1. business and industrial
2. energy
3. oil

TSX-V: Q.A Q.B
GAINING MOMENTUM.
DRIVING VALUE.
October 2014 Presentation
Cautionary Statements
This corporate presentation contains certain forward-looking statements, including management’s assessment of plans and future
operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks, uncertainties, and
assumptions, certain of which are beyond Questfire’s control. Such risks, uncertainties, and assumptions include, without
limitation, risks associated with oil and natural gas exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or
inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources including
banking arrangements, the impact of general economic conditions in Canada, the United States and overseas, industry
conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in
how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management,
fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to
announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Questfire’s
actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that Questfire will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether
written or oral, attributable to Questfire or persons acting on its behalf are expressly qualified in their entirety by these cautionary
statements. Furthermore, the forward-looking statements contained in this presentation are made as at the date presented and
Questfire does not undertake any obligation to update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Petroleum and natural gas volumes are converted to an equivalent measurement basis referred to as a “barrel of oil equivalent”
(boe) on the basis of 6,000 cubic feet of natural gas equalling 1 barrel of oil. This is based on an energy equivalency conversion
method applicable at the burner tip and does not necessarily represent a value equivalency at the wellhead, which under current
commodity prices is approximately 20-25 mcf to 1 bbl. Readers are cautioned that boe figures may be misleading, particularly if
used in isolation.
Corporate Profile
Shares
Listing
Shares Issued
Held by
Officers and
Directors (Basic)
TSX-V:
Q.A Q.B
0.550 million Class B
17.318 million Class A Basic
~56.9%*
19.964 million Class A Fully Diluted
* IncludesSpouses
Debt/Banklines
June 30, 2014
Bank Debt & W.C
$40.0 million **
Bank Line Availability
$15.0
million
* *Excludesmark to market on hedgingandcurrentportionof SAFQ LP Commitment
SAFQ LP Commitment
$14.9
million
2014 Guidance –Updated Sept. 2014
Average Production
5,000 - 5,100 boe/d
(23% oil & NGL)
Funds Flow
$22
Exit Bank Debt and W.C.
$42
Capital Budget
- $25 million
$20
- 22 million
Cash Flow per A Share
$1.27
$1.10
million***
- $1.44 (Basic)
- $1.25 (F.D)
***Does not include additional property dispositions
Base Production Decline Rate
< 15% per year
Reserve Life Index (GLJ Dec. 31, 2014)
1P:
10.8 years
2P:
14.2 years
2014 H1 Actuals
H1 Production
4,847
Funds Flow from Operations
$12.8 million
boe/d
Capital Spent
$6.4
million
(22% oil & NGL)
H1 Funds Flow per A Share
Q2 Exit Bank Debt and W.C.
$40.0
$0.97
million*
* Does not include “mark to market” hedging losses or
current portion of SAFQ LP commitment
Production
• Q2 Downtime ~230 boe/d
• August Estimated Production
~ 5,300 boe/d
• 200 boe/d awaiting tie-in
(Basic)
$0.43
(F.D)**
** Includes dilution from the repurchased $32.6 million
Conv. Debenture and 1.5 million ‘B’ shares
Q2 Corporate Activities
• Purchased and cancelled 1.5 million ‘B’ Shares at
$2.60 per share – May 5, 2014
• Closed sale of 61 boepd for $3.75 million
• Converted the 2012 $1.51MM Conv. Deb. to Class
‘A’ shares.
Asset Base:
Diversified, Low-Decline, Opportunity-Rich
Land
• 816,464 gross acres
• 352,128 net acres, (550
net sections)
• Includes significant
fee and royalty lands
generating ~ $1.9
million per year of net
cashflow.
Diversified by
• Commodity – light oil,
dry gas, liquids-rich gas
• Geography – from NW
to SE Alberta
• Geology/play type –
shallow/simple through
deep/complex
• Approx. 65% operated. Operated
assets typically have higher WI
Fort McMurray
Northwest
Alberta
Edmonton
Central
Alberta
East
Alberta
Red Deer
Red Deer
Calgary
Medicine
Hat
Lethbridge
South
Alberta
Medicine
Hat
• “Underworked” asset base –
amenable to optimization, infill drilling
and exploration
• Low decline = less “treadmill” effect
than high-capital/high-decline
resource plays
Simplified Capital Structure:
March 26, 2014 Transaction and 2012 Debenture Conversion
1
Repurchase $32.6 million of Convertible
Senior Secured Debentures (due April
30, 2016)
Purchase price: $13.6 million cash
Closed Debenture Purchase
March 26, 2014
2
Transactions 1 & 2 financed by:
Sale/leaseback of Questfire facilities, raising $15 million cash
$2.5 million of bank debt/cash flow
Purchased by way of Issuer Bid of
1.5054 million Class B shares at
$2.60 per share ($3.914 million total).
1.5 million B shares committed under a Pre-Tender
Agreement – March 26, 2014
Offering Circular mailed to shareholders March 31st,
and offer was closed May 5, 2014
0.5504 million Class B shares now outstanding.
3
Converted the 2012 $1.51 million
debenture and exercised warrants.
Debenture converted to 2.87 million
Class A shares.
The exercise of 1.46 million Class A
share warrants generated warrant
proceeds of $ 1.095 million
No debentures remaining.
Current Share Structure
Class A shares:
Basic: 17.318 million
outstanding
Options: 2.646 million
Total diluted A shares:
• 19.964 million
Class B shares:
0.5504 million outstanding
Mandatory conversion by
Dec. 31, 2016.
Conversion at Questfire’s
option after Sept. 30, 2014.
Conversion at
Shareholders Option Dec.
1 – 31, 2016
Current market price of ~
$7.00 per share
Corporate Debt
More Manageable and Flexible
Bank Line
ATB Operating Line: $55
million revolver.
Syndicated with the TD
Bank
Approx. $40.0 million
negative W.C. at June 30,
2014
Forecasted 2014 exit Bank
Debt to annualized
Forecasted Dec. 2014
forecast cash flow of 1.5
times
Facility Sale and Lease Back
Financing
$15 million Commitment with Stream
Asset Financial – March 26, 2014
Secured by Lookout Butte Gas Plant
and Medicine Hat Facilities
$ 2.3 million per year repayment for
17.5 years
Option to repay after 4 years
(13.25% interest rate)
Use of Proceeds
• $13.6 million used to redeem a
$32.6 million convertible debenture
• Remainder used to help fund the
Class B Issuer Bid @ $2.60/share
Corporate Reserves
as at December 31, 2013 (GLJ)
Summary of Working Interest Reserves and NPV as of December 31, 2013
GLJ Jan. 1, 2014 Forecast Pricing
Light &
Medium Oil
(Mbbls)
Natural
Gas
(MMcf)
Natural Gas
Liquids
(Mbbls)
Total Oil
Equivalent
(Mboe)
Summary of Net Present Value - B.Tax
$000s, Before Deducting Income Taxes, Discounted At
0%
5%
10%
15%
Proved Reserves
Developed producing
1,059
75,021
2,116
15,679
283,318
196,626
152,963
126,417
Developed nonproducing
18
2,417
64
485
6,052
4,917
4,103
3,499
Undeveloped
8
14,637
361
2,809
38,422
21,444
12,994
8,214
Total Proved Reserves
1,085
92,076
2,542
18,972
327,791
222,986
170,060
138,130
Probable
462
33,187
721
6,715
140,096
72,626
45,782
32,072
Total Proved and
Probable
1,547
125,263
3,263
25,687
467,887
295,612
215,842
170,202
Future Development Costs (FDC)
Proved Production
Notes:
$2.11 MM
($1.081 MM NPV (10%))
Total Proved
$22.32 MM
($17.071MM NPV (10%))
Total Proved and Probable
$34.94 MM
($26.89 MM NPV (10%))
1. Prices used were GLJ forecast prices as at January 1, 2014.
2. Refer to Questfire’s AIF, filed on SEDAR, for detailed
corporate reserves information.
NAV After the Q1 Transaction
Higher Per Share Value
Proved
Producing
Total Proved
Proved and
Probable
Proved and
Probable
Plus Land
152.973
170.060
215.842
225.842
Bank Debt & W.C. ( June 30, 2014 )
(40.0)
(40.0)
(40.0)
(40.0)
Facility Lease Back Contract Obligation
(14.9)
(14.9)
(14.9)
(14.9)
Class B Shares ($10/share)
(5.50)
(5.50)
(5.50)
(5.50)
NET ASSET VALUE
92.573
109.660
155.442
165.442
Fully Diluted ‘A’ Shares (millions)
19.964
19.964
19.964
19.964
$4.64
$5.49
$7.79
$8.29
($MM except per share)
GLJ Dec 31, 2013 NPV(10%)
Net Asset Value per FD ‘A’ Share:
Assumptions:
GLJ December 31, 2013 Reserve Estimation
Estimated Value for undeveloped land and seismic is $10 million
‘B’ shares treated as $5.50 million of debt
Fully diluted ‘A’ shares of 20.034 million
Growing Funds Flow & Declining Debt
to CF Ratio
90
$30-$34 million
74.5
75.4
80
77.1
$22-$25 million
Total Debt*
$ Millions
70
60
54.9
56.9
56.3
50
40
Funds Flow
$ Millions
2.9
5.2
30
12.8
20
4.8
10
-1.1
0
Q1 2013
0
Q2 2013
Q3 2013
Q4 2013
H1 2014
2014F
2015F
*Total debt includes end of period bank debt and working capital plus SAFQ LP lease back
commitment of approx. $15 million plus any outstanding debentures
Target-Rich Asset Base
Core Focus Areas
Multiple recent
successes
Oil and liquids-rich gas
targets
Well recompletions
and new drilling
Recent activity creates
multi-well inventory in
three to four areas
Fort McMurray
Operated and
non-operated
Edmonton
60+ gross vertical and
horizontal oil drilling
locations in inventory
Open Lake and W4 Oil
Red Deer
Central
Alberta Gas
Calgary
Lethbridge Medicine Hat
Southern
Alberta Gas
Current activity
Long-term drilling
Central Alberta
Multi-Zone Deep Basin Production and Drilling
1,550 boe/d
Incremental 150 boe/d of liquids
rich gas awaiting tie-in (Oct. 2014)
One of two main focus areas for
activity and capital investment
40% oil and NGL
Multi-zone, Deep Basin production
Consistent with team’s professional
experience
Key property: Open Lake, 100%
WI, operated facilities with excess
capacity
Fort McMurray
Edmonton
Central Alberta
• Open Lake
• Brazeau
• Westerose
• Willesden Green
Red Deer
Focus:
Calgary
Lethbridge Medicine Hat
Current activity
Optimization/
rationalization/
maintenance
Long-term drilling
• Vertical infill drilling (100% W.I.)
in the multi-zone deep basin at
Open Lake
• Horizontal drilling for Glauconitic
liquids rich gas – Willesden Green
Multiple near-term well
recompletions
• Facility optimization/consolidation
• Optimize production
Open Lake Area
Ostracod Oil Development Project
12 Vertical Multi-Zone Locations, ~100% W.I.
Ostracod B
Productive sand
outline
Ostracod D
Productive sand outline
ALBERTA
9-21-42-6W5 I.P. ~ 300 boped
Edmonton
15-17-42-6W5M BATTERY
100% W.I.
Lloydminster
Questfire land
Questfire drilling location
Ostracod oil producer
Calgary
Ostracod C
Productive sand outline
Approx. 25 sections with mainly 100% Working Interest
Ostracod gas producer
Gas pipeline
Oil pipeline
Questfire gathering
Open Lake Area
Multi-Zone Opportunities
2,175 m
Viking Sands
Mannville Channels
2,425 m
2,440 m
2,450 m
Glauconitic
Ostracod Sands
Ellerslie
Rock Creek
Mississippian
B
C
B
D
D
C
2,475 m
Open Lake
Vertical Ostracod Type Curve (Single Zone)
EUR
60
Capital
$1.5 MM
NPV10
$3.0 MM
PIR10
2.0
ROR
89%
Payout
F&D
50
Cost of Production
40
Production Rate (bbls/d)
30
20
10
0
0
12
24
36
Time (months)
48
143 mboe (60% oil)
60
1.4 years
10.48 $/boe
18,725 $/boe/d
East Central Alberta
Emerging Horizontal Oil Opportunities
One of two main focus areas:
Fort McMurray
600 boe/d, 17% oil
Typical W4 Mannville gas and Hz
heavy oil
Extensive land, numerous wellbores.
Edmonton
East Alberta
• Mannville
• Auburndale
• Wildmere
• Cache
• Tweedie
• Liege
• Wainwright
• Viking/Kinsella
• Vermilion
Red Deer
Primary focus
Pursue Sparky/Lloyd/McLaren formation
horizontal oil drilling opportunities
Calgary
Strong Q4 2013 successes at
Auburndale, Mannville and Wildmere
Lethbridge Medicine Hat
Viking-Kinsella gas recompletions and
optimization
Current activity
Identified 36 to 44 gross horizontal
drilling locations to date
Optimization/
rationalization/
maintenance
Long-term drilling
Secondary focus
cut costs, optimize
wells/facilities,
consolidate/rationalize
non-core items
W4 Horizontal Oil Prospects
Perpetual Hz Drlg for Lloyd & Sparky
Perpetual Hz Drlg for Sparky
10-36 Strat Test Questfire 100% W.I.
Drilled 2 – 100% WI Hz wells in Q3, 2014
Crew Hz Drlg for Sparky
Perpetual Hz Drlg for Lloyd
Perpetual Hz Drlg for Sparky
Perpetual Hz Drlg for Lloyd
ALBERTA
Twin Butte Hz Drlg for Lloyd
Mannville
Wildmere
Sparky Prod. From Vertical Wells
Questfire (25% W.I.)
CNQ Hz Drlg for Sparky
Edmonton
Lloydminster
Calgary
Twin Butte, Questfire (33% W.I.) Hz
Drilling for Lloyd – 8 gross wells
drilled to end of Q3, 2014
Auburndale
Questfire land
Oil pool
Auburndale Area
Lloydminster Horizontal Oil Development Project
12 Horizontal Wells, 33.3% W.I.
Lloydminster “K” pool
Cum. 100 MBO,.3 BCF (excl. sec 20)
Curr. 136 bopd, 435 mcfd (excl. sec 20)
15.1 API
ALBERTA
New Hz well
Twin Butte Op.
I.P Jan 2014 @ 125 bopd
Current Prod: 105 bopd
Cum to Date: 24.0 Mbbls Oil
Edmonton
Lloydminster
1 Section OOIP: 19 MMbo Gross
8 Gross (2.7 net) Horizontal wells
drilled to end of Q3, 2014
Calgary
Questfire land
Lloydminster Hz. oil location
Lloydminster oil producer
Oil pool
Mannville Area
Sparky Horizontal Oil Development Project
8 to 16 Horizontal Locations, 100% W.I.
Questfire land
Questfire Sparky Hz oil location
Sparky Hz. oil producer
Sparky oil pool
3D seismic
Two – 100% WI Hz wells
drilled in July 2014
ALBERTA
Edmonton
10-36 Strat. Test
Questfire 100% W.I.
OOIP: 27MMbo
(Sparky)
Lloydminster
Calgary
U. Mannville (Sparky) I2I Pool
Cum. 547 MBO, 1.4 BCF
Curr. 227 bopd, 699 mcfd
13.6 API
Wildmere Area
Sparky Horizontal Oil Development Project
13 Horizontal Locations, 25% W.I.
Questfire land
Proposed Sparky Hz. oil location
Sparky Hz. oil producer
Sparky oil pool
3D seismic
ALBERTA
Edmonton
Lloydminster
Calgary
Sparky “Q” pool
Cum. 11 MBO, .02 BCF
Curr. 25 bopd, 73 mcfd
Sparky “O” pool
12.9 API
Cum.
416 MBO, .25 BCF
*thin pay column
Curr. 448 bopd, 353 mcfd
13.9 API
Sparky Gross
OOIP: 28 MMbo
(Questfire W.I. Lands)
Mannville/Auburndale/Wildmere
Horizontal Lloydminster/Sparky Oil Type Curve
EUR:
70
Capital:
$1.25 MM
NPV10:
$1.12 MM
PIR10:
0.9
ROR:
68%
Payout:
1.4 years
F&D:
60
Production Rate (bbls/d)
70 mboe
17.85 $/boe
Cost of Production:
50
20,195 $/boe/d
40
30
20
10
0
0
12
24
36
Time (months)
48
60
Oberlin/Red Deer
Longer-Term Gas Potential
Fort McMurray
1,100 boe/d
Oberlin/Red Deer
12% oil and NGL
• Twinning
• Chigwell
• Ferrybank
• Joffre
• Oberlin
• Gadsby
Edmonton
Longer-term potential
for CBM and liquidsrich conventional gas
Red Deer
Calgary
Lethbridge Medicine Hat
Current activity
Optimization/
rationalization/
maintenance
Long-term drilling
Focus:
•
•
•
•
Maintenance
Benefit from steady cash flow
Optimize production and facilities
Infill drilling and recompletion
opportunities with higher natural
gas prices
Oberlin Area
Coal Bed Methane Potential
Upside and Facilities
Questfire land
31 Infill Drilling
Locations
Questfire operated well
Questfire operated pipeline
Proposed infill drilling location
35 Recompletion
Candidates
HSCN producers
Potential in uncompleted upper
HSCN coal seams
9 Gross (2.4 net),
CBM wells drilled in
Q3, 2014
Various producing zones
Potential in uncompleted HSCN
coal seams
Compressor station
ALBERTA
Edmonton
Lloydminster
Calgary
Lookout Butte
Liquids-Rich Gas with Low Decline
950 boe/d
3,500-metre-deep, long-RLI pool
developed in 1960s
20% C5+ & NGL
(40+ bbls/mmscf)
Rundle Formation, Foothills gas,
3% H2S
Tied to Shell Waterton plant
Site of sold/leased back gas plant
to finance recent transaction
Current activity
Optimization/
rationalization/
maintenance
Long-term drilling
Fort McMurray
Edmonton
Southern Alberta
Red Deer
Focus:
Calgary
Lethbridge Medicine Hat
• Optimize production, including
reactivating shut-in wells
• Benefit from steady cash flow
• Potential for oil-focused well
recompletions – Blairmore oil
• Long-term potential for accelerated
pool drainage under higher gas
prices
• Cardium gas potential
Medicine Hat
Large Infill Drilling Potential
650 boe/d
Classic shallow gas
(400 m depth)
Medicine Hat and
Second White Specks
100% WI
Extensive infill drilling potential
with higher gas prices
• 27 infill drilling locations
• 101 recompletion candidates
Current activity
Optimization/
rationalization/
maintenance
Long-term drilling
Fort McMurray
Edmonton
Red Deer
Medicine Hat
Calgary
Lethbridge Medicine Hat
Focus:
• Further reduce costs
• Well optimization, such as
routine swabbing program, to
maintain rates
Near-Term Activities and Goals
Recompletions and Drilling
Drill/Recomplete for Oil
Open Lake Verticals,
Auburndale, Wildmere,
Mannville Horizontals
Growing Oil & Gas Inventory
44+ gross Hz oil wells
15+ gross vertical oil wells
50+ high W.I. infill shallow gas
locations
2014 Field Program
Cash flow budget of approx.
$20-$22 million with $13-$15
million on drilling and
completions.
Goals
Increase oil and NGL production to
~ 28% by year-end 2014
Exit 2014 at approximately 5,500 boe/d
Target 2014 funds flow of
$22 - $25 million
Exit 2015 at 6,000+ boe/d (36% liquids)
Over the longer-term achieve 10,000+
boe/d production through drilling and
acquisitions
2014 & 2015 Forecasts
Base Case Cash Flow Spending
2014 Forecast
2015 Forecast
Ave Production (boe/d)
5,000 – 5,100
5,600 – 5,800
Exit Production (boe/d)
~5,500
~6,000
26% - 28%
34%
Funds Flow From Operations ($MM)
$22-$25
$30-$34
Net Capex ($MM)
$20-$22
$30.0
Nil*
Nil*
~$42.0**
$41.9**
Senior Debt to Dec, 2014 Annualized Funds Flow Ratio
1.5 : 1
1.1 : 1
Long-Term Commitment (Facility Lease Back) ($MM)
$14.8
$14.4
Exit Oil & NGL (%)
Debentures Balance ($MM)
Exit Senior Bank Debt and W.C.($MM)
Pricing assumptions:
* June 2012 Debentures converted to Class A shares in June 2014.
Oil & Natural Gas:
** Assumes no additional property divestitures.
•
2014 – WTI Cdn $105.50/bbl & AECO $4.39/GJ
•
2015 – WTI Cdn $100.00/bbl & AECO $3.75/GJ
Advantages of Questfire Approach
Experienced Team
Opportunity-Rich Environment
Senior management with strong
operational and exploration
experience. Basin-wide
experience in many play types.
Proven Ability
Clear record of
operating assets
efficiently and
generating immediate
success in the field.
Large land base. Assets were noncore to previous owner and
underworked. Range of opportunities:
workovers, recompletions, infilll drilling
and exploration.
Lower Capital Costs
Total well costs low:
$1.0 to $1.5 million
for vertical and
horizontal oil wells.
Avoid High-Decline
Treadmill
Low corporate decline
rate. Much lower first-year
decline on new wells than
on HZ/MSF wells.
Protecting Cash Flow
Hedges in Place as of September, 2014
Period
Commodity
Contract Type
Notional
Quantity
Jan. 1/14 - Dec. 31/14
Natural gas
Fixed price
8,000 GJ/d
AECO 7A
Cdn$3.3575/GJ
Jan. 1/14 - Dec. 31/14
Natural gas
Purchased put
5,000 GJ/d
AECO 7A
Cdn$3.00/GJ
Jan. 1/14 - Dec. 31/14
Natural gas
Purchased put
10,000 GJ/d
AECO 7A
Cdn$3.00/GJ
Jan. 1/14 - Dec. 31/14
Crude oil
Fixed price
200 bbls/d
WTI NYMEX
Cdn$94.80/bbl
Jan. 1/15 - Dec. 31/15
Natural gas
Purchased put
5,000 GJ/d
AECO 7A
Cdn$3.00/GJ
Pricing Point
Contract Price
Management:
Experienced. Skilled. High Ownership.
Richard Dahl, President & CEO
John Ramescu, VP Land
Professional Engineer
Professional Landman
26 years’ experience
28 years’ experience
President, CEO, Director and
co-founder of Stonefire
Energy Corp.
VP Land, Director and
co-founder of Stonefire
Energy Corp.
Tempest Energy Corp., Tier
One Energy Corp., Grad &
Walker, HCO Energy, Amoco,
Dome
Tempest Energy Corp.,
Vermilion, Ranger, Opinac,
Amoco, Dome
Fred Laudel, VP Exploration
33 years’ Basin-wide
exploration experience –
275+ wells
Discovered >30 mmboe.
VP Exploration and
co-founder of Stonefire Energy
Corp.
Tempest Energy Corp.,
Real Resources, EOG,
Newquest, Paloma, Gulf
Ronald Williams,
VP Finance & CFO
22 years’ industry finance
experience
VP Finance, CFO and
co-founder of Stonefire
Energy Corp.
Director Finance Vermilion
Energy Trust (1999-2006)
Carmanah Resources, Ernst &
Young, Collins Barrow
Management:
Proven through the Drill Bit. Focused on Lowering Costs.
Darren Kisser,
VP Engineering & Operations
Bruce Shepard, VP Exploitation
Professional engineer with 23 years’
experience with junior, intermediate
and senior E&Ps
33 years’ extensive Basin-wide
exploration and exploitation
experience. Drilled 145+ wells;
discovered >19 mmboe
VP Engineering & Operations
and co-founder of Stonefire
Energy Corp.
Exploration Manager and
co-founder of Stonefire
Energy Corp.
Tempest Energy Corp., Vermilion,
Norcen, Wintershall
Tempest Energy Corp., numerous
technical and managerial roles with
junior to mid-sized E&P companies
Rod Keller, Project Manager
44 years’ experience in
environmental, surface land,
construction, drilling and facilities
As President of Advance Energy
Ltd. has consulted to numerous
junior to senior E&P companies.
Field project manager for
Stonefire Energy Corp., Tempest
Energy Corp. and Tier One
Energy Corp.
Board of Directors
Roger MacLeod
Independent Director
Roger MacLeod Independent
Director
24 years’ experience in corporate law
and finance
Partner, Davis LLP
Formerly Partner, Burstall Winger
Director of Stonefire Energy Corp.
Neil Dell
Independent Director
Professional engineer with > 40
years’ industry experience, including
31 years with GLJ Petroleum
Consultants Ltd. (VP Small Business
Services)
President, Delmar Consulting
Senior reservoir engineer with Mesa
Petroleums Ltd.
Reservoir engineer with the ERCB
John Ramescu
Graham Norris
VP Land, Director
Corporate Secretary
27 years’ experience
VP Land, Director and co-founder of
Stonefire Energy Corp.
Graham Norris is an associate in the
Securities & Corporate Finance
Practice Group of Davis LLP
Graham's practice focuses on
corporate and securities law
Richard Dahl
President & CEO, Director
Professional engineer with 26 years’
experience
President, CEO, Director and cofounder of Stonefire Energy Corp.
Tempest Energy Corp., Tier One
Energy Corp., Grad & Walker, HCO
Energy, Amoco, Dome
Why Invest in Questfire
High-NAV asset base, very low
share price, low number of
shares outstanding
Stable hedged cash flow, low
production decline, long RLI
Solid team – experienced,
successful, creative,
committed to growth and
financial success
Growing momentum –
numerous opportunities
for growth, organic and
acquisitions
Long term outlook for natural
gas prices is very positive due
to rising industrial demand and
numerous LNG projects
moving forward
Growing cash flow, simplified
capital structure, large
opportunity base, expanded
2014 field activities financed
100% through funds flow
Excellent, opportunity-rich asset
base with large inventory
Opportunity to add value “off the
treadmill” and through cash flow
Huge leverage to rising
natural gas prices and light
oil exploration/exploitation
100% WI opportunities
provide flexibility to
commence activity as
soon as weather allows
Contact
Richard Dahl, P.Eng.
President & CEO
Tel: 403-263-6688
Email: [email protected]
GAINING MOMENTUM.
DRIVING VALUE.