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MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd.

Cequence Energy Ltd. · Mar 10, 2015 · 27 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 PRESENTATION – Cequence Energy Ltd. – slide 1
    cequence energy ltd March, 2015
  2. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 2
    Corporate Highlights Current production rate of 12,500 Boepd with 2,700 Boepd curtailed or awaiting tiein Increased proved developed producing reserves by 16% to 18.7 Mmboe (195 MM of NPV 10%) Increased proved plus probable…
  3. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 3
    Corporate Profile Trading Symbol TSX: CQE 2014 Production (Boe/d) 10,932 Current Production (Boed/d) 12,500 52week trading range 0.79 3.21 Shares outstanding 211 MM Insider ownership 13% FD Market capitalization (1) 211 MM Net…
  4. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 4
    Reserves and Finding Costs solid growth per share in reserves and value FD&A (/Boe) Reserves 2P Reserve Value 16.00 140 0.7 1200 6 Reserves increased 3 year average 140% since 2010 14.00 118 10.77 per Boe 120 0.6 1,004 113…
  5. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 5
    Corporate Production and Cash Costs Production (Boe/d) Cash Cost (/Boe) 16,000 20 Simonette driving growth 18 14,000 Sold 588 boed of 16 12,000 Merger with annualized Ansell 14 Temple Energy production in 10,000 2014 12…
  6. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 6
    Corporate Guidance March 2015 2014 Actual 2015 Guidance Average Production (Boe/d)(1) 10,932 11,500 Capital expenditures, prior to dispositions 180 MM 60 MM Capital expenditures, net of dispositions 29 MM 60 MM Operating and…
  7. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 7
    Alberta Deep Basin Montney a great neighbourhood R9 R8 R7 R6 R5 R4 R3 R2 R1W6 R26 R25 R24 R23 R22 R21W5 T69 Cequence owns 89 net sections of T68 Montney land at Simonette in the NUVISTA liquids rich, overpressured T67…
  8. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 8
    Simonette Montney 2014/15 Drilling Activity R1W6 R27 R26 R25W5 132 Pad 6 miles All 6 wells on stream January 2015 IP 30 day: 5260 boepd with T62 850 bbls/d condensate (combined) 1226 PAD 1226 Pad 100+ Bbls/MMcf Two…
  9. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 9
    Montney Drilling, Completion and Wellsite Equipment Costs Repeatable execution a must Pad drilling times and costs continue to improve 2013/14 well avg: 9.0 MM drill and Larger fracs being placed efficiently using ball drop system…
  10. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 10
    Cequence Montney Gas Well Performance 2014/15 Winter season (June to March) 201415 winter program 10 Gross (9 net) wells from pads 2 gross (1 net) wells tested inline at 6.8 MMcfd/well (not in average) Increased frac intensity…
  11. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 11
    Montney Half Cycle Economics Oil and Gas price required for 20% IRR BASE CASE HALF CYCLE ECONOMICS 7 bcf CASE Budget model IP (MMcf/d) 5.5 7.5 100 IP 30 (MMcf/d) 4.6 6.9 EUR (MBoe) 925 1,290 95 Greater than 20% IRR Raw Gas…
  12. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 12
    Simonette Upper Montney Development Plan R1W6 R27 R26 R25W5 Approximately 200 Upper 6 miles locations depending on optimum well length, interwell spacing and T62CURRENT commodity price HORIZONTAL TARGET 2.3 TCF DPIIP (1) in…
  13. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 13
    Cequence Simonette 1311 Compressor Station Cequence Simonette 1311 Compressor Station 14
  14. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 14
    13116227W5 Facility Expanded to 100 MMcfd Capacity Expanded capacity from 70 mmcfd, 2500 bbls/d to 100 mmcfd and 4000 bbls/d stabilized C5+ Plant was taken down January 6th to 13th for process equipment tiein and installation…
  15. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 15
    Simonette Project Strategic location near major infrastructure Alliance and TCPL options available R2 R1W6 R27 R26 R25 R24 R23W5 BRITISH COLUMBIA ALBERTA 3D Seismic Cequence Alliance Coverage T64 Meter Station SIMONETTE Capacity…
  16. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 16
    Simonette Dunvegan R2 R1W6 R27 R26 R25W5 Dunvegan Oil play T63 Cequence has 13 net potential sections on Dunvegan D trend Recent oil discovery in Dunvegan E trend offsetting T62 CQE acreage 1318 location has produced…
  17. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 17
    Dunvegan Gas Model 22 Working HALF CYCLE ECONOMICS 10026102W6 Model 20 05026102W6 IP (MMcf/d) 10.5 IP 30 (MMcf/d) 9.3 111206102W6/02 EUR (MBoe) 1050 18 Raw Gas (Bcf) 6.0 021106102W6 Condy (MBbl) 60 16 NGL (MBbl) 70 Working…
  18. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 18
    Hedging Contract Type Volume GJ/d CAD Price 2015 January 1, 2015 to March 31, 2015 Average Gas Swap 27,583 3.67/GJ AECO 2015 April 1, 2015 to September 30, 2015 Average Gas Swap 30,000 3.36/GJ AECO 2015 October 1, 2015 to…
  19. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 19
    Conclusions Strong consistent operational success moving to pad development Production growth achieved Preserve our balance sheet with reduced capex program in 2015 Solid hedge position 20
  20. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 20
    Appendix Cequence Simonette 1311 Compressor Station 21
  21. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 21
    Management and Board Management Team Board of Directors Paul Wanklyn President and CEO Don Archibald Chairman Todd Brown VP & COO Peter Bannister Steve Stretch VP Exploration and Chief Geophysicist Rob Cook Dave Gillis VP…
  22. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 22
    Financial Highlights Q4 2014 Q3 2014 % Change Average Daily Production (Boe/d) 9,720 9,694 0 Funds flow from operations (M) (1) 13,745 13,588 1 Per share, basic 0.07 0.06 17 Operating costs per Boe 6.67 7.65 (13) G&A per Boe…
  23. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 23
    Simonette Deep Basin Stack Dunvegan Wilrich Montney Simonette Upper CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething Simonette Lower POTENTIAL HORIZONTAL TARGET ZONE 24
  24. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 24
    Multiple Zones with Significant Resource Potential at Simonette CEQUENCE LAND Zone Total Resource Potential/Sec (1) 2,400m Dunvegan 525 BCF 2,500m Falher 524 BCF 2,700m Wilrich 524 BCF 2,800m Gething 525 BCF 2,950m…
  25. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 25
    Simonette Falher and Wilrich plays R2 R1W6 R27 R26 R25W5 Falher play 60 P&NG to Base BLUESKY BULLHEAD 75 55 2099-DEC-31 P&NG From Ba se CARDIUM FM To Base FERNIE P&NG to Base BLUESKY BULLHEAD 2015-JAN-1 2 50 50 15 INTER TERM…
  26. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 26
    Falher Model strong economics with 28 well inventory 14 Working HALF CYCLE ECONOMICS Model 161806101W6 IP (MMcf/d) 7.8 070606101W6 IP 30 (MMcf/d) 6.0 12 EUR (MBoe) 800 081806101W6 Raw Gas (Bcf) 4.0 3 well avg Condy (MBbl) 110…
  27. MARCH 2015 CORPORATE PRESENTATION – Cequence Energy Ltd. – slide 27
    www.cequence-energy.com Contacts: 3100, 525 - 8th Avenue SW Calgary AB T2P 1G1 Paul Wanklyn David Gillis President & CEO Vice President, Finance & CFO Phone: 403-229-3050 Fax: 403-229-0603 pwanklyncequenceenergy.com…

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