Corporate P R E S E N TAT I O N Spotlight on Michichi Banff Light Oil Experienced Management Team Annual General Meeting of Shareholders June 22, 2016
Consolidate and Concentrate 2016 Disposed of non-core assets reducing corporate well count by approximately one- third and overall corporate liability through the: Disposition of interest in the Lloydminster property along with all…
Organic Value Creation Drilling Operations 2015 Year End Reserves (1) 2016 Increased total proved (1P) reserves by 19% to Spend Within Cash Flow 15.3 mmboe (54% oil and NGLs), and proved plus probable (2P) reserves by 13% to 22.6…
Focus on Protecting the Balance Sheet G&A expense / boe Net debt (mm) reduction in G&A expense per reduction in net debt since 57% barrel since Dec. 31 2013 33% Dec. 31 2013 6.15 73.10 63.10 50.30 49.10 3.70…
Top Tier Oil Resource Play Corporate Strategy VALUE CREATION 6
Building Value Why Marquee Energy Consolidation phase completed Low-cost structure: Opex, G&A and Capex costs to meet the realities of a prolonged low price environment Own or control infrastructure that meets Investment…
The Michichi Advantage Extensive Light Oil Potential 10 million barrels of oil in place per section Waterflood upside (potential to double recovery) Dominant Land Base Crown land, 90% avg. working interest in Banff play Extensive…
Marquee Play Size Comparisons Boulder Belly River RMP Waskahigan Marquee Multizone Oil Pay Fairway Surge Shaunavon Granite Oil Alberta Bakken Peer Plays 10km 10km (to scale, from recent presentations) 9
Michichi Advancements to Marquees drilling design and 900 operations process have successfully decreased 800 Drilling Cost Per Meter drilling costs over time. Motor Issues 45% 700 600 500 Short Lateral 400 300…
Light Oil Peer Type Curve Summary 1 Michichi Well Performance Production (boe/d) Michichi at a Glance Light Oil (API) 32 Months Oil & Liquids Weighting 65% Oil Resource Play F&D Cost Analysis 2 Capital (C) 1.7 MM (Drill, Complete…
2016 Focus Area 2015 4 WELL PAD AVG. IP 236 BOED 300 IDENTIFIED MICHICHI BANFF 2016 WATERFLOOD PROJECT DRILLING LOCATIONS1 PILOT APPROVED 215 Wells on Core Trend 90% of Core Trend locations defined by 3D seismic Of the 300…
Well Positioned for Price Recovery Drilling Inventory Situated to Grow 300 mapped locations1 Attractive well economics Assembled core Banff light oil play Multi-year inventory of low risk locations 215 Drill Ready…
Appendix 15
MQL HEDGES Term Hedge Type Counterparty Volume Pricing April 1, 2016 to WTI fixed price National Bank 1,110 bbls/d Cdn 58.32/bbl June 30, 2016 July 1, 2016 to WTI fixed price National Bank 700 bbls/d Cdn 54.03/bbl September 30,…
Experienced Management Team MORE THAN 170 YEARS OF COMBINED E&P EXPERIENCE, OVER HALF IN THE JUNIOR SECTOR Richard Thompson, President & CEO (since 2011) Former Executive Vice President/ Director of Cequence Energy Ltd. from 2008 to…
Board of Directors Glenn Carley, BA, LLB., MBA, ICD.D Mr. Carley is the President of Selinger Capital Inc., a private investment company and has served as a Director of Marquee since December 5, 2011, and Chairman since May 2015. Mr.…
ANALYST COVERAGE Peters & Co. National Bank Financial Dale Lewko Dan Payne E: Dlewkopetersco.Com E: dan.Paynenbc.ca P: 403-261-2215 P: 403-290-5441 Canaccord Genuity Corp. Acumen Capital Anthony Petrucci Trevor Reynolds E:…
Michichi Resource Assessment Additional Value in Gas and NGL resource 20