Corporate Snapshot Cavalier Energy was spun out of Paramount Cavalier Asset Portfolio Overview Resources in 2011 comprising Oilsands and Carbonate bitumen assets Owned 100% by Paramount Resources Execution focused team Hoole…
Grand Rapids Industry Activity Grand Rapids Formation Generating Significant Interest Industry peers have already applied for Grand Rapids SAGD projects totaling over 450,000 bbl/d of production capacity(1): Cenovus: 180,000 bbl/d…
Grand Rapids Resource Overview Key Attributes of the Grand Rapids Developable using proven SAGD drilling, completion and production techniques Laterally continuous sand body provides for repeatable surface development template…
Cenovus Comparison of the Grand Rapids _______________ Source: Cenovus Grand Rapids project application. 5
Grand Rapids Project Comparison(1) Well Log Locations Map Operator Laricina (1) Cenovus (2) Cavalier (3) BlackPearl (4) Project Germain Pelican Hoole BlackRod Effective 34% 30% 33% 30% K 26D 14D 14D 15D D 200m 225m 250m…
Reservoir Development Comparison Grand Rapids vs. McMurray Development The extensiveness and homogeneity of the Grand Rapids shoreface sand reservoir provides for project development predictability and allows for the achievement of…
Hoole Project Overview Significant Resource Base with Attractive Economics Probable reserves of 93 MMbbls (B-tax 10% NPV of 404 million) and best estimate economic contingent resources of 1,157 MMbbls (B-tax 10% NPV best estimate of…
Hoole Phase 1 Hoole Phase 1 Central Plant 3D Model Rendering: 9
Hoole Phase 1 Phase 1 Capital Requirements (MM)(1) Phase 1 Development Philosophy Phase 1 capital costs are estimated to be 13,000 per Use proven execution strategies and methods Phase 1 stream day barrel of steam (CWE)2 to use steam…
Hoole Full Field Notional Development Plan Phase 2A, 2B and 2C capital costs estimated at 1.4 billion, 1.2 billion and 1.2 billion, respectively (including facilities, drilling and completions)(1) Management has a track record…
Exploration Portfolio Platform for Long Term Growth in Exploration Assets(1) Resource and Production Potential Best estimate of over 1.6 Bbbls DEBIP and 4.5 Bbbls UEBIP(1) across six primary project areas, five of which have had no…
Carbonate Assets Growth Potential in an Emerging Resource Play Cavaliers Carbonates Assets Over 128,000 acres within the Carbonate portfolio located on the highly prospective Grosmont Carbonate Trend Holdings are located adjacent to…
Grosmont Carbonates Recent Industry Activity(1) Laricina / Osum - Saleski Joint Venture Results from the pilot project have been successful to date, proving commercial production rates from both the Grosmont C and D zones. In excess…
In Summary High Quality Oil Sands Asset Base Approved Project at Hoole Significant Upside in Bitumen Carbonates Strong Execution Focused Team Highly Experienced, Successful & Patient Shareholder Cavalier is a private pure…
Appendix A Management and Director Biographies and Shareholder Information 16
Cavaliers Current Shareholder Paramount Resources Highly Experienced and Successful Shareholder Paramount is TSX listed with a market capitalization of 6.3 billion; insider ownership 50% Founded in 1974 by Clayton Riddell, Chairman…