Portfolio growth through a catalogued inventory of Western Canadian under-produced inactive heavy oil wellbores – positioned for divestiture – that would respond to a stimulation workover.

This inventory is the product of mapping horizontal heavy oil well performance across Alberta and Saskatchewan’s unconsolidated sand reservoirs since 2010. Despite more than 1,000 times the reservoir contact of a vertical well horizontal wells recover the same volume as a vertical well. This is a profound failure to translate physical access into production. Modern techniques are available to access this production. Average Capital Efficiency is estimated to be $3,700/flowing barrel/day from an average workover-stimulation cost of $214,000. Payout is estimated to be less than 6 months.