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Laricina Energy Ltd
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2014 Annual General Meeting
| Glen Schmidt | Page 1 of 11 |
September 13, 2026
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"2014 Annual General Meeting"
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Good Morning. On behalf of the Laricina Crew welcome to our annual meeting. Looking back on 2013, we did what we set out to do and advanced on the key goals we set at last year’s meeting: - We successfully started up Germain, meeting cost and time objectives - We received the regulatory approvals we were seeking for the Saleski Phase 1 expansion - We received approval for and sold our Stony Mountain Pipeline. Related to the sale, TCPL completed 80 Km of their Grand Rapids pipeline project this past winter - And most recently in 2014, we closed on a $150 MM debt issue in March 2013 provided both challenges and opportunities. The challenge of stewarding our working capital has improved cost efficiencies for both of our projects. And the challenge of raising capital in a tough market provided the opportunity to work further with our largest shareholder in securing our very first debt issuance. On behalf of everyone in the room, regardless of challenge or opportunity, I am proud to share the work of the people of Laricina with you today. 1