Northern Spirit Resources Inc. Corporate Presentation July 2015 NS.V
Board of Directors Kevin R. Baker, Q.C., President and Chief Executive Officer Calfrac Well Services Ltd., Century Oilfield Services Inc., Loncor Resources Inc., Bowview Petroleum Inc., Landover Resources Ltd. Robert G. Jennings, CFA…
Management Team Kevin R. Baker, Q.C., President and Chief Executive Officer Director of Calfrac Well Services Ltd. Served as President and CEO of Century Oilfield Service Inc. from August 2005 until November 2009 Served as President…
Corporate Snapshot www.northernspiritres.com NS.V Current Stock Price 0.05 Basic Shares Outstanding (M) 353,276 Market Capitalization (MM) 18 Net Current Debt (MM) 0.5M Insider Ownership 35% Credit Facility Available (MM) 6.0…
Business Strategy Focused, East Central Alberta oil producer with 90+ gross low risk, high impact drill ready development locations 16,455 net acres of undeveloped land Targeting Middle Mannville (Sparky / Rex) depths 700-900m…
Wildmere Sparky Oil Development 2 sections, 75% average WI 1 section, 25% working interest section, 100% working interest 35+ section HZ Sparky Locations Horizontal IP 60 - 150 bopd No fracture stimulation required EOR candidate…
Monitor Sparky Oil 10+ HZ locations identified 6.3 MMbbls 24 API OOIP Offset vertical production EOR candidate 8
Klein South Oil Development 3.25 Crown sections 4 producing Sparky HZ Wells 11+ identified Sparky HZ locations Horizontal IP 50-80 BOPD 23 API medium gravity oil EOR candidate 7
Klein North Oil Development 1 section 100% WI crown Sparky Formation (850m TVD) 3 full length HZ drilled July 2014 4 additional development HZs. Horizontal IP 150 - 200 BOPD EOR candidate 27 API medium gravity oil Offset land…
Cadogan Sparky Oil Development 1 Crown section, 100% working interest 4+ horizontal locations (Sparky, GP, Dina) 28 API oil Horizontal IP 100 150 BOPD 9
Sounding Lake Sparky Oil Dev. 1 Section, 25% WI Sparky Oil, 28 API. 850m TVD HZ Development Well drilled July 2014 2+ Follow up locations (Hz) Offset wells initially produced up to 240 BOPD 12
Provost Town Sparky/Rex Oil 1 Crown section, 100% WI 1 FH Section 100% WI Multiple locations (Sparky and Rex) 28 API oil Planning vertical step-out wells and probable horizontal development 10
Klein Dina Oil Dina H7H Pool OOIP 3.9 MMbbls Current RF: 4.2% Oil Left to Recover: (10% RF): 227 Mbbls 3+ HZ drill locations 14
Cactus Cummings Oil Development 3/4 section 100% WI crown 12 API oil Vertical IP 30 80 bopd Horizontal IP 100+ bopd 11
Bowden Pekisko Light Oil 2 net sections Vertical IP 100+ bopd Horizontal IP est. 300+ bopd 47 API light oil 3D seismic acquired 12