Economics : Leasehold Map
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Saskatchewan: Decline Mitigation & OHML Innovation
Strong excess cash flow generation bolstered by enhanced oil recovery and new technology implementation
CORPORATE PRESENTATION
Allocating 20% of 2024 budget which is expected to generate annual
average production of 55,000 boe/d (95% oil & liquids) Viewfield Waterflood & OHML
Expected to generate 50% of corporate excess cash flow in 2024 Recent OHML Wells (8-legs)
Peak 30-day rate: 300 bbl/d (100% oil)
Decline Mitigation
Low decline rate as a result of commitment to decline mitigation
projects, including waterflood and polymer floods
Melrose
Low F&D costs, attractive long-term economics and enhanced EURs
CRESCENT POINT
Unit
Stoughton Forget
Completed 50% of injector conversions across Saskatchewan since Innes Unit Unit
Kisby Unit
initiating waterflood program with opportunity for additional conversions Unit
Huntoon Unit
Open-Hole Multi-Laterals (OHML)
Improving returns by applying new OHML drilling in Viewfield
Enhances EURs, economics and capital efficiencies
Has delivered organic inventory additions with the potential to Viewfield Bakken Pool Boundary Recent OHML Wells
implement the technology in other areas within the asset portfolio Waterflood Unit Boundaries
OHML: open hole multi-lateral. F&D: finding and development. EUR: estimated ultimate recoveries. 22
Crescent Point Energy Corp.
December 2023
Torquay / Three Forks
Light Oil Resource Play
Large Oil-in-Place1 5 mmbbls / section
50 net prospective
Land sections
Depth 2100 2300m
Oil Quality 40 API sweet
Well Spacing 4 wells / section
Undrilled Locations2 150 net
Booked Locations 77 net
Revised 2020 Budget 5 (4.0 net) wells
1) Consisting of discovered and undiscovered PIIP internally estimated by TORC
2) Internal estimates
High Netbacks Drive Attractive Economics
10
TORC Oil & Gas Ltd.
December 2020
SE SASKATCHEWAN LAND POSITION
MISSISSIPPIAN
Entered SE Saskatchewan in 2014, and
expanded position with acquisition of
Spartan Energy in 2018
Land base covers over 500,000 net acres
DEVONIAN
with approximately 85% working interest TORQUAY /
THREE FORKS
Identified over 1,600 net drilling locations*,
including extensive inventory in both the
non-fracd and fracd Mississipian
formations
2P reserves totaling 152.0 mmboe**
Potential for 60 mmbbls net waterflood
recovery on acquired Spartan lands, with
potential for further 33 mmbbls net EOR
recovery in Lougheed Midale waterflood
project, based on internal estimates
OUR LAND POSITION IN SASKATCHEWAN PROVIDES ACCESS TO SIGNIFICANT LIGHT OIL RESERVES
* Net drilling locations as evaluated by GLJ Petroleum Consultants Ltd. (GLJ) in a report dated February 10, 2020 with an effective date of December 31, 2019. See Appendix A of Vermilions 2019 AIF for further details on the chance of
development, chance of discovery and other country specific contingencies. (See Advisory). ** Proved and proved plus probable reserves and net drilling locations as evaluated by GLJ Petroleum Consultants Ltd. (GLJ) in a report dated February
10, 2020 with an effective date of December 31, 2019. See Appendix A of Vermilions 2019 AIF for further details on the chance of development, chance of discovery and other country specific contingencies. (See Advisory). 56
Vermilion Energy Inc.
May 2020