EPAC - Oil & Gas Investor Showcase by JWN | Trusted energy intelligence

Oil & GAs investOr shOwCAse

PRESENTED BY:

Wednesday, June 11, 2014

9:00 a.m.â&#x20AC;&#x201C;4:00 p.m.

The Metropolitan Conference Centre

333 4 Avenue SW, Calgary

To clear up any confusion about frac sleeves:

GripShift Sleeves vs Ball-Drop Sleeves with cement

with packers

For a long time, the big frac debate was about whether plug-and-perf or ball-drop sleeves-and-packers are better for multistage completions—shots versus sleeves. Now there is a third choice that has quickly changed the debate: the Multistage Unlimited coiled tubing frac system. This system also uses sleeves, which has led to some confusion, even though Multistage Unlimited GripShift casing sleeves don’t even use balls. To help clear things up, here’s a quick comparison: TM

GripShift casing sleeves

Ball-drop sleeves

Cemented annulus for stage isolation

Open-hole packers for stage isolation

Recorded pressure data verifies stage isolation

Unverifiable stage isolation, known failures

Each sleeve positively located for frac

No way to positively identify active sleeve

Sleeve shifting verified three ways

No verification of sleeve shift

Single-point injection, precise frac location

Unknown where fracs initiate

Verified frac spacing

No control over frac spacing

Verified propped volume in each frac

Unpredictable propped volume in each frac

Identical sleeves can be installed in any order

Sleeves must be installed in exact order

All sleeves have full-drift ID at all times

Ball seats restrict ID until drilled out or retrieved

Closable version is available

No closable option unless retrieved

Real-time frac-zone pressure data

No real-time frac-zone pressure data

Screenouts easily and quickly removed

Screenouts are costly

Sleeves easily located and isolated for restimulation

Well segments difficult to isolate for restimulation

The Multistage Unlimited GripShift casing sleeve is not a ball-drop sleeve.

ncsfrac.com +1 403.969.6474 info@ncsfrac.com Leave nothing behind.

NCS is an ISO 9001 compliant company. ©2014, NCS Energy Services, LLC. All rights reserved. Multistage Unlimited, GripShift, and “Leave nothing behind.” are trademarks of NCS Energy Services, LLC. Patents pending.

TAblE OF COnTEnTS President Gary Leach

1060-717 7 Avenue SW Calgary, AB T2P 0Z3 Phone: (403) 269-3454 | Fax: (403) 269-3636

Office Manager Dana Robertson

The 2014 EPAC Oil & Gas Investor Showcase publication was produced by EPAC and JuneWarren-Nickle's Energy Group.

JUNEWARREN-NICKLE’S ENERGY GROUP CEO Bill Whitelaw

Event Manager Brielle Dergousoff Events Marketing Specialist Ingeborg Keyser

President Rob Pentney

OFFICES

Editor, Special Projects Rianne Stewart

Calgary

Editorial Assistance Laura Blackwood, Katy Jones, Matthew Stepanic

Calgary, AB T2E 6Y4

Graphic Designer Christina Borowiecki

2nd Flr-816 55 Avenue NE Tel: (403) 209-3500 Fax: (403) 245-8666 Toll-free: 1-800-387-2446 Edmonton

Ad Traffi c Coordinator Lorraine Ostapovich

220-9303 34 Avenue NW

Senior Account Executive Diana Signorile

Tel: (780) 944-9333 Fax: (780) 944-9500

Edmonton, AB T6E 5W8 Toll-free: 1-800-563-2946

Welcome Letter. . . . . . . . . . . . . . . . . . . . . 5 Introduction and Session Sponsors . . . . . . . 6 & 7 About EPAC . . . . . . . . . . . . . . . . . . . . . . . 8 Profiles Birchcliff Energy Ltd. . . . . . . . Canbriam Energy Inc. . . . . . . . Cequence Energy Ltd. . . . . . . Crescent Point Energy Corp. . . . Crown Point Energy Inc. . . . . . Delphi Energy Corp. . . . . . . . Hemisphere Energy Corporation . Junex . . . . . . . . . . . . . . . . Kelt Exploration Ltd. . . . . . . . LGX Oil + Gas Inc. . . . . . . . . . Long Run Exploration Ltd. . . . . Marquee Energy Ltd. . . . . . . . Petromanas Energy Inc. . . . . . Pine Cliff Energy Ltd. . . . . . . Raging River Exploration Inc. . . Rock Energy Inc. . . . . . . . . . Sea Dragon Energy Inc. . . . . . Storm Resources Ltd. . . . . . . . Tuscany Energy Ltd. . . . . . . . Westbrick Energy Ltd. . . . . . .

. . . . . . . . . . . . . . . . . . . .

10 10 .11 .11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19

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ARC FINANCIAL CORP. 4300, 400 – 3rd Avenue S.W., Calgary, Alberta T2P 4H2 Tel: 403.292.0680 www.arcfinancial.com

June 2014 – ePAC Oil & GAs investOr shOwCAse 3

O&G Reserves Numbers to Count On. Certifying full value for O&G reserves in Canada and worldwide.

Calgary • Houston • Denver

www. ryd erscott. com Numbers to count on. Experts to trust.

Ryder Scott Canada

Integrated

Video + Caliper Optis™ IVC provides a unique well integrity diagnostic tool. Combining EV’s HD electric line video with an industry leading 24 arm caliper, Optis™ IVC provides real time answers to well integrity issues in one run. The qualitative color images combined with the quantitative caliper measurements give definitive results. Optis™ HD e-line has both downview and sideview cameras in a 43mm OD toolstring and streams color video at up to 25 frames per second via mono or mult-line cable.

www.evcam.com Blaine Fusick or Curtis Jerrom canadasales@evcam.com . 403.263.6144

1060-717 7 Avenue SW Calgary, Alberta T2P 0Z3 P: 403.269.3454 F: 403.269.3636 E: info@explorersandproducers.ca

On behalf of the Board of Governors of EPAC, Canada’s Oil & Gas Entrepreneurs™, I invite you to attend our Oil & Gas Investor Showcase at Calgary’s Metropolitan Conference Centre on Wednesday, June 11, 2014. As Calgary’s only industry association–hosted investment conference, the showcase connects leading E&P companies with an audience of industry analysts, fund managers, investors, media and oil industry players in a first-class, neutral setting. EPAC is delighted to have the support of our presenting sponsor, ATB Corporate Financial Services, as well as all our valued sponsors who help us produce this key event on Calgary’s business calendar. The Investor Showcase commences at 9 a.m. with an opening keynote presentation by Mr. Josef Schachter, principal of Schachter Asset Management Inc. Mr. Schachter will provide his insight on issues and trends affecting your oil and gas investment decisions. Following the opening plenary session, the event kicks into gear with concurrent corporate presentations being delivered in the Lecture Theatre and Ballroom at the Metropolitan Conference Centre. This year, the Showcase is being held in an atmosphere of renewed excitement about investing opportunities in Canada’s upstream oil and gas sector, with optimism regarding natural gas trends and continuing strength in crude oil benchmarks. We hope your attendance at the EPAC Investor Showcase provides you with useful and timely information to guide your decisions. We invite you to visit epacshowcase.ca to get the latest presentation schedule and program details. I look forward to seeing you on Wednesday, June 11. Sincerely,

Gary C. Leach President EPAC, The Explorers and Producers Association of Canada

THE Explorers and Producers Association of Canada www.explorersandproducers.ca

June 2014 – EPAC Oil & Gas Investor Showcase 5

InTRODUCTIOn AnD SESSIOn SPOnSORS

InTRODUCTIOn AnD SESSIOn SPOnSORS The Explorers and producers association of canada (Epac) represents a leading group of independent oil and gas exploration and production companies, from emerging juniors to mid-cap producers. our members operate in canada, the united states and around the world investing billions of dollars each year to find and develop new energy reserves while creating jobs and economic opportunities in the communities where we operate. as the voice of “canada’s oil & Gas Entrepreneurs™,” Epac advocates for sound government policies, and regulatory and fiscal frameworks, that promote a thriving and prosperous oil and gas industry.

AbOUT ThE EVEnT Epac’s oil & Gas investor showcase is a key event on calgary’s business calendar. calgary’s only industry association–hosted investment conference, the investor showcase connects leading E&p companies with an audience of analysts, fund managers, investors, media and oil and gas industry players in a first-class, neutral setting. The investor showcase commences at 9 a.m. with an opening keynote presentation by Josef schachter of schachter asset Management inc. on the trends and issues affecting oil and gas investors. following the opening plenary session, the investor showcase kicks into gear with concurrent corporate presentations delivered at the

Metropolitan conference centre. To help locate the presentation you want to attend, you will find floor plans and a program guide at the event’s registration table. refreshments such as water, juice, coffee and soft drinks are available along with a selection of pastries in the second-level strand/ Trivoli room at the Met centre. in this room, you will also find tables staffed by representatives of presenting companies with individual print material from the presenters also available. CORPORATE PRESEnTATIOnS Each company at the showcase will give a 20-minute presentation. Each session may include a brief Q&a period if time permits.

There’s no such thing as a small decision.

Trusted advisers to Canada’s energy industry Our energy practice brings experience gained from serving over half of Alberta’s top 100 junior producers. For more information, contact:

IHS Energy is the leading provider of real-time oil and gas market information, analytical software and insights empowering energy businesses with the knowledge to make critical decisions and design strategies. Visit our booth to discuss how we can support you. IHS.com/energy

John Waiand Junior Oil & Gas Leader T: (403) 691-8482 E: jwaiand@kpmg.ca kpmg.ca Source: Oilweek’s Top 100 Oil and Gas Producers Report - May 2013, ‘Junior’ defined as less than 10,000 boe/d

© 2014 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 5924

6 June 2014 – ePAC Oil & GAs investOr shOwCAse

Information + Analytics + Expertise

You can view a corporate profile of our presenting companies on our event website at epacshowcase.ca.

holds the chartered financial analyst designation, and is a past chairman of the canadian council of financial analysts.

KEYnOTE SPEAKER Epac is pleased to have Josef schachter, principal of schachter asset Management, deliver the opening keynote presentation. schachter asset Management provides oil and gas research coverage for small to mid-cap energy companies to Maison placements canada inc. for their institutional clients. schachter has over 40 years of experience in investment management. Before he set up his own investment advisory business, schachter was richardson Greenshields of canada limited’s market strategist from 1991-96 and was also its director and a member of its investment policy committee. He

schachter is a frequent guest on Business News Network. He is a frequent speaker at corporate and investor conferences such as the World outlook financial conference. He is regularly quoted in news and financial-reporting publications, and was awarded Business Edge News Magazine’s stock picker of the Year in 2003, 2004 and 2007. ARChIVED WEbCAST OF PRESEnTATIOnS audio and slides from the keynote presentation and presenting company sessions can be found at epacshowcase.ca at the end of the day on friday, June 13.

www.pwc.com/ca/energy

Providing value to Canada’s energy industry Your success is what we’re focused on. We have over 1,000 team members delivering industry specific solutions to over 1,600 energy companies in Canada. But it’s not just the numbers that matter, it’s the proven success we’ve had with the work we do. Our industry knowledge means we have the expertise to solve your business needs. Reynold Tetzlaff National Energy Leader 403 509 7520 reynold.a.tetzlaff@ca.pwc.com

June 2014 – ePAC Oil & GAs investOr shOwCAse 7

AbOUT EPAC The Explorers and producers association of canada advocates on behalf of its member companies for sound government policy that promotes a thriving independent oil and gas sector. canada’s junior and mid-sized oil and gas producers are a critical component of our nation’s energy industry, investing billions of dollars each year to develop new energy reserves, while providing the north american market with secure, reliable energy. Epac was founded in 1986 as the small Explorers and producers association of canada. Today, the association represents a wide spectrum of independent oil and gas companies, ranging from start-ups to mid-sized producers that operate in canada, the united states and around the world. Epac member companies are engaged in conventional oil and gas production, and are also among the leaders applying innovative methods and technology in the production of oil and gas from shale and tight formations or in situ bitumen production. Epac’s core producer members are supported by a strong contingent of associate member companies supplying technology, products and services to the upstream oil and gas industry. Our association’s mission is to: • advocate to governments, policy makers and regulators to ensure that the interests of our members are reflected in a fiscal and regulatory framework that encourages investment and supports a prosperous oil and gas industry; • communicate essential industry news, events and information to our members and communicate our association’s views and perspectives on oil and gas issues to the public, to community leaders and to the news media; and • Educate canadians about the important contribution the junior and mid-sized oil and gas producers make to ensure 8 June 2014 – ePAC Oil & GAs investOr shOwCAse

canada’s present and future energy needs are met while creating jobs and investment in the communities where our members operate. bOARD OF GOVERnORS Epac’s Board members are senior executives representing the full spectrum of our member companies, from small private producers to publicly traded independents. The members of the board are elected for one-year terms and meet monthly to consider a wide range of issues affecting the membership. The day-to-day work of the association is carried out by the president of Epac working in close collaboration with the Board of Governors. MEMbERShIP bEnEFITS our goal is to preserve and enhance the fiscal, regulatory and operating environment for our member companies and to help shape government policies to support a thriving and prosperous upstream oil and gas sector. our work is concentrated in the following areas: • Government relations: The key focus of Epac is to advocate on behalf of our member companies. Epac works with federal and provincial governments and regulators to develop public policy and a fiscal and regulatory framework that supports a thriving junior and midsized oil and gas sector. Epac meets regularly with federal and provincial cabinet ministers, as well as senior bureaucrats and regulators, to ensure that the views and perspectives of our members are understood. We work collaboratively with other industry associations to advance the upstream oil and gas industry’s interests, and we act independently on issues that are uniquely vital to our members. • Public relations: Epac is proactive in our media approach, with a view to assisting the media in getting the facts and insight they need to present a balanced and accurate picture on

issues affecting our industry. from time to time, Epac will engage in public speaking opportunities or contribute articles to publications that afford the opportunity to present our views to a wider audience. • Membership communications: Epac distributes a frequent newsletter by email to member companies, alerting our members to important news and events that are affecting them. Epac also publishes Explorer magazine twice a year. Explorer examines in greater depth issues and trends affecting canada’s junior and mid-sized oil and gas producers. Epac’s website also helps our members and the wider world access relevant information about our industry. The members-only section of our website provides additional resources, including archived newsletters and Explorer magazine editions, our associate members’ products and services directory, transportation of dangerous goods permits and other member tools and information. EPAC EVEnTS • Oil & Gas Investor Showcase: This event is held in downtown calgary in late spring. The showcase features a lineup of canada’s most dynamic junior and midsized oil and gas producers who present their plans and prospects to an audience of oil and gas analysts, fund managers, investors and media. • EPAC Awards: This event recognizes and celebrates the top canadians in our oil and gas industry in four categories: Emerging producer, Junior producer, intermediate/senior producer and canada-based international producer. outstanding corporate success, industry leadership and corporate character are all attributes that mark the nominees and winners of the annual Epac awards. • Annual General Meeting: Epac holds its annual General Meeting in conjunction with the Epac awards.

Bringing ENGINEERING and INSPECTION together ...with INTEGRITY

For over 11 years BV Land has provided land and environmental services throughout B.C. and Alberta, and we are continuing to see the evolution of the energy industry. Our company has taken great pride in itself in providing a full range of land and environmental services to our clients and continuing an active role within our community. As of May 1st of 2014 we have expanded our services and have included archeological and heritage consulting services within Northeast B.C. With these new services we are now more of a one stop shop and can fully handle our clientsâ&#x20AC;&#x2122; projects in a more cost effective and manageable role. With continued service from our Fort St. John and Calgary offices, we look forward to the new opportunities and challenges the next decade will bring and are eager to share in them with our new and existing clients, as well as all the folks we have met along the way.

Upstream Pipelines Pressure Equipment RAE Engineering and Inspection Ltd. www.raeengineering.ca

Corporate Office: 9807-100th Avenue Fort St. John, BC V1J 1Y4 Office: 1-250-785-6340 Fax: 1-250-785-6351 Ft. St. John: 1-250-261-1802

Calgary Office: Suite 203A 708-11th Avenue SW Calgary, AB T2R 0E4 Office: 1-403-718-9587 Calgary Cell: 1-403-860-9634

Email: brianv@bvland.com

Website: www.bvland.com

CORPORATE PROFIlES

CORPORATE SUMMARY 2012 Average Production 2013 Average Production Estimated Q1/2014 Production 2014 Estimated Exit Production

22,802 boe/day 25,829 boe/day 31,800 boe/day 37,500 – 39,500 boe/day

CONTACT Suite 500, 630 - 4 Avenue SW Calgary, Alberta T2P 0J9 P: (403) 261-6401 F: (403) 261-6424 E: info@birchcliffenergy.com www.birchcliffenergy.com

TSX:BIR

Unconventional natural gas resource player Unconventional light oil resource player

Canbriam Energy Inc. is a private emerging intermediate exploration and production company focusing on unconventional resource identification and development. The company has a strong track record and a measured growth strategy with long-term sustainability. Canbriam was founded in January of 2008 and has offices in Calgary and Fort St. John, B.C.

CONTACT 3500-450 1 Street SW Calgary, Alberta T2P 5H1 P: (403) 269-2874 www.canbriam.com

Resource – Innovation – Collaboration is Canbriam’s philosophy. Canbriam believes that resource quality is paramount, but on its own is not enough. Quality resource can still be destroyed without a quality team. Innovation and collaboration combined with quality resource differentiates the company. Its early efforts to identify the sweet spots in liquids-rich plays led to a focus in the Altares Montney play in northeastern British Columbia. With one of the lowest supply costs among exploration and production companies and 100 per cent working interest, Canbriam’s Altares play is one of the most economic gas plays in North America. The Altares footprint is concentrated and is differentiated by its reservoir pressure, thickness, original gas in place and recoverable resource per section. It also has one of the highest liquids yields and lowest supply costs in the British Columbia Montney fairway. Canbriam currently produces 10,000 barrels of oil equivalent per day and is capacity constrained but will add an incremental 17,500 barrels of oil equivalent per day of infrastructure capacity by 2015, for a total of 27,500 barrels of oil equivalent per day total capacity. At Canbriam, innovation is not just technological development. It is the integration of technology and people. Led by an executive management team of experienced professionals, Canbriam fosters an environment of focused integration where talented people collaborate to achieve common objectives and continuously improve results. Canbriam believes that teamwork is the foundation for success. Through differentiated resource, innovation and collaboration, Canbriam provides consistent top quartile performance from a sustainable play within a concentrated footprint.

10 June 2014 – ePAC Oil & GAs investOr shOwCAse

CORPORATE PROFIlES

CONTACT Suite 3100, 525-8 Avenue SW Calgary, Alberta T2P 1G1 P: (403) 229-3050 F: (403) 229-0603 E: info@cequence-energy.com www.cequence-energy.com

Cequence Energy Ltd. is focused on achieving profitable growth through the development of internally generated resource plays in the Alberta Deep Basin. Cequence’s two core areas—the largely de-risked Montney project at Simonette and the emerging Wilrich play at Ansell—each hold liquids-rich, large gas-in-place resources with a combined drilling inventory of several hundred horizontal wells. Following its successful capital program of 12 net horizontal wells in 2013, Cequence’s $120-million 2014 program includes a planned 14 net wells, driving the company’s production to a forecasted 15,000 barrels of oil equivalent per day exit rate at year-end.

Key Data Production—Q1 2014

11,600

Shares outstanding

210mm

Market cap.

575 million

Gas weighting

86%

TSX:CQE

Crescent Point Energy Corp. is a premier upstream energy company focused on developing conventional and shale oil assets in western Canada, Utah and North Dakota. Crescent Point has a market capitalization of more than C$18 billion, and the company offers a unique investment proposition featuring growth plus dividend. The yield on the dividend is currently approximately six percent per year. Combining the stable monthly dividend of C$0.23 per share with growth in production, reserves and cash flow per share, Crescent Point has provided compelling total returns since its inception in 2001.

CONTACT Head Office 2800-111 5 Ave SW Calgary, Alberta T2P 3Y6 P: (403) 693-0020 www.crescentpointenergy.com

NYSE:CPG

Since day one, Crescent Point has successfully implemented a three-part business strategy to drive shareholder growth in reserves, production and cash flow. The first part of the strategy is to use its excellent balance sheet to acquire focused, long-life, high-quality reserves and production. The second part is to manage risk through its conservative balance sheet, significant not utilized lines of credit and an active 3.5-year hedging program. The final part to the Crescent Point strategy is to develop and exploit its large, low-risk drilling inventory to maintain and grow production, reserves and dividends. Crescent Point’s project portfolio has become an industry leader among companies of its size. Through its 2014 drilling and development program, Crescent Point expects to exit the year with production volumes of 145,000 barrels of oil equivalent per day. The company’s high-quality assets are estimated to have approximately 18 billion barrels of oil in place, with very low recoveries of that oil to date. This provides a multi-year inventory of drilling and development projects, which can help grow production and support the dividend for many years to come.

TSX:CPG June 2014 – ePAC Oil & GAs investOr shOwCAse 11

CORPORATE PROFIlES

Crown Point is an oil and gas exploration and development company, which focuses on opportunistic exploitation and aggregation of low- to medium-risk, high-growth oil and gas opportunities in Argentina. Crown Point is concentrating its efforts in two geographic areas of Argentina: • Tierra del Fuego: the company will be conducting a first-phase, 10-well, low-risk development and exploration drilling program in 2014, intended to increase levels of natural gas production and reserves; and

CONTACT 1600-700 6 Avenue SW Calgary, Alberta T2P 0T8 P: (403) 232-1150 www.crownpointenergy.com

• The northern Neuquén Basin: the company owns a 100 per cent Cerro de Los Leones Exploration Permit and focuses exploration on conventional reservoirs in the Vaca Muerta Formation. In early 2014, Crown Point drilled its first well, which is considered a potential Vaca Muerta oil well. Completion of the well is scheduled for Q2/2014. TierrA del FuegO (AusTrAl BAsiN, 25.78 Per CeNT) • • • •

Core producing asset (1,521 barrels of oil equivalent per day net in Q4/2013) ~500,000 acres (126,000 net) 10-well drilling program begins May 2014 Cash-flow engine (high IRRs, quick payouts)

CerrO de lOs leONes (NeuquéN BAsiN, 100 Per CeNT) • • • •

High impact exploration upside (conventional and unconventional targets) 314,000 acres February 2014—cased first exploration well as a potential Vaca Muerta oil discovery Proven production in nearby fields

el VAlle (sAN JOrge BAsiN, 50 Per CeNT)

TSX-V:CWV

• 14,300 acres

Delphi Energy Corp. is an oil and gas producer operating in the resource-rich Deep Basin area of northwestern Alberta. Over the past two years, Delphi has primarily focused on the de-risking and the development of its liquids-rich, natural gas Montney resource base at Bigstone, Alta., near Fox Creek, Alta. The company, with 125 gross (110 net) sections of Montney landholdings in the Bigstone area, continues to expand its inventory of opportunities in the Deep Basin through farm-ins, Crown sales and land acquisitions.

CONTACT Head Office 300-500 4 Avenue SW Calgary, Alberta T2P 2V6 P: (403) 265-6171 www.delphienergy.ca

TSX:DEE 12 June 2014 – ePAC Oil & GAs investOr shOwCAse

In 2013, Delphi realized an operational transformation with the success of its liquids-rich Montney play at Bigstone. The higher operating netback production from the Montney, primarily due to the field and plant condensate production, has greatly improved the cash-generating capability of the company. Production from the Montney Formation at East Bigstone was over 7,000 barrels of oil equivalent per day in March 2014, representing approximately 60 per cent of total production and over 10 times the average Montney production of 700 barrels of oil equivalent per day in March 2013. In 2014, Delphi will continue to focus on the development and the expansion of its liquidsrich Montney play. Strong production performance and increasing cash netbacks are expected to result in financial transformation in 2014. A drilling program of seven wells is forecasted to produce 30,000 greater than 25 Production (boe/d) per cent growth in 25,000 average production, 20,000 over 60 per cent 15,000 growth in funds 10,000 from operations and 5,000 significantly improve 2011 2012 2013 2014(F) 2015(F) 2016(F) 2017(F) 2018(F) the financial leverage of the company. Non-Montney Liquids-rich Montney

CORPORATE PROFIlES

ACCOmplishmeNTs • Assembled two geologically and geographically focused foundation assets energy corporation

CONTACT 2000-1055 West Hastings Street Vancouver, British Columbia V6E 2E9 P: (604) 685-9255 www.hemisphereenergy.ca

• Leveraged extensive management experience in Greater Jenner and Atlee Buffalo areas • Built a portfolio of 50+ drill-ready development locations with ability to increase inventory two to three times

GrOwTh plAN • Utilize management experience to ramp up Atlee Buffalo

JENNER

ATLEE BUFFALO

• Steady growth at Jenner prOduCTiON

569 barrels of oil equivalent per day (78 per cent oil)

OperATiNG NeTbACk

$5.6 million ($33.17 per barrel of oil equivalent)

prOved plus prObAble reserves

2,073.7 million barrels of oil equivalent

lANd bAse

Approx. 51,000 net acres

(Q4/2013) (2013)

(December 31, 2013)

TSX-V:HME

Founded in 1999 and listed on the TSX Venture Exchange in 2001, Junex is a junior oil and gas exploration and production company that holds petroleum and natural gas exploration rights on approximately 5.2 million acres in the Appalachian Basin in the province of Quebec. Since its inception, Junex has been one of the most active explorers in Quebec’s sedimentary basins, and the company’s efforts have demonstrated significant potential in a number of areas on its acreage. In terms of potential, Junex controls the majority of the Deep Fairway on Anticosti Island, where an independent evaluation places its best estimate of the undiscovered shale oil initially in place at 12.2 billion barrels for the Macasty Shale on Junex’s 233,275 net acre-sized landholdings.

CONTACT 2795 Laurier Boulevard, Suite 200 Quebec City, Quebec G1V 4M7 P: (418) 654-9661 www.junex.ca

TSX-V:JNX

Junex is also the largest net acreage holder in the Utica Shale gas discovery in the St. Lawrence Lowlands, where an independent assessment ascribes its best estimate of the total undiscovered prospective original gas in place at approximately 45 trillion cubic feet, of which Junex’s net recoverable unrisked resources are more than 3.5 trillion cubic feet. On the Gaspé Peninsula in eastern Quebec, Junex’s Galt oil project has been independently assessed to contain, as a best estimate, total oil initially in place of 330 million barrels, including discovered contingent original oil in place volumes of 36 million barrels and undiscovered original oil in place volumes of 294 million barrels. Junex also operates a drilling services division that it principally uses to fulfill its need for timely and cost-effective drilling of its assets.

June 2014 – ePAC Oil & GAs investOr shOwCAse 13

CORPORATE PROFIlES

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta, focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. Kelt’s land holdings are located in four core areas, namely: Grande Cache/Chicken, Alberta; Inga/Fireweed, British Columbia; Karr, Alberta; and Pouce Coupe/Spirit River, Alberta.

BUSINESS OBJECTIVE

CONTACT Head Office Suite 300, 311 - 6 Avenue SW Calgary, Alberta T2P 3H2 P: (403) 294-0154 www.keltexploration.com

The business plan of Kelt is to create sustainable and profitable growth as a participant in the oil and gas industry in Canada. Kelt seeks to identify and acquire strategic oil and gas properties where it believes further exploitation, development and exploration opportunities exist. In addition, Kelt has implemented a full cycle exploration program, resulting in exploration and development drilling based on opportunities generated internally.

2014 FIRST QUARTER RESULTS Average production for the first quarter of 2014 was 10,143 BOE per day, up 77% from the fourth quarter of 2013. During the fourth quarter of 2013, production averaged 5,739 BOE per day, up 24% from average production of 4,636 BOE per day during the third quarter of 2013. Exit 2014 production is forecasted to be approximately 13,000 BOE per day (31% oil and NGLs and 69% gas), representing a 262% increase from the average production of 3,588 BOE per day for the 33-day period ended March 31, 2013. For the year ended December 31, 2013, revenue was $46.7 million and funds from operations was $23.7 million. For the three months ended March 31, 2014, revenue was $47.8 million and funds from operations was $26.1 million. At March 31, 2014, Kelt did not have any outstanding bank debt. The working capital surplus position, including cash and cash equivalents, at March 31, 2014, was $123.1 million.

TSX:KEL

LGX Oil + Gas Inc. is a uniquely positioned, technically driven, junior oil and natural gas company with a proven management team committed to aggressive, costeffective growth of light oil reserves and production combined with high-impact exploration potential in southern Alberta.

CONTACT 4400-525 8 Avenue SW Calgary, Alberta T2P 1G1 P: (403) 441-2300 www.lgxoil.com

• Stable, concentrated production base in southern Alberta (Q1 2014: 948 barrels of oil equivalent per day)

14 June 2014 – ePAC Oil & GAs investOr shOwCAse

• Warrants: 6.0 million • Options: 3.6 million

Manyberries, Alta.

Insiders Own

Southern Alberta Bakken

• Basic and fully diluted: 20 per cent & 22 per cent

• Undeveloped land of 112,852 net acres (majority relates to southern Alberta Bakken: 109,900 net acres) • 2014 capital budget of $13.4 million targeted at drilling two offset wells to the 14-2 success as well as recompletion opportunities

TSX-V:OIL

Common shares: 88.7 million

• LEG share ownership (including above): 18 per cent • Enterprise value: $62.0 million • Net debt (as of March 31, 2014): $18.5 million • Bank line: $25.0 million (includes $5 million acquisition/development line)

CORPORATE PROFIlES

CONTACT 400-250 2nd Street SW Calgary, Alberta T2P 0C1 P: (403) 261-6012 www.longrunexploration.com

Long Run Exploration is a Calgary-based intermediate oil & natural gas company focused on light oil and natural gas development and exploration in western Canada. Long Run began paying a dividend in February 2014, in addition to providing shareholders with moderate per-share growth.

TSX:LRE

HigHligHTs Contiguous land, infrastructure and production at Michichi • Focused, low-risk, oil growth story ENERGY LTD.

CONTACT 1700, 500-4 Avenue SW Calgary, Alberta T2P 2V6 P: (403) 384-0000

www.marquee-energy.com

Share price (May 14, 2014):

$1.08

Shares outstanding:

120.3 million

Insider ownership (basic/ fully diluted):

14.9 per cent / 18.1 per cent

Market capitalization:

$129.9 million

• Over 210 square miles of low-risk development lands with 100 per cent owned and operated gathering and processing infrastructure

Operations

• Extensive inventory of repeatable, low-risk, high rate of return oil opportunities

• Current production (April 2014): 5,100 barrels per day/44 per cent oil and liquids

Combination of value and growth

• Forecast 2014 exit production: 5,500–5,700 barrels per day/49 per cent oil and liquids

• Scalable, low-risk, development stage, oil-prone asset base • Compelling half-cycle economics

• Undeveloped land: approximately 257,000 net acres

• Focused on delivering debt-adjusted per share growth in production, reserves, NAV, CF

• Drilling inventory: over 200 net locations

Balance sheet flexibility • Estimated $61 million drawn on revolving $80-million credit facility

TSX-V:MQL

Market Profile

• Total proved plus probable reserves (Dec. 31, 2013): 20.4 million barrels of oil equivalent/$225.7 million 2014 Finances

• 2014 Exit Debt to 2014E Cash Flow approximately 1.4 times

• Forecast cash flow: $38 million

• Continued focus on general and administrative expense and operating-cost improvements

• Cash flow/share: $0.34

• Capital expenditure program: $46 million • Current net debt: $61 million

June 2014 – ePAC Oil & GAs investOr shOwCAse 15

CORPORATE PROFIlES

Petromanas Energy Inc. is an international oil and gas company headquartered in Calgary, Alberta, focused on the exploration and development of assets in Europe that possess significant resource potential. The company’s shares are listed on the TSX Venture Exchange under the symbol “PMI”. Through its wholly-owned subsidiary, Petromanas holds two Production Sharing Contracts (“PSCs”) with the Albanian government. Under the terms of the PSCs, Petromanas operates four onshore blocks (Blocks D-E and 2-3) that comprise more than 1.1 million highly prospective gross acres across Albania’s Ionian and Kruja Tectonic Zones. Petromanas holds a 100% working interest in Blocks D-E and has signed agreements with Shell to farm out a 75% working interest in Blocks 2-3. Petromanas’ acreage lies within a proven hydrocarbon system. There are nine existing oil fields within Blocks 2-3, including the largest onshore oil field in Europe, PatosMarinza, discovered in 1928.

CONTACT 1720-734 7 Avenue SW Calgary, Alberta T2P 3P8 P: (403) 457-4400 www.petromanas.com

Petromanas and Shell declared a discovery on the Shpirag-2 well in January 2014. The joint venture is currently drilling its second well on the Blocks, Molisht-1, 18 kilometers to the south. As part of the farm in agreement, Shell has agreed to carry Petromanas’ costs up to a cap on three wells. In December 2012, Petromanas acquired 170,000 acres spanning two permits (Ger and Ledieux) in France’s Aquitaine Basin. The permits are in a region of known production and in close proximity to the Lacq (9 Tcf) and Meillon (2 Tcf) natural gas discoveries and existing hydrocarbon infrastructure centered on the town of Pau. Petromanas also has rights to more than 1.6 million exploration acres in the under-explored Lennard Shelf, located onshore in the Canning Basin in northwest Australia.

Molisht-1

TSX-V:PMI

• 2014 Production Guidance: 6,100 to 6,500 barrels of oil equivalent per day • Corporate Decline Rate: approx. 12 percent • 2014 Capital Expenditure Guidance: $13.6 million Why iNvesT iN PiNe CliFF?

Key FACTs • Shares Issued: 203.4 million • Market Capitalization (May 20, 2014): $275 million • Recent Trading Price (May 20, 2014): $1.35 • Directors and Officers Ownership: 17.5 percent • Bank Line Availability: $35 million • Working Capital (March 31, 2014): $23.5 million • Value of Liquid Securities (March 31, 2014): $11.2 million

CONTACT 850-1015 4 Street SW Calgary, Alberta T2R 1J4 P: (403) 269-2289 www.pinecliffenergy.com

TSX-V:PNE

• Debt free: balance sheet strength allowing flexibility for future transactions; • Proven track record of delivering superior long-term results for shareholders; • High-quality assets with low operating costs and low declines; • Highly leveraged to increases in natural gas prices; • Proven access to capital to take advantage of opportunities in an active acquisition and development market; and • Management team and the board are highly aligned with shareholder interests.

Value experience OppOrtunity Discipline

16 June 2014 – ePAC Oil & GAs investOr shOwCAse

CORPORATE PROFIlES

RAGING RIVER EXPLORATION INC.

CONTACT

• Exit production (95 per cent oil): 12,000 barrels of oil equivalent per day

The experienced management of RRX has a successful track record of building four previously successful oil and gas production companies including Wild Stream Exploration and Wild River Resources which were both sold to Crescent Point Energy Corp.

• Cashflow (000): $215,000 • Cashflow per share—Basic: $1.20 • Year end 2013 net debt (000): $126,000 • Horizontal Viking oil wells: 230

RRX commenced operations on March 15, 2012.

• Capital expenditures (000): $245,000

12,000 RRX production bbls/d

710-400 5 Avenue SW Calgary, Alberta T2P 0L6 P: (403) 387-2950 www.rrexploration.com

• Average production (95 per cent oil): 10,300 barrels of oil equivalent per day

12 11 10 9 8 7 6 5 4 3 2 1 -

10,000 8,000 6,000 4,000 2,000 2012-01-01

TSX:RRX

2012-07-01

2013-01-01

Production bbls/d

2013-07-01

RRX stock price

RRX

2014 GuIdANCE

Raging River Exploration Inc. (RRX) is a high-growth junior oil and gas producer currently focused in the Kindersley area of Saskatchewan, exploring, developing and exploiting the Viking light oil resource play.

2014-01-01

Stock price

Rock is a growth-oriented western Canadian energy producer that is focused on building a portfolio of oil-producing assets with predictable sustainable cash flow. Rock’s current assets are located along the Alberta-Saskatchewan border near the towns of Kindersley, Sask., and Kerrobert, Sask. During the first quarter of 2014, the company is producing 4,899 barrels of oil equivalent per day.

CONTACT 800-607 8 Avenue SW Calgary, Alberta T2P 0A7 P: (403) 218-4380 www.rockenergy.ca

At Mantario, Sask., the company has discovered an oil pool that will be developed with a water/chemical flood to provide a stable base of 3,000 barrels per day of oil production and $35 million to $40 million per year of cash flow. At Onward, Sask., Rock has discovered a significant extension of the Kerrobert Viking light oil pool that could yield 250–500 potential drilling locations. COmpeTiTive STReNgThS iNCluDe: • Clean balance sheet with low debt levels • Strong foundation of oil production (95 per cent) and cash flow • An asset base that is amenable to the application of secondary and tertiary recovery techniques aimed at extending reserve life, lowering decline rates and improving recovery factors • A development-drilling inventory of 4–5 years (over 300 locations) at current drilling rates • 104,000 acres of undeveloped land with numerous exploration leads • Strong, engaged, motivated management team with the skill sets to add value

TSX:RE:CA June 2014 – ePAC Oil & GAs investOr shOwCAse 17

CORPORATE PROFIlES

Sea Dragon is an international oil and gas exploration and production company, focused on North Africa and with assets in Egypt. The company has established production, cash flows, no debt and an extensive and fully funded work program. Its current net production has increased 55 per cent year-over-year, now standing at 1,750 barrels of oil equivalent per day with 2P reserves of 3.75 million barrels of oil equivalent.

CONTACT 1900-520 3 Avenue SW Calgary, Alberta T2P 0R3 P: (403) 457-5035 www.seadragonenergy.com

Sea Dragon’s strategy is to capture undervalued assets through acquisition and to realize their upside potential. The company’s focus is on developing its assets in the Gulf of Suez and the Nile Delta, where the management team have had proven success. The company’s producing assets are the non-operated (10% equity) North West Gemsa concession located 300 kilometres southeast of Cairo. This asset was developed from an exploration prospect in 2008 and now consists of 22 wells, two active waterfloods with an average daily production of 13,500 barrels of oil equivalent per day, which consists of 11,500 barrels of oil per day and 12 million cubic feet per day of gas. Sea Dragon’s other producing asset is the 100% owned Shukheir Marine concession located in the shallow waters of the Gulf of Suez, which contains two fields that, combined, produce approximately 400 barrels of oil per day. The company’s other assets consist of the recently acquired South Ramadan field (January 2014), a development opportunity in the Gulf of Suez, and South Disouq (March 2014), an exploration concession located in the Nile Delta. The capital program for 2014 consists of three wells, five workovers and the planning of a 3-D seismic program acquisition. The company is fully funded, debt-free and focused on doubling its production in the next 18–24 months.

TSX-V:SDX.V

CONTACT 200-640 5 Avenue SW Calgary, Alberta T2P 3G4 P: (403) 817-6145 www.stormresourcesltd.com

Storm Resources Ltd. commenced operations on August 17, 2010, after assets were transferred to the company as part of the sale of Storm Exploration Inc. to ARC Resources Ltd. Storm has a focused asset base with large land positions in resource plays at Umbach and in the Horn River Basin, which have multi-year drilling upside, while the Grande Prairie area, with its shallow decline, provides cash flow available for investment. Near term, Storm’s efforts will be focused on advancing development of the liquids-rich Montney natural gas resource on its large land position at Umbach. Longer term, Storm continues to retain significant leverage to an improvement in natural gas prices through their position in the Muskwa and Otter Park shales of the Horn River Basin. Corporate production in the first quarter of 2014 was 5,068 barrels of oil equivalent per day (22 per cent oil plus natural gas liquids), an increase of 104 per cent from the same period last year. The increase resulted from growth at Umbach, where first-quarter production was 3,559 barrels of oil equivalent per day, representing growth of 565 per cent from the first quarter of 2013. With a strong balance sheet and plans in place to further expand owned and operated infrastructure at Umbach, continued rapid growth is expected during 2014 and 2015.

TSX-V:SRX 18 June 2014 – ePAC Oil & GAs investOr shOwCAse

CORPORATE PROFIlES

Tuscany Energy Ltd. is a Calgary-based independent energy company, engaged in the exploration and production of heavy oil in the general Lloydminster area of western Saskatchewan and east central Alberta. The company’s growth is primarily based on the ongoing success of its development drilling programs in the Macklin and Evesham pools.

CONTACT 1800-633 6 Avenue SW Calgary, Alberta T2P 2Y5 P: (403) 269-9889 www.tuscanyenergy.com

TSX-V:TUS

BypASSEd HEAvy OiL pLAy In 2010, Tuscany commenced drilling horizontal, heavy oil wells on prospects generated by identifying bypassed oil wells. These wells were usually vertical completions and, due to water coning and periods of low oil prices, were abandoned. Tuscany’s exploration team identified and acquired lands on these prospects and commenced drilling horizontal wells, which reduced water coning and enhanced oil recoveries. To date, Tuscany has successfully drilled 23 oil wells at Macklin and Evesham, in Saskatchewan. Tuscany is the operator of both pools. At Macklin, Tuscany has a 100 per cent interest in nine oil wells, which are producing a total of approximately 350 barrels of oil per day. At Evesham, the company has a 60 per cent working interest in 14 oil wells, 11 of which are producing a total of 190 barrels of oil per day (net). Tuscany also has a 100% working interest in a Macklin Sparky prospect, three additional Dina oil prospects, and three additional prospects in different heavy oil formations. During 2014, the company plans an active development program at Macklin and Evesham as well as drilling initial wells on two to three new prospects.

Total production (BOEd) 800 600 400 200 -

Q1 Q2 Q3 Q4 2013

Total revenue ($) 4,000 3,000 2,000 1,000 -

Q1 Q2 Q3 Q4 2013

1,600

Cash flow from operations ($)

1,200 800 400 -

Q1 Q2 Q3 Q4 2013

Westbrick is a private company, founded by Ken McCagherty (and team), Bruce Chernoff and Doug Kay in late 2011, with a focus on liquids-rich gas exploitation in the Alberta Deep Basin trend. The company has been very successful using horizontal multistage fracture technology on conventional pools previously developed with vertical wells. Kohlberg Kravis Roberts & Co. L.P. (KKR), a global alternative asset manager with over US$90 billion of assets under management, became a major shareholder in November 2012, providing capital to support Westbrick’s growth.

CONTACT 1000-500 4 Avenue SW Calgary, Alberta T2P 2V6 P: (403) 232-8805 www.westbrick.ca

With a total equity investment of CDN$190 million plus conventional bank debt of $46 million, the company has created assets of: • Current production: Over 11,000 barrels of oil equivalent per day • Proven-plus-probable reserves (GLJ) at December 31, 2013: 42.7 million barrels of oil equivalent (78 per cent gas) • Over 400 sections of land with average working interest of 69 per cent • 2014 cash flow: over $90 million • Go-forward capital budget: $100 million Since inception, the total finding and development costs, including future development capital of $222 million, are $9.62 per barrel of oil equivalent. Westbrick believes it has identified over 400 low-risk and high-quality drilling locations on its land base. The 2014 capital program is expected to grow the production base by 50 per cent to 15,000 barrels of oil equivalent per day by drilling just 20 wells. The company is currently looking at alternatives to substantially increase its capital program to accelerate both production and cash flow growth.

June 2014 – ePAC Oil & GAs investOr shOwCAse 19

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