Corporate Snapshot MEI on TSXV MKRYF US OTC CAPITALIZATION Market Capitalization at 0.45/share 38 million Common Shares Outstanding 85,089,784 Options (wgt avg exercise price of 1.82/share) 5,447,433 Insider Ownership, Undiluted /…
Corporate Growth Strategy Focus on Underexploited Conventional Reservoirs with Large OOIP Using latest drilling and completion technology to unlock oil reserves; Competitive Advantages in Core Areas Competition has been minimized with…
Continued Production Growth Despite Lower Oil Price Environment Average Production Volumes by Quarter (boe/d) 7,000 Acquisition of 1,800 Disposition of dry natural boe/d (55% oil) for 61.5 gas assets of 777 boe/d million at oil…
Almost All of the Upside with Lithic Glauc Drilling Inventory in SE Alberta is not Booked in Reserves 159 Hz Lithic Glauc Drilling Locations 1 Freehold lands with 17.5% royalty; 28 locations at Carseland alone; Beiseker Wayne - 2 110…
Economic to drill Carseland and Wayne Lithic Glauc Plays at Current Low Oil Prices 2 horizontal Lithic Glauc wells tested at combined flowing rates of over 1,565 boe/d (649 bbls/d of 40 API oil); 16-32 well with IP30 rate of 820 boe/d…
Significant Upside in Reserves with BQ Drilling Inventory not Booked to Date 137 Hz Basal Quartz Drilling Locations 28 Hz drilling locations at Carseland; Beiseker Wayne - 81 locations at Wayne and 28 locations in Beiseker and…
Exceptional Exploration Success Proves Plays Top 10 Horizontal Glauconitic Producing Wells in Southern Alberta Rank Unique Well ID IP 30 IP 60 IP 90 Current Operator Name Spud Date 1 100/16-32-022-25W4/00 820 750 - Manitok 18-Sep-14 2…
Wayne Facility Provides Greater Control of Operations and Production 1 mile west of Highway 9 by the Horseshoe Canyon Lookout Tourist Site Constructed in 1993 as a zero emission pro-ration oil battery Includes acid gas injection Wayne…
Battery Surrounded by Drilling Locations 51 locations (30 Lithic Glauc and 21 BQ) within a 5 mile radius of Wayne 1-20 battery location; An additional 30 locations if extended to a 8 mile radius to total 90 locations; Short…
Revised Land Agreement Provides Greater Opportunity and Flexibility Revised Agreement with PrairieSky Royalty Ltd. (PSK TSX) and acquisition of petroleum and natural gas rights on additional lands in exchange for 4% Stolberg GOR Adding…
Stolberg Drilling Upside and EOR Plan Identified potential production upside of 4,950 boe/d (45% oil) remaining: Cordel Trend Cardium Oil 15 (6.8 net) wells; +2,350 net boe/d; Mannville Gas 4 (3.5 net) wells Stolberg F pool +2,600…
Stolberg Cardium F Pool - EOR Project TVD (m) 1200 1350 Horizontal Cardium F Pool Gas Injector Gas Cape Height 275 meters 1500 CURRENT GAS OIL CONTACT 1650 533m Cardium Sand Reservoir Thickness 15 meters Cardium F Pool…
Stolberg Cardium F Pool - EOR Project 18
Manitok Play Sensitivity at Various Fixed Oil Prices Manitok Play Type Sensitivity to Oil Price 200% 180% 160% 140% 120% Carseland LG ROR 100% Wayne LG Cardium 80% Basal Quartz 60% 40% 20% 0% 40 45 50…
Hedging at September 11, 2015 Subject of Notional Average Contract Contract Quantity Remaining Term Reference Strike Price Traded Oil 1,000 bbls/d January 1, 2015 to December 31, 2015 CAD WTI 95.00 Swap Oil 500 bbls/d January 1, 2015 to…
Comparables MEI Trading at a Discount to Peers NBF Energy Compsheet (1) 9/10/2015 Ticker P/CF EV/DACF EV/boe/d EV/boe P/NAV 2016e Hedging 2016e CFPS D/CF 2015e 2016e 2015e 2016e 2015e 2016e (/boe) (x) Oil Gas Sensitivity 2015e 2016e…
Appendix 22
Wayne Acquisition Solidifies MEIs Competitive Position in the Area Total Purchase Price: 61.5 million Effective April 1, 2015; Closing June 1, 2015 Base production (est. June 1, 2015): 1,800 boe/d 1,005 bbls/d oil; 114 bbls/d NGL 4.1…
2014 Entice Exploration Drilling Program Very Successful Lithic Glauc Vertical & 2 horizontal Lithic Glauc wells tested at planned Hz offset wells Beiseker combined flowing rates of over 1,565 boe/d (649 bbls/d of 40 API oil); MEI…
Large Scale Opportunity at Entice R25 R24 R23 New Pool Log Mannville well density plotted on map Leads 55 have T30 Swallwell Nisku Pools Wayne-Rosedale BQ been identified. Wbmn Swalwell Cum 5 Nsku Wayne A Pool (Ellerslie) D-1 A…
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