Highlights - Introduction Eastern Canadian E&P Company with significant upside potential & sustainability Three high-impact prospects at various stages of maturity, total Anticosti 330,000 Net Acres of 800,000 net acres McCully…
Three High Impact Prospects Anticosti Macasty shale prospect has 34 Bboe gross undiscovered resources of petroleum (best estimate); Corridor has 21.67% interest in Anticosti joint venture Corridors Old Harry offshore prospect is…
Infrastructure in Place East Coast 3
Corridor N.B. Assets Corridors N.B. assets connected to Boston markets and LNG facility in N.B. Premium Netbacks - Q1 2013 av 7.35 - Q1 2014 av 12.46 50% of base production forward sold US11.74 for November 2014 to March 2015…
North East Gas Prices Anticipate elevated premium to Henry Hub for next several years Anticipate supply short fall for market in Maritimes served by MNP CNG & demand growth in Maritimes & NE pushing up supply shortfall Forward…
McCully/F.B. Shale Exploration & Development Area Approximately 225,000 net acres in N.B. Frederick Brook shale gas: - 67 TCF gross discovered unrecoverable resources Producing 10 mmcf/d gross from McCully area - Hiram Brook gas…
2014 New Brunswick Completion Program Goal is to increase production from our NB operations and prove up F-58 Monthly Production and Forecast Frederick Brook shale Re-enter and frac 4 existing wells, including 6 to 7 shale…
Planned Fracture Stimulations E-67B 3177-3245 m Lower Frederick Brook E-67B 3102-3170 m Lower Frederick Brook E-67B 2980-3060 m Upper Frederick Brook E-67B 2900-2945 m Upper Frederick Brook J-76 2980-3045 m Upper Frederick Brook…
Frederick Brook Shale Highlights Proven producibility - G-41 well IP 12 mmcf/d - F-58 well producing for 5 yrs low decline from small frac Up to 1100 m in gross thickness Upside in overlying sands O-59 Elgin vertical well has…
Anticosti Macasty Liquids-Rich Shale Highlights Over 1.5 million gross acres licensed ( 0.3 million net acres) Thickness of Macasty Shale Anticosti ranges from 31 to 92 metres 330,000 Net Acres Large areas within liquids…
Anticosti Exploration Program Go / No-Go Decision From Board of Directors Commercial Discovery Initial Exploration Program Confirmatory Exploration Program Development Program Additional multi-frac wells & To be determined by the…
Old Harry Highlights One of the largest undrilled geological structures in Eastern Canada (43,000 acres/67 sq miles) under simple four-way closure Several direct hydrocarbon indicators identified: satellite seepage slicks,…
Old Harry Highlights (contd) NFLD well currently targeted for 2015/2016, pending approvals Corridor submitted its Old Harry Exploratory Drilling Project Description and Environmental Assessment (E.A.) to the C-NLOPB in Feb 2011…
Q1 2014 YTD Netback Q1 2014 Q1 2013 Netback (/mscf) Average gas price 16.80 10.19 Transportation expense 1.43 1.23 Royalty expense 1.69 0.65 Production expense 1.22 0.96 Netback 12.46 7.35 Production (mmscfpd) 7.6 8.5 Forward Sale…
Q1 2014 YTD Financial Results in thousands Q1 2014 Q1 2013 Sales 11,713 8,114 Cash flow from operations1 8,073 5,311 Net working capital (cash 21.3M) 24,571 15,075 Net income 4,009 2,529 Net income per share - Basic and diluted…
2014 Outlook in thousands 2014 Production (mmscfpd) - net 8.0 Revenues 28.0 (/mscf) Average gas price 9.25 Transportation expense 1.42 Royalty expense 0.50 Production expense 1.45 Netback 5.88 Net G&A 3.5 Cash flow from operations (1)…
CDH 2-Yr Performance Shares outstanding 88 mm Options outstanding 3.5 mm Cash position (May 31) 37 M Market Cap (Jun 14) 192 M 18
Social Responsibility Environmental Partnerships Corridor is engaged in building trust- based relationships in the communities where it operates, including: Building Partnerships: Active member of business and community groups to…
Strategic Priorities / Catalysts Corridor has sustainability combined with excellent upside potential: Implement 2014 N.B. Program to increase production & further demonstrate deliverability from F.B. Shale Maximize cash flow &…
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