nal operational map montages
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Operational Map Montages
Garrington/Westward Ho Cardium - AB
2
Risked Prospect Inventory (Gross)
Drillable Contingent Risked Total
102 75 176
Reserves Potential
OOIP per Sec (mmbbls) 3 - 5
Ultimate Recovery Factor (%) 10 - 30
Key Attributes
Approximate Working Interest (%) 65 - 70
DCET Capital (Gross) $MM 3.0 – 3.3
Expected Ultimate Reserves - Gross (mboe) 160
Percent Natural Gas (%) 20
Operating Costs ($/boe) 6
F & D ($/boe) 20
Operating Netback ($/boe) 75
Recycle Ratio (x) 4.0
BTAX NPV @15 - Gross ($MM) 1.4 – 1.7
BTAX ROR (%) 35 - 40
BTAX Payout (months) 24 - 30
2012 Drilling Program 21
Note: Refer to Appendix to explain inventory tally methodology
Note: Price Assumptions in Appendix
NAL Access Lands
Key Penetrations
2012 Program
2011 Program
Lochend Cardium - AB
3
Key Attributes
Approximate Working Interest (%) 65
DCET Capital (Gross) $MM 3.5 – 3.7
Expected Ultimate Reserves - Gross (mboe) 200 - 300
Percent Natural Gas (%) 21
Operating Costs ($/boe) 5
F & D ($/boe) 12 - 20
Operating Netback ($/boe) 60
Recycle Ratio (x) 3.5 - 5.0
BTAX NPV @15 - Gross ($MM) 1.7 – 6.0
BTAX ROR (%) 30 - 200
BTAX Payout (months) 8 - 36
2012 Drilling Program 17
NAL Access Lands
Key Penetrations
2012 Program
2011 Program
3D
Prospect Inventory (Gross)
Drillable Contingent Risked Total
28 55 83
Reserves Potential
OOIP per Sec (mmbbls) 2.6
Ultimate Recovery Factor (%) 10 - 30
Note: Price Assumptions in Appendix
Note: Refer to Appendix to explain inventory tally methodology
Cardium Type Curves
4
WESTWARD HO, GARRINGTON & LOCHEND TYPE CURVES
0
50
100
150
200
250
300
350
400
450
500
1 13 25 37 49
Pro
ducti
on V
olu
mes
(Boe/d)
Month
Lochend Sweet Spot Lochend Normal
WWHO Garrington
Greater Williston – Mississippian - SK
5
Prospect Inventory (Gross)
Drillable Contingent Risked Total
74 37 111
Reserves Potential
OOIP per Sec (mmbbls) Up to 9
Ultimate Recovery Factor (%) 10 - 60
Key Attributes
Approximate Working Interest (%) 35 – 100
DCET Capital (Gross) $MM 1.2 – 1.7
Expected Ultimate Reserves - Gross (mboe) 60 – 70
Percent Natural Gas (%) 0 – 10
Operating Costs ($/boe) 10
F & D ($/boe) 18 - 28
Operating Netback ($/boe) 70 - 85
Recycle Ratio (x) 2.5 - 4.0
BTAX NPV @15 - Gross ($MM) 0.9 – 1.9
BTAX ROR (%) 45 - 190
BTAX Payout (months) 12 - 24
2012 Drilling Program 30
Note: Price Assumptions in Appendix
Note: Refer to Appendix to explain inventory tally methodology
NAL Access Lands
Mississippian Oil Pools
3D Seismic Outline
Weyburn
Estevan
Nottingham/ Alida
Midale
Chapleau Lake
SE Sask Mississippian Type Curve
6
0
10
20
30
40
50
60
70
80
90
100
110
120
0 12 24 36 48 60 72 84 96 108 120 132 144 156 168 180 192 204
Rate
(bbl/
d)
Months
1st Month IP: 115 bbls/d
EUR: 110 mboe/well
Based on 2006 – 2010 drills
Greater Hoffer Area – Mississippian - SK
7
Prospect Inventory (Gross)
Drillable Contingent Risked Total
75 39 114
Reserves Potential
OOIP per Sec (mmbbls) Up to 5
Ultimate Recovery Factor (%) 10 - 30
NAL Access Lands
MSSP Producers 2012 Program
2011 Program
MSSP Oil Pools
3D Seismic Outline
Hoffer 2009 Pool Discovery
Beaubier New Pool Discovery
Neptune New Pool Discovery
Oungre Pool Extension
Key Attributes
Approximate Working Interest (%) 50
DCET Capital (Gross) $MM 1.8 – 2.3
Expected Ultimate Reserves - Gross (mboe) 85 - 105
Percent Natural Gas (%) 0
Opex/ boe ($/boe) - First 12 Month Ave 7 - 9
F & D ($/boe) 20 - 27
Netback ($/boe) - lifetime 55 - 60
Recycle Ratio 2.0 - 3.0
BTax NPV @15 ($) - Gross $MM 0.8 – 1.4
BTax ROR (%) 30 - 50
BTax Payout (mnths) 24 - 36
2012 Program 23
Note: Price Assumptions in Appendix
Note: Refer to Appendix to explain inventory tally methodology
Sawn Lake – Slave Point – Northern AB
8
Prospect Inventory (Gross)
Drillable Contingent Risked Total
28 20 48
Reserves Potential
OOIP per Sec (mmbbls) 3 - 6
Ultimate Recovery Factor (%) 10 - 25
Key Attributes
Approximate Working Interest (%) 50
DCET Capital (Gross) $MM 4.5 – 5.5
Expected Ultimate Reserves - Gross (mboe) 167
Percent Natural Gas (%) 5
Operating Costs ($/boe) 5
F & D ($/boe) 25
Operating Netback ($/boe) 62
Recycle Ratio (x) 2.5
BTAX NPV @15 - Gross ($MM) 1.9
BTAX ROR (%) 55
BTAX Payout (months) 15.3
2012 Drilling Program 2
NAL Access Lands
SLVP Penetrations
2012 Program
2011 Program
3D
1-26-91-13W5
IP: 445 bopd
& 2%WC
16-35-91-13W5
IP: 380 bopd
& 7%WC
Note: Price Assumptions in Appendix
Note: Refer to Appendix to explain inventory tally methodology
Deep Basin - Liquids-Rich Gas – AB
9
Prospect Inventory (Gross)
Drillable Contingent Risked Total
52 78 130
Reserves Potential
OGIP per Sec (Bcf) 8 - 15
Ultimate Recovery Factor (%) 10 - 30
Key Attributes
Approximate Working Interest (%) 20 - 70
DCET Capital (Gross) $MM 3 - 6
Expected Ultimate Reserves - Gross (mboe) 300 - 550
Percent Natural Gas (%) 60 - 94
NGL Yield (bbls/mmcf) 10 - 60
Operating Costs ($/boe) 4 - 7
F & D ($/boe) 9 - 14
Operating Netback ($/boe) 20 - 35
Recycle Ratio (x) 2.0 - 4.0
BTAX NPV @15 - Gross ($MM) 0.6 – 2.0
BTAX ROR (%) 20 - 50
BTAX Payout (months) 22 – 40
2012 Drilling Program 12 (3 on Map Sheet)
Note: Price Assumptions in Appendix
NAL Access Lands
TD in Mannville
2012 Program
2011 Program
Note: Refer to Appendix to explain inventory tally methodology
Fireweed – Montney - BC
10
Prospect Inventory (Gross)
Drillable Contingent Risked Total
12 8 20
Reserves Potential
OGIP per Sec (Bcf) Up to 45
Ultimate Recovery Factor* (%) 40
Key Attributes (First Well Only)
Approximate Working Interest (%) 100
DCET Capital (Gross) $MM 6.5 – 8.0
Expected Ultimate Reserves - Gross (mboe) 630
Percent Natural Gas (%) 60
Operating Costs ($/boe) 6
NGL Yield (bbls/mmcf) Up to 100
F & D ($/boe) 14
Operating Netback ($/boe) 29
Recycle Ratio (x) 2.1
BTAX NPV @15 - Gross ($MM) 450
BTAX ROR (%) 17
BTAX Payout (months) 58
2012 Drilling Program 1 – 2
NAL Access Lands
MNTY Penetrations
2012 Program
2011 Program
Note: Price Assumptions in Appendix
Note: Refer to Appendix to explain inventory tally methodology
*Note: Assumes four wells per section.