EnerCom The Oil and Gas Conference August, 2014 RESOURCE FOCUS OPPORTUNITY PROVEN TRACK RECORD
Investment Attributes Resource Focus: World class Montney resource 109 TCFE TPIIP Significant contiguous land positions 826,400 net acres of land 72% undeveloped Opportunity: Well positioned to take advantage of new and evolving…
Sharpening our Focus B.C. Alberta Sask. 2014 Montney Acquisitions 122 million purchase price 74,311 net acres (115 net sections) 1,400 boepd production (98% natural gas) Montney NGL Rich Gas/Oil 8.5 mmboe 2P reserves* 15 TCFE of…
The Building A World of a Montney Class World Class Montney Resource: Resource 109 TCFE TPIIP 2014 2010 2008 2012 2007 2013 84 Miles Crew Montney Rights Acquired Montney Rights Crew/Acquired Montney Rights Acquired…
Septimus: Improving EURS and Exceptional Economics Frac Port Economics* Crew A16-7, IP1 5.2 mmcf/d Capex (4.2-5.5mm) 4.7 Crew B16-7, IP1 6.3 mmcf/d 1 Month IP (boepd) 955 Sales Reserves (bcf) 4.3 NPV10 (mm) 9.7 PIR 2.2 Crew…
West Septimus: Extension of Septimus Trend West Septimus Plant Site Crew 7-30 (2011) Max rate: 0.84 mmcf/d, 201 bbl cond./d To date: 0.31 Bcf, 43 mbbl cond. Pine River Over pressured (14 kpa/m) West Septimus Proven liquids…
Groundbirch: Potential New Growth Area Crew 2-4 Pad June 2014 Crew A2-4 Flare IP 1.7 mmcf/d IP 1.2 mmcf/d Crew A2-4 initial test rate 4.5 mmcf/d Crew 2-4 Pad Crew 2-4 initial test rate 3.5 mmcf/d Planned Groundbirch…
Tower: Emerging Montney Light Oil Play Tower Montney Economics 51 net sections (15 wells/section) = 765 locations Capex (mm) 6.5 1 month IP (boepd) 710 Reserves: Oil (mbbls) 150 NGL (mbbls) 60 Gas (BCF) .97 Crew 1-24 (2014)…