Building A Premier Oil Company Corporate Presentation December 2016
Marlowe Asset: Significant Resource Play Multi-zone light oil play with over two billion barrels of OOIP THE Play is profitable at 40 WTI Production growth to 30,000 BOED PRIZE in the next 5-7 years 350 million invested to date 50…
Muskeg Zone High Quality Conventional Reservoir 14-18-122-23W5 03-35-124-22W5 1370m TVD / -705mSS Net Pay: 6.2m, Por: 9.3% 6 MMbbl/section OOIP 1300mTVD/-670mSS Net Pay: 10m, Por: 12% 12.5MMbbl/section OOIP Well Cored…
Muskeg Zone: Excellent Well Results Legend Well 04-33 Muskeg Wells Well 09-24 503 BOED Future Drills Well 06-24 737 BOED 545 BOED Key Wells Phase 4 Well Test Rate Phase 3 Well Test Rate Phase 2 Well Test Rate Well…
Evolution of Muskeg Development Phase 1: 2012 Phase 2: 2013 Phase 3: 2014/15 Phase 4: 2016 Proof of Concept Trials & Assessment Repeatable & Reliable Increased Productivity Per Stage Drilled NE-SW: Direction of Drilled NW-SE…
Costs/Stage Reduced by 70% Significant improvements in drilling & completions Drilling longer wells faster Drill & Completion per stage costs reduced by 70% Picture of 15-14 Pad Drilling Operation: 14-22 Well: 3550 TMD ; Spud to…
Operating Cost Improvements HISTORICAL PRODUCTION COST 2014 2015 2016E Total OPEX ( MM) 21 15 12 Total Production (BOED) 2,562 2,372 1,750 OPEX + Trans Costs (/BOE) 22.47 17.29 19.00 Costs at Marlowe have been reduced by 45%…
West Marlowe: Predictable Well Performance * BOE include Raw Gas Volumes 6:1 ratio 9 9
Marlowe Economics: Profitable at 40 WTI 200% Rate of Return 150% Type Curve Phase 4 100% Total Capital Cost 3.25 MM 50% 0% IP30 BOPD/BOED Sales 330 / 475 40 45 50 55 60 WTI Oil Price (US/BBL) IP 365 BOPD/BOED Sales 170 / 244 Payout…
Conceptual Development Profile Maintain 30,000 boe/d for over 10 years 35 wells/year 30,000 Production (boe/d) 20,000 10,000 - ESTIMATED YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7+ PRODUCTION Wells Drilled…
Appendix 12 TSX: SOG
Marlowe Infrastructure: 9-17 & 1-28 Plant Sites Shop / Ware- Oil Control house Helipad Hangar 9-17 Facility Details Tank Room Sour Processing Facility Power Master Farm Amine Generation Gas Facility Startup: 1999 Skim Tanks &…
Marlowe: Multi-Horizon Potential for Oil Development DEVONIAN Steen River Slave Pt. 115ft Sulphur Pt. 30 ft LEGEND Keg River HC Zones 90 ft Clastics Shales Muskeg Evaporites 60 ft Carbonates * ERCB Stratigraphic…
Loading...
