Northern Asset Base MAXHAMISH (BC) CAMERON HILLS(NWT) non-operated 26,500 net acres operated 5oo MMbbls of 42 API Oil 74,058 net acres High way Sulphur Point Oil Liard BriUsh Columbia Alberta BISTCHO(AB) operated…
Growth Strategy Prove mul,year drilling inventory in the Muskeg Stack Acquire/ upgrade Plants to fuel organic grow to the next level Connect Steen River Assets to Sales Oil Pipeline 15000 Intermediate 35% of the capital spent…
2013 Year of the infrastructure build Muskeg Stack Play Major Infrastructure Projects New resource play Increased Capital spending Initial Success Increased Operating Costs Growing Pains Reduced Production SOG.V No other…
Corporate Netback 2012 2013 2014E Produc,on (Boed) 2,016 3,270 4,400 Revenue (/boe) 73.30 66.98 67.00 Cost Focus w e lls 5% ro yalty s k e g Royal,es (/boe) 12.55 14.51 11.00 N e w M u E x p a ns i o n 4Q13 i li t y Op/Trans…
OperaUng Leverage i o n v ol u mes as i ng prod uct n 60 60.00 I ncre e i m pact o Gs fi xed u g has a h lity d ue to S O rs hip bi ne Annualized CF profita cture and ow 50.00 ru 50 cost st Annualized Cash Flow(…
Steen River Astrobleme Large structural trap created by the impact of an Asteroid 100 MM years ago and is charged with light oil and gas in 6 horizons. 2002 1986 1999 1999 15 miles lowe Rim of the Crater at M ar…
Steen River - Stacked Oil ProducUon Upper Slave Point Lower Slave Point Sulphur Point Muskeg Stack Zama Keg River Platorm u rce P o tent ial R eso l O O I P per m b b 25 m o n t he rim OOIP(1)/SecUon sect i o n…
Keg River 12 MMbbl OOIP(1) 2013 3D Seismic Area 0.5 MMbbl produced 16 MMbbl OOIP(1) 1 MMbbl produced 10 MMbbl OOIP(1) 2.5 MMbbl produced DCET MM 1.65 Reserves (MBOE) 265 % Oil 95% IP30 (BOED) 200 Year 1…
Muskeg Stack Muskeg Stack SOG Muskeg Stack Reserves and Resource Summary 35.0 Reserves/Resources (MBOE) 30.0 25.0 20.0 17.6 t u d y A rea e s o u rce S tud y S u s k e g S tack R d alo ng t he 15.0 M o n s of…
Muskeg Stack Type Curve and Economics 550 Type Curve 500 DCET MM 4.0 450 IP30 (BOEPD) 255 % Oil 83% 400 Year 1 Decline 70% Reserves (MBOE) 315 ProducUon Rate (BOED) 350 300 F&D /boe 12.70 PV 10 (MM)1…
Muskeg Stack Development Plan ent Developm olid grey well e lls (11) :s 14: R e d w ck 2014+ s (7o) 2013- red M uskeg S ta locat i o n development ve Disco e year round R esourc d development is he Establ s r corrid o
Why Invest In Strategic Extensive & contiguous land base R egional infrastructure 100% owned and operated Experienced team with sub-surface modelling a key strength M ulti-horizon development with up to 6 layers of commercial rock (aka…
Corporate InformaUon MANAGEMENT TEAM RESERVE ENGINEERS McDaniel & Associates Consultants Ltd. Gurpreet Sawhney, MSc, MBA, PEng President & CEO AUDITORS DeloiWe LLP Cody Smith COO LEGAL Norton Rose Fulbright Canada LLP Aaron…
Appendix Steen River- Year Round Development fi r i ng o n pad nders A ll cy li nt; e developm i lity fac 1-28 e w cr Dri ll e w cr Frac r camp nearby to Opera August 2, 2013 20
Maxhamish- NE BriUsh Columbia Reserves and Upside PotenUal 100 sec,ons (38.16% WI in 27,846 ha) Non-Operated OOIP 500 MMbbls; 42 API oil Areal extensive sand with well control from 140+ wells, 25+ cores Depth: 1670m,…
Maxhamish - VerUcal Well Performance VerUcal well 11 year producUon IP30: 60 BOPD Cum to Date: 56,000 BOE Months 22
Maxhamish - Horizontal Well Performance Horizontal well 2.5 years on prod IP30: 60 BOPD Cum to Date: 46,000 BOE Months 23
Cameron Hills, NWT, Canada Well K74 C19 Well Produc,on: 1.5 mm bbl; 4.4 bcf gas 14 metres Gross Pay C19 owed/swabbed aer perfs & acid 115 bopd C19 Well K74 Well K74 Well 29 m. Gross Pay Sulphur…
Bistcho 10-9 10- 9 Slave Point and Sulphur Pt Gas Produc,on Signicant Slave Point oil recomple,on program 25