Development

Long Run Exploration leverages existing land positions in key plays within its diversified portfolio of properties to grow crude oil volumes.  These plays present lower-risk development opportunities which provide highly attractive rates of return for Long Run shareholders.  Development activity is highest in those areas identified with the most repeatable drilling locations, the most predictable results, and the most acreage from within the portfolio.  By continually striving to improve both cost-efficiency and well productivity in these lower-risk development projects, the company is well-positioned to generate year-over year growth in crude oil volumes.

Business Sustainability

1. Development of light oil play areas through horizontal technology

  • Ongoing development work targeting oil at Peace River in the Montney and at Redwater in the Viking
  • Multi-year inventory of locations
  • Dividend model extends development inventory

2. Opportunistic Acquisitions

  • Target rich environment
  • Highly experienced M&A team

3. Enhanced Recovery

  • Current light oil assets highly amenable to EOR
  • Strong technical team with significant experience in initiating and maintaining EOR
  • Manages corporate decline thereby reducing maintenance capital spending