Paramount Resources Ltd. Founded in 1976 IPO in 1978 (TSX: POU) 50% Insider Ownership Focused on Canadian Energy Real Value Created over Four Decades Continue to Deliver Profitable Growth 3
Two Strategic Transactions Apache Canada Acquisition 459.5 MM cash plus working capital and other monetary adjustments Expected to close in August 2017 Trilogy Merger Share exchange ratio is 1 POU share : 3.75 TET shares…
Two Transactions - Strategic Rationale Formation of an intermediate E&P company with an extensive portfolio of liquids-rich unconventional plays and the financial strength to accelerate those opportunities Large inventory of…
The Direction Q4 2017 forecast production 90,000 Boe/d 600 MMBoe P+P reserves with 37% liquids(1) P+P reserves pre-tax NPV10 of 4.9 Billion(1) 2.7 million net acres of land Liquids-rich focus in Montney and Duvernay Drilling…
Overview(1) (2) Q4 2017E Production Overview Boe/d Kaybob and Ante Creek 42,000 Alberta Deep Basin 29,000 Central Alberta 13,000 NE BC NW AB 6,000 Total (35% liquids) 90,000 (2) Gross Net Land Overview Acres Acres Total WCSB…
Reserves Summary(1) (1) As per the McDaniel Reserve Reports. Columns may not add due to rounding (2) Excludes probable reserves associated with the Hoole Oil Sands development 8
Kaybob Area(1) Area Overview: Q4 2017 average production forecast of 42,000 Boe/d (31% liquids) Near-term strategy is to harvest free cash flow from Montney oil and gas developments by leveraging owned/operated infrastructure…
Alberta Deep Basin(1) Area Overview: Q4 2017 average production forecast of 29,000 Boe/d (46% liquids) 145,000 net acres of liquids-rich over-pressured Montney rights with large-scale development ready to be implemented Karr…
Central Alberta(1) Area Overview: Q4 2017 average production forecast of 13,000 Boe/d (39% liquids) Willesden Green Duvernay play: 67,000 gross contiguous acres largely in the volatile oil window over-pressured Test results of a…
The Montney Portfolio(1) Highlights: 370,000 net acres across AB/BC 145,000 net acres in the Alberta liquids-rich over-pressured trend Kaybob Montney oil and gas- manufacturing stage leveraging owned/operated infrastructure in…
Karr Montney Project(1) Project Overview: Q4 2017 average production forecast of 22,000 Boe/d (45 to 50% liquids) Completed in April 2017 ahead of schedule, 06-18 compressor/dehy expansion from 40 MMcf/d to 80 MMcf/d Expansion is…
Wapiti Montney Project(1) 50 MMcf/d Mid-2019 to 150 MMcf/d in 2021 Project Overview: Primary target is the Upper Montney with approximately 75 Bcf DPIIP per section of liquids-rich over-pressured gas(2) Potential secondary target…
Smoky/Resthaven Project Area Overview: Q4 2017 average production forecast of 6,000 Boe/d (35% liquids) Currently executing a six-well Cretaceous program with new production scheduled for late 2017 Near-term strategy (late 2017) is…
Kaybob Montney Oil and Presley(1) Kaybob Presley Gas Pool Kaybob Montney Oil Pool Kaybob Montney oil pool was discovered in 2011 and is expected to have 135 producing horizontal wells at year end 2017 8 hz Montney oil…
Birch Area Overview: Q4 2017 average production forecast of 1,500 Boe/d (7% liquids) Paramount has a 50% non-operated working interest in the Birch Montney play The 2016/17 capital program consists of a facility expansion from 20…
The Duvernay Portfolio(1) Highlights: 230,000 net acres of Duvernay Plays 136,000 acres in Kaybob where the Duvernay is being developed commercially by a number of operators Kaybob South Duvernay Project Has gas processing…
Kaybob Duvernay Liquids-Rich(1) Duvernay Liquids-Rich Overview: Three focus areas including Smoky, Kaybob South, and Kaybob North Smoky Development is liquid-rich gas with lifetime CGR of 200 Bbl/MMcf (2); leverage owned/operated…
Willesden Green Duvernay Area Overview: 67,000 gross contiguous acres largely in the volatile oil window of the play Completion design enhancements on the most recent 02/13-05 horizontal well has yielded significantly improved…
Project Inventory(1) Stage of Area Project Company(2) Liquids-Rich Growth Potential (3) Development Karr Montney P Development 56,000 Boe/d with 23,000 Bbl/d condensate Smoky Duvernay T Development 23,000 Boe/d with 13,000 Bbl/d…
Half-Cycle Type Well Before Tax Return(1) Constant prices and costs at US50/Bbl WTI and US3.00/mmbtu NYMEX with AECO Basis US0.95/mmbtu and FX 0.775 US/C (1) Please refer to the heading Half-Cycle Economics in the Advisories…
Paramount Investments (1) Please refer to the heading Oil and Gas Measures and Definitions in the Advisories Appendix of this presentation for more information (2) Publicly disclosed by competitor 23
Summary Transactions create a well-capitalized, larger scale, Deep Basin Producer Exceptional portfolio of high liquids-weighted resource developments in the Montney and Duvernay Liquidsrich growth potential in top 11 projects of…
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