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CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd.

Paramount Resources Ltd. · Apr 16, 2012 · 29 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. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 1
    2012 Energy Conference CIBC World Markets Inc. April 16, 2012
  2. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 2
    Corporate Profile 2011 average production: 17,426 Boe/d ( 78% gas weighting) 85.6 MM shares outstanding Market capitalization 25.00/share: 2.1 billion 50% insider ownership 1.2 million net acres undeveloped land (December 31,…
  3. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 3
    Core Areas Average Production (Boe/d) 2011 2012E Kaybob 8,361 12,600 Grande Prairie 3,568 6,500 Southern 3,425 3,800 Northern 2,073 2,100 Total Boe/d 17,426 25,000 2012 E&D Capital Budget: 475 MM 350 MM in Kaybob 2012 Strategic…
  4. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 4
    Kaybob Gas Resource CRETACEOUS GAS SANDS OGIP PER SECTION 70 Bcf/Section Average OGIP* Significant liquids-rich gas resource exists within Deep Basin tight sand reservoirs 40160 Bcf per section OGIP* 1.55.0 Bcf EUR per…
  5. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 5
    Paramount Musreau/Resthaven Montney Lands Liquids-rich Montney gas play June 2010 Paramount completed vertical Upper Montney well with high flow rates Paramount holds 209 sections (113,000 net acres) of Montney rights 2011 plans…
  6. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 6
    Dunvegan Hz Wells Hz Dunvegan well at Resthaven Tested 11.3 MMcf/d* at 6.2 MPa IP: 8.3 MMcf/d Producing 2.3 MMcf/d Cost: 8.3 MM d/c/t 12 10 Cum Production: 3.2 Bcf 8 MMcf/d 6 4 2 0 Jan 2010 May Aug Nov Feb 2011…
  7. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 7
    Fahler Hz Wells Hz Falher well at Musreau Tested 16.4 MMcf/d* at 20.8 MPa IP: 12 MMcf/d Producing 3 MMcf/d Cost: 8.6 MM d/c/t 18 16 Cum Production: 3.2 Bcf 14 12 MMcf/d 10 8 6 4 2 0 May 2010 Aug Nov Feb 2011…
  8. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 8
    Falher Production 9
  9. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 9
    Economics of Kaybob 4.9 Bcf Horizontal Well 10
  10. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 10
    Musreau Nineteen Hz wells drilled in 2011 Twelve Falher wells tested 9-30 MMcf/d* (31% - 100% WI) Five Montney wells tested 7- 10 MMcf/d* Cadotte Hz tested 6.7 MMcf/d* (50% WI) Dunvegan tested 6-16 MMcf/d * (50-100% WI) 16…
  11. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 11
    Resthaven/Smoky Nine Hz wells drilled in 2011 Four Dunvegan wells brought on production with first month IP at 3.4 6.0 MMcf/d (One at 50% WI, three at 100% WI) Ten wells planned in 2012 Work continues on the Smoky Deep- Cut…
  12. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 12
    Kaybob Plant Capacity Net POU Gross Raw Est. Net Raw Gas Capacity Sales Current Capacity MMcf/d MMcf/d Boe/d Musreau 45 45 8,600 Resthaven Plant 20 10 1,800 Smoky Plant 100 10 1,800 Kakwa Plant 40 4 720 Pembina Musreau Processing…
  13. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 13
    What is Deep-Cut Deep-Cut simply refers to capturing a higher amount of natural gas liquids present in certain high-heat content (rich) natural gas Liquids are generally captured by cooling the natural gas stream sufficiently to…
  14. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 14
    Deep-Cut 2.00/Mcf, 100/Bbl Volume Cost Generic Dry Gas 200 MMcf/d (33,333 Boe/d) 2.00/Mcf 400,000/day Royalty 5% (20,000/day) Operating Cost 0.50/Mcf (100,000/day) Total: 33,333 Boe/d 280,000/day 12.2 MMBoe 8.38/Boe 102 MM/year…
  15. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 15
    Paramount Deep-Cut Montney Project Economics Resource Needed: 200 MMcf/d x 365 73 Bcf/year x 10 year RLI = 730 Bcf 70 Bcf/section 50 % recovery = 20 Sections Cost 40 (5 MMcf/d wells) x 10 MM/well = 400 MM Gas Plant = 200 MM Total: 600…
  16. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 16
    Karr-Gold Creek Located 50 km SW of Grande Prairie Multi-zone potential, including Montney sour and Nikanassin, Gething, Bluesky and Falher sweet commingled gas Current lands 95,000 net acres (148 sections) Average 83% working…
  17. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 17
    Valhalla Montney/Doig Play Twelve wells completed to date Gathering system expansion to be completed Q1 2012 10+ MMcf/d compression completed Continued acquisition of strategic producing assets and land Plan to expand facility…
  18. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 18
    Birch Acquired with Prospex Completed Hz Montney well with promising results; significant liquids ratio on test Production forecast to be processed through pilot facility limited to 3 MMcf/d in April 2012 Drilled two additional…
  19. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 19
    North Dakota Bakken light oil play - entered in 2002 Bakken/Three Forks trend; operated through 100% owned subsidiary Summit Resources Inc.; 1,100 Boe/d currently Joint venture established April 2010 39,900 acres with…
  20. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 20
    Paramount Investments
  21. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 21
    Paramount Investments 19.1 MM shares of Trilogy 24.00/share 459.5 MM 43.8 MM MGM Energy Corp. shares 8.3 MM 0.19/share Paramount Drilling U.S./Fox Drilling Inc. 45.0 MM 3.7 MM shares of MEG Energy 36.00/share 133.2 MM Other…
  22. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 22
    Cavalier Energy Inc. Oilsands 1. Orchid 2. Saleski Initial delineation program completed Q1 2011 3. Hoole application stage 1 4. Goodlow 5. Granor DEBIP 6. House Hoole: 1.63 Billion Bbl 2 Paramount Carbonate: 1.62 Billion Bbl…
  23. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 23
    Cavalier Energy Inc. Hoole 2011 independent resource evaluation*: 1,320 - 1,822 MMBbl Discovered Exploitable Bitumen In-Place (Best estimate: 1,632 MMBbl) Economic contingent resources: 552 - 953 MMBbl (Best estimate: 763 MMBbl)…
  24. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 24
    Liard Basin Type Logs Besa River Shale Gas 225 m shale section 300+ Paramount holds 127,000 net acres prospective for OGIP/section shale gas 25
  25. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 25
    Operating Results Production Funds Flow Operating Costs G&A Boe/d MM /Boe /Boe 2012 Production Growing production and Maintaining cost Paramount has doubled guidance represents a cost control is resulting controls with…
  26. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 26
    Reserves Proved Reserves Proven plus Probable Reserves Natural Gas Crude Oil NGL Boe (6:1) % Reserve Category BCF MBbl MBbl MBoe Proved Producing 120.9 4,632 2,455 27,233 51 Proved Non-Producing 30.6 241 1,128 6,469 12 Proved…
  27. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 27
    Summary Exposure to significant reserve opportunities Deep Basin: Cretaceous, Montney Karr: Montney, Nikanassin Valhalla: Montney, Doig North Dakota: Bakken Chain: CBM Significant asset value Trilogy MGM MEG Energy Hoole…
  28. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 28
    ADVISORIES APPENDIX
  29. CIBC 2012 ENERGY CONFERENCE – Paramount Resources Ltd. – slide 29
    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

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