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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
athabasca oil light oil1

DUVERNAY AT GREATER KAYBOB

  • ~220,000 gross prospective acres
  • ~700 well development inventory
  • 200 – 1,000 bbl/mmcf initial condensate yields
  • 2016 joint venture secured $1 billion of initial investment which was completed in Q1 2020; AOC's capital exposure limited by carry provision ($75MM net)
  • Updated 5-year plan designed to be self-funding (2020-2024)