Central Area

This producing area is located in East Central Alberta.  It produces medium quality oil from multiple, large original oil in place (“OOIP”) pools under historical enhanced oil recovery (“EOR”) Schemes.  The property has a 17-year reserve life index and an operating horizon of over 50+ years.  Future investment will be focused on optimization of existing fields, operating cost reductions and further exploitation of its large underdeveloped resources.

Area 2020 Budget & Statistics

NOI

($155-$165MM)
 
25%

Capex

($60-$65MM)
 
21%

P FCF*

($40-$45MM)
 
28%

Production

(20.1-21.5 mboe/d)
 
24%

Drilling

(wells)
 
15%

Drilling Inventory

(# potential locations)
 
136

*P FCF (Property Free Cash Flow) = Net Operating Income Less Capital Expenditures