New Management Sold all non-Gold Creek New completion 5 Well Winter Replaced 98% of 2P Team in Place Assets - 80mm design on 1st well Drilling Program Reserves Sold Launched Crypto Mining Pilot 3
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Elmworth Area Historical Production Performance & Type Well Forecasts 700.0 600.0 500.0 Oil rate (Bbls/d) 400.0 300.0 200.0 100.0 0.0 0 50 100 150 200 250 300 350 Days on Production IBR 3-22-68-3W6 IBR…
Currently Being Tied Into IBR Facility 80 3 70 2.5 60 2 50 40 1.5 30 1 20 0.5 10 0 0 IBR 3-22 IBR 8-25 IBR 4-18 IBR 15-23 IBR 100/8-21 IBR 102/8-21 Competitor Well 1 Competitor Well 2 Competitor Well 3 7
R = 0.466 140 120 100 80 60 40 20 0 0 2 4 6 8 10 12 14 16 18 20 3.00 2.50 2.00 1.50 1.00 0.50 0.00 0 2 4 6 8 10 12 14 16 18 20 R = 0.8171 All data are IP90 calendar daily average oil rates from public domain and…
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IBR Gold Creek Grande Prairie Edmonton Calgary Figures modified from Canadian Discovery Ltd. (Montney Hydrodynamics and Geothermics Presentation & Hydrodynamics and Regional Facies of the Montney Formation…
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All data from Geoscout public domain *Downtime Removed 12
IBR Montney land IBR 2017 Location IBR 2018 Location 13
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RAW GAS EUR McD YE2017 2P Reserves EUR Mboe OIL EUR Mbbl Bcf 2,300 m lateral 870 207 3.98 MA Avg. OOIP EUR/1,600 GROSS EST NET Total OOIP Mmbbls/ Lateral UPPER MONTNEY IBR Development SECS SECS Gross Ha Mmbbls Sec Mbbls Total…
3D Reservoir Model Core - Integrates all data - Reservoir parameters - Internal Modelling - Geomechanics - Well placement, - HC Geochemistry drilling, completions Frack Tracers Petrophysics - Well placement & SUBSURFACE -…