Investor Presentaiton
Future resource optionality
Material and diverse portfolio of organic growth opportunities
Aspen rendering of central plant
Duvernay-operated gas plant
Montney
Aspen
Clarke Creek
Fort McMurray
Corner⚫
• Clyden
Duvernay
Edmonton
Calgary
■Large inventory of opportunities
KC
YEARS
1880-2020
▷ In situ development: Aspen, Corner, Clarke Creek, Clyden
▷ Unconventional
Strategic approach to future development
> Minimal investment while maintaining optionality
> Mature next-generation in situ technologies
Major investments on hold, pending:
> Strengthening base assets through capital-efficient
optimizations
▷ Competitiveness with internal and external opportunities
▷ Market, take-away capacity, and regulatory environment
Imperial | 2020 42View entire presentation