Questerre Energy Corporation Class A · TSX:QEC
Questerre Energy Corporation Class A — Investor Presentation (June 2022)
23 slides from Questerre Energy Corporation Class A's investor presentation, June 2022
Slide 1: Corporate Presentation
Corporate Presentation June 2022
Slide 2: Presentation Outline
Presentation Outline St. Lawrence Lowlands, Quebec Oil Shale – Utah & Jordan Kakwa, Alberta Outlook
Slide 3: St. Lawrence Lowlands, Kingdom of Jordan, Utah
St. Lawrence Lowlands, Quebec Giant Utica natural gas discovered resource Kingdom of Jordan Significant oil shale deposit being assessed for commercial development Utah Oil shale and refinery project Western Alberta Condensate-rich Montney resource play with attractive economics SE Saskatchewan/SW M
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 Over 21 Tcf of recoverable gas with ownership of ~100% of acreage(1) • Last contingent resource evaluation in 2020 using US$3.70/MMBtu NYMEX & 50% chance of development was 1.6 Tcf with NPV-10 of ~$1.0 billion (best estimate) • Potential to meet up to 50% of
Slide 6: A world-leading zero-emissions hub
A world-leading zero-emissions hub Circular economy is key to energy transition and meeting net-zero targets by 2050 • Plans for net-zero carbon emission hubs under development in Europe, US and Canada Questerre project would integrates key elements of this economy including carbon recycling solutio
Slide 7: Growing social acceptability
Growing social acceptability Multiple polls show majority of Quebecers support local natural gas development • Support increases from 66% of decided Quebecers to just over 77% for projects with no GHG emissions Wolinak of Abenaki First Nation execute economic development agreement with Questerre • N
Slide 8: Next steps
Next steps Pursuing claim for expropriation and judicial review application on regulations introduced in 2018 Expert witness report to be submitted this fall Pre-trial motion expected shortly after Bill 21 is enacted Working with First Nations and other stakeholders (including royalty holders) t
Slide 9: Oil Shale
Oil Shale Utah & Kingdom of Jordan
Slide 10: Strategic investment in Red Leaf
Strategic investment in Red Leaf ~40% equity interest in company • ~US$20 million in cash, no debt • Patented proprietary technology • Multi-million barrel in place oil resource • 7,000 acres in Uinta Basin Technology redesign to reduce capital costs and improve environmental footprint • Capital cos
Slide 11: Strategic investment in Red Leaf
Strategic investment in Red Leaf Recently acquired 7,000 acres in oil- producing Uinta Basin in Utah Utah Department of Air Quality permit for a 40,000 bbl/d refinery project Acreage is terminus for proposed Uinta Basin Railway to improve egress Working with key government and community stakeholders
Slide 12: Oil Shale Acreage
Oil Shale Acreage Assessing high yield acreage in Jordan • Best estimate of unrisked discovered petroleum initially in place of 7.8 billion barrels(1) • Favorable regulatory environment with first 470MW oil shale power plant commissioned in Q2 2021 Assessing redesigned Red Leaf technology for Jordan
Slide 13: Kakwa
Alberta | © QUESTERRE
Slide 14: Commodity prices driving development plans
Commodity prices driving development plans Ongoing discussions with operators about future drilling plans • Up to four (2.0 net) wells planned for Kakwa North in Q4 2022 – Q1 2023 • Two (0.5 net) wells planned for Kakwa Central in 2023 Current Kakwa production of ~1,400 boe/d could double by 2H 2023
Slide 15: Outlook
Outlook Pursue law suit against Government of Quebec for full fair value Assist partners including First Nations in protecting their rights Advance technology for Red Leaf Continue to participate in additional drilling at Kakwa based on prices and available capital
Slide 16: Financial and operational overview
Financial and operational overview For the three months ended March 31, 2022 Operating and Financial Results Capitalizing and Liquidity Funds Flow from Operations ($) $ 4.3 million Market capitalization (June 14 2022) $ 86 million Working Capital Surplus ($) $1.2 million Credit facility limit ($) $
Slide 17: Management and Board
Quebec MANAGEMENT Canada AND BOARD
Slide 18: Board of Directors / 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 19: Forward Looking Information
FORWARD Quebec LOOKING Canada INFORMATION
Slide 20: 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 21: 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 22: Millcreek Report
Millcreek Report Questerre is in the process of completing a conceptual study, however, at this time, given the preliminary nature of the Jordan Resource Assessment, it does not contain any estimates regarding the timing or cost to obtain commercial development nor has Questerre finalized the specif
Slide 23: 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