GROW BUILD SMALL SUSTAINABLE ASSET BASE PRODUCTION SHARE BASE DIVIDENDS Questfires VISION Continue to Build a Maintain a EFFICIENTLY GROW 10,000+ BOEPD SMALL SHARE BASE Position the the asset base production base and exercise…
Large prospect inventory 380 net drilling locations & 99 net Cash flow positive for H2 recompletions 2016 onwards Low-decline base creates Light and medium- Forecasting significant growth leverage heavy oil, NGL and debt…
Incorporated June 2012 1.5MM May 2014 SAFQ 15MM March 2016 Strategic Jan.2010 convertible Facility Loan Alternatives Process 1.89MM Founders debenture Repurchased 2013 May 2016 Dispositions capital LOI with Advantage Debenture for…
Management: Experienced. Skilled. High Ownership. Richard Dahl, President & CEO John Ramescu, VP Land Fred Laudel, VP Exploration Ronald Williams, VP Finance & CFO Professional Engineer Professional Landman 36 years Basin-wide…
Management Proven through the Drill Bit. Focused on Darren Kisser, Bruce Shepard, VP Exploitation Rod Keller, Environment Project Lowering Costs. VP Engineering & Operations 36 years extensive Basin-wide Manager Professional engineer…
RESULTS TO DATE 2006 2010 2000 2005 IPO raised 6.2 MM IPO raised 11.0 MM IPO raised 7.1 MM Total capital raised: 10.8 MM Total capital raised: 26.5 MM Peak Production: 4,000+ boepd Team Production: 5,000 boepd Production: 1,400 boepd…
Business Plan: HARD WORK Use Our Skills and Stable Cashflow from a Low-Decline Optimize facilities & Production Base to CREATE VALUE wells Identify and prioritize drilling & recompl. Prospects (480+) ASSET BASE EXPERIENCED Reduced…
Opex 30% since 2014 G&A 30% since 2014 Drill/compl/tie-in costs 25% REDUCING COSTS Built for Low-decline, high-quality CASH 45 MM in bank lines, 43.5 SURVIVABILITY production 12%/yr FLOW CAPITAL DISCIPLINE MM drawn, no new…
0.78 2P 2.24 TP 1P: 10.8 years 1.73 PDP 2P: 17.0 years 2015 2015 F&D Reserve Life Index All-in 2015 Recycle 2015 Year End 2010 - 2015 FD&A Year-End Costs Ratios Reserves* (GLJ Dec. 31, 2015) Costs Includes FDC Reserves*…
Proved and (MM except per share) Proved Producing Total Proved Probable NPV GLJ Dec. 31, 2015, Before Tax, 10%* 105.7 127.3 188.4 Bank Debt and Working Capital (March 31, 2016 ) (47.4) (47.4) (47.4) Facility Leaseback Contract…
1 MINIMIZE CAPITAL SPENDING, STAY WITHIN CASH-FLOW. Estimated full year 2016 capex and ARO spending of 2.1 million versus cash flow (after interest) of 1.0 million (at current strip pricing) 2 STAY FOCUSED ON COST REDUCTION IN ALL…
LOW DECLINE ASSET BASE WITH A LARGE PROSPECT INVENTORY 485 gross (380 net) drilling and 109 gross ( 99 net) recompletion prospects High Working Interest and Operated. Modest capital exposure of 0.5 - 2.0MM per well. EXPERIENCED…
Experienced Team Senior management with Strong Investment Metrics strong operational and exploration experience. Avoid High-Decline Low share price, low number of Basin-wide experience in Treadmill shares o/s many play types Low…
Land Approx. 75% operated. Operated assets 700,531 gross acres typically have high WI 331,530 net acres, (518 net sections) Underworked asset base amenable 85,078 gross royalty acres to optimization, infill drilling and…
Stratigraphic Chart Viking-Kinsella McLaren 100/07-23-048-08W4 Type Log Viking- Kinsella McLaren GLJ McLaren Type Well 12m Oil Pay 12-13 API 20
Questfire Type GLJ Type Well Well Economic Results and Indicators Summary IP 90 (bbl/d) 77 76 EUR (Mbbl) 81 70 Economic Results and Indicators January 2016 NPV 0% BT (M) 2,000 NPV 5% BT (M) 1,732 NPV 10% BT (M) 1,470 Viking-…
Bonavista Falher Hz Wells: IP30: 340 1000+ boepd Ave. IP30: 712 boepd Morningside 50 bbls/mmscf NGLs Area ALBERTA Proposed Questfire Falher Horizontal Wells 87.5% W.I. Falher Horizontal Gas Development Edmonton Lloydminster…
MORNINGSIDE 13-12-42-8 W4M Notikewin Channels Secondary horizontal target produces vertically in the area SECONDARY Liquids-rich gas no produced HZ TARGET Morningside water OGIP similar to the Falher Falher Falher Channels…
01-11-042-28W4 Questfire Type Offsets Well Well Average IP 90 (Mcf/d) 1,164 1,735 3,201 Economic Results and Indicators Summary EUR (bcf) 2.28 1.79 1.89 Economic Results and Indicators January 2016 NPV 0% BT (M) 3,682 NPV 5% BT…
Up to 14 Vertical Multi-Zone Locations, 100% W.I. Ostracod B Productive sand outline Ostracod D Productive sand outline Open Lake Area ALBERTA Ostracod Oil 9-21-42-6W5 I.P. IP 300 boped Development 15-17-42-6W5M BATTERY…
Questfire Type Offsets Well Average Economic Results and Indicators Summary IP 90 (bbl/d) 44 72 Economic Results and Indicators EUR (Mbbl) 44.40 43.90 January 2016 Consultants Average Price Deck NPV 0% BT (M) 7,087 NPV 5% BT (M)…
Viking-Kinsella Area 35 Vertical Gas Re-completions (3.00/GJ) Viking- Kinsella ALBERTA Gas Upside Edmonton Lloydminster Calgary Questfire land 22 Gross Base of Fish Scales re-completion candidates 13 gross Colorado Shale…
Viking-Kinsella Area 287 HZ BFSC Locations (3.50/GJ) Viking- Kinsella ALBERTA First 3 Production Months Approx. 50-100 Mcf/d Gas Upside First 3 Production Months Approx. 100 Mcf/d Edmonton Lloydminster First 3 Production…
Viking-Kinsella Area 33 HZ Colorado Shale Locations (3.50/GJ) Viking- Kinsella ALBERTA Gas Upside Edmonton Lloydminster Calgary Questfire land Potential horizontal Colorado Shale location (33 Gross) 105,000 Mcf cum…
Key Drivers of U.S. Gas Demand U.S. Gross LNG Exports Source: June 25, 2015; EIA U.S. Net Exports of Natural Gas to Mexico Source: June 25, 2015; EIA 7.2 GROWTH bcf/d 4.3 2019 Forecast GROWTH bcf/d 2019 Forecast LNG…
U.S. Monthly Dry Shale Gas Production 50 45 Rest of US 'shale' 40 Utica (OH, PA & WV) 35 Marcellus (PA,WV,OH & NY) 30 Haynesville (LA & TX) Bcfd 25 Eagle Ford (TX) 20 Fayetteville (AR) 15 Barnett (TX) 10 Natural Gas 5…
Contact Richard Dahl, P.Eng. President & CEO Tel: 403-263-6688 Email: rdahlquestfire.ca