Value  Vision

Value Vision PowerPoint PPT Presentation


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Short-term Lower-risk heavy oil development drilling in Western Canada Medium-term High return, multi-zone exploration in AlbertaHigh return Nova Scotia reef oil exploration . Dual Growth Oil Strategy. 2. Market Snapshot. TSX-V: FENPublic listing in December 2008Shares outstandingBasic 103,677,023Fully diluted 124,103,517Management/insider ownership:50%Current share price: $0.22 (March 14, 2011)Market capitalization: $22.9 MM.

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Value Vision

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1. Value & Vision

2. Short-term Lower-risk heavy oil development drilling in Western Canada Medium-term High return, multi-zone exploration in Alberta High return Nova Scotia reef oil exploration

3. Market Snapshot TSX-V: FEN Public listing in December 2008 Shares outstanding Basic 103,677,023 Fully diluted 124,103,517 Management/insider ownership: 50% Current share price: $0.22 (March 14, 2011) Market capitalization: $22.9 MM

4. Management Team – Broad and Deep

5. Non-Management Directors

6. Corporate Strengths Broad experience base – ability to tackle our diverse portfolio of opportunities Low-medium risk oil growth strategy in Alberta and Saskatchewan Current production of about 275 boe per day, a 175% increase from end of 2009; weighted 57% to oil 2010 F&D cost: $11,200 per flowing boe Financial discipline; no debt

7. Core Areas

8. Production Growth – On Target, On Budget 8

10. Mervin, Saskatchewan: Waseca Heavy Oil A Key Cash Generating Asset

11. Montgomery, Alberta Area An Exciting Early-Stage Oil Exploration Play 100% WI in 22 contiguous sections (14,080 acres), located approximately 32 km west of Claresholm in Southern Alberta Unique unexplored area of Alberta Land acquired August 21, 2010 at Crown sale: single sections in the immediate area sell for $297-$980/hectare; Forent land cost under $120/hectare Multi-zone potential for large light oil and sweet gas reserves 11

12. Montgomery Area – multi-zone, multi-play potential 12

13. Montgomery Seismic – multi-zone, multi-play potential

14. Montgomery Exploration Program Timeline and Cost Estimates

15. Nova Scotia: Vision & Opportunity

16. Alton Block – Hydrocarbon Rich

18. Gays River Petroleum System Source rock: Lacustrine Horton shales and marine Macumber laminar carbonate with vitrinite reflectance values in oil window

20. Gravity Gradiometry Anomalies Matching Modern Reef Geometries 20

21. Gravity Gradiometry 16 Anomalies Identified as Possible Reef Targets 21

23. Estimating Reserves with Gzz Anomaly Areas and Sproule Determined Values 23

24. 24

27. Long-term Opportunity - Horton Shale Gas Third-party report estimates up to 69 tcf OGIP in Horton shale on Windsor Block Recent shale gas success in Horton in New Brunswick Southwestern work commitment of $47 million; Apache/Corridor $25+ million farm-in Plans: Drill additional delineation wells and shoot supplementary 2D seismic for resource assessment; identify partner

28. Alton Horton Shale Gas – Resource Valuation 28

29. 2011 Forecast $MM Capital budget 4.9 Western Canada (net 2 wells) 0.9 Nova Scotia 4.0 Production Average 2010 Q4 production rate: 300 boe/d Anticipate average 2011 Q1 production of approx. 260 boe/d Corporate Cash flow $MM 2009 (1.0) 2010 (est.) (0.2) 2011 (est.) Break even Debt Nil

30. A Good Time to Invest in Forent Balanced portfolio Short-term value plays Medium-term high return opportunities Long-term unconventional opportunities Prudent management

31. This presentation may include forward-looking statements including opinions, assumptions and estimates of future production, reserves, cash flow and earnings. Forward-looking statements are subject to a wide range of risks and uncertainties. Although Forent Energy Ltd. believes that expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, the volatility of oil and gas prices, the ability to obtain financing, changes in oil and gas acquisition and drilling programs, operating risks, production rates, reserve estimates and changes in general economic conditions. These materials have been prepared for informational purposes only in relation to Forent and are not, under any circumstances, to be construed as an offering of any securities for sale directly or indirectly in any province or territory of Canada, in the United States or in the territories or possessions thereof. Prospective investors should not construe the contents of this presentation as legal, tax, financial, investment or other advice. Each investor should make his own inquiries and consult his own advisors as to legal, tax, financial, investment and related matters concerning the Company and any investment therein. The information presented in this presentation is considered to be accurate; however, there is no expressed or implied representation or warranty as to the accuracy of any such information.

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