Cequence Energy Ltd. Focused Effort Spring 2018 TSX:CQE 1
Contiguous, focused, high-WI land position STREAMLINED ALBERTA DEEP Multi-year inventory including expanding oil play BASIN PRODUCER Facilities and take-away capacity Improved drilling / completion execution Better per-well…
Trading Symbol TSX: CQE Q1 2018 average production 6,970 boe/d OVERVIEW 52-week trading range 0.04 - 0.27 Shares outstanding 246 MM Insider ownership (1) 10.5% Market capitalization (2) 17 MM Net debt - March 31, 2018(3) 74.5…
Improving Netback Improved Well Performance Divested non-core high Well design improvements: STRATEGY cost assets Strong Dunvegan oil results Increased oil & liquids above analog averages weighting: 27% up from Montney netback…
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 17 treater & Pembina connection 11-14 12-14 Vertical 100% WI Pool Extension IP30: 45 BOPD 5-7 Battery 2,000 bbls/d 1,150 Hp 15-04 Compressor SIMONETTE DUNVEGAN LIGHT OIL 05-06 vertical INVENTORY delineation 9m gross…
4-11 Fish in lateral SIMONETTE DUNVEGAN New well first month production based on: 102/15-04 23 days, 12-14 30 days, 11-14 18 days LIGHT OIL Strong Well Results 2017/2018 actual costs 4.5 MM/well: 2.1 Km laterals, 39 frac stages…
SIMONETTE MONTNEY 100/11-16-061-27W5M Nordegg Historical Upper CQE Hz Montney placement BIG RESOURCES All zones 121 MMboe proved plus probable booked reserves (1) Montney: 140m Thick (1) Reserves evaluation by…
WEST AREA CHARACTERIZATION CEQUENCE Double the condensate rate vs the historical type curves SIMONETTE Condensate rate 2X historical Higher netback production LIQUIDS-RICH Liquids sales 98% high-value pentanes plus…
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…
2,500 m Mean 2017 West 16-33 - 3% GORR 65 WTI, 2.50/GJ CDN Well (1) Montney (50 bbl/MMcfd C5) Parameters Length (m) 2,500 2,850 3,050 Costs (Drill, Complete, Equip) Total (MM) 7.7 8.0 8.6 COMMERCIAL Drilling Results IP30…
Cequence Alliance Meter Station Capacity 120 MMcf/d Pembina Lator Truck Terminal CQE 9-10 Field Compressor Alliance/Aux Sable Deep Cut Plant SIMONETTE EGRESS Proposed Pembina Simonette Terminal Chicago, Illinois NGTL…
Six Month ending June 30, 2018 (000s, except per share and per unit references) SIX MONTH 2018 Average production, boe/d (1) 6,300 GUIDANCE Funds flow from operations ()(2) 5,200 Funds flow from operations per share(2) 0.02…
Volume Price 2018 Contract Type GJ/d Cdn HEDGING GAS Average Gas 2018 January 1, 2018 March 31, 2018 12,500 3.01/GJ AECO Swap Volume Price OIL bbl/d Cdn 2018 January 1, 2018 March 31, 2018 Swap 500 67.17/bbl 2018 April 1, 2018…
Improved netbacks with focus on oil targets Improved Costs Divested high cost non-core assets WHY OWN CQE Large Recognized Reserves 122 MMboe proved + probable reserves (1) Expanding highly commercial Dunvegan oil inventory…
APPENDIX TSX:CQE 17
Todd Brown CEO Howard Crone EVP and Interim 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: Todd Brown Howard Crone 1400, 215 9th Ave S.W. Calgary AB T2P 1K3 CEO Executive VP and Interim CFO Phone: 403-229-3050 Fax: 403-229-0603 tbrowncequence-energy.com hcroneCequence-energy.com TSX:CQE…
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