Investor Presentation FirstEnergy Capital Corp./Socit Gnrale March 9, 2011
Corporate Profile 2010 average production: 13,029 Boe/d ( 74% gas weighting) Intermediate gas focused producer/explorer 75.4 MM shares outstanding (February 28, 2011) Market capitalization 37.00/share: 2.79 billion Material…
Core Areas Average Production (Boe/d) 2010 Kaybob 4,495 Liard/Horn River Basin Grande Prairie 3,012 Northern 2,549 Southern 2,973 Total Boe/d 13,029 Karr/Gold Creek Hoole Resthaven/Smoky 2011 E&D Capital Budget: 450 MM…
Kaybob Gas Resource CRETACEOUS GAS SANDS OGIP PER SECTION Significant Deep Basin liquids-rich gas resource exists within deep basin tight 70 Bcf/Section Average OGIP sand reservoirs 40160 Bcf per section OGIP* 1.55.0 Bcf EUR…
Kaybob 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; 50% WI Fahler Hz at Musreau…
Musreau Four Hz wells drilled Q4 2010 Two Fahler tested 10-12.4 MMcf/d (28%, 50% WI) Cadotte Hz tested 6.7 MMcf/d (50% WI) Fourth well waiting on completion 2011 plans: 15 Hz wells; three drilled, one drilled and completed 54…
Resthaven/Smoky One Hz well drilled Q4 2010 Dunvegan tested 15 MMcf/d (50% WI) 2011 plans: 8 Hz wells; three drilled, one completed Dunvegan tested 10 MMcf/d (100% WI) 54 MM over 2011 and 2012 for additional 50 MMcf/d of capacity…
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…
Paramount Musreau/Resthaven Montney Lands Liquids-rich Montney gas play 15-28 LOC 2-33 Cored & Cased Will Drill Hz (50%) June 2010 Paramount completed vertical 7-35 Vertical Re-entry Upper Montney well with high flow rates 5-22…
Economics of Kaybob 3.7 Bcf Horizontal Well 11
Karr-Gold Creek Located 50 km SW of Grande Prairie Multi-zone potential, including 13.3 MMcf/d 3.5 MMcf/d;1.5 MMcf/d: Montney sour and Nikanassin sweet Dual Completion gas Gold Creek (Sweet) 13.4 MMcf/d Plant 7 MMcf/d Current…
Valhalla Montney/Doig Play Four wells completed to date with consistently improving 10.9 MMcf/d results Fifth well re entry completed: 9.3 MMcf/d 5.2 MMcf/d 2.5 MMcf/d 11 MMcf/d 1-33 Loc Sixth well is first Upper Montney:…
Ante Creek Montney Hz oil play Paramount et al tested first Hz oilwell at 1,000 Bbl/d plus solution gas (50% WI) Well currently being tied in Additional drilling planned for after spring break-up Paramount has identified 42…
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 21.30/share 514.3 MM 43.8 MM MGM Energy Corp. shares 10.1 MM 0.23/share Paramount Drilling U.S./Fox Drilling Inc. 45.0 MM 3.7 MM shares of MEG Energy 49.60/share 183.5 MM Other…
Carbonate Bitumen Trend 1. Orchid NISKU SUBCROP GR 2. Saleski plans for delineation OS program during MO upcoming winter NT S UB 3. House 1 CR OP 4. Hoole application stage 5. Goodlow 2 Paramount SURE…
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 21
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: Cretaceous Resthaven: Montney Karr: Montney, Nikanassin Valhalla: Montney, Doig North Dakota: Bakken Chain: CBM Significant asset value Trilogy MGM MEG Energy…
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…
Investor Presentation FirstEnergy Capital Corp./Socit Gnrale March 9, 2011
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