Questerre Energy Corporation Class A · TSX:QEC
Questerre Energy Corporation Class A — Investor Presentation (February 2025)
26 slides from Questerre Energy Corporation Class A's investor presentation, Feb 20, 2025
Slide 1: Corporate Presentation
Corporate Presentation February 2025 See video conference of Michael’s Presentation https://fa.webplay.eu-north-1-prod.vmnd.tv/assets/2339 (press reload if necessary)
Slide 2: Questerre asset overview by region
St. Lawrence Lowlands, Quebec Seeking value for 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 Patented technology and large oil resource
Slide 3: Financial and operational overview
Financial and operational overview For the quarter ended September 30, 2024 Operating and Financial Results Capitalization and Liquidity Funds Flow from Operations ($) $ 3.4 million Market Capitalization (Feb 21, 2025) $ 120 million Capital Expenditures ($) $ 3.4 million Working Capital Surplus ($)
Slide 4: St. Lawrence Lowlands, Quebec
St. Lawrence Lowlands Quebec
Slide 5: Seeking full value for a giant discovery
Seeking full value for a giant discovery Independent assessment of 198 BCM (7 Tcf) of gas - risked contingent resources of 45 BCM (1.6 Tcf) and prospective resources of 153 BCM (5.4 Tcf) (1) Full cycle low-emissions project design including carbon recycling and storage, low-emissions hydrogen produc
Slide 6: Prioritizing new energy export markets
Prioritizing new energy export markets Supportive comments by Federal and provincial governments for diversifying energy markets in response to proposed US tariffs • Quebec open to LNG exports that meet environmental criteria Small scale LNG to service remote markets in Quebec possible first step –
Slide 7: Exporting Quebec Natural Gas as LNG to Europe
Exporting Quebec Natural Gas as LNG to Europe
Slide 8: Exporting Quebec Natural Gas as LNG to Europe
Exporting Quebec Natural Gas as LNG to Europe Closer to Europe than any other LNG facility in US • For example, 8 days to Świnoujście, Poland from Quebec compared to 13 days from Cheniere LNG Terminal Bécancour or Rabaska in Quebec are possible locations for export terminals Assessing floating produ
Slide 9: Growing concerns about energy prices and tariffs
Growing concerns about energy prices and tariffs Bill 69 introduced in 2024 to address impending energy shortage in the province • Integrated energy resource plan to focus on both power and natural gas markets Implementation delayed due to potential tariffs on Quebec exports including electricity, a
Slide 10: Carbon storage – a new opportunity in Quebec
Carbon storage – a new opportunity in Quebec Government of Quebec seeking proposals for pilot projects to meet climate goals Ministry of Economy, Innovation and Energy reviewing Questerre application for carbon storage test Subject to Ministry approval, seeking Federal and provincial government fund
Slide 11: Protecting shareholders’ rights
Protecting shareholders’ rights Awaiting ruling from Court of Appeal following October 2024 hearing • Attorney General appealed January 2024 ruling suspending key provisions of Bill 21 for duration of proceedings Independent expert report on damages filed in October 2024 • Economic losses estimated
Slide 12: Next steps
Next steps Assessing Government interest in carbon storage and hydrogen as a solution to emissions reduction and energy shortage • Potential to develop LNG exports from Quebec Pursuing claim for unjust enrichment and breach of contract against Government • Awaiting ruling from Quebec Court of Appeal
Slide 13: Kakwa, Alberta
Alberta | | : =O QUESTERRE
Slide 14: 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 ~1,400 boe/d should grow with results from Kakwa North program Kakwa North drilling program of 3 (1.5 net) wells underway • Completion op
Slide 15: Oil Shale & Investment in Red Leaf
Oil Shale & Investment in Red Leaf Utah & Kingdom of Jordan
Slide 16: Strategic investment in Red Leaf
Strategic investment in Red Leaf Over 20 patents issued for an economic process to produce oil from shale with integrated carbon capture • Patent pending application to apply technology to heat and power generation Applying technology to over 7 billion barrels of unrisked discovered resource in King
Slide 17: 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 18: Low-Temperature Oxy-Fuel Technology
Low-Temperature Oxy-Fuel Technology Broadening application of HCCO technology to power and heat generation – larger and more diverse market opportunity • Assessing opportunities including offshore platforms Lower temperature and pressure compared to conventional oxy-fuel technologies Pre-combustion
Slide 19: Outlook
Outlook Pursue political and business solution in Quebec for energy crisis • Protect shareholders’ legal rights Continue to participate in additional drilling at Kakwa based on prices Assist Red Leaf with commercializing technology to produce oil from organic material and related applications • Supp
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 statements risks and uncertainties
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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