MetalPilot - Lloydminster

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Oil Gas

Type

Operating

Status

🇨🇦 Canada, Saskatchewan / Alberta (Western Canadian Sedimentary Basin)

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 51 101

Ownership %: 100

Operator: Yes

Interest type: -

Interest rate: -

Extraction: Conventional Oil Gas

Interest conditions: Sensitivity (Dec 31 2025): +/- 1% discount rate → C$27.25M change in recoverable amount; +/- $2.50/bbl oil price → C$82.5M; +/- $0.25/mcf gas → C$0.5M. Indicator of impairment reversal identified due to decrease in asset-specific discount rate, but no reversal recorded as recoverable amount supports carrying value.

Description

As at 31 December 2025

Heavy oil fairway targeting the broader Mannville stack across the Saskatchewan/Alberta border. 2025 production averaged 12,928 boe/d (98% heavy oil). Increased development activity in 2025 contributed to higher drilling and completion spend. Lloydminster CGU was assessed for impairment reversal in 2025 due to a decrease in the asset-specific discount rate; no reversal recorded as recoverable amount (C$327.2M) supported carrying value. After-tax discount rate applied was between 12% and 14% (proved plus probable reserves cash flow model). Five drilling rigs currently active across heavy oil fairway (split between Peavine Clearwater and Lloydminster Mannville).

Oil & Gas metrics

As at 31 December 2025

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Sector

Commodity

Positioning

Geography

Datasets

Profile

Commodity

Geography

Datasets

Lloydminster

Project information

Description

Oil & Gas metrics

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