Saguaro established a large strategic land position in the NE BC Montney, a world class oil and gas play with leading supply costs and economics
50% non-operated working interest in 165 contiguous sections (114,094 gross acres) with Tourmaline as 50% operating partner
Liquids-rich stacked potential
Over-pressured with good permeability
Shallow depth (1,400-1,900 m) reduces drilling cost and improves economics
Significant long-term upside potential with a large inventory of 1,400+ liquids-rich Montney drilling locations
Executing a 17 well joint drilling program over a 12 month period (April 2021 to March 2022)
Capital is allocated to low risk development and is expected to create significant production growth and cash flow
Development program is designed to rapidly grow production to fully utilize Saguaro’s and JV partner’s existing infrastructure while maximizing operational cost efficiencies
Following the completion of the 17 well development program, approximately 8 to 9 wells are required annually to maintain production
50% non-operated working interest in infrastructure including:
140 MMcf/d compression and dehydration facility with amine and condensate stabilization capabilities
12″ gathering system sized to fully support future growth across existing land base
Saguaro has access to multiple markets for its products through existing and future pipelines
Existing and expanding access to AECO, Dawn, Station 2, Chicago, and Sumas hubs
Ideally positioned to provide substantial long-term natual gas supply to West Coast LNG projects
Access to condensate egress via Tourmaline’s 49 km 6″ condensate pipeline from the Saguaro/Tourmaline plant to a truck terminal on the Alaska Highway