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
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