Areas of Activity Canada Office in Calgary Resource Montney Unconventional Oil (55%) 550mmbbl in place Carnaby Conventional Targets (55%) 4 mmbbl rec Genesee Tight Oil (47%) 20 mmbbl rec Duvernay & Rock Ck (34% & 6.8%) 180…
British Columbia (Carnaby): Summary Experienced management and operating team based in Calgary. Good infrastructure in the prospect areas with plenty of unused capacity. Large land position of over 70,000 net acres. Holds a large…
Montney Oil Trend Keys to success Oil recoveries are best in areas where pressure is higher and rocks are in oil mature window. Carnaby lands are: positioned in the oil maturity window of the deep basin and in the over…
Single Well Case Development Costing 300 Montney Resource HZ well Type Curve 1200 250 1000 200 800 mcf/d bbl/d 150 600 100 400 50 200 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 32 44 56…
Strategy Unconventional Oil Montney Oil : Entry into New Unconventional Oil Play in Proven Area Strategic Lands Acquired (50+ sections) more opportunities exist Prove up Resource Potential: Phase 1 Appraisal (2013) 3D and drilling…
British Columbia (Carnaby): Summary Experience management and operating team based in Calgary Good infrastructure in the prospect areas with plenty of unused capacity Large land position of over 70,000 net acres Holds a large…
Conventional Assets Increase production & cash flow Leverage existing lands/pools through conventional development drilling to expand oil production. Multiple drilling locations identified: 30 wells + further opportunities…
Montney Turbidite Channel Hz Drill Montney Amplitude map In-field horizontal well within the channel sequence where three wells have already intersected oil pay. 3D seismic amplitude shows location of Montney turbidite Vertical…
Alberta Duvernay Activity Land Values Maintained Encana sale Gov auctions Active Drilling program BlackSwan Farmin well * Mako Corporate Presentation Sept. 4, 2012
The Warro Gas Project Warro located 200km north of Perth in the Perth Basin. Onshore gas field discovered by WAPET in 1977. One of the largest undeveloped onshore gas fields in Australia total gas in place of 8-10TCF confirmed by…
Warro Independent Experts View Shanley Review concluded : Warro field contains a significant gas accumulation with potential to flow at high rates: o 8 -10 TCF in place; o 3.2 TCF recoverable. Wells capable of 4 -10 BCF each (50…
Warro The Next Chapter Joint Venture is committed to continue with appraisal of the field. Commenced the next phase of work. 3D reprocessing. Retention Lease. Drill, frac and test further wells. Depending on rig availability,…
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