Q2 2026 Results — Wednesday, August 5, 2026
Investor Centre
Focused Canadian Oil Producer

Premier Conventional Assets.
Sustainable Free Cash Flow.

develops high-quality light and medium oil reservoirs with disciplined capital allocation, generating reliable returns while upholding the highest standards of environmental and operational responsibility.

At a Glance — Q1 2026

~18,400
boe/d Production
87%
Oil & Liquids
$41.20
Operating Netback /boe
$0.045
Monthly Dividend
Net Debt / Annualized CF 0.6x

A Clear, Repeatable Strategy

Three interconnected pillars guide every capital and operational decision at .

Disciplined Capital Allocation

We prioritize low-risk, high-return development opportunities within our existing asset base. Capital is deployed only where it supports sustainable production and free cash flow generation.

Financial Strength & Flexibility

Maintaining a strong balance sheet and low leverage allows us to weather commodity cycles, return capital to shareholders through our dividend, and pursue opportunistic acquisitions.

Responsible Operations

We are committed to reducing our environmental footprint, managing asset retirement obligations proactively, and operating with transparency and respect for the communities where we work.

Core Operating Areas

holds concentrated, operated positions in two of Western Canada’s most attractive conventional light oil fairways — delivering excellent economics and multi-year drilling inventory.

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Central Alberta

Aurora Light Oil Complex

High-quality light oil from conventional sandstone reservoirs. Multi-lateral horizontal development delivers strong initial rates and rapid capital recovery. Extensive inventory of low-risk locations supported by 3D seismic and vertical well control.

  • Light oil (~36° API)
  • Low on-stream costs
  • Waterflood upside
SE Saskatchewan

Prairie Horizon

Focused, operated light oil asset base with industry-leading operating netbacks. Short cycle times from spud to production, low decline profiles underpinned by waterflood, and meaningful consolidation potential within the fairway.

  • Excellent netbacks
  • Year-round access
  • Low ARO profile
NW Alberta

Northern Ember

Concentrated light oil and liquids-rich gas position. Conventional reef and sandstone plays with strong reservoir quality. Provides portfolio diversity and exposure to both oil and natural gas pricing.

  • Liquids-rich production
  • Infrastructure control
  • Development inventory

Latest News

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Confirms August 2026 Monthly Dividend

The Board of Directors has declared a monthly cash dividend of C$0.045 per common share, payable on August 15, 2026 to shareholders of record on July 31, 2026.

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Strong Q1 2026 Results and Operational Update

Production averaged 18,400 boe/d with oil weighting of 87%. Operating netbacks remained robust and free cash flow supported both the dividend and debt reduction.

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2025 Sustainability & ESG Performance Report Released

published its annual sustainability report highlighting continued progress on emissions intensity reduction, abandonment activity, and community investment.

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Investor Resources

Access our latest corporate presentation, financial reports, and regulatory filings. Stay informed with transparent and timely disclosure.

Latest
Q1 2026 Financial Statements
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Latest
Q1 2026 MD&A
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2026
Annual Information Form
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Summer 2026
Corporate Presentation
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Join Our Growing Team

We are proud of the dedicated professionals who share a passion for responsible Canadian energy development. Explore current opportunities in Calgary and our field operations.

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