2015 Corporate Highlights 13-11-62-27W5 Refrigeration plant and NGTL tie-in project proceeding 11% under-budget and ahead of schedule Successful Dunvegan oil well at 7-11 in Simonette. IP85 338 bopd 4-11 stepout well drilled with…
Corporate Profile Trading Symbol TSX: CQE Q3 2015 Production (Boe/d) 8,822 52-week trading range 0.30 - 1.35 Shares outstanding 211 MM Insider ownership 11% FD Market capitalization (1) 75 MM Net Debt - Sept 30, 2015(2) 52.5…
Reserves and Finding Costs solid growth per share in reserves FD&A (/Boe) Reserves 2P Reserve Value 16.00 140 0.7 1200 6 Reserves increased 3 year average 140% since 2010 14.00 118 10.77 per Boe 120 0.6 1,004 113 1000 12.00…
Corporate Guidance November 2015 Revised 2015 Guidance Average Production (Boe/d)(1) 9,500 Capital expenditures, net of dispositions 22 MM Operating and transportation costs per Boe 11.20 G&A costs per Boe 2.35 Royalties (% of…
Simonette Cequences Key Asset Deep Basin - Approximately 120 km SE of Grande Prairie Multi zone targets including Montney, Gething, Wilrich, Falher and Dunvegan CANADA USA Simonette is 85% of corporate production, and 95%+ of…
Simonette Egress Strategic location near major infrastructure Optionality on both major gas systems in Alberta Cequence Alliance SIMONETTE Meter Station Capacity 120 MMcf/d Pembina Lator Trilogy Plant Truck Terminal 9-10 CQE…
Western Canada gas system maintenance and pricing differentials 4.00 3.00 2.00 1.00 NGTL maintenance outages continue Price (/GJ) 0.00 -1.00 to put pressure on Alliance CREC -2.00 pricing -3.00 -4.00 -5.00 CREC AECO 5A…
Alberta Deep Basin Montney- An active area Cequence Simonette lands on over- pressured Montney trend NUVISTA Industry focusing on High quality low cost liquid rich areas Less exploration/delineation Industry optimization trend…
Simonette Montney 16-33 location-deploying new completion technique with planned 3,000 m lateral and 75 frac stages Upgraded average CQE inventory to 2,500 m laterals (20% longer) with 2.2x frac stages from CURRENT…
Montney Drilling & Completion Costs Driving Improved Performance 0 1000 Implemented Montney design changes saving time and providing flexibility 2000 Depth (TMD m) Set deeper conductor pipe 3000 Simplified build angles to…
Cequence Montney Gas Well Performance 10,000 Historic 5 bcf Montney Model 2014-15 winter program (10 gross/9 net wells) 9,000 Montney Model Scaled for Increased Length (2500m) Producing Day Gas Rate (Mcf/d) Montney Model Scaled…
Simonette/Karr Dunvegan Emerging Light Oil Development Dunvegan Oil play at Simonette is KARR ANALOG analogous to the Karr Oil Pool CQE 7-11 well (50% WI) completed in July 2015 Simonette Type Log CQE 10-9 4-11 stepout well…
Simonette Dunvegan Oil CQE 7-11 well flowed 28,700 bbls in 85 operating days (IP85 338 bbls/d) 41 API Multi-well facility upgrade completed in October: 2,000 bbl oil per day capacity with tank vapor recovery system. 7-11 well flowing…
Hedging Volume Contract Type CAD Price GJ/d GAS 2015 July 1, 2015 to September 30, 2015 Average Gas Swap 30,000 3.36/GJ AECO 2015 October 1, 2015 to December 31, 2015 Average Gas Swap 28,342 3.40/GJ AECO 2016 January 1, 2016…
Conclusions Strong consistent operational success moving to Montney pad development Emerging Dunvegan oil development Preserve our strong balance sheet with reduced capex program in 2015 & Midstream partnership Solid hedge…
Appendix Cequence Simonette 13-11 Compressor Station 19
Management and Board Management Team Board of Directors Paul Wanklyn - President and CEO Don Archibald - Chairman Todd Brown VP & COO Peter Bannister Steve Stretch - VP Exploration and Chief Geophysicist Rob Cook Dave Gillis…
Simonette Deep Basin Stack Dunvegan Wilrich Montney Simonette Upper CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething Simonette Lower POTENTIAL HORIZONTAL TARGET ZONE 21
Multiple Zones with Significant Resource Potential at Simonette Zone Total Resource Potential/Sec (1) 2,400m Dunvegan Gas 5-25 BCF Dunvegan Oil 5-10 MMBBL 2,500m Falher 5-24 BCF 2,700m Wilrich 5-24 BCF 2,800m Gething 5-25…
Simonette Falher and Wilrich plays Falher play Cequence has 28 potential locations on 14 net existing sections Wilrich play 20 net sections currently mapped with 40 potential locations 6 miles 23
www.cequence-energy.com Contacts: 3100, 525 - 8th Avenue SW Calgary AB T2P 1G1 Paul Wanklyn David Gillis President & CEO Vice President, Finance & CFO Phone: 403-229-3050 Fax: 403-229-0603 pwanklyncequence-energy.com…
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