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September 2017 Corporate Presentation – Questfire Energy Corp.

Questfire Energy Corp. · Sep 14, 2017 · 24 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 – Questfire Energy Corp. – slide 1
    CORPORATE PRESENTATION 1
  2. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 2
    OUTLINE 1. Company Strategy & Overview 2. Condensate-Rich Montney 3. St. Lawrence Lowlands 4. Oil Shale 5. Outlook 2
  3. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 3
    COMPANY STRATEGY Leverage extensive tight rock/shale rock expertise to acquire resources early and high grade to prove up reserves Understanding the rocks to capture the economic sweet spot 4% of acreage with the best economics…
  4. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 4
    ASSET OVERVIEW Western Alberta Condensate-rich Montney natural gas resource play with excellent economics SE Saskatchewan/ SW Manitoba Proven Torquay/Spearfish tight oil production with strong netbacks St. Lawrence Lowlands, Quebec…
  5. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 5
    FINANCIAL & OPERATIONAL OVERVIEW Operating and Financial Results Capitalization and Liquidity For the quarter ended June 30, 2017 Working Capital Deficit () 3.18 million (Sept. 5, 2017) 335 million Funds Flow from O perations ()…
  6. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 6
    CONDENSATE-RICH MONTNEY Montney play is approximately 500 km long by 200 km wide One of the largest oil and gas fields in world 449 TCF of marketable gas, 14.5 billion barrels of NGLs and 1.12 billion barrels of oil(1) Gas,…
  7. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 7
    THE SWEET SPOT Sweet spot of the play is overpressured, liquids-rich area High liquids, particularly condensate key to strong play economics Questerre has built a significant land position in the sweet spot of this Kakwa North…
  8. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 8
    MOVING UP THE LEARNING CURVE Improvements in drilling and completions delivering encouraging results Lateral length increased 10% to 2300m with sand concentration up to 1.7-2 tonnes per m from 1.5 tonnes per m of horizontal last…
  9. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 9
    MOVING UP THE LEARNING CURVE Evolving completion designs suggesting meaningful improvements in IP rates Most recent wells with one year of production completed with 80 stage fracs as compared to first well with 15 stages 9
  10. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 10
    WELL PERFORMANCE & ECONOMICS 29 wells drilled and tested on joint venture acreage at rates of 1,000 to 2,500 boe/d (1) Condensate rates (Bbls/MMcf) have remained stable Gas lift recently installed to improve uptime Positive returns…
  11. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 11
    RUNNING ROOM Significant number of drilling locations with JV operator accelerating development Approx. 60 gross (15 net) drilling locations remaining on joint venture block(1) 95%+ have laterals of 1.5 miles (2300m horizontal…
  12. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 12
    2017 CAPITAL INVESTMENT Focused capital program in 2017 of up to net 25-30 million Participate in up to 8 (2.0 net) wells on joint venture acreage - 20 million Infrastructure expansion water storage facility and pipelines and gas lift…
  13. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 13
    ST. LAWRENCE LOWLANDS Approximately 50% shallower than Montney formation at Kakwa Premium gas market - Natural gas prices 2X prices of Western Canada CERI report estimates Utica in Quebec could be second lowest supply gas cost…
  14. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 14
    UTICA COULD BE AMONG MOST ECONOMIC PLAYS Ohio Utica production has grown to over 4 Bcf/d (20% of Canadas total production) in nearly 4 years with well test rates over 30 MMcf/d (1) Utica rock properties in Quebec similar to Utica…
  15. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 15
    RESOURCE ASSESSMENT UPDATE Updated Quebec resource assessment estimates prospective resources (unrisked) of 5.8 Tcf (965 million boe) and economic contingent resources (unrisked) of 898 Bcf (150 million boe) (1) NPV-10% of acreage…
  16. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 16
    IMPROVING REGULATORY ENVIRONMENT Quebec Government approved hydrocarbon legislation (Bill 106) in December 2016 and modernized environmental law in March 2017 (Bill 102) Original BAPE (2011) Strategic Environmental Assessment for…
  17. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 17
    QUEBEC CLEAN GAS 2030 Vision of cleanest natural gas production in the world Leverage Quebecs hydro advantage Zero emissions and zero fresh water usage 100% biodegradable chemical usage by 2030 Chesapeake Energy presentation…
  18. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 18
    QUEBEC CLEAN GAS 2030 Phase 1 Electrify compressors (target electrifying all production equipment using zero emissions hydro) Phase 2 Capture and recycle flow back water (target 100% recycling and reuse of all water in production)…
  19. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 19
    OIL SHALE Major resource with potential for commercial development Estimated 2.8 - 3.1 trillion barrels in place worldwide(1) Questerre focused on its very high yield acreage in Jordan Jordan host to one of the top 10 oil shale…
  20. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 20
    JORDAN Strong support from international community Jordans energy diversification and independence essential for national and regional security Strategic relationship with Canada and US US Congress recently approved US1.3 billion…
  21. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 21
    PATH FORWARD Recent investment in and work with Red Leaf to commercialize EcoShale process for Jordan Red Leaf began developing reusable capsule concept last fall for Questerres deposit in Jordan Strong financial position with US100…
  22. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 22
    OUTLOOK Increasing capital investment for Montney to capitalize on results to date Government and public relations work in Quebec focused on developing new hydrocarbon regulations and securing social acceptability for pilot…
  23. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 23
    MANAGEMENT & BOARD Board Management Michael Binnion, President & Chief Executive Officer Michael Binnion, President & Chief Executive Officer Bjorn Inge Tonnessen, Chairman John Brodylo, VP Exploration (Nexen) Oil & gas E&P experience…
  24. September 2017 Corporate Presentation – Questfire Energy Corp. – slide 24
    www.blog.questerre.com www.facebook.com/Questerre Twitter: Questerre_utica 1650 AMEC Place 801 Sixth Avenue SW Calgary, Alberta T2P 3W2 Canada Tel: (403) 777 1185 / Fax: (403) 777 1578 26

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