Shale Gas in Quebecs St. Lawrence Lowlands A Larger than Predicted Playtrend Peter Dorrins 1 Qubec Exploration 2008 Jean-Sbastien Marcil
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…
Junex Junexs Land Holdings Galt Haldimand Oil Discovery St Lawrence Lowlands Gasp Gasp Peninsula 1,382,000 acres Ordovician Shale Project 101,000 net acres Devonian Shale Project 811,000 net acres 3
St Lawrence Lowlands Shale Gas Playtrend Definitions & Potential 4
Fairway Definitions Heart of the Play Focus 3 and Focus 1 Focus 2 5
St. Lawrence Lowlands Utica Fairways & Land Position 6
LAND POSITION IN THE DEEP TESTED UNDISTURBED FAIRWAY (HEART OF THE PLAY) 80,243 NET ACRES Trois-Rivires Ouest Bcancour / Champlain Junex 100% 143,141 acres 6,596 net acres Junex 5% 3,478 in Fairway Convertible in 15% WI FST…
SIGNFICANT RESOURCE POTENTIAL IN THE HEART OF THE PLAY Forests assumptions Junex Net Sections: - in the JV with Forest Junex Net Sections: 45.58 67.98 - In the Fairway - intested the JV100% withJNX : Forest 57.3545.58 67.98 - in…
FOCUS 1 - DEEP UNTESTED SHALE BETWEEN THE YAMASKA FAULT AND LOGANS LINE Heart of the Play Focus 3 and Focus 1 Focus 2 9
FOCUS 1 - DEEP UNTESTED SHALE BETWEEN THE YAMASKA FAULT AND LOGANS LINE Evaluation of the Utica Shale potential + 2 Multi-target Richelieu South wells in order to test the TBR 3 blocksDevelopment of the Haldimand Discovery of permits…
FOCUS 1 - DEEP UNTESTED SHALE Vitrinite rflectance March 2008 BETWEEN THE YAMASKA FAULT AND Ro LOGANS LINE 0 0,00 1,00 2,00 3,00 4,00 Condensat Gaz Sec Huile Anchizone Shale Evaluation Gas Potential is Indicated of the…
FOCUS 1 - DEEP UNTESTED SHALE BETWEEN THE YAMASKA FAULT AND LOGANSEvaluation LINE of the Utica Shale potential + 2 Multi-target wells in order to test the TBR Development ESTIMATED of the Haldimand Discovery RECOVERABLE to increase…
FOCUS 2 DEEP STRUCTURED UTICA SHALE POTENTIAL Heart of the Play Focus 3 and Focus 1 Focus 2 13
FOCUS 2 - DEEP STRUCTURED UTICA SHALE POTENTIAL 233,547 net acres Lyster 108,360 acres Junex 100% WI St-Simon North 54,363 acres - Junex 90% WI JNX : 39,250 net acres in Fairway St-Simon South 54,363 acres Junex 100% WI…
FOCUS 2 : DEEP STRUCTURED SHALE POTENTIAL A-187 A-184 Vitrinite rflectance Many gas shows reported in existing wells March 2008 Very thick shale sequence in gas window Ro 0,00 1,00 2,00 3,00 4,00 Evaluation of Shale Three…
FOCUS 2 - DEEP STRUCTURED UTICA SHALE POTENTIAL 233,547 net acres Lyster 108,360 acres Junex 100% WI St-Simon North 54,363 acres - Junex 90% WI JNX : 39,250 net acres in Fairway ESTIMATED RECOVERABLE St-Simon South UTICA…
FOCUS 3 SHALLOW & MEDIUM SHALE POTENTIAL Heart of the Play Focus 3 and Focus 1 Focus 2 17
North Shore permits A total of 316,063 acres with potential thermal North Shore permits gas & mixed thermal- biogenic gas 267,373 net acres with potential thermal & biogenic gas 267,373 net acres St-Augustin 1 well - Four 9 m cores…
Comparaison entre shale gas de diffrents bassins Utica Shales Basses-Terres du Saint-Laurent (Junex, 2008) Barnett Shale Gas fields, Texas, USA (Hill et al., 2007) Antrim Shale Gas fields, Michigan, USA (Martini et al., 2003)…
A-151 Louvicourt Mtal lAssomption FOCUS 3 : SHALLOW SHALE POTENTIAL Presence of biogenic Evaluation of thegas at Pointe-du-Lac Utica Shale potential + 2 Multi-target wells in order to test the TBR Many gas shows reported in…
FOCUS 3 SHALLOW & MEDIUM SHALE POTENTIAL A176 A160 Junex St-Augustin-de-Desmaures 1 36 meters of shale cores (1 in Lorraine & 3 in Utica) gas shows observed in Lorraine & Utica thermogenic (isotopic analysis) DST Gas to surface…
St-Augustin 1 Organic Matter Type 1000 Lorraine H y d ro g e n In d e x Type I 800 Utica 1 Type II Utica 2 600 Utica 3 400 200 Type III 0 0 20 40 60 80 100 120 140 160 Oxygen Index 22
St-Augustin Comparison to Forest Oils April 2008 Published Data Forest Oil Junex St-Augustin 1 (April 1, 2008 Analyst Conference) BARNETT UTICA UTICA LORRAINE Depth (m) 1372 to 2743 701 to 1829 360 to 560 0 to 360 Thickness (m) 46…
St-Augustin 1 Example Utica Gas Composition 1% 3% 11% 18% CH4 % 67% Ethane % Propane % Butane % CO2 % 27
St-Augustin 1 Example Lorraine Gas Composition 1% 12% 12% CH4 % 58% Ethane % 17% Propane % Butane % CO2 % 28
Frac at FST Champlain 1 Horizontal 29
Results from the North Shore permits Champlain 1 H and St-Augustin 1 Wells 267,373 net acres with could Validate Much potential thermal & of the North Shore biogenic gas Fairway St-Augustin 1 well - Four 9 m cores (Utica & Lorraine) -…
Conclusions Initial results indicate prospective playtrend may be much larger than some stakeholders forecast Focus 1 SW extension Utica in gas window Focus 2 Deep Structured Shale Very thick shale sequence in gas window Focus 3…
Shale Gas in Quebecs St. Lawrence Lowlands A Larger than Predicted Playtrend Peter Dorrins 32 Qubec Exploration 2008 Jean-Sbastien Marcil