2012 CAPP Investment Symposium December 10 12, 2012
Corporate Overview
AOC An Oil Resource Developer Light Oil Thermal Oil North Caribou Muskwa Birch Birch Grosmont Grosmont South Muskwa Red Earth Dover Dover Dover West Dover West Grande Prairie Grande Hangingstone Hangingstone…
Corporate Profile /Share Comments Shares Outstanding 415.7 million(1) FD shares at September 30, 2012 Current Market Capitalization 5.5 billion 13.18 Price at September 28, 2012 Net Working Capital 1.0 billion(2) 1.17 Net working…
Strong Asset Growth Proven up over 13 billion barrels of in-situ contingent resources since 2006(1) 50% of AOCs Probable Reserves (360 million boe total) expected to be developed within the next five years Best Estimate 2P +…
Complementary Oil Assets Complementary Oil Assets Total Production Goal Thousands of barrels equivalent per day Shareholder Value 200 Short-term cash Long-term value 100 Portfolio Access Diversification to Capital &…
Leadership Sveinung Svarte CEO 25 years experience Dover OpCo Bryan Gould Rob Harding President CFO 30 years experience Don Verdonck 20 years experience Executive Senior VP, Dover Operating Corp. 35 years experience Anne…
Thermal Oil
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…
Hangingstone Asset Overview Hangingstone 0.1 billion bbls Probable Reserves(1), 0.9 billion bbls Contingent Resource(1) Project 1 Development Area (Best Estimate) Development potential of Hangingstone is 80,000 bbls/day Project 1…
Hangingstone Development Plan Regulatory Energy Resources Conservation Board and Alberta Environment & Sustainable Resource Development approved the development of Project 1(12,000 bbls/d) Engineering FEED is complete, detailed…
Hangingstone Project 1 Project 1 Base Facility 12,000 bbls/d Central Processing Facility 4 well pads each with 5 wells per pad (Total 20 well pairs) Design SOR 3.5 536 million development budget (44,700 per flowing barrel) 14
Birch Birch Birch Athabasca 100% interest Production potential of 155,000 bbls/d bitumen Winter program 2011/2012 22 delineation wells 52 km2 of 3D seismic (Prospective Resource) Regulatory application work under way for…
Dover West Sands Dover West Sands Athabasca 100% interest 0.1 billion bbls Probable Reserves(1) 2.9 billion bbls Contingent Resource(1) Sands (Best Estimate) Leduc Project potential of 270,000 bbls/d bitumen for more than 30…
DoverDover West Carbonates (Leduc) West Carbonates (Leduc) Development Synergies Contains 17 billion bbls bitumen(1) in place (Best Estimate PIIP) 2.8 billion bbls Contingent Resource (Best Estimate) based on SAGD(2) Pursuing…
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
Light Oil AOC has accumulated 2.7 million acres Light Oil in successful land sales and acquisitions North Muskwa Caribou South Muskwa Red Earth Grande Prairie Grande Prairie Kaybob Saxon/Placid 20
Light Oil Development Plan Kaybob East Battery 2012/2013 Infrastructure Development On Stream Dec. 2012 Oil Capacity 13,000 bbl/d Development Area Gas Capacity 12 mmcf/d Additional High-Graded Acreage Trilogy Kaybob 63 km Gas…
Regional Duvernay Activity With Ro Maturity 20 metres Duvernay Isopach (Net of Carbonate) AOC Duvernay 08-18 HZ Test: Final rate of 650 bbl/d & 65 bbl/d of NGLs (800 boe/d) Drilled 1 vertical Duvernay (core) Peak Oil High-Graded…
Creating Value
Next Five NextYears Five Years 2012 2013 2014 2015 2016 Funding Light 5 7 9 12 15 Oil Operating Rigs Cash on hand, cash from Hangingstone Project 1 Development operations, reasonable level DW Sands Project 1…
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