Upstream

Deep basin production and growth

Strategically located assets

Superior development area: strong Montney and Duvernay production base in active greater Kaybob area
Optionality: dry gas – liquids rich window provides a variety of economic opportunities and flexibility to control our product mix
Running room: 119 drilling inventory locations identified
Asset retirement: low asset retirement obligation with plan to aggressively retire inactive assets within 5 – 7 years
Climate: modern facilities with added methane reduction opportunities under review

Established portfolio

Four operated gas processing facilities with over 160 mmcf/d of capacity¹
25% Working Interest in partner-operated gas processing facility with 85 mmcf/d of capacity

Large scale processing platform with capacity

Available Simonette owned facility capacity (~50%) allows for reduced fixed cost per boe with production adds
Efficient and modern facilities offer low cost

Operational excellence

Low operating costs and high liquids (~40%) contribute to high margins
Low-cost debottlenecking opportunities (~25% increase in capacity) through compression addition

Optionality

Operations proximal to Alliance (rich gas), Pembina (liquids) and TC (lean gas) pipelines
Access to key water infrastructure
Close proximity to power infrastructure projects provides future opportunity for integrated synergies