1

Swan Hills

2

Kaybob

Swan Hills/Kaybob Core region

  • 394 (270 net) sections of land with majority-owned infrastructure plus 4,800 boepd at 90% light oil & natural gas liquids with stable 10% base decline provides foundation for Razor’s operations and future growth
  • Production and development is focused on light oil in Swan Hills Beaverhill Lake (“BHL”) and Kaybob Triassic (“Montney”)
    formations
  • Geographically focused and highly synergistic from a field, operating, technical and financial perspective
  • Abundant running room with organic growth potential through reactivations, vertical and horizontal drilling