Corporate Profile Q1 2011 average production: 13,097 Boe/d ( 75% gas weighting) 79.1 MM shares outstanding* Market capitalization 29.00/share: 2.3 billion 50% management ownership PSX Acq.: 180 MM : Adds 3,000 Boe/d / 18.6 MM…
Core Areas Liard/Horn Average Production (Boe/d) Q1 2011 River Basin Kaybob 5,246 Grande Prairie 2,954 Northern 1,958 Karr/ Gold Creek Southern 2,939 Total Boe/d 13,097 Musreau Hoole Resthaven/Smoky 2011 E&D Capital…
Kaybob Gas Resource CRETACEOUS GAS SANDS OGIP PER SECTION Significant Deep Basin liquids-rich 70 Bcf/Section Average OGIP* gas resource exists within deep basin tight sand reservoirs 40160 Bcf per section OGIP* 1.55.0 Bcf EUR…
Kaybob Applied Hz drilling and multi-stage fracs in 2010 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 MMcf/d…
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…
Musreau Five Hz wells drilled Q4 2010 Two Falher tested 10 - 12.4 MMcf/d (28%, 50% WI) Cadotte Hz tested 6.7 MMcf/d (50% WI) Dunvegan well tested 8.5 MMcf/d (40% WI) 2011 plans: 18 Hz wells; 9 drilled, two on production at 7 -…
Resthaven/Smoky One Hz well drilled Q4 2010 Dunvegan well brought on at 7 MMcf/d (50% WI); currently shut in due to processing capacity restraints 2011 plans: 8 Hz wells; four drilled, three on production 3 Dunvegan wells tested…
Paramount Musreau/Resthaven Montney Lands Liquids-rich Montney gas play 15-28 LOC 13-33 June 2010 Paramount completed vertical (50%) Upper Montney well with high flow rates 7-35 Vertical Re-entry 5-22 Montney 10-19 Paramount…
Economics of Kaybob 5.3 Bcf Horizontal Well 11
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 Five wells completed to date with consistently improving results 10.9 MMcf/d Sixth well is first Doig well: 9.3 MMcf/d tested 6 MMcf/d 5.2 MMcf/d 2.5 MMcf/d Gathering system expansion to be…
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…
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.; 1,200 Bbl/d currently Competitor well: 1,900 Boe/d IP Competitor well…
ProspEx Transaction Acquisition scheduled to close on May 31, 2011 subject to receipt of ProspEx shareholder approval and court and regulatory approvals Acquisition cost: 180 MM * 18.6 MM Boe P+P Reserves 132,300 (104,000 net)…
ProspEx Deep Basin Assets Liquids rich natural gas assets with multi-zone potential Consolidation of land and infrastructure in Deep Basin 37,400 (27,400 net) acres of undeveloped land in Deep Basin Adds 33+ (17+ net) Falher,…
Paramount Investments
Paramount Investments 24.1 MM shares of Trilogy 25.50/share 614.6 MM 43.8 MM MGM Energy Corp. shares 7.9 MM 0.18/share Paramount Drilling U.S./Fox Drilling Inc. 45.0 MM 3.7 MM shares of MEG Energy 51.25/share 189.6 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 23
Liard Basin Type Logs Besa River Shale Gas 225 m shale section 300+ OGIP/section 24
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
Forward Looking Statements Advisory Certain statements and information in this presentation constitute forward-looking information within the meaning of applicable Canadian and United States securities legislation. Forward-looking…
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…
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