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June 2016 Corporate Presentation – Cequence Energy Ltd.

Cequence Energy Ltd. · Jun 14, 2016 · 19 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. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 1
    Positioned for Gas Growth June, 2016 TSX:CQE 1
  2. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 2
    Corporate Overview Trading Symbol TSX: CQE Q1 2016 average production 10,223 boepd Current production (with 4,000 boepd shutin for pricing) 8,000 boepd 52week trading range 0.23 0.85 Shares outstanding 211 MM Insider ownership…
  3. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 3
    Why buy Cequence Improved cost structure G&A and operating expenses coming down CANADA USA Stability of balance sheet SIMONETTE PROJECT Large recognized reserves (1): 126 MMboe proved plus probable (86% gas). 121 MMboe at…
  4. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 4
    Improving Western Canadian Gas Market Oversupply of natural gas markets is beginning to rebalance, 8 consecutive weeks of storage build below prior year Production declines are materializing with volumes down 1.5 bcf/d from…
  5. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 5
    Whats Changed at CQE EFFICIENCY IMPROVEMENTS: Leaner Reducing overhead costs by 33 % (2.7 MM/year). Netback Improvements (5 MM/year) Developing water disposal solution, reducing chemical costs, and improving transportation…
  6. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 6
    Simonette Montney Recognized Inventory 121 MMboe proved plus probable booked reserves (1) Stacked horizons: Dunvegan, Gething, Falher, Wilrich, Montney 3.8 TCF gross Montney resource in place (2) PDP: 12.3 Mboe TP: 47.5 Mboe 45…
  7. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 7
    Montney Drilling & Completion Costs Driving Improved Performance 0 Montney Drilling Curves 1000 Implemented Montney drilling design changes saving time and providing flexibility 2000 Set deeper conductor pipe Depth (TMD m)…
  8. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 8
    Cequence Montney Gas Well Performance 16336127W5 strong performance compared to historical 5 bcf well Top quartile Simonette gas producer Double free condensate production vs model Condensate yield 50 bbl/MMcf after 90 days Changes…
  9. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 9
    Simonette Egress Optionality on both major gas systems in Alberta R2 R1W6 R27 R26 R25 R24 R23W5 120 MMcfd refrigeration plant (50% WI) Cequence Alliance T64 Meter Station onstream Jan 2016. Capacity 120 MMcf/d 14 % under…
  10. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 10
    Simonette/Karr Dunvegan 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 sand Simonette Type Log…
  11. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 11
    Simonette Dunvegan Oil CQE 711 production to April 30th, 2016 (260 calendar days) 65 Mbbl and 328 MMcf gas 250 bbl/d, 460 boe/d CD rates CQE 411 well was shutin March 24th for pressure build (Road bans). Back on production May…
  12. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 12
    Hedging Contract Type Volume GJ/d CAD Price GAS 2016 April 1, 2016 to September 30, 2016 Average Gas Swap 20,000 2.64/GJ AECO 2016 October 1, 2016 December 1, 2016 Average Gas Swap 20,000 2.65/GJ AECO 2017 January 1, 2017 March…
  13. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 13
    In Summary Why own CQE Improved cost structure G&A and operating expenses coming down Stability of balance sheet Large recognized reserves: 126 MMboe proved plus probable (86% gas) Recent Montney well above type curve for gas…
  14. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 14
    Appendix TSX:CQE 15
  15. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 15
    Management and Board Management Team Board of Directors Todd Brown CEO Don Archibald Chairman Dave Gillis EVP and CFO Peter Bannister James Jackson VP Engineering Rob Cook Dave Robinson VP Exploration and Chief Geologist…
  16. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 16
    Simonette Deep Basin Stack Dunvegan Wilrich Montney Simonette Upper CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething POTENTIAL HORIZONTAL TARGET ZONE TSX:CQE 17
  17. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 17
    Multiple Zones with Significant Resource Potential at Simonette CEQUENCE LAND Zone Total Resource Potential/Sec (1) 2,400m Dunvegan Gas 525 BCF Dunvegan Oil 510 MMBBL 2,500m Falher 524 BCF 2,700m Wilrich 524 BCF…
  18. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 18
    Reserves and Finding Costs solid growth per share in reserves FD&A (/Boe) Reserves (MMboe) 2P Reserve Value (MM) 16.00 140 0.7 1200 6 126 14.00 118 120 0.6 1,004 113 1000 5 12.00 854 10.00 100 91 0.5 797 800 4 8.00 715 80 0.4…
  19. June 2016 Corporate Presentation – Cequence Energy Ltd. – slide 19
    Corporate Guidance May 2016 2016 Average Production (Boe/d)(1) 8,500 Capital expenditures, net of dispositions (2) 7 MM Operating and transportation costs per Boe 11.30 G&A costs per Boe, prior to restructuring charges of 0.60/boe…

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