Montney Focused Deep Basin Gas Large operated land position in core Montney trend in Alberta Uphole Deep Basin Cretaceous targets Strong balance sheet, exit 2014 net debt/cashflow < 1.1 times and undrawn bank line Facilities in…
Recent Highlights Strong Operational Success Drilled 10 Montney pad wells and 3 Cretaceous wells with 100% success Completed 11 wells since January 2014 including 8 recent Montney wells with excellent mechanical success Recent 3…
Corporate Profile Trading Symbol TSX: CQE 2014 Estimated Production (Boe/d) 11,000 52week trading range 0.89 3.21 Shares outstanding 211 MM Insider ownership 13% FD Market capitalization (1) 211 MM Net Debt Estimated Dec. 31,…
Corporate Guidance (Revised January 2015) 2014 Q1 2015 Q1 2015(revised) Average Production (Boe/d)(1) 11,000 13,500 12,50013,000 Exit/Peak Production (Boe/d) 12,000 15,000 14,500 Capital expenditures, prior to dispositions 185 MM…
Hedging Volume Contract Type CAD Price GJ/d Average Gas 3.49/GJ AECO or 2014 October 1, 2014 to December 31, 2014 29,158 Swap 3.90/Mcf Average Gas 3.77/GJ AECO or 2015 January 1, 2015 to March 31, 2015 25,000 Swap…
Alberta Deep Basin Montney a great neighbourhood R9 R8 R7 R6 R5 R4 R3 R2 R1W6 R26 R25 R24 R23 R22 R21W5 T69 Cequence owns 89 net sections of T68 Montney land at Simonette in the NUVISTA liquids rich, overpressured T67 Montney…
Simonette Montney Drilling June 2014 to Q1 2015 R1W6 R27 R26 R25W5 132 Pad 6 miles First three wells produced 3,200 boed IP30 (83% gas) 3 additional wells drilled and T62 completed in December/January. Expect to be onstream…
Cequence Montney Gas Producers 18 wells included 10 Core Gas Area Average 9 CQE 7 BCF High Case 8 CQE 5 BCF Base Case Producing Daily Gas Rate (MMcf/d) 7 Recent 132 Pad Wells 6 5 4 3 2 1 0 0 2 4 6 8 10…
Montney Drilling, Completion and Wellsite Equipment Costs Repeatable execution a must Pad drilling times and costs continue to improve Larger fracs being placed efficiently using ball drop system 2013/14 well avg: 9.0 MM 2,280 m…
Montney Half Cycle Economics Oil and Gas price required for 20% IRR BASE CASE HALF CYCLE ECONOMICS HIGH CASE Budget model IP (MMcf/d) 5.5 7.5 100 IP 30 (MMcf/d) 4.6 6.9 EUR (MBoe) 925 1,290 95 Greater than 20% IRR Raw Gas (Bcf)…
Simonette Upper Montney Development Plan R1W6 R27 R26 R25W5 Approximately 200 Upper 6 miles locations depending on optimum well length, interwell spacing and T62 CURRENT commodity price HORIZONTAL TARGET 2.3 TCF DPIIP (1)…
Cequence Simonette 1311 Compressor Station Cequence Simonette 1311 Compressor Station 14
13116227W5 Facility Expansion to 100 MMcfd Capacity Expanded capacity from 70 mmcfd, 2500 bbls/d to 100 mmcfd and 4000 bbls/d stabilized C5+ 72x20 Inlet Separator 2400 Hp 3608 Cat Compressor (Delivered Nov 27th) 20 x 120 flare…
Simonette Project Strategic location near major infrastructure Full scale development has started R2 R1W6 R27 R26 R25 R24 R23W5 BRITISH COLUMBIA ALBERTA 3D Seismic Cequence Alliance Coverage T64 Meter Station SIMONETTE Capacity…
Simonette Dunvegan R2 R1W6 R27 R26 R25W5 Dunvegan play T63 Cequence has 13 net potential sections on Dunvegan D trend Recent oil discovery in Dunvegan E trend offsetting CQE acreage T62 Dunvegan 'E' Recent 1318…
Dunvegan Gas Model 22 10026102W6 Working HALF CYCLE ECONOMICS Model 20 05026102W6 IP (MMcf/d) 10.5 111206102W6/02 IP 30 (MMcf/d) 9.3 18 EUR (MBoe) 1050 Working Model Raw Gas (Bcf) 6.0 Condy (MBbl) 60 16 NGL (MBbl) 70 Daily…
Simonette Falher and Wilrich plays R2 R1W6 R27 R26 R25W5 Falher play 60 P&NG to Base BLUESKY BULLHEAD 75 55 2099-DEC-31 P&NG From Ba se CARDIUM FM To Base FERNIE P&NG to Base BLUESKY BULLHEAD 2015-JAN-1 2 50 50 15 INTER TERM…
Falher Model strong economics with 28 well inventory 14 Working HALF CYCLE ECONOMICS 161806101W6 Model 070606101W6 IP (MMcf/d) 7.8 12 081806101W6 IP 30 (MMcf/d) 6.0 EUR (MBoe) 800 3 well avg Raw Gas (Bcf) 4.0 Working Model…
Conclusions Strong Operational Success Production growth achieved Preserve our balance sheet with reduced capex program in 2015 Solid hedge position 21
Appendix Cequence Simonette 1311 Compressor Station 22
Management and Board Management Team Board of Directors Paul Wanklyn President and CEO Don Archibald Chairman Todd Brown VP & COO Peter Bannister Steve Stretch VP Exploration and Chief Geophysicist Rob Cook Dave Gillis VP…
Financial Highlights Q3 2014 Q2 2014 % Change Average Daily Production (Boe/d) 9,694 12,735 (24) Funds flow from operations (M) (1) 13,588 20,235 (33) Per share, basic 0.06 0.10 (40) Operating costs per Boe 7.65 8.55 (11)…
Production and Cash Costs Production (Boe/d) Cash Cost (/Boe) 16,000 20 Includes Ansell 14,000 disposition July 7 close Simonette driving 18 growth 16 12,000 Merger with Temple Energy 14 10,000 12 Boe/d /Boe 8,000 10…
Reserves and Finding Costs solid growth per share in reserves and value FD&A (/Boe) Reserves 2P Reserve Value 16.00 140 0.7 1200 6 3 year average Reserve value has 11.61 per Boe Reserves increased 1,004(1) 14.00 120 0.6…
Simonette Deep Basin Stack Dunvegan Wilrich Montney Simonette Upper CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething Simonette Lower POTENTIAL HORIZONTAL TARGET ZONE 27
Multiple Zones with Significant Resource Potential at Simonette CEQUENCE LAND Zone Total Resource Potential/Sec (1) 2,400m Dunvegan 525 BCF 2,500m Falher 524 BCF 2,700m Wilrich 524 BCF 2,800m Gething 525 BCF 2,950m…
www.cequence-energy.com Contacts: 3100, 525 - 8th Avenue SW Calgary AB T2P 1G1 Paul Wanklyn David Gillis President & CEO Vice President, Finance & CFO Phone: 403-229-3050 Fax: 403-229-0603 pwanklyncequenceenergy.com…
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