Current Mandates

Midland Basin Offering

• An area where recent basin activity has de-risked the play on the entirety of Apache's concentrated ~9,000 acres in NE Howard County
• Drilling inventory of 126 horizontal locations in the Wolfcamp and Spraberry
• IRR's up to 95% at flat $55/Bbl WTI
• SWD system with excess capacity that is currently generating revenues from third party volumes

Alberta Liquids-Rich Asset Offering

Diversified Production with Low Decline 

• Assets combined H1 2018 production of 3,428 boe/d from a number of reservoirs alongside key operated infrastructure 
• Annualized 2018 Net Operating Income of $19 million

High Quality Infrastructure

• Central Alberta lands are Pembina pipeline connected through the 100% owned McKinley oil battery
• Goodfare area benefits from W.I. in 22 mmcf/d net plant capacity

Upside 

• Central Alberta offers attractive upside through development of the Wilrich and Ellerslie plays
• Goodfare upside through development of the liquids-rich Falher and Dunvegan formations
• Paddy Oil value acceleration with additional recompletion and new injection capital

Duvernay Offering

Contiguous Land with Defined and Delineated Resource 

• 100% working interest in 34.5 net sections of Duvernay rights
• Light oil (42° API) resource defined by three Company horizontal wells and technical modeling

Measurable Scale

• An early-stage growth asset capable of building a sustainable 10,000 boe/d business
• Several years of internally identified drilling inventory

Egress Optionality 

• Company Duvernay land is well situated near the existing Paramount 7-4 gas plant and TCPL and Pembina sales lines
• Liquids egress optionality to either CVE McKinley plant or other 3rd party sales