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Central District

Located in East Central Alberta, our Central district is focused on producing oil from multiple, large original oil in place (“OOIP”) pools that are under historical enhanced oil recovery (“EOR”) schemes.  The property has a 17-year reserve life index and an operating horizon of over 50+ years.  This area is forecasted to average 6,000 boepd during 2024.

Across the Company’s land base we have identified multiple horizontal multilateral opportunities for future development. These include development of the Rex shoreface at Wainwright along with multiple mid-Mannville Channel opportunities in the Chauvin and Macklin areas.

Area 2024 Budget & Statistics

Netback

($81MM-$86MM)
 
26%

Capex

($26MM)
 
24%

P FCF*

($55MM-$60MM)
 
28%

Production

(5,950-6,150 boe/d)
 
27%

Drilling Inventory

(# potential Tier 1 locations)
 
70

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