Evi Area – Slave Point Light Oil Resource Play
DESCRIPTION:
- 95% operated
- 82% working interest
- 39 deg. API oil
- Company controls pace of development & capital
- 2D & 3D seismic coverage
- Established infrastructure supports strong netbacks
Waterflood Summary:
- Opportunity for a doubling of reserve bookings and recovery over time
- Initial results of early waterflood pilots show production increases in wells offsetting injectors
- Seven approved waterflood schemes with proven results and significant room for expansion
- Low-risk infill and exploitation potential on 78,000 net acres of undeveloped land
- Incremental EUR from waterflood ~6.8 MMbbl
