Annual General and Special Meeting of Shareholders May 8, 2014
A Unique Opportunity in Alberta A growth strategy built on material light oil and thermal oil sands developments Assets Extensive positions in Albertas prolific thermal oil sands and light oil resource plays Strategic ownership in…
Pillars of Growth, Complementary Assets Light Oil Light Oil barrels of oil Q1 2014 6,300 equivalent per day production (boe/d) Thermal Oil million (MM) acres Land base 2.7 (net) Proved plus 33.0 MMboe probable reserves…
Financial Overview TSX : ATH ( millions Cdn, unless otherwise stated) 2014 Capital Budget(7) Market Capitalization(1) 3,193 ( millions) Shares Outstanding 401.1 million 14 Fully diluted 423.6 million Officer & Director Holdings 7.6…
A Focused and Disciplined Program in 2014 Thermal Oil Fort 2014 capital budget: 354 MM McMurray Hangingstone Project 1, first steam, end of Q1 2015 Construction of Hangingstone regional infrastructure Hangingstone Light Oil…
Kaybob drilling operation Duvernay Overview
The Duvernay is a World Class Resource Select Select Unconventional Unconventional Plays Plays In In North America North America World Large in place resource Class High liquid content:100-700 bbl/mmcf free condensate Resource…
AOCs Activity to Date 8-29 Hz. Planned on-stream: July 2014 13-23 Vert./C 4-29 S/C/Hz. Planned on-stream: July 2014 16-36 S/C/Hz. Completion: Q3 2014 Planned on-stream: Jan. 2015 8-18 S/Hz. On-stream: Jan 2, 2013 Cum. prod.…
Defining the Duvernay Fairway Kaybob West Kaybob East Acreage 52,000 ac Acreage 113,000 ac Locations 295 Locations 640 NPV/well 10 17 MM NPV/well 5 15 MM Saxon/Simonette Acreage 53,000 ac Locations 300 NPV/well 13 20…
Material, Multi-Year Development Duvernay Projected Daily Production 140 Potential for production to exceed 120 100,000 boe/d for 10 years Daily Production (Mboe/d) 100 Inventory of 1,000 wells 80 50/50 split between gas and…
Hangingstone CPF under construction Hangingstone Overview
Hangingstone Development Resource Hangingstone Regional Development Map 225 MMbbl reserves(1) 782 MMbbl contingent resources(2) Fort McMurray Development Project HS1 12,000 bbl/d First Steam end Q1 2015 Project HS2A 8,000 bbl/d…
Drilling & Reservoir Results to Date Application of Industry Best Practices 5m of separation as per design One delineation well per SAGD pair High resolution 3D seismic Integrated workflow providing optimal reservoir planning and…
Development Economics 1,000 15,000 Approved In Construction 800 10,000 Hangingstone Project 1 600 400 5,000 First steam end Q1 2015; 12,000 bbl/d (MM) (bbl/d) 200 Plateau production 12,000 bbl/d in 2016 0 0…
Future Growth
Development and Exploration Opportunities Grosmont 400 MMbbl(1) (AOC interest) Apply recovery mechanisms being tested by industry Birch Slave Point Slave Point 2.1 Bbbl(1) 675,000 acre land position Potential of 150,000 bbl/d…
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