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Corporate Update – Contact Exploration Inc.

Contact Exploration Inc. · Jul 31, 2014 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Corporate Update – Contact Exploration Inc. – slide 1
    Contact Exploration Corporate Update Summer 2014
  2. Corporate Update – Contact Exploration Inc. – slide 2
    Consistent Growth 4 Amidst challenged markets for the junior resource sector - Contact has outperformed 18X increase in market cap since September 2009 5X increase in share price during this same period 12X increase in…
  3. Corporate Update – Contact Exploration Inc. – slide 3
    The Company (CEX) - TSXV 5 Market Capitalization at .44/share 123,000,000 Common Shares Outstanding 279,737,993 Other Conversion Option on Preferred Shares (exercise Price .20) 5,000,000 Options Outstanding (exercise price .10 -…
  4. Corporate Update – Contact Exploration Inc. – slide 4
    Executive Summary 6 1) Alberta: Montney Condensate-rich Gas Project 86 gross/72 net sections in the Deep Basin (98% operated), containing mixed rights CEX team has collectively drilled in excess of 100 Deep Basin wells with greater…
  5. Corporate Update – Contact Exploration Inc. – slide 5
    Leadership 7 Steve Harding P. Geol President and Chief Executive Officer Steve is a Professional Geologist with over 30 years of experience Previously VP Alaska/Mackenzie Delta & Northern Canada EnCana Corp., Chief Geoscientist at…
  6. Corporate Update – Contact Exploration Inc. – slide 6
    Board Of Directors 8 Ken Bowie, P.Eng, MBA Pres./CEO of Spry2 Energy Inc.; Formerly Pres./ CEO of Spry Energy (sold to Whitecap in April 2011), Former Pres./ CEO of Progress Energy Ltd. Member of the Audit and Corporate Governance,…
  7. Corporate Update – Contact Exploration Inc. – slide 7
    Deep Basin Land Position 9 Contact positioned in the heart of the condensaterich Kakwa Area Montney Formation play CEX holds 80 gross Montney prospective sections 30 at Kakwa (19 sections at 25%; 11 sections at 100%) 27 at Chime…
  8. Corporate Update – Contact Exploration Inc. – slide 8
    Excellent Resource Play 10 Montney Reservoir Deposited in a structurally-active west-facing basin Siliciclastic system dominated by relatively well-sorted dolomitic CEX Lands siltstones and very fine-grained sandstones Accumulated…
  9. Corporate Update – Contact Exploration Inc. – slide 9
    East Kakwa Results 11 Contact has drilled/completed 8 wells at Kakwa (7 operated), all currently on production (2 more drilled awaiting completion) Superior capital management compared to regional competitors Wells have now targeted…
  10. Corporate Update – Contact Exploration Inc. – slide 10
    Multiple Prospective Zones in the Montney 12 Both Upper(D4) and Middle Montney(D2) have demonstrated commercial hydrocarbon productivity in the Kakwa area (100m thick CEX Wells 7G Wells interval) Industry is beginning to delineate…
  11. Corporate Update – Contact Exploration Inc. – slide 11
    East Kakwa Reserves and Economics 13 1 Mile Proved + Probable Type Curve Independent Evaluation by McDaniel & Associates March 31, 2014 10.5 gross sections of 18.75 total booked in D2 INTERVAL: 21 1 mile wells and 13 1.5 mile wells…
  12. Corporate Update – Contact Exploration Inc. – slide 12
    West Kakwa 14 CEX holds 11 sections of Montney rights at West Kakwa 10-36-63-8W6 W Kakwa Prospectivity in multiple zones within the 200m Montney interval Anticipate elevated liquids based on geological modeling Shell Canada…
  13. Corporate Update – Contact Exploration Inc. – slide 13
    Chime 15 Both Upper and Lower Montney potential (U. Montney tested) 7-31-60-5W6 Also hold shallow rights in 15 sections Chime CINCH ET AL CHIME 100/07-31-060-05W6/00 Anticipate elevated liquids based on geological modeling…
  14. Corporate Update – Contact Exploration Inc. – slide 14
    Pinto 16 CEX holds 23 sections of Montney rights (16 contain uphole rights) 2-21-55-27W5 and 6 sections with shallow rights only Pinto 8 offsetting Notikewin wells, 2 approx. 1 mi from CEX lands producing 10-14MMcf/d XTO/Celtic…
  15. Corporate Update – Contact Exploration Inc. – slide 15
    Operational Excellence 17 Contact has demonstrated industry leading capital management Drilling and completion costs continue to decrease as efficiencies improve Drilling times have been reduced by 33% Cost reductions associated…
  16. Corporate Update – Contact Exploration Inc. – slide 16
    Products and Marketing 18 CEX designed gathering system for flexibility: ensures products to market Very high condensate levels require liquid knock-out prior to gas plant Condensate separated at new 16-7-63-5W6 Contact-operated…
  17. Corporate Update – Contact Exploration Inc. – slide 17
    Planned/Proposed Infrastructure Expansions 19 Liquids and gas infrastructure continues to expand to meet area production levels TransCanada Pembina Pipeline: 24 sales gas pipe Condensate transport 400MM/d increase proposed Q2 2015…
  18. Corporate Update – Contact Exploration Inc. – slide 18
    New Brunswick Natural Gas 20 Prospective gas interval up to 2000m in thickness Brittle sandstone and shale lithologies; fracturing seen in the Frederick Brook GLJ estimated 10.9 Tcf undiscovered PIIP (best estimate) in Frederick…
  19. Corporate Update – Contact Exploration Inc. – slide 19
    LNG Opportunity 21 Contact has aligned with Pieridae/Goldboro LNG: Pieridae is a private Canadian company with plans to build an LNG facility in Nova Scotia, sourcing gas from the Scotian Shelf, Onshore Atlantic Canada and the NE…
  20. Corporate Update – Contact Exploration Inc. – slide 20
    Natural Gas Development 22 JOINT VENTURE in developing Contacts Natural Gas assets in NB: Pieridae paid Contact upfront 1.3MM cash Contact received 15% outstanding shares in Pieridae Contact will have rights to participate in all…
  21. Corporate Update – Contact Exploration Inc. – slide 21
    Upstream Management 23 UPSTREAM MANAGEMENT services will be provided by Contact to Pieridae Contact will manage all onshore natural gas feedstock, to be dedicated to the Goldboro Facility (natural gas from Atlantic Canada,…
  22. Corporate Update – Contact Exploration Inc. – slide 22
    Stoney Creek Oil Field 24 Acquired 100 year old Stoney Creek field in New Brunswick (2005) 30 MMbbls total petroleum initially in place* - 900,000 bbls produced Executed modern technology program to old field Current team drilled…
  23. Corporate Update – Contact Exploration Inc. – slide 23
    Well Design and Execution 25 Drilled 2 different regions of the pool Similar avg. production profile to Cardium oil well in AB** N-88 K-78 Lower Hiram Brook Structure Map Reserves and Internal Estimates* 90/bbl Brent…
  24. Corporate Update – Contact Exploration Inc. – slide 24
    Hopewell Oil Field 26 Contact lands are in an oil-prone portion of the Moncton Sub-basin Contact identified productivity potential on Hopewells flank Re-entered the well bore and demonstrated production capability Mapped the…
  25. Corporate Update – Contact Exploration Inc. – slide 25
    Go Forward 27 Alberta Accelerate drilling at East Kakwa Tenth operated well currently drilling; contracted second rig to begin in mid-summer 2014 Expected 35 - 60 days between spud dates moving forward, 12-14 gross wells/year Pad…
  26. Corporate Update – Contact Exploration Inc. – slide 26
    CEX.V TSX Venture Steve Harding Raymond Sully President/CEO Chief Operating Officer 403-771-1091 403-234-8663 shardingcontactexp.com rsullycontactexp.com Halifax/Calgary Calgary

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