Investor PresentationSeptember 2009

The Cequence Team

• Former Director, Cyries Energy Inc., and Chief Operating Officer, Cequel Energy Inc. and Cypress Energy Inc.

Howard Crone, P.EngPresident & CEO

• Former Vice President, Exploration, Cyries Energy Inc., Cequel Energy Inc., PrimeWest Energy Trust, Cypress Energy Inc., Samson Canada, Wascana Energy Inc.

Richard ThompsonExecutive Vice President

• Former Treasurer, Cyries Energy Inc., Cequel Energy Inc., David Gillis, CA , y gy , q gy ,Deloitte Touche

David Gillis, CAVice President Finance & CFO

• Former Geology & Exploration Manager, Cyries Energy Inc., Cequel Energy Inc., PrimeWest Energy Trust, Cypress Energy Inc

Hany BeshryVice President Exploration Cypress Energy Inc. p

• Former Vice President, Operations, Cyries Energy Inc., Cequel Energy Inc., PrimeWest Energy Trust, Cypress Energy Inc.

Robin Bieraugle, P.Eng.

Vice President Operations

• Former Vice President, Negotiations, Cadence Energy Inc., Mission Oil & Gas Inc., StarPoint Energy Ltd., Ketch Energy Ltd., Cypress Energy Inc.

Nathan MacBeyVice President Land

E i Th CMA

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• Former Chief Financial Officer, Cyries Energy Inc., Cequel Energy Inc., PrimeWest Energy Trust, Cypress Energy Inc.

Erin Thorson, CMAController

Board of Directors

• Former CEO and Chairman of Cyries Energy Inc., Cequel Energy Inc. and Cypress Energy Inc.

Don ArchibaldChairman

• President & CEO of Cequence Energy Ltd., former COO of Cequel Energy Inc. and Cypress Energy Inc.Howard Crone

Executive Vice President of Cequence Energy LtdRichard Thompson • Executive Vice-President of Cequence Energy Ltd.Richard Thompson

• President of Starvalley Oil & Gas Ltd., former President & CEO of StarPoint Energy Ltd., Crescent Point Energy and Startech Energy Ltd

Paul ColborneStartech Energy Ltd.

• President of Destiny Energy Inc., Chairman of Crescent Point Energy Trust, former VP Exploration of Mission Oil & Gas Inc. and StarPoint Energy Ltd.

Peter Bannister

• Former Chairman, President & CEO of Precision Drilling CorporationHank Swartout

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• Joint Managing Partner, Felesky Flynn; appointed Queen’s Counsel in 2000Brent Perry

Overview

• Revitalized balance sheet

• Management team has built and sold three junior g joil and gas companies

• Full complement of technical and business development leaders within team

• Extensive experience in focus areas of Deep B i d P Ri A hBasin and Peace River Arch

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Corporate Objectives

• Build a focused oil and gas exploration and production company

• Operational focus in Deep Basin and Peace River Arch

• Execute acquisitions within focus areas

• Pursue lower risk, medium depth and multi-zone d illi t iti ith t ti l fdrilling opportunities with potential for reserve and production additions

• Assemble operated land base in focus areas• Assemble operated land base in focus areas with high working interest

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Corporate Summary

Production  (as at September, 2009)

2,150 boe/d85% natural gas

2 6RLI 12.6 years

Undeveloped land 141,000 net acres

Shares outstanding36.4 million basic42.5 million fully diluted

Insider ownership21.8% basic

Insider ownership32.7% fully diluted

Net cash on hand $10.0 million

Credit facilities $45.0 million

Hedge (physical)(1) 6000 GJ @ $7.85/mcf

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(1) Value as of September 2009 is approx. $4.5 million, expires March 31, 2010.

Cequence Area of Focus

• Technical team has drilled 300+ wells in core areasin core areas

• Targeting multi–zone, medium depth, long p greserve prospects with high netbacks

• Numerous drilling• Numerous drilling prospects

• Inventory of AlbertaBritish 

Columbiay

acquisition opportunities

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Cequence Land Holdings

Alberta

BC

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Montney Opportunities (Sinclair Area, AB)

• All Montney opportunities are within HFG Holdings. Cequence controls 71% of the outstanding shares.

• Exposure to 60+ sections of Montney rights land

• Immediately available drilling opportunities for Montney exploration and d l t t Si l idevelopment at Sinclair, Mica and Gordondale

• Concentrated land position di tl ff t b i ifi tdirectly offset by significant new discoveries

Proposed Wells

Cequence Land

2008 Land Sale Activity

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Opportunity Driven

• Announced two acquisitions totaling $19 million for 850 boepd

• Reserves: 1.65 MMboe proved, 2.841 MMboe proved plus probable

• Deal metrics: $20,529 per producing boe, $11.33 / boe proved, $7.70 / boe P+P

St t i d l d l d ith i t f• Strategic undeveloped lands with an inventory of stacked target drilling locations

• Key facility ownership and pipeline infrastructure• Key facility ownership and pipeline infrastructure

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Geographic Concentration

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Cequence Land August Acquisition Lands

Growing Prospect Inventory

• Over 50 locations for new drills or re-completions on existing lands or acquisition opportunities

• New drills will target multi-zone, multi-well prospects

• Geologically and seismically supported step-out, twin and development drilling locations continually being upgradedcontinually being upgraded

• Over 15 MM boe of potential reserve additions (unrisked)

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Prospect Inventory - Blueberry, AB

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New Drills Re-completions Cequence Land August Acquisition Lands

www.cequence-energy.com702, 2303 4th Street SW Calgary AB T2S 2S7 Phone: 403-229-3050