Strathcona Resources Ltd (SCR) NPV

Strathcona Resources Ltd. is a Canada-based pure-play heavy oil company with operations focused on thermal oil and enhanced oil recovery. The Company’s segments include Lloydminster Heavy Oil and Cold Lake. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. The Lloydminster segment includes a combination of conventional heavy oil and thermal operations, primarily located in southwest Saskatchewan. Its primary conventional assets within its Lloydminster Segment are Cactus Lake and Greater Bodo. It operates three producing assets in the Cold Lake region of Alberta: Lindbergh, Orion and Tucker. The assets are developed with a combination of well pairs and infill wells utilizing steam-assisted gravity drainage (SAGD) technology to produce bitumen from Clearwater, Lloydminster, Colony, and Upper Grand Rapid formations.