Key Investment Highlights 200 m of Montney pay in ideal geological setting that provides for high liquids content and high pressure High Quality Q1-Q3 2014 liquid-gas ratios of 152 bbls/MMcf of condensate and oil, and 78 bbls/MMcf of…
Seven Generations Overview Key Capitalization and Operational Highlights 7G Montney / Deep Basin Lands and Infrastructure Initial Public Offering Closed November 5/2014 Ticker symbol (TSX: VII) Q3 2014 Production 35.8 Mboe/d…
Montney Reservoir Properties OVER-PRESSURED RESERVOIR BEST ROCK QUALITY (Siltstone) THICKEST MONTNEY IN ALBERTA 25% to over 50% over-pressured Averaging: 50% Quartz; 40% Dolomite; 200 metres of total Montney thickness; 10% Clays* 3…
Marketing, Processing and Transportation Arrangements 7Gs lands are ideally located near two transcontinental gas pipeline systems and a regional condensate pipeline system Natural Gas Processing & Transportation Arrangements Firm…
Track Record of Resource to Reserve Conversion McDaniel Reserve and Resource Reports (NPV10 pre-tax, Billions) 18.0 2P Reserves 2C Resources Best Est. Prospective Res. 16.0 14.0 4.2 12.0 Billions 5.9 10.0 4.6 8.0 6.0…
7Gs Montney Sweet Spot Wells to date have averaged 1,453 boe/d (IP 90) (25 wells) and 1,144 boe/d (IP 180) (18 wells) 3 HIGH PRODUCTIVITY Highest rates to date1 3,234 boe/d (IP 30), 2,535 boe/d (IP 90) and 2,220 boe/d (IP 180) 3 Top…
Nest Lands Located in an Ideal Geological Setting Key geological characteristics of the Nest include Low geothermal gradient leading to high liquids content and preservation Relative depth allows for high pressure resulting in high…
Established Top Tier Production Results Within the Nest Cumulative to date IP 30 IP 90 IP 180 Well Head Map Gas Total Days Condensate boe/d boe/d boe/d (MMcf) (Mbbl) (Mboe) 1 993 1,531 179 435 715 674 681 2 943 586 169 267 1,085…
NEST - Gas Type Curves GAS RATE vs. ELAPSED TIME RATE vs. CUMULATIVE PRODUCTION CUMULATIVE PRODUCTION MMCF GAS PRODUCTION vs. ELAPSED TIME Nest 2 wells Nest 1 wells Nest 2 type curve Nest 1 type curve 1)…
NEST - Condensate Type Curves CONDENSATE RATE vs. ELAPSED TIME CONDENSATE RATE vs. CONDENSATE CUMULATIVE PRODUCTION CONDENSATE PRODUCTION vs. ELAPSED TIME Nest 2 wells Nest 1 wells Nest 2 type curve Nest 1 type curve…
The Boot Diagram: Ranking Project Competitiveness 2014 vs. 2010: average supply cost was down 1.75/MMBTU. Boot Diagram Analysis shows plays ranked by NYMEX gas threshold price Shaped like a boot; only the projects at the toe of the…
Improved Unit Costs Total Cost (MM) vs. Lateral Metres Drilling Completion lateral m Linear(lateral Linear Trendm)(lateral m) Drilling improvements Plug & perforation completion Longer laterals Metres of Lateral Drilled (m)…
Optimization Case Study: 7G Pad 18 02/11-13-063-05W6 02/12-24-063-05W6 Date Spudded September 29, 2011 August 17, 2013 Lateral Length 1,468 m (4,815 ft) 2,638 m (8,653 ft) +76% longer Total cost ( million) 11.1 14.5 +31% cost Total…
Summary: A Differentiated Team Developing a World Class Asset High quality liquids-rich resource base Significant reserves and resources to support a multi-decade drilling program Location advantages and firm transportation…