Historical Data & Guidance Estimate Guidance (1) 2011 2012 2013 2014 (4) Production Light Oil & NGLs (bopd) 1,214 2,227 2,500 2,700 Gas (mmcf) 15.4 28.1 37.3 43.8 Total (boepd) 3,775 6,911 8,715 10,000 Financial (2) Cash Flow…
2014 Initiatives Be a low-cost producer in all areas (build/expand infrastructure) Continue to delineate Montney to set up accelerated drilling in 2015 in conjunction with gas plant expansion Set up Edson to be a long-term cash…
Focus Areas Ft. St. John Dawson Montney Gas Glacier Alberta Grande Prairie Smoky Edson Cardium & Bluesky: British Columbia Light Oil & Liquids Rich Gas Hanlan Page 5
Edson - Infrastructure Multiple productive zones in area including Cardium (light oil), Bluesky (light oil & liquids-rich gas) & Notikewin (liquids-rich gas) Ownership & control of facilities & pipelines 75% Avg. W.I. in over…
Edson - Cardium A OOIP 196 mmbbls & OGIP 188 bcf OOIP 196 mmbbls Total 81 mmbbls CTA OGIP 188 bcf Total 77 bcf CTA NGL yield (sales): 35 bbls/mmcf Wells drilled to date: 27 Hz wells drilled to date 2014 Budget - 15 wells /…
Edson Cardium Cardium Hz Well Performance Indicator Type Well Drill & Case (K) 2,300 Complete (K) 900 Tie-in (K) 250 Total (K) 3,450 Liquids Gas Total Year 1 Avg. Q (boe/d) 74 122 196 Recoverable Reserves (mboe) 80 179…
Edson Bluesky Liquids-Rich Gas Bluesky Hz Gas Well Performance Indicator Type Well Drill & Case (K) 3,200 Complete (K) 2,200 Tie-in (K) 250 Total (K) 5,650 Liquids Gas Total Initial 3 mo. Q (boe/d) 152 415 567 Year 1 Q.…
Edson Notikewin Over 15 hztl locations identified Vertical producers and well control mitigate risk LEGEND Crocotta Lands Vertical Well Hztl Location . Page 11
Dawson & Groundbirch Montney Over 35 net sections Septimus Avg. OGIP of 60 BCF per section Tower Commercial developments Tower on-going on offsetting lands Doe Parkland LEGEND LEGEND Crocotta Lands Groundbirch Sunrise…
Dawson Sunrise Montney OGIP estimated at 60 BCF per section High rate wells completed recently in area by ARC , TOU & CTA Parkland LEGEND TOU 8 well pad IP 60 MMcf/d Crocotta Lands Doe TOU 4 well pad IP 45 MMcf/d CTA…
Sunrise Montney Results vs. Expectation Montney Hz Well Performance Indicator Type Well Drill & Case (K) 2,300 Complete (K) 2,500 Tie-in (K) 250 Total (K) 5,050 5 bcf Liquids Gas Total Year 1 Avg. Q (boe/d) 79 528 607…
Why Crocotta Edson is a large free cash flow generating property that can fund all other projects Montney is scalable and material with over 100 locations evaluated and an avg IP30 800 boepd New regional and material oil play…
Management & Directors Management Robert J. Zakresky, CA President & CEO Terry L. Trudeau, P.Eng. VP Operations & COO Nolan Chicoine, MPAcc, CA VP Finance & CFO Weldon Dueck, B.Sc., P.Eng. VP Business Development Helmut R. Eckert,…