Canadian Oil Sands Summit Grizzly Oil Sands February 2014
Investment Highlights 800,000 net acres in the Athabasca and Peace River oil sands regions (100% operated, nearly 100% WI) focused on SAGD development One of the Largest Oil Sands Land 3.4 billion bbls of 2P+Contingent Resources(1)…
2013 Accomplishments Phase 1 construction is complete. Reservoir steam injection commenced Algar Lake in January 2014 Completed a 29 well delineation drilling program last winter May River Filed a 12,000 bbl/d development…
800,000+ Net Acres of Alberta Oil Sands Leases Grizzly Oil Sands Lease Other Oil Sands Lease Alberta Oil Sands Areas Producing Thermal Project Under Construction Thermal Project City of Fort McMurray City of Peace…
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…
Grizzlys ARMS Development Model Grizzlys innovative Advanced, Relocatable, Modular, Standardized (ARMS) Development Model uses proven technologies in a more flexible, compact form to generate 20,000 bbls/d of steam ARMS will allow…
Grizzly Project Development Portfolio 2P Reserves + Production ARMS Contingent Property Potential (2) Status Plants (1) Resources (bbls/d) (mmbbls) Algar Lake 1 1 6,000 50 Producing Algar Lake 2 1 6,000 50 Regulatory Approval…
Algar Lake Property 12,000 bbls/d 100% W.I. in 56,960 contiguous acres of oil sands leases in the southern Athabasca region T88 GLJ has assigned 114 mmbbls of 2P Reserves and 35 mmbbls of Contingent Resources T87 The Algar…
Algar Lake Reference Well AB-16-10-85-12W4 Wabiska Wabiskaw-D McMurray 5m Devonian Devonian Grizzly Oil Sands 10
Algar Lake Reservoir Quality Gamma Ray Logs Over Horizontal Production Well Trajectories Excellent Reservoir Quality over Entire Well Length Grizzly Oil Sands 11
Algar Lake Construction Pictures Evaporator Tower & Construction Office / Phase 2 Site Tank Farm Central Processing Facility Well Pad Grizzly Oil Sands 12
May River Property 100,000 bbls/d 46,720 acres of of 100% working interest oil leases located in one of the most attractive areas of the Athabasca oil sands GLJ has assigned 157 mmbbls of 2P reserves and 662 mmbbls of Contingent…
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 48,960 acres GLJ has assigned 345 mmbbls of Contingent Resources Up to 18 meters metres net continuous pay in lower formation Delineation program planned in 2015 Grizzly Oil Sands 15
Rail Transportation Strategy Potential Rail Transportation Routes Rail provides consistent and flexible access to U.S.Gulf Coast and other markets offering Brent pricing Rail diluent requirements are 50% lower than pipeline…
Grizzlys Rail Transportation Strategy Windell Terminal Site Conklin, AB Developing a rail loadout facility in Conklin, AB (Windell Terminal) and a rail to barge off-load facility on the lower Mississippi River (Paulina Terminal)…
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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