CORPORATE SNAPSHOT ENTERPRISE VALUE IS A SMALL FRACTION OF RESOURCE POTENTIAL No bank debt Trading Symbol TSXV: SOG Tightly held ownership group Shares (basic) 1 46.4MM Reserves booked on only 15% of Muskeg acreage 500+ million…
Q1/2018 GOALS & RESULTS FirstQuarter 2018 Goals Restore / Improve Muskeg Well Productivity Improve Well Cost Profile Test Well Design Changes for a Future Goal of 3.1MM/well FirstQuarter 2018 Results 2 Wells Successfully…
WEST RIM MUSKEG TYPE CURVE AND ECONOMICS West West West Inboard Rim Rim (BOED) West Outboard Inboard* Outboard* 500 Capital Cost (MM/well) 3.1 3.1 450 400 Reserves/well (MBOE) 330 250 350 Reserves/well Oil (MBbl) 185 158 300…
MARLOWE: PREMIER NORTHERN LIGHT OIL ASSET 2 BILLION BARRELS OF LIGHT OIL IN MUSKEG ZONE ON STRATEGIC LAND BASE 100% working interest All petroleum & natural gas rights Connected via pipeline, highway & rail High quality…
MUSKEG: PRIMARY DEVELOPMENT ZONE OVER 2 BILLION BARRELS OF LIGHT OIL IN THE MUSKEG ZONE Single Pad MultiFormation Development Large structural trap created by the impact of an Asteroid 100 million years Slave Point ago that is…
MUSKEG HIGH QUALITY CONVENTIONAL RESERVOIR EXTENSIVE AND CONTINUOUS Porosity Porosity 20% 0% 20% 0% 141812222W5 122112023W5 1300m TVD/670m SS 1180m TVD/780m SS Net Pay: 10.5m, Avg Por: 11% Net Pay: 12m, Avg Por: 7.5% 11.8…
MUSKEG HIGH IMPACT OIL TEST RESULTS (Prior Press Released Numbers) Q1 2018 DRILLING PROGRAM IS ALONG A HIGH IMPACT MUSKEG CORRIDOR Legend WELL 433 488 BBL/D Muskeg wells WELL 924 WELL 624 567 BBL/D Future locations 420 BBL/D…
DELINEATING THE MUSKEG ZONE LongTerm Production Spread Across 12Miles Production Data Normalized to Producing Days Downtime Removed April 2018 Strategic Oil & Gas 10
RESTORING TYPE CURVE PERFORMANCE 2017 WELLS WERE DRILLED LOW; Q1/2018 WELLS WERE DRILLED CENTRAL 141812222W5 Muskeg Stack F Q1 2018 Target Zone E F E D D C3 C2 C1 C3 B A C2 C1 2017 Target Zone B A Base of Stack 2017…
Q1/2018 INITIAL WELL RESULTS COMPARED TO WEST MARLOWE WELLS Initial PerStage Results 0102 Exceeds Offset Wells 13/30 Stages Open / Effective 0501 Continues to Cleanup 19/30 Stages Open / Effective West Marlowe April 2018…
Q1/2018 INITIAL WELL RESULTS COMPARED TO WEST RIM WELLS Initial PerStage Results 0102 Exceeds Offset Wells 13/30 Stages Open / Effective 0501 Continues to Cleanup 19/30 Stages Open / Effective West Rim April 2018 Strategic Oil…
OWNED & OPERATED PROCESSING FACILITIES 917 PLANT 11 MMcf/d raw gas 100% owned and operated 9,000 bbl/d oil 6,000 bbl/d water Underutilized oil & gas plant capacity for future growth Sour gas and water handling on site…
YEAR ROUND OPERATIONS Spring Summer Fall Winter April 2018 Strategic Oil & Gas 15
BUILDING BLOCKS FOR SUCCESS 36 Muskeg wells drilled, 600 drilling locations 67% insider ownership, experienced Board Pipeline connected, rail access Operated facilities with excess capacity 100% owned and operated Multizone light…
CORPORATE INFORMATION MANAGEMENT TEAM RESERVE ENGINEERS McDaniel & Associates Consultants Cody Smith COO & Interim CEO Aaron Thompson CFO AUDITORS Deloitte LLP Barbara Joy VP Land LEGAL Norton Rose Fulbright Canada LLP BANKING…
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