Quebecs Shale Gas Plays The Utica and Beyond Presented by Peter Dorrins COO - JUNEX Inc. In collaboration with Jean-Yves Lavoie, CEO Jean-Sbastien Marcil Jrmie Lavoie Nabila Mechti Canadian Institute Eastern Canada Shale Gas…
Prospective Statements Prospective Statements This document contains prospective statements which state the expectations of management with regards to the growth, the operation results, the return and the commercial prospects and…
Outline Corporate Summary Summary of Recent Events Qubec Shale Gas Plays Context, Location & Advantages Characteristics of Qubec Shales Qubec Utica Shale Gas Fairways Utica Shale Gas Potential Where is the Liquids-Rich…
An Active Explorer in Qubec Created in 1999 & listed on the TSX Venture Exchange in June 2001 First Mover in the St. Lawrence Lowlands Basin (land position built 2002-2005) Largest Landholder in the Utica Shale Gas Play ( 30% of…
An Active Explorer in Qubec (Continued) The first pure play shale gas partnership deal done in Quebec JNX and Forest Oil in 2006 for the Bcancour Block Headquarters in Quebec City Management team, Board members & Technical staff with…
Recent Events Sustainable Development of the Shale Gas Industry in Quebec Bureau daudiences publiques sur lenvironnement (BAPE) public hearings announced on August 29th 2010 BAPE hearings and related field visits & investigations…
Recent Events (Continued) March 16th Government extended the Strategic Environmental Evaluation to also apply to all oil & gas operations province-wide March 17th Quebec Provincial Budget tabled: Current system of natural gas…
Advantages Location with Potential Historical Premium Price over NYMEX Local Market of 200 Bcf/year Proximity to Northeastern US Market Long-term Land Tenure Significant Utica OGIP Potential up to 180 bcf/sec Junex is…
Number of Wells Drilled in Quebec 30 449 wells drilled since 1859 into Paleozoic-aged rocks (as at end-2010) 25 Strategic Environmental Evaluation (24-30 months) 20 15 10 5 0 1850 1860 1870 1880 1890 1900 1910…
Junexs Land Position Galt Total OOIP Resources of Taconic Front 183 MMBO (NSAI P50) (overthrust) Haldimand St. Lawrence Lowlands Gasp 1.1 million gross acres in Utica Peninsula (30% of Utica Play) Chaleurs Bay (overthrust,…
Utica Shale Gas Where and when did it start Lower Lorraine and Utica Shales Gas Mud gas log Gas in shales in the St. Lawrence Lowlands known for decades however low gas prices, little infrastructure, and lack of pertinent technologies…
Southern Quebec Paleozoic Shale Gas Two Shale Basins Taconic Front (overthrust) St. Lawrence Lowlands X Galt Appalachian Haldimand Gasp Peninsula Potential in FourLowlands St. Lawrence Shales Chaleurs Bay (overthrust,…
Schematic Cross-Section X St. Lawrence Taconic Belt Volcanic Arc Acadian Belt X 3 Grenville Lowlands Taconic Front 5 2 (overthrust) Taconic Front 4 4 (overthrust) 1 Galt Galt Haldimand Lorraine Sh. Gasp Peninsula Gasp…
Southern Quebec Shale Gas Fairways To date, most operations have been performed in Play 1 - Medium to Deep Depth Shale Gas (1,000 - 2,000+ meters) in the central part of St Lawrence Lowlands Taconic Front (overthrust) Utica and…
LOWLANDS OUTLINE SHALE GAS Prospective Shale Intervals Ordovician-aged Utica Formation & Lorraine Formation Shales Industry is principally focused on Utica Shale at Lorraine this time Utica Utica - mainly black, organic-rich,…
Quebec Shale Gas Plays Exploration Activities 2006 to 2010 (Utica) 30 wells 11 horizontal 200 million invested NW Emerging play First pilot in 2011+ Operators: Talisman (10 wells 5H) JUNEX (7 wells) SE Canbriam (6 wells 3H)…
Utica Play Fairways NW SE Liquids-Rich Shallow to Medium (Depth) Medium to Deep Structured (overthrust) Thermogenic Thermogenic Shale Gas Thermogenic Shale Gas Shale Gas Logans Line Yamaska Fault Zone Quebec City/St-…
NW SE Utica Play Fairways Liquids-Rich Shallow to Medium Depth Thermogenic Shale Gas Thickness 100 to 220 m TOC 0.5 to 3% Maturity gas condensate to dry gas Gas Type thermogenic, liquids-rich Taconic Front (overthrust) Junex…
Shale Type (Mineralogy) Lowlands Appalachians Taconic Front Lorraine Shale Utica Shale Beauceville Shale (overthrust) Galt 30-40% Clay 0-20% Haldimand Carb 50-70% Qtz Gasp Peninsula St. Lawrence Lowlands Chaleurs Bay…
Permeability The ability of a rock to transmit fluid (liquid or gas) through pore spaces under the effect of a pressure gradient Unconventional Conventional Tighter than Tight Tight Extremely Very Tight Tight Tight Low Moderate…
Paleozoic Shales Regional Variation in Total Organic Carbon (TOC) Taconic Front Northeastern (overthrust) Lowlands : Utica with the highest TOC and Lower Maturity Galt Haldimand Southwestern Lowlands : Lorraine with the…
A Reminder About Resources Utica Shales potential is promising So far, some of the Utica in certain areas of the Lowlands have been classified as being Prospective Resources at best (function of available data, results, etc)…
NSAI Studies (2010 & 2011) Utica Shale Medium to JNX controls 30% of Utica Shale Play 66% of JNX Utica Shale acreage evaluated Deep Play Resource Potential OGIP Resource Potential 54 TCF (P50) JNX Net Recoverable 4.3 TCF (P50)…
Utica Shale Medium to Deep Play Resource Potential Canadian Institute Eastern Canada Shale Gas Symposium March 29 & 30, 2011 Montral
Liquids-Rich Utica Liquids-Rich Belt Taconic Front (overthrust) Coincides with Part Junex St- St-Augustin No. 1 Galt of Shallow-Medium Haldimand Depth Shale Gas Gasp Peninsula Fairway (mostly JNX land) St. Lawrence Lowlands Chaleurs…
Propane Frac of Liquids-Rich Utica Propane frac selected due to presence of liquids-rich gas in Utica Taconic Front First propane frac of a Gas Shale in Eastern Canada (overthrust Galt ) Shallowest frac of the Utica Shale thus far…
+ Shale Gas RE S ERV ES 5 20 Development es 4 urc Status of the Co nt i ng en t Re so Commercial Development 3 Utica (reclamation in part) s rce sou Barnett ve Re 2 Pilot Production t i Marcellus ec Testing…
Land Management Considerations Population Density & Shale Gas Exploration GIS/Mapping tool helps land management of shale gas exploration Main exploration operations performed to date in area with lower population density (0…
Land Management Considerations Agriculture & Shale Gas Exploration Green colors (Class 1-2-3) represent the area with the highest soil potential for agriculture Main Utica exploration operations to date mainly in Class 4 area…
Land Management Considerationss Agricultural Land Use & Proximity to Dwellings Narrow elongated land parcels (Seigneurial system 1627-1854) Agricultural land protected by law in Quebec - CPTAQ Commission manages agricultural…
Land Management Considerations Agricultural Land Use & Proximity to Dwellings Example of rang or farm road in St. Lawrence Lowlands near Quebec City Road quality varies throughout lowlands Can have moderate population density…
Land Use Image Appalachian Basin e hal Generally less developed S a agriculturally than Lowlands it c Taconic U Front ds lan (overthrust w Galt Lo ) More forestry activities present Haldiman d es Gasp a l Lower rural…
Significant Local Economic Benefits Are Essential From Direct Employment & Indirect Benefits Canadian Canadian Institute Institute 7th Canada Eastern Annual Shale Shale Gas Gas Symposium Symposium January March 2925 && 26,…
Summary Sizeable potential exists in certain Shale Gas Plays in southern Qubec Lowlands Ordovician-aged Utica and Lorraine Shales Taconic Front (overthrust) Appalachians Ordovician & Devonian-aged Shales Galt Proximity to markets…
Summary (Continued) Junex has significant exposure to these Shale Gas Plays Taconic Front (overthrust) Lowlands Junex is the largest landholder in Utica at 1.1 million gross Galt acres (850K net acres) with broad exposure to all…
Quebec s Shale In the Heart of theGas UticaPlays Play The Utica and Beyond Taconic Front (overthrust) Galt Haldimand Gasp Peninsula St. Lawrence Lowlands Chaleurs Bay (overthrust, 1,5 million acres etc)…
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