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September 2015 Corporate Presentation – Questerre Energy Corp.

Questerre Energy Corp. · Sep 21, 2015 · 26 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. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 1
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  2. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 2
    1. Company Strategy 2. Liquids-Rich Montney 3. Oil Shale 4. St. Lawrence Lowlands 5. Outlook 2
  3. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 3
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  4. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 4
    Leverage extensive tight rock/shale rock expertise to acquire resources early and high grade to prove up reserves Success is driven by: Understanding the rocks to capture the economic sweet spot (4% of acreage with the best economics)…
  5. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 5
    Business plan has been successful in capturing high quality, large-scale resource Exceptional economics for liquids-rich natural gas in the Montney - 59 net sections with 2P reserves of 9 MMBoe plus unrisked 2C contingent resources of…
  6. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 6
    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 Oil shale commercialization project in…
  7. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 7
    Operating and Financial Results Capitalization and Liquidity As at/for the three months ended June 30, 2015 Working Capital Deficit () 18.2 million (August 28 2015) 55.6 million Nil 3.06 million 16,561,664 6% 248,370,627 94% 1,480…
  8. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 8
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  9. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 9
    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…
  10. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 10
    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…
  11. September 2015 Corporate Presentation – 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 (as at December 31, 2014) and best estimate(2C) of unrisked contingent…
  12. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 12
    Seeing benefits of learning curve with improvements in drilling Most recent 1.5 mile well drilled in 38 days compared to first 1 mile well at 64 days Further improvements expected with pad drilling and other efficiencies 12
  13. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 13
    Evolving completion designs suggesting meaningful improvements in IP rates Most recent wells with 90+ days of production completed with 85 stage fracs as compared to first well with 15 stages 13
  14. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 14
    Over 15 wells drilled and tested on our acreage Condensate rates (Bbls/MMcf) have remained stable Economics continuing to improve Improving well productivity through completions NPV-10% Per Well Internal Rate of Return Reducing…
  15. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 15
    Focused capital program in H2 2015 Completions of existing wells and participating with partners in additional wells, on a well-by- well basis, based on results and prices Current net production from JV acreage of 1,300 boe/d with…
  16. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 16
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  17. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 17
    Major resource with potential for commercial development Estimated 2.8-3.1 trillion barrels in place worldwide with 2.1 trillion located in the United States(1) Commercial demonstration project for EcoShale Technology deferred to…
  18. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 18
    Activity slowing down in 2015 with low oil prices Construction deferred to 2017 Red Leaf and Total ASA plan to incorporate improvements into capsule design Line of sight to commercial capsule production Field work for capsule…
  19. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 19
    SASKATCHEWAN Land position of 39,000 high-graded acres Drilled 16 wells in 2012 10-20 gallons/ton with select intervals of up to 16-20 gallons/ton within a 20-35 m section Further work suspended with low oil prices Oil…
  20. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 20
    Recently executed MOU for oil shale acreage in Jordan 388 sq. km area with 35 core holes analyzed by QEC Initial term of MOU is two years and can be extended Capital commitments of up to 3-5 million anticipated over term of MOU…
  21. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 21
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  22. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 22
    Approximately 50% shallower than Montney formation Premium gas market - Natural gas prices 2X prices of Western Canada Tenure recently extended beyond 2021 Operator recently acquired by Repsol SA Operations remain deferred…
  23. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 23
    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…
  24. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 24
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  25. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 25
    Conservative capital program for Montney development Complete and tie-in existing wells fill capacity for third party infrastructure contracts Capsule construction by Red Leaf and Total deferred till 2017 with current oil prices…
  26. September 2015 Corporate Presentation – Questerre Energy Corp. – slide 26
    Board Management Michael Binnion, President & Chief Executive Officer Michael Binnion, President & Chief Executive Officer Bjorn Inge Tonnessen, Chairman Oil & gas E&P experience & former senior equity research analyst Conventional…

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