Corporate Overview Over 190,000 net acres focused in west central Saskatchewan Over 2 billion barrels of OOIP 10% recovery to date 1,100 wells drilled to date 850 vertical/directional 250 horizontal NBRI has a future drilling…
2014 Corporate Highlights 1. Drilled 234 wells. 2. Grew average annual production to 20,724 boe/d in 2014. 3. Q4 production averaged 22,808 boe/d, an increase of 15% over Q4 2013. 4. In 2014, NBRI added 13.4 million boe of PDP…
NBRI Historic Average Daily Production 25,000 Average Daily Production Volumes (boe/d) 20,000 15,000 10,000 5,000 0 2010* 2011 2012 2013 2014 *Adjusted to reflect impact of asset exchange with Husky in 2011.…
2015 Progress Report In response to reduced WTI prices the 2015 drilling program was significantly reduced. Typically, NBRI would drill up to 250 wells per year. To date, only 4 wells have been drilled with the yearend target being…
A Combined Look at Cactus Lake, Winter & Coleville 1. Nearly 600 wells have been drilled since August 2010 in these 3 areas. 2. Production has grown by 22% CAGR since 2010 through 2014. 3. Q1 2015 production was 13,427 boe/d (60% of…
Robust Economics 100 90 80 Before Tax Rate of Return (%) 70 60 50 40 30 20 10 0 40 45 50 55 60 65 70 75 80 Wellhead Price (/bbl) Cactus WF_FC Coleville Viking FC (Light Oil) Winter North Winter Main Winter…
Cactus Lake Review May 2015 9 Northern Blizzard Resources Inc.
Cactus Lake Value Creation Bakken oil accumulation located 135km south of Lloydminster NBRIs largest field by production and reserves March Production: 7,977 boe/d NBRI value creation to date through: OOIP: 389 MMbbl Bakken infill…
Cactus Lake Repeatable Development Type Curve Evaluation Rate vs Time 40 35 Calendar Day Oil Rate (bbl/d) 30 25 20 15 10 5 0 0 6 12 18 24 30 36 42 48 Month Type Curve 2011 (30 wells) 2012 Q1Q3 (71 wells) 2012 Q4…
Cactus Lake Production Growth 8,000 Current Rate 7,000 Average Daily Production Volumes (boe/d) 6,000 5,000 4,000 3,000 2,000 1,000 0 2011 2012 2013 2014 May 2015 13 Northern Blizzard Resources Inc.
Cactus Lake Well Inventory Half Way There DOOIP Incr. DOOIP % New 3D Events MMbbl MMbbl Increase Seismic 2014 (1) 371 2015 (2) 389 18 5% Cactus Drilling Inventory 350 300 250 Well Count 200 150 100 50 0 Within…
Cactus Lake Polymer Update Bakken Polymer Performance Update Phase 3A commissioned March 2015 Total injection rate 45,225 bbl/d March 2015 Cactus Lake Polymer Injection 50,000 Bakken Sparky 45,000 40,000 Project MMbbl Sparky…
Cactus Lake Polymer Flood Production Bakken Polymer Flood Highlights Polymer Flood Oil Production Wedge VS Budget Initial injection Q4 2012 Polymer mixing facility capacity in place to accommodate 1,400 full field expansion (New…
Winter Review May 2015 17 Northern Blizzard Resources Inc.
Winter Production Growth 4,500 4,000 3,500 Average Daily Production Volumes (boe/d) 3,000 2,500 2,000 1,500 1,000 500 0 May 2015 18 Northern Blizzard Resources Inc.
Winter Dina/Cummings Channel Operators Dina/Cummings Channel System NBRI Strong bottom water drive resulting in aggressive coning 600+ Million Barrels which controls recovery (7.4% RF to date) OOIP of 600+ million barrels on…
Winter Value Creation Repeatable Horizontal Drilling 25m horizontal development has been Winter Type Well Economics technically validated 180 Winter South Sec 21&22 Winter South Sec 21&22 w/ Facility 150 Winter Main Type Well NBRI…
Coleville Review May 2015 21 Northern Blizzard Resources Inc.
NBRI Viking 10,000 Acres in Proven Fairway May 2015 22 Northern Blizzard Resources Inc.
Coleville North Viking Production and Locations Drilled to date (20) 100 Coleville North Viking Average (20 Wells) 90 Coleville North Sec 24 (12 Wells) Q3 2015 (8 wells) Coleville North Sec 15 (6 Wells) 80 Calendar Day Oil…
Coleville South Viking Production and Locations 110 Drilled to date (23) Coleville South Viking Average (23 Wells) 100 Calendar Day Oil Production (bbl/d) Coleville South East (22 Wells) Q3 2015 (2 wells) 90 Coleville South…
Production Growth from Cactus Lake, Winter & Coleville 14,000 Current Rate 12,000 Average Daily Production Volumes (boe/d) 10,000 8,000 6,000 4,000 2,000 0 2011 2012 2013 2014 May 2015 25 Northern Blizzard…
SAGD Review May 2015 26 Northern Blizzard Resources Inc.
SAGD Development Repeatable Opportunities Cactus Lake SAGD Plover Lake SAGD Received Brought online Aug regulatory 2014 approval OOIP: 150 MM Barrels Thick, blocky sands Startup in Q4 2016 up to 18m thick Up to 21m thick…
Husky Analogs The Prize Pad Pad Pad 5 Pad 3 4 Pad 5 Pad 2013 2 1 Pad 3 2011 Pad 4 2012 Pad 2 Pad 1 Bolney 2008 2006 Sands 12 20m thick Est. original field OOIP: 45 MMbbl Field RF to date: 19% Well Pair EUR 650 1,450…
Plover Lake SAGD Production Explanation Under injected steam Subcool went to 0 Reduced inflow Need to reestablish Back to balanced Startup Established Lowered steam interface inflow operation May 2015 29 Northern Blizzard…
Thank You May 2015 30 Northern Blizzard Resources Inc.
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