Stable Returns with Development Upside

History of unlocking reserves and production value

The Viking stands out as a shallow, light oil resource play with associated natural gas located in central Alberta. The asset offers highly economic returns while providing the Company with the opportunity to drill through typical spring break-up due to favourable ground conditions in the area. Some of the key attributes of the play include:

• Significant drilling inventory, including both low-risk infill and de-risked step-out development
• Owned and operated infrastructure and direct market access
• Shallow, low geological risk resource play

OUR VIKING ASSETS

• Drill ready inventory provides optionality for our portfolio
• Development programs are executed with speed and efficiency
• Western acreage developed since 2022 with substantially improved results
• Robust production rates from this resource play provide additional cash flow for the Company’s capital programs
• Ample capacity for further Viking development with our strong established inventory of quality locations and 100% ownership of oil and gas infrastructure in the region