Non-Core Properties

Saint Lawrence Lowlands, QC – Utica Shale

  • 309,620 gross (241,884 net) acres in the St. Lawrence Lowlands
  • Prospective for the Utica Shale
  • Close proximity to major markets has historically provided for premium product pricing compared to NYMEX
  • Drilling suspended since 2011 pending development of the provincial energy policy and regulation

Provost ~ 67% WI (TWP 37-4W4)

  • 424 Boe/d (96% liquids) net
  • YE2015 – TP NPV10 $7.58 MM
  • Operated production and battery
  • Medium to heavy oil (cold production)

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

  • 152 Boe/d (15% liquids) net
  • YE15 – TP NPV10 $2.44 MM
  • Non-Operated (CNRL)
  • Cretaceous shallow gas

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*