Operations

Operations

 

Light Oil: Placid Montney

  • ~25,000 Montney acres at Placid with the potential for over 150 gross wells
  • Recent Montney drilling validates liquids rich sweet spot
  • Ownership and operatorship of regional infrastructure

Light Oil: Greater Kaybob Duvernay 

  • ~200,000 Duvernay acres with the potential for over 1,000 gross wells
  • Eagle Ford regarded as a close analog for the Duvernay
  • Near-term Duvernay land retention requirements achieved
  • Material exposure across all thermal maturity windows (condensate rich gas to volatile oil)

Thermal Oil: Hangingstone

  • Hangingstone Project 1 commissioned in 2015
  • Production ramp-up underway; 12,000 bbl/d expected to be reached in 2018
  • Long term production potential of 80,000 bbl/d (4 phases)
  • Regional infrastructure in place for expansion
  • 225MMbbl 2P reserves in addition 790MMbbl (unrisked) best estimate contingent resource

Thermal Oil Other: Dover West, Birch and Grosmont

  • Exposure to 5.1 Billion barrels (unrisked) best estimate contingent resource
  • Dover West Sands & Carbonates – ~230,000 acres of oil sands leases 90km northwest of Fort McMurray
  • Birch – ~450,000 acres of oil sands leases located 95km northwest of Fort McMurray
  • Grosmont Carbonates – 50% working interest in ~225,000 acres of oil sands leases

 

For additional information regarding Athabasca’s reserves and resources estimates and the evaluations that were conducted by GLJ and D&M, please see the Company’s AIF available on SEDAR at www.sedar.com.

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