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Athabasca Oil Sands Corp
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April 2024 Investor Presentation
| Robert Broen | Page 8 of 11 |
April 30, 2024
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"April 2024 Investor Presentation"
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ATHABASCA OIL (TSX:ATH) THERMAL OIL DIVISION PREDICTABLE, LOW DECLINE 7 THERMAL PROPERTIES ~32,000 bbl/d Current Production 2010 First Production LEISMER $135MM 2024e Capital Expenditures HANGINGSTONE 2015 First Production HIGHLIGHTS 404MMbbl & 1,216MMbbl Gross Reserves (Proved & 2P) ~35 years & >100 years Reserve Life Index (Proved & 2P) 100% Working Interest Consolidated reserves and resources as of December 31, 2023. Corner contingent resources Best Estimate. Calculation for Reserve Life Index (“RLI”) is 2023 year end reserves divided by Q4 2023 production. See reader advisory “Additional Oil and Gas Information”, “Reserve Information” and “Non-GAAP Financial Information” for more information. AOC Hangingstone AOC Leismer AOC Corner Hangingstone Surmont Enbridge Cheecham Fort McMurray Jackfish Christina Lake Enbridge Waupisoo 351MMbbl 2P + 520MMbbl Contingent resource >300 vertical wells, top quality resource 40,000 bbl/d regulatory approval in place CORNER (future development)