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