Peters & Co. 2013 Energy Conference September 11th, 2013 Building Value in Canadas Oil Sands
Resource Disclosure The resource estimates contained herein were extracted from reports prepared by Sproule Unconventional Limited (Sproule), an independent engineering firm. The preparation and disclosure of the Corporations reported…
SilverWillow Highlights On April 4, 2012, SilverWillow Energy Corporation commenced operations as a result of a plan of arrangement between SilverBirch Energy Corporation and Teck Resources Ltd. The SilverWillow management team is…
A B Audet 100% W.I. In Situ Potential B Birch Mountains 100% W.I. In Situ C Potential A C D Jordan 100% W.I. Husky Sunrise D Other 100% W.I. In Situ Potential Overview of SilverWillow assets in Athabasca Oil…
Audet Progress Update Preliminary caprock assessment program and reservoir engineering completed Testing and simulation indicates steam containment by McMurray shale caprock for low pressure SAGD scheme operating at 1,350 kPa…
Audet Progress Update (cont.) Design Basis Memorandum for 12,000 b/d Project Approaching Completion Reservoir and geo-mechanical studies substantially complete; Design and plot plan frozen and equipment list finalized; Well pad layout,…
Audet: Estimate of Oil Sands Thickness 10kms 81 core holes drilled Depth to top of oil sands ranging from 100 to 200 metres 9
Audet: A High Quality Reservoir 02-15-098-03W4 Weight % 150 0 20 McMurray 160 From Core 170 Analysis 180 190 200 Devonian Core and well log data to date indicate: Average bitumen saturation: 80% (based…
Comparative In Situ Reservoir Parameters Avg Native Developed Net Pay Avg Avg Reservoir Reservoir Reservoir Thickness Permeability Bitumen Avg Pressure Pressure Target Project Company Depth (m) (m) (Darcies) Saturation Porosity (kPa)…
Audet Notional Development Plan 2013-2017 Conclusions from Preliminary Studies Commercial scale SAGD development feasibility validated on Audet lease SilverWillow Near Term Activities Complete DBM for 12,000 bpd commercial scheme…
Birch Mountain Exploration 25 core holes drilled and evaluated since 2006 (7 core holes on uplands) Immediately adjacent to thick bitumen deposit at Frontier Mine Project Prospective in Wabiskaw D & Middle McMurray formations…
Birch Mountain Work Plan 2012 / 2013 Approximate Quaternary Erosional Limit Completed a desktop geological study of the McMurray Formation of the area Completed an exploration seismic acquisition program comprising 78km of 2D…
Cash Forecast for 2013 millions Actual opening working capital, as at Jan 1, 2013 25.0 LESS Cash Outflows Audet Lands* 12.4 Birch Mountains (seismic) 4.8 Corporate G&A 4.1 Projects (lease costs) 0.3 Sub-Total 21.6 PLUS Cash Inflows…
Key Takeaways Discovered Resource base of 1.85 Billion bbls1 at Audet Best Estimate of Contingent Resources 68 Million bbls 1 Additional resource upside potential in Birch Mountains Experienced leadership team with proven…
www.swenergy.ca SilverWillow Energy Corporation 3100, 715 5th Avenue SW Calgary, AB T2P 2X6 T 403 538 7030 F 403 538 7033 SilverWillows use of low impact seismic clearing TSX-V: SWE 17
Audet Lands Background In early 2010 UTS conducted a geophysical survey to assess the resource potential of the new lands In conjunction with existing geological data, results from this program indicated significant resource…
Managing a World Class Resource Key Issues Facing Small Developers Market Uncertainty market access/transportation, product pricing, diluent cost/availability Regulatory timelines SAGD approvals 18-24 months Evolving…
Audet: A High Quality Reservoir Results1,2 from laboratory coring programs to date indicate: Target formation: McMurray Average porosity: 35% Average bitumen saturation: 80% Permeabilities: predominantly in the range 6 to 18 Darcys…
Resource Summary Audet: 1.85 B barrels Discovered Bitumen Initially-in-Place1 Of the above Discovered Resources, Sproule has assigned a best estimate of Contingent Resources to the Audet Lands of 68.4 million barrels of recoverable…
Audet Schematic 22 22
SilverWillow Book Value & Share Statistics Book Value (June 30, 2013): Current Assets millions Cash and cash equivalents 8.9 Accounts receivable 0.1 Prepaid expenses 0.2 9.2 Exploration and Evaluation Assets 114.8 Property and…
www.swenergy.ca SilverWillow Energy Corporation 3100, 715 5 Avenue SW Calgary, AB T2P 2X6 T 403 538 7030 F 403 538 7033 www.swenergy.ca 24
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