NTE Energy Canada Limited

PROJECT DETAILS

NTE Energy Canada Limited (“NTEC”) is our oil and natural gas production subsidiary headquartered in Calgary, Canada. With over 800 producing wells spread across approximately 761,000 acres of land in Alberta and British Columbia, we are actively involved in advancing production optimization and exploring new opportunities on existing lands. We are also committed to growth through acquisitions while responsibly managing our resource liabilities to meet regulatory requirements and reduce carbon emissions.

Currently, we produce approximately 12,400 barrels of oil equivalent per day, with natural gas accounting for 85% of our production across four areas.

BRITISH COLUMBIA

Horn River Basin and Greater Sierra Area

ALBERTA

Wapiti and Willesden Green

Montney

LATEST ESTIMATED 2P

As of 31 December 2023, the estimated 2P hydrocarbon volumes under NTEC are as follows:

Total Proved & Probable Reserves30.7 mmboe
Total Average Daily Production11,100 boepd
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