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APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp.

Questfire Energy Corp. · Apr 13, 2015 · 37 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 1
    TSX-V: Q.A Q.B GAINING MOMENTUM. DRIVING VALUE. April 2015 Presentation
  2. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 2
    Questfires Vision Continue to efficiently grow the asset base through drilling, recompletions, optimization and strategic acquisitions Build a 10,000+ boepd production base with low decline and a low cost structure Maintain a small…
  3. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 3
    Corporate Highlights 5,501 boepd, 25% oil and NGLs Q4, 2014 Production Low base production decline of 12 15% per year Drilling success: 32 gross (12.8 net) wells drilled in 2014 with a 94% success rate 2014 Capital spending of 19.2…
  4. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 4
    Corporate Profile Shares Listing Shares Issued Held by TSX-V: 0.550 million Class B Officers and Directors (Basic) Q.A Q.B 17.318 million Class A Basic 56%* 20.694 million Class A Diluted * IncludesSpouses Debt/Banklines Jan.…
  5. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 5
    2014 Results Q4 2014 Production 2014 Production Funds Flow (Before Int.) Capital Spending 23.1 million 5,501 boe/d 5,103 boe/d 19.2 million (25% oil & NGL) Exit Bank Debt and W.C. Cash Flow per A Share Operating Netback 46 1.51…
  6. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 6
    2014 Year-End Reserves* 2014 F&D Costs 2014 Recycle Ratios 6.28/boe 2P 2.81 2P 6.82/boe TP 7.74/boe PDP 2.59 TP 2.28 PDP 2014 Year End Reserves 30.131 Mmboe 2P 20.071 Mmboe 1P 16.017 Mmboe PDP Base Production Decline Rate…
  7. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 7
    Lending Arrangements Manageable and Flexible Bank Line Facility Sale and Lease Back ATB Operating Line: 55 Financing million revolver 15 million Commitment with Stream Syndicated with the TD Asset Financial March 26, 2014 Bank…
  8. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 8
    Corporate Reserves as at December 31, 2014 Summary of Working Interest Reserves and NPV as of December 31, 2014 GLJ Jan. 1, 2015 Forecast Pricing Total Natural Natural Gas Total Oil Summary of Net Present Value - B.Tax Oil Gas Liquids…
  9. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 9
    Net Asset Value Per Share Proved and Proved Proved and Probable (MM except per share) Producing Total Proved Probable Plus Land GLJ Dec 31, 2014 NPV(10%) 138.163 164.866 237.196 247.196 Bank Debt & W.C. ( Dec. 31, 2014 ) (46.0) (46.0)…
  10. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 10
    Asset Base: Diversified, Low-Decline, Opportunity-Rich Land 816,464 gross acres Approx. 65% operated. Operated 352,128 net acres, (550 assets typically have high WI net sections) Underworked asset base Includes significant…
  11. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 11
    Target-Rich Asset Base Core Focus Areas Multiple recent Oil and liquids-rich gas targets successes Recent activity creates Well recompletions multi-well inventory in and new drilling three to four areas Fort McMurray Operated…
  12. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 12
    Central Alberta Multi-Zone Deep Basin Production and Drilling 1,500 boe/d Fort McMurray Central Alberta 40% oil and NGL Open Lake Multi-zone, Deep Basin production Brazeau Morningside Consistent with teams professional Edmonton…
  13. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 13
    Morningside Area Falher Horizontal Gas Development Project Bonavista Falher Hz Wells: IP30: 340 1000+ boepd Ave. IP30: 712 boepd 50 bbls/mmscf NGLs ALBERTA Proposed Questfire Falher Horizontal Wells 87.5% W.I.…
  14. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 14
    Morningside Falher Channels MORNINGSIDE Falher Channels 13-12-42-8 W4M Primary Horizontal drilling target Stacked channels with 18+ meters of pay. SECONDARY OGIP 12.5 bcf per section HZ TARGET NGL yield 40 bbls/mmscf Gas gathering…
  15. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 15
    Morningside Falher Horizontal Gas Well Type Curve EUR 470 Mboe (3 bcf + 120 Mbbls NGLs) 4,000 Capital 2.8 MM NPV10 2.8 MM 3,500 PIR10 1.10 3,000 ROR 74% Raw Gas Production Rate (mcf/d) Payout 1.1 years 2,500 F&D 5.88…
  16. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 16
    Open Lake Area Ostracod Oil Development Project 14 Vertical Multi-Zone Locations, 100% W.I. Ostracod B Productive sand outline Ostracod D Productive sand outline ALBERTA 9-21-42-6W5 I.P. IP 300 boped 15-17-42-6W5M…
  17. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 17
    Open Lake Area Multi-Zone Opportunities 2,175 m Viking Sands Mannville Channels 2,425 m 2,440 m Glauconitic 2,450 m Ostracod Sands B B 2,475 m Ellerslie C D D Rock Creek C Mississippian
  18. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 18
    Open Lake Vertical Ostracod Type Curve (Single Zone) EUR 245 Mboe Capital 1.4 MM NPV10 3.9 MM PIR10 2.8 180 ROR 164% 160 Payout 0.9 years 140 F&D 5.70 /boe Production Rate (boe/d) 120 Cost of Production: 10,029/boepd…
  19. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 19
    East Central Alberta Emerging Horizontal Oil Opportunities One of two main focus areas: Fort McMurray East Alberta 900 boe/d, 40% oil Mannville Auburndale Typical W4 Mannville gas and Hz Wildmere heavy oil Edmonton Cache…
  20. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 20
    W4 Horizontal Oil Prospects Perpetual Hz Drlg for Lloyd & Sparky 10-36 Strat Test Questfire 100% W.I. Drilled 2 100% WI Hz wells in Q3, 2014 Perpetual Hz Drlg for Lloyd Crew Hz Drlg for Sparky Mannville Perpetual Hz Drlg for…
  21. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 21
    Auburndale Area Lloydminster Formation Horizontal Oil Development 12 Horizontal Wells, 33.33% W.I. Lloydminster K pool 15.1 API ALBERTA 1 Section OOIP: 19 Mmbo Gross 12 Gross (4.0 net) Horizontal wells drilled to end of…
  22. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 22
    Mannville Area Sparky Horizontal Oil Development Project 8 to 16 Horizontal Locations, 100% W.I. Questfire land Questfire Sparky Hz oil location Sparky Hz. oil producer Sparky oil pool 3D seismic Two 100% WI Hz wells ALBERTA…
  23. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 23
    Wildmere Area Sparky Horizontal Oil Development Project Up to 28 Gross Horizontal Locations, 25% W.I. Questfire land Proposed Sparky Hz. oil location Sparky Hz. oil producer Sparky oil pool 3D seismic ALBERTA Sparky Q…
  24. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 24
    Mannville/Auburndale/Wildmere Horizontal Lloydminster/Sparky/McLaren Oil Type Curve EUR: 111 Mboe Capital: 0.9 MM 80 NPV10: 2.3 MM PIR10: 2.7 70 ROR: 185% 60 Payout: 0.9 years F&D: 8.09 /boe Production Rate (bopd) 50 Cost…
  25. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 25
    Oberlin/Red Deer Longer-Term Gas Potential Fort McMurray 1,050 boe/d Oberlin/Red Deer Twinning Chigwell 12% oil and NGL Edmonton Ferrybank Joffre Oberlin Longer-term potential Gadsby for CBM and liquids- Red Deer rich…
  26. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 26
    Oberlin Area Coal Bed Methane Potential Upside and Facilities 31 Infill Drilling Questfire land Questfire operated well Locations Questfire operated pipeline Proposed infill drilling location 35 Recompletion HSCN producers…
  27. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 27
    Lookout Butte Liquids-Rich Gas with Low Decline 950 boe/d with very long RLI Fort McMurray 100% WI 3,500-metre-deep, long-RLI pool Southern Alberta developed in 1960s, Cum Prod Edmonton 360 Bcf. 20% C5+ & NGLs (40+ bbls/mmscf)…
  28. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 28
    Medicine Hat Large Infill Drilling Potential 600 boe/d, 100% WI Fort McMurray Low operating costs Classic shallow gas (400 -500 m depth) Edmonton Medicine Hat and Second White Specks Extensive infill drilling and Red Deer…
  29. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 29
    Near-Term Activities and Goals Recompletions and Drilling Drill low risk/high 2015 Field Program reward plays Cash flow budget of approx. Morningside Falher Hz 7-10 million with 3-6 Viking-Kinsella McLaren million on drilling and Hz…
  30. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 30
    2015 Forecasts Base Case Cash Flow Spending 2015 Forecast Ave Production (boe/d) 5,200 5,300 Net Capital spending (MM) 7 - 10 Exit Oil & NGL (%) 26% - 28% Funds Flow From Operations (MM) 11 14MM Exit Senior Bank Debt and W.C.(MM)…
  31. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 31
    Advantages of Questfire Approach Experienced Team Opportunity-Rich Environment Senior management with strong Large land base. Assets were non- operational and exploration core to previous owner and experience. Basin-wide underworked.…
  32. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 32
    Protecting Cash Flow Hedges in Place as of April, 2015 Notional Period Commodity Contract Type Quantity Pricing Point Contract Price Jan. 1/15 - Dec. 31/15 Natural gas Purchased put 15,000 GJ/d AECO 7A Cdn3.00/GJ Jan. 1/15 - Dec. 31/15…
  33. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 33
    Management: Experienced. Skilled. High Ownership. Richard Dahl, President & CEO John Ramescu, VP Land Fred Laudel, VP Exploration Ronald Williams, VP Finance & CFO Professional Engineer Professional Landman 34 years Basin-wide…
  34. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 34
    Management: Proven through the Drill Bit. Focused on Lowering Costs. Darren Kisser, Bruce Shepard, VP Exploitation Rod Keller, Project Manager VP Engineering & Operations 34 years extensive Basin-wide 45 years experience in…
  35. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 35
    Board of Directors Roger MacLeod Neil Dell Richard Dahl Independent Director Independent Director President & CEO, Director 25 years experience in corporate law Professional engineer with 40 Professional engineer with 27 years years…
  36. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 36
    Why Invest in Questfire High-NAV asset base, very low Stable hedged cash flow, low Huge leverage to rising share price, low number of production decline, long RLI natural gas prices and oil shares outstanding Excellent,…
  37. APRIL 2015 CORPORATE PRESENTATION – Questfire Energy Corp. – slide 37
    Contact Richard Dahl, P.Eng. President & CEO Tel: 403-263-6688 Email: rdahlquestfire.ca GAINING MOMENTUM. DRIVING VALUE.

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