24 Hour Emergency

Operations

Light Oil

AOC Light Oil Operations 2019
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MONTNEY AT GREATER PLACID

  • ~80,000 gross prospective operated acres
  • ~200 well development inventory
  • 200 – 300 bbl/mmcf initial free liquids
  • Flexible development with high netback production
AOC Light Oil Operations 2019
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DUVERNAY AT GREATER KAYBOB

  • ~210,000 gross prospective acres
  • 1,000+ well development inventory
  • 200 – 1,000 bbl/mmcf initial condensate yields
  • Joint venture secured $1 billion of investment; carry provision limits AOC’s near-term capital exposure to ($75MM net)

Thermal Oil

AOC Light Oil Operations 2019
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LEISMER

  • Producing project acquired from Equinor (formerly Statoil) in January 2017
  • ~20,000 bbl/d productive capacity
  • Regulatory approval in place for expansions up to 40,000 bbl/d
  • ~675MMbbl 2P reserves and ~90 year 2P reserve life
AOC Light Oil Operations 2019
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HANGINGSTONE

  • ~9,000 bbl/d productive capacity
  • ~175MMbbl 2P reserves and ~55 year 2P reserve life
AOC Light Oil Operations 2019
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CORNER

  • Top tier lease with high quality reservoir
  • Regulatory approval for 40,000 bbl/d project
  • ~875MMbbl resource (2P reserves + best estimate contingent resource)
AOC Light Oil Operations 2019
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OTHER LEASES

  • Exposure to ~800,000 acres of oil sands leases at Dover West Sands, Birch and Grosmont
  • >2.5 billion barrel resource (best estimate contingent resource)