Questerre Energy Corporation Class A · TSX:QEC
Questerre Energy Corporation Class A — Investor Presentation (September 2023)
26 slides from Questerre Energy Corporation Class A's investor presentation, September 2023
Slide 1: Corporate Presentation
Corporate Presentation September 2023
Slide 2: Asset overview: Quebec, Alberta, Saskatchewan/Manitoba, Utah, Jordan
St. Lawrence Lowlands, Quebec Seeking value for nationalization of a giant natural gas discovery Western Alberta Condensate-rich Montney resource play with attractive economics SE Saskatchewan/SW Manitoba Proven Torquay/Spearfish tight oil production with strong netbacks Utah Scope 3 zero hub and la
Slide 3: Financial and operational overview
Financial and operational overview For the three months ended June 30, 2023 Operating and Financial Results Capitalization and Liquidity Funds Flow from Operations ($) $ 5.3 million Market Capitalization (Sept 14 2023) $ 94 million Working Capital Surplus ($) $ 28 million Credit Facility (undrawn) (
Slide 4: Clean Tech Energy is the future
Clean Tech Energy is the future We believe true sustainability means maintaining human progress and protecting our ecosystem at the same time The solution is developing hydrocarbons responsibly with existing and new clean tech to transform our energy usage Zero-emission hubs using new carbon tech in
Slide 5: Net-zero industrial hubs are the future
Net-zero industrial hubs are the future The Hub Concept1 Integrated sites utilizing clean energy (hydrogen) while transporting emissions for storage or recycling • Turn these services into utilities like water electricity, etc. Establish centres of excellence or mega- centres that develop new carbon
Slide 6: St. Lawrence Lowlands, Quebec
St. Lawrence Lowlands Quebec
Slide 7: Impending energy shortage creates opportunity
Impending energy shortage creates opportunity Energy transition policies driving projected power shortages in Canada, including Quebec, in next few years Impacting Quebec’s ability to attract new investment • Loss of $13 billion Volkswagen battery plant to Ontario due in part to lack of insufficient
Slide 8: Impending energy shortage creates opportunity
Impending energy shortage creates opportunity Provincial utility, Hydro-Quebec, looking at options including nuclear energy Quebec Clean Gas a shovel-ready and scalable solution to the electricity crisis • Backup power for peak periods to eliminate curtailments and price spikes • Capacity to provide
Slide 9: Seeking full value for a giant discovery
Seeking full value for a giant discovery GLJ assessment of 7 Tcf of gas risked contingent (1.6 Tcf) and prospective (5.4 Tcf) resources(1) • 2020 evaluation with 50% chance of development was 1.6 Tcf with NPV-10 of ~$1.0 billion (best estimate contingent resources only) (2) • Potential to meet up to
Slide 10: Next steps
Next steps Assessing Government interest in Clean Gas, hydrogen and carbon storage as a solution to the energy shortage Pursuing claim for unjust enrichment and breach of contract against Government • All outstanding claims to be managed by a single judge at the Quebec Superior Court with next heari
Slide 11: Oil Shale: Utah & Kingdom of Jordan
Oil Shale Utah & Kingdom of Jordan
Slide 12: Strategic investment in Red Leaf
Strategic investment in Red Leaf A Scope 3 zero industrial park anchor tenant • A wax processing facility in a niche oil- producing basin with a grandfathered environmental permit Over 30 patents issued for an economic process to produce oil from shale with integrated carbon capture Applying technol
Slide 13: Utah Mega Site – Uinta Basin
Utah Mega Site – Uinta Basin Recently acquired 7,000 acres of surface rights in oil-producing Uinta Basin in Utah Utah Department of Air Quality permit for a 40,000 bbl/d project Acreage is at end of the proposed Uinta Basin Railway to transport oil to markets on US Gulf Coast and ~40 miles from oil
Slide 14: Wax processing facility anchors zero-emissions hub
Wax processing facility anchors zero-emissions hub Processing local waxy crudes for high value low sulfur diesel and lubricant feedstocks Integral to unlocking growth in the basin currently producing ~120,000 bbl/d and constrained by egress(1) • Collaborating with largest basin producers on supplyin
Slide 15: New technology incorporates carbon capture
New technology incorporates carbon capture Technology redesign to reduce capital costs and improve environmental footprint • Red Leaf estimates capital and operating costs reduced to ~US$30/bbl with new process • CO2 production combined with carbon capture and sequestration • Global engineering firm
Slide 16: Oil Shale Acreage
Oil Shale Acreage Assessing high yield acreage in Jordan • Best estimate of unrisked discovered petroleum initially in place of 7.8 billion barrels(1) • Favorable regulatory environment with first 470MW oil shale power plant on production in Q2 2023 Assessing redesigned Red Leaf technology for Jorda
Slide 17: Kakwa, Alberta
Alberta | © QUESTERRE
Slide 18: Commodity prices driving development plans
Commodity prices driving development plans Operators exercising capital discipline by maintaining pace of development within cash flow Current Kakwa production of ~1,600 boe/d could double if drilling ramps up • Peak production of up to 5,000 boe/d based on proved and probable undeveloped locations
Slide 19: Outlook
Outlook Pursue political and business solution in Quebec for energy crisis • Assist partners including First Nations in protecting their rights Advance Scope 3 zero emissions energy hubs as solution for sustainable development Continue to participate in additional drilling based on prices
Slide 20: Management and Board
Quebec MANAGEMENT Canada AND BOARD
Slide 21: Board of Directors and Management
Board of Directors Management Michael Binnion, President & Chief Executive Officer Michael Binnion, President & Chief Executive Officer Bjorn Inge Tonnessen, Chairman John Brodylo, VP Exploration (Nexen) o Oil & Gas E&P experience & former senior equity research analyst Peter Coldham, VP Engineering
Slide 22: Forward Looking Information
FORWARD Quebec LOOKING Canada INFORMATION 22
Slide 23: Forward-looking information and statements
This presentation contains certain forward–looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends“, “outlook”, “strategy”, “poten
Slide 24: Forward-looking information risks and assumptions
The forward-looking information and statements included in this presentation are not guarantees of future performance and should not be unduly relied upon. Such information and statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other fac
Slide 25: Millcreek Report
Millcreek Report In October 2016, Questerre commissioned an independent assessment of its oil shale resources in Jordan (the “Millcreek Report”). The Millcreek Report was conducted by Millcreek Mining Group, an independent qualified reserves evaluator, as defined by NI 51-101 with an effective date
Slide 26: Questerre Energy Corporation
Questerre Energy Corporation 1650 AMEC Place www.questerre.com 801 Sixth Avenue SW info@questerre.com Calgary, Alberta T2P 3W2 Canada Tel: +1.403.777.1185 / Fax: +1.403.777.1578 26
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