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INVESTOR PRESENTATION – Questfire Energy Corp.

Questfire Energy Corp. · Mar 1, 2014 · 37 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 1
    TSXV: Q.A Q.B GAINING MOMENTUM. DRIVING VALUE. Spring 2014 Presentation
  2. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 2
    Corporate Profile Shares Listing Shares Issued Held by Officers and TSX-V: 0.556 million Class B* Directors (Basic) Q.A Q.B 13.013 million Class A Basic 59.9%** 20.01 million Class A Fully Diluted *Estimated May 5th, 2014 Post…
  3. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 3
    2014 Guidance Average Production Funds Flow Capital Budget 5,200 - 5,300 boe/d 25 - 28 million 20 million (25% oil & NGL) (incl. G&A and Int.) Exit Bank Debt and W.C. Cash Flow per A Share 36 million*** 1.90 - 2.15 (Basic) 1.25…
  4. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 4
    Asset Base: Diversified, Low-Decline, Opportunity-Rich Land 800,000 gross acres Approx. 65% operated. Operated 377,000 net acres assets typically have higher WI nearly 590 net sections Underworked asset base amenable to…
  5. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 5
    Simplified Capital Structure: March 26, 2014 Transaction Negotiated and closed deal to: 1 Repurchase 32.6 million of Convertible Senior Secured Debentures (due April 30, 2016) Purchase price: 13.6 million cash 2 Purchase by way of…
  6. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 6
    Current Share Structure Class A shares: Class B shares: Basic: 13.013 million 0.556 million outstanding* outstanding Conversion by Nov. 30, 2016 Options: 2.671 million value is the lesser of June 2012 1.51 million 10.00/share…
  7. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 7
    Corporate Debt More Manageable and Flexible Bank Line Facility Sale and Lease Back National Bank Operating Financing Line: 55 million revolver 15 million Financing with Stream plus 5 million Asset Financial March 26, 2014…
  8. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 8
    Corporate Reserves as at December 31, 2013 (GLJ) Summary of Working Interest Reserves and NPV as of December 31, 2013 GLJ Jan. 1, 2014 Forecast Pricing Light & Natural Natural Gas Total Oil Summary of Net Present Value - B.Tax Medium…
  9. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 9
    NAV After the Transaction Higher Per Share Value Proved and Proved Proved and Probable (MM except per share) Producing Total Proved Probable Plus Land GLJ Dec 31, 2014 NPV(10%) 152.973 170.060 215.842 225.842 Bank Debt (May 5, 2014…
  10. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 10
    Growing Funds Flow 25-28 6-7 5.2 4.8 Millions 2.9 -1.0 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014F 2014F
  11. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 11
    Target-Rich Asset Base Core Focus Area Multiple recent Oil and liquids-rich gas successes targets Well recompletions Recent activity creates multi-well inventory in and new drilling Fort McMurray three to four areas Operated…
  12. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 12
    Central Alberta Multi-Zone Deep Basin Production and Drilling 1,350 boe/d Fort McMurray Central Alberta One of two main focus areas for Open Lake activity and capital investment Brazeau Westerose 40% oil and NGL Willesden Green…
  13. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 13
    Open Lake Area Ostracod Oil Development Project 12 Vertical Multi-Zone Locations, 100% W.I. Ostracod B Productive sand outline Ostracod D T43 Productive sand outline ALBERTA T42 15-17-42-6W5M BATTERY 100% W.I. Questfire…
  14. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 14
    Open Lake Area Multi-Zone Opportunities 2,175 m Viking Sands Mannville Channels 2,425 m 2,440 m Glauconitic 2,450 m Ostracod Sands B B 2,475 m Ellerslie C D D Rock Creek C Mississippian
  15. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 15
    Open Lake Vertical Ostracod Type Curve (Single Zone) EUR 143 mboe (60% oil) Capital 1.5 MM NPV10 3.0 MM PIR10 2.0 ROR 89% 60 Payout 1.4 years F&D 10.48 /boe 50 Cost of Production 18,725 /boe/d 40 30 Production Rate…
  16. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 16
    Central Alberta Multi-Zone Deep Basin Production and Drilling Vertical resource play Activities Multiple stacked target zones in Participated in 3 non-op Glauc Hz Deep Basin-type setting Fort McMurray wells to date Approx. 25…
  17. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 17
    East Central Alberta Emerging Horizontal Oil Opportunities One of two main focus areas: Fort McMurray East Alberta 490 boe/d, 9% oil Mannville Auburndale Typical W4 Mannville gas and Hz Wildmere heavy oil Edmonton Cache Tweedie…
  18. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 18
    W4 Horizontal Oil Prospects Perpetual Hz Drlg for Lloyd & Sparky Perpetual Hz Drlg for Sparky T51 10-36 Strat Test Questfire 100% W.I. Crew Hz Drlg for Sparky Perpetual Hz Drlg for Lloyd T50 Mannville Perpetual Hz Drlg for…
  19. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 19
    Auburndale Area Lloydminster Horizontal Oil Development Project 15 Horizontal Locations, 33.3% W.I. T48 Lloydminster K pool Cum. 100 MBO,.3 BCF (excl. sec 20) Curr. 136 bopd, 435 mcfd (excl. sec 20) 15.1 API ALBERTA New Hz…
  20. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 20
    Mannville Area Sparky Horizontal Oil Development Project 8 to 16 Horizontal Locations, 100% W.I. Questfire land Questfire Sparky Hz oil location Sparky Hz. oil producer Sparky oil pool T51 3D seismic ALBERTA 10-36 Strat.…
  21. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 21
    Wildmere Area Sparky Horizontal Oil Development Project 13 Horizontal Locations, 25% W.I. T50 Questfire land Proposed Sparky Hz. oil location Sparky Hz. oil producer Sparky oil pool 3D seismic ALBERTA T49 Sparky Q pool…
  22. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 22
    Mannville/Auburndale/Wildmere Horizontal Lloydminster/Sparky Oil Type Curve EUR: 70 mboe Capital: 1.25 MM NPV10: 1.12 MM PIR10: 0.9 ROR: 68% 70 Payout: 1.4 years 60 F&D: 17.85 /boe Cost of Production: 20,195 /boe/d 50…
  23. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 23
    Oberlin/Red Deer Longer-Term Gas Potential Fort McMurray 1,100 boe/d Oberlin/Red Deer Twinning Chigwell 10% oil and NGL Edmonton Ferrybank Joffre Oberun Longer-term potential Gadsby for CBM and liquids- Red Deer rich…
  24. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 24
    Oberlin Area Coal Bed Methane Potential Upside and Facilities T40 Questfire land 27 Infill Drilling Questfire operated well Locations Questfire operated pipeline Proposed infill drilling location 35 Recompletion HSCN producers…
  25. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 25
    Lookout Butte Liquids-Rich Gas with Low Decline 980 boe/d Fort McMurray 3,500-metre-deep, long-RLI pool developed in 1960s Southern Alberta 20% C5+ & NGL Edmonton (40+ bbls/mmscf) Rundle Formation, Foothills gas, 3% H2S Red…
  26. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 26
    Medicine Hat Large Infill Drilling Potential 600 boe/d Fort McMurray Classic shallow gas (400 m depth) Medicine Hat and Edmonton Second White Specks 100% WI Low operating costs Red Deer Extensive infill drilling potential…
  27. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 27
    Crossfield Fort McMurray 240 boe/d Crossfield Turner Valley 39% oil and NGL Edmonton Carstairs Garrington Operated and non- operated production; Red Deer some lower W.I. unit interests Calgary Mix of formations, Lethbridge…
  28. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 28
    Northwest Alberta Steady Cash Flow Fort McMurray Northwest Alberta 320 boe/d Peace River Arch Girouxville Mitsue 35% oil and NGL Edmonton Puskwaskau Berland Fir Kakwa Non-operated, lower WI Giroux Lake Good cash flow Red…
  29. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 29
    Near-Term Activities and Goals Recompletions and Drilling Drill/Recomplete at 2014 Field Program Open Lake, Auburndale, Cash flow budget of approx. Wildmere, Mannville 20 million with 13 million on drilling and completions. Oil…
  30. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 30
    2014 Forecast Base Case Cash Flow Spending 2014 Forecast Ave Production (boe/d) 5,200 5,300 Exit Production (boe/d) 5,500 Exit Oil & NGL (%) 28+% Funds Flow (MM) 25-28 Capex (MM) 20.0 Debentures Balance (MM) Nil* Exit Senior Bank…
  31. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 31
    Advantages of Questfire Approach Experienced Team Opportunity-Rich Environment Senior management with strong Large land base. Assets were non- operational and exploration core to previous owner and experience. Basin-wide underworked.…
  32. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 32
    Protecting Cash Flow Hedges in Place as of April 10, 2014 Notional Period Commodity Contract Type Quantity Pricing Point Contract Price Jan. 1/14 - Dec. 31/14 Natural gas Fixed price 8,000 GJ/d AECO 7A Cdn3.3575/GJ Jan. 1/14 - Dec.…
  33. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 33
    Management: Experienced. Skilled. Strong. Richard Dahl, President & CEO John Ramescu, VP Land Fred Laudel, VP Exploration Ronald Williams, VP Finance & CFO Professional Engineer Professional Landman 33 years Basin-wide exploration…
  34. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 34
    Management: Proven through the Drill Bit. Focused on Lowering Costs. Darren Kisser, Bruce Shepard, VP Exploitation Rod Keller, Project Manager VP Engineering & Operations 33 years extensive Basin-wide 44 years experience in…
  35. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 35
    Board of Directors Roger MacLeod Neil Dell Richard Dahl Independent Director Independent Director President & CEO, Director Roger MacLeod Independent Professional engineer with 40 Professional engineer with 26 years years industry…
  36. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 36
    Why Invest in Questfire High-NAV asset base, very low Stable hedged cash flow, low Huge leverage to rising share price, low number of production decline, long RLI natural gas prices and light shares outstanding Excellent,…
  37. INVESTOR PRESENTATION – Questfire Energy Corp. – slide 37
    Contact Richard Dahl, P.Eng. President & CEO Tel: 403-263-6688 Email: rdahlquestfire.ca GAINING MOMENTUM. DRIVING VALUE.

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