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MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp.

Questerre Energy Corp. · Mar 16, 2015 · 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. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 1
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  2. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 2
    1. Company Strategy 2. Liquids-Rich Montney, Alberta 3. Oil Shale 4. St. Lawrence Lowlands, Quebec 5. Outlook 2
  3. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 3
    Leverage extensive tight rock/shale rock expertise to acquire resources early and high grade to prove up reserves First mover in shale gas acquired acreage in Quebec almost 5 years ahead of industry Speakers at both domestic and…
  4. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 4
    Business plan has been successful in capturing high quality, large-scale resource 59 net sections in the Montney with 2P reserves of 9 MMBoe plus 2C reserves of 14 MMboe of condensate-rich natural gas resource established on 4 net…
  5. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 5
    SE Saskatchewan/ SW Manitoba Proven Torquay/Spearfish tight oil production with strong netbacks Western Alberta Condensate-rich Montney natural gas resource play with excellent economics Utah & Wyoming Oil shale commercialization…
  6. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 6
    Operating and Financial Results Capitalization and Liquidity As at/For Year Ended December 31, 2014 Working Capital Deficit () 9.25 million (March 10, 2015) 85 million Nil 15.39 million 21,666,552 8% 243,265,739 92% 1,076…
  7. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 7
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  8. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 8
    Montney play is approximately 500 km long by 200 km wide One of the largest oil and gas fields in world 449 TCF of marketable gas, 14.5 billion barrels of NGLs and 1.12 billion barrels of oil(1) Gas, oil and liquids-rich…
  9. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 9
    Sweet spot of the play is overpressured, liquids-rich area High liquids, particularly condensate key to strong play economics Questerre has built a significant land position in the sweet spot of this fairway Acquired 72 gross…
  10. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 10
    27 26 28 1. Paramount (Karr-Gold Creek) 21. QEC (16-07) 13.4MMcf/d + 670 bbl/d 3.5 MMcf/d + 245 bbl/d NGLs 2. NuVista (02-01) 22. QEC (03-19) 4.4MMcf/d + 231 bbl/d 5.83MMcf/d + 826 bbl/d 3. 7G & Celtic (01-29) 23. Conoco…
  11. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 11
    Successfully high-graded resource with growth in reserves Proved plus probable reserves increased by 5.56 MMBoe to 11.92 MMBoe with NPV-10% of 175.43 million and best estimate of contingent resources of 14 MMBoe with NPV-10 of 149.6…
  12. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 12
    Seeing benefits of learning curve with improvements in drilling Most recent 1.5 mile well drilled in 34 days compared to first 1 mile well at 64 days Further improvements expected with pad drilling and other efficiencies 12
  13. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 13
    Evolving completion designs suggesting meaningful improvements in IP rates Higher frac intervals and reduced spacing between fracs yielding better results Last well completed with 85 stage fracs as compared to first well with 15…
  14. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 14
    15 wells drilled and tested on our acreage at rates of 800 to 2,500 boe/d Condensate rates (Bbls/MMcf) have remained stable Evaluating different techniques to optimize production (liquids Normalized production relative to type curve…
  15. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 15
    Focused capital program in H1 2015 Targeting completions of existing wells and facilities expansion (double capacity to 30 MMcf/d and 5,000 bbl/d gross) with partners approx. 8.5 million net Behind pipe volumes of 1,000 boe/d net to…
  16. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 16
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  17. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 17
    Major resource on cusp of commercial development Estimated 2.8-3.1 trillion barrels in place worldwide with 2.1 trillion located in the United States(1) Questerre has an indirect interest in a US400 million joint venture with Total…
  18. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 18
    Field work began in summer of 2014 to build mine and first commercial-scale capsule Total and Red Leaf have approved updated budget and final permits received Current timeline is to complete construction and start capsule heating by…
  19. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 19
    Pasquia Hills, Saskatchewan Expanded 100% land position to 48,000 high-graded acres First phase of resource report completed with oil in place estimated at over 2 billion barrels Currently assessing resources that could be developed…
  20. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 20
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  21. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 21
    Best estimate of 18 Tcf of prospective resource on acreage 4.4 Tcf net to Questerre(1) Approximately 50% shallower than Montney formation Premium gas market - Natural gas prices 2X prices in Western Canada Tenure recently…
  22. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 22
    New majority government announces action plan for hydrocarbon development in Quebec Government recognizes development of natural resources could reduce provinces energy deficit Commissioning new environmental study for entire oil and…
  23. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 23
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  24. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 24
    Conservative capital program for Montney development Complete and tie-in existing wells and expand infrastructure and pipelines High grade operated assets and look to monetize through farmout and sales Red Leaf/Total JV proceeding with…
  25. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 25
    Board Management Michael Binnion, President & Chief Executive Officer Michael Binnion, President & Chief Executive Officer Peder Paus, Chairman Merchant banking experience Conventional Asset Team Former Managing Director, Manufacturers…
  26. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 26
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  27. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 27
    New energy paradigm makes access to customers a critical path item 140 bbl 50/bbl (90%-100%+ of WTI/bbl) Questerre strategy is to secure access to all 5 bbl 50/bbl aspects of value chain (90%-100%+ of WTI/bbl) Processing…
  28. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 28
    Innovative approach that moves the process to the rocks instead of moving the rocks to the process Incorporates benefits and avoids challenges of both surface and subsurface processes Dramatically improves economics Modeling…
  29. MARCH 2015 CORPORATE PRESENATION – Questerre Energy Corp. – slide 29
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