Corporate Information Current Production 1,100 boepd Production tested and not tied-in 2,200 boepd (includes 13-19, 8-18, & 8-22) Cash and working capital as of March 31, 2016 53 million (includes 12 million new gas plant equipment…
Upper and Lower Montney 3 Distinct Areas: Develop/Delineate/Explore Doe Development Drilled 3 Lower Montney Turbidite wells to date (B4-19, Two Rivers C4-19, 13-19) Explore Recently announced 13-19 tested at 1,290 boepd 16-30…
Lower Montney Turbidite Play NW Alberta NEBC Pervasive deposit spans townships of land Two Rivers BC AB. Developed more extensively in Alberta side Recent drilling in BC proves high productivity of liquids-rich gas 13-7…
Lower Montney Results vs. Expectation Montney Hz Well Performance Indicator Type Well Drill & Case (K) 2,000 Complete (K) 2,100 Tie-in (K) 400 Total (K) 4,500 Liquids Gas Total Year 1 Avg. Q (boe/d) 138 373 511 Recoverable…
Lower Montney Sensitivity * * Based on drill, complete and equip costs (DC&E) of 4.5 million per well vs pad drilling estimated at 3.7 million DC&E per well Page 7
Lower Montney Turbidite Comparison British Columbia Alberta Leucrotta Doe Greater Town Greater Septimus Greater Swan Greater Pouce Coupe Greater Kakwa Economic - Assumptions Lower Montney TD Focus Area 1 TD Focus Area 2 Turbidite…
Doe Lower Montney vs Other Montney TD Montney Focus Areas High IRR & EUR TD Focus Area Area 1 (Greater Town) Area 2 (Greater Septimus) Area 3 (Greater Swan) Area 4 (Greater Pouce Coupe) Area 5 (Greater Kakwa) Area 6 (Doe Lower…
Infrastructure and Take-Away INFRASTRUCTURE 25 mmcf/d sweet gas plant Spectra/Westcoast 63 mmcf/d Alliance meter Gathering Line station Licensed salt water disposal well Leucrotta Licensed acid gas inj. well Gathering Lines…
Why Leucrotta Low capital costs combined with high IPs and high EURs make the Lower Montney Turbidite play one of the highest ROR projects in North America High GOR light oil and liquids-rich gas places Leucrottas lands in the sweet…
Management & Directors Directors Management Robert J. Zakresky, CA Robert J. Zakresky, CA - President and CEO John A. Brussa, B.A., LL.B. Terry L. Trudeau, P. Eng. - VP Operations and COO Donald Cowie Nolan Chicoine, MPAcc, CA - VP…