2014 Energy Conference Peters & Co. Limited September 9, 2014
Corporate Profile Corporate Profile Founded in 1974; IPO in 1978 TSX: POU Market Cap: 104.7 MM shares 60/share 6.3 Billion 50% insider ownership Net Debt (June 30, 2014): 1.0 Billion pro forma July 2014 equity offering 2014 Capital…
Kaybob Resource Paramount Acreage (gross): 560 Sections Cretaceous Rights 364 Sections Montney Rights 258 Sections Duvernay Rights Deep Basin liquids-rich gas resources in multiple stacked horizons 40-160 Bcf/section DGIIP (1) 5+ Bcf…
Cretaceous Gas Resource Hz Dunvegan well at Hz Falher well at Musreau Resthaven Tested 16.4 MMcf/d(1) at Tested 11.3 MMcf/d(1) at 20.8 MPa 6.2 MPa IP: 12.0 MMcf/d IP: 8.3 MMcf/d Currently producing Currently producing 1.6 MMcf/d 1.1…
Cretaceous Economics Assumptions Capital: 7.0 MM horizontal well IP: 9.0 MMcf/d Natural Gas (raw): 4.9 Bcf Condensate: 14 Bbl/MMcf C2-C4 NGLs: 6 Bbl/MMcf Refrig facility (61 Bbl/MMcf Deep Cut facility) Economics 4.00 AECO, 90.00 WTI…
Montney Gas Resource Liquids-rich Montney gas play Paramount holds 313 net sections of Montney rights 2011/2012 program included 12 Hz Montney wells: tested 5.5-15.4 MMcf/d(1) Montney 2013 program: Drilled 13 wells; commenced drilling…
Montney Economics Assumptions Capital: 10.0 MM horizontal well IP: 5.8 MMcf/d * Natural Gas (raw): 3.0 Bcf Condensate: 180 Bbl/MMcf C2-C4 NGLs: 20 Bbl/MMcf Refrig facility (120 Bbl/MMcf Deep Cut facility) Economics 4.00 AECO, 90.00 WTI…
Montney Drilling/Completion Improvements Pad drilling/pad layout Bits/muds/motors Well design: monobores/orientation/reservoir placement Toe up/toe down: effects on production Natural gas fueled rigs Cemented liners/open-hole packers…
Musreau 2014 Capital Plan Drill 26 (26 net) horizontal Montney wells Start drilling 12 (12 net) Montney pad wells Drill 6 (5.8 net) horizontal Falher/Wilrich wells Drill 4 (3.5 net) vertical wells to hold lands Bring 70 (net)…
Karr Located 50 km SW of Grande Prairie Multi-zone potential, including Halfway, Montney sour and Gething, Bluesky, Falher sweet commingled gas Current lands 93,500 net acres (146 sections) Average 78% working interest Expanded plant…
Kaybob Plant Capacity Net POU Potential Gross Raw Raw Gas Sales Capacity Capacity Volumes MMcf/d MMcf/d Boe/d (1) Musreau Deep Cut 200 200 50,000 Facility Musreau Refrig Plant 45 45 8,500 Smoky Plant 100 10 2,500 Other Musreau area…
Kaybob Processing Capacity (1) (1) Please refer to the heading Kaybob Processing Capacity in the Advisories section for further information. 13
Musreau 8-13 Complex June 24, 2014 14
Illustrative Deep-Cut Mix of Cretaceous and Montney Wells Example Montney Wells Only Example 200 MMcf/d x 15% Shrinkage = 200 MMcf/d x 23% Shrinkage = 170 MMcf/d Sales Gas (28,333 154 MMcf/d Sales Gas (25,667 Price Boe/d), 8,000 Bbl/d…
Paramount Deep-Cut Montney - Illustrative Project Economics Paramounts shallow rights will add substantially to the RLI Paramount has de-risked a substantial amount of its land base and thus could have the potential to add a series of…
Willesden Green Duvernay Shale Play Paramount has explored for ideal combinations of rock quality/liquids ratio/pressure gradient 64,452 (34,305 net) acres of land when earning complete(1) Drilled and completed 2 Hz Duvernay wells to…
Montney Valhalla: 65 sections (49 net) Montney/67 sections (34 net) Doig rights Montney/Doig Play 16 wells tied in at restricted rates (midstream constraints) Evaluating long term production/economics to determine future investment…
Paramount Investments 21
Cavalier Energy Inc. Corporate Profile Created in December 2011; experienced team led by CEO Dr. Will Roach Paramount contributed its oilsands assets and seed capital to Cavalier Funding at the Cavalier level will be via a combination…
Hoole Grand Rapids - 1st Project Grand Rapids Reservoir = 30 %, k = 1 to 4 D d = 250m, h 20m, p = 1,500 kPa Viscosity = 200,000 to 2,000,000 cp McDaniel Best Estimate: DEBIP = 2.7 Billion Bbl(1) 80 wells drilled to date; 42 cored 93…
Liard Basin Besa River Shale Play Drilled and completed b-40-I Completion of d-57-D horizontal deferred as land earning completed Initiated drilling d-71-G Drilling c-37-D at La Biche planned for 2015 Liard Basin industry estimates(1):…
MGM Energy Mackenzie Delta Land holdings 300,000 (155,000 net) acres Contingent Resources 473 Bcf (1) Central Mackenzie Land holdings 1,300,000 (725,000 net) acres Contingent Resources 92 Bcf (1) Canol Resource Summary Discovered Oil…
Quarterly Operating Results 28
Conventional Reserves Columns may not add due to rounding. Conventional reserves only. Includes nominal amounts of estimated reserves in respect of Paramount's initial shale gas well at 29 Patry, B.C.
Summary Exposure to significant reserve opportunities Kaybob Deep Basin: Cretaceous, Montney Karr: Montney Valhalla: Montney, Doig Willesden Green: Duvernay Birch: Montney Significant asset value Trilogy MEG Energy Cavalier Energy…
4700 Bankers Hall West 888 Third Street S.W. Calgary, Alberta Canada T2P 5C5 Telephone: (403) 290-3600 Facsimile: (403) 262-7994 www.paramountres.com
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