Overview Core Properties Reserves/Resources Overview Our operations are concentrated in three core heavy oil areas in western Canada. These properties are currently producing about 8,000 barrels per day. When fully developed, they have the potential to produce in excess of 100,000 barrels per day. Onion Lake is a conventional heavy oil property located in the Lloydminster area in Saskatchewan. In 2015 about half of our heavy oil production is coming from the Onion Lake area. In 2015, we completed construction of the first phase of a thermal EOR project at Onion Lake. This phase is expected to produce up to 6,000 barrels of oil per day when it is brought on production. We are also planning to add an additional 6,000 barrel per day second phase to the Onion Lake thermal project. Mooney is a conventional heavy oil property located in northern Alberta. The field was initially developed using primary production techniques. In 2011, we initiated an alkali surfactant polymer flood (ASP flood) to enhance production and significantly increase overall oil recovery. When future ASP Flood phases are developed, the property has the potential to produce up to 5,000 barrels of oil equivalent per day. Blackrod is a planned SAGD development located in the Athabasca oil sands region in northern Alberta. We are currently operating a successful SAGD pilot at Blackrod. Blackrod is the largest of our three core properties and will require several years to fully develop. The Blackrod property has the potential for an 80,000 barrels per day SAGD development. Core Areas 2P Reserves+ (mmboe) Contingent Resource* (mmboe) WI Operator Technology Onion Lake 94 34 50 - 100% PXX Conventional wells thermal EOR Mooney 18 16 100% PXX Horizontal wells ASP flood Blackrod 181 566 100% PXX SAGD + As per Sproule reserves evaluation as at December 31, 2014. * Best estimate recoverable resource as per contingent resources study prepared by Sproule Unconventional Limited dated December 31, 2014. Home Investors Operations News Contact Careers Disclaimer