Peters & Co. Limited 2012 Energy Conference September 11 13, 2012
AOC An Oil Resource Developer Light Oil Thermal Oil Birch Grosmont Grande Prairie Dover Dover West Fort McMurray Grande Prairie Kaybob Hangingstone Simonette 2.0 million acres(1) 5 large thermal oil asset areas…
Complementary Oil Assets Complementary Oil Assets Total Production Goal Thousands of barrels equivalent per day Shareholder Value Short-term cash 200 Long-term value 100 Portfolio Access Diversification to Capital &…
Five Large Thermal Oil Assets 1.6 million acres (net) 12 Resource billion barrels Grosmont Carbonates 10 Dover West Carbonates 8 Hangingstone 6 Contingent Birch Resource (best estimate) Sands 4 Dover West…
Light Oil Development Plan - Infrastructure 2012/2013 Infrastructure Development Kaybob East Battery Development Area On Stream Dec. 2012 Additional High-Graded Acreage Oil Capacity 13,000 bbl/d Gas Capacity 12 mmcf/d Kaybob…
Duvernay Regional Framework Horn River Kaybob Duvernay After Dunn et al., 2012 A A After Blakey A A Duvernay Shale Devonian basin in-fill Restricted basin results in anoxic environment where kerogen is preserved Low…
Regional Duvernay TOC High-Graded Duvernay Rights 20m Isopach excluding clean carbonate V AOC Vertical wells AOC Horizontal wells V V V V * Map was generating using 165 data points from both CBM solutions and…
Regional Duvernay T-Max High-Graded Duvernay Rights 20m Isopach excluding clean carbonate V AOC Vertical wells AOC Horizontal wells V V V V * Map was generating using 165 data points from both CBM solutions and…
Duvernay Cross-Section Debris Flow Debris Flow Carbonate package discernible on 3D seismic Low clay content, high quartz and carbonate content results in very brittle rock 10
Regional Duvernay Activity AOC Duvernay 20 metres Duvernay Isopach (Net of Carbonate) 07-18 HZ: Final rate of 390 bbls/d & 1.5 MMcf/d (650 boe/d) after 16.5 days flowing Retested 08-18 HZ (previously 07- 18 HZ): Final rate of 650…