JANUARY 2014 CORPORATE FACT SHEET Corporate Overview Forent (FEN) is an aggressive junior E&P company (market capitalization 19.9 MM) with quality producing assets and a high impact exploration play in southern Alberta. In 2013, Forent…
www.forentenergy.com Production Base 3 operated producing oil properties Working interest 50-100% Current production 200 BOE/day 120 barrels/d, Oil & NGL 480 mcf/d, Natural Gas Owned and operated facilities 2014 Capital…
TSV:FEN Investor Presentation January 2014
TSV:FEN Forward-Looking Statements This presentation may include forward-looking statements including opinions, assumptions and estimates of future production, reserves, cash flow and earnings. Forward-looking statements are subject…
TSV:FEN Forent Energy Ltd. Forent Energy Ltd. is a Calgary-based junior oil and natural gas producer pursuing a combination of short- term oil growth through in-fill development drilling and multi-zone high potential exploration in…
TSV:FEN Forent Corporate Data at January 20, 2014 Shares outstanding Basic 181.6 MM Fully diluted 194.3 MM Management / insider / associated entity ownership 44% Market cap (0.11 per share) 19.9 MM Current Production 194 boe/d…
TSV:FEN A Seasoned Management Team A strong team experienced in exploration, exploitation, asset evaluation and Engineering Richard Wade P.Eng. acquisitions President & CEO Geology Tim Laska P.Geol. MBA Ian Shook Exploration…
TSV:FEN Strong Corporate Governance Experience Area of Expertise W. Brett Wilson 30 years, Chairman Prairie Merchant Corporation, Co-Founder Finance, equity, philanthropy, FirstEnergy Capital mergers & acquisitions Chairman 30…
TSV:FEN 2014: Growth Through the Drill Bit Forent Energy Jan 2014 194 BOE/d 0.11/share Market Cap 19.9 MM Alberta Development Drilling Montgomery Exploration Initial 4 net available low 100% partner funded risk, infill,…
TSV:FEN Alberta Areas of Operation Red Deer Core oil Twining 46 bopd Provost 41 bopd production and development properties acquired in Drumheller Calgary 2013. Wayne 35 bopd Budgeted Chinook Development Exploration…
TSV:FEN 2014: Growth per Share Thousands, except per share amounts Base Upside Dec 31, 2013 estimated NPV 10 proved and probable reserves 16,900 16,900 Dec 31, 2013 estimated net debt (1,924) (1,924) 2014 capital program -…
TSV:FEN Alberta Development Drilling 4.2 MM Capital Program Budgeted Est. Peak Production: 407 BOE/d Q3 2014 Est. Peak Cash Flow: 937K Q3 2014 Estimated per share increase .05 10
TSV:FEN Twining Property Development Vertical Drilling Q1 2014 Current Net Production: 54 BOE/day Pekisko 44 bbl/day 30 API oil 2 bbl/day liquids 46 Mcf/d of sales gas 100% Working Interest 8 vertical locations identified…
TSV:FEN Wayne Property Horizontal Development Drilling Opportunities Current Net Production: 41 BOE/day Ellerslie 34 bbl/day 31 API oil 1 bbl/day liquids 38 Mcf/d of sales gas Working Interest 67% 3 Horizontal locations…
TSV:FEN Provost Property Horizontal Development Drilling Opportunities Current Net Production: 35 BOE/day Ellerslie 35 bbl/day 17 API oil Working Interest 60-100 % 6 Horizontal locations identified 100% 3D Seismic over the pool…
TSV:FEN Montgomery Farm-Out W4 01-16-12-29W4 drilled Q4 2012 to test non-fractured Second White TSX listed intermediate producer paying 100% to earn Specks resource potential. 70% WI on four sections Anticipate Q1 2014 spud…
TSV:FEN Montgomery Exploration Conventional 2WS Production 06-06 has produced 1,500,000 bbl oil and 2,600,000 mcf of gas Identified 12 locations analogous to 06-06 on 3D seismic Proposed 14-12-12-29W4 well is to be drilled into…
TSV:FEN Montgomery: Multi Play Potential 01-16 14-12 06-06 Test well Next location Producer 06-06 producer Produced from 01-16 test well naturally fractured Oil was Second White recovered Specks from 2WS Encountered Wellbore…
TSV:FEN Montgomery Exploration 14-12-12-29W4 Exploration Well Economics Economic analysis assumptions Assumptions were derived from ONLY the first 10 years of production from the 06-06 well (30% of total reserves recovered from the…
TSV:FEN Montgomery, Alberta: Resource potential in Second White Specks and Lower Mannville Evaluation Process Conclusions Drilled vertical test well (01-16-12-29) in Production tests from the structurally quiet area to evaluate…
TSV:FEN Montgomery, Alberta: Multi Zone potential upside Conventional Multi Zone Exploration Forent working interest includes all petroleum rights (surface to basement) Several structural traps with stacked sands have been…
TSV:FEN Alton Block Prince Edward Island New Brunswick Our technical review, assessment and audit of the plays and anticipated Alton Block prospects underlying the Alton Block Sable Island indicate that all the parameters…
TSV:FEN Alton Block: Hydrocarbon-Rich Nova Scotia Two major hydrocarbon reservoirs identified Minas Basin Gays River reefs occur in Shubenacadie sub-basin Horton shale gas potential 12 miles Forent Alton Block 100%…
TSV:FEN Alton Block: Go Forward Plan Current Understanding Reef prone sub-basin is variably charged with hydrocarbon concentrations - can be measured with surface geochemistry study Based on existing geophysical data Forent can…
TSV:FEN Total Current Portfolio Twining 8 vertical development locations: 4 drills Q1 2014 Wayne 3 gross horizontal development locations Low risk/short term Provost 6 gross horizontal development locations Montgomery 11 gross…
TSV:FEN Forent Energy: 2014 Short, Medium and Long-Term Strategies Short Long 2014 2015 + Montgomery, Alberta Asset enhancement Delineation drilling Facilities upgrades Multi-zone exploration Development drilling Montgomery…
TSV:FEN Principled Team. Focused Strategy. Tremendous Opportunities. Forent Richard Wade P.Eng Energy President, CEO Contact Office: 403.262.9444 x 211 E-mail: rwadeforentenergy.com Forent Energy Ltd. Forent Energy Ltd. Head…
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