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Presentation of Oil and Gas Information In respect of 2024 year-end reserves information contained in this press release, Strathconas reserves have been evaluated in accordance with Canadian reserve evaluation standards under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101).
Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.
With produced water now available for flooding the Oungre, we have introduced approximately 3,000 bbl/d of injection and were able to suspend a source water well that is expected to save an estimated $250,000 per year in operating costs. IP30 rates cited herein are comprised of over 97% light crudeoil and just under 3% natural gas.
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