Viking
Oil Gas
Type
Operating
Status
🇨🇦 Canada, Alberta / Saskatchewan (Western Canadian Sedimentary Basin)
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Interest type:
-
Interest type:
-
Interest rate:
-
Interest rate:
-
Extraction:
Unconventional Shale
Extraction:
Unconventional Shale
Interest conditions:
Sensitivity (Dec 31 2025): +/- 1% discount rate → C$19.0M change in recoverable amount; +/- $2.50/bbl oil price → C$45.5M; +/- $0.25/mcf gas → C$3.5M. $148.0M impairment recorded due to negative technical revisions in proved plus probable reserves.
Description
As at 31 December 2025
Light oil tight oil development in the Viking play. 2025 production averaged 9,771 boe/d (80% light oil & condensate). Viking CGU recorded C$148.0M impairment in 2025 due to negative technical revisions in proved plus probable reserves; recoverable amount C$407.2M based on FVLCD model with after-tax discount rate between 12% and 14%. Drilling inventory: 457 net proved + 196 net probable + 263 unbooked locations as at Dec 31 2025 (total 916 net locations).
Oil & Gas metrics
As at 31 December 2025
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Oil & Gas inventory & footprint
As at 31 December 2025
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