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Tourmaline Oil Corp
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May 2015 Corporate Presentation
| Michael L. Rose | Page 14 of 11 |
November 21, 2024
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ME T E R S 0 1 , 0 0 0 2 , 0 0 0 3 , 0 0 0 PET R A 4 / 2 4 / 2 0 1 3 1 2 : 2 8 : 5 9 PM 7-3 Hztl 1550 bopd 1.9 mmcfpd gas Tourmaline Mulligan 14-23 Vert. Cum. 400 mtsb Oil Cum. 1.5 Bcf Gas 14-8 Hztl 1283 bopd 2.0 mmcfpd gas New Pool Discovery Earring 13-8 Vert. Test . Rate 700 boepd Peace River High Regional Charlie Lake Resource Play Feb 2015 T. 79 R. 9 R. 7 R. 5 T. 77 T. 83 T. 81 T. 75 Original Spirit River 2002 Discovery Well DDV/APC 3-3-78-7-W6M R. 10 Original Spirit River Pool Boundary 2011 R. 6 Tourmaline Producing Oil Wells Tourmaline Producing HZTL Wells Tourmaline Producing Wells Tourmaline Battery Site Industry CLLK penetrations Tourmaline 2012/2013 Prop. HZTL Wells Legend Charlie Lake 2011 Bdy. Tourmaline Lands Charlie Lake 2013 Bdy. Lower Charlie Lake Upper Charlie Lake Type Log 2015 Spirit River Charlie Lake Drilling Summary • 1,420 Horizontal Locations along Regional Play Fairway • Current Reserves of 72.0 mmboe (Jan 1, 2015 GLJ) • Total ultimate potential 0.5 billion boe (Company estimate), Tourmaline capture 80-85% • Regional pool defined by 95 horizontal and 140 existing vertical wells • 352 mboe 2P reserves per horizontal • 2015 Drilling; 50-60 Horizontal wells • $4.0M horizontal drill complete cost • Mulligan Battery 1H 2015, 24,000 bopd initial capacity • Tourmaline operated sour gas injection plant Dec 2014 startup, 30 mm/d initial capacity, 60 mm/d capacity by Q2 2015 • 2015 target exit prod 25,000 boepd (gross) TOU 1-30 300 bopd, 0.5 mm/d gas 6-10 Vert. Cum. 55 mtsb Oil Tourmaline Earring 15-16 440 bbls/d 30° API Oil 2.7 mmcfpd Gas Trcl hz 800 boepd 5-29/1-30 Pad 2450 bopd (Oct/13) TOU Mulligan 1-14 200 bopd 1.1 mm/d TOU 1-14 310 bopd 3.5 mmcfpd gas 14 Tourmaline Battery Site Tourmaline Spirit River Gas Plant Mulligan Battery 24,000 bpd fluid capacity by 2H 2015