Corporate Overview Founded in 1976; IPO in 1978; TSX: POU Market Cap: 1.8 Bln (131.9 MM shares 14.00/sh) Insider ownership: 47% Pro Forma Net Debt: 684 MM (1) Total land position 3.0 million net acres including: 330,000 net Montney…
Highlights Transaction Highlights May 2017 closed the sale of Valhalla assets for cash of 150 MM August 2017 closed Apache Canada acquisition for 487 MM September 2017 merged with Trilogy for 1 POU share for every 3.75 TET shares…
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 183,000 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 ()…
Grande Prairie Snapshot Operational Highlights 2018 Program: Drill two five-well pads at Karr; complete 1 pad Drill 23 wells; complete 6 wells at Wapiti H1 2018 Sales: 27,938 Boe/d (50% liquids) Asset Summary Resthaven/Jayar sold…
Karr Montney Asset Detail (1) Operational Highlights Wells on the 1-2 pad are drilled and completed; expected to produce Q3 2018 Wells on the 4-24 pad are rig released and will be completed Q1 2019; expected to produce Q1 2019…
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 is complete (total 11 wells); six wells are expected to be completed in Q4 2018 Additional 12 wells to be drilled from 5-3 pad Third party gas plant and…
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 8 of 17 planned Montney wells have been drilled and put on production 9 of 14 planned Duvernay wells are rig released and expected to be on production in Q3 2018 Evaluating gas re-routing…
Kaybob Duvernay Asset Details (1) Operational Highlights Kaybob Smoky 10-35 pad: 4 wells drilled and completed; expected to be brought on production Q3 2018 Kaybob South 7-22 pad: 5 wells drilled and completed; currently producing on…
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 2018 activity: Eight of the 17 Montney horizontal wells planned are completed and on production New well design incorporates a higher number of frac stages and increased…
(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: 5-29 hz Duvernay well completed at Willesden Green 2 of 3 hz Glauconite wells at Leafland drilled; one has been cased New well at 02/13-5-39-5W5 had a peak…
(1) Willesden Green Operational Highlights Horizontal well at 5-29 has been completed and is expected to be brought on production Q3 2018 Asset Potential Duvernay Shale Play 59,686 acres of land (100% WI) Drilled and completed 4…
2018 Capital Program 2018 Capex 600 million (excluding acquisitions & divestitures) Plan to drill 70 development wells and complete 42 of those wells 42 well completions represent 11% of PRLs P+P undeveloped locations (1) Drilling…
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. 23
The New Paramount 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 MMBoe Proved,…
Appendix: Additional Information
Performance 1) Represents midpoint of 2018 production guidance 2) As evaluated by McDaniel & Associates Consultants Ltd. as of December 31, 2017. 26
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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