Corporate Overview Founded in 1976; IPO in 1978; TSX: POU Market Cap: 2.3 Bln (134.9 MM shares 17/sh) Net Debt at Sep 30, 2017 564 MM (1) Total land position: 2.7 million net acres, including: 378,000 net Montney acres 230,000 net…
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…
Higher Sales & Stronger Balance Sheet Organically grew legacy Paramount production from 11,000 Boe/d following the Musreau sale to 37,000 Boe/d in October 2017 through the Karr development program 98,000 Boe/d 38% Liquids Returned to…
Strategic Transactions 487 MM acquisition; funded with cash on-hand High quality Wapiti Montney acreage, liquids-rich Montney and Duvernay at Kaybob and lower decline, long-life assets in Central Alberta (including 176,000 net…
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…
Focus Assets Btax Return and NPV10 (1) (1) McDaniel P+P unless noted as (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…
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…
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…
Permian Karr Comparison Note: Permian Operators based on data provided in publicly available Corporate Presentations for CDEV, CPE, CXO, EGN, FANG, OXY, PDCE, PE, RSPP, SM, WPX and XEC. Paramount Karr wells IP30 volumes are produced…
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…
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…
2018 Budget 2018 Capex 600 million (excluding acquisitions & divestitures) Plan to drill 70 75 net development wells and complete up to 55 of those net wells 55 net well completions represent 13% of PRLs P+P undeveloped locations (1)…
The New Paramount 100,000 Boe/d intermediate E&P company with an extensive portfolio of liquids-rich Significantly Expanded unconventional plays and the financial strength to exploit those opportunities Scale with Financial Reserves:…
Appendix: Asset Detail 18
Karr Montney Asset Detail (1) 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…
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…
Wapiti Montney Asset Detail (1) 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…
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…
Kaybob Duvernay Asset Details (1) 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…
Kaybob Montney Oil Development (1) 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…
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…
Focus Assets Btax Breakeven 10% (1) (1) Breakeven analysis discounted at 10 percent before tax, based on McDaniel P+P type well assumptions (unless noted as (Internal)) using constant costs, FX rate of 0.775 US/C and AECO basis of…
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…
Appendix: Paramount Investments & Performance 29
Strategic and Long-Term Investments (1) Please refer to the heading Reserves and Other Information in the Advisories Appendix. (2) Publicly disclosed by competitor. 30
Performance (1) As evaluated by McDaniel & Associates Consultants Ltd. as of June 1, 2017. 31
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