Investment Highlights 800,000 net acres in the Athabasca and Peace River oil sands regions (100% One of the Largest operated, nearly 100% WI) focused on SAGD development Oil Sands Land Positions in Alberta 3.4 billion bbls of…
Accomplishments since Last Conference Completed Phase 1 construction and commissioning First Oil was achieved in April Algar Lake Current bitumen production is 1,000 bbls/d Anticipate peak production of 6,000 bbls/d by mid 2015…
800,000+ Net Acres of Alberta Oil Sands Leases Grizzly Oil Sands Lease Other Oil Sands Lease Alberta Oil Sands Areas Producing Project Under Construction Thermal Project City of Fort McMurray City of Peace River…
Grizzly Assets Grizzly has a high quality resource based on Steam Assisted Gravity Drainage (SAGD) with additional upside using other reservoir recovery processes 3.4 billion bbls of 2P + Contingent Resources(1) Resources primarily…
Grizzly Development Portfolio Windell Algar Rail Lake Terminal Phase 1 Algar Lake May Phase 2 River Value Phase 1 / BOE Thickwood 2 billion Cadotte barrels of resources on 30+ properties LAND RESOURCE DEVELOPMENT…
Grizzly Project Development Portfolio 2P Reserves + Production Contingent Potential (2) ARMS Resources (1) Property Plants (bbls/d) (mmbbls) Status Algar Lake Phase 1 1 6,000 50 Producing Algar Lake Phase 2 1 6,000 50…
Grizzlys ARMS Development Model Built and commissioned Grizzlys 1st ARMS Plant at Algar Lake Demonstrated that ARMS plant works Benefits of the ARMS development model include: Scalable and manageable growth to match reservoir…
Algar Lake Property 12,000 bbls/d Commenced reservoir steam injection at T88 Algar Lake Phase 1 in February, 2014 Steam is currently being circulated T87 through all 10 well pairs, expected to be converted to SAGD production mode…
Algar Lake Reference Well AB-16-10-85-12W4 Up to 22 metres thick bitumen pay No bottom water or Wabiska top gas 18+ metre thick bitumen pay outside of the initial Wabiskaw-D development area McMurray 18m Devonian…
Algar Lake Reservoir Quality Gamma Ray Logs Over Horizontal Production Well Trajectories Excellent Reservoir Quality over Entire Well Length 12
May River Property 100,000 bbls/d 50,000 acres of 100% W.I. oil sands leases 12,000 bbls/d development application filed and 1st round of SIRs have been received Adjacent to industry leading SAGD projects including Statoil KKD…
819 MM Barrels of High Quality Recoverable Bitumen GLJ Best Estimate Net Continuous 08-18-077-08 40 metres Net Bitumen Pay Continuous Pay Multiple stacked channel system Analogous to nearby Cenovus, Devon, MEG and Statoil…
Cadotte Property 50,000 bbls/d 100% W.I. in 50,000 acres GLJ has assigned 345 mmbbls of Contingent Resources Up to 18 metres clean, homogeneous net continuous pay in Belloy formation Bluesky Belloy Grizzly Oil Sands 15
Rail Transportation Strategy Potential Rail Transportation Routes Rail provides consistent and flexible access to coastal markets offering Brent pricing Diluent requirements are 50% lower on rail (railbit) than pipeline Condensate…
Grizzlys Rail Transportation Strategy Windell Terminal Site Conklin, AB Windell Rail Terminal - Operational First crude oil shipped to the U.S. Gulf Coast in June, 2014 Located adjacent to our May River site, and in close proximity…
2014 Business Plan Highlights Demonstrate Algar Lake reservoir and ARMS plant performance by executing a Algar Lake successful production ramp Achieve positive cash flow by year end Advance the 12,000 bbls/d May River development…
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