Light Oil
MONTNEY AT GREATER PLACID
- ~80,000 gross prospective operated acres
- ~150 gross future locations
- 200 – 300 bbl/mmcf initial free liquids
- Flexible development with high netback production
DUVERNAY AT GREATER KAYBOB
- ~220,000 gross prospective acres
- ~700 gross 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 was limited by carry provision to $75 million net
