Corporate Information Production 2,400 boepd Cash as of Sept 30/14 58 million Dawson and Area Montney land acreage Gross (Net) 115,000 (100,000) Upper Montney development locations ( booked) 40 (10) Lower Montney development…
Lower Montney Trend NW Alberta NEBC Pervasive deposit spans townships of land Eagle AB. BC Developed more extensively in Boundary Alberta side Lake Recent drilling in BC proves high FSJ productivity of liquids-rich gas…
Lower Montney Sunrise Dawson Significant Lower Montney Wells BC AB LXE b4-19 HZ SW frac IP30 4.0 mmcf/d & 300 b/d condensate Flowing against 7500 kpa line pressure TOU 5-5 Pad Lower Montney 2 Lwr Montney Hz Fairway IP30 5.6 &…
Lower Montney Results vs. Expectation Montney Hz Well Performance Indicator Type Well Drill & Case (K) 2,600 Complete (K) 2,500 Tie-in (K) 400 Total (K) 5,500 Liquids Gas Total Year 1 Avg. Q (boe/d) 145 373 518 Recoverable…
Infrastructure 20 mmcf/d LXE sweet plant to be expanded to Spectra/West Coast 60 mmcf/d sour plant Gathering Line Leucrotta Gathering System to Gathering Lines be expanded as required Third party facilities used as needed Alliance…
De-Risking the Lower Montney Lower Montney Exploration Wells BC AB 13 net sections of Montney lands have been de-risked Initial phase of drilling (Q4/2014) will de- risk up to 57 additional sections Lower Montney 500…
Montney Unrisked Upside De-risked (millions) Per Share 3,000 17.20 Drill Area 3 - 68 Locations 2,500 (3.88/share) 13.50 2,000 Drill Area 2 - 84 Locations (4.79/share) 1,500 8.55 Drill Area 1 - 76 locations (4.34/share)…
Why Leucrotta Lower Montney has top decile economics ( 100% IRR and 1 year payout) Large tracts of land can be de-risked quickly due to expansive nature of the Montney High production rates (IP30 1,000 boepd) will allow Leucrotta to…
APPENDIX Upper Montney Sunrise - Dawson Page 11
Upper Montney Sunrise - Dawson 40 development locations identified with IP30 of 800 boepd. Only 10 locations booked TOU 8 well NPV per well of 7.4 million pad IP 60 mmcf/d LXE A4-19 pad LXE IP 4 mmcf/d Current 1750 boe/d…
Upper Montney Results vs. Expectation Montney Hz Well Performance Indicator Type Well Drill & Case (K) 2,600 Complete (K) 2,500 Tie-in (K) 400 Total (K) 5,500 Liquids Gas Total Year 1 Avg. Q (boe/d) 80 524 604 Recoverable…
Management & Directors Directors Management Robert J. Zakresky, CA Robert J. Zakresky, CA - President and CEO John A. Brussa, B.A., LL.B. Terry L. Trudeau, P. Eng. - VP Operations and COO Donald Cowie Nolan Chicoine, MPAcc, CA - VP…