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September 2017 Corporate Presentation – Paramount Resources Ltd.

Paramount Resources Ltd. · Sep 12, 2017 · 27 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 1
    Corporate Presentation September 2017
  2. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 2
    Corporate Overview Corporate Profile Founded in 1976; IPO in 1978; TSX: POU Q2 2017 production: 18,367 Boe/d (52% Liquids) Q2 2017 proforma: 79,000 Boe/d (35% Liquids) Market Cap: 2.8 Bln (134.7 MM shares 21.00) Proforma net debt…
  3. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 3
    Historical Performance 1) As evaluated by McDaniel & Associates Consultants Ltd. as of June 1, 2017 4
  4. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 4
    Highlights Transaction Highlights April 2016 sold Musreau Plant 565 MM August 2016 sold Musreau Asset 2.1 Bln December 2016 sold royalty on Cavalier Oil Sands Asset 100 MM December 2016 dividend declared: 3.8 MM Seven Generations…
  5. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 5
    Liquids Focused Assets Montney Assets Duvernay Assets Wellhead Asset Description Liquids(1) Bbl/MMcf MONTNEY Birch 25 Wapiti 90 Karr 120 Smoky/Resthaven 85 Ante Creek 120 Kaybob 220 Presley/Fir 12 DUVERNAY Kaybob North…
  6. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 6
    Diversified Assets Location Breakeven Breakeven Wellhead Production Stage of Asset Description Inventory WTI Oil NYMEX Gas Potential (Gross) Development P+P Total(1) US/Bbl(2) US/MMbtu(2) Liquids Bbl/d Total Boe/d(3) 2017 2021…
  7. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 7
    Permian Karr Comparison Note: Permian Operators based on data provided in Corporate Presentations for CDEV, CPE, CXO, EGN, FANG, OXY, PDCE, PE, RSPP, SM, WPX and XEC. ) Paramount Karr wells IP30 volumes are produced volumes of oil,…
  8. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 8
    Paramount Completion Evolution Technology and Fluid: Open Hole Packers and Energized Oil Lateral Length and Stage Spacing: Up to 1,600m and 100m (16 stages) Proppant Loading and Proppant Type: Up to 0.6 t/m (400 lbs/ft) and uniform…
  9. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 9
    Midstream & Marketing Strategy Karr 06-18 Midstream Portfolio Positioned for Growth Focus assets in Montney and Duvernay have takeaway capacity to manage growth plan through 2021 Owned and operated infrastructure coupled with 3rd…
  10. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 10
    Grande Prairie Snapshot Operational Highlights Q2 2017 proforma production: 17,000 Boe/d Q2 2017 proforma revenue: 37.09/Boe 27 wells drilled at Karr 17 new wells on production at Karr 10 wells in progress at Karr Testing new…
  11. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 11
    Kaybob Snapshot Operational Highlights Q2 2017 proforma production: 40,000 Boe/d Q2 2017 proforma revenue: 27.33/Boe New 6-well Duvernay pad onstream September 2017 Testing up to 3,000 lb/ft proppant in Duvernay New slickwater…
  12. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 12
    Central Alberta & Other Snapshot Operational Highlights Q2 2017 proforma production: 22,000 Boe/d Q2 2017 proforma revenue: 22.35/Boe Tied in the Willesden Green Duvernay 02/13-05 Hz. which tested with an IP30 of 375 Bbl/d of oil…
  13. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 13
    Karr Montney Asset Detail Operational Highlights Rig released all 27 wells within 10% of budget 17 net wells on production and 10 wells in-progress Post 3rd party facility outage - 14 day ramp up from zero to 23,000 Boe/d sales by…
  14. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 14
    Karr Montney P+P Type-Well Karr West Unit McDaniel(1) Wellhead IP30 Boe/d 2,187 Lateral Length = 2,900m Proppant Loading = 1,600 lbs/ft Wellhead IP30 Condensate % 67 Stages = 73 Total Sales Gas Bcf 4.4 Bcf Total Sales Condensate…
  15. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 15
    Wapiti Montney Asset Detail Operational Highlights Executing land retention and delineation program Testing new Montney zone in East Block Third party gas plant and infrastructure under construction with scheduled Q2 2019 in-service…
  16. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 16
    Wapiti Montney P+P Type-Well Wapiti East Unit McDaniel(1) Wellhead IP30 Boe/d 1,847 Lateral Length = 3,000m Proppant Loading = 1,600 lbs/ft Wellhead IP30 Condensate % 59 Stages = 75 Total Sales Gas Bcf 5.7 Bcf Total Sales…
  17. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 17
    Kaybob Duvernay Asset Details Operational Highlights New 6-well pad onstream September 2017 Testing up to 3,000 lbs/ft proppant loading intensity Near-term data acquisition projects include micro- seismic and fiber for optimizing…
  18. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 18
    Kaybob Duvernay P+P Type-Well Kaybob Smoky Unit McDaniel(1) Internal(1) Wellhead IP30 Boe/d 1,505 2,104 McDaniel P+P Lateral Length = 2,600m Wellhead IP30 Condensate % 67 67 Proppant Loading = 1,500 lbs/ft Stages = 33 Total Sales…
  19. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 19
    Kaybob Montney Oil Development Operational Highlights Gross June 2017 oil production: 4,900 Bbl/d Gross June 2017 total production: 7,800 Boe/d 10 of 16 2017 gross wells have been rig released New completion design has 45% more…
  20. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 20
    Kaybob Montney P+P Type Well Kaybob Montney Unit McDaniel(1) Internal(1) McDaniel P+P Wellhead IP30 Boe/d 545 658 Lateral Length = 2,000m Wellhead IP30 Oil % 80 80 Proppant Loading = 167 lbs/ft Stages = 40 Total Sales Gas Bcf 0.6…
  21. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 21
    Gross Inventory Estimate(1) Gross Description Inventory McDaniel P+P Focus Assets 353 Internal High Grade Focus Assets 836 Total Focus Assets 1,189 McDaniel P+P Other Properties 72 Internal High Grade Other Properties 788 Total…
  22. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 22
    Focus Assets Btax Breakeven 10%(1) 1) Breakeven analysis discounted at 10 percent before tax, based on McDaniel P+P type well assumptions using constant costs, FX rate of 0.775 US/C and AECO basis of US0.95/MMbtu. Breakeven oil…
  23. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 23
    Focus Assets Btax Return and NPV10(1) 1) McDaniel P+P unless (Internal), US50/Bbl WTI & US3.00/MMbtu NYMEX, US0.95/MMbtu AECO Basis & FX US/C 0.775. Refer to the heading Reserves and Other Information in the Advisories Appendix 24
  24. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 24
    Strategic and Long-Term Investments (1) Please refer to the heading Reserves and Other Information in the Advisories Appendix (2) Publicly disclosed by competitor 25
  25. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 25
    Paramount in a Nutshell Well-established base production and cash flow Diversified portfolio of liquids rich assets Firm takeaway in place to deliver profitable growth Strong balance sheet and financial flexibility Talented team…
  26. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 26
    ADVISORIES APPENDIX
  27. September 2017 Corporate Presentation – Paramount Resources Ltd. – slide 27

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