Building A Premier Oil Company FOCUS ON MARLOWE February 2015
FOCUS A World Class Asset Base With More Than 400 Economic Drilling Locations Assets Produc,on Land (Acres) 3Q (BOED) Marlowe 2,700 350,000 Cameron 700 120,000 Maxhamish 50 24,000 Other 50 6,000 Corporate 3,500…
WORLD CLASS RESOURCE Stacked Oil Development Across 350,000 Net Acres At Marlowe Layered upside potential Slave 115 All zones tested and g producing Sulphur Muskeg 30 g 90 Keg g 60 g STACKED OIL DEVELOPMENT…
MUSKEG ASSET Muskeg Regional Fairway Steen Astrobleme Muskeg OOIP: 1 billion barrels of light oil* in the Muskeg * SOG Internal EsCmates 5
MUSKEG COMPARISON TO CARBONATE PLAYS Play Net Pay (m) Porosity (%) Sw (%) * Muskeg 8 9 20 Wabamum 3 18 25 Pinto/Midale 7 7 40 Vieweld/Bakken 8 10 40 Flat Lake/Torquay 17 6 40 OOIP per Sec,on 9.0 8.0 7.0 6.0 5.0…
MUSKEG RESERVES GROWTH - UPDATE Proved + probable reserves up 32% in first half of 2014 20 16.0 15 12.7 Reserves, MMboe 10 9.5 8.1 4.7 5.2 4.5 5 1.9 - - 0 January 2011 January 2012 January 2013 January…
CONTINUOUS IMPROVEMENT Developing a Resource Play Genera,on 1 Wells Genera,on 2 Wells OpBmizing laterals 1400 m laterals Frac logisBcs 15 frac stages Contacted all pay secBon Stay in best pay Drill from exiBng pads Strategic…
GAINING EFFICIENCIES Muskeg Stack: Drilling & Comple,on Cost Muskeg Stack: Drilling Days Drilling CompleBon 25 Spud to Rig Release (days) 6.00 Per Well Drilling Cost (MM) 20 5.00 15 4.00 10 3.00 2.00…
CONTROLLED INFRASTRUCTURE 100% Owned and Operated 2 Facilities Major Highway Rail & Trucking Terminal Access to Water STEEN RIVER PLANT 4o MMscf/day; 75oo BOPD 13 MM in xed operaBng costs per year at Marlowe 4/BOE in…
MARLOWE OPERATING NETBACK IMPROVEMENT Incremental barrel of production from Marlowe has CDN35/boe netback even at US50 WTI WTI Price: 50 Edmonton Oset (US/BBL) (6.00) Exchange Rate (CDN/US) 1.25 Edmonton Price (CDN/BBL) 55.00…
MUSKEG WELL PERFORMANCE - 19 WELLS Recent well results outperforming initial type curves Type Curve 1 Type Curve 600 DCETMM 2 3.00 Type Curve IP30 (BOED) 280 IP365 (BOED) 160 500 GeneraBon 1 (11 Wells) 8 wells %Oil 80%…
INVEST Make a Strategic INVESTMENT Complete Asset 100% Owned & Operated Resource Play with Upside Tested and producing Commercial and Growth Oriented Organically grow Muskeg to over 30,000 BOED Focused Team Driving higher…
CORPORATE INFORMATION MANAGEMENT TEAM RESERVE ENGINEERS McDaniel & Associates Consultants Ltd. Gurpreet Sawhney, MSc, MBA, PEng President & CEO AUDITORS Deloi[e LLP Cody Smith COO LEGAL Norton Rose Fulbright Canada LLP Aaron…
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