Imperial Oil Resources Ltd.: 2019 Harmattan Offering

Imperial Oil Resources Limited (“Imperial”), on behalf of ExxonMobil Canada Energy (“ExxonMobil”), has initiated a process for the disposition of the Harmattan asset consisting of operated and non-operated properties located in central Alberta as further outlined below.

• Virtual Data Room Available:05/23/2019
• Effective Date: 07/01/2019
• Non-Binding Proposals Due: 06/27/2019

Harmattan Area

Over 85,000 Gross / 49,000 Net Hectares

• Additional 33,000 Gross / Net Hectares available for Farmout with sale
• Over 100 net sections of undeveloped cardium

2018 Average Production

• 4,500 BOE per day*
• 54% liquids

Major Producing Formations

• Cardium, Viking, Turner Valley / Elkton and Mississippian

Key Features

• Low decline base production
• Undeveloped liquid upside opportunities including interests in Cardium, Duvernay and Mannville
• Ownership in area infrastructure
• Preferential gas treatment fees
• GLJ Reserve Report available in data room
• LLR = 3.75**

The package represents ExxonMobil’s working interest and a Farmout option.  The Harmattan area includes two operated Units, four non-operated Units, and supporting infrastructure.  Fee title ownership and royalty interests are excluded.

*   2018 Average Production for 11 months due to turnaround
** As per the AER Liability Management Program Report April 1, 2019

Parties interested in signing a Confidentiality Agreement to view the Virtual Data Room, should contact:

Tamara Hawco
587-476-4588
tamara.l.hawco@exxonmobil.com