The document summarizes three oil and gas prospects in the Palliser Block. The first is a Glauconite channel prospect with an analog well producing over 90,000 barrels. The second is an Ellerslie prospect with an analog well producing over 82,000 barrels. The third is a regional Glauconite prospect targeting structural lows with oil shows in nearby wells and an analog producing over 44,000 barrels since 2014. Seismic data is available to help define the targets and infrastructure is in place to support development.

1. Palliser Block

2. Play Summary
• Zone: Glauconite/Ellerslie/Pekisko
• Play: Oil in the Glauconite/ Ellerslie/Pekisko. Oil
production in adjacent pools.
• Thickness: 3-4 meters
• Porosity: 9-20 %
• Oil API: 21-26
• Analog: CVE 7D ALDSON 7-12-18-11 cum to date
82,438 bbls.
• Infrastructure:
• Natural gas infrastructure c/w gas plant in 18-
11W4M.
• Several oil processing facilities in the area.
• Seismic: Extensive seismic available in data room
viewing
• Additional Potential: Glauconite/Ellerslie/Pekisko
Regional Setting
Area Map
Strat Column
T17/18 R11W4 (Palliser Block), Prospect Area
07-31-17-10W403/13-32-17-11W4 02/16-13-17-10W4
Pekisko
Ellerslie
Glauconite
Cross-Section A-A’
T18
T17
R11W4
Ellerslie
Horizontals
Glauconite
Horizontals
Pekisko
Horizontals
A
A’

3. Play Summary
T18 R11W4 (Palliser Block), Glauconite Prospect
• Zone: Glauconite Channel sands
• Play: Oil in the Glauconite channels. Oil
production in adjacent pool.
• Thickness: 10 meters
• Porosity: 9%
• Oil API: 21.7
• Analog: CVE 8C ALDSON 8-24-18-11 cum to date
91,659 bbls.
• Reservoir:
• Typically low WC (< 50%).
• Typical GOR 2000 to 3000 scf/bbl.
• Seismic: Extensive seismic available in data room
viewing
• Additional Potential: Ellerslie/Detrital/ Pekisko
T 18
R 11W4
91,659 bbls OIL
0.18 Bcf Gas
192,359 bbls wtr
08/2016
16,672 bbls OIL
0.14 Bcf Gas
29,955 bbls wtr
08/2015
10.5
13.0
1.5
2.0
0.0
1.0
0.0
MUD PLUG
Channel Outline
based on
seismic/Geology
Oil show
Regional Setting Glauconite Channel Reservoir
Area Map
Strat Column Type Log
Production Curve
Potential Horizontal
CVE 8C ALDSON 8-24-18-11
02/10-22-18-11W4
Coal
Glauc Regional
Ellerslie
Glauc Channel

4. Play Summary
T17 R11W4 (Palliser Block), Ellerslie Prospect
• Zone: Ellerslie sands
• Play: Oil in the Ellerslie. Oil production in
adjacent pool.
• Thickness: 5 meters
• Porosity: 9%
• Oil API: 21.7
• Analog: CVE 7D ALDSON 7-12-18-11 cum to date
82,438 bbls.
• Reservoir:
• Typically medium but stable WC (50% to 70%).
• Typical GOR < 1000 scf/bbl.
• Seismic: Extensive seismic available in data room
viewing
• Additional Potential: Glauc/Detrital/Pekisko
Regional Setting
Strat Column
Cross-Section A-A’
07-31-17-10W403/02-25-17-11W4
Ellerslie
Production Curve
CVE 7D ALDSON 7-12-18-11
Ellerslie Reservoir-Area Map
T18
T17R 11W4
0
0
0
0
5
5
5
5
A
A’
Potential Horizontal

5. Play Summary
Play Summary
Zone: Regional Glauc, marginal marine sands.
Play: Potential Oil in the structural lows (downdip from 8-22 gas). Oil shows in the 6-14 and 10-15-22-18W4 wells.
-Thickness: 3m Pay
-Porosity: 20%
-Oil API: 20 to 30
HZ 04/12-2-20-16W4 Analog Cumulative Production = 44,011 Bbls since 2014.
Infrastructure: Extensive infrastructure in the Palliser region.
Seismic: Used to determine structural lows which are often related to Devonian salt dissolution.
Additional Potential: Stacked regional Glauconite marginal marine sands, and Lower Mannville BQ channels.
14-22-18W4 (Palliser Block), Regional Glauconite Prospect
MERGE P174039 CROPPED
11
5
8 10
4
14
17
21
24
3 1
13
22
9
16
23
12
2
20
15
22-18-W4
-5
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
5
5
5
-372
-369
-374
-362
-367
-359
-372-359
-384 -372
-383
-364
-376 -369
-364
-357 -376
-376
-372
-366
-366
-365
-376
-362
-366-376
-369
-358
-369
-366
Regional Setting Regional Glauc Net Reservoir (12% Cutoff)
Glauc Coal Residual StructureStratigraphic Column
T22
R18R19
Regional Glauc Production Example (HZ 04/12-2-20-16W4)
T22
-Glauc
-BQ
-Pekisko
-Banff
-Nisku
Oil Production
By Zone
10-15-22-18W4
Regional Glauconite
6-14-22-18W4 (Oil Show)
A
A
A’
A’