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Southwestern Energy Co
Southwestern Energy Co Update
| Harold M. Korell | Page 16 of 11 |
April 27, 2017
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"Southwestern Energy Co Update"
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15 Marysville 2,309,247 acres Cocagne 209,271 acres McCully Field Stoney Creek Green Road G-41 Well • SWN currently holds exploration licenses to over 2.5 million acres within the Maritimes Basin • Principal targets are the conventional and unconventional sandstone and shale reservoirs of the Horton Group (Frederick Brook Shale) • Oil and gas production from fields along southern flank: • McCully – reserves 190 bcfg • Stoney Creek – cum 800,000 bo, 30 bcfg • 3-year initial exploration license to complete work program • $47MM total work commitment with options for multiple 5-year extension leases • $10.7MM invested in 2010; $14.2MM investment planned for 2011 • Maximum 12.5% royalty New Ventures - New Brunswick, Canada Project 2010 2D SEISMIC TEST (Doaktown) 2010 2D SEISMIC TEST (Killams Mills)