Athabasca Oil Corporation A growth strategy built on material thermal oil sands and light oil developments Assets Extensive positions in Albertas prolific thermal oil sands and light oil resource plays Located in a stable fiscal…
Pillars of Growth, Complementary Assets Light Oil Light Oil barrels of oil Q2 2013 7,250 equivalent per day Thermal Oil production (boe/d) million (MM) acres Land base 2.8 (net) Proved plus 22.0 MMboe probable reserves…
Opportunities Drive Growth Montney Appraisal Development Duvernay Exploration Appraisal Development Slave Point Exploration Appraisal 2011 2012 2013 2014 2015 Prospective High-graded High-graded Prospective Acres…
Montney: Continuous Improvement in a Resource Play Montney Appraisal Identifies 500 High-Graded Locations 65 Montney Horizontal Wells to Date Appraisal drilling has held 95% of land Kaybob West Future development in high-graded…
The Duvernay is a World-Class Resource Select Unconventional Plays In North America World Large in place resource Class High liquid content: 100-350 bbl/mmcf free condensate Resource Initial results compare favorably to the…
AOC in the Heart of the Duvernay Fairway Duvernay Kaybob Land Positions Athabasca Encana/PetroChina Husky Shell Talisman 08-18-64-17W5 Chevron ConocoPhillips Trilogy Cenovus Exxon 20m Isopach 02/02-34-62-20W5…
Focused on Liquids-Rich Gas Pressure (1000 psi) 0 5 10 15 Duvernay Maturity Map(1) 0 AOC Industry 5 Depth (1000ft) Oil Window 08-18 Liquids Rich Gas V 10 02-34 V 06-10 V 8-18 Under-pressured Over-pressured…
Initial Duvernay Results are Very Encouraging 02/2-34-062-20W5 Production Target Well Parameters 3,000 35 (Condensate Gas Window) Production (boe/d) Tubing Pressure Well cost: 10 - 15 MM (D&C) 30 2,500 IP30: 600 1,000 boe/d EUR:…
Duvernay Eagle Ford Comparison Aspect Duvernay Eagle Ford Shale Thickness 15 - 80 m 15 - 85 m Over-pressured Rock 0.60 - 0.90 psi/ft 0.55 - 0.80 psi/ft Thermal Maturity Dry gas Oil Dry gas Oil Water Saturation…
Strategic Ownership of Infrastructure Operatorship to control development pace Ensure flexibility with takeaway options Scalable for future growth Total AOC Battery Capacity Oil Capacity 36,000 bbl/d 48 mmcf/d, Gas…
Duvernay Development Summary 140,000 Natural Gas Production potential to exceed 120,000 Condensate 100,000 boe/d for 10 years Oil 100,000 Production (boe/d) NGLs Inventory of 1,000 wells 80,000 50/50 split between gas and…
Next Steps North Muskwa Caribou Quality Assets Operational Excellence Profitable Growth South Whats Next Muskwa Red Earth 2013/14 Duvernay delineation program Focused Montney development Further Caribou appraisal drilling…