(000s, except per share, net well and per unit references) Common shares outstanding (March 31, 2019) 24,553 November to May 9, 2019 trading range 0.44 to 0.98 CORPORATE March 31, 2019, net debt(1) () 71,800 60,000 Term(2) SUMMARY…
Transitioning to higher return commodities Dunvegan oil 100% CQE inventory Oil Encouraging third party oil activity in deeper Montney benches WHY INVEST IN CEQUENCE Large gas reserve with significant upside 112 MMboe of proved plus…
All 3 Pools have similar OOIP/section ranges of 6-15 MMBOE Simonette & Karr on primary solution gas drive Kaybob South operator has initiated a pilot secondary recovery waterflood scheme 06-06 1st Hz producer converted to injector…
15-04 SIMONETTE DUNVEGAN Strong Well Results Actual well costs 4-4.5 MM/well: 2100 m laterals, 40-50 frac stages (Tigher frac spacing) LIGHT OIL 8 of 9 wells at or above production model. 09-11, 15-04, 12-14 each paid out in under…
Capital Sensitivity Internal CQE 2,000 m well model 60 WTI US/bbl, 5 US/Edmonton differential, 0.75 CAD/US exchange 1.50 CAD/GJ AECO MRF Alberta Crown Royalties DUNVEGAN OIL SENSITIVITIES TO CAPITAL AND COMMODITY PRICE Price…
03/04-08 Vertical to Horizontal Production Analog VERTICAL VS KAYBOB VERTICAL CQE 04-08 vertical well completed in Q3-2017 WITH Simonette Kaybob South 04-08 vertical producing at or HORIZONTAL above analog Kaybob verticals…
SIMONETTE MONTNEY 100/11-16-061-27W5M Nordegg 07-15 Lwr Mont Producer Historical Upper CQE Hz Montney 15-13 Lwr Mont placement Feb 19 cal day oil rate: 672 bbl/d CQE Montney: 140m 175m Thick LARGE UPPER MONTNEY RESOURCE &…
WEST AREA CHARACTERIZATION CEQUENCE Condensate yield 2X historical SIMONETTE Higher netback production UPPER MONTNEY LIQUIDS-RICH Liquids sales 98% high-value pentanes plus COST-EFFICIENT Less than 15 ppm H2S: 0.30/mcf lower…
East West 60 WTI, 1.50/GJ CDN, 5/bbl diff Montney (1) Montney Costs (Drill, Complete, Equip) (MM) 8.0 8.0 Drilling Results IP30 Production Rate (MMcf/d) 8.5 4.0 Reserves (MBOE) 1,650 1,050 LARGE UPPER ORGIP (Bcf) 8.5 4.3 MONTNEY…
Capital Sensitivity Internal CQE East & West models 60 WTI US/bbl, 5 US/Edmonton differential, 0.75 CAD/US exchange 1.50 CAD/GJ AECO UPPER MONTNEY ECONOMIC SENSITIVITIES TORQUE TO GAS PRICES ABOVE 2.00 CAD/GJ Price Sensitivity…
Contract Type Volume Price (Cdn) GAS GJ/d HEDGING 2019 April 1, 2019 June 30, 2019 Swap 5,000 3.20/GJ DAWN 2019 July 1, 2019 September 30, 2019 Swap 2,500 3.04/GJ DAWN & 2019 April 1, 2019 October 31, 2019 Swap 5,000 1.37/GJ AECO…
Developing highly commercial Dunvegan oil - 100% CQE lands WHY INVEST IN 112 MMboe recognized proved and probable Montney reserves (1) with torque to improving gas prices CEQUENCE Upside oil opportunities in other Montney benches…
APPENDIX 16
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…
2nd lien secured 7 million 2.8 million undrawn per year 60 million term Senior Credit interest loan 5% Facility savings RESTRUCTURED DEBT - 2018 60 million Term Loan 7 million Senior Credit Facility Maturity - October 3, 2022…
Todd Brown CEO MANAGEMENT Management Allan Mowbray VP Finance and CFO AND BOARD Dave Robinson VP Ex and Chief Geologist Team Chris Soby VP Land and Corporate Development Erin Thorson Controller Don Archibald Chairman Peter…
www.cequence-energy.com Contacts: Todd Brown Allan Mowbray 1400, 215 9th Ave S.W. Calgary AB T2P 1K3 CEO VP Finance and CFO Phone: 403-229-3050 Fax: 403-229-0603 tbrowncequence-energy.com amowbraycequence-energy.com TSX:CQE TSX:CQE 21
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