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October 2015 Corporate Presentation – Paramount Resources Ltd.

Paramount Resources Ltd. · Oct 31, 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. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 1
    Corporate Presentation October 2015
  2. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 2
    Corporate Profile Corporate Profile Founded in 1974; IPO in 1978 TSX: POU Market Cap: 106.2 MM shares 16.00/share 1.7 Billion 50% insider ownership Net Debt (June 30, 2015): 1.7 Billion 2015 Capital Guidance: 400 MM Low…
  3. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 3
    Deep Basin Resource Paramount Acreage (gross): 500 Sections Cretaceous Rights 364 Sections Montney Rights 209 Sections Duvernay Rights Deep Basin liquids-rich gas resources in multiple stacked horizons 40-160 Bcf/section DGIIP…
  4. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 4
    Cretaceous Gas Resource Hz Dunvegan well at Hz Falher well at Musreau Resthaven Tested 16.4 MMcf/d(1) at Tested 11.3 MMcf/d(1) at 20.8 MPa 6.2 MPa IP: 12.0 MMcf/d IP: 8.3 MMcf/d Cost: 8.6 MM d/c/t in 2010 Cost: 8.3 MM d/c/t in…
  5. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 5
    Cretaceous Economics Assumptions Capital: 7.0 MM horizontal well IP30: 9.0 MMcf/d Natural Gas (raw): 4.9 Bcf Raw Condensate Gas Ratio (CGR)(1): 17 Bbl/MMcf C2-C4 NGLs: 61 Bbl/MMcf Deep Cut Facility Economics(2) 2.75 AECO…
  6. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 6
    Montney Gas Resource Liquids-rich Montney gas play; Paramount holds 315 net sections of Montney rights Musreau Montney Wells Natural Wellhead Gas(1) Liquids(1) CGR(1) Total MMcf/d Bbl/d Bbl/MMcf Boe/d Wells IP 30 4.3 632 145…
  7. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 7
    Montney Rich Well Economics Rich Montney Wells (1) Gas Liquids CGR Total Wells MMcf/d Bbl/d Bbl/MMcf Boe/d IP 30 5.0 627 126 1,460 26 IP 90 3.8 408 108 1,041 17 IP 180 2.8 230 82 697 10 Wells < 30 days onstream and wells in…
  8. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 8
    Montney Ultra Rich Well Economics Ultra Rich Montney Wells(1) Gas Liquids CGR(1) Total Wells MMcf/d Bbl/d Bbl/MMcf Boe/d IP 30 2.2 820 365 1,187 8 IP 90 1.8 576 312 876 8 IP 180 1.7 494 296 777 6 Wells < 30 days onstream and…
  9. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 9
    Montney Drilling/Completion Improvements Pad drilling/pad layout Bits/muds/motors Well design: monobores/orientation/reservoir placement Toe up/toe down: effects on production Natural gas fueled rigs Plug and perf/sliding…
  10. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 10
    Montney Well Cost Progression Key Points Expected Well Cost (MM) 1.0 Mile 1.5 Mile (MM) Lateral Lateral Drill 4.3 5.1 Complete 3.9 5.8 Equip/Tie in. 1.0 1.0 Total 9.2 11.9 1.0 mile well cost reductions from 2014 to 2015:…
  11. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 11
    Musreau 2015 Capex: 250 MM Drill 19 (19 net) horizontal Montney wells Drill 5 Cretaceous horizontal/directional wells Completed amine plant Completed condensate stabilizer expansion: 18 MM Musreau gathering system expansion: 31…
  12. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 12
    Karr 2015 Capex: 75 MM Multi-zone potential, including Halfway, Montney sour and Gething, Bluesky, Falher sweet commingled gas Current plant and gathering systems 40 MMcf/d; expanding by 40 MMcf/d in 2016 2015: Drill 6 (5.5…
  13. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 13
    Deep Basin Processing Capacity Gross Net POU Potential Raw Gas Raw Gas Sales Capacity Capacity Volumes MMcf/d MMcf/d Boe/d (1) Musreau Deep Cut Facility 200 200 50,000 Musreau Refrig Facility 45 45 8,500 Smoky Deep Cut Facility…
  14. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 14
    Deep Basin Processing Capacity (1) (1) Please refer to the heading Deep Basin Processing Capacity in the Advisories section for further information. 15
  15. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 15
    Paramount Production History 16
  16. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 16
    Musreau 8-13 Complex October 13, 2014
  17. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 17
    Illustrative Deep-Cut - Montney Wells 200 MMcf/d x 23% Shrinkage = 154 MMcf/d Sales Gas (25,667 Boe/d) + 22,000 Bbl/d condensate + 18,000 Bbl/d NGLs Price(1) Yield Bbl/MMcf Deep-Cut Sales Gas 2.75/Mcf 154 MMcf/d 423,500…
  18. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 18
    Paramount Deep-Cut Montney - Illustrative Project Economics Paramounts shallow rights will add substantially to the RLI Paramount has de-risked a substantial amount of its land base and thus could have the potential to add a series…
  19. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 19
    Willesden Green Duvernay Shale Play 64,452 (34,305 net) acres of land Drilled and completed 3 (2.5 net) Hz Duvernay wells to date: 03/16-13-39-5W5: 1,000 Bbl/MMcf 7-19-39-5W5: 200 Bbl/MMcf Drilled and completed 3-28-39-5W5 (0.5…
  20. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 20
    Montney Valhalla: 65 sections (49 net) Montney/60 sections (44 net) Doig rights Montney/Doig Play 16 wells tied in at restricted rates (midstream constraints) Montney wells tested 3.0 - 12.5 MMcf/d + NGLs/Condensate(1) Doig wells…
  21. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 21
    Paramount Investments
  22. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 22
    Paramount Investments 23
  23. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 23
    Paramount 100% Subsidiary Investments (1) Independent evaluation by McDaniel & Associates Consultants Ltd. effective December 31, 2014 Please refer to Oil Sands Measures and Definitions in the Advisories section of this presentation…
  24. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 24
    Quarterly Operating Results 25
  25. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 25
    Simplified Illustrative Cash Flow H2 2015 2016 2017 Sales Volumes 56,000 Boe/d 70,000 Boe/d 70,000 Boe/d CAPEX 81 MM 300 MM 300 MM WTI Price (US/Bbl) 45/Bbl 70/Bbl 45/Bbl 70/Bbl 45/Bbl 70/Bbl EBITDA 159 MM 255 MM 434 MM 708 MM 434…
  26. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 26
    Conventional Reserves Columns may not add due to rounding. Conventional reserves only. Includes nominal amounts of estimated reserves in respect of Paramount's initial shale gas well at Patry, B.C. Reserves evaluated by McDaniel…
  27. October 2015 Corporate Presentation – Paramount Resources Ltd. – slide 27
    Summary Exposure to significant reserve opportunities Deep Basin: Cretaceous, Montney Valhalla: Montney, Doig Birch: Montney Willesden Green: Duvernay Significant asset value Trilogy MEG Energy Cavalier Energy Liard Shale Gas…

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