Athabasca Hydraulic Fracturing Operation at Simonette Corporate Overview
AOC An Oil Resource Developer Light Oil Thermal Oil [Athabasca Ownership] [Athabasca Ownership] North Caribou Muskwa Birch Birch Grosmont [100%] Grosmont [50%] South Muskwa Dover Dover West Dover Dover Red Earth West…
Corporate Profile /Share Comments Shares Outstanding 419.8 million(1) FD shares at March 31, 2013 Current Market Capitalization 3.8 billion 9.09 Price at March 28, 2013 Cash, Cash Equivalents & 0.8 billion 1.80 At March 31,…
Athabasca TAGD Facility Thermal Oil
Five Large Thermal Oil Assets Contingent Resource (Best Estimate) 12 billion barrels 1.5 million acres (net) Grosmont 10 Carbonates Dover West 8 Carbonates Hangingstone 6 Contingent Birch Resource (Best Estimate)…
Hangingstone Asset Overview Resources Athabasca 100% interest 0.1 billion bbls Proved plus Probable Reserves(1), Project 1 Development Area 0.9 billion bbls Contingent Resource(1) (Best Estimate) 80,000 bbls/day production…
Hangingstone Project 1 Field Data Base Facility 12,000 bbls/d Central Processing Facility Design SOR 3.5 4 well pads each with 5 wells per pad (Total 536 million development budget (44,700 per 20 well pairs) flowing barrel) and 27…
Hangingstone Project 1 - Cost Performance 563.2 Mln Cost Incurred 109.4 Incurred + Budget on track with +50% of Committed Performance Mln 294.8 Mln Project costs committed Field construction started after Progress 80% complete…
Dover West Dover West Sands 0.1 billion bbls Probable Reserves(1) 2.9 billion bbls Contingent Resource(1) (Best Estimate) Development potential of 270,000 bbls/d Dover West Carbonates Contains 17 billion bbls bitumen(2) in…
Dover West Projects Dover West Sands 12,000 bbls/day project approval expected Athabasca 100% interest 2013 Sands Carbonates Project 1 area consists of stacked McMurray and Wabiskaw sands with pay thickness of TAGD Pilot…
TAGD Field Development Stages Commercialization Industrial Application Pilot Confirm recovery Well length = 1600 m Field Test Confirm energy balance Proof of Concept Heater installation/ operation Well length = 400 m Prove…
Light Oil Development ALBERTA Light Oil Grande Prairie Grande Kaybob Prairie Edmonton 0 20km Saxon/Placid Calgary 16
AOC Light Oil Infrastructure Keyera Simonette Gas Plant Kaybob East Kaybob Pipeline Interconnect Kaybob West 63 km Gas Pipeline Up to Saxon/Placid Gas Capacity 180 mmcf/d Total Battery Capacity Oil Capacity 36,000…
Three Core Montney Areas Future Montney Plans High-grade locations Drive continued cost reductions Kaybob West 21 Montney wells Optimization Operational efficiencies Technical Improvements: Hz. Length, spacing, tonnage, fluid…
Continuous Improvement in a Resource Play Montney Drilling Costs 7,000 Sixty-four wells drilled to date 6,000 Cycle Times have decreased 20% Drilling Costs, k 5,000 with an increase in average Hz. length 4,000 Costs have…
The Duvernay is a World-Class Resource World Large in place resource Class High liquid content: 100-350 bbl/mmcf free condensate Resource Initial results compare favorably to the Eagleford Acreage in heart of liquid-rich Kaybob…
AOC Duvernay Position in the Kaybob Area Duvernay Kaybob Land Positions Peer Group Land Athabasca Encana/PetroChina Husky Shell 08-18-64-17W5 Talisman Alta Energy Partners Chevron ConocoPhillips Trilogy Cenovus…
What Makes the Duvernay Work AOC Producing Duvernay AOC Duvernay Rights Duvernay Licence Duvernay Producer/Test Pyrolysis/XRD Measured Ro Oil Verified by production: liquids yield Window Liquids Rich Gas V Pressure…
Initial Duvernay Results are Very Encouraging 02/2-34-062-20W5 Production 2,500 Production (boe/d) Target Well Parameters (Condensate Gas Window) Well Cost: 10 - 15 MM (D&C) 2,000 IP30: 600 1000 boe/d EUR: 600 1000 Mboe Liquid…
Product Egress in Kaybob Area Total AOC Battery Capacity Oil Capacity 36,000 bbl/d 48 mmcf/d, Kaybob East Gas Capacity expandable to 130 mmcf/d Keyera Simonette Kaybob West SemCAMs KA Saxon/Placid 63 km AOC Gas…
Long Term Resource Options - Exploration Caribou 2012/13 Exploration Effort AOC Wells AOC Seismic Slave Point Emerging Play 3 Vertical Approx 300 kms All Cored 2D Proprietary 675,000 acre land position Proven analog oil plays: Evi,…
Light Oil - Building A Path To Value North Our Goal Muskwa Caribou Becoming a Top Tier E&P Operator Quality Assets Operational Excellence Profitable Growth South Muskwa Red Earth Next Steps 2013/14 Duvernay Delineation Program…
Kaybob West Battery Creating Value
Next Five Years* 2013 2014 2015 2016 2017 Light Oil Operating Rigs 7 7 to 12 annually Hangingstone Project 1 Thermal Oil Hangingstone Project 2 Dover West Sands Project 1 Dover West Sands Project 2 Dover West Leduc…
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