The 2014 RTP, TTRC, and RRC programs aimed to restore economic production rates to shut-in wells. The RTP program involved 15 wells with a budget of $3.13 million and completed 9 projects achieving 488 barrels of oil per day. The TTRC program used a rigless approach on 7 wells with a $2.13 million budget, completing 6 projects achieving 98 barrels of oil per day. The RRC program took a rig activity approach on 16 wells, completing all 16 projects with its $9.23 million budget to achieve a production rate of 656 barrels of oil per day.

1. 2014 RTP Program
RTP (Return-to-Production) Program – Restore economic production rates to wells that are
currently shut-in. Bennefits – maintain the life of asset as a cashflow generator which
reduces our total lifting cost and prolongs the asset retirement obligation of the wellbore.
Program Well Count of 15 wells.
Programs AFE Budget of 3,130 M$ - (Current Spend of 1,144 M$; 37%)
Program results 9/15 projects completed; production rate of 488 BOPD

2. 2014 TTRC Program
TTRC (Through Tubing Recompletion – riggless activity) Program – Restore economic
production rates to wells that are currently shut-in or sub-economic. Benefits – maintain
the life of asset as a cash-flow generator which reduces our total lifting cost, prolongs the
asset retirement obligation of the wellbore and harvest the value from reserve profiles that
are not economic using a rig activity approach for wellbore recompletion of the asset.
Program Well Count of 7 wells.
Programs AFE Budget of 2,130 M$ - (Current Spend of 1,851 M$; 87%)
¼ of the cost of RRC.
Program results 6/7 projects completed; production rate of 98 BOPD.

3. 2014 RRC Program
RRC (Rig Recompletion – rig activity) Program – Restore economic production rates to
wells that are currently shut-in or sub-economic. Benefits – maintain the life of asset as a
cash-flow generator which reduces our total lifting cost, prolongs the asset retirement
obligation of the wellbore and harvest the value from reserve profiles that are economic
using a rig activity approach for wellbore recompletion of the asset.
Program Well Count of 16 wells.
Programs AFE Budget of 9,232 M$ - (Current Spend of 7,690 M$; 83%)
Production FOI = 6X rate of TRRC production rates.
Program results 16/16 projects completed; production rate of 656 BOPD.