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Investor Presentaiton

Strategy underpinned by advanced in situ technologies Research and development supporting long term profitable GHG reduction Enhanced Late-Life Process, ELP CSS well Non-Condensable Gas, NCG Injector Producer Cyclic Solvent Process, CSP CSS well Infill well Solvent NCG + steam Mobilized bitumen is pumped to surface ■ Non-thermal late life process Reduce water use and GHGi by ~25% Reallocate or shut-in steam Reduce GHGi by ~70%, no water required Pilot startup 2022 Field study startup 2022 Non-thermal cyclic process Reduces GHGi by 90%, no water required Pursuing commercial scale deployment Note: CSP GHGI reduction relative to CSS, NCG and ELP reduction relative to steamflood Imperial |2022 | 38

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