Corporate Overview Founded in 1976; IPO in 1978; TSX: POU Market Cap: 2.4 Bln (133.6 MM shares 18.00/sh) Net Debt at Dec 31, 2017 636 MM (1) Total land position 3.1 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 Returned to pre-disposition…
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 Montney and Duvernay Assets Location Breakeven Breakeven 2021 Wellhead Production Stage of Asset Description Inventory WTI Oil NYMEX Gas Potential (Gross) Development (1) (2) (2) P+P Total (1) US/Bbl () US/MMbtu ()…
Focus Assets BTax Return and NPV10 (1) (1) Based on US50/Bbl WTI & US3.00/MMbtu NYMEX, US1.00/MMbtu AECO Basis & FX US/C 0.80. Refer to the heading Reserves and Other Information in the Advisories Appendix. 8
Grande Prairie Snapshot Operational Highlights 2018 Program: D/C/T 10 wells at Karr Drill 23 wells; complete 6 wells at Wapiti Q4 2017 Sales: 31,791 Boe/d (51% liquids) Asset Summary Three Montney assets in Alberta Deep Basin…
Karr Montney Asset Detail (1) Operational Highlights Rig released all 27 (2017) wells within 10% of budget Increased average frac stages completed per day from 5 on earlier pads to 10 on most recent pad (high is 17 frac stages in 24…
Karr Montney P+P Type-Well (1) Karr West Unit Lateral Length = 3,000m Wellhead IP30 Boe/d 2,112 Proppant Loading = 1,565 lb/ft (2.3 t/m) Stages = 75 Wellhead IP30 Condensate % 67 Total Sales Gas Bcf 4.8 Total Sales Condensate…
Wapiti Montney Asset Detail (1) Operational Highlights 9-3 pad drilling begun (total 11 wells in 2018) Additional 12 wells to be drilled from 5-3 pad Third party gas plant and infrastructure under construction with scheduled Q2 2019…
Wapiti Montney P+P Type-Well (1) Wapiti Unit Wellhead IP30 Boe/d 2,159 Wellhead IP30 % 56 Condensate Total Sales Gas Bcf 4.9 Total Sales MBbl 500 Condensate Total Sales Volume MBoe 1,408 DCET (multi-well pad) MM…
Kaybob Snapshot (1) Operational Highlights 2018 Program: D/C/T 21 hz Montney oil wells Drill 15 hz Duvernay wells from three pad sites Complete and tie in 9 hz Duvernay wells Evaluating gas re-routing projects to reduce operating…
Kaybob Duvernay Asset Details (1) Operational Highlights Kaybob Smoky 10-35 pad: 4 wells on pad spud Kaybob South 7-22 pad: 5 wells on pad spud Kaybob South 7-28 pad: 6 wells planned Near-term data acquisition projects include fiber…
Kaybob Duvernay P+P Type-Well (1) Kaybob Smoky Unit Lateral Length = 2,700m Wellhead IP30 Boe/d 1,877 Proppant Loading = 2,000 lb/ft (3.0 t/m) Wellhead IP30 Condensate % 69 Total Sales Gas Bcf 2.2 Total Sales Condensate MBbl…
Kaybob Montney Oil Development (1) Operational Highlights 22 gross wells were drilled and completed in 2017 2018 activity: drill and complete up to 21 horizontal wells Asset Potential Discovered 2011 with 150 wells drilled to date…
(1) Kaybob Montney Oil P+P Type Well Kaybob Montney Unit Wellhead IP30 Boe/d 545 Wellhead IP30 Oil % 80 Total Sales Gas Bcf 0.6 Total Sales Oil/Condensate MBbl 154 Total Sales Volume MBoe 261 DCET (multi-well pad) MM 3.0…
Central Alberta & Other Snapshot (1) Operational Highlights 2018 Program: 2 hz Duvernay wells planned at Willesden Green 3 hz Glauconite wells planned at Leafland New well at 02/13-5-39-5W5 had a peak rate of 532 Bbl/d (total…
(1) Willesden Green Operational Highlights Drill 2 hz Duvernay wells from the 4-21-39-4W5 pad Complete 1 hz Duvernay well Asset Potential Duvernay Shale Play 59,686 acres of land (100% WI) Drilled and completed 4 Hz Duvernay…
2018 Budget 2018 Capex 600 million (excluding acquisitions & divestitures) Plan to drill 75 development wells and complete 51 of those wells 51 well completions represent 12% of PRLs P+P undeveloped locations (1) Drilling services…
Midstream & Marketing Strategy Midstream Portfolio Positioned for Growth Karr 06-18 Takeaway capacity secured to manage Montney and Duvernay growth plan through 2021 Owned and operated infrastructure coupled with 3rd party midstream…
Strategic and Long-Term Investments (1) Please refer to the heading Reserves and Other Information in the Advisories Appendix. (2) Publicly disclosed by competitor. 24
The New Paramount 100,000 Boe/d intermediate E&P company with an extensive portfolio of liquids- rich unconventional plays and the financial strength to exploit those opportunities Significantly Expanded Reserves: 149 MMBoe PDP, 376…
Appendix: Additional Information
Performance (1) As evaluated by McDaniel & Associates Consultants Ltd. as of December 31, 2017. 27
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…
Focus Assets Btax Breakeven 10% (1) (1) Breakeven analysis discounted at 10 percent before tax, based on internal type well assumptions using constant costs, FX rate of 0.80 US/C and AECO basis of US1.00/MMbtu. Breakeven oil prices…
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