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Strathcona Resources Ltd
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April 2024 Corporate Presentation
| Rob Morgan | Page 24 of 11 |
May 17, 2024
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Carbon Capture Strategy Concentrated Point Source Atop Suitable Pore Space Supportive Regulatory Framework Athabasca Oil Sands Canadian Conventional / Shale Oil U.S. Conventional / Shale Oil Gulf Coast U.S. Industrial Emissions European oil and gas Asia/Latam/Africa Industrial Emissions EU Industrial Emissions Middle East Conventional Oil ? Saskatchewan sequestration approval received (first operator in province) ? Two carbon sequestration test wells drilled in Lloydminster thermal assets; FEED study completed Carbon Capture Economic Drivers Progress to Date Suitable CO2 Storage Reservoirs SCR Thermal Projects Pathways Group Projects CO2 Storage Reservoirs vs. Major Oil Sands Projects Strathcona’s Cold Lake and Saskatchewan thermal assets are uniquely suited for CCUS, leading to attractive economics and an accelerated development timeline Cold Lake + Lloydminster Thermal Oil