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TSX.V:QXP 1
IMPORTANTNOTICEThispresenta4on,itscontentsandanyrelatedoralpresenta4onsareconfiden4alandthepropertyofQua>roExplora4onandProduc4onLtd.(“Qua>ro”orthe“Company”)andhavebeenpreparedbytheCompanysolelyfortheuseatthemee4ngwherethisdocumentispresentedandmaynotbetakenaway,reproduced,retransmi>edorfurtherdistributedtoanyotherpersonorpublished,inwholeorinpart,byanymediumorinanyformforanypurpose.Bya>endingthispresenta4on,youareagreementtobeboundbytheserestric4ons.Anyfailuretocomplywiththeserestric4onsmaycons4tuteaviola4onofapplicablesecuri4eslaws.Thispresenta4onisanoverviewoftheCompanyfor informa4onpurposesonlyandshouldnotbereliedonforthepurposesofmakinganinvestmentdecision.Thispresenta4ondoesnot,andit isnotintendedto,provideanyfinancial,legal,accoun4ng,ortaxadvice,andmustnotberelieduponbyyouinthatregard.Thepresenta4onshouldnotbeused,orrelieduponbyyou,asasubs4tuteforyourindependentresearchorconsulta4onwithyourownfinancial,legalortaxadvisors.TherearesignificantrisksassociatedwithaninvestmentintheCompany.Theinforma4oncontainedinthisdocumenthasbeenprovidedbytheCompanyorobtainedfrompubliclyavailablesourcesorthirdpartyreportsandhasnotbeenindependentlyverified.Norepresenta4onorwarrantyexpressorimpliedismadeasto,andnorelianceshouldbeplacedon,thefairness,accuracy,completenessorcorrectnessoftheinforma4onoranyopinionscontainedhereinandnothinginthispresenta4onis,orshallberelieduponas,apromiseorrepresenta4onbytheCompany.Itisnottheinten4ontoprovide,andyoumaynotrelyonthesematerialsasproviding,acompleteorcomprehensiveanalysisoftheCompany’sfinancialortradingposi4onorprospects.Theinforma4onandanyopinionspresentedhereinareprovidedasatthedateofthisdocumentbasedongeneralinforma4ongatheredatthe4meofwri4ngandaresubjecttochangewithoutno4ce.NoneoftheCompanynoranyofitsaffiliates,advisorsorrepresenta4vesshallhaveanyliabilitywhatsoever(innegligenceorotherwise)foranylosshowsoeverarisingfromanyuseofthesematerialsoritscontentsorotherwisearisinginconnec4onwiththisdocument.Thisdocumentandanyrelatedoralpresenta4ondoesnotcons4tuteanofferor invita4ontosubscribefor,purchaseorotherwiseacquireanysecuri4esorotherdebt instrumentsoftheCompanyandnothingcontainedhereinoritspresenta4onshallformthebasisofanycontractorcommitmentwhatsoever,nordoesitcons4tutearecommenda4onregardingthesecuri4esoftheCompany.AlldollaramountsstatedinthisMemorandumareexpressedinCanadiancurrency,exceptwhereotherwiseindicated.InanydisclosurerelatedtoDiscoveredPetroleumIni4ally-In-Place,theCompanyconfirmsthatthereisnocertaintythatitwillbecommerciallyviabletoproduceanypor4onofsuchresources.FORWARD-LOOKINGINFORMATION&FORWARD-LOOKINGSTATEMENTSCAUTIONARYSTATEMENTThis presenta4on contains forward-looking informa4on rela4ng to capital expenditures, future drilling, drilling costs, produc4on rates, cash flow, investment payouts, valua4ons, and other ma>ers(“forward-lookingstatements”).Thesestatementsrelatetofutureeventsorfutureperformance.Forward-lookingstatementsareo[en,butnotalways,iden4fiedbytheuseofwordssuchas"an4cipate","budget", "plan", "es4mate", "expect", "forecast", "may", "will", "project", "poten4al", "target", "intend", "could", "might", "should", "believe" and similar expressions. In par4cular, forward-lookinginforma4on in this presenta4on includes, but is not limited to, statements with respect to: comple4on 4ming andmethod of funding thereof; produc4ve capacity of wells, an4cipated or expectedproduc4onratesandan4cipateddatesofcommencementofproduc4on;futurepaymentofdividends,drillingandcomple4oncosts;resultsofourprojects;theperformancecharacteris4csofproper4es;produc4onlevels;projec4onsofmarketpricesandcosts;supplyanddemandforoilandnaturalgasandcommodityprices;opera4ngcosts,generaladministra4vecosts,costsofservicesandothercostsandexpenses.Forward-lookingstatementsarebasedontheopinions,assump4onsandes4matesofmanagementatthedatethestatementsaremade,andaresubjecttoavarietyofrisksanduncertain4esandotherfactorsthatcouldcauseactualeventsorresultstodiffermateriallyfromthosean4cipatedintheforward-lookingstatements.Althoughmanagementbelievesthattheexpecta4onsreflectedintheforward-lookingstatementsarereasonable,therecanbenoassurancethatsuchexpecta4onswillprovetobecorrect.Thesestatementsarenotguaranteesoffutureperformanceandinvolveknownandunknownrisks,uncertain4esandotherfactorsthatmaycauseactualresultsoreventstodiffermateriallyfromthosean4cipatedintheforward-lookinginforma4onorforward-lookingstatements.TheCompanycannotguaranteefutureresults,levelofac4vity,performanceorachievementsandthereisnorepresenta4onthattheactualresultsachievedwillbethesame,inwholeorinpart,asthosesetoutintheforward-lookingstatements.Theforward-lookingstatementscontainedinthispresenta4onareexpresslyqualifiedbythiscau4onarystatement.Weundertakenoobliga4ontoupdateorrevisepubliclyanyforward-lookingstatementsexceptasrequiredbyapplicablesecuri4eslegisla4on.Theforward-lookingstatementsmadehereinrelateonlytoeventsorinforma4onasofthedateonwhichthestatementsaremade.Thereaderiscau4onednottoplaceunduerelianceonforward-lookingstatements.Someoftherisksandotherfactorsthatcouldcauseresultstodiffermateriallyfromthoseexpressedintheforward-lookingstatementsinclude,butarenotlimitedto:generaleconomiccondi4onsintheCanada,theUnitedStates,Guatemalaandglobally;industrycondi4onsincludingfluctua4onsinthepriceofoilandgas,governmentalandenvironmentalregula4onoftheoilandgasindustry;geological,technicalanddrillingproblems;unan4cipatedopera4ngevents;theabilitytoretaindrillingrigsandotherservices;theavailabilityofcapitalonacceptableterms;4mingofcapitalexpenditures,compe44onforsuitableproper4estoacquire,failuretorealizean4cipatedbenefitsofacquisi4onsanddisposi4ons,weathercondi4onsandotherunan4cipatedopera4ngeventswhichcanreduceproduc4onorcausedelays,drillingsuccess, resul4ng reservesproduc4on,ability to4e-inproduc4on,decline rates, commodityprices,exchangerates, interest rates, theneed toobtain requiredapprovals fromregulatoryauthori4es;vola4lityinmarketpricesforcommodi4es;liabili4esinherentinoilandgasexplora4onopera4ons;andchangesintaxlawsandincen4veprogramsrela4ngtotheoilandgasindustryandtheotherfactors.Readersarecau4onedthatthislistofriskfactorsshouldnotbeconstruedasexhaus4ve.Statementsrela4ngto“reserves”or“resources”aredeemedtobeforward-lookingstatementsastheyinvolvetheimpliedassessment,basedoncertaines4matesandassump4ons,thatthereservesandresourcesdescribedcanbeprofitablyproducedinthefuture.Materialassump4onsappliedtotheforward-lookingstatementsandforward-looking informa4oninclude:energymarketsandthepriceofoil,drillingcostsremainingatexpectedlevels;drillingresults,reservesandproduc4onmee4ngexpecta4ons;condi4onofgeneraleconomicandfinancialmarkets;cashflow,futureopera4ngcostsandtheCompany’sabilitytoobtainfinancingonacceptableterms.
• Investedinsidersandagrowingbroadbaseofloyalshareholders
• Profitdriven,lowcost,convenWonaloilandnaturalgasproducer
• 87%ofproducWonisownedandoperatedbytheCorporaWon
• Extensivelandbasewithaninventoryofover300drillinglocaWons
• 6oilandnaturalgasgatheringandprocessingfaciliWesin3coreregions
• Qua^ro’slandisheldbyproducWonwithnocapitalcommitments
TheFoundaWon
TSX.V:QXP 2
q June1,2016§ QXPannouncesYearOverYearIncreaseinReservesof166%§ QXP’stotalprovenreservesincreasedby150%(TP)comparedtoyear-end2014to6.602millionboe,whileProvenPlusProbable
Reserves(2P)were10.977millionboeequa4ngtoayearoveryearincreaseof166%§ QXPfilesdelayedYearEndFinancials,andcompletesacomprehensiveevalua4onofQua>ro(SRD)Innova4onsAcquisi4on
q March1,2016§ QXPsignedagreementtopurchase100%interestintheElCedroLicense,Block6-2012inGuatemala,consis4ngofapproximately
34,723hectares§ Thepurchasepricefortheacquisi4onisCDN$5,470,000,tobepaidthroughtheissuanceof50,000non-vo4ng,ClassC,series3
PreferredSharesatadeemedpriceof$100pershare(“PreferredShares”)andtheassump4onof$470,000inliabili4esrelatedtocurrentworkinprogress.ClosingisscheduledtooccuronorbeforeMay1st,2016.
q February2,2016§ QXP closes previous announced acquisi4on of a 100% interest in certain oil and gas produc4on, facili4es, and lands inWest
CentralSaskatchewanincreasinges4matedrecoverableresourcesinSaskatchewanto18MillionBarrels§ QXPenteredintodiscussionswithaTierOnelenderregardingaproposalforthefundingofa$20milliontermfacilityatarateas
lowas5.45%amor4zedoveraperiodof10years
q January20,2016§ QXPagreestopurchasea100%interestinoilandnaturalgasproper4esinSaskatchewanforanpurchasepriceof$4,150,000§ Theaggregatepurchasepriceof$4,150,000istobepaidthroughtheissuanceof35,000non-vo4ng,ClassC,series3preferred
sharesatadeemedpriceof$100pershare(“PreferredShares”)and$650,000inrestrictedcash,heldondeposit
q December31,2015§ QXPclosespreviouslyannouncedpurchaseofallthesharesofSRDInnova4onsInc.§ QUATTROan4cipatesannualsavingsduetotheelimina4onofalterna4veservicesthroughtheapplica4onandimplementa4onof
SRD's"technology"star4ngin2016willresultinasavingsofapproximately$500,000peryearinthenextfive(5)yeasbasedontheCompany'sexplora4onandproduc4onplansfrom2016-2020.
HighlightsasofJune2016
TSX.V:QXP 3
Forfurtherdetailsandupdatespleasevisitourwebsite:www.qxp-petro.com
*Internales4matesbasedontheaggregateofindependent3rdpartyevalua4onscompletedinaccordancewithNI51-101**YearendIndependentEvalua4oncompletedbyDeloi>eAdvisoryServicesinaccordancewithNI51-101
TickerSymbol
TSX.V:QXP
Average3MonthVolume
46,109
SharesOutstanding(ClassACommonShares-BasicOutstanding)
44,338,754
BookValue
$24,784,994
CorporateProfile
Financial
• $32.06Revenue/boe(TTM)• $15.56Income/boe(TTM)**
OperaWonal
• 105%GrowthinProduc4on• 165%GrowthinReserves
Highlights
TSX.V:QXP 4
**NetofYearendOne-4meAdjustments
CorporateShareStructure
TSX.V:QXP 5
Float(Public)
LeonardB.VanBetuw(CEO,President&Director)
Officers&Employees(Operations&Advisors)
JeffDecter(Director)
ScottMichaelReeves(Director)
DanielS.Harding(Director)
LeonardA.Zaseybida(Director)
TotalBasicSharesOutstanding 44,338,754 100.00%
32,516,422 73.34%
6,889,333 15.54%
2,457,000 5.54%
1,054,000 2.38%
714,665 1.61%
373,334 0.84%
334,000 0.75%
3YearSharePriceComparison-2014to2016
TSX.V:QXP 6
Qua^ro’sfocusisontheCreaWonofValueforthe
ShareholderandisPoisedforExplosiveGrowth
QXP
NEBriWshColumbia
TSX.V:QXP 7
PlayCecil-Halfway-MontneyKegRiver-SlavePointMuskwa-OtterPark
Acreage(net) 54,256
Production(boe/d) 930
YETarget(boe/d) 3,000
CapitalCostMM$ 5.2
2PReserves(Mboe)* 4,222
NEBC
Ø Operated,establishedcashflowwithlonglifereservesØ Lowdecline,highpressure,drygasproduc4onØ 120MMcf/dgatheringandprocessingsystemØ 2,000bbl/dlightoilprocessingcapacity
*3rdpartyevalua4onscompletedinaccordancewithNI51-101
NEBriWshColumbia
TSX.V:QXP 8
WESTERNCANADA–SHALEGASBASINSØ QXPOperatedInfrastructure• Pipelines,processing&compression• 120mmcf/d$160Mreplacementcost
Ø QXPLongTermOpportunity
• 607km2regionalfootprint• Es4matedPrimaryRecovery:8.75Tcf
Ø 64LocaWons–NaturalGas
• Muskwa/O>erParkplay• IP360of6MMcf/d(1,000Boe/d)
Ø 10LocaWons–LightOil
• HalfwayandBaldonnelplay• IP360of100bbl/d
Ø 20LocaWons–LightOilLiquidRich• LowerMontneyTurbiditeplay• IP360of3.6MMcf/d(600Boe/d)
Muskwa/O^erParkHzWellTypeCurve
IP9.4MMcf/d IP180
7.74MMcf/d
IP3606.23MMcf/d
TSX.V:QXP 9
Natural Gas Price** (per mcf.) $2.10 $3.50 $4.50
Operating Cost** (per mcf.) $0.90 $0.92 $0.95
Net Income** (per mcf.) $1.20 $2.58 $3.55
Well Cost** $3,250,000 $3,331,250 $3,414,531
Number Days to Payout - IP 360 of 6.2 mmcf/day 437 208 155
Engineered Minimal Recovery (mcf) 2,500,000 2,500,000 2,500,000
Potential Recovery (mcf) 8,000,000 8,000,000 8,000,000
Engineered Evalution** NPV10% discounted $1,250,000 $2,749,333 $3,791,400
Potential Return** NPV10% discounted $4,000,000 $8,797,867 $12,132,480 ** All Prices in CDN $
EastCentralAlberta
EastCentralAlberta
TSX.V:QXP 10
PlayLeduc,BellyRiver,
MannvilleandViking
Acreage(net) 153,621
Production(boe/d) 950
YETarget(boe/d) 1,800
CapitalCost(MM$) 3.2
2PReserves(Mboe)* 4,109
Ø Cumula4veoilproduc4onapprox.220mbblperwellwithmin.capitalspendØ 3millionboe2PReservesØ 24MMcf/dgatheringandprocessingsystemØ 3,000bbl/dlightoilprocessingcapacity
*3rdpartyevalua4onscompletedinaccordancewithNI51-101
EastCentralAlberta
TSX.V:QXP 11
Ø QXPInfrastructure• Operated,conven4onallightoiland
naturalgas• Operates>350kmofpipelineand
gatheringfacili4es
Ø QXPOpportunity• Drilling
• 12Leduclightoilloca4ons• Remedia4on
• Lowcostpayout<180days• VikingandEllersliesweetgas
Bashaw–LeducNetPay(CI=1m)
LeducReefVerWcalWellTypeCurve
10ver4calwellsaverage
produc4on
TSX.V:QXP 12
Oil Price** (per bbl.) - 28 API $39.00 $60.00 $75.00
Operating Cost** (per bbl.) $8.40 $8.61 $8.83
Net Income** (per bbl.) $30.60 $51.39 $66.17
Well Cost** $1,250,000 $1,281,250 $1,313,281
Number Days to Payout - IP 360 of 120 bbl/day 340 208 165
Engineered Initial Minimal Recovery (boe) 90,000 90,000 90,000
Potential Recovery (boe) 220,000 220,000 220,000
Engineered Evalution** NPV10% discounted $1,279,000 $2,149,647 $2,768,094
Potential Return** NPV10% discounted $3,126,444 $5,254,693 $6,766,452 ** All Prices in CDN $
SWSaskatchewan
TSX.V:QXP 13
PlayMadison,Shaunavon,Bakken,Birdbearand
Mannville
Acreage(net) 129,703
Production(boe/d) 160
YETarget(boe/d) 1,200
CapitalCostMM$ 3.2
2PReserves(Mboe)* 2,645
SouthernSaskatchewan
Ø 100%interestin110,000acresexplora4onpermitØ Established2PReservesover2,4mmbblsØ 6,000bbl/dmedium/heavyoilprocessingcapacityØ 6MMcf/dgatheringandprocessingsystem
*3rdpartyevalua4onscompletedinaccordancewithNI51-101
SWSaskatchewan
TSX.V:QXP 14
Ø QXPInfrastructure• 100%ownedandoperatedheavyoiland
naturalgasfacili4es,including25kmofpipelineand“TuckIn”opportuni4es.
Ø QXPOpportunity• 36loca4onsofremedia4on&drilling• TotalPetroleumIni4ally-In-Place(PIIP)
es4matedat109mmboe
Superb–WasecaChannelNetPay(CI=1m)
100%WorkingInterestin12,375acresofMannvilleRights
WasecaChannelVerWcalWellTypeCurve
12ver4calwellsaverage
produc4on
TSX.V:QXP 15
Oil Price** (per bbl.) - 10.5 API $30.00 $40.00 $50.00Operating Cost** (per bbl.) $10.50 $10.76 $11.03Net Income** (per bbl.) $19.50 $29.24 $38.97Well Cost** $385,000 $394,625 $404,491Number Days to Payout - IP 360 of 65 bbl/day 304 208 160Engineered Minimal Recovery (boe) 68,000 68,000 68,000Potential Recovery (boe) 258,000 258,000 258,000Engineered Evalution** NPV10% discounted $1,084,600 $1,919,179 $2,557,928Potential Return** NPV10% discounted $4,115,100 $7,281,593 $9,705,081 ** All Prices in CDN $
OurGrowingFoundaWon
0
2000
4000
6000
8000
10000
12000
2011 2012 2013 2014 2015
Mbo
e
Year
Reserves–YearendIndependentEvaluaWons*
ProvedDevelopedProducing
TotalProved
TotalProvedPlusProbable
*3rdpartyevalua4onscompletedinaccordancewithNI51-101
TSX.V:QXP 16
FundsOrganicGrowthProducWon(boe/d)
FundsInternaWonalGrowthProducWon(boe/d)
NEBri4shColumbia 1,200 3,000
EastCentralAlberta 1,000 1,800
SWSaskatchewan 800 1,200
Total 3,000 6,000
TSX.V:QXP 17
ProducWonTargets
TargeWngRegionswithLowCostOil&NaturalGasDevelopments
• Consolida4oninthreecoreareas
• 300loca4ons,50bookedand250un-booked
• Operatedfacili4es,providingimmediateeconomiesofscale
• 337,580netacres
SolidBalanceSheethavingDebttoEquityof1:1
Cash–FlowsourExplosivePotenWal
December31,2016–AnnualizedRevenue** $52,178,210
December31,2016–AnnualizedNOI $33,195,102
GeneralAdministra4on@$1.25/boe $2,739,356
BeforeTax,Cash-Flow $30,455,746
**OilpricedatU.S.$32.50W.T.I.andNaturalGaspricedatCDN.$2.30AECO
ThePotenWal,theCapacity
18TSX.V:QXP
andtheInventory
TSX.V:QXP 19
Q u a t t r o # Wells Cost ($M) Capacity Boe/d
Potential (BOE) Per Well
Recoverable Resources (MMBOE)
Operations & Consolidation - 2016 110 4,800 91,136 10.025
Remediation, Tie-ins & Facilities - 2016 40 1,200 30,000 1.200
Heavy Oil 120 4,800 80,000 9.600
Light Oil 50 10,000 500,000 25.000
Natural Gas 80 20,000 1,350,000 108.000
Total 400 40,800 384,563 153.825
$16,800
$48,000
$52,500
$256,000
$376,300
$3,000
TSX.V:QXP 20
…toGrowovertheLongTerm
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
55,000
60,000
-
50
100
150
200
250
300
350
400
450
500
550
600
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
DailyProdu
cWon
(BOE)
MILLIONS
Quattro ExploraWonandProducWon2015-2025
NetRevenues Margin AoerTaxEarnings(netofDividends) BOEPD
Guatemala2017…thenextMaterialMove
TSX.V:QXP 21
OpportunityinPeténBasin Opportunity&GrowthPlan
q Established 100% foreign owned subsidiary to conductbusiness in Guatemala, registered to do business in allfacetsoftheenergysector
q AnnouncesagreementtoacquireintheSouthPeténBasin
“Explora4onandExploita4onBlock6-2012”
q Nego4a4ngtopurchaseaproducingpropertyof254boe/doflightoilinwithsignificantundevelopedpoten4al
q Conduc4ng technical duediligenceonother opportuni4esintheSouthPeténBasinthroughtheapplica4onof3Dand3Cseismicevalua4ontechniquesanddirec4onaldrilling
q Lower risk explora4on and drilling plan to poten4allyexpand produc4on to 10,000 boe/d with $40 million incapitalexpendituresinthreeyears
CobanA
CobanB
CobanC
CobanA
CobanB
CobanC
OilShowsPorosity20%
LaFelicidad–11981
NESW
SeismicSecWonI-82-5
TSX.V:QXP 23
Time(m
s)
2km
Oil Price** (per bbl.) - 32 API $45.00 $60.00 $75.00Operating Cost** (per bbl.) $12.00 $12.30 $12.61Net Income** (per bbl.) $33.00 $47.70 $62.39Well Cost** $4,000,000 $4,100,000 $4,202,500Number Days to Payout - IP 360 of 800 bbl/day 152 107 84Engineered Minimal Recovery (boe) 1,200,000 1,200,000 1,200,000Potential Recovery (boe) 6,000,000 6,000,000 6,000,000Quattro Evalution** NPV10% discounted $8,526,667 $8,526,667 $8,526,667Potential Return** NPV10% discounted $42,633,333 $42,633,333 $42,633,333 ** All Prices in CDN $
ForMoreInformaWon
4110,8258thAvenueSWCalgary,ABT2P2T3
www.qxp-petro.com
TSX.V:QXP
LeonardVanBetuwPresident&CEO
403-984-3917Ext.102
TiandaDranchukBusinessDevelopment
AppendixA-Management
TSX.V:QXP App.A
Principal Title Biography
LeonardVanBetuw• Director&Chairman• ReservesCommi>ee
Chairman,President&CEO
q Over25yearsofexperienceintheresourceindustryprincipallyworkingwithintheGeophysicalindustryasapresidentandCEOq Developedanumberof3Dimagingstrategiessinceitsearlyintroduc4ontotheoilandgasindustryinthe1980sq GraduateoftheUniversityofSaskatchewanreceivingBSc.(Hon.)Geophysics
StaceyLePla-Mar4n CFO
q Heldtheposi4onofJointVentureAccountantwithvariousjunioroilandgascompanies,andasaconsultanttoanumberofsmallandmid-sizedcompanies
q PreviouslyservedasCorporateSecretaryforRailwestCanadaandRailwestU.S.Inc.q ReceivedherProduc4onAccoun4ngDesigna4on(CAPPA)in2000
DianaP.Cubillos FinancialAnalyst
q 14yearsofexperienceinaccoun4ng,finance,andinterna4onaltaxadviseq FormerlyworkedasTaxAdvisoratCommercialBankC.A.;heldtheposi4onofSeniorAccountantatDeloi>eq HoldsaBachelor’sdegreeinAccoun4ngfromSantaMariaUniversity(Caracas-Venezuela)
DanielLuceroErazo Explora4onManager
q Recentexperiencehasbeenfocusedontheadapta4onofhighresolu4onseismicforcoalandhydrocarbonresourcesevalua4onq PreviouslyemployedatKinetexGeosciences,CoalCorpMining,Ferrominera,CarboRioandAndicoalq GraduateoftheNa4onalUniversityofColombia(Bogota-Colombia)withaBScinGeology
BrentMcGillivrayP.Eng. Opera4onsManager
q 25yearsofexperiencewithoilandgascompaniesinWesternCanadaq FormermemberofasuccessfulprivatejunioroilandgasmanagementteamthatsoldWestpointEnergy(formerlySladeEnergy)in
2000,andPointwestEnergyin2003q ProfessionalengineerandmemberoftheAssocia4onofProfessionalEngineers,GeologistandGeophysicistsofAlbertasince1993
H.CraigWillis Consul4ngAdvisor
q RecognizedleaderinDeepWellDesignandMudEngineeringSpecialistforover40yearsq Has been themud engineer and consultant on over 400 deepwells, typically drilling to target depths of 3,500 to over 5,000
meters;recentlyinSyria,theUkraine,Brunei,TunisiaandMexico
LesTochor Consul4ngAdvisor
q Over 20 years of comprehensive financial management experience in both the private and not-for-profit sectors includingenterpriseriskmanagement,treasuryandcashmanagement,internalaudit,supplychainmanagementandfinancialrepor4ngandplanning
q HasheldfinancialmanagementrolesattheUniversityofCalgary,AlbertaHealthServices,TheCalgaryHealthRegionandTransAltaU4li4es
AppendixB-BoardofDirectors
TSX.V:QXP App.B
BoardMember Biography
Sco>ReevesLLB• CorporateSecretary• ReservesCommi>ee• Compensa4onCommi>ee
q PartneratthelawfirmofTingleMerre>LLP;HehasbeenwithTingleMerre>LLPsince2003priortowhichhewaswiththeCalgaryofficeofamajorna4onallawfirm
q Hasactedascorporateandsecuri4escounseltonumerousCanadianandInterna4onalpublicandprivatecorpora4ons, includingoilandgas,technology,miningand industrial issuers,andhaswideexperience inprivateandpublicdebtandequityofferings, corporateacquisi4onsofassetsand/orshares,corporatestructuringanddebtfinancing
q Heiscurrentlyadirectorand/orofficeroftheseveralCanadianpublicandprivatecompanies.q HoldsaBachelorofCommercedegree(Hons.-1990)fromtheUniversityofAlbertaandaBachelorofLaws(Hons.-1995)degreeq Isacurrentexecu4vememberoftheAdvisoryBoardoftheTSXVentureExchangeandtheCanadianBarAssocia4on'sSouthernAlbertaBusiness
Subsec4onexecu4ve
LeonardA.ZaseybidaP.Eng.• ReservesCommi>ee
q BeganhisprofessionalcareerwithHudson’sBayOil&Gasin1955andsubsequentlyprac4sedasaconsultantinWesternCanadaq Formerlymanagedprivateenergy companies thatexperienced success indevelopingoil andgas reserves including interna4onalopera4ons;
Currentlyoperateshisownoilandgasinterestsq HoldsadegreeinGeologicalEngineeringfromTheColoradoSchoolofMinesawardedin1955q Licensedtoprac4ceasaProfessionalEngineerinAlbertaandisamemberoftheAmericanAssocia4onofPetroleumGeologists
JeffDecter• AuditCommi>ee• Compensa4onCommi>ee
q PresidentofIntegrityFinancialCorp.focusedonfinancingsince1998;Over30yearsofexperienceincludingsales,managementandfinancingq Priorto1998,Mr.Decterwasconsistentlyoneofthetop3insalesatana4onalcommunica4onscompanywithofficesinMontreal,Toronto,
CalgaryandVancouver,developingandimplemen4nganumberofmarke4ngstrategiesq Hisexperienceandnetworkofindividualsandorganiza4ons,providesQua>roabroaderfounda4onforindependentadvicepriortomakingany
measuredandaggressiveexecu4onofitsbusinessplan
DanielHarding• AuditCommi>ee• Compensa4onCommi>ee
q Carriesonarealestateprac4ceintheCityofEdmontonandsurroundingareaq ServedasadirectorandwastheChiefFinancialOfficerofLifeSciencesIns4tute(PredecessortoQua>ro)February2003toNovember2011q Pro-ac4veresearcheranddeveloperofadver4singandmarke4ngstrategies.