DISCLOSURE STATEMENT The corporate information contained in this presentation contains forward-looking forecast information. The reader is cautioned that assumptions used in the preparation of such information, although considered…
KEY INVESTMENT CONSIDERATIONS Significant Montney natural gas resource and reserves Focused in the Farrell Creek area Prospective for liquids on eastern lands Competitive advantage in approach to water handling Frac water source…
CORPORATE STRATEGY Prove-up a significant reserve base in the Montney Formation Create a base of production and cash flow Build critical infrastructure for future large scale development Source water pipeline now operational Explore…
OVERVIEW CSRI is a natural resources company focusing on the identification and development of opportunities in the unconventional gas sector of the energy industry. CSRI has: Over 26,000 net acres (40.8 net sections) in a 49,600…
FARRELL CREEK LOCATION Fort St. John PRINCE RUPERT KITIMAT CSRI Land CSRi Land Sedimentary Basins Sedimentary Spectra Basins Energy Pipeline Proposed SpectraLNG Pipelines Energy Pipeline Duke Energy Pipeline…
LAND POSITION LAND HOLDING SUMMARY SECTIONS AVERAGE CSRI WI (%) GROSS NET MONTNEY FORMATION 77.5 40.8 53 Canbriam JV 53.2 16.5 31 CSRI 24.3 24.3 100 GETHING FORMATION 56.5 56.0 99
MONTNEY RESOURCE ASSESSMENT Includes 77.5 gross sections as at February 29, 2012 Total Gross Discovered GIIP 5.0 Tcf Total Gross Undiscovered GIIP 5.7 Tcf Used 3% limestone porosity cut-off Sensitivity using no cut-off 13.6 Tcf…
MONTNEY RESERVE REPORT Based on a 9 well program 5 wells producing; 4 wells planned (based on GLJ assumptions) Represents less than 1% of 1,100 gross drilling locations Initial gross proved + probable Montney reserves of 31.7 Bcf…
AREA LAND MAP
MONTNEY FARRELL CREEK Current Update JV Gas plant Current capacity is 10 MMcf/d; scalable to 50 MMcf/d Five wells are tied-in and flowing at 3.0 MMcf/d (gross) c-B18 IP of 5 MMcf/d (currently at 1.3 MMcf/d) 35% WI in gas plant, gas…
MONTNEY JV FRAC WATER SOURCE PIPELINE A 25km pipeline (16 inch diameter) extends from the Williston Reservoir to the Montney JV gas plant Canbriam owns a 75% WI; CSRI owns a 25% WI Secure access to water Government licence allows up…
MONTNEY JV - WATER SOURCE View of Williston Reservoir
FARRELL CREEK PRODUCED WATER DISPOSAL No produced water disposal facilities are currently available in the Farrell Creek/Altares area Shallow cretaceous formations are prospective for water disposal Existing company Gething…
LNG EXPORT POTENTIAL Pacific Northwest LNG - PETRONAS/Progress LNG feasibility study underway Final investment decision by Q4 2014 NEB export license approved for 1.6 Bcf/d Working with TransCanada on a natural gas pipeline to Prince…
LNG EXPORT POTENTIAL A theoretical development scenario which could support 1 Bcf/d of natural gas includes: 7.3 Tcf of gas reserves (1 Bcf/d over 20 years) 300+ wells each producing 3 MMcf/d of gas on average (with active…
FINANCIAL POSITION No debt Monthly G&A cash expense Approximately 124,000 Cash flow from production commenced in January 2011 Reserves enabled CSRI to establish a credit facility 1.7 million with ATB No funds have been drawn
FINANCINGS June 2012 - Private Placement - Common Shares Price: 0.30 Gross Proceeds: 4.3 million Number of Shares Issued: 14,310,000 December 2013 - Private Placement - Units Price: 0.30 Gross Proceeds: 1.0 million Number of…
SHARE OWNERSHIP Common Shares 110.1 million outstanding CSRI Management, Directors & Associates own 8.1% 5.9 million options outstanding Options represent 5.4% of outstanding shares Major Shareholders include: Elmag Investments…
CONCLUSION Montney is one of the leading shale plays in North America Converting a large prospective resource to reserves Strategic infrastructure Expandable gas plant Frac water source pipeline CSRI Farrell Creek lands straddle the…
CORPORATE INFORMATION Management TSX Venture Listing Reserve Evaluator Alfred B. Sorensen Trading Symbol: SPI GLJ Petroleum Consultants Ltd. CEO & Corporate Secretary Corporate Office Bank Dean G. Hill ATB Corporate Financial First…
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