Corporate Highlights Current production rate of 12,500 Boepd with 2,700 Boepd curtailed or awaiting tie-in Increased proved developed producing reserves by 16% to 18.7 Mmboe (195 MM of NPV 10%) Increased proved plus probable…
Corporate Profile Trading Symbol TSX: CQE 2014 Production (Boe/d) 10,932 Current Production (Boed/d) 12,500 52-week trading range 0.79 - 3.21 Shares outstanding 211 MM Insider ownership 13% FD Market capitalization (1) 211 MM…
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 Reserves increased 3 year average 140% since 2010 14.00 118 10.77 per Boe 120 0.6 1,004 113 1000…
Corporate Production and Cash Costs Production (Boe/d) Cash Cost (/Boe) 16,000 20 Simonette driving growth 18 14,000 Sold 588 boed of 16 12,000 annualized Ansell Merger with 14 Temple Energy production in 10,000 2014 12…
Corporate Guidance March 2015 2014 Actual 2015 Guidance Average Production (Boe/d)(1) 10,932 11,500 Capital expenditures, prior to dispositions 180 MM 60 MM Capital expenditures, net of dispositions 29 MM 60 MM Operating and…
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, over-pressured T67 Montney…
Simonette Montney 2014/15 Drilling Activity R1W6 R27 R26 R25W5 1-32 Pad 6 miles All 6 wells on stream January 2015 IP 30 day: 5260 boepd with T62 850 bbls/d condensate (combined) 12-26 PAD 12-26 Pad 100+ Bbls/MMcf Two…
Montney Drilling, Completion and Wellsite Equipment Costs - Repeatable execution a must Pad drilling times and costs continue to improve 2013/14 well avg: 9.0 MM drill and Larger fracs being placed efficiently using ball drop system…
Cequence Montney Gas Well Performance 2014/15 Winter season (June to March) 2014-15 winter program 10 Gross (9 net) wells from pads 2 gross (1 net) wells tested inline at 6.8 MMcfd/well (not in average) Increased frac intensity…
Montney Half Cycle Economics Oil and Gas price required for 20% IRR BASE CASE- HALF CYCLE ECONOMICS 7 bcf 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…
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) in…
Cequence Simonette 13-11 Compressor Station Cequence Simonette 13-11 Compressor Station 14
13-11-62-27W5 Facility - Expanded to 100 MMcfd Capacity Expanded capacity from 70 mmcfd, 2500 bbls/d to 100 mmcfd and 4000 bbls/d stabilized C5+ Plant was taken down January 6th to 13th for process equipment tie-in and…
Simonette Project Strategic location near major infrastructure Alliance and TCPL options available 104-P-15 94-M-15 94-N-15 94-O-15 94-P-15 R8 R1W6 R14 R8 R1W5 R13 R8 R1W4 R12 R7 R23W2 R2 R1W6 R27 R26 R25 R24 R23W5 104-O-1…
Simonette Dunvegan R2 R1W6 R27 R26 R25W5 Dunvegan Oil play T63 Cequence has 13 net potential sections on Dunvegan D trend Recent oil discovery in Dunvegan E trend offsetting T62 CQE acreage 13-18 location has produced…
Dunvegan Gas Model 22 HALF CYCLE ECONOMICS Working 10-02-61-02W6 Model 20 05-02-61-02W6 IP (MMcf/d) 10.5 IP 30 (MMcf/d) 9.3 11-12-061-02W6/02 EUR (MBoe) 1050 18 Raw Gas (Bcf) 6.0 02-11-061-02W6 Condy (MBbl) 60 16 Working Model…
Hedging Contract Type Volume GJ/d CAD Price 2015 January 1, 2015 to March 31, 2015 Average Gas Swap 27,583 3.67/GJ AECO 2015 April 1, 2015 to September 30, 2015 Average Gas Swap 30,000 3.36/GJ AECO 2015 October 1, 2015 to…
Conclusions Strong consistent operational success moving to pad development Production growth achieved Preserve our balance sheet with reduced capex program in 2015 Solid hedge position 20
Appendix Cequence Simonette 13-11 Compressor Station 21
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…
Financial Highlights Q4 2014 Q3 2014 % Change Average Daily Production (Boe/d) 9,720 9,694 0 Funds flow from operations (M) (1) 13,745 13,588 1 Per share, basic 0.07 0.06 17 Operating costs per Boe 6.67 7.65 (13) G&A per Boe…
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 Reserves increased 3 year average 140% since 2010 14.00 120 118 0.6 10.77 per Boe 109 1,004…
Simonette Deep Basin Stack Dunvegan Wilrich Montney Simonette Upper CURRENT HORIZONTAL TARGET ZONE Falher Bluesky / Gething Simonette Lower POTENTIAL HORIZONTAL TARGET ZONE 25
Multiple Zones with Significant Resource Potential at Simonette R2 R1W6 R27 R26 R25 R24 R23W5 CEQUENCE LAND Zone Total Resource Potential/Sec (1) 2,400m Dunvegan 5-25 BCF 2,500m Falher 5-24 BCF 2,700m Wilrich 5-24…
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 Base CARDIUM FM To Base FERNIE 50 50 P&NG to Base BLUESKY BULLHEAD 2015-JAN-12 P&NG FromBase DU…
Falher Model strong economics with 28 well inventory 14 Working HALF CYCLE ECONOMICS Model 16-18-061-01W6 IP (MMcf/d) 7.8 07-06-061-01W6 IP 30 (MMcf/d) 6.0 12 EUR (MBoe) 800 08-18-061-01W6 Raw Gas (Bcf) 4.0 3 well avg Condy…
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 pwanklyncequence-energy.com…
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 - 1.0 time 94-G-9 94-H-12 94-H-11 94-H-10 94-H-9 R13…
Loading...
