Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
Boulder (Land base) Vermillion BonTerra Whitecap Peyto Tourmaline ARC Lightstream Sinopec Pennwest Perpetual Boulder Energy Ltd. 5 cardium pool outline
2013 SPROULE Discovered Oil in Place Un-Discovered Oil in UBR C RESOURCE STUDY* (mbbls) Place (mbbls) UBR C Mid 295,197 71,865 UBR D UBR C Lower 1,738 56,829 UBR D 129,688 81,268 UBR F 139,980 61,428 UBR F UBR G Upper 7,136…
Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
HZs Drilled Potential HZ Horizon to Date Locations UBR C 28 90 UBR D 15 104 UBR F 2 75 UBR G 2 56 BBR A 1 26 BBR B 0 28 BBR C 8 37 BBR Marine 4 15 TOTAL 59 431 Boulder Energy Ltd. 11
DTD = 28 INV. = 90 UBR C UBR D DTD = 15 INV. = 104 DTD = 2 INV. = 75 UBR F BBR C DTD = 8 INV. = 37 DTD - Drilled to Date INV - Inventory of locations Boulder Energy Ltd. 12
600 2014 2013 2012 500 2011 Daily Production Rate (boe/d) 400 300 Per Well 2011 2012 2013 2014 200 Fracable 19 Pay (m) 708 1087 1807 1945 Percent in 100 Zone 76 70 69 78 Frac Stages 13 15 18 20 0 Tonnes Per…
50,000 300 Capital 45,000 Efficiency Capital Efficiency (/IP365 boe/d) IP365 250 40,000 41,000 Production (IP 365 Boe/d) 35,000 200 30,000 29,000 25,000 150 24,000 20,000 100 15,000 10,000 50 5,000…
(Spud after 01-Jan-2012) Cumm. Wells in Boulder Percentage Drilled Production Area Wells by Boulder 10,000 bbl 1059 42 4% 50,000 bbl 210 17 8% 75,000 bbl 41 8 20% 100,000 bbl 9 3 33% Boulder Energy Ltd. 15
Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
14000 12000 10000 Production (boe/d) 8000 6000 4000 2000 0 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 est. Capex of 45 MM 2H 2015, 117 MM 2016, 139 MM 2017 Boulder Energy Ltd. 17
600 2014 Actual Well Definitions 2015 Type Curve 500 Well Cost 4.5 MM 2016 Type Curve 320 Mboe (80% oil & EUR NGLs) 400 Capital 24,500 /(boe/d) Production (Boe/d) Efficiency Royalty: Crown + 7.5% 300 2014 Year 1 250…
600 2014 Actual 500 2016 Type Curve Productin (Boe/d) 400 300 200 100 Economics based on 2016 projected type curve, not actual 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 ECONOMICS 50 USD/BBL…
Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
4.5 mm/well 3.5 mm/well Boulder Boulder 2H 2015 2016 2017 2H 2015 2016 2017 Budget Budget WTI projection 50 60 70 WTI projection 50 60 70 45 118 139 36 95 113 Capex Capex MM MM MM MM MM MM Number of wells 9 23 26 Number of wells…
4.5 mm/well 3.5 mm/well Boulder Boulder 2H 2015 2016 2017 2H 2015 2016 2017 Budget Budget WTI projection 50 60 70 WTI projection 50 60 70 45 118 139 45 118 139 Capex Capex MM MM MM MM MM MM Number of wells 9 23 26 Number of wells…
Light oil resource play Wells drilled to date 8000 boe/d 59 horizontal 44 API 7 Belly River intervals Reserves Top Tier Metrics 74 PUDS at YE 2014 YoY improved type curves 33.0 mmboe booked reserves YE 2014 Increasing capital…
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