GROWTH LIGHT OIL PRODUCTION & RESERVES August 2012
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Corporate Objectives FOCUS ON LIGHT OIL Conventional reservoirs provide near term cash flow Steen River: Keg River, Sulphur Point Resource plays provide the reserve growth Maxhamish: Chinkeh, 500+ MMbbl OOIP Amber: Muskwa, Jean…
Steen River and Amber NW Alberta Oil Fairway Steen River Sulphur Point (37 API) Continuous Sheet Dolomite Horizontal well Play 900 m Keg River (34 API) 1000 m Conventional vertical wells Amber Reefal Mounds 8
Steen Keg River Vertical Wells 400 On IP30 Months on Current(1,2) Well Production Boe/d Production Boe/d 350 2H 2011 Drilling Program 100/15-22 11-Nov 185 9 115 102/15-22 11-Dec 355 8 445 100/14-18 11-Dec 130 8 35 300 2012…
Steen Sulphur Point Horizontal Wells Northern Rim Eastern Rim Well Tested: Western Rim 1st Horizontal IP20: 150 boe/d 30 boe/d Vertical Well: 2nd Horizontal well Drilled 50 boe/d DCE&T (MM) 2.6 IP30/IP90 (boe/d ) 150/140 IP365…
Steen Sulphur Point Horizontal Wells On IP30 Months on Current(1) Well Production Boe/d Production Boe/d 2H 2011 Drilling Program 102/11-22 11-Dec 150(2) 7 75 2012 Drilling Program 104/15-22 12-May 90 (2) 3 70 1) Current rates…
Maxhamish Horizontal Multifrac Wells 100 sections (38.5% WI in 68,000 acres) OOIP 500 MMbbls; 42 API oil Extensive sheet sand mapped using 140+ wells, 25+ cores Depth: 1600m, Thickness: 4 m Porosity: 16%; Perm: 4 md 6.5 miles Four…
Amber M 36,800 net acres with two reservoirs which overly a t each other and both in oil generation window u r Jean-Marie Limestone e o Muskwa (Duvernay) Shale il F a i r w a y Jean Marie Muskwa (Duvernay) Shale Play…
2012 Outlook OUTLOOK 2011A 2012E Average production (boe/d) 948 2,400 Exit production (boe/d) 1,600 3,000 % Oil + NGLs 77 85 Development capital (MM) 42 60 Wells drilled (net) 6.8 17 Operating netback (/boe)* 20 44 Cash flow (MM) 0.9 32…
Strategic Today Three core areas focused on light oil 2,583 boe/d (87% oil) production Operating Cash Flow of 10 MM/quarter 184,000 net acres (150,000 net acres undeveloped) Drilling inventory of over 200 wells Well financed and…
Management / Board MANAGEMENT TEAM Arn Schoch Chairman Gurpreet Sawhney, MSc, MBA, PEng President & CEO Sean Hayes, PhD, PGeol COO Kirk Boote, PEng EVP Engineering Shelina Hirji, CMA VP Finance Jeff Huckle VP Operations Barbara…
Contact Information INDEPENDENT RESERVE GLJ Petroleum Consultants Gurpreet Sawhney ENGINEERS President and CEO AUDITORS Deloitte Dir: 403.767.2949 Cell: 403.606.3727 LEGAL Norton Rose Canada LLP gsawhneysogoil.com BANKING Alberta…