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2024 Canadian Oil & Gas Production Snapshot

Oil Gas Leads

580,000 BOE/d Includes 210,000 b/d oil and condensate Tourmaline Oil Corp. 579,173 BOE/d +11% from 2023 Suncor Energy ~600,000 BOE/d capacity Oil sands operations Mid-Size Producers (100,000 499,999 BOE/d) Company 2024 Average Production Notes ARC Resources Ltd. 102,012 bbl/d (bitumen) SOR of 2.39 Vermilion Energy Inc.

Gas 52
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Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

We drilled our first Midale location since 2023 at 05-28 during the quarter, which came on production approximately 50% above our internal type curve (2). Should the WTI benchmark oil price fall to US$50/bbl, Saturns hedge book provides significant protection, having a cash value of over $160 million at that level. GJ to $3.35/GJ.

Gas 100