VALUE I GROWTH I INNOVATION TD Securities Calgary Energy Conference 2014 Glen Schmidt President and CEO July 9, 2014
Re-Shaping Albertas Oil Sands An established in situ producer with two projects producing Advancing commercial development of the Grosmont Formation and Grand Rapids Formation in the west Athabasca region July 9, 2014…
Laricina Advantages Third largest pure play holder of oil sands resource in Canada(1) Significant, High Quality In 540,000+ bbl/d net production potential, with medium term target of 42,500 bbl/d net Situ Asset Base 3.9 bn of…
Unique Assets, Long-Term Value Concentrated operations at Germain and Saleski, achieve key synergies In close proximity to transportation infrastructure, Volumes marketed to CENOVUS GRAND RAPIDS PROJECT nearby truck and rail…
Financial Flexibility Working capital at June 30/14 220 million, including 150 million from recent debt issuance provides financial flexibility Estimated 90 million left to spend in 2H 2014 capital and operating spending program…
Success at the Saleski Pilot Saleski pilot February 2014 Proven commerciality calendar day oil rates, SOR, costs Pilot providing roadmap to commercial production at Saleski Phase 1 Repeatable, predictable performance Recipient…
Achieving Drilling Cost Targets in the Grosmont 35 Lateral Saleski Phase 1 drilling target is Intermediate conservative based on recent 3D 30 7.3 MM experience Surface Continuous cost improvement Drilling Duration Per Hole…
New 3D Well Producing Comparatively to 2C Well Short first steam cycle for 3D, small slug of steam Demonstrated competitive thermal efficiency and productivity New 3D well performing comparatively to 2Cs first cycle 3D first…
Saleski Phase 1 Commercial Plan Grosmont initial projections: 600 800 bbl/d combined C and C-SAGD: Single well horizontal cyclic recovery D zones, SOR < 3.0 Current management cost estimate, gross full cycle (drilling, facilities,…
Demonstrating Commerciality at Germain Small-scale project intended to progress understanding in the Grand Rapids, test and demonstrate project execution, start-up procedures, well placement and recovery processes Germain CDP…
Production and Well Placement at the Germain CDP Production slowly ramping *Forecast Recovery Factors up in wells placed in the bitumen zone 70% 1.6 1.5 Three wells producing 60% 1.4 1.2 in bitumen zone (fourth 50%…
Germain CDP Per Bitumen Well Forecast vs Actual Production* Per well type curve for bitumen wells SAGD and SC-SAGD Well-pairs 8, 9 and 10 producing as expected *Laricina forecast and production as at July 8, 2014. July…
Germain CDP Production Timeline Extended production ramp-up of bitumen well Fourth well-pair scheduled to be converted this summer Solvent addition scheduled for Q3/Q4 2014 Shift in production ramp-up by 6 12 months, targeting to…
Projects Producing in the Grosmont and Grand Rapids Saleski pilot has proven the Grosmont can produce bitumen on a competitive, commercial scale Germain CDP is latest and largest SAGD project producing bitumen in the Grand…
Significant Definitions In this presentation the reserve and recoverable resource numbers, along with the net present values given, are as defined in the report of GLJ Petroleum Consultants Ltd. (GLJ) regarding certain of Laricinas…
Contact Us Laricina Energy Ltd. 800, 425 1st Street SW Calgary, Alberta T2P 3L8 403-750-0810 www.laricinaenergy.com laricinalaricinaenergy.com July 9, 2014 NEXT STEPS 18
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