Focused on light oil exploration and development November 2013
Highlights Upside Potential: Multi-well potential; 30 gross, 12 net Assets: Low risk Lochend Cardium light oil resource play Situated within proven productive trend 5,280 gross acres Company: Experienced management and Board High…
Corporate Strategy Focus on light oil Experienced management team to source and evaluate high quality oil prospects. Target lower risk oil resource play types with significant original oil in place (OOIP) and low recoveries to…
Experienced Senior Management William Petrie Sr. President & CEO, Director Geologist, more than 40 years experience Mobil Oil, Siebens O&G, Torridon Resources, Stockmen Energy, Calex Resources, Peyto E&P, Marengo Exploration, Montego…
Board of Directors William Petrie Sr., President & CEO, Director See management bio Jesse Meidl, CA, CF, Director CFO, Caithness Petroleum Ltd (UK) Former investment banker Thomas Weisel Partners (UK) Former CFO Arsenal Energy Inc…
Asset Summary Birch Lake has a light oil-focused land position in one of Albertas premier resource plays: 7
Lochend Cardium Lands LANDS 6 miles west of Calgary 38.4% non operated WI 8.25 gross sections, 3.2 net 30+ (gross) well potential, 12 net UNCONVENTIONAL CARDIUM OIL, the Primary Target Cardium A present throughout BLK acreage…
Lochend Cross Section A-A 1 Conventional Upper Cardium Gas Horizontal Cardium A Oil Conventional Card. B Oil Cardium A and B zones are geologically analogous to producing zones immediately north Primary zone is…
Lochend Cardium A Type Curve and Economics Cardium A Type Well Economics Capex (C millions) 3.40 Oil reserves (bbl) 142,000 Gas reserves (mcf) 142,000 1 Total reserves (boe) 165,667 1 Oil IP (bopd) 183 1 GOR (mcf/bbl) 1,000 0…
Capitalization and Valuation Birch Lake is currently trading at a discount to Core NAV Capitalization (Cdn millions) Core NAV (Reserves & Land Value) Share price1 0.02 Offset Land BLK Implied BLK 2 Basic shares outstanding 58,180,383…
Outlook Birch Lake anticipates participating in in further drilling at Lochend in 2014. The company is pursuing options to fund the future development of the Lochend property. These include corporate transactions, mergers,…
Summary Upside Potential: Multi-well potential; 30 gross, 12 net Assets: Low risk Lochend Cardium light oil resource play Situated within proven productive trend 5,280 gross acres Company: Experienced management and Board High…
BIRCH LAKE ENERGY Inc. 3200 Altius Centre 500-4th Ave SW Calgary, AB T2P 2V6 www.birchlakeenergy.com 14
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