CIBC WHISTLER INSTITUTIONAL INVESTOR CONFERENCE January 24, 2014 1
Corporate Profile Q3 YTD 2013 production: 21,125 Boe/d (85% gas) 97.1 MM shares outstanding Market capitalization 40.00/share: 3.9 billion 50% insider ownership 1.2 million net acres undeveloped land (December 31, 2012) Net…
Core Areas Average Production (Boe/d) Q3 YTD/2013 Kaybob 13,740 Grande Prairie 4,338 Southern 2,141 Northern 906 Total Boe/d 21,125 2013 Capital Budget: 800 MM (includes Strategic Investments) 4
Kaybob Cretaceous Gas Resource CRETACEOUS GAS SANDS DGIIP PER SECTION Significant liquids-rich 70 Bcf/Section Average DGIIP(1) gas resource exists within Deep Basin tight sand reservoirs 40160 Bcf per section DGIIP(1) 1.55.0 Bcf…
Dunvegan Hz Wells Hz Dunvegan well at Resthaven Tested 11.3 MMcf/d(1) at 6.2 MPa IP: 8.3 MMcf/d Producing 1.5 MMcf/d Cost: 8.3 MM d/c/t 6 (1) Please refer to the heading Test Results in the Advisories section of this…
Falher Hz Wells Hz Falher well at Musreau Tested 16.4 MMcf/d(1) at 20.8 MPa IP: 12 MMcf/d Producing 2 MMcf/d Cost: 8.6 MM d/c/t 7 (1) Please refer to the heading Test Results in the Advisories section of this presentation…
Falher Type Curve 8
Economics of Kaybob 4.9 Bcf Horizontal Falher Well 9 * Based on processing through a refrigeration facility
Montney Gas Resource Liquids-rich Montney gas play Paramount holds 335 sections (215,000 net acres) of Montney rights 2011/2012 program included 12 Hz Montney wells: tested 5.5-15.4 MMcf/d(1) Montney 2013 program: Drilled 17 of…
Montney NGL Rates For Paramount well test results please refer to the heading Test Results in the Advisories section of this 11 presentation for further information. Test results from Competitor wells were obtained through publicly…
3.7 Bcf Montney Type Curve 12 * Based on processing through a refrigeration facility
Montney Drilling/Completion Improvements Pad drilling/pad layout Bits/muds/motors Well design: monobores/orientation/reservoir placement Toe up/toe down: effects on production Natural gas fueled rigs Cemented liners/open-hole…
Fox Rig No 3 14
Kaybob Plant Capacity Gross Net POU Est. Net Raw Raw POU Sales Capacity Capacity Capacity(1) Current Capacity MMcf/d MMcf/d Boe/d Musreau Refridge 45 45 8,500 Plant Resthaven Plant 20 10 2,000 Smoky Plant 100 10 2,500 Kakwa…
Kaybob Processing Capacity (1) (2) 16
Sales Turbines 17
18
Process Flow Chart: Musreau Deep Cut Facility 19 Note: Illustrative example Based on indicative prices and differentials which are subject to change
Illustrative Deep-Cut Mix of Cretaceous and Montney Montney Wells Only Example Wells Example 200 MMcf/d x 15% Shrinkage=170 200 MMcf/d x 23% Shrinkage=154 Price MMcf/d (28,333 Boe/d) Sales Gas MMcf/d (25,667 Boe/d) Sales Gas 100…
Paramount Deep-Cut Montney - Illustrative Project Economics Paramounts shallow rights will add substantially to the RLI Paramount has de-risked a substantial amount of its land base and thus could have the potential to do this many…
Karr-Gold Creek Located 50 km SW of Grande Prairie Multi-zone potential, including Halfway, Montney sour and Gething, Bluesky, Falher sweet commingled gas Current lands 93,500 net acres (146 sections) Average 78% working…
Valhalla Montney/Doig/Boundary Lake Play 16 wells tied in at restricted rates (midstream constraints) Currently tieing in to additional midstream capacity Gathering system expansion and additional compression completed 2012…
Birch Three Hz Montney on production Production processed through pilot facility limited to 3 MMcf/d Evaluating type curve/NGL ratios to determine economic viability 24 (1) Please refer to the heading Test Results in the…
PARAMOUNT INVESTMENTS 25
Paramount Investments 19.1 MM shares of Trilogy 27.00/share 517 MM 54.1 MM MGM Energy Corp. shares 9 MM 0.16/share Paramount Drilling U.S./Fox Drilling Inc. 85 MM 3.7 MM shares of MEG Energy 31.00/share 115 MM Other…
CAVALIER ENERGY INC.
Cavalier Energy Inc. Created in December 2011 Experienced team led by CEO Dr. Will Roach (ex UTS) Paramount has contributed its oilsands assets and seed capital to Cavalier Energy Funding at the Cavalier level will be via a…
Cavalier Assets Approximately 320 sections gross (316 net) Prospective primarily for conventional oilsands, bitumen in carbonates, and cold-flow heavy oil Hoole Project: 100% WI (1) Resource estimates are Best Estimates based…
Hoole Grand Rapids - 1st Project Grand Rapids Reservoir = 30 %, k = 1 to 4 D d = 250m, h 20m, p = 1,500 kPa Viscosity = 200,000 to 2,000,000 cp McDaniel Best Estimate: DEBIP=1.6 Billion Bbl(1) 75 wells drilled to date; 39 cored…
LIARD, NWT 31
Liard Basin Drilled and completed b-40-I Clean-up test: 5-14 MMcf/d(1) Tie in planned for late 2013 to evaluate well performance Drilling of d-57-D/94-O-12 horizontal to be completed in Q4 2013 Recently announced Liard Basin…
Quarterly Operating Results 33
Conventional Reserves 34 Columns may not add due to rounding. As these tables only cover conventional reserves they do not include any oil sands reserves estimates. Nominal amounts of estimated reserves and future net revenues have…
Summary Exposure to significant reserve opportunities Kaybob Deep Basin: Cretaceous, Montney Karr: Montney Valhalla: Montney, Doig Birch: Montney Significant asset value Trilogy MGM MEG Energy Cavalier Energy Horn River/Liard…
ADVISORIES APPENDIX 36
Advisories contd For Saleski and the other carbonate bitumen properties, DEBIP volumes have been restricted to those portions of the reservoirs that have a minimum thickness of 10 meters of substantially clean, continuous predominantly…
4700 Bankers Hall West 888 Third Street S.W. Calgary, Alberta Canada T2P 5C5 Telephone: (403) 290-3600 Facsimile: (403) 262-7994 www.paramountres.com 41
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