POSITIONED FOR LIQUIDSRICH GAS GROWTH September 2017 1
Contiguous, highWI land position ESTABLISHED MONTNEY/ Multiyear inventory DEEP BASIN PRODUCER Facilities and takeaway capacity Improved drilling / completion designs Better perwell production results Improved operating cost…
Trading Symbol TSX: CQE Q2 2017 average production 8,502 boe/d 0.13 OVERVIEW 52week trading range 0.37 Shares outstanding 246 MM Insider ownership (1) 10.5% Market capitalization (2) 34 MM Net debt June 30, 2017(3) 68 MM…
Lower Cost Improved Well Structure Performance Q2 G&A expenditures: Montney design changes STRATEGY down by 39% yearover and netback initiatives have year improved economics Q2 operating costs: 7% Dunvegan oil results above…
Revised Year Ended December 31, (000s, except per share and per unit references) 2017 2017 Average production, boe/d (1) 8,5008,700 GUIDANCE Funds flow from operations ()(2) 23,000 Funds flow from operations per share(2) 0.10…
CQE 1633 2017 drills SIMONETTE MONTNEY Western area Higher liquids (35+ bbls/MMcf) 2.7% average GORR MULTIPLE ZONES Stacked horizons: Dunvegan, Gething, Falher, Wilrich, Montney BIG RESOURCES (1) Reserves evaluation…
WEST AREA CHARACTERIZATION CEQUENCE Double the condensate rate vs the historical type curves SIMONETTE Condensate rate 2X historical Higher netback production LIQUIDSRICH Liquids sales 98% highvalue pentanes plus…
0.5 t/m 1.0 t/m 1.0 t/m 1.2 t/m 0.5 t/m DRIVING IMPROVED PERFORMANCE 1528 stages 26 stages Montney drilling design changes delivered 30+% lower cost per meter Simplified drilling path saves time Cemented production casing…
1633 3% 2,500 m Mean 2017 West GORR (50 50 WTI, 3.00/GJ CDN Well (1) Montney bbl/MMcfd C5) Parameters Length (m) 2,500 2,850 3,050 Costs (Drill, Complete, Equip) Total (MM) 7.7 8.0 8.6 Drilling Results COMMERCIAL IP30 Production…
KARR ANALOG Karr Type Log 66 Simonette Type Log CQE 109 SIMONETTE Net Pay 9m Net Pay 10m DUNVEGAN 15% 15% OIL PLAY Dunvegan Gas Pool Dunvegan Oil Pool SIMONETTE Dunvegan Gas Pool 9 gross (7.5 net) sections identified…
50 US WTI, 3.00/GJ CDN 2,000 m well 2,000 m well Costs (Drill, Complete, Equip)(MM) 4.5 4.0 IP365 Production Rate (bbl/d) 220 220 Reserves (MBOE) 540 540 Economic Indicators F&D (/BOE) 8.30 7.40 1st Yr Netback (/boe) 27.74 27.74…
Cequence Alliance Meter Station Capacity 120 MMcf/d Pembina Lator Truck Terminal CQE 910 Field Compressor Alliance/Aux Sable SIMONETTE EGRESS Proposed Pembina Deep Cut Plant Chicago, Illinois Simonette Terminal NGTL…
Volume Price HEDGING Contract Type GJ/d Cdn GAS Average Gas 2017 July 1, 2017 September 30, 2017 27,500 2.80/GJ AECO Swap Average Gas 2017 October 1, 2017 December 31, 2017 20,027 2.76/GJ AECO Swap Average Gas 2018 January…
Improved operating cost structure with leverage to Improved Costs development economics YTD 34% lower G&A costs (1) WHY OWN CQE Large Recognized Reserves 136 MMboe proved + probable reserves (86% gas) (2) Encouraging high liquid…
APPENDIX TSX:CQE 16
Todd Brown CEO Dave Gillis EVP and CFO MANAGEMENT Dave Robinson AND BOARD Management Team VP Ex and Chief Geologist Chris Soby VP Land and Corporate Development Erin Thorson Controller Don Archibald Chairman Peter Bannister…
Dunvegan Wilrich Montney SIMONETTE Simonette Upper DEEP BASIN STACK CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething POTENTIAL HORIZONTAL TARGET ZONE TSX:CQE 18
2,400m MULTIPLE 2,500m ZONES WITH 2,700m SIGNIFICANT 2,800m RESOURCE 2,950m POTENTIAL AT 3,100m SIMONETTE Zone Total Resource Potential/Sec (1) Dunvegan 525 Bcf Gas 510 MMbbl Dunvegan Oil Falher 524 Bcf Wilrich 524…
13% Decrease in YTD Operating Expenses Six Six Performance tested alternative months months chemical suppliers ended ended June 30, June 30, SUSTAINABLE Industry coordinated services /boe 2017 2016 Change COST Streamlined field…
Simonette Wells Initial 30 Day Comparison Recent Results Historical Avg Western Simonette Increased netbacks IMPROVED Well 2017 Montney 1633 C5 rate double historical average MONTNEY C5 Yield (bbl/mmcf) Gas Rate (MMcf/d) 27…
www.cequenceenergy.com Contacts: 1400, 215 9TH AVE S.W. CALGARY AB T2P 1K3 Todd Brown David Gillis CEO EVP & CFO PHONE: 4032293050 FAX: 403229060 tbrowncequenceenergy.com dgilliscequenceenergy.com TSX:CQE
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