2015 Corporate Highlights 16-33 Montney well producing initially at 1,800 boepd (30% condensate) Dunvegan oil well at 7-11 in Simonette. IP150 - 313 bopd 4-11 stepout well drilled and frac cleanup began Jan 31st Two additional…
Corporate Profile Trading Symbol TSX: CQE 2015 Average production 9,500 boepd 52-week trading range 0.24 - 1.11 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 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, CANADA Falher and Dunvegan 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 Truck Terminal CQE 9-10 Field…
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 strong initial results with high condensate yield and early production performance 16-33 well-deployed new completion technique with 3,050 m lateral and 70 frac stages Results highlight CQE 16-33…
Montney Drilling & Completion Costs Driving Improved Performance Implemented Montney drilling design changes saving time and providing flexibility Set deeper conductor pipe Simplified build angles to intermediate casing point…
Cequence Montney Gas Well Performance 10,000 Previous 2014-15 winter program (10 gross/9 net wells) Historic 5 bcf Montney Model 9,000 Montney Model Scaled for Increased Length (2500m) Consistent repeatable results Producing Day Gas…
Simonette/Karr Dunvegan Emerging Light Oil Development Dunvegan Oil play at Simonette is KARR ANALOG analogous to the Karr Oil Pool 9 gross (7.5 net) sections identified with oil development potential in Dunvegan Simonette Type…
Simonette Dunvegan Oil CQE 7-11 well flowed 47,000 bbls in 150 operating days (IP150 313 bbls/d) 41 API CQE 4-11 well drilled and completed. Frac cleanup began Jan 31st Multi-well facility upgrade completed in October: 2,000 bbl oil…
Hedging -approximately 50% of 2016 gas production hedged at 3.20 per mcf Volume Contract Type CAD Price GJ/d GAS 2016 January 1, 2016 to March 31, 2016 Average Gas Swap 25,000 2.88/GJ AECO 2016 April 1, 2016 to September 30,…
Conclusions Longer Montney wells with higher frac intensity enhance the commerciality of future development. Western lands have significantly higher condensate yield. Emerging Dunvegan oil results are very strong Preserve our…
Appendix Cequence Simonette 13-11 Compressor Station 18
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 20
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 22
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