GROW BUILD SMALL VALUE CREATION ASSET BASE PRODUCTION SHARE BASE Questfires VISION Grow the asset Continue to Build a Maintain a base and with EFFICIENTLY GROW 10,000+ BOEPD SMALL SHARE BASE higher future the asset base…
Shares Listing Shares Issued Held by Officers and TSX-V: 22.822 million Class A Basic Directors (Basic) Q.A 25.956 million Class A Diluted 50%* Corporate * Includes Spouses Profile Debt/Banklines Dec. 31, 2016 SAFQ LP Commitment…
Large prospect inventory 380 net drilling locations & 99 net recompletions Low-decline base creates Cash flow positive for H2 growth leverage Light and medium-heavy QUESTFIRE 2016. Q4 2016 EBITDA of Moderate capital intensity…
Richard Dahl, John Ramescu, VP Fred Laudel, VP Ronald Williams, Darren Kisser, Bruce Shepard, VP President & CEO Land Exploration VP Finance & CFO VP Engineering & Exploitation Professional Engineer Professional Landman 36 years…
2011 - PRESENT 2006 2010 2000 2005 IPO raised 6.2 MM IPO raised 11.0 MM IPO raised 7.1 MM Started with zero production Started with zero production Started with zero production Team Total capital raised: 10.8 MM Total capital raised:…
2014 Actual 2015 Actual 2016 Estimate 2017 Forecast* Average Production (boe/d) 5,103 4,877 4,631 4,500 Exit Production (boe/d) 5,501 5,200 4,521 5,200 Average Oil & NGL (%) 23.0 25.7 24.4 26.0 Capital & ARO spending (MM) 22.2 6.2…
Net Asset Value: (MM except per share) Proved Producing Total Proved Proved and Probable Assumptions: NPV GLJ Dec. 31, 2016, Before Tax, 10% 94.608 113.551 170.208 Estimated value for undeveloped land and seismic is 10 million Bank…
Central Alberta Production: 60% of Questfires total production . 27% oil and NGLs Central Alberta Growth Average WI of 80% Fort McMurray Positive Attributes: Multizone oil and gas potential Average 75% Operated Focus Area:…
West Central Area Light Oil & Liquids Rich Gas Manville vertical light oil East Central Area Growth drilling Deep basin geology - multi- Fort McMurray Conventional Hz medium and heavy oil Infill Shallow Gas with horizontal Focus…
Up to 11 Vertical Multi-Zone Locations, 100% W.I. Ostracod B Productive sand outline Ostracod D Productive sand outline West Central Open Lake Mannville Light Oil 9-21-42-6W5 I.P. IP 300 boped Development Project Edmonton…
Questfire Type Offsets Well Average Oil IP 90 44 72 Economic Results and Indicators Summary (bbl/d) Economic Results and Indicators EUR (Mbbl) 44.40 43.90 January 2016 Consultants Average Price Deck Type curve for Oil Production…
MORNINGSIDE 13-12-42-8 W4M Notikewin Channels Secondary horizontal target produces vertically in the area SECONDARY Liquids-rich gas no produced water HZ TARGET Central OGIP similar to the Falher Morningside 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 55 Horizontal Drilling Locations, 100% W.I. East Central Viking- Kinsella McLaren Hz Edmonton Lloydminster Oil Play Red Deer Calgary 18
Stratigraphic Chart Viking-Kinsella McLaren 100/07-23-048-08W4 Type Log East Central Viking- Kinsella McLaren McLaren GLJ 12m Oil Pay 12-13 API Type Well 19
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 East…
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…
US Shale Gas Basins Production has plateaued 22
Experienced Team Avoid High-Decline Strong Investment Metrics Senior management with Treadmill Low share price, low number of strong operational and Low corporate decline rate shares o/s exploration experience. Huge leverage to rising…
Contact Richard Dahl, P.Eng. President & CEO Tel: 403-263-6688 Email: rdahlquestfire.ca