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January 2018 Corporate Presentation – Paramount Resources Ltd.

Paramount Resources Ltd. · Jan 16, 2018 · 26 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. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 1
    Corporate Presentation January 2018
  2. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 2
    Corporate Overview Corporate Profile Founded in 1976; IPO in 1978; TSX: POU 2017 Results Q3 2017 production: 49,023 Boe/d (40% Liquids) Q4 2017E: 95,000 Boe/d (38% Liquids) 2017 Capex (at Sep 30, 2017): 380 MM Q4 2017E Capex: 130…
  3. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 3
    Historical Performance 1) As evaluated by McDaniel & Associates Consultants Ltd. as of June 1, 2017 4
  4. January 2018 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. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 5
    Revenue/Boe and AECO Revenue WTI NYMEX AECO BASIS PROPANE BUTANE ETHANE FX C/Boe US/Bbl US/mmbtu C/GJ US/mmbtu US/Bbl US/Bbl US/Bbl 2018 Budget 50.00 3.00 2.37 (1.00) 0.8000 17.50 28.25 11.07 29.21 January 3 2018 Strip 60.37 2.81…
  6. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 6
    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…
  7. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 7
    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…
  8. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 8
    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,…
  9. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 9
    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…
  10. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 10
    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 Keyera Wapiti Owned and operated infrastructure…
  11. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 11
    Grande Prairie Snapshot Operational Highlights 26 of 27 wells in the 2017 Karr program on production; remaining well being completed 5 new 2018 wells on 1-2-66-5W6 pad in progress Evaluating new Montney zone at Wapiti Evaluating…
  12. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 12
    Kaybob Snapshot Operational Highlights 2018 drill 21 hz Montney oil wells 2018 drill 15 hz Duvernay wells from three pad sites Evaluating gas re-routing projects to reduce operating costs Asset Summary Three Montney assets and…
  13. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 13
    Central Alberta & Other Snapshot Operational Highlights 2 hz Duvernay 2018 wells planned at Willesden Green 3 hz Glauconite 2018 wells planned at Leafland Continue to monitor the performance of the 02/13- 05 Duvernay well which has…
  14. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 14
    Karr Montney Asset Detail Operational Highlights Rig released all 27 wells within 10% of budget 26 net wells on production and 1 well under completion (2017 budget) 2018 activity: drill and complete two 5-well pads Average peak…
  15. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 15
    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…
  16. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 16
    Wapiti Montney Asset Detail Operational Highlights 9-3 pad drilling begun (total 11 2018 wells) Additional 11 2018 wells to be drilled from 5-3 pad Testing new Montney zone in East Block Third party gas plant and infrastructure…
  17. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 17
    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…
  18. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 18
    Kaybob Duvernay Asset Details Operational Highlights Smoky 10-35 pad: 5 wells drilled to intermediate casing point Kaybob South 7-22 pad: first of 5 wells spud Kaybob South 7-28 pad: 6 wells planned Near-term data acquisition…
  19. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 19
    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…
  20. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 20
    Kaybob Montney Oil Development Operational Highlights 22 gross wells were drilled and completed in 2017 2018 activity: drill and complete 21 hz wells New completion design has 45% more stages and 290% higher proppant loading…
  21. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 21
    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…
  22. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 22
    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…
  23. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 23
    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…
  24. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 24
    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 25
  25. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 25
    Strategic and Long-Term Investments (1) Please refer to the heading Reserves and Other Information in the Advisories Appendix (2) Publicly disclosed by competitor 26
  26. January 2018 Corporate Presentation – Paramount Resources Ltd. – slide 26
    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…

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