Bighorn Energy Corp. has retained Energy Advisors Group to facilitate the sale of its operated 100% WI non-core Southern Alberta asset near Milo, which is comprised of 3.5 net sections of crown and freehold mineral leases and 5 producing wells. There is significant upside through horizontal drilling and/or recompletions.

Map Showing Location of Producing Assets & Cross Section A-A

This quick mid-value Sale Package has reported an average annual net cash flow from operations over the past four years of $375,000 year. Recent economics highlight a PDP reserve valuation of around $1,000,000.

Facilities include the Bighorn Oil Battery located at 5-5-19-23W4.

Geology---

There are four (4x) stacked sandstones reservoirs within the Ellerslie Formation over the acreage which IP 30-40 Bopd and Cum 30-40 MBO under vertical conventional development.

Structural Cross Section A-A' Showing Stacked Ellerslie Pay Zones Through Section 5

Six miles offsetting to the East exists the analogous field developed by Husky using horizontal drilling.

Map Showing Successful Hz Drilling Offsetting Bighorn Acreage With Ellerslie Prod'n Bubbles

Performance of the Husky horizontal wells were remarkably better than any of the nearby vertical wells. IP rates up to 194 BOPD were achieved, indicative of a 4-fold IP increase from the vertical wells.

Our client would like to have offers received by June 28, 2024 and questions can be directed to the undersigned.

TO LEARN MORE

Energy Advisors Group

Mr. Bill Petrie

Director

650, 727 - 7th Avenue SW

Calgary, AB T2P 0Z3

CANADA

---Phone: 403-294-1906 and Fax: Direct: 403-869-2705 Cell: 403-869-2705

---Email: bpetrie@energyadvisors.com

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