Granite Long-term Stability, Organic Growth, Significant Exploration Upside 100% Alberta Bakken Oil player with 100% ownership of land and infrastructure Company-estimated 200 million barrels of conventional original oil in place…
GXO Bakken Asset Legend Granite Land Horizontal Well Gas Injector Vertical Well Gas Pipeline Oil Pipeline G R A N I T E O I L C O R P. 6
Long-Life Development Drilling Inventory 200 MMbbls OOIP(1) Under Expanding EOR LEGEND Gas Injection Well Producing Oil Well Producing Oil Well / Potential Future Gas Injector Future Drilling Location Existing EOR Approval…
Top-Tier Capital Efficiencies 500 TYPE WELL ECONOMICS (3) All-In Capex: 1.2 MM EUR (TPP): 196 mbbls 450 Capital Efficiency: 11,000 IP365 Lateral Length: 1,000 m Year One Average: 108 bbl/d Royalty: FH Sliding 5-30% 400 WTI/WCS…
Rapid Optimization Resulting in Top-Tier Capital Efficiencies with Majority of Development Drilling Ahead 500 2.00 Drilling and Completion Cost (MM) 450 400 1.00 350 300 - Production (bbl/d) 9-24 5-19 10-25…
Driving Down Costs: Fast and Long-term Adaptations to Low Commodities 2014 2015 2016 6.00 5.00 Drilling and Completion Cost (MM) 4.00 3.72 MM 3.00 2.67 MM 2.00 1.42 MM 1.00 - UWI
Gas Injection Enhanced Oil Recovery
Maximizing Recovery and Capital Efficiency Produced gas is re-injected into the oil reservoir to replace production voidage and provide pressure support for producing oil wells Gas injection is the ideal EOR method for Granites…
Prioritizing Pool Re-Pressurization 25000 Pre-2015 Injectors Post-2015 Injectors Existing Injectors Stable Pressure 20000 Injection Pressure (kPa) 15000 10000 5000 0 Production Loss from Injection…
Gas Injection EOR Process Dry Make-up Gas Compressor Compressed Gas Re-injected Separator 25% CO2 Produced Gas Produced Oil + Gas Oil to Sales EOR Basics Injected gas in the top of the reservoir increases/maintains…
Optimizing Drilling for Long-Term Drainage Oil Production Gas Injection 10 m Gas Injected into the Top of the Reservoir Increases Pressure and Oil Mobility Limestone Cap Infill Production Wells at the base of the…
Gas Injection Upside: Swanson River Oil Pool Analog Discovered in Apr. 1957; Drilling development largely completed by 1963 with 55 completed wells Gas injection pilot program started in 1962 in response to rapid pressure declines;…
Future Opportunities
Inventory of High-Impact Development/Exploration Opportunities LEGEND Granite Land Crown Land Acquisition PSK Land Acquisition PSK Option Land Agreement Gas Injection Well Producing Well G R A N I T E O I L C O R P. T S…
Economics
Go-forward Capital Focus: Development Drilling Land Workovers Land 3% Facilities 3% 0% Workovers 7% 3% Facilities 20% Drilling + Completions 74% Drilling + Completions 90% 2016 2017 & Forward G R A N I T E O I L…
Capital Budget Q4 2016 Guidance Q4 2016 CAPEX (MM CAD) 4 Q4 2016 Production (bbl/d) 3100 Monthly Dividend Per Share (CAD) 0.035 Exit Net Debt (MM CAD) 31 G R A N I T E O I L C O R P. T S X : G X O 21
Granite Oil Corp.s Team Management Team Michael Kabanuk President and Chief Executive Officer Michael is a Professional Engineer with 23 years of engineering and management experience in the oil and natural gas industry. Prior to…
Granite Oil Corp.s Team Board of Directors Brendan Carrigy Chair Kevin Andrus Martin Cheyne Michael Kabanuk Henry Hamm Dennis Nerland Bradley Porter G R A N I T E O I L C O R P. T S X : G X O 25
Contact Information Investor Inquiries: Jonathan Fleming Office: 587.349.9118 jfleminggraniteoil.ca Michael Kabanuk Office: 587.349.9123 mkabanukgraniteoil.ca Address: Livingston Place South Tower 432, 222 3rd Avenue SW Calgary, AB…
APPENDIX
Alberta Bakken Development Timeline EOR PILOT Test Secondary Recovery with gas injection EXPLORATION Design Infrastructure for MAXIMIZE RETURNS Alberta Bakken Discovery: Full-Scale Deployment Maximize Oil Recovery Reagan 1-3…
Responsible and Efficient Operator Produced solution gas containing 25% CO2 is recycled and reinjected into the reservoir, diverting an estimated 18,900 tons of CO2(5) CO2 from the atmosphere per year - improving oil recovery…
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