Osum Oil Sands Corp. Building a sustainable oil sands business Balanced portfolio of proven and developing plays Production base established in the Cold Lake region Near term focus on production optimization and maximizing…
Financial Overview Privately held Solid balance sheet supported by strong shareholder group, including Blackstone Capital, Warburg Pincus, KERN, GIC, KIC and two Canadian pension funds Well-capitalized with approximately 200…
Project Portfolio Two core areas of operations - Cold Lake and Saleski Cold Lake Orion is expected to produce an average of 8,000 bpd in 2015 Lower cost operation generating positive field netbacks at prices below US40.00/bbl range…
Cold Lake - Business Advantages Realized Bitumen Price by Region 1,2 C old L ake A thabas ca A thabas ca 60 Pipeline Orion R ail 50 40 34 27 30 20 20 10 0 B itumen B lend P rice (W C S ) Quality D ifferential v s . W C S…
Cold Lake - Orion Orion SAGD project acquired from Shell in July 2014 Assets include a production facility, 5,120 acres of land, and 22 well pairs Production averaged 8,000 bpd over the last 5 months of 2014, up more than 18%…
Cold Lake - Production Growth Plans Strong base of 70,000 profitable commercial Potential production at Orion 60,000 R egulatory Opportunity to 50,000 Approval Producing significantly increase production through 40,000 B…
Saleski - Significant Opportunity Grosmont carbonates Over 4 Billion bbl (net) Best Estimate Contingent Resources (per GLJ)1 Thick, laterally extensive oil columns Stacked target zones Material first mover position Partnered in…
Focus Moving Forward Expand our commercial production base at Cold Lake Orion production optimization to approach 10,000 bpd nameplate capacity Orion Phase 2 (10,000 bpd) and Taiga Project Phase 1 Facility (12,500 bpd) are near term…
Short Term Capital Requirements Operating cash flow and cash on hand will fund current operations and corporate costs, including debt service Orion Phase 2 will be funded with an appropriate level of debt and equity but once on…
Summary Building a sustainable oil sands business Well-capitalized with a solid balance sheet supported by strong shareholder group, including Blackstone Capital, Warburg Pincus, KERN, GIC, KIC and two Canadian pension funds Good…
Orion SAGD Oil Sands Project - Cold Lake, Alberta
Operating Results A ctual A ctual Q4 2 014 Q1 2 015 C hang e B itumen P roduction 1 bbl/d 8,286 8,370 1% W TI U S /bbl 73.15 48.56 -3 4% C old L ake B lend U S /bbl 57.72 32.31 -4 4% D ifferential % 21% 34% D ifferential U S /bbl…
Balance Sheet A ctual A ctual C M illion Q4 2 014 Q1 2 015 C hang e 1 W orking C apital S urplus 208.5 199.6 -4 % L ong T erm D ebt O uts tanding 2 241.0 262.4 9% 3 B as ic S hares O uts tanding 130.4 130.4 0% 1 I ncludes 100…
Reserves Cold Lake Saleski 1 Other Total Reserves and Resources (MMbbls) Proven Reserves 2 47 47 Proven + Probable Reserves 2 486 485 Best Estimate Contingent Resources (net) 2 167 3,888 234 4,289 Before Tax Present Value 10%…
Board of Directors Name / Title Relevant Prior Experience Richard (Rick) George, OC Former CEO & Director of Suncor Energy Chairman Director of the Royal Bank of Canada, Anadarko Petroleum, and Penn West Exploration (Chairman)…
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