POSITIONED FOR LIQUIDS-RICH GAS GROWTH December 2017 1
Contiguous, high-WI land position ESTABLISHED MONTNEY/ Multi-year inventory DEEP BASIN PRODUCER Facilities and take-away capacity Improved drilling / completion designs Better per-well production results Improved cost…
Trading Symbol TSX: CQE Q3 2017 average production 8,266 boe/d OVERVIEW 52-week trading range 0.08 - 0.37 Shares outstanding 246 MM Insider ownership (1) 10.5% Market capitalization (2) 20 MM Net debt - September 30, 2017(3)…
Lower Cost Improved Well Structure Performance YTD G&A expenditures Dunvegan oil results above STRATEGY down by 35% year-over- analog average year to 1.38/boe Montney design changes YTD operating costs down and netback initiatives…
KARR ANALOG Karr Type Log 6-6 Simonette Type Log CQE 10-9 SIMONETTE Net Pay 9m Net Pay 10m DUNVEGAN 15% 15% OIL PLAY Dunvegan Gas Pool SIMONETTE Dunvegan Oil Pool Dunvegan Gas Pool 16 gross (14.5 net) sections…
July 15 treater & Pembina connection 103/04-08 Vert Completion 100% WI Pool Extension 5-7 Battery IP30: 45 BOPD 2,000 bbls/d 1,150 Hp Compressor SIMONETTE DUNVEGAN LIGHT OIL Existing Gas Line INVENTORY Future Oil/Water…
CQE Simonette Dunvegan Oil 700 2,000 m model 600 07-11-062-26W5 Calendar Daily Oil (bbl/d) 500 04-11-062-26W5 400 09-11-062-26W5 15-11-062-26W5 300 4-11 200 Fish in lateral 100 0 SIMONETTE 0 1 2 3 4 5 6 7 8 9 10 11…
CQE 16-33 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…
10 2500 CQE 7 Bcf Model CQE 5 BCF Model 9 2014-2015 (10 Wells) 16-33-61-27W5 16-25-061-01W6 08-36-061-01W6 8 16-33 Cum Gas 5 bcf Cum Gas 2000 7 bcf Cum Gas 16-25 Cum Gas Producing Daily Gas Rate (MMcf/d) 7 08-36 Cum Gas…
0.5 t/m 1.0 t/m 1.0 t/m 1.2 t/m 0.5 t/m DRIVING IMPROVED PERFORMANCE 15-28 stages 26 stages Montney drilling design changes delivered 30+% lower cost per meter Simplified drilling path saves time Cemented production casing…
16-33 - 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…
Cequence Alliance Meter Station Capacity 120 MMcf/d Pembina Lator Truck Terminal CQE 9-10 Field Compressor Alliance/Aux Sable SIMONETTE EGRESS Proposed Pembina Simonette Terminal Deep Cut Plant Chicago, Illinois NGTL…
Revised Year Ended December (000s, except per share and per unit references) 31, 2017 2017 Average production, boe/d (1) 8,250 GUIDANCE Funds flow from operations ()(2) 20,000 Funds flow from operations per share(2) 0.08 Capital…
Volume Price HEDGING Contract Type GJ/d Cdn GAS Average Gas 2017 October 1, 2017 December 31, 2017 20,027 2.76/GJ AECO Swap Average Gas 2018 January 1, 2018 March 31, 2018 12,500 3.01/GJ AECO Swap Volume Price OIL bbl/d Cdn…
Improved operating costs with leverage to development Improved Costs economics 35% lower G&A costs YTD WHY OWN CQE Large Recognized Reserves 136 MMboe proved + probable reserves (86% gas) (1) Excellent Dunvegan oil results with…
APPENDIX TSX:CQE 17
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…
Dunvegan Wilrich Montney SIMONETTE Simonette Upper DEEP BASIN STACK CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething POTENTIAL HORIZONTAL TARGET ZONE TSX:CQE 19
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 5-25 Bcf Gas 5-10 MMbbl Dunvegan Oil Falher 5-24 Bcf Wilrich…
www.cequence-energy.com Contacts: 1400, 215 9TH AVE S.W. CALGARY AB T2P 1K3 Todd Brown David Gillis CEO EVP & CFO PHONE: 403-229-3050 FAX: 403-229-060 tbrowncequence-energy.com dgilliscequence-energy.com TSX:CQE
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