwa…
  19. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 19
    Process Flow Chart: Musreau Deep Cut Facility 20 Note: Illustrative example *Based on indicative prices and differentials which are subject to change
  20. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 20
    Illustrative Deep-Cut 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 (25,667 Boe/d) Sales Gas 100…
  21. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 21
    Paramount Deep-Cut Montney - Illustrative Project Economics Paramounts shallow rights will add substantially to the RLI Paramount has de-risked a substantial amount of its land base and thus could have the potential to do this many…
  22. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 22
    Karr-Gold Creek Located 50 km SW of Grande Prairie Multi-zone potential, including Halfway, Montney sour and Nikanassin, Gething, Bluesky, Falher sweet commingled gas Current lands 95,000 net acres (148 sections) Average 83%…
  23. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 23
    Valhalla Montney/Doig/Boundary Lake 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…
  24. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 24
    Birch 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 in two additional horizontal Montney wells…
  25. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 25
    PARAMOUNT INVESTMENTS 26
  26. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 26
    Paramount Investments 19.1 MM shares of Trilogy 30.00/share 574 MM 54.1 MM MGM Energy Corp. shares 11 MM 0.20/share Paramount Drilling U.S./Fox Drilling Inc. 85 MM 3.7 MM shares of MEG Energy 104 MM 28.00/share Other…
  27. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 27
    CAVALIER ENERGY INC. 28
  28. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 28
    Cavalier Energy Inc. Created in December 2011 Experienced team led by CEO Dr. Will Roach (ex UTS) Paramount has contributed its oilsands assets and seed capital to Cavalier Energy Funding at the Cavalier level will be via a…
  29. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 29
    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…
  30. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 30
    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 Bbl(1) 75 wells drilled to date; 39 cored…
  31. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 31
    Liard Basin Drilled and completed b-40-I Clean-up test: 5-14 MMcf/d(1) Tie in planned for late 2013 to evaluate well performance Drilling of d-57-D/94-O-12 to be completed in fall 2013 Recently announced Liard Basin industry test…
  32. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 32
    Liard Basin Cross Section Besa River Shale Gas 33 33
  33. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 33
    Quarterly Operating Results Natural gas and Operating expenses NGLs sales volumes decreased due to increased 20% in Q1 the sale of higher 2013 despite the cost Northern and impact of property US properties. dispositions and…
  34. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 34
    Reserves Light & Natural Medium Gas Crude Oil NGL Boe (6:1) Reserve Category BCF MBbl MBbl MBoe Proved Producing 143.3 1,416 4,198 29,501 Proved Non-Producing 37.6 123 3,695 10,090 Proved Undeveloped 21.0 - 7,769 11,266 Total…
  35. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 35
    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…
  36. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 36
    ADVISORIES APPENDIX 37
  37. ANNUAL GENERAL MEETING OF SHAREHOLDERS CORPORATE PRESENTATION – Paramount Resources Ltd. – slide 37
    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 42

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