Cequence Energy Ltd. 2nd Annual Schachter Catch the Energy Conference October 19th, 2019 TSX:CQE 1
10.0 million pre-payment of the 60.0 million Repaid Term Loan RECAPITALIZE Amend the Term Loan AND Extend maturity by 1 year to Oct 3, 2023 IMPROVED Fix interest rate at 5% eliminating escalation to Improve BALANCE 10% when funds…
(000s, except per share, ratios, production and per unit references) Common shares outstanding at June 30, 2019 41,784 Closing share price September 30, 2019 0.32 CORPORATE 52 week share price trading range - September 30, 2019 0.24 to…
Investing in higher return commodities Dunvegan oil 100% CQE inventory Oil Encouraging third party oil activity in other 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…
SIMONETTE DUNVEGAN Strong Well Results LIGHT OIL Actual well costs 4-4.5 MM/well: Target 2,000 m laterals, 40-50 frac stages (Tigher frac spacing) 09-11, 15-04, 12-14 each paid out in under one year PERFORMANCE Oil moving through 50% CQE…
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…
SIMONETTE MONTNEY 100/11-16-061-27W5M 07-15 Lwr Mont Producer Nordegg Historical Upper CQE Hz Montney placement 15-13 Lwr Mont 3rd Party Lwr Mont Feb 19 cal day oil Test Spud Aug 16/19 rate: 672 bbl/d CQE Montney: 140m…
100/11-16-061-27W5M Nordegg MONTNEY OIL Upper AND LIQUIDS Montney DISTRIBUTION Lower Montney Paleozoic Most Industry activity is in the liquid rich gas phase Oil is expanding in multiple benches continuing up into…
100/11-16-061-27W5M Nordegg Upper Montney LOWER MONTNEY OIL AND LIQUIDS DISTRIBUTION Lower Montney Paleozoic Lower Montney activity is typically less mature than other Montney benches Oil has been a significant…
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…
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 ORGIP (Bcf) 8.5 4.3 RECOGNIZED…
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 July 1, 2019 September 30, 2019 Swap 2,500 3.04/GJ DAWN 2019 July 1, 2019 October 31, 2019 Swap 5,000 1.37/GJ AECO & 2019/20 Nov 1, 2019 March 31, 2020 Swap 5,000 2.11/GJ AECO…
Developing highly commercial Dunvegan oil - 100% CQE lands 112 MMboe recognized proved and probable Montney reserves(1) with WHY INVEST IN torque to improving gas prices CEQUENCE Emerging upside oil opportunities in other Montney…
APPENDIX 18
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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