EAST COAST ENERGY CONFERENCE FIRSTENERGY CAPITAL CORP./ SOCIT GNRALE March 12, 2014 1
Corporate Profile Average 2013 production: 20,914 Boe/d (85% gas) 97.1 MM shares outstanding Market capitalization 45.50/share: 4.4 billion 50% insider ownership 924,000 net acres undeveloped land (December 31, 2013) Net…
Core Areas Average Production (Boe/d) 2013 Kaybob 13,402 Grande Prairie 4,459 Southern 2,179 Northern 874 Total Boe/d 20,914 2014E capital expenditures: 650 MM (including Strategic Investments) 4
Kaybob Resource *Graphic courtesy of www.canadianoilstocks.ca Paramount Acreage: 560 sections Cretaceous Rights 394 Sections Montney Rights 258 Sections Duvernay Rights Deep Basin Liquids-rich gas resources in multiple stacked…
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 325 net sections of Montney rights 2011/2012 program included 12 Hz Montney wells: tested 5.5-15.4 MMcf/d(1) Montney 2013 program: Drilled 13 wells; commenced…
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
Musreau 2014 Capital Plan Drill 25 (25 net) horizontal Montney wells Start drilling 8 (8 net) Montney pad wells Drill 3 (2.3 net) horizontal Falher/Wilrich wells Drill 4 (3.5 net) vertical wells to hold lands Bring 70 (net)…
Karr 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 interest Expanded…
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) 18
Sales Turbines 19
20
Process Flow Chart: Musreau Deep Cut Facility 21 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…
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 wells on production Production processed through pilot facility limited to 3 MMcf/d NGL yields average 60 Bbl/MMcf Four wells planned in H2 2014 Evaluating type curve/NGL ratios to determine economic…
PARAMOUNT INVESTMENTS 27
Paramount Investments 19.1 MM shares of Trilogy 28.00/share 536 MM 54.1 MM MGM Energy Corp. shares 9 MM 0.16/share Fox Drilling Inc. 85 MM 3.7 MM shares of MEG Energy 34.00/share 126 MM Other (Marquee, RMP, Strategic, Westbrick,…
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 = 1.7 Billion Bbl(1) 80 wells drilled to date; 42 cored…
LIARD, NWT 33
Liard Basin Drilled and completed b-40-I Clean-up test: 5-14 MMcf/d(1) Completion of d-57-D/94-O-12 horizontal planned for later in 2014 Liard Basin industry estimates(2): 170-500 Bcf / section OGIP 20% expected recovery 34-100…
Quarterly Operating Results 35
Conventional Reserves 36 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 38
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 43
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