Corporate Profile Stock Symbol TSX CDH Shares Outstanding (2015/04/30) Basic 88,621,966 Diluted (Avg. exercise price 1.27) 92,106,132 Q1 2015 Average production rate 1,156 boepd Q1 2015 Positive working capital 27.9 MM Q1 2015…
Land and Reserves Undeveloped Land (net acres) 778,000 New Brunswick 195,000 Anticosti - Quebec 332,000 Old Harry - Quebec & NL 251,000 PVBT10% December 31, 2014 Reserves (GLJ) MM BOE (mm) Proved Developed Producing 3.6 58.2…
2015 Guidance 2015 Production Capacity(1) 1,125 boepd 2015 Cash Flow from Operations 8.7 MM 2015 Corporate netback (/boe) 35.15 2015 Capital Expenditures McCully 0.4 MM Old Harry 1.8 MM Anticosti* (carried) 0 MM Corporate 0.2 MM…
Board of Directors J. Douglas Foster, LL.B., Chairman President of Fostco Holdings (private investments) Former Partner Bennett Jones LLP Phill Knoll President of Knoll Energy Inc. (a private consulting company) Former CEO,…
Three World Class Prospects Focused on de-risking three high-impact prospects with tremendous upside potential while demonstrating prudent financial management Old Harry One of the largest Anticosti Anticosti (Quebec) Canadian…
Anticosti Island Liquids-Rich Macasty Shale Stratigraphic equivalent to Ohio Utica shale 30.7 bboe gross undiscovered resources (6.65 bboe net) (Sproule best estimate*) Over 1.5 million gross acres licensed ( 0.3 million net…
Anticosti Macasty versus Ohio Utica shale Anticosti Island is large enough to cover the Utica Shale Liquids Trend with Overlay of Anticosti Island productive Utica shale trend. Similar to Ohio, Anticosti is in thermal window for…
Anticosti Hydrocarbon L.P. Capital Program Highlights Corridors cost is carried for 15 stratigraphic coreholes and up to 3 horizontal wells with multi-staged fracture completions During 2014, 5 stratigraphic coreholes drilled.…
Anticosti Coring Results to Date Eight core intersections of the Macasty have Macasty Core from been completed since 2012 Chicotte Corehole Mature source rock with residual Total Organic Carbon (TOC) levels which, on a qualitative…
New Brunswick Assets Approximately 195,000 net acres McCully Natural gas production: productive capacity of 9 mmcf/d gross (6.5 mmcf/d net) Hiram Brook produces from conventional tight sandstone reservoirs Frederick Brook has…
Corridors New Brunswick Facilities at McCully Natural Gas Facilities (100% WI) include: Gas Plant - processing capacity of 35 mmcf/d 50 km of 8 transmission line to M&NP Gathering system (15 km of NB PEI pipe) NS 32…
Northeast USA Premium Natural Gas Markets Corridors production connected to Maritimes and Northeast Pipeline (MN&P) MN&P connected to premium Northeast U.S. market Corridor 2014 Average NG Sale Price - 8.59/mcf (CDN)…
Connecting Appalachian Gas to the Maritimes Numerous greenfield pipelines proposed Expect completion by 2018/2019 M&NP is bi-directional, will be reversed in time Significant tolls on new Appalachian pipelines will result in…
Long Term East Coast LNG Market Potential for NB Gas Connecting Appalachian gas to MN&P (est. 2018/19) will open up LNG export potential on East Coast of Canada. Multiple proposals for East Coast LNG Export terminal Canaport…
Frederick Brook Shale Resources Estimates Resource estimate (67 TCF gross, GLJ best estimate*) conducted over wide area (120,000 acres) Up to 600 bcf/section (GLJ best estimate) due to gross interval up to 1,100 m thick…
Frederick Brook Shale Gas tested over 20 KM extent FB shale is widespread and shale 2 Elgin wells flow-tested gas interval is up to 1100 m thick 6 wells producing or tested gas 4 producing wells in McCully, 3 of from separate…
Frederick Brook Shale Production History F-58 Frederick Brook Daily Production F-58 production at 180 mcf/d for 1000 past 7 years (1.65 Bcf 2P EUR) Monthly Production Rate (mcf/d) Very flat production curve with annual…
Frederick Brook Completion Design The 2010 frac program performed in two Elgin horizontal wells did not appear to create an effective completion Despite the productive G-41 a few hundred Apache B-41 Well meters away, tremendous…
Frederick Brook Comparison to Glacier Field (Alberta) Montney Producers Corridors F-58 well shows comparable IP rates to average vertical Glacier, Alberta wells Glacier vertical wells decline rapidly, F-58 decline rates are…
Frederick Brook Comparison to Glacier Field (Alberta) Montney Producers Technological advancements over a number of years in the Glacier Field have resulted in increased daily average gas rates Similar technology advancements…
Frederick Brook Shale Development Potential Next Steps Work through government moratorium for next 12 months Look for Joint Venture partner Develop next stage of pilot program Drill 6-10 regional vertical wells Complete with…
Old Harry Offshore Potential One of the largest undrilled geological structures in Eastern Canada* (43,000 acres/67 sq miles) under simple four-way closure Several direct hydrocarbon indicators identified: satellite seepage…
Controlled Source Electro- Magnetic (CSEM) Survey Corridor is purchasing a multi-client CSEM survey on the west coast of Newfoundland (Est. 1.8mm) Recording instruments are placed on the sea bottom and an electro-magnetic (EM)…
Old Harry Go Forward Plan In the market for a JV partner to drill an exploratory well (estimated US55 MM) Corridor intends to use CSEM technology to confirm hydrocarbons Regulator published Strategic Environmental Assessment in…
Strategic Priorities Corridor has sustainability combined with tremendous upside potential: Maximize cash flow and value of McCully assets Optimize strong pricing for gas production in Northeast U.S. market Emphasize Corridors…
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