REUSCH

GLOBAL OPERATIONS

Projects at the Frontier

Reusch currently has three major projects in active development across the United Kingdom, United States, and Canada. Each project is managed by an in-country team reporting to our London head office.

ALLUNITED KINGDOMUNITED STATESCANADA
UNITED KINGDOM

Active Production

North Sea Block 16/26

North Sea Block 16/26

Shetland Basin, 160 km north-east of Aberdeen, UK Continental Shelf

OIL & GAS

Block 16/26 is Reusch's flagship North Sea asset, a mature oil field that has been producing since 1998. The field currently produces approximately 8,000 barrels of oil per day from six producing wells. A 2021 infill drilling campaign added three new production wells, extending the economic life of the field to 2038. Operations are conducted from the Reusch Endurance fixed steel jacket platform.

8,000 bopd

Current Production

6

Producing Wells

2038

Licence Expiry

UNITED STATES

Drilling Phase

Delaware Sub-basin — Wolfcamp Play

Delaware Sub-basin — Wolfcamp Play

Reeves County, Texas — Permian Basin

OIL & GAS · DRILLING

Reusch holds a 40% working interest in a 22,000-acre unconventional oil play targeting the Wolfcamp and Bone Spring formations in the Delaware Basin. The current drilling programme targets horizontal wells with lateral lengths of up to 3.2 km. Three wells are currently in the drilling phase, with first production anticipated in Q3 2025.

22,000 ac

Licence Area

3.2 km

Max Lateral Length

40%

Working Interest

CANADA

Pre-Production

Athabasca Oil Sands — Phase II

Athabasca Oil Sands — Phase II

Wood Buffalo Region, Alberta

OIL & GAS · DRILLING

Phase II of Reusch’s Athabasca project represents a significant expansion of in-situ thermal operations using Steam-Assisted Gravity Drainage (SAGD) technology. The Phase II development targets 180 MMbbl of bitumen resources, with a planned peak production rate of 15,000 bopd. Construction of the central processing facility commenced in 2024, with first steam injection anticipated in late 2026.

180 MMbbl

Target Resource

15,000 bopd

Peak Rate

2026

First Steam

OUR OFFICES

Where We Operate From

Three offices across two continents, each managing an in-country project portfolio and reporting to our London head office.

London

Head Office

1 Canada Square

London E14 5AB

United Kingdom

+44 7715 814867

Houston

US Operations

1100 Louisiana Street

Suite 5100

Houston TX 77002

+1 713 555 0182

Calgary

Canada Operations

Eighth Avenue Place

525 8th Avenue SW

Calgary AB T2P 1G1

+1 403 555 0291