Corporate Presenta,on August 2017 Presented at: August 2017
MULTI-ZONE LIGHT OIL RESOURCE PLAY 2 BILLION BARRELS OF LIGHT OIL UNDER DEVELOPMENT IN MUSKEG ZONE Over 4 Billion barrels of light oil in stacked zones High quality conven3onal reservoir Protable drilling at 50 WTI 400,000…
MARLOWE: UNIQUE ASSET WITH STACKED PAY OVER 4 BILLION BARRELS OF LIGHT OIL IN STACKED ZONES Single Pad Mul3-Forma3on Development Large structural trap created by the impact of an Asteroid 100 million years Slave ago that is…
MUSKEG - HIGH QUALITY CONVENTIONAL RESERVOIR 14-18-122-23W5 EXTENSIVE AND CONTINUOUS 2014 Muskeg well - 09-24 20% Porosity 0% 1300mTVD/-670mSS Net Pay: 10m, Por: 12% 2016 Muskeg well - 14-35 12.5MMbbl/sec3on OOIP Well…
2017 MUSKEG WELL RESULTS TOP TIER OIL PLAY IN CANADA SIX OF THE LAST EIGHT WELLS MADE TOP WELL LIST IN ALBERTA August 2017 6
WELL TYPE CURVE & ECONOMICS RATE OF RETURN OVER 70% AT 50 WTI MUSKEG TYPE CURVE Total Capital Cost ( MM) 3.5 IP30 BOED Sales 440 IP 365 BOED Sales 240 Reserves (MBOE) 400 F&D (/BOE) 8.75 WTI Oil Price US 50 Payout…
EVOLUTION OF MUSKEG DEVELOPMENT Phase 1: 2012 Phase 2: 2013 Phase 3: 2014/15 Phase 4: 2016/17 Proof of Concept Trials & Assessment Repeatable & Reliable Increased Produc,vity Proved Oil & Gas Produc,on Tested Various Drilling and…
CONTINUOUS IMPROVEMENT IN MUSKEG WELL PERFORMANCE 2000 40 Stages Hz Length 30 HZ Length (m) Stages 1000 20 10 0 0 1 2 3 4 5 Stage of Development 800 120 Cum 1 year IP30 Cum 1 yr Prod (MBOE) 600…
DOMINANT LAND POSITION & INFRASTRUCTURE CONTROL 400,000 ACRES OF LAND 100% working interest All petroleum & natural gas rights Connected via pipeline, highway & rail Canada & US HIGHWAY & RAIL Strategic…
OWNERSHIP & OPERATORSHIP OF FACILITIES INFRASTRUCTURE WITH REPLACEMENT VALUE 500 MILLION 100% owned and operated Underu3lized oil & gas plant capacity for future growth Sour gas and water handling on site BISTCHO PLANT STEEN…
YEAR ROUND OPERATIONS Spring Summer Fall Winter August 2017 12
SCALABLE GROWTH PLAN PRODUCTION GROWTH TO 30,000 BOED OVER 7 YEARS Drill with one rig and grow to a two rig program 250 wells drilled over 7 years (1/3rd of Muskeg Drilling Inventory) Outspend Cash Flow for rst four years at…
CORPORATE SNAPSHOT ENTERPRISE VALUE IS A SMALL FRACTION OF RESOURCE POTENTIAL No bank debt Tightly held ownership group Trading Symbol TSX-V: SOG Reserves booked on only 15% of Muskeg acreage 485 million in tax pools Shares…
CORPORATE INFORMATION MANAGEMENT TEAM RESERVE ENGINEERS McDaniel & Associates Consultants Gurpreet Sawhney President & CEO Cody Smith COO AUDITORS Deloi]e LLP Aaron Thompson CFO LEGAL Norton Rose Fulbright Canada LLP Doug…
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