Positioned for Gas Growth November, 2016 TSX:CQE 1
Corporate Overview Trading Symbol TSX: CQE Q3 YTD 2016 average production 8,899 boepd 2016 production guidance 8,800 boepd 52week trading range 0.23 .49 Shares outstanding (1) Oct 28th, 2016 246 MM Insider ownership (2) 9.8%…
2016 Strategy and Plans Reduced cost structure: G&A expenditures forecast down 32% by Q4 2016 Operating cost improvements 29% reduction in Q3 2016 operating costs per boe from 2015 (1) Improved Montney performance: Simonette…
Corporate Guidance May 2016 Revised Six Months Guidance Guidance Ended (000s, except per share and per unit references) 2016 2016 June 30, 2017 Average production, BOE/d (1) 8,500 8,800 9,0009,500 Funds flow from operations ()(2) (4)…
Simonette Montney Large Recognized Inventory CQE 1633 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…
Cequence 1633 West Simonette Montney Improved Results 16336127W5: 180 day comparison to 2014/15 average 1.6 times produced gas (1 bcf vs 0.6 bcf) 2.9 times cumulative condensate (50 Mstb vs 17 Mstb) Cumulative 6 month yield 50…
1633: West Area Higher 1st Year Netback Historical Average 1633 West Well Simonette C5 Yield (bbl/mmcf) 25 50 C5 Yield is double the historical average well(1) Gas Price (C/GJ) 3.00 3.00 Oil Price (US/bbl) 50.00 50.00 West Montney…
Improved Commercial Impact Mean booked well inventory length increased 25% to 2,500 m 2,500 m Mean 1633 3% GORR, 50 Operating cost initiatives captured in economics 50 WTI, 3.00/GJ CDN Well (1) bbl/MMcfd C5 Parameters Western lands…
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 Simonette Type Log CQE 109 development potential in…
Simonette Dunvegan Oil CQE 711 production to end of July 2016 (1 year) 80 Mbbl and 440 MMcf gas IP 365: 220 bbl/d, 420 boe/d Less than 2% watercut 2,000 bbl/d facility built with solution gas gathering to CQE/KANATA Simonette…
Simonette Egress Major Facility Capital Spent 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.…
Cequence Growth A Scenario A measured growth profile of 11% CAGR can be achieved with capital expenditures limited to EBITDA beginning in 2017 10 MM private placement financing completed in 2016 to start development program…
Hedging Contract Type Volume GJ/d CAD Price GAS 2016 October 1, 2016 December 1, 2016 Average Gas Swap 20,000 2.65/GJ AECO 2017 January 1, 2017 October 31, 2017 Average Gas Swap 17,500 2.70/GJ AECO 2017 November 1, 2017 December…
In Summary Why own CQE RESTRUCTURED: To lean, operational focused team. IMPROVED COSTS: 20% lower YTD G&A costs(1) with 32% total reduction expected by Q4 2016 Demonstrated improved operating cost structure with leverage to…
Appendix TSX:CQE 17
Management and Board Management Team Board of Directors Todd Brown CEO Don Archibald Chairman Dave Gillis EVP and CFO Peter Bannister Dave Robinson VP Exploration and Chief Geologist Todd Brown Chris Soby VP Land and…
Simonette Deep Basin Stack Dunvegan Wilrich Montney Simonette Upper CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething POTENTIAL HORIZONTAL TARGET ZONE TSX:CQE 19
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…
Sustainable Cash Cost improvements 5 MM per year savings 36 % decrease in Q3 YoY operating expenses before capital midstream fees Q3 Q3 Performance tested alternative chemical /boe 2016 2015 Change suppliers. treating cost for…
www.cequenceenergy.com Contacts: Todd Brown David Gillis 3100, 525 8th Avenue SW Calgary AB T2P 1G1 CEO EVP & CFO Phone: 4032293050 Fax: 4032290603 tbrowncequenceenergy.com dgilliscequenceenergy.com TSX:CQE 24
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