Non-Core Properties

Provost ~98% WI (TWP 37-4W4)

  • 400 Boe/d (92% liquids) net
  • YE2015 – TP NPV10 $14.3MM
  • Operated production and battery
  • Medium to heavy oil (cold production)

Chinchaga ~ 33% WI (TWP 97-8W6)

  • 195 Boe/d (15% liquids) net
  • YE15 – TP NPV10 $3.11MM
  • Non-Operated (CNRL)
  • Cretaceous shallow gas

Waterton ~12-40% WI (TWP 6-3W5)

  • 432 Boe/d (5% liquids) net
  • YE15 – TP NPV10 $4.52MM
  • Non-Operated (Shell)
  • Wabamun – Sour gas

Saint Lawrence Lowlands, QC – Utica Shale

  • Large contiguous acreage position
  • 36 Bcf of best estimate unrisked contingent and 2.6 Tcf of best estimate unrisked prospective shale gas resource

Pointed Mountain, North West Territories – Shale Gas

  • Lease extended by 21 years by Aboriginal Affairs and Northern Development on Dec. 10, 2013
  • 53,000 net acres in Liard Basin prospective for Besa River & Muskwa shales
  • Land in close proximity to a major pipeline with significant capacity
  • 21 Tcf Best estimate undiscovered shale gas initially in place
  • 3.8 Tcf of Best estimate unrisked prospective shale gas resources*