Value Growth through the Bitumen Carbonates Corporate Presentation May 2014
The Value Proposition Poised to Well Experienced Focused Scale & Growth Realize Capitalized Team Exposure Potential Significant Value Over 300 million of Team with a track Strategic position 18 billion bbl OBIP Grosmont pilot…
Well Capitalized Over 1 billion of equity raised to date from a shareholder group capable of supporting the Company well into the future 313 million of net working capital(1) as at March 31, 2014 2 large Canadian Funds 2…
Experienced Team Steve Spence P. Eng. President & CEO - Over 25 years of experience in oil and gas in Canada and abroad Osums Board of Directors, led by - Worked with Shell for 19 years gaining extensive engineering and management…
Focused Exposure Saleski Carbonates 4 billion bbl Best Estimate Contingent Resources Over 700 km2 (270 mi2) of largely contiguous land Saleski JV Pilot project in operation (40% WI) Saleski JV Phase 1 commercial project approved…
Scale & Growth Potential Demonstrated Growth Osum Reserve and Resource Progression Osum Reserve and Resource Profile Bnbbls Total OBIP 18 Bn bbl (GLJ) 5 4 3 2 4.36 Bn bbl Best Es,mate Con,ngent Resources (GLJ) 1 0 359…
Poised to Realize Significant Value Osum Unrisked Value Potential 2013/12/31 GLJ Basis 200 Unrisked NPV BT 10% Per Basic Share (1) 175 150 High Estimate Contingent 125 Resource PV10 100 75 Best Estimate 50…
Poised to Realize Significant Value Corporate Growth Strategy NEAR TERM (1-2 years) Initiate Commercial Development Objective - Taiga Phase 1 execution (12,500 bbl/d) - Start building commercial production base - Sepiko Kesik…
Poised to Realize Significant Value Potential Production Osum has full regulatory approval to develop 40,000 Capacity Estimated Project (net bbl/d) First Oil bbl/d (net) of production capacity in two project areas Saleski JV 115,000…
The Taiga Project Steam rising from Imperial Oil central processing facilities immediately west of the Taiga Project. OSUM OIL SANDS CORP Investor Presenta,on 11
The Taiga Project Key Attributes High Quality Reservoir Predictable & continuous shoreface reservoirs High Degree of Project Definition 12,500 bpd Phase 1 and 45,000 bbl/d of potential 359 Mln bbl probable reserves (104 Mln bbl BEC…
Saleski Saleski The Grosmont Carbonates Large resource Thick, laterally extensive oil columns Stacked target zones 100 km Grosmont Formation Estimated 406 Billion Barrels OIIP - ERCB Reserves and resources…
Saleski The Grosmont Carbonates High oil saturations High vertical and horizontal permeability due to fracturing OSUM OIL SANDS CORP Investor Presenta,on 14
Saleski Recovery Process Concept Work with proven commercial process and adapt to Grosmont Cyclic Steam Stimulation (CSS) is being modified to fit the reservoir Existing fracture network provides a path for steam to spread through…
Saleski We have placed ourselves at the forefront of a massive opportunity Osums Carbonate Strategy Build material first mover position Target the southern portion of the trend which is closest to infrastructure Partner in the…
Saleski Pilot Proving bitumen recovery from the Grosmont C & D Formations Cyclic steaming process using CSS principles being tested Drilling and completions techniques have been tested and proven effective 5 producing wells at…
Summary of Pilot Results - P2C Well Example 2C Cycle ProducWon P2C well provides good example of 1400 integrating lessons learned in first years 1200 of pilot operations (1C and 1D wells) 1000 Oil Rate (bbl/d) 800 Cycle…
Saleski Joint Venture Phase 1 Demonstration of Commercial Performance With the knowledge obtained to date from the pilot project, Osum and its partner have the confidence to move forward to the first phase of commercial development…
Sepiko Kesik (SK) Leading the Way to Large Scale Commercial Development of the Carbonates 100% owned and operated by Osum 971 million barrels of Best Estimate Contingent Resources One kilometer from the operating pilot knowledge…
Saleski West & Liege Growth Potential 100% owned and operated 2 billion barrels of Best Estimate Contingent Resources Delineation to meet lease renewal requirements (MLE) substantially complete Plans to prove the potential…
Summary Near-term milestones that will result in additional material value realization: Additional Saleski JV Pilot results Sanction and construction of a Saleski commercial demonstration project Sanction and construction of Phase 1…
The Value Proposition Poised to Focused Scale & Growth Realize Well Capitalized Experienced Team Exposure Potential Significant Value Over 300 million of Team with a track Strategic position 18 billion bbl OBIP Grosmont pilot…
Board of Directors Richard (Rick) George, OC - Chairman Former CEO & Director of Suncor Energy Angelo Acconcia Managing Director, Blackstone Capital Partners Vincent Chahley Independent Businessman George Crookshank Independent Energy…
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