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Quicksilver Resources Inc
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Q3 2014 Investor Presentation
| Glenn Darden | Page 20 of 11 |
May 18, 2024
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"Q3 2014 Investor Presentation"
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Horn River Basin Seeking partners to link vast resource potential to Asian markets Quick Facts Acreage: 140,4gross 2013 Proved Reserves: 70 Bcf Unbooked Resource Potential: 14 Tcf Estimated GIP 37 Tcf Phase: Principally Exploration Target Formations: Klua & Muskwa Producing Wells: 12 gross/net 6 PDNP wells 3Q’14 Average Daily Production: 35 MMcfed Activity Minimal activity planned until execution of a strategic transaction Highlights Highest quality shale reservoir in Quicksilver’s inventory Contiguous acreage expected to yield development >90% Well-served by existing treating facilities and pipelines Filed application for license to export up to Mtpa of LNG from Quicksilver’s Discovery LNG site; application status progressed into public comment period Continuing to pursue successful completion of a strategic transaction Fortune Creek Amendment (executed March 2014) Gathering rate decreased by $0.13/Mcf through at least 2016 Remaining $120MM of required capital spending deferred to earlier of June 2016 or 12 months following completion of a transaction