Saskatchewan

In 2025, the Company expects to continue its work to enhance existing production through workovers and expanding the pilot secondary recovery scheme.

The Antler area is approximately 200 kilometres southeast from Regina in southeast Saskatchewan. The primary target is high quality light oil from the Bakken/Torquay formation, a dolomitic siltstone shale sequence at a depth of between 1,050 metres and 1,150 metres. Secondary targets include the Souris Valley, a carbonate sequence at a depth of approximately 900 metres to 1,000 metres. The Company holds an average 100% working interest in 12,560 acres in this area.

Consistent with prior years, activities at Antler focused optimizing existing production and expanding the pilot secondary recovery scheme to increase recovery of the oil in place.