Corporate Presentation For the Annual and Special Meeting of Shareholders May 14, 2014
Our Vision US Oil Sands will be the worlds most capital efficient and environmentally-responsible oil sands development company 3
Our Values Shareholders Operations We value the trust that shareholders have placed We value the importance of a safe and responsible on us through their investment. We uniquely workplace. We operate with the highest standards apply…
Large Innovation Resources & Breakthrough Lands Changing the Way Oil Sands Bitumen is Extracted (capital / environment / oil recovery) Capital Environmental Efficiency Leadership 5
Corporate Snapshot Corporate Profile Map of Operations Calgary-based oil sands mining company TSX Venture listed: USO Market capitalization C116MM(1) C76MM in treasury no debt(1) Significant technology and resource development…
Strong Governance Board of Directors Verne Johnson, Chairman Mark Brown, Director Chairman of Petromanas Energy Inc. and Co-founder, Seven Generations Energy Ltd. director of Gran Tierra Energy Inc. Previously Vice President, EPC of…
Experienced Leadership Management Team Experienced leader with over 30 years Over 30 years experience in diverse in oil, gas and oil sands development project engineering and operating and operations, most recently as management…
Extensive Land & Resource Base Largest oil sands land base in the U.S. PR Spring Project Area: 100% working interest in 5,930 acres Sproule assessment of 184 MMbbls Discovered Resource(1) Significant exploration lands 100% W.I. in…
Breakthrough Extraction Process Addition of renewable biodegradable solvent simplifies existing processes 90-96% Bitumen recovery 0 Eliminates tailings ponds 75% Reduction in capital intensity 98% Solvent recycle 95%…
PR Spring Project Fully approved surface mine and Attractive Oil Sands Development development project in Utah Uinta Basin in Northeast Utah Large known resource Initial 2,000 bpd phase Estimated up to 30 Bbbls in place…
Commercial Demonstration Objectives Build 2,000 bpd demonstration project to prove the commerciality of the process Primary Success Measures Secondary Success Measures Prove its Game-changing w/no Show-stoppers Optimize Performance…
Year in Review May Extensive financing related activities (marketing, negotiations, field Oct 2013 reviews, due diligence) Preliminary project work commenced through supply of road-building Jun 2013 material and extended duration…
Process Enhancements Through testing of the 24 bpd pilot unit, a number of enhancements are currently under consideration for the 2,000 bpd commercial design Possible Design Enhancements Increased water recovery From 95% to up to…
Project Implementation Schedule PR Spring Project - Phase I 2014 2015 2016 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Detailed Engineering Final Mine Plan Infrastructure Site Prep/Roads Equipment Procurement Water Tie-in…
Business Development Strategy Example of stranded bitumen resources in Athabasca Hundreds of millions of barrels of mineable bitumen stranded in large pools too small for mega projects Canada, U.S., global Well suited for…
USO A Strategic Roadmap Lock Phase I design Make it lean, make it work Build it On time, on budget project management Start it up Problem solving and trouble shooting Optimize it and learn fast Redesign for expansion Design and…
Conclusion USOs next generation solvent technology represents a paradigm shift in surface mineable oil sands economics and environmental impact Best-in-class capital efficiency, environmental footprint, oil recovery…
Marketing / Branding USO continues to enhance its corporate profile Media Coverage Corporate Branding Investor Relations 20
We Are US Oil Sands Increasing our organizational capabilities 21
Thanks to Our Service Providers 22
Thanks to Our Visionary Leaders Former Development Retired Directors Team Chairman Jim Banister Doug Hunter Ken Stephenson Jack Nodwell For providing momentum to US Oil Sands 23
Cameron M. Todd Chief Executive Officer cameron.toddusoilsandsinc.com D. Glen Snarr President & Chief Financial Officer glen.snarrusoilsandsinc.com (403) 233-9366 www.usoilsandsinc.com
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