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Operations

Growth-oriented oil producer focused on conventional, shallow Mannville oil development in Alberta

  • Horizontal exploitation of vertically-defined, large OOIP pools with low recovery factors to date
  • Both core areas feature stacked regional and channel sands across multiple zones
  • Liquids-weighted production generates attractive netbacks in current price environment

Measured growth strategy with prudent capital allocation

  • Maintain financial flexibility with a strong balance sheet
  • Consolidate core areas during low price environment
  • Develop identified low-risk projects with industry competitive economics
  • Improve capital efficiencies
  • Focus on reducing operating expenses and controlling capital costs

Core Areas