Montney Focused Deep Basin Gas Large operated land position in core Montney trend in Alberta Uphole Deep Basin Cretaceous targets Strong balance sheet, exit 2014 debt/cashflow < 1 times Facilities in place CANADA USA 6…
Corporate Profile Trading Symbol TSX: CQE Q3 Production (Boe/d) 9,694 Q3 Cash flow 13.6 MM 52week trading range 1.35 3.21 Shares outstanding 211 MM Insider ownership 13% FD Market capitalization (1) 316 MM Net Debt…
Recent Highlights Sold 1,600 Boepd nonoperated Ansell gas asset for 141 million in July First 3 wells of a six well Montney pad completed for a combined rate of 4,600 boepd (27% condensate). Expected on stream in December,…
Corporate Guidance (Revised November 2014) 2014 Q1 2015 Average Production (Boe/d)(1) 11,000 13,500 Exit Production (Boe/d) 12,000 15,000 Capital expenditures, prior to dispositions 185 MM 45 MM Capital expenditures, net of…
Current Simonette Operating Plan Focused development drilling program will drill 15 wells through March 2015 Continue optimizing Montney completions with decreased frac spacing and larger slick water fracs with increased sand…
Alberta Deep Basin Montney a great neighbourhood R9 R8 R7 R6 R5 R4 R3 R2 R1W6 R26 R25 R24 R23 R22 R21W5 T69 Cequence owns 89 net sections of T68 Montney land at Simonette in the NUVISTA liquids rich, overpressured T67 Montney…
Simonette Montney Drilling Plan through Q1 2015 R1W6 R27 R26 R25W5 132 Pad 6 miles Three wells tested at 4,600 boepd, on stream December 2 wells drilled 1 well drilling T62 1226 PAD 1226 Pad 2 wells drilled with…
Simonette Upper Montney Development Plan R1W6 R27 R26 R25W5 Approximately 200 Upper 6 miles locations depending on optimum well length and interwell spacing T62 CURRENT 5 year plan will drill HORIZONTAL TARGET approximately…
Cequence Montney Gas Producers 18 wells to date 12 BASE CASE CQE 5 BCF Base Case HALF CYCLE ECONOMICS HIGH CASE Budget model 11 CQE 7 BCF High Case IP (MMcf/d) 5.5 7.5 IP 30 (MMcf/d) 4.6 6.9 10 EUR (MBoe) 925 1,290 Raw Gas…
Simonette Montney Drilling Curves 0 Pad drilling showing consistent 02286126W5 repeatable results 1000 01286126W5 09286126W5 132 PAD 5 WELLS 15316126W5 2000 01066226W5 15246127W5 (TMD m) 1226 PAD Depth 3000…
Cequence Simonette 1311 Compressor Station Cequence Simonette 1311 Compressor Station 13
Simonette Project Strategic location near major infrastructure Full scale development has started R2 R1W6 R27 R26 R25 R24 R23W5 BRITISH COLUMBIA ALBERTA 3D Seismic Cequence Alliance Coverage T64 Meter Station SIMONETTE Capacity…
Simonette Operating Netback 45 40.35 Recycle Ratio on YTD 2014 40 netback 2.6 times (1) 35 Natural Gas 30 25 NETBACK = 29.03 /Boe 20 15 11.32 10 Condensate Operating 5 Royalty 0 NGLs Transportation…
Simonette Dunvegan, Falher and Wilrich plays R2 R1W6 R27 R26 R25W5 Dunvegan play Cequence has 13 net potential T63 Wilrich sections on Dunvegan D trend Recent oil discovery in Dunvegan E trend offsetting CQE acreage T62…
Dunvegan Model 22 Working HALF CYCLE ECONOMICS 10026102W6 Model 20 IP (MMcf/d) 10.5 05026102W6 IP 30 (MMcf/d) 9.3 18 EUR (MBoe) 1050 11126102W6/02 Raw Gas (Bcf) 6.0 Condy (MBbl) 60 16 NGL (MBbl) 70 Working Model Daily Gas…
Falher Model strong economics with 28 well inventory 14 Working HALF CYCLE ECONOMICS 161806101W6 Model 070606101W6 12 IP (MMcf/d) 7.8 081806101W6 IP 30 (MMcf/d) 6.0 3 well average EUR (MBoe) 800 Raw Gas (Bcf) 4.0 Working…
Conclusions Simonette Project development drilling program underway Financial strength strong balance sheet with 135 million undrawn bank facility Team has a proven track record of capturing large resource opportunities Highly…
Appendix Cequence Simonette 1311 Compressor Station 20
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 VP…
Financial Highlights Q3 2014 Q2 2014 % Change Average Daily Production (Boe/d) 9,694 12,735 (24) Funds flow from operations (M) (1) 13,588 20,235 (33) Per share, basic 0.06 0.10 (40) Operating costs per Boe 7.65 8.55 (11)…
Production and Cash Costs Production (Boe/d) Cash Cost (/Boe) 16,000 20 Includes Ansell 14,000 disposition July 7 close Simonette will 18 drive 44% growth 16 12,000 Merger with to exit in 2015 Temple Energy 14 10,000 12…
Hedging Volume Contract Type CAD Price GJ/d Average Gas 3.49/GJ AECO or 2014 October 1, 2014 to December 31, 2014 29,158 Swap 3.90/Mcf Average Gas 3.77/GJ AECO or 2015 January 1, 2015 to March 31, 2015 25,000 Swap…
Reserves and Finding Costs solid growth per share in reserves and value FD&A (/Boe) Reserves 2P Reserve Value 16.00 140 0.7 1200 6 3 year average Reserve value has 11.61 per Boe Reserves increased 1,004(1) 14.00 120 0.6…
Montney Half Cycle Economics Sensitivity to Flat Gas Price and Recoverable Gas in Place per Well 20,000 Assumptions: Net NGL Yield: 30 Bbl/MMcf C3+ Capital: 7.5 MM Oil Price: 90/Bbl WTI 15,000 NPV 10% BT (M) 10,000…
Simonette Deep Basin Stack Dunvegan Wilrich Montney Simonette Upper CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething Simonette Lower POTENTIAL HORIZONTAL TARGET ZONE 27
Multiple Zones with Significant Resource Potential at Simonette CEQUENCE LAND Zone Total Resource Potential/Sec (1) 2,400m Dunvegan 525 BCF 2,500m Falher 524 BCF 2,700m Wilrich 524 BCF 2,800m Gething 525 BCF 2,950m…
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 pwanklyncequenceenergy.com…
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