Market Facts Trading Symbols TSX GXO OTCQX GXOCF Monthly Dividend Per Share () 0.035 Financial Highlights Market Capitalization (MM) As at closing 11/9/2016 154 Credit Facility (MM) 60 Net Debt (MM)* 29.3 Net Debt : Cash…
Granite Strategy Focus on creating long term shareholder value and returns from a top tier oil resource How Organically ourselves 100% ownership in everything Maximize oil recovery Under a full-scale, highly effective and proven…
GRANITE ASSET Top-Tier Oil Asset Company-estimated 200 million barrels of conventional original oil in place (OOIP)(2) under full scale Gas Injection Enhanced Oil Recovery (EOR) Scheme with a large, high-impact drilling…
Building a Free Cash Flow Machine Look After it from the Beginning Managing for the Long-Term 200 mmbbls(2) discovered and delineated Gas injection EOR tested, optimized and fully established All long-term facilities and…
Maximizing Shareholder Value and Returns Development & Exploration with Production Maintenance & Capital Wind Down to a Low Decline Measured Growth 4000 25.00 Average Daily Production (bbl/d) 3500 20.00 3000 Free Cash…
20 Year Drilling Inventory LEGEND Gas Injection Well Producing Oil Well Potential Future Gas Injector Future Drilling Location Existing EOR Approval Area Future EOR Expansion Area Capital Per Well Total Capital Number…
Relentless Cost Reductions Engineering-Driven and Permanent 2014 2015 2016 6.00 Avg = 3.72 MM Avg = 2.67 MM Avg = 1.35 MM 5.00 Drilling and Completion Cost (MM) 4.00 3.00 2.00 1.00 -
Original EOR Area Case Study: Figuring it Out Before Drilling it Up EOR Expansion & Full-Scale Development / Recovery 5.0 1800 Infill Development 4.5 1600 Pilot EOR 4.0 1400 Primary Decline 3.5 EOR 2.5 Section Case Study…
2014 2015 2016 Improving Efficiencies Average Total Capex per Well (MM) 3.7 2.67 1.35 Average WTI (USD/bbl) 93 49 42 Operating Netback (CAD/bbl) 44.64 24.73 20.74 EUR (mbbl) 268 238 196 Average Horizontal Well Length (m) 2900 1850…
TYPE WELL ECONOMICS (3) Continuing to Improve All-In Capex: 1.2 MM EUR (TPP): 196 mbbls Capital Efficiency IP365 : 11,000/bbl Horizontal Length: 1,100 m Year One Average: 108 bbl/d Royalty: FH Sliding 5-30% 500 WTI/WCS WTI FX ROR…
Expanding Inventory of Development/Exploration Opportunities Finding the Next One Growing Pool with Significant Exploration Potential: 3 mm/year of high impact delineation and exploration projects identified for 2017 Acquired…
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…
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…
Prioritizing Pool Re-Pressurization Through 1H 2016, GXO focused its resources on pressure maintenance and EOR expansion, which required the shut-in of approximately 290 bbls/d of oil production as nine producing wells were…
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;…
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…
The Team
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 23
Contact Information Investor Inquiries: Michael Kabanuk Office: 587.349.9123 mkabanukgraniteoil.ca Address: Livingston Place South Tower 432, 222 3rd Avenue SW Calgary, AB T2P 0B4 24 Hour Emergency Number: 1.877.919.5145
Appendix
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) 4.2 Q4 2016 Production (bbl/d) 3000 - 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 28
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