Corporate Profile Corporate Profile Strategic Investments/Emerging Plays Founded in 1976; IPO in 1978; TSX: POU Emerging Montney plays at Valhalla and Birch Q1 2016 production: 50,161 Boe/d (49% Liquids) Emerging Duvernay play at…
Deep Basin Resource Land Position Paramount Acreage (gross): 486 Sections Cretaceous Rights 362 Sections Montney Rights 170 Sections Duvernay Rights Cretaceous Deep Basin liquids-rich gas resources in multiple stacked horizons…
Montney Gas Resource Liquids-rich Montney gas play; Paramount holds 313 net sections of Montney rights Competitive well economics High liquids content Thick pay High pore pressure (over pressured Deep Basin) PARAMOUNT MONTNEY…
Montney Rich Well Economics Economics(4) 2.50 AECO Assumptions(1): US/Bbl WTI 30 40 50 60 Capital: 7.5 MM horizontal 1.5-mile lateral well (2) IP30: 5.4 MMcf/d (restricted) NPV 10% MM -0.4 2.6 5.6 8.5 Natural Gas (raw): 5.0 Bcf…
Montney Ultra Rich Well Economics Economics(4) 2.50 AECO Assumptions (1): US/Bbl WTI 30 40 50 60 Capital: 6.7 MM horizontal 1-mile lateral well (2) IP30: 2.2 MMcf/d (restricted) NPV 10% MM -0.8 1.9 4.7 7.4 Natural Gas (raw): 2.0…
Montney Drilling/Completion Cost Reductions Lower drilling costs due to: reduced drilling days by improving penetration rates and efficiencies lower day rates for rigs and lower equipment rental costs Lower completion costs due…
Montney 16-7 Pad Cumulative Raw Gas 9
Sale of Musreau 8-13 Complex Closed sale of Musreau 8-13 processing facilites (Musreau Complex) and related midstream assets to Pembina 565 MM cash (including adjustments) 35 MM carried plant expenditures Paramount retains priority…
Deep Basin Gas Processing Capacity Owned and Contracted Raw Gas Potential Processing Sales Capacity Volumes MMcf/d (1) Boe/d(1) Musreau Complex 250 70,000 Smoky Deep Cut Facility 50 12,000 Other Kaybob area 18 3,300 capacity…
Illustrative Deep-Cut - Montney Wells 200 MMcf/d Raw Gas less 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 2.65/Mcf 154 MMcf/d 408,100…
Willesden Green Duvernay Shale Play 61,252 acres of land (100% WI) Drilled and completed 3 Hz Duvernay wells to date: Cumulative production to March 31, 2016 Natural Gas Oil and NGLs MMcf MBbl 03/16-13-39-5W5 171.2 96 7-19-39-5W5…
Montney Valhalla: 65 sections (49 net) Montney/56 sections (42 net) Doig rights Montney/Doig Play 16 wells currently tied in Evaluating long term production/economics to determine future investment levels Birch: 60 sections (30…
Paramount Investments 16 16
Paramount 100% Subsidiary Investments (1) As publicly disclosed by a large U.S. public E&P company with significant landholdings in the Liard Basin. The resource evaluation disclosed by such E&P company was not noted as having been…
Quarterly Operating Results 18 18
Reserves(1) 1) Principal properties reserves, exclude bitumen reserves related to the Hoole oilsands development. Reserves evaluated by McDaniel &Associates Consultants Ltd. in accordance with National Instrument 51-101 definitions,…