Lic. No Magellan North Hargrave (WPM)

Transcription

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2 Lic. No Magellan North Hargrave (WPM) A licence to drill a well known as Magellan North Hargrave (WPM) is hereby granted to Magellan Resources Ltd.. The Licensee shall comply with all the provisions of the Oil and Gas Act, the Drilling and Production Regulation and the following terms and conditions:. The Petroleum Branch will forward a copy of the surface lease for the above location to the Surface Rights Board to satisfy the requirements of Section 5 of the Surface Rights Act. 2. Magellan is to provide samples taken at 5m intervals from the surface casing shoe to T.D. One set of samples is to be washed, dried and preserved in vials that are labeled with the name of the well and the depth at which each sample was taken (in accordance with Subsection (2) of the regulation) and shipped to the Rock Preparation Lab at Midland Street in Winnipeg. Samples are to be provided for the st well drilled in the Section. 3. Magellan must ensure that the cover of each sample cutting trays are labeled with the licence #, location and intervals for that particular tray.

3 Lic. No Magellan North Hargrave (WPM)

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5 Science, Technology, Energy and Mines Petroleum Branch Ellice Ave, Winnipeg MB R3G 3P2 T F February 9, 23 Elcano Exploration Inc. 42, 55 6 th Avenue S.W. Calgary, Alberta T2P S2 Attention: Darren Rennie Dear Sir: Re. Lic. No Elcano North Hargrave (WPM) The Branch has approved your request for an extension on the well located at on the following conditions: If the well is to be drilled to the base of Lodgepole the following conditions will apply: perform a leak-off test after drilling out the surface casing shoe and provide the results to the Virden District Office Elcano is to submit an initial injection/disposal report for A to be submitted to the Virden District office If the well is to be drilled to the below the base of Lodgepole the additional conditions will apply: Shut in the salt water disposal located at A have available on lease a supply of drilling fluid of sufficient weight to kill the well in the event of a loss control situation is encountered while drilling have available adequate tankage on lease to handle any fluids that may flow before well control can be re-established Lic # Well Name Location Cancellation Date Revised Cancellation Date 8596 Elcano North Hargrave Feb. 6, 23 July 6, 23 If the subject well is not spudded by the cancellation date, the Director will cancel the above license. The Branch will not be sending you additional notices in respect to this matter. If you have any questions please contact the undersigned at (24) Sincerely, Paulette Seymour Senior Petroleum Technician c. Virden District Office

6 MAGELLANNORTH HARGRAVE WPM WELL SITE, ACCESS ROAD AND RIGHT OF WAY WELL SITE SURFACE LOCATION LSD. 2 SEC. 27 TWP. 2 RGE. 27WPM R.M. of WALLACE RES IDEN CE S KETCH ER ~ RESIDENCE ELKHORN LEGEND O HOSPITAL LIFE FLIGHT EMERGENCY SERVICE O ~256 SECONDARY HIGHWAY isa I L2 PRIMARY HIGHWAY ~44N MUNICIPALROAD LEGEND: Distances are in metres. SCALE: :5 Portions referred to shown thus: U TRANSCANADAHIGHWAY Legal Survey Posts (found/ placed) Planted Wood Hub Fence Lines Oil / Gas Lines Overhead Power Lines Buried Power Cables Buried Telecom Cables Bush Low Area / Slough Water Covered Area x x x G3 Surveyed Well Centre Standing Well Producer Abandoned Producer Abandoned Dry Injection Well Injection Well (Former Producer) Abandoned Water Injection Abandoned Water Injection (Former Producer) Salt Water Disposal Salt Water Disposal (Former Producer) Abandoned Salt Water Disposal Abd. Salt Water Disposal (Former Prod.) Dual Completion Abandoned Dual Complelion Junked and Abandoned Surface Location Horizontal / Diredional / Slant Water Supply Well Abandoned Water Supply Well Abandoned Structure Test Hde + 4 x OPERATOR: MAGEI,I,AiU RESOURCES I,TD. WELL LICENCE INFORMATION THE PROPOSED WELL CENTRE IS: -At least.5 km from the Corporate Limits of a City, Town or Village At least 75m from any shoreline -At least 75m from any Surface Improvements -At least 45m from any surveyed road -Atleast 75m from any aircraft runway or taxiway -At least 75m from any water well -Approximately.3 km from the nearest urban centre (Elkhorn) Opproximately 2.5 km from the nearest residence (NW) WPM) YES NO ~ ~ Altus Geomatics ~ Toll Free: %% Manitoba Client File: N/A NTS SHEET: 62 K/3 ALTUS GEOMATICS File: 4983 gj MEMBER FACILITIES SHOWN ON THIS PLAN ARE FOR INFORMATIONALPURPOSES ONLY. PRIOR TO ANY CONSTRUCTION ON LEASE OR ACCESS ROAD, MAGELLANRESOURCES LTD., MTS COMMUNICATIONS INC., MANITOBA HYDRO, AND MANITOBAHYDRO-GAS OPERATIONS MUST BE CONTACTED FOR LOCATIONOF ANY UNDERGROUND FACILITIES THATMAY EXIST. All distances shown are horizontal and at ground level. Feb. 9, 22 No. DATE All azimuths There are no surface or underground improvements within 76m of well centre except as shown. OTHER FACILITIES MAY EXIST, OF WHICH WE WERE UNAWARE OF OR UNABLE TO LOCATE. are NAD 83 (Zone 4) UTM grid. The Combined Scale Factor derived is ISSUED DESCRIPTION REVISIONS NS DWN FIELD BOOK V29 PAGE(S) N/A Surveyed by: CF Drafted by: NS PFS Checked by: PFS CKD PAGE of3

7 Ci CI LU o LU LU CI ( F(j..25 Sq. I.B. / AZ=9'35'5" GOVERNMENT (GRAVEL) ROAD (7N) ALLOWANCE 59.7 AZ=9 35'5" 3.75 Fd..25 Sq IB O WELL CENTRE ELEVATION: Elevations shown are in Geodetic Datum from the Province of Manitoba Mon. ¹82R748 LOCALCO-ORDINATES 2. N of S Sec Wof EJ UTM CO-ORDINATES (NAD 83) N E ) CSRS UTM CO-ORDINATES (NAD 27) N E LATITUDE/ LONGITUDE(LL83) 5 2'7.573" 5'24.856" ) LATITUDE/ LONGITUDE(LL27) 5 2'7.56" 5'23 82" ) CERTIFICATE OF TITLE SEV WPM CT No /2 OWNERS ALLANROBERT SODER JO-ANNE MARY SODER I certify that the survey i~q4)f'tttis correct to the best>t~pkriowledgeqkl compl wt plan is Fts AREAS: WELL SITE ACCESS ROAD RIGHT OF WAY.44 ha.9 ha.3 ha 3.56 ac.22 ac.7 ac TOTAL.56 ha 3.65 ac MAGELLANNORTH HARGRAVE WPM WELL SITE, ACCESS ROAD AND RIGHT OF WAY Altus Geomatics Manitoba ~D Q was Qo REVISION 4983 PAGE 2 of 3

8 / 3 75 GOVERNMENT ~-. (GRAVEL) ROAD (7N) ALLOWANCE / Fd..25 Sq. I.B AZ=9'35'5" AZ=9'35'5" SIGHT L~INES +.8 km ~. km DETAIL AT 2-27 SCALE :2 MAGELLANNORTH HARGRAVE WPM WELL SITE, ACCESS ROAD AND RIGHT OF WAY Altus Geomatics Manitoba ~D Q was Qo REVISION 4983 PAGE 3 of 3

9 Plan Showing Photo Mosaic of MAGELLANNORTH HARGRAVE WPM Photo Date: August 7, 26. Photo No.: Orthographic Photo WELL SITE PHOTO PLAN 2CO 4CO 5 SCALE - '9, AltuS GeomatiCS Manitoba g RE Toll Free Client File No REV Revision Date February 9, 22 Job No File 4983W Imtials 4983-V CF - NS - PFS

10 FRONT PAGE SUMMARY Tour Sheet Serial Number Vendor Software Version Year Month Day DAILY CHECKS OP RM UNKN3_23226_B Pason ) Daily Walk Around Inspection LH DM Rig No. Well Name Surface Location Prov Loc Type Unique Well Id Kelly Bushing 3) H2S Signs Posted if Required 2) Detailed Inspection - Weekly (Using Check List) LH LH DM DM 3 ELCANO NORTH HARGRAVE 4) Well Licence & Stick Diagram Posted LH W W SK DLS / W/ 4.5 5) Flare Lines Staked DM License No. Operator Contractor Well Type Re-Entry 6) BOP Drills Performed 7) Visually Inspected BOPs - Flare Lines & Degasser Lines 8596 ELCANO EXPLORATION, INC. PARTNER DRILLING VERT Operator s AFE Contractor s Job No Spud Date Time ) Rig Site Health & Safety Meeting (one/crew/month) 2) CAODC Rig Safety Inspection Checklist (one/rig/month) /2/27 :3 3) Mast Inspection before Raising or Lowering DM Signature of Operator Representative Signature of Contractor s Rig manager Rig Release Date Time 4) Crown Saver Checked DM LYNDON HASKEY DUANE MCDONALD 5) Motor Kills Checked DM FUEL 8: HOURS Rig 438 Boiler 269 Op Fuel WEATHER Time Temp Current Conditions CLEAR Wind Direction SW Wind Strength CALM Road Condition GOOD DRILL PIPE Category Thread Type Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Tool Joint OD (mm) MUD PUMPS No. Make Stroke Length (mm) CASING Category Make Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Total Length (m) KB to CSG Head (m) KB to CSG Bottom (m) GENERAL EQUIPMENT & SERVICES Description Hours TOUR SIGNATURE OF DRILLER DUANE MCDONALD START TIME : END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY Safety Topic MUD MATERIALS ADDED Product Amount Type MEHL (kdan) MACP (kpa) METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run 4 Remarks: HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks TOUR 2 SIGNATURE OF DRILLER JUSTIN MCDONALD START TIME 8: END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) MUD MATERIALS ADDED Product Amount Type METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) HOLE CONDITION BOILER No. Hours Run ph Stack Temp ( C) Remarks: SHALE SHAKERS Pason Top Screen Middle Screen Middle Screen Bottom Screen No. Size Changed New Size Changed New Size Changed New Size Changed New TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks 8: 8: SAFETY MEETING W/TRUCKERS PRIOR TO MOVING THE RIG. Depth Out (m) Depth In (m) SOLIDS CONTROL Total Drilled (m) Equipment Name Hours Run Intake Density (kg/m Hrs Run Today 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) CIRCULATION DEVIATION SURVEYS Cumulative Hrs Run Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Time Depth (m) Deviation Direction Type Entry Date 4 Remarks: DULL GRADE T I Gage (mm) Drill Pipe Stands (m) T O ODC Drill Pipe Singles (m) MDC Reason Pulled SAFETY Remarks: Weight of DC (kdan) Kelly Down (m) LOC Total Run (m/hr) Safety Topic MEHL (kdan) MACP (kpa) Weight of string (kdan) Total (m) BRG Rig move TOUR 3 SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME 6: END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY Safety Topic MUD MATERIALS ADDED Product Amount Type MEHL (kdan) MACP (kpa) 6: -4 METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Remarks: DP HW DC 4'' F.H 4'' F.H. 4.5 X.H. 4 DP HWDP D.C Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type 8:5 9:3 5: TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks Remarks: 9:3 5: 6: 6: 22: 22: 24:.25 A 5.5 A MOVE RIG OFF OLD LOCATION. TRANSPORT RIG TO NEW LOCATION AND SET UP W/ TRUCKS. RIG UP RIG UP WAIT ON SWACO ELECTRICIAN. API NO YES API NO YES API 5 NO YES API 5 NO 8: 6: 24: V.. Y- ES

11 FRONT PAGE SUMMARY Tour Sheet Serial Number Vendor Software Version Year Month Day DAILY CHECKS OP RM UNKN3_2332_A Pason ) Daily Walk Around Inspection LH DM Rig No. Well Name Surface Location Prov Loc Type Unique Well Id Kelly Bushing 3) H2S Signs Posted if Required 2) Detailed Inspection - Weekly (Using Check List) LH LH DM DM 3 ELCANO NORTH HARGRAVE 4) Well Licence & Stick Diagram Posted LH W W SK DLS / W/ 4.5 5) Flare Lines Staked DM License No. Operator Contractor Well Type Re-Entry 6) BOP Drills Performed 7) Visually Inspected BOPs - Flare Lines & Degasser Lines 8596 ELCANO EXPLORATION, INC. PARTNER DRILLING VERT Operator s AFE Contractor s Job No Spud Date Time ) Rig Site Health & Safety Meeting (one/crew/month) DM 2) CAODC Rig Safety Inspection Checklist (one/rig/month) /2/27 :3 DM 3) Mast Inspection before Raising or Lowering DM Signature of Operator Representative Signature of Contractor s Rig manager Rig Release Date Time 4) Crown Saver Checked DM LYNDON HASKEY DUANE MCDONALD 5) Motor Kills Checked DM FUEL 8: HOURS Rig 6 Boiler 285 Op Fuel WEATHER Time Temp Current Conditions CLEAR Wind Direction NW Wind Strength CALM Road Condition GOOD DRILL PIPE Category Thread Type Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Tool Joint OD (mm) MUD PUMPS No. Make Stroke Length (mm) CASING Category Make Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Total Length (m) KB to CSG Head (m) KB to CSG Bottom (m) GENERAL EQUIPMENT & SERVICES Description Hours TOUR SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME : END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG MUD RECORD Mud Type Water x Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) : 9 42 Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY Safety Topic MUD MATERIALS ADDED Product Amount Type MEHL (kdan) MACP (kpa) METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run 4 Remarks: HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type SHALE SHAKERS TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks Remarks: FUNCTIONED CROWN SAVER AND CHECKED BRAKE LINKAGE RIG USED 2 SHAKER SCREENS RIG USED 8588 LITERS OF FUEL BOILER USED 538 LITERS OF FUEL. Rig Release 8: hrs. on March 2 / 23. TOUR 2 SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME 8: END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY Safety Topic MUD MATERIALS ADDED Product Amount Type MEHL (kdan) MACP (kpa) METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Remarks: HOLE CONDITION BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type TOUR 3 SIGNATURE OF DRILLER DUANE MCDONALD START TIME 6: END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY Safety Topic MUD MATERIALS ADDED Product Amount Type MEHL (kdan) MACP (kpa) 6: -8 METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Remarks: DP DC 4'' F.H 4.5 X.H. SURFACE Shengli PRODUCTION Dalipal 4 4 DP D.C. J-55 J Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type Pason Top Screen Middle Screen Middle Screen Bottom Screen No. Size Changed New Size Changed New Size Changed New Size Changed New TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks 8: : FINISH TEARING OUT THE RIG. : 6: Remarks: TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks Remarks: : :5 :5 :5 :5 3: 3: 8: 6: 24: B C W/O LEASE/LOCATION AND TRUCKS C W/O LEASE/LOCATION AND TRUCKS. API YES YES API YES YES API 5 YES YES API 5 8: SAFETY MEETING(WITH HALLIBURTON) RIG TO AND CEMENT WITH HALLIBURTON NIPPLE DOWN BOPS(BLOW CASING, SUCK OUT CELLAR, BREAK AND PICK UP STACK, SET SLIPS, CUT CASING) TEAR DOWN YES 6: 24: V.. Y- ES

12 Tour Sheet Serial Number Vendor Software Version Year Month Day DAILY CHECKS OP RM FUEL 8: HOURS DRILL PIPE MUD PUMPS GENERAL EQUIPMENT & SERVICES FRONT PAGE SUMMARY UNKN3_23228_B Pason ) Daily Walk Around Inspection LH DM Rig 354 Category Thread Type Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Tool Joint OD (mm) No. Make Stroke Length (mm) Description Hours 2) Detailed Inspection - Weekly (Using Check List) LH DM Boiler 59 DP 4'' F.H DP Rig No. Well Name Surface Location Prov Loc Type Unique Well Id Kelly Bushing 3) H2S Signs Posted if Required LH DM Op Fuel 4) Well Licence & Stick Diagram Posted DC 4.5 X.H. D.C Pason ELCANO NORTH HARGRAVE LH DM W W SK DLS / W/ 4.5 5) Flare Lines Staked LH DM WEATHER V.. 6) BOP Drills Performed License No. Operator Contractor Well Type Re-Entry LH DM Time 6: 7) Visually Inspected BOPs - Flare Lines & Degasser Lines CASING SHALE SHAKERS LH DM Temp 8596 ELCANO EXPLORATION, INC. PARTNER DRILLING VERT -4 Category Make Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Total Length (m) KB to CSG Head (m) KB to CSG Bottom (m) Top Screen Middle Screen Middle Screen Bottom Screen Operator s AFE Contractor s Job No Spud Date Time ) Rig Site Health & Safety Meeting (one/crew/month) DM Current Conditions CLEAR No. SURFACE Shengli J Size Changed New Size Changed New Size Changed New Size Changed New 2) CAODC Rig Safety Inspection Checklist (one/rig/month) Wind Direction :3 DM Y /2/27 SW API NO YES API NO YES API 5 NO YES API 5 ES 3) Mast Inspection before Raising or Lowering NO Signature of Operator Representative Signature of Contractor s Rig manager Rig Release Date Time Wind Strength 4) Crown Saver Checked CALM DM LYNDON HASKEY DUANE MCDONALD 5) Motor Kills Checked Road Condition DM GOOD TOUR SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME : END TIME 8: DRILLING ASSEMBLY BITS MUD RECORD MUD MATERIALS ADDED METRES DRILLED HOLE CONDITION TIME LOG No. Component OD (mm) ID (mm) Length (m) Bit Number 2 Mud Type Water x Oil Other Product Amount Type From (m) To (m) D-R-C RPM WOB (kdan) Hole Drag Up (kdan) From To Elapsed Code Details of Operations in Sequence & Remarks Size (mm) Time BIT CALCIUM NITRATE 5 SX Hole Drag Down (kdan) : :. 3 WAIT ON CEMENT BIT SUB 59 IADC Code Density (kg/m 3 ).9 HYPERDRIL 24 SK : : SAFETY MEETING Manufacturer Funnel Viscosity (s/l) Torque at Bottom (Nm) DC (6.25 IN) R.B.I. :5 2: NIPPLE UP BOP(CHANGE OUT SPOOL) Type Fluid Loss (cm 3 ) Fill on Bottom (m) STABILZER KX53 2:45 3:.25 7 RIG SERVICE Serial No ph 9 DC (6.25 IN) Z7294A 3: 6: 3. 5 TEST BOP(WITH ACCURATE BOWL, BOWL VALVE, HCR,KILL LINE, CHOKE, PIPE RAMS, REDUCED PUMP SPEED BOILER X/O Jets (mm).... Location BLIND RAMS, ANNULAR, INSIDE BOP & STABBING VALVE 4KPA LOW & 7KPA HIGH No. Pressure (kpa) Strokes/min Depth (m) No. Hours Run ph Stack Temp ( C)... Depth (m) FOR MINS EACH) Depth Out (m) PVT (m 3 ) 6: 7:. 6 TRIPS(RIH AND PUT MOUSEHOLE BACK IN) Depth In (m) 48 7: 8:. 5 TEST BOP SOLIDS CONTROL Total Drilled (m) Equipment Name Hours Run Intake Density (kg/m Hrs Run Today 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) CIRCULATION DEVIATION SURVEYS Cumulative Hrs Run. Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Time Depth (m) Deviation Direction Type Entry Date 23/2/27 4 Drill Pipe 3 Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG SAFETY Safety Topic MEHL (kdan) MACP (kpa) Remarks: Remarks: RAN 3 JTS OF 29. MM, J-55, ST&C, 35.7 KG/M, RANGE 3 CASING WITH 8 RD GUIDE SHOE. FLOAT COLLAR (8RD) SET M. TOUR 2 SIGNATURE OF DRILLER JUSTIN MCDONALD START TIME 8: END TIME DRILLING ASSEMBLY 9 No. Component OD (mm) ID (mm) Length (m) BIT BIT SUB DC (6.25 IN) STABILZER DC (6.25 IN) X/O BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) MUD RECORD Mud Type Water x Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) MUD MATERIALS ADDED Product Amount Type METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks 8: 8: SAFETY MEETING WITH CROSS SHIFT Depth Out (m) 2:3.5 DEVIATION SURVEY AND CONNECTIONS Depth In (m) 2:3 6: DRILL 2MM HOLE FROM 4M TO 33M SOLIDS CONTROL Total Drilled (m) Equipment Name Hours Run Intake Density (kg/m Hrs Run Today 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) CIRCULATION DEVIATION SURVEYS Cumulative Hrs Run. Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Time Depth (m) Deviation Direction Type Entry Date SINGLE : 7..2 WIRELINE Remarks: CHECKED BRAKE LINKAGE, CROWN SAVER, AND FUNCTIONED BLIND RAMS DULL GRADE T I Gage (mm) Drill Pipe Stands (m). T O ODC 3 Drill Pipe Singles (m) MDC Reason Pulled SAFETY Remarks: Weight of DC (kdan) Kelly Down (m) 3.63 LOC Total Run (m/hr) Safety Topic MEHL (kdan) MACP (kpa) Weight of string (kdan) Total (m) 37.8 BRG BOP DRILL TOUR 3 SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME 6: END TIME DRILLING ASSEMBLY BITS MUD RECORD MUD MATERIALS ADDED METRES DRILLED HOLE CONDITION TIME LOG No. Component OD (mm) ID (mm) Length (m) Bit Number Mud Type Water x Oil Other Product Amount Type From (m) To (m) D-R-C RPM WOB (kdan) Hole Drag Up (kdan) From To Elapsed Code Details of Operations in Sequence & Remarks Size (mm) Time BIT 2.9 8:45 LIGNITE 3 SX DRILL 3 Hole Drag Down (kdan) 6: 9: DRILL 2MM HOLE F/ 33M TO 556M. IADC Code Density (kg/m 3 ).25.9 SX 9:5 9:3 7 RIG SERVICE (CHECK BRAKE LINKAGE) BIT SUB 59 ENERPAC REG 2 Manufacturer Funnel Viscosity (s/l) Torque at Bottom (Nm) DC (6.25 IN) SODA ASH 4 SX 9:3 9: SAFETY MEETING(WITH CROSS SHIFT) Type Fluid Loss (cm 3 ) Fill on Bottom (m) STABILZER SOAPSTICK 8 SX 9:45 2:5.5 5 CONDITION MUD & CIRCULATE Serial No ph 9 DC (6.25 IN) :5 24: 3.75 DEVIATION SURVEY ACC. & CONNECTIONS) BOILER X/O Jets (mm) Location No. Hours Run ph Stack Temp ( C) Depth (m) PVT (m 3 ) 8 42 Drill Pipe 47 Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) 2 Total (m) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG. PRESSURE TESTING. SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY CONNECTIONS Safety Topic CALCIUM NITRATE SHALE SPERSE 54 SOAPSTICK 4 2 SX PAIL STICKS MEHL (kdan) MACP (kpa) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run SINGLE Remarks: 4 33 DRILL HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type 6:3 8:3 22: WIRELINE WIRELINE WIRELINE RAN TO A DEPTH OF 48 M. CIRCULATE AND CEMENT ON BOTTOM WITH 9. M3 (9 TONNE), 6% EXCESS FACTORED IN OF VARICEM 678 KG/M3 DISPLACE WITH 4.53 M3 OF H2O WITH 3. M3 OF GOOD CEMENT RETURNS. PLUG DOWN 2:5 HRS ON FEB. 27 / 23. 8:5 8:45 8:45 9:5 9:5 9:3 9:3 : : :5 :5 : :.5 5A.5 2 PRESSURE TEST BOP SAFETY MEETING BOP DRILL.25 7 CHECK FLUID LEVELS ON PUMP AND FLOOR MOTOR GREASE DRIVE LINE.5 2C DRILL OUT CEMENT/DRILL FLOAT&SHOE.25 2 DRILL 2 MMHOLE LEAK OFF TEST WITH ACCURITE Remarks: FUNCTIONED CROWN SAVER AND CHECKED BRAKE LINKAGE 6: 24:

13 FRONT PAGE SUMMARY Tour Sheet Serial Number Vendor Software Version Year Month Day DAILY CHECKS UNKN3_23228_B Pason Rig No. Well Name Surface Location Prov Loc Type Unique Well Id Kelly Bushing HARGRAVE ELCANO NORTH W W SK DLS / W/ 4.5 License No. Operator Contractor Well Type Re-Entry 8596 ELCANO EXPLORATION, INC. PARTNER DRILLING VERT Operator s AFE Contractor s Job No Spud Date Time /2/27 :3 Signature of Operator Representative Signature of Contractor s Rig manager Rig Release Date Time LYNDON HASKEY ) Daily Walk Around Inspection 2) Detailed Inspection - Weekly (Using Check List) 3) H2S Signs Posted if Required 4) Well Licence & Stick Diagram Posted 5) Flare Lines Staked 6) BOP Drills Performed 7) Visually Inspected BOPs - Flare Lines & Degasser Lines ) Rig Site Health & Safety Meeting (one/crew/month) 2) CAODC Rig Safety Inspection Checklist (one/rig/month) 3) Mast Inspection before Raising or Lowering 4) Crown Saver Checked 5) Motor Kills Checked OP RM FUEL 8: HOURS Rig Boiler Op Fuel WEATHER Time Temp Current Conditions Wind Direction Wind Strength Road Condition DRILL PIPE Category Thread Type Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Tool Joint OD (mm) MUD PUMPS No. Make Stroke Length (mm) CASING Category Make Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Total Length (m) KB to CSG Head (m) KB to CSG Bottom (m) GENERAL EQUIPMENT & SERVICES Description Hours TOUR SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME : END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY Safety Topic MUD MATERIALS ADDED Product Amount Type MEHL (kdan) MACP (kpa) METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Remarks: HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks TOUR 2 SIGNATURE OF DRILLER JUSTIN MCDONALD START TIME 8: END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) Stands (m) Singles (m) Kelly Down (m) Total (m) DUANE MCDONALD BITS Bit Number 2 Size (mm) 2 IADC Code Manufacturer R.B.I. Type KX53 Serial No Z7294A Jets (mm) Depth Out (m) Depth In (m) 48 Total Drilled (m) 82 Hrs Run Today 3.25 Cumulative Hrs Run 3.25 Entry Date 23/2/27 DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY Safety Topic MUD MATERIALS ADDED Product Amount Type MEHL (kdan) MACP (kpa) METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Remarks: HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type Remarks: SHALE SHAKERS Pason Top Screen Middle Screen Middle Screen Bottom Screen No. Size Changed New Size Changed New Size Changed New Size Changed New TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks TOUR 3 SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME 6: END TIME DRILLING ASSEMBLY BITS MUD MATERIALS ADDED METRES DRILLED HOLE CONDITION TIME LOG No. Component OD (mm) ID (mm) Length (m) Bit Number 2 Product Amount Type From (m) To (m) D-R-C RPM WOB (kdan) Hole Drag Up (kdan) From To Elapsed Code Details of Operations in Sequence & Remarks Size (mm) 2 Hole Drag Down (kdan) IADC Code Manufacturer R.B.I. Type KX53 Serial No Z7294A Jets (mm) Depth Out (m) Depth In (m) 48 Total Drilled (m) 48 Hrs Run Today 3.25 Cumulative Hrs Run 7.5 Entry Date 23/2/27 MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY Safety Topic MEHL (kdan) MACP (kpa) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Remarks: Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type Remarks: Remarks: 8: 6: 24: V..

14 Tour Sheet Serial Number Vendor Software Version Year Month Day DAILY CHECKS OP RM FUEL 8: HOURS DRILL PIPE MUD PUMPS GENERAL EQUIPMENT & SERVICES FRONT PAGE SUMMARY UNKN3_233_B Pason 23 3 ) Daily Walk Around Inspection LH DM Rig 86 Category Thread Type Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Tool Joint OD (mm) No. Make Stroke Length (mm) Description Hours 2) Detailed Inspection - Weekly (Using Check List) LH DM Boiler 396 DP 4'' F.H DP Rig No. Well Name Surface Location Prov Loc Type Unique Well Id Kelly Bushing 3) H2S Signs Posted if Required LH DM Op Fuel 4) Well Licence & Stick Diagram Posted DC 4.5 X.H. D.C Pason ELCANO NORTH HARGRAVE LH DM W W SK DLS / W/ 4.5 5) Flare Lines Staked LH DM WEATHER V.. 6) BOP Drills Performed License No. Operator Contractor Well Type Re-Entry LH DM Time 6: 7) Visually Inspected BOPs - Flare Lines & Degasser Lines CASING SHALE SHAKERS LH DM Temp 8596 ELCANO EXPLORATION, INC. PARTNER DRILLING VERT -9 Category Make Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Total Length (m) KB to CSG Head (m) KB to CSG Bottom (m) Top Screen Middle Screen Middle Screen Bottom Screen Operator s AFE Contractor s Job No Spud Date Time ) Rig Site Health & Safety Meeting (one/crew/month) DM Current Conditions CLEAR No. SURFACE Shengli J Size Changed New Size Changed New Size Changed New Size Changed New 2) CAODC Rig Safety Inspection Checklist (one/rig/month) Wind Direction :3 DM Y /2/27 E PRODUCTION Dalipal J API NO YES API NO YES API 5 NO YES API 5 ES 3) Mast Inspection before Raising or Lowering NO Signature of Operator Representative Signature of Contractor s Rig manager Rig Release Date Time Wind Strength 4) Crown Saver Checked CALM DM LYNDON HASKEY DUANE MCDONALD 5) Motor Kills Checked Road Condition DM GOOD TOUR SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME : END TIME 8: DRILLING ASSEMBLY BITS MUD RECORD MUD MATERIALS ADDED METRES DRILLED HOLE CONDITION TIME LOG No. Component OD (mm) ID (mm) Length (m) Bit Number 2 Mud Type Water x Oil Other Product Amount Type From (m) To (m) D-R-C RPM WOB (kdan) Hole Drag Up (kdan) From To Elapsed Code Details of Operations in Sequence & Remarks Size (mm) Time BIT : 6: GEL 45 SX DRILL 4 Hole Drag Down (kdan) : 2: DRILL(2MM HOLE FROM 556M - 62M) BIT SUB 59 IADC Code Density (kg/m 3 ).9 SODA ASH 3 SX 2:45 3: CONDITION MUD & CIRCULATE Manufacturer Funnel Viscosity (s/l) Torque at Bottom (Nm) DC (6.25 IN) R.B.I. 54 ENERPAC REG 2 SX 3:3 4:.5 DEVIATION SURVEY & BLOW KELLY Type Fluid Loss (cm 3 ) Fill on Bottom (m) STABILZER KX ENERPAC LO VIS SK 4: 5:3.5 6 TRIPS(WIPER TRIP TO SHOE) Serial No ph 9 DCS Z7294A CAUSTIC 2 SX 5:3 6: CONDITION MUD & CIRCULATE REDUCED PUMP SPEED BOILER X/O Jets (mm).... Location HUMALITE 2 SX 6:5 8:.75 6 TRIPS(BLOW KELLY AND POOH FOR LOGS) No. Pressure (kpa) Strokes/min Depth (m) No. Hours Run ph Stack Temp ( C)... Depth (m) Depth Out (m) 62 PVT (m 3 ) Depth In (m) 48 SOLIDS CONTROL Total Drilled (m) 454 Equipment Name Hours Run Intake Density (kg/m Hrs Run Today 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) 2.75 CIRCULATION DEVIATION SURVEYS Cumulative Hrs Run.25 Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Time Depth (m) Deviation Direction Type Entry Date 23/2/27 SINGLE Remarks: FUNCTIONED CROWN SAVER AND CHECKED BRAKE LINKAGE DULL GRADE T I Gage (mm) Drill Pipe Stands (m). T O ODC 52 Drill Pipe Singles (m) MDC Reason Pulled SAFETY Remarks: Weight of DC (kdan) Kelly Down (m).38 LOC Total Run (m/hr) Safety Topic MEHL (kdan) MACP (kpa) Weight of string (kdan) 2 Total (m) 62. BRG TRIPPING 3 86 TOUR 2 SIGNATURE OF DRILLER JUSTIN MCDONALD START TIME 8: END TIME 6: DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) BIT BIT SUB DC (6.25 IN) X/O BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) MUD RECORD Mud Type Water Oil Other Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) MUD MATERIALS ADDED Product Amount Type METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) HOLE CONDITION BOILER No. Hours Run ph Stack Temp ( C) TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks 8: 8: SAFETY MEETING WITH CROSS SHIFT Depth Out (m) 5:45. 5 CONDITION MUD & CIRCULATE Depth In (m) 5:45 6:.25 6 TRIPS( BLOW OUT KELLY AND GET READY TO LAY OUT PIPE) SOLIDS CONTROL Total Drilled (m) Equipment Name Hours Run Intake Density (kg/m Hrs Run Today 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) CIRCULATION DEVIATION SURVEYS Cumulative Hrs Run Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Time Depth (m) Deviation Direction Type Entry Date Remarks: CHECKED BRAKE LINKAGE, FUNCTIONED CROWN SAVER, FUNCTIONED BLIND RAMS WHEN OUT OF HOLE DULL GRADE T I Gage (mm) Drill Pipe Stands (m). T O ODC 52 Drill Pipe Singles (m) MDC Reason Pulled SAFETY Remarks: Weight of DC (kdan) Kelly Down (m).77 LOC Total Run (m/hr) Safety Topic MEHL (kdan) MACP (kpa) Weight of string (kdan) 2 Total (m) 62.2 BRG LOGGING TOUR 3 SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME 6: END TIME 24: DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG MUD RECORD Mud Type Water x Oil Other Time 6: Density (kg/m 3 ) Funnel Viscosity (s/l) 8 Fluid Loss (cm 3 ) ph Location Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) NONE SAFETY LAYING OUT PIPE Safety Topic MUD MATERIALS ADDED Product Amount Type DESCO 3 SX MEHL (kdan) MACP (kpa) METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Remarks: Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type :5 9: 9: 9:5 9:5 9:45 9:45 3: 3: 3:45 3:45 4:45 4: B.25 2 TRIP OUT OF HOLE AND LAY OUT 6 COLLARS SAFETY MEETING WITH WEATHERFORD LOGGERS.5 RIG UP WEATHERFORD LOGGERS 3.25 A LOGGING - OPEN HOLE LOGS WITH WEATHERFORD.75 LAY OUT WEATHERFORD LOGS. 6A TRIP IN HOLE TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks 6: 8: 8: 2:45 2:45 24: 2. 6F LAY DOWN DRILL PIPE AND 4 DC RIG TO & RUN CASING CIRCULATE Remarks: RAN 55 JTS. OF 39.7 MM, J-55, LT&C, 2.83 KG/M, RANGE 3 CASING WITH 8RD FLOAT SHOE. FLOAT COLLAR (8RD) SET 59.6 M. RAN TO A DEPTH OF 62 M. CIRCULATE AND CEMENT ON BOTTOM WITH 7. M3 (6.5 TONNE), 4% EXCESS FACTORED IN OF 438 KG/M3 OF FILL CEMENT. TAILED IN WITH 4.9 M3 (5 TONNE) OF 68 KG/M3. DISPLACE WITH 7.5 M3 OF H2O. THERE WAS 5. M3 OF GOOD CEMENT RETURNS. PLUG DOWN :2 HRS. ON MARCH 2 / 23.

15 FRONT PAGE SUMMARY Tour Sheet Serial Number Vendor Software Version Year Month Day DAILY CHECKS OP RM UNKN3_23227_B Pason ) Daily Walk Around Inspection LH DM Rig No. Well Name Surface Location Prov Loc Type Unique Well Id Kelly Bushing 3) H2S Signs Posted if Required 2) Detailed Inspection - Weekly (Using Check List) LH LH DM DM 3 ELCANO NORTH HARGRAVE 4) Well Licence & Stick Diagram Posted LH DM W W SK DLS / W/ 4.5 5) Flare Lines Staked LH DM License No. Operator Contractor Well Type Re-Entry 6) BOP Drills Performed LH 7) Visually Inspected BOPs - Flare Lines & Degasser Lines LH DM 8596 ELCANO EXPLORATION, INC. PARTNER DRILLING VERT Operator s AFE Contractor s Job No Spud Date Time ) Rig Site Health & Safety Meeting (one/crew/month) DM 2) CAODC Rig Safety Inspection Checklist (one/rig/month) /2/27 :3 DM 3) Mast Inspection before Raising or Lowering Signature of Operator Representative Signature of Contractor s Rig manager Rig Release Date Time 4) Crown Saver Checked DM LYNDON HASKEY DUANE MCDONALD 5) Motor Kills Checked DM Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG FUEL 8: HOURS Rig 94 Boiler 69 Op Fuel WEATHER Time Temp Current Conditions CLEAR Wind Direction SW Wind Strength CALM Road Condition GOOD DRILL PIPE Category Thread Type Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Tool Joint OD (mm) MUD PUMPS No. Make Stroke Length (mm) CASING Category Make Grade OD (mm) ID (mm) Linear Mass (kg/m) No. of Joints Total Length (m) KB to CSG Head (m) KB to CSG Bottom (m) Remarks: FUNCTIONED CROWN SAVER AND CHECKED BRAKE LINKAGE GENERAL EQUIPMENT & SERVICES Description Hours TOUR SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME : END TIME DRILLING ASSEMBLY BITS MUD RECORD MUD MATERIALS ADDED METRES DRILLED HOLE CONDITION TIME LOG No. Component OD (mm) ID (mm) Length (m) Bit Number Mud Type Water x Oil Other Product Amount Type From (m) To (m) D-R-C RPM WOB (kdan) Hole Drag Up (kdan) From To Elapsed Code Details of Operations in Sequence & Remarks Size (mm) Time BIT : GEL 2 SX 6 DRILL 2 5 Hole Drag Down (kdan) : :3.5 RIG UP(FIX CENTRIFUGE WIREING) RIGGED UP READY TO SPUD BIT SUB 222 IADC Code Density (kg/m 3 ).9 :3 4: A DRILL MOUSEHOLE & RATHOLE Manufacturer Funnel Viscosity (s/l) Torque at Bottom (Nm) X/O :5 4: SAFETY MEETING(PRE-SPUD) Type Fill on Bottom (m) 5 DC (6.25 IN) 59 Fluid Loss (cm 3 ) 45.6 BUTTON 4:3 7: DRILL(2 MM SURFACE HOLE FROM M - 6M) Serial No MK423 ph 7:3 8:.5 DEVIATION SURVEY REDUCED PUMP SPEED BOILER Jets (mm) Location No. Pressure (kpa) Strokes/min Depth (m) No. Hours Run ph Stack Temp ( C) Depth (m) Depth Out (m) PVT (m 3 ) Depth In (m) SOLIDS CONTROL Total Drilled (m) 6 Equipment Name Hours Run Intake Density (kg/m Hrs Run Today 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) 3. CIRCULATION DEVIATION SURVEYS Cumulative Hrs Run 3. Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Time Depth (m) Deviation Direction Type Entry Date 23/2/27 SINGLE SAFETY Safety Topic MEHL (kdan) MACP (kpa) Remarks: SHALE SHAKERS TOUR 2 SIGNATURE OF DRILLER JUSTIN MCDONALD START TIME 8: END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) BITS Bit Number Size (mm) 3 IADC Code Manufacturer Type BUTTON Serial No MK423 Jets (mm) MUD RECORD Mud Type Water x Oil Other MUD MATERIALS ADDED Product Amount Type METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) HOLE CONDITION Hole Drag Up (kdan) Pason Top Screen Middle Screen Middle Screen Bottom Screen No. Size Changed New Size Changed New Size Changed New Size Changed New TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks 8: 8: SAFETY MEETING WITH CROSS SHIFT Time BIT : GEL 5 SX 6 4 DRILL 2 Hole Drag Down (kdan) Density (kg/m 3 ) BIT SUB :5 2: DRILL 3MM HOLE FROM 6M TO 48M Torque at Bottom (Nm) X/O 59 Funnel Viscosity (s/l) :45 4:.25 DEVIATION SURVEY AND CONNECTIONS Fluid Loss (cm 3 ) Fill on Bottom (m) DC (6.25 IN) : 4: D CIRCULATE AND CONDITION FOR REAMER 5 DP(4. IN) ph 4:45 5:3.75 6B TRIP OUT OF HOLE TO MAKE UP REAMER REDUCED PUMP SPEED BOILER REAMER 3.2 Location SHAKER 5:3 6:.5 6A TRIP IN HOLE WITH REAMER No. Pressure (kpa) Strokes/min Depth (m) No. Hours Run ph Stack Temp ( C) Depth (m) Depth Out (m) PVT (m 3 ) Depth In (m) 6 SOLIDS CONTROL Total Drilled (m) 88 Equipment Name Hours Run Intake Density (kg/m Hrs Run Today 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) 7.5 CIRCULATION DEVIATION SURVEYS Cumulative Hrs Run.5 Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Time Depth (m) Deviation Direction Type Entry Date 23/2/27 SINGLE : WIRELINE : WIRELINE Remarks: CHECK BRAKE LINKAGE AND CROWN SAVER DULL GRADE 2: T I Gage (mm) WIRELINE Drill Pipe Stands (m). T O ODC Drill Pipe Singles (m). MDC Reason Pulled SAFETY Remarks: Weight of DC (kdan) Kelly Down (m) 5.97 LOC Total Run (m/hr) 8.38 Safety Topic MEHL (kdan) MACP (kpa) Weight of string (kdan) Total (m) 48. BRG TRIPPING COLLARS TOUR 3 SIGNATURE OF DRILLER STEPHEN KATUSKI START TIME 6: END TIME DRILLING ASSEMBLY No. Component OD (mm) ID (mm) Length (m) Drill Pipe Drill Pipe Weight of DC (kdan) Weight of string (kdan) Stands (m) Singles (m) Kelly Down (m) Total (m) BITS Bit Number Size (mm) IADC Code Manufacturer Type Serial No Jets (mm) Depth Out (m) Depth In (m) Total Drilled (m) Hrs Run Today Cumulative Hrs Run Entry Date DULL GRADE T I Gage (mm) T O ODC MDC Reason Pulled LOC Total Run (m/hr) BRG PRE-SPUD MUD RECORD Mud Type Water Oil Other x Time Density (kg/m 3 ) Funnel Viscosity (s/l) Fluid Loss (cm 3 ) ph 6:3 65 2: 9 4 Location SHAKER Depth (m) PVT (m 3 ) SOLIDS CONTROL Equipment Name Hours Run Intake Density (kg/m 3 ) Over Flow Density (kg/m 3 ) Under Flow Density (kg/m 3 ) SAFETY RUNNING CASING Safety Topic MUD MATERIALS ADDED Product Amount Type MEHL (kdan) MACP (kpa) 6: -4 METRES DRILLED From (m) To (m) D-R-C RPM WOB (kdan) REDUCED PUMP SPEED No. Pressure (kpa) Strokes/min Depth (m) CIRCULATION Pump Type Liner Size (mm) SPM Pressure (kpa) Hours Run Remarks: DP HW DC 4'' F.H 4'' F.H. 4.5 X.H DP HWDP D.C HOLE CONDITION Hole Drag Up (kdan) Hole Drag Down (kdan) Torque at Bottom (Nm) Fill on Bottom (m) BOILER No. Hours Run ph Stack Temp ( C) DEVIATION SURVEYS Time Depth (m) Deviation Direction Type 225 TIME LOG From To Elapsed Code Details of Operations in Sequence & Remarks 6: 6:3 7: Remarks: 8: 8:3 9:3 9:3 2: 2:5 2:5 6:3 7: 8: 8:3 2: 2:5 2:5 24: API NO YES API NO YES API 5 NO YES.5 6A TRIP IN HOLE WITH REAMER.5 5D CIRCULATE AND CONDITION WITH REAMER ON BOTTOM. 6B TRIP OUT OF HOLE AND LAY OUT REAMER.5 2A RIG UP/DOWN TO RUN CASING. 2B RUN CASING.5 5 CONDITION MUD & CIRCULATE.25 2 SAFETY MEETING. 2 CEMENTING WAIT ON CEMENT(PREPARE CELLAR, CUT CASING, WELD ON BOWL & CLEAN TANKS) API 5 NO 8: 6: 24: V.. Y- ES

16 4 i t I I INITIAL PRODUCTION REPORT Two (2) copies of this report are to be completed and submitted to the district office within days following the fifth after the well has been placed on normal production. Well Name: License Number: Operating Company: Battery Well Produced To (name & locations): Completion Interval(s): m to m m to Open Hole: Perforated: Formation: Completion Oil: Source of Completion Oil (Co. & location): Volume Supplied: m 3 Date Supplied:* / / YY MM DD Date YY MM DD Completion Oil Used (m 3 ) Completion Oil Recovered (m 3 ) Completion Oil To Be Recovered (m 3 ) Water Produces (m 3 ) (Continue on separate sheet if necessary) Disposition of Recovered Completion Oil: m 3 to (Co. & location) On-Production Date:* / / YY MM DD * Official on-production date (i.e. date of first new oil production after completion oil recovered). * Date in which the well produces oil in excess of the volume of completion oil used. Production Test: Date YY MM DD Hours Produced Oil Produced m 3 Water Produced m 3 Pumping Flowing Gas-Oil Ratio (m 3/ m 3) Oil Density (kg/ m 3) Totals (Submitted By) (Position) (Telephone) Remarks:

17 INITIAL PRODUCTION Science, Technology, and Mines REPORT Energy Two (2) copies of this report are to be completed and submitted to the district office within days following the fifth after the well has been placed on normal production. Well Name: Elcano No rth Harkt:a~e WPM Lloense Number: 8596 Operatin Compan: Elcano Ex loration Inc. Batte Well Produced To (name & locations: Completion Interval(s): m to 566. Om m to Open Hole: Perforated: X Formation: Lod e ole c--. Completion Oil: Source of Completion Oil (Co. & location): NA Volume Supplied: m Date Supplied:* / / YY MM DD Date YY MM DD Completion (m3) Oil Used Completion Oil Recovered (m ) Completion Oil To Be Recovered (m3) Water Produces (m3) t Continue on separate sheet it necessary) Disposition of Recovered Completion Oil: m3 to (Co. & location) On-Production Date:* 3 /3/ 7 YY MM DD * Official on-production date (i.e. date of first new oil production after completion oil recovered). * Date in which the well produces oil in excess of the volume of completion oil used. Production Test: Date YY MM DD Totals Hours Produced Oil Produced m Water Produced m Pumping Yes Yes Yes Yes Yes Flowing Gas-Oil Ratio m3m) Oil Density (kg/ m3) Darren G. Rennie VP En ineerin E COO (43) (Submitted By) Remarks: (Position) (Telephone)

18 Licence No.: 8596 UWI: W. TVD: 62. Date: March, 23 Geologist: FULTONREGULA FM depth at TD: 56.2 Formation at TD: Lodgepole Deviation: Vertical Directional Horizontal Max temp o C 24 Formation depth penetration at TD 4.8 Date Entered into MOGWIS: July 22, 23 KB Elev: 48.7 Era/Formation Faulted? Eroded MD TVD Isopach Subsea Top Code Geologist MESOZOIC.. MESO FULTONREGULA Cretaceous.. CRET FULTONREGULA Pierre Shale.... PIERRE FULTONREGULA Coulter Member... COULTER FULTONREGULA Odanah Member... ODANAH FULTONREGULA Millwood Member.. MILLWOOD FULTONREGULA Pembina Member PEMBINA FULTONREGULA Gammon Ferruginous GAMMON FULTONREGULA Carlile Formation CARLILE FULTONREGULA Boyne Member (former BOYNE FULTONREGULA Morden Member MORDEN FULTONREGULA Favel Formation (2 nd White Specks) FAVEL FULTONREGULA Assiniboine Member ASSIN FULTONREGULA Keld Member KELD FULTONREGULA Ashville Formation ASHVILLE FULTONREGULA upper Ashville Formation ASHU FULTONREGULA Belle Fourche Member BELLE FULTONREGULA "X" bentonite N/A 62.2 XBENTONITE FULTONREGULA top of Fish-scale FSC FULTONREGULA base of Fish-scale N/A 33.9 BFS FULTONREGULA lower Ashville Formation ASHL FULTONREGULA Westgate Member WEST FULTONREGULA Newcastle Member NEWCAS FULTONREGULA Skull Creek Member SKULLCRK FULTONREGULA Swan River Formation.. SWANR FULTONREGULA... FULTONREGULA Jurassic Y JUR FULTONREGULA Waskada Formation Y WASKADA FULTONREGULA Melita Formation Y MELITA FULTONREGULA upper Melita Member Y MELITAU FULTONREGULA lower Melita Member MELITAL FULTONREGULA Reston Formation Y.. RESTON FULTONREGULA Amaranth Formation. AMAR FULTONREGULA Upper (Evaporites) Member.... AMAREVAP FULTONREGULA Lower (Red Beds) Member. AMARRBDS FULTONREGULA upper shaly unit.. USHALE FULTONREGULA lower sandy unit.... LSANDY FULTONREGULA B sand.... BSAND FULTONREGULA base of B.. N/A. BSANDBS FULTONREGULA A sand.... ASAND FULTONREGULA base of A.. N/A. ASANDBS FULTONREGULA main sand.... MAINSAND FULTONREGULA base of main.. N/A. MAINSANDBS FULTONREGULA lower sand.... LSAND FULTONREGULA base of lower.. N/A. LSANDBS FULTONREGULA... FULTONREGULA

19 Licence No.: 8596 UWI: W. TVD: 62. Date: March, 23 Geologist: FULTONREGULA FM depth at TD: 56.2 Formation at TD: Lodgepole Deviation: Vertical Directional Horizontal Max temp o C 24 Formation depth penetration at TD 4.8 Date Entered into MOGWIS: July 22, 23 KB Elev: 48.7 Era/Formation Faulted? Eroded MD TVD Isopach Subsea Top Code Geologist MESOZOIC PALEOZOIC Y PALEO FULTONREGULA Mississippian Y MISS FULTONREGULA Madison Group Y MADISON FULTONREGULA alteration zone.. MISSALTER FULTONREGULA base of alteration. N/A. MISSALTERBS FULTONREGULA Charles Formation... CHARLES FULTONREGULA Mission Canyon Formation... MISSION FULTONREGULA MC-3 Member... MC3 FULTONREGULA MC-3b... MC3B FULTONREGULA MC-3. N/A. MC3MRK FULTONREGULA Dando Evaporite... DANDO FULTONREGULA base of Dando. N/A. DANDOBS FULTONREGULA MC-3a... MC3A FULTONREGULA MC-2 Member... MC2 FULTONREGULA upper MC-... MC2U FULTONREGULA MC-2. N/A. MC2MRK FULTONREGULA lower MC-... MC2L FULTONREGULA MC- Member... MC FULTONREGULA Lodgepole Formation Y LODGPL FULTONREGULA upper Lodgepole Formation Y LODGPLU FULTONREGULA Flossie Lake Y FLOSSLK FULTONREGULA Whitewater Lake... WHWTLK FULTONREGULA Upper... WHWTLKU FULTONREGULA Lower... WHWTLKL FULTONREGULA lower Lodgepole Formation... LODGPLL FULTONREGULA Virden Member... VIRDEN FULTONREGULA Upper... VIRDENU FULTONREGULA Lower... VIRDENL FULTONREGULA Sandhill... SANDHILL FULTONREGULA First... OOLITE FULTONREGULA base of. N/A. OOLITEBS FULTONREGULA Second... OOLITE2 FULTONREGULA base of. N/A. OOLITE2BS FULTONREGULA Third... OOLITE3 FULTONREGULA base of. N/A. OOLITE3BS FULTONREGULA Fourth... OOLITE4 FULTONREGULA base of. N/A. OOLITE4BS FULTONREGULA Scallion Member... SCALLION FULTONREGULA Routledge... ROUTLEDGE FULTONREGULA Daly Member Y... DALY FULTONREGULA upper Daly Y.... DALYU FULTONREGULA lower Lodgepole Formation Y... LODGPLL FULTONREGULA middle Y.... DALYM FULTONREGULA lower Daly Y... DALYL FULTONREGULA Cruickshank Y... CRUICKSHALE FULTONREGULA Cruickshank Y... CRUICKCRIN FULTONREGULA Cromer Shale... CROMER FULTONREGULA Basal Limestone... BASALLMS FULTONREGULA base of Madison Group. N/A. MADISONBS FULTONREGULA Three Forks Group... TFRKS FULTONREGULA Bakken Formation.... BAKK FULTONREGULA Upper Bakken.... BAKKU FULTONREGULA Middle Bakken... BAKKM FULTONREGULA Devonian Lower Bakken Y... DEV FULTONREGULA... BAKKL FULTONREGULA 2

20 Licence No.: 8596 UWI: W. TVD: 62. Date: March, 23 Geologist: FULTONREGULA FM depth at TD: 56.2 Formation at TD: Lodgepole Deviation: Vertical Directional Horizontal Max temp o C 24 Formation depth penetration at TD 4.8 Date Entered into MOGWIS: July 22, 23 KB Elev: 48.7 Era/Formation Faulted? Eroded MD TVD Isopach Subsea Top Code Geologist MESOZOIC Big Valley Formation Y.. BIGVALLEY FULTONREGULA Torquay Formation Y... TORQUAY FULTONREGULA Unit 4. FULTONREGULA Unit 3. FULTONREGULA Unit 2. FULTONREGULA Unit. FULTONREGULA Saskatchewan Group... SASK FULTONREGULA Birdbear Formation.... BDBEAR FULTONREGULA upper Birdbear.... BDBEARU FULTONREGULA lower Birdbear... BDBEARL FULTONREGULA Duperow Formation... DUPEROW FULTONREGULA Seward Member.. FULTONREGULA Flat Lake Member... FULTONREGULA Wymark Member... FULTONREGULA upper Wymark... FULTONREGULA middle Wymark... FULTONREGULA lower Wymark... FULTONREGULA Manitoba Group... MAN FULTONREGULA Souris River Formation.... SOURIS FULTONREGULA Hatfield Member... FULTONREGULA Souris. N/A. SOURISMRK FULTONREGULA Harris Member... FULTONREGULA Davidson Member... FULTONREGULA First Red Beds... RBD FULTONREGULA Dawson Bay Formation... DAWSONB FULTONREGULA Neely Member... FULTONREGULA Burr Member... FULTONREGULA Second Red Bed Member... RBD2 FULTONREGULA Elk Point Group... ELKPT FULTONREGULA Prairie Formation.... PRAIRIE FULTONREGULA Top of Whitebear.. WHTBEAR FULTONREGULA Base of Whitebear N/A. WHTBEARBS FULTONREGULA Top of Esterhazy.. ESTERHAZY FULTONREGULA Base of Esterhazy N/A. ESTERHAZYBS FULTONREGULA base of halite/potash Winnipegosis Formation Transitional Beds Upper Member Lower Member Ashern Formation Silurian Interlake Group upper Interlake lower Interlake Stonewall Formation upper Stonewall Formation T-marker Ordovician (base of T-marker) lower Stonewall Formation Williams Member Stony Mountain Formation upper Stony Mountain Gunton Member lower Stony Mountain Gunn Member Hartaven Member. N/A. SALTBS FULTONREGULA... WPGOSIS FULTONREGULA... TRANSITIONAL FULTONREGULA... WPGOSISU FULTONREGULA... WPGOSISL FULTONREGULA... ASHERN FULTONREGULA.. FULTONREGULA... SIL FULTONREGULA.... INTERLK FULTONREGULA.... FULTONREGULA... FULTONREGULA... STNWALL FULTONREGULA.... STNWALLU FULTONREGULA... TMRK FULTONREGULA.. FULTONREGULA... ORD FULTONREGULA... STNWALLL FULTONREGULA... WILLIAMS FULTONREGULA... STNYMTN FULTONREGULA.... STNYMTNU FULTONREGULA.... GUNTON FULTONREGULA... STNYMTNL FULTONREGULA.... GUNN FULTONREGULA... HARTAVEN FULTONREGULA 3

21 e NE RGY CGNS'JLTING INC te(( : ' I C EOLOC'IC AL REPORT Elcano North Har~raie ij'-' -'-'. UP%I I K%I iiil II - -ii - - ihj LICENSE =: 8=96 X ertical 5trat. Lodgepole Oil For Elcano Exploration Inc. In XI+i ITOB.& Cại xda ~Iarch. '3 E:- :-i;)=i.. r)-f "E ~ Prepared for: Greg,Jones Elcano Exploration Inc. Prepared bi: Jeff Buckle Re~ie~~ed B~:Adam. J. ~IacD&nald Tectonic Ener~ Consulting r c Inc.

22 ho Terms of Reference Tni. repo.-; 'tub.-.. pcved hi Jctt'Huckl '!lie.,utto. I pr«r d h' Tec:. infc Ere. ' Con-ult r Inc.!,Teccnfc und r flic rupert'is!on ft.-sd, fnf J If ODon., ld P L G'ol). Geo L: C E.T: G ci fence Li ni. otl hei. 'll! of Elc.ftlo Explcr. f'!for Inc.. El unou Th purpose o. -.!o.r,or: fs;c prolfde: cl =fc,ii el,flu. fti n., nd dccunl nfuffor. fit':he Plod' ctl n '. '!entiul. I Elc.;no sortl. H.fr r.f ~ e 2-2 :2-2 LCPSJ LSS I I ' '. b) i'jl - ff,'i fdf. ' The.futllol n I~ tetulr ed oler-ce dr:ii;n oper;ft'fons I, ''L. l u Le!co! ul I Lct 'n ' ccnlpl Ff.ful r.. Ife Geclooft I Rope!!i nde.!ile sup ', 'st ' fit' Re ' 'n!. hie Senlhe.. ~d fnf J fil icdor Lid P L (Geol. GeoL: C ET. Ciecs fence L leer,. ee The uutbor.s.fs rc.foui!hi or fit;fnce fn '.', f;:r,. ',f';n:m. i efnen; cl drfllfn' o. en t:oni fncl d;n: h', not lfm;ted to ec» e.', n Field If., f.cr, het'teen:colo fcnl ~ield oper, ft;on-, inj Elc ro Heud Ot:ice Defi l OLnun lone;n.lr. d:nterp. e;uffon Super; fi:r c:»fh»fr:. fce et, flu ' n.-erl:ce. Ond d, ft; fn:.er..!ot;on Qu f Ill c' I Lf'c 'nd l qu, fit t uisur 'n' e of oil d-t; ' clio d 6: Dum nlun; e;nent und dutu;nterpre;ct;on Prep!fr., tf n of rile ls ell-!e Geillo'fc I Repcrt R I', once =. dot. reiult' nd cocci -:cn. diic.sed;n!iui feo.r: fno' onl' b nisus. ed ~!ter ccr s; 'er tfifn I'tl. e 'utl!. r«full abc=pe of sort' Th» repn. ;s in;er, dud t. he re:d;n Lt tlute. ;Iud section.. emoted rrcfnf fh;s ccntes! should therefore not h. rel fed upon DisciiJner Thfi reoo-! a. -. pre;o-ej hi JeL'I Hucbte:he u.f Jfc. pro".fred ' Tecfun;c Ence Consult, a' lnc Tectoruc under the. Opere!» r, ot sdurn J si~odcr. 'ld P L Geol f. Geo L: C E T, Geo. c;en e L;censee. on h=lbolt of Elcuno Eiplo-. ;if lo.. lrfc,,'elcono. und!i e..lformfuuon, -of cluilcn of;d e Luniut s co;: fned.ie eln fve h.. ed upon fnfo-. '. nution oloil ble tc utbcr uf tbe:fnle cf recort pfeporuf n. Th r. 'IOJes J=to Lnf. Je u;.!iḣie und tbfrd pot. ' fi urces.!nfcf mrftfcn conte!red fn tn; ~ repen fs helfe! ed relfuble hu! ; p. tbe report ' ' c h Ec=nc ed upon fnfc!tf;ftfon r. rc u, fdbfr.!b ou'bcr' ~ con'.'. The ~u'jfcr bus nf, re ~ on:o cue:fcn ule cuolft' or lolfdf". cf Jo'. u ej in rbi ~ repi-rt Comfnenfs ond c nels!. cns precemed n "fc re'..ect:he uufd. o. -' ~ b st tud=tfert ut tbe umc cf rep : pf epic!mt: o..d u-e hu. ej api n fn fi vm t too fff;.!' 'le : '.'n:.!lnfe Tl'. epc'i'! Ol c exp. e e op!'fc.. e"ordul" ex Ii rotf. n un J Je, el. p nen: p, '.en!lot El-"f...s'ot J. H.vg':o e '- ll, 'PsL L ss I li)cl."-: -o: - fs' '.'.fur, ' reccmtfend~t:on ~ fof further coul'»s Tbe e cp;nfcn. und recc nmfendourns re fn:ended:o se-. le us u;dan=: for n;i fe de'e. lpment of me fsell, hu:.bcu'd nc: be Ocr!trued os o O'Jr' I.Lee O su cess

23 GEOLOGICAL REPORT Elean' North Hararase '-' -'-~ U P'iI I I I( I I I o o I I o M I I I I U ell Reached Tntrd Depth iin III fi9 'Illa' =- IIZ:4~ Hrs. Prepared for: Greg Jones Elcano Esploration Inc. Pie=ared hl: 4t. EF F HL E IsL E nisi. dd ilbertx LTLL

24 TABLE OF CONTENTS WEi.. HlS TORV Well Abstract.. Well Data Summary. Formation Tops.. Drill Summary.. Mechanical Summary. Deviation Surveys.... Bit Record. l. ogging Report. Well Licence. SAMPLE RECORDS Geological Descriptions. BACK POCKET Well Logs

25 WEI.L ABSTRACT Elcano North Hargrave WPM was planned as a step out Lodgepole test following on the success of producing wells located at I WPM and WPM. Although not confirmed by core, the target reservoir was thought to bc a microcrystalline limestone with intercrystalline and pinpoint vug porosity. Once underway, drilling operations progressed quite quickly. Drill cutting sample collection began at 4m. Geological markers were seen at elevations close to prognosis with no significant deviations. The top of the Lodgepole was picl ed on the appearance of a grey, blocky, microcrystalline dolomite at 56mKB. A subtle gas kick at 565mKB corresponded to the development of increased porosity and the appearance of some vuggy porosity. This vuggy porosity and the corresponding weak show was interpreted as being the target zone. The mKB sample exhibited a hydrocarbon odor and a very weak hydrocarbon sheen in the sample wash. There was some florescence present. However, selected cuttings did not exhibit any cut when subjected to solvent. Subsequent wireline logging confirmed the existence of the target zone. Wireline logs indicated that the zone was a dolomite with porosity of approximately 5%. Thc zone was quite thin (approximately.5m). Induction logging showed high resistivity across the zone. Induction data may be suspect due to the thinness of the target zone. Total depth was called at 62mKB after samples confirmed the bits passage into the Scallion Member of the Lodgepole formation. Although thin, the target reservoir was present with a thick and tight cap rock overlying the potential reservoir. The decision was made to run production casing to facilitate production testing of the targeted Lodgepole rcscrvoir.

26 WELL DATA SUMMARY Operator: Elcano Exploration Inc. Client: Well Name: U.W.I.¹: Well License Number: 8696 Greg Jones Elcano North Hargrave WPM W4, AFE Number: Surface Location: WPM Surface llole Co-ordinates: 2m N oi's, 685m W of E Sec. 27 Primary Objective: Spud Time and Date: Total Depth Time and Date: Well Status: Elevations: Total Depth: Terminating Formation: Sample Interval: Gas Detector: Drilling Rig: Wellsite Geologist: Lodgcpolc porosity 4:3 hours 27/2/23 2:45 hours /3/23 Cased potential oil well. Ground: 476.2m K.B. Driller: 62tnKB I.ogger: Scallion Member From: 4tnKB To: Pason Gas Detector Partner Drilling Rig ¹3 W. Jeff Huckle 48.7m 62m KB 62m KB Drilling Foreman: Lyndon Haskey Comments: Cased potential oil well.

27 FORMATION TOPS K.B. 48.7m Formation Prognosis Sample Depth Log Depth r mkb ~ SS mkb SS mkb SS

28 DAILY DRILLING SltiXIMARY Date Depth Progress ' DFS Drilling C~ 8, Hours :. Operations '' ' ' 48, 9

29 WIFCHANICAL SLtP IMARY Hale Size aad Casing Size Tl e Hole Size Casino Size Uad Ses(em Saannary IIud CompanI: %oose Xloun:ain Slud %Iud TI pe % a'.e; hase J gael chem.

30 DEl'I ATION' SL'Rl EA'S De th (mkbi Deiiation I'i

31 BIT RECORD Bit¹ Size (mm) Type Depth Depth Meters Hours In (m) Out Drilled (m) Condition Total drilling hours: 2.75

32 R - R- Ri= R H I: f n ni n L. I =si- R=..ldl -. Run =

33 WELL LICENCE APPLICATION FOR WELL LICENCE 'p I I ps «mn Od 4 mi Jil Dv r, dp 4 Amu pps! I d I *o 'lhdll* I fhvpvo ~oo) tq~v ts. I ~ Iat m hl a b C tloa Vo 'Idd fvldlo StbA'es'ie Cal arvab TJPIHI T pb 4".2G5-355 SHL I' fhhpaci LID tom I I 'I. upt dei t l76 IS I " Oqm ' of S of Scc " Gssoomti fe fsec', 2 qra B of 5 of Scc- ' GS5Druhh ofeofsec27 S rf Allan and Jo-Aaoi Soder O p I 7:one B ntnjoaa~ ) Lout erd trd Roet htcdou ll vir Ha dv. steosond. 5lorl v 'oods Fm h ldob dc Rmht L ~B sconlrnd che ivied er) lot ' I. 4 dms C or seo 6 or Lessen'o. T pe*f' OIL P 3 ttd T ta)depth 693m m De on)an I OD I 79 DO 2. 9' '5 Surface hun'sce 4. P9' C JI Stuface Surface ~AC ot t ~CU ondnntn Ltd EtpedtdSp dd I 4-F b.''' R m*~ As tof Co p. tlrdl Ammd Rer urces Ltd Rmb. Jl 2 F h 2 5 DD hi nt 'I I 7 Dam tr o s d. 'mtpt slo Well Licence Nod 8696 LVC)r JB 7rhct lf UCI»d «o~sh'elop)jent(cqbfidevtial) D» t mt Cij FP I

34 SAXIPLE DFSCRIPTIOls'S Sam le Interial imkbi From: 485 To: 49 SHALE; medium rey, suh fliiile tn blocky, calcareous. SHALE: light green. greyish green. smooth. ii aii. From: 49 To: 495 SHALE: medium grci suh lissile to bio-hi. calcareous. SHALE: li ht r iish green. =mooth. some«hat «aiy. From: 495 To: 5 SANDSTONE; v. hite. ieri tine rained. suban ular to sub rounded. «'ell sorted. quartzose. moderateli consolid;ited ii iih a calcareous ma', rii, poor intergranular porositi. no shov, s. SHALE: rei ish green. hlochy. soft. SHALE: medium grei. suh lissile, brittle. From: 5 To: 55 SAXDSTOiNE: v, hite. upper veri tine to fine grained. subangula. ".«'cll sorted. quartz. common pi rite. appears loose and unconsolidated. fair intergranular porosiii. no shov, s. From: 55 To: SANDSTONE: upper tine to loiver medium =-rained. subrounded. veri '..ell sowed. clear and lightli' frosted quartz. unconsolidated v. ith no apparent matrix. veri clean in appearance. ood to cicelleni inter. ranulor porositi. no sho«s. From: 5 To: 55 LIlvIESTOXE: huff to otf v. hite. platei. hard. dense. mudstone. tight. From: 5 To: 52 SANDSTONE: upper flne to lo«er medium grained. subrounded, i cry iiell sorted. clear quartz. i eri clean in appearance. uncon olidated iiith no apparent matrix. excellent porosity. no shov. s. Frotn: 52 To: 525 SAXDSTOXE: tine grained. suhangular to suhrounded. v. ell sorted. clear and trosted quar'. z. loose. very good interganular porositi. veri «eak peuoleum sheen v, ith ii ash. no florescenc. From: 525 To: 53 SANDSTONE: fine to lo«cr medium rained. suhrounded. veri v. ell sorted. qu."stzose. clean. unconsolidated. excellent porositi. no shoii s.

35 I rom: 53 To: 535 SAX DSTOX'E: predominant]i I inc rained. suhrnunded. t erv v, all ~orred, quoi tzose. union olidaied. ]noise. clian. escellent pnroiiti. nn shov. To:! From: 535 SANDSTONE, mediuni rained..uhroundedin rnunded. «ell sorted, quarizose. unionsolidat d. loose, clean. cence]lent )orostti. no sho«s. From: To; 54 SANDSTONE: as abo) i, LO)$'ER Ai) IARANTH; 547mKB SS-66.3m. From: 545 To; 55 SHALE: medium rei, suh lissile. moderate]s hard. SANDSTONE. salt and pepper, ) eri tine to lo«er tine rained, suhan ular. poor]i iorted. clear and frosted quar:z. iommon dark orei and black rains. arot]]aceou.. pinor porosits. no sho«s. From: 56 To: 562, 5 DOLOR' ]TE:v hite to buff. hlocki. dense, rni iociistalline.. ome«hat chalki in appearance. nil el]'citi) e porn iti, pets, isis e Iello«inineral torescence. no cut. LODGEPOLE: 56mKB. -8.3m. Fron); To: 565 DOLONIITE: rei. h]ocks. mirco tn criptocrsstalline. tisib]e micro tu s. occasional dolomite rhnmhs indiiatin= lar=er vu s. good tu=u]ru pornsiti. perroleun) ndor «ith sample v, ash. ) iri «euk petroleum filn) v, ith v, ash. some niineral florescenc, no cut. From;!6! To:!7 DOLOXIITE: oft «hite ro ) eri li ht tan. ) eri fine]i crl fata]line. t isihle n)icrot u=s and fair ;ntercristalline pornitts. no tisih]e stainin. scattered mineral flnrescence. no cut. From: 57 To: 575 DOLO~IITE: (]~a. as aho) e. L&IESTOiNE: «hite. p]atev, hard and brittle. microcri stol]inc. dolomitic. dense. ti. ht.. LOU ER VIRDEI'i 577mKB. SS-96.3m. From: 575 To: 58 LD, IESTONE: «hite. mtcrncristalline. dense. ti ht. From', 58 To: 585 '. LD IESTONE: «hite mottled pink. ) ers fine]i pained -rainstonei i, sot))e scatrered bioclastic maieria' and inc]ustons,

36 Ir m:. S T LI'''. EETr i~': ȯ. o =»:. =: p. ṙ,, ;r.:.-=:,~.-= o,~ -; i-.. - i. o., '...'-: o; uw From; ~err Tm ~9= sc'allio'i XEXIER; o mkb, ss- lrr, )m, From: 9 T(). ' Ail LI' '. EST::i'iE,., '-,. a; -o o -I DRILLER' TOTAI DEPTH; 6r)'mKB. ii-'l&m, rrl rr3 '(rl3, rr';a~ HRi,

37 SUMMARY OF SUYERVISOR'S UALIFICATIONS I, Adam J. MacDonaltl P.L IGcol); Gco.ku C.E/I'. ; Gcoscicncc Licensee, Prolcssional Rci istcrcd Gcoscicndst (Geological Techno logist), residing at NW I 2 63 W5M, ncarcst town ccntcr being thc I-lamlct nl' Jarvic, in thc Province ol' Albcrla, hcrcby ccrtil'y ilia(: I I rcccived ii Diplonm in Geological Technology I'rom ihc Nnrthcni Albcrla Institute ol'technology in Alberta in I have hccn practicing my profession continuously since grailuation. I am a mcmbcr in gixxl standing ol'thc Association ol' Prol'cssuinal Enginccrs, Geologists and Geophysicists of Albcrlii registered as a Professional Liccnscc (Geological), Registration No. M928. With a Dclincd Scope ol' Praciicc Wiihin thc Discipline of Geology: Wcllsilc I'ormation evaluation anil wc(i bore analysis using core and drill cutiings, gas data, cnginccring paramclcrs and pctrophysical dala. I um a mcmbcr in good standing of' Thc Association of' Scicncc and Enginccring Technology Prol'cssionalv of Alberta registered as a CcttiBcd Enginccring Technologist Registration No I am a member in good slaniling ol'thc Association ol' Professional Enginccrs anil Cicoscicntists ol' BC regis(crud as a Limited Liccnscc (Gcoscicncc), Registration No. 62. Willi a Defined Scope ol Practice within thc Discipline ol'geology in thc field of I'ctroleum Geology. Wcllsitc formation evaluation anil well bore analysis Linuicd lo. Work using core and drill cuttings, gas daia, cnginccring paramctcrs and pctrophysical data. I am a mcmhcr in gixxl stunding of' Thc Association of' Professional Enginccrs and Gcoscientiscs of' Saskatchewan rcgistcrcd iis a Gcoscicncc Licensee, Regisiration No. 24(i6. With u DcBncd Scope of' Praciicc wiihin the Discipline ol'geology: Pcirolcum well sile analysis and supervision. I am faniiliar with oil and gas cxplorution having worked on various plays across (hc Wcstcrn Canadian Scdimcnuiry Basin (WCSB). I:im a consulting Geological Technologist and Responsible Mcmbcr lbr Tectonic Energy Consulting Inc. as pcr Thc Association ol'prol'cssional Engineers, Cicologists and Cicnphysicists ol'alberta Permit Number PI(553 in accordance to the Albertu provinciul statute Thc Engineering, Geological and Geophysicul Professions Act. I hold a Ccrlilicatc ol' Aulhorixaiion (Certificate No. 24(t34) as issued by Thc Association ol' Prol'cssional Engineers and Gcoscicntists ol' Saskaichcwan pcrmi(ling Copper Creek Cicologic Consulting Ltd. To practice under section 22 of thc Enginccnng and Geoscicncc Professions Act ol' Saskatchewan to which I am named as thc oflitnal represcnta(ivc. Tectonic Energy Consulting Inc. holds a Ccnilicate of Authorixation (Certilicate No ) as issued by The Associaiion ol' Professional Enginccrs and Geoscientists ol'saskatchewan permitting Copper Creek Geologic Consulting Ltd. To practice under section 22 of the Engineering und Geosciencc Prol'essions Act ol' Saskatchewan (o which I am named as thc ol'licial representative. Thc main source of informauon has been Elcano Exploration Inc. issued well plan and / or drilling prognam and other geological and or geophysical of(set material, various drilling pammeters; real time ROP and Elias Chromatography data (Pason Systems Inc. Electronic Data Recorder (EDR) and Pason Total Cias Sys(cms(EDR)), Ensign Atlantic Directional Services Logging While Drilling (LWD) and directional surveying data, drill cutting obscrvutions. As well as personal knowledge of thc section. I have thoroughly reviewed thc documen( titled Elcano North Hargrave WPM; UWI W. and correspondmg Lithological Logs, performmg suflicient checks, calculations, research and other work and accept responsibility for the document. Through 24 / 7 communication availably to both the author and client; final document review; training and technical bulletins; and conlirmation of core skill sct and crcdcntials of the author were the kcy mcusures taken to ensure thc Tcchnical competence, ethical conduct and integrity of the author and document. 4 5 I am not aware ol'any material fact or matenal change v, ith respect to the subject matter of the Technical Repon that is not rellccted in thc Technical Report, or an omission to disclose which make~ the Technical Report misleading. I am responsible for the preparation of the Wellsite Geological Report titled GEOLOGICAL REPORT Elcano North Hargnave WPM UWI: W. Dated March I, 23 I am independent ol Elcano Explorauon Inc., and there were no circumstances that were or could be scen io interfere with my judpnent in preparing thc Technical Report. Adam). MacDonakl P. L(Geo; Geo. L; C. E.T. ; Geoscience Licensee

38 DATE AND cslgnatune GEOLOGICAL REPORT Elcano North Hargrave WPM UWI: W. LICENSE ¹:8596 Vertical Strat. Lodgepole Oil For Elcano Exploration Inc Adam j. MacDonakl P. C. (Geol) Geo. L; C.e T. ; Geoscence Licensee

39 e NE RGY CGNS'JLTING INC te(( : ' I C EOLOC'IC AL REPORT Elcano North Har~raie ij'-' -'-'. UP%I I K%I iiil II - -ii - - ihj LICENSE =: 8=96 X ertical 5trat. Lodgepole Oil For Elcano Exploration Inc. In XI+i ITOB.& Cại xda ~Iarch. '3 E:- :-i;)=i.. r)-f "E ~ Prepared for: Greg,Jones Elcano Exploration Inc. Prepared bi: Jeff Buckle Re~ie~~ed B~:Adam. J. ~IacD&nald Tectonic Ener~ Consulting r c Inc.

40 ho Terms of Reference Tni. repo.-; 'tub.-.. pcved hi Jctt'Huckl '!lie.,utto. I pr«r d h' Tec:. infc Ere. ' Con-ult r Inc.!,Teccnfc und r flic rupert'is!on ft.-sd, fnf J If ODon., ld P L G'ol). Geo L: C E.T: G ci fence Li ni. otl hei. 'll! of Elc.ftlo Explcr. f'!for Inc.. El unou Th purpose o. -.!o.r,or: fs;c prolfde: cl =fc,ii el,flu. fti n., nd dccunl nfuffor. fit':he Plod' ctl n '. '!entiul. I Elc.;no sortl. H.fr r.f ~ e 2-2 :2-2 LCPSJ LSS I I ' '. b) i'jl - ff,'i fdf. ' The.futllol n I~ tetulr ed oler-ce dr:ii;n oper;ft'fons I, ''L. l u Le!co! ul I Lct 'n ' ccnlpl Ff.ful r.. Ife Geclooft I Rope!!i nde.!ile sup ', 'st ' fit' Re ' 'n!. hie Senlhe.. ~d fnf J fil icdor Lid P L (Geol. GeoL: C ET. Ciecs fence L leer,. ee The uutbor.s.fs rc.foui!hi or fit;fnce fn '.', f;:r,. ',f';n:m. i efnen; cl drfllfn' o. en t:oni fncl d;n: h', not lfm;ted to ec» e.', n Field If., f.cr, het'teen:colo fcnl ~ield oper, ft;on-, inj Elc ro Heud Ot:ice Defi l OLnun lone;n.lr. d:nterp. e;uffon Super; fi:r c:»fh»fr:. fce et, flu ' n.-erl:ce. Ond d, ft; fn:.er..!ot;on Qu f Ill c' I Lf'c 'nd l qu, fit t uisur 'n' e of oil d-t; ' clio d 6: Dum nlun; e;nent und dutu;nterpre;ct;on Prep!fr., tf n of rile ls ell-!e Geillo'fc I Repcrt R I', once =. dot. reiult' nd cocci -:cn. diic.sed;n!iui feo.r: fno' onl' b nisus. ed ~!ter ccr s; 'er tfifn I'tl. e 'utl!. r«full abc=pe of sort' Th» repn. ;s in;er, dud t. he re:d;n Lt tlute. ;Iud section.. emoted rrcfnf fh;s ccntes! should therefore not h. rel fed upon DisciiJner Thfi reoo-! a. -. pre;o-ej hi JeL'I Hucbte:he u.f Jfc. pro".fred ' Tecfun;c Ence Consult, a' lnc Tectoruc under the. Opere!» r, ot sdurn J si~odcr. 'ld P L Geol f. Geo L: C E T, Geo. c;en e L;censee. on h=lbolt of Elcuno Eiplo-. ;if lo.. lrfc,,'elcono. und!i e..lformfuuon, -of cluilcn of;d e Luniut s co;: fned.ie eln fve h.. ed upon fnfo-. '. nution oloil ble tc utbcr uf tbe:fnle cf recort pfeporuf n. Th r. 'IOJes J=to Lnf. Je u;.!iḣie und tbfrd pot. ' fi urces.!nfcf mrftfcn conte!red fn tn; ~ repen fs helfe! ed relfuble hu! ; p. tbe report ' ' c h Ec=nc ed upon fnfc!tf;ftfon r. rc u, fdbfr.!b ou'bcr' ~ con'.'. The ~u'jfcr bus nf, re ~ on:o cue:fcn ule cuolft' or lolfdf". cf Jo'. u ej in rbi ~ repi-rt Comfnenfs ond c nels!. cns precemed n "fc re'..ect:he uufd. o. -' ~ b st tud=tfert ut tbe umc cf rep : pf epic!mt: o..d u-e hu. ej api n fn fi vm t too fff;.!' 'le : '.'n:.!lnfe Tl'. epc'i'! Ol c exp. e e op!'fc.. e"ordul" ex Ii rotf. n un J Je, el. p nen: p, '.en!lot El-"f...s'ot J. H.vg':o e '- ll, 'PsL L ss I li)cl."-: -o: - fs' '.'.fur, ' reccmtfend~t:on ~ fof further coul'»s Tbe e cp;nfcn. und recc nmfendourns re fn:ended:o se-. le us u;dan=: for n;i fe de'e. lpment of me fsell, hu:.bcu'd nc: be Ocr!trued os o O'Jr' I.Lee O su cess

41 GEOLOGICAL REPORT Elean' North Hararase '-' -'-~ U P'iI I I I( I I I o o I I o M I I I I U ell Reached Tntrd Depth iin III fi9 'Illa' =- IIZ:4~ Hrs. Prepared for: Greg Jones Elcano Esploration Inc. Pie=ared hl: 4t. EF F HL E IsL E nisi. dd ilbertx LTLL

42 TABLE OF CONTENTS WEi.. HlS TORV Well Abstract.. Well Data Summary. Formation Tops.. Drill Summary.. Mechanical Summary. Deviation Surveys.... Bit Record. l. ogging Report. Well Licence. SAMPLE RECORDS Geological Descriptions. BACK POCKET Well Logs

43 WEI.L ABSTRACT Elcano North Hargrave WPM was planned as a step out Lodgepole test following on the success of producing wells located at I WPM and WPM. Although not confirmed by core, the target reservoir was thought to bc a microcrystalline limestone with intercrystalline and pinpoint vug porosity. Once underway, drilling operations progressed quite quickly. Drill cutting sample collection began at 4m. Geological markers were seen at elevations close to prognosis with no significant deviations. The top of the Lodgepole was picl ed on the appearance of a grey, blocky, microcrystalline dolomite at 56mKB. A subtle gas kick at 565mKB corresponded to the development of increased porosity and the appearance of some vuggy porosity. This vuggy porosity and the corresponding weak show was interpreted as being the target zone. The mKB sample exhibited a hydrocarbon odor and a very weak hydrocarbon sheen in the sample wash. There was some florescence present. However, selected cuttings did not exhibit any cut when subjected to solvent. Subsequent wireline logging confirmed the existence of the target zone. Wireline logs indicated that the zone was a dolomite with porosity of approximately 5%. Thc zone was quite thin (approximately.5m). Induction logging showed high resistivity across the zone. Induction data may be suspect due to the thinness of the target zone. Total depth was called at 62mKB after samples confirmed the bits passage into the Scallion Member of the Lodgepole formation. Although thin, the target reservoir was present with a thick and tight cap rock overlying the potential reservoir. The decision was made to run production casing to facilitate production testing of the targeted Lodgepole rcscrvoir.

44 WELL DATA SUMMARY Operator: Elcano Exploration Inc. Client: Well Name: U.W.I.¹: Well License Number: 8696 Greg Jones Elcano North Hargrave WPM W4, AFE Number: Surface Location: WPM Surface llole Co-ordinates: 2m N oi's, 685m W of E Sec. 27 Primary Objective: Spud Time and Date: Total Depth Time and Date: Well Status: Elevations: Total Depth: Terminating Formation: Sample Interval: Gas Detector: Drilling Rig: Wellsite Geologist: Lodgcpolc porosity 4:3 hours 27/2/23 2:45 hours /3/23 Cased potential oil well. Ground: 476.2m K.B. Driller: 62tnKB I.ogger: Scallion Member From: 4tnKB To: Pason Gas Detector Partner Drilling Rig ¹3 W. Jeff Huckle 48.7m 62m KB 62m KB Drilling Foreman: Lyndon Haskey Comments: Cased potential oil well.

45 FORMATION TOPS K.B. 48.7m Formation Prognosis Sample Depth Log Depth r mkb ~ SS mkb SS mkb SS

46 DAILY DRILLING SltiXIMARY Date Depth Progress ' DFS Drilling C~ 8, Hours :. Operations '' ' ' 48, 9

47 WIFCHANICAL SLtP IMARY Hale Size aad Casing Size Tl e Hole Size Casino Size Uad Ses(em Saannary IIud CompanI: %oose Xloun:ain Slud %Iud TI pe % a'.e; hase J gael chem.

48 DEl'I ATION' SL'Rl EA'S De th (mkbi Deiiation I'i

49 BIT RECORD Bit¹ Size (mm) Type Depth Depth Meters Hours In (m) Out Drilled (m) Condition Total drilling hours: 2.75

50 R - R- Ri= R H I: f n ni n L. I =si- R=..ldl -. Run =

51 WELL LICENCE APPLICATION FOR WELL LICENCE 'p I I ps «mn Od 4 mi Jil Dv r, dp 4 Amu pps! I d I *o 'lhdll* I fhvpvo ~oo) tq~v ts. I ~ Iat m hl a b C tloa Vo 'Idd fvldlo StbA'es'ie Cal arvab TJPIHI T pb 4".2G5-355 SHL I' fhhpaci LID tom I I 'I. upt dei t l76 IS I " Oqm ' of S of Scc " Gssoomti fe fsec', 2 qra B of 5 of Scc- ' GS5Druhh ofeofsec27 S rf Allan and Jo-Aaoi Soder O p I 7:one B ntnjoaa~ ) Lout erd trd Roet htcdou ll vir Ha dv. steosond. 5lorl v 'oods Fm h ldob dc Rmht L ~B sconlrnd che ivied er) lot ' I. 4 dms C or seo 6 or Lessen'o. T pe*f' OIL P 3 ttd T ta)depth 693m m De on)an I OD I 79 DO 2. 9' '5 Surface hun'sce 4. P9' C JI Stuface Surface ~AC ot t ~CU ondnntn Ltd EtpedtdSp dd I 4-F b.''' R m*~ As tof Co p. tlrdl Ammd Rer urces Ltd Rmb. Jl 2 F h 2 5 DD hi nt 'I I 7 Dam tr o s d. 'mtpt slo Well Licence Nod 8696 LVC)r JB 7rhct lf UCI»d «o~sh'elop)jent(cqbfidevtial) D» t mt Cij FP I

52 SAXIPLE DFSCRIPTIOls'S Sam le Interial imkbi From: 485 To: 49 SHALE; medium rey, suh fliiile tn blocky, calcareous. SHALE: light green. greyish green. smooth. ii aii. From: 49 To: 495 SHALE: medium grci suh lissile to bio-hi. calcareous. SHALE: li ht r iish green. =mooth. some«hat «aiy. From: 495 To: 5 SANDSTONE; v. hite. ieri tine rained. suban ular to sub rounded. «'ell sorted. quartzose. moderateli consolid;ited ii iih a calcareous ma', rii, poor intergranular porositi. no shov, s. SHALE: rei ish green. hlochy. soft. SHALE: medium grei. suh lissile, brittle. From: 5 To: 55 SAXDSTOiNE: v, hite. upper veri tine to fine grained. subangula. ".«'cll sorted. quartz. common pi rite. appears loose and unconsolidated. fair intergranular porosiii. no shov, s. From: 55 To: SANDSTONE: upper tine to loiver medium =-rained. subrounded. veri '..ell sowed. clear and lightli' frosted quartz. unconsolidated v. ith no apparent matrix. veri clean in appearance. ood to cicelleni inter. ranulor porositi. no sho«s. From: 5 To: 55 LIlvIESTOXE: huff to otf v. hite. platei. hard. dense. mudstone. tight. From: 5 To: 52 SANDSTONE: upper flne to lo«er medium grained. subrounded, i cry iiell sorted. clear quartz. i eri clean in appearance. uncon olidated iiith no apparent matrix. excellent porosity. no shov. s. Frotn: 52 To: 525 SAXDSTOXE: tine grained. suhangular to suhrounded. v. ell sorted. clear and trosted quar'. z. loose. very good interganular porositi. veri «eak peuoleum sheen v, ith ii ash. no florescenc. From: 525 To: 53 SANDSTONE: fine to lo«cr medium rained. suhrounded. veri v. ell sorted. qu."stzose. clean. unconsolidated. excellent porositi. no shoii s.

53 I rom: 53 To: 535 SAX DSTOX'E: predominant]i I inc rained. suhrnunded. t erv v, all ~orred, quoi tzose. union olidaied. ]noise. clian. escellent pnroiiti. nn shov. To:! From: 535 SANDSTONE, mediuni rained..uhroundedin rnunded. «ell sorted, quarizose. unionsolidat d. loose, clean. cence]lent )orostti. no sho«s. From: To; 54 SANDSTONE: as abo) i, LO)$'ER Ai) IARANTH; 547mKB SS-66.3m. From: 545 To; 55 SHALE: medium rei, suh lissile. moderate]s hard. SANDSTONE. salt and pepper, ) eri tine to lo«er tine rained, suhan ular. poor]i iorted. clear and frosted quar:z. iommon dark orei and black rains. arot]]aceou.. pinor porosits. no sho«s. From: 56 To: 562, 5 DOLOR' ]TE:v hite to buff. hlocki. dense, rni iociistalline.. ome«hat chalki in appearance. nil el]'citi) e porn iti, pets, isis e Iello«inineral torescence. no cut. LODGEPOLE: 56mKB. -8.3m. Fron); To: 565 DOLONIITE: rei. h]ocks. mirco tn criptocrsstalline. tisib]e micro tu s. occasional dolomite rhnmhs indiiatin= lar=er vu s. good tu=u]ru pornsiti. perroleun) ndor «ith sample v, ash. ) iri «euk petroleum filn) v, ith v, ash. some niineral florescenc, no cut. From;!6! To:!7 DOLOXIITE: oft «hite ro ) eri li ht tan. ) eri fine]i crl fata]line. t isihle n)icrot u=s and fair ;ntercristalline pornitts. no tisih]e stainin. scattered mineral flnrescence. no cut. From: 57 To: 575 DOLO~IITE: (]~a. as aho) e. L&IESTOiNE: «hite. p]atev, hard and brittle. microcri stol]inc. dolomitic. dense. ti. ht.. LOU ER VIRDEI'i 577mKB. SS-96.3m. From: 575 To: 58 LD, IESTONE: «hite. mtcrncristalline. dense. ti ht. From', 58 To: 585 '. LD IESTONE: «hite mottled pink. ) ers fine]i pained -rainstonei i, sot))e scatrered bioclastic maieria' and inc]ustons,

54 Ir m:. S T LI'''. EETr i~': ȯ. o =»:. =: p. ṙ,, ;r.:.-=:,~.-= o,~ -; i-.. - i. o., '...'-: o; uw From; ~err Tm ~9= sc'allio'i XEXIER; o mkb, ss- lrr, )m, From: 9 T(). ' Ail LI' '. EST::i'iE,., '-,. a; -o o -I DRILLER' TOTAI DEPTH; 6r)'mKB. ii-'l&m, rrl rr3 '(rl3, rr';a~ HRi,

55 SUMMARY OF SUYERVISOR'S UALIFICATIONS I, Adam J. MacDonaltl P.L IGcol); Gco.ku C.E/I'. ; Gcoscicncc Licensee, Prolcssional Rci istcrcd Gcoscicndst (Geological Techno logist), residing at NW I 2 63 W5M, ncarcst town ccntcr being thc I-lamlct nl' Jarvic, in thc Province ol' Albcrla, hcrcby ccrtil'y ilia(: I I rcccived ii Diplonm in Geological Technology I'rom ihc Nnrthcni Albcrla Institute ol'technology in Alberta in I have hccn practicing my profession continuously since grailuation. I am a mcmbcr in gixxl standing ol'thc Association ol' Prol'cssuinal Enginccrs, Geologists and Geophysicists of Albcrlii registered as a Professional Liccnscc (Geological), Registration No. M928. With a Dclincd Scope ol' Praciicc Wiihin thc Discipline of Geology: Wcllsilc I'ormation evaluation anil wc(i bore analysis using core and drill cutiings, gas data, cnginccring paramclcrs and pctrophysical dala. I um a mcmbcr in good standing of' Thc Association of' Scicncc and Enginccring Technology Prol'cssionalv of Alberta registered as a CcttiBcd Enginccring Technologist Registration No I am a member in good slaniling ol'thc Association ol' Professional Enginccrs anil Cicoscicntists ol' BC regis(crud as a Limited Liccnscc (Gcoscicncc), Registration No. 62. Willi a Defined Scope ol Practice within thc Discipline ol'geology in thc field of I'ctroleum Geology. Wcllsitc formation evaluation anil well bore analysis Linuicd lo. Work using core and drill cuttings, gas daia, cnginccring paramctcrs and pctrophysical data. I am a mcmhcr in gixxl stunding of' Thc Association of' Professional Enginccrs and Gcoscientiscs of' Saskatchewan rcgistcrcd iis a Gcoscicncc Licensee, Regisiration No. 24(i6. With u DcBncd Scope of' Praciicc wiihin the Discipline ol'geology: Pcirolcum well sile analysis and supervision. I am faniiliar with oil and gas cxplorution having worked on various plays across (hc Wcstcrn Canadian Scdimcnuiry Basin (WCSB). I:im a consulting Geological Technologist and Responsible Mcmbcr lbr Tectonic Energy Consulting Inc. as pcr Thc Association ol'prol'cssional Engineers, Cicologists and Cicnphysicists ol'alberta Permit Number PI(553 in accordance to the Albertu provinciul statute Thc Engineering, Geological and Geophysicul Professions Act. I hold a Ccrlilicatc ol' Aulhorixaiion (Certificate No. 24(t34) as issued by Thc Association ol' Prol'cssional Engineers and Gcoscicntists ol' Saskaichcwan pcrmi(ling Copper Creek Cicologic Consulting Ltd. To practice under section 22 of thc Enginccnng and Geoscicncc Professions Act ol' Saskatchewan to which I am named as thc oflitnal represcnta(ivc. Tectonic Energy Consulting Inc. holds a Ccnilicate of Authorixation (Certilicate No ) as issued by The Associaiion ol' Professional Enginccrs and Geoscientists ol'saskatchewan permitting Copper Creek Geologic Consulting Ltd. To practice under section 22 of the Engineering und Geosciencc Prol'essions Act ol' Saskatchewan (o which I am named as thc ol'licial representative. Thc main source of informauon has been Elcano Exploration Inc. issued well plan and / or drilling prognam and other geological and or geophysical of(set material, various drilling pammeters; real time ROP and Elias Chromatography data (Pason Systems Inc. Electronic Data Recorder (EDR) and Pason Total Cias Sys(cms(EDR)), Ensign Atlantic Directional Services Logging While Drilling (LWD) and directional surveying data, drill cutting obscrvutions. As well as personal knowledge of thc section. I have thoroughly reviewed thc documen( titled Elcano North Hargrave WPM; UWI W. and correspondmg Lithological Logs, performmg suflicient checks, calculations, research and other work and accept responsibility for the document. Through 24 / 7 communication availably to both the author and client; final document review; training and technical bulletins; and conlirmation of core skill sct and crcdcntials of the author were the kcy mcusures taken to ensure thc Tcchnical competence, ethical conduct and integrity of the author and document. 4 5 I am not aware ol'any material fact or matenal change v, ith respect to the subject matter of the Technical Repon that is not rellccted in thc Technical Report, or an omission to disclose which make~ the Technical Report misleading. I am responsible for the preparation of the Wellsite Geological Report titled GEOLOGICAL REPORT Elcano North Hargnave WPM UWI: W. Dated March I, 23 I am independent ol Elcano Explorauon Inc., and there were no circumstances that were or could be scen io interfere with my judpnent in preparing thc Technical Report. Adam). MacDonakl P. L(Geo; Geo. L; C. E.T. ; Geoscience Licensee

56 DATE AND cslgnatune GEOLOGICAL REPORT Elcano North Hargrave WPM UWI: W. LICENSE ¹:8596 Vertical Strat. Lodgepole Oil For Elcano Exploration Inc Adam j. MacDonakl P. C. (Geol) Geo. L; C.e T. ; Geoscence Licensee

57 New Well Summary - Vertical Licence: 8596 Elevations: Ground Elev: m Well Name & Location: ELCANO NORTH HARGRAVE PROV WPM (as noted on well licence) Surface Location: WPM Cut or fill: -.5 m Engineer: Lyndon Haskey With: Armada Revised GE: m Phone: /Fax: lyndonhaskeyhotmail.com Rig K.B.: 4.5 m Push: Duane McDonald Rig Name and Number: Partner 3 Well KB: m SPUD DATE & TIME: 27/2/23 4:3 hrs. Branch Notified? Yes SURFACE CASING: Branch Notified? Yes Surface TD: 48m Casing run: 27/2/23 # of Joints: 3 Size: 29.mm Weight: 35.7kg/m Grade: J-55 Landed at: 48m Cement: 9t of VariCem & 2 % CaCl 2 Returns: 3.m 3 Plug Down: 2:5 hrs Cement Co: Halliburton Branch Notified: YES Dept. Witness: no CORES: DATE INTERVAL RECOVERY / / (top) (bottom) / / (top) (bottom) / / (top) (bottom) FINISHED DRILLING: Date: /3/23 3:3hrs TD: 62m LOGS: Date: /3/23 Logging Company: Weatherford Description: DST s: ) Date: / / Branch Notified: Yes Interval: N/Am Times: / / / Recovery: Initial Pressures: Preflow: Flowing: SI: Hyd: Final Pressures: Flowing: SI: Hyd: 2) Date: / / Branch Notified: Yes Interval: m Times: / / / Recovery: Initial Pressures: Preflow: Flowing: SI: Hyd: Final Pressures: Flowing: SI: Hyd: LONGSTRING: Casing Run: /3/23 # of Joints: 55 Size: 39.7 mm Weight: 2.83 kg/m Grade: J-55 Landed at: 62 m Cement: 6.5 t of VariCem & 438 Tail: 5 t of VariCem & 68 Returns: 5. m 3 Plug down: :2 hrs Cement Co.: Halliburton Calculated Cement Top: Surface - m IT & M Notified: Yes Dept. Witness: No Fluid Loss: NO Volume: M3 Depth: 62 Rig Release: 2/3/23 8: hrs Rig Moving To: WPM Well Status: Waiting on Service Rig (Waiting on Service Rig) or (Plugged & Abandoned - Dry) Weekly Report: / / 8: (Date) STE&M Petroleum Branch Virden (24) Fax (24) or Waskada (24) Fax (24) Remarks: Tours Sample Logs Well check: / / Z:\_MB_Project\_Data_to_do\ELECTRONIC\D_Manual_Verify\D_ doc Revised: September 25, 25

58 Date: February, 22 File No: W.SURF Price Book: 2 Ship To: Sold To: #N/A Quote: HALLIBURTON Magellan Resources Ltd Ave SW Calgary, AB T2P H4 Attention: Mr. Fedor Rudnitski Phone: (36) armada.resourcessasktel.net Magellan North Hargrave W SURFACE CASING CEMENT PROPOSAL VariCem Cementing Cementing System #N/A For further information regarding this program, ram please contact: Account Representative: Chris Slight Phone: (43) Cellular: (43) Technical Representative: Mohamed Elsherif Phone: (43) Fax: (43) Programmer Ref:#'s: Halliburton Field Contact: Customer Service Centre: Red Deer, AB HALLIBURTON 2 Halliburton All Rights Reserved

59 SURFACE CASING CEMENT Magellan North Hargrave rave W HALLIBURTON Well Data Surface Cement Hole Casing 3.5 mm 29.8 mm kg/m J-55 VariCem Surface TD Csg/Hole factor 4 m m 3 /m Optimum Density Yield kg/m 3 m 3 /tonne ~rt Csg Vol. factor.332 m 3 /m Water Requirements.7 m 3 /tonne Excess Volume 5% over gauge Hydrostatic Gradient 6.5 kpa/m Temperature BHST 9 'C C estimated Thickening Time 2:48 hrs 5 o CC BHCT 8 HOT 5 'C C estimated Compressive Strength 3.5 MPa in 5:3 hrs 5 Preflush hrsi 5 o C 3 m3 Water Calculated Slurry Volume = 8.4 m 3 Total Cement (inc. excess) = 8. tonnes Mix Water Required = 5.7 m 3 Estimated Displacement = 4.3 m 3 Estimated Pump Time = 36 min ( m3/min + safety factor) NOTE: Document PM-CA-HES-CMT-4 of the Halliburton Management System (HMS) will be followed to maintain the Safety of all aff personnel and ensure the highest level of Service Quality is attained. RECOMMENDED PROCEDURE. Run casing, condition mud and hole to ensure successful cement placement while maintaining hole stability. 2. Safely spot units and rig up cementing equipment, performing a QC check on all materials and equipment. 3. Hold a pre-job Safety and Procedure meeting with all personel on location. 4. Pressure Test surface treating lines to 2 MPa or % above the maximum expected pressure. CAUTION: THE MAXIMUMPRESSURE REACHED, INCLUDING PRESSURE TESTING, WILL NOT EXCEED THE WORKING PRESSURE OF THE LOWEST RATED COMPONENT IN THE SYSTEM BEING PRESSURIZED. 5. Establish circulation and reciprocate the casing with a 3 to 4 m stroke throughout the cementing operation. 6. Pump the following at m3/min: 3 m3 Water m3 VariCem Varicem Surface mixed at kg/m3 NOTE: If Lost Circulation problems occurred while drilling the following may be performed: * Mix Flocele on the fly4 4 kg/m 3 * Stage displacement and monitor fall back * Change Water wash to Visco Flush 7. Release the TOP plug and displace with 4.3 m3 water. Slow down rate prior to bumping plug and pressure up to 3.5 MPa above displacement pressure. 8. Hold pressure for 3 minutes after landing the plug, then bleed off the pressure and ensure the float is holding. If float equipment does not hold, repressure to MPa above displacement pressure and close valve on head. Install a pressure guage. Monitor and maintain this pressure as required while waiting on cement eight hours. Note: A4A 4 L sample of mixing water will be obtained in order to test production casing cement. This recommendation is to be used as a guide only. Job conditions and field experience expenence must dictate actual lob job procedures. For an Optimum Slurry Temperature the Mixing Water should be 2 o 'C. During Dunng any Cement job slurry should not be allowed to remain static in the annulus for longer than 2 minutes. A real risk nsk of having the cement gel exists and precautions must be taken. "Halliburton excellence meansintegrating Health Safety Environment 29 Halliburton into all of our business activities and creating anincident incident-free workplace" All Rights Reserved

60 February, W.SURF IN Magellan Resources Ltd Magellan North Hargrave Customer Service Center W Mr. Fedor Rudnitski Chris Slight (36) (43) armada.resourcessasktel.net (43) SURFACE CASING CEMENT HALLIBURTON (43) Well Parameters 3.5 mm Hole 29.8 mm kg/m J m3/m csg/hole factor.332 m3/m csg factor mmd 5.4 m m 3 water Calculated Total Hydrostatic Plug Down kpa kpa/m Preflush 3 m3 Water Surface Cement m to 4 m VariCem Surface 5% 5n% excess over gauge 678 kg/m3 density.4 m3/t yield.7 m3/t water requirement 6.5 kpa/m hydrostatic gradient 2: hrs Thickening Time 5 o C 3.5 MPa Mpa Comp. Strength in 5:3 573 hrs 8.4 m3 Slurry Volume (inc. excess) 4.3 m o C kpa Differential Pressure Plug Down estimated 8. Tonnes Cement Required Recommended Pump Rate =. m3/min. OR as well conditions dictate. COMMENTS The bottom hole temperature given above is estimated and may vary from actual depending upon methods used in drilling dnlkng the well. ie. Motor drilling dnlkng can increase the bottom hole temperature drastically. If Lost Circulation problems occur during drilling, dnlkng, the following may be performed: Change water wash to Visco Flush Mix Flocele on the fly 4 kg/m3 Stage Displacement and monitor fall back NOTE: Mud lines knee are NOT to be used for flush 'the stack'nd and only used open ended (no valve that would allow hoses to pressure up) "Halliburton aha//iburton excellence meansintegrating Health Safety Environment 29 Halliburton into all ail of our business activities and creating anincident incident-free workplace" All Rights Reserved

61 Magellan North Hargrave rave W Magellan Resources Ltd - SURFACE CASING CEMENT SURFACE CASING CEMENT COST ESTIMATE (BOM ¹ # 752) Estevan Estevan HALLIIBURTON MATERIALS FROM: SERVICES FROM: EQUIPMENT CHARGES SK SAP Description Quantity UOM Unit Price Amount Discount TOTALS 2838 Casing/Liner - Single Pump Unit st 6 hrs per unit $ 3,7. $ 3,7. 65% $ 2,4.5 $,298.5 Equipment Travel - Per km 2 km / unit $ 9.9 $,8. 65% $,7. 'ro $ Assouated Associated Equipment Package each $,882. $, % $, o $ Subtotal: $ 7,392. $ 2,587.2 MATERIAL CHARGES SK CEMENT 4529 VariCem Cementing System 2342 VariCem Surface 8. 8 t $,22.2 $ 9, % $ 6, ,32 ss $ 3, D-Air 3W 2 L $ $ % $ $ Blending Service Chg, Cmt & Addtvs 8. 8 tonne*unit $ 96. $, % $, $ Delivery - Cement and Materials Matenals 6 hours $ 25. $,5. $, mm Top HWE Plug each $ 882. $ % $ $ Environmental Charge - Mandatory per/ob job $ 233. $ % $ 5.45 $ 8.55 Subtotal: $ 4,7.5 $ 6,33. Book Price Total: $ 2,499.5 TOTAL FOR CEMENT SERVICE: $ 8,72.2 If required, additional items will be charged as per Halliburtons Hagiburtons Price Book 65% discount With the Exception Exes of those Non-Discounted Services (ie. Personnel Charges, Travel, Fuel Surcharges, Etc.) Please refer to the current price book for clarification for any additional items charged Frequently used additional items, 65% discount listed below Pumping Charge Additional Hours - Single $ 2,5. 65% $ per hour 2283 Additional Hours Non-pumping - Single $, % $ per unit/hr 5792 Bulk Truck on Site First 6 Hours: $ 3, % $,29.8 per unit Bulk Truck on Site Additional Hours: $ % $ 88.3 per unit/hr 399 P-Tank $ 2, % $ 82.7 each Third Party Charges Cost plus 25% Pricing Pncing based on SK, and 2 kms travelled from Estevan. 2 Price Book Payment Terms: NET 2 Days The above mileage / hours is only an estimate. Actual kilometres / hours driven dnven will be shown at the time of invoicing. invoiung Pricing Pnung on this the quote will be honoured for 45 days. Pricing Pnung on this ths quote is in effect providing Halliburton Haaibuiton is able to supply manpower and equipment. The Goods and Services Tax will be calculated on the total value of the invoice and will be shown on a separate line at the time of invoicing. invoiung Aa All other Government taxes, including Provincial Provinual Sales Tax, will be added at the time of invoicing. invoiung Halliburton Halliburion Energy Services'oods Goods and Services Tax Registration No. is R Aa All services performed, equipment employed and materials matenals sold are provided in accordance with the Terms and Conditions Condiions specified speufied on the Halliburton Haaibuiton Field Ticket unless a signed service or sales contract governing the services, equipment and materials matenals exists between your company and Halliburton Haaibuiton Energy Services. services "Halliburton vhalli excellence ex'cellence means integrating Health Safety Safegr Environment into all of our business activities and creating an incident-free workplace" 29 Halliburton Hall/Iyurton All Rights Reserved

62 Date: February, 22 File No: W.PRD Price Book: 2 Ship To: Sold To: #N/A Quote: HALLIBURTON Magellan Resources Ltd. 92, 736-8th Avenue SW Calgary, AB T2P H4 Attention: Mr. Fedor Rudnitski Phone: (36) armada.resourcessasktel.net armada.resourcessaskteknet Magellan North Hargrave W PRODUCTION CASING CEMENT PROPOSAL VariCem Cementing Cementing System VariCem Cementing Cementing System #N/A #N/A For further information regarding this program, ram please contact: Account Representative: Chris Slight Phone: (43) Cellular: (43) Technical Representative: Mohamed Elsherif Phone: (43) Cellular: (43) Fax: (43) Programmer Ref:#'s: Halliburton Field Contact: Customer Service Centre: Red Deer, AB HALLIBURTON 2 Halliburton All Rights Reserved

63 PRODUCTION CASING CEMENT CEMENT Magellan North Hargrave rave W HALLIBURTON Well Data Previous Casing Previous Csg TD Hole 29.8 mm 4 m 2.3 mm kg/m J-55 Volume Factors Csg/Csg factor Csg/Hole factor Csg Vol. factor.79 m 3 /m.6 m 3 /m.27 m 3 /m Casing 39.7 mm 2.83 kg/m J-55 Excess Volume lead T~t 4% over gauge MD 693 m tail 5% over gauge TVD 693 m Temperature BHST 4 o 'CC estimated Mud M~dType BHCT 32 o 'CC estimated POLYMER kg/m3 PREFLUSH 4 m3 Water SCAVENGER LEAD CEMENT Volume Density Yield WR m 3 kg/m 3 m 3 /tonne m 3 /tonne LEAD CEMENT Interval m to 5 m VariCem Lead Optimum Density Yield Water Requirements Hydrostatic Gradient kg/m 3 m 3 /tonne m 3 /tonne kpa/m Calculated Slurry Volume Total Cement (inc. exs+scav) Mix Water Required = = = m 3 tonnes m 3 Thickening Time 4 hrs 32 o C Compressive Strength 3.5 MPa in 33 hrs 34 o C API Fluid Loss 23 ml/3min 32 o 'CC TAILCEMENT Interval 5 m to 693 m VariCem Tail Optimum Density Yield Water Requirements kg/m 3 m 3 /tonne m 3 /tonne Calculated Slurry Volume Total Cement (inc. excess) = = m 3 tonnes Hydrostatic Gradient 5.9 kpa/m Mix Water Required = 3. m 3 Thickening Time 3+ hrs 32 o C Compressive Strength 3.5 MPa in 5 hrs 4 o 'CC API Fluid Loss ml/3min 32 o C Estimated Displacement = m 3 Estimated Pump Time ( m3/min ms/min+ + safety factor) = 6 min "Halliburton MHalliburton excellence meansintegrating Health Safety Environment 29 Halliburton into all of our business activities and creating anincident incident-free workplace" All Rights Reserved

64 PRODUCTION CASING CEMENT CEMENT Magellan North Hargrave rave W HALLIBURTON NOTE: Document PM-CA-HES-CMT-4 of the Halliburton Management System (HMS) will be followed to maintain the Safety of all aff personnel and ensure the highest level of Service Quality is attained. RECOMMENDED PROCEDURE. Run casing, condition mud and hole to ensure successful cement placement while maintaining hole stability. 2. Safely spot units and rig up cementing equipment, performing a QC check on all materials and equipment. 3. Hold a pre-job Safety and Procedure meeting with all personel on location. 4. Pressure Test surface treating lines to 2 MPa or % above the maximum expected pressure. CAUTION: THE MAXIMUMPRESSURE REACHED, INCLUDING PRESSURE TESTING, WILL NOT EXCEED THE WORKING PRESSURE OF THE LOWEST RATED COMPONENT IN THE SYSTEM BEING PRESSURIZED. 5. Establish circulation and reciprocate the casing with a 3 to 4 m stroke throughout the cementing operation. 6. Release a Bottom wiper plug (if required) and pump the following at m3/min: 4 m3 Water 3 m3 Scavenger Varioem VariCem Lead mixed at 25 kg/m3 ( Yield = 2.73 and WR = 2.32 ).7 m3 Varioem VariCem Lead mixed at kg/m m3 VariCem Varioem Tail mixed at kg/m3 7. Do not pump cement out of the surface lines. ) Stop mixing and empty tub. 2) Shut in valve on plug loading head and open valve on pump-out tee. 3) Pump fresh water through tub to ensure tub will not set up during displacement period. 4) Shut in recirculation valve on mix tub and set valves on unit to boost displacement from displacement tanks. 5) Boost the HT4's and pump out through the secured lines at 5L/min 5)Jmin until there is clean fresh water emerging from the pump out line. 6) Shut valve on pump out tee and open valve on plug loading head and release the plug. 7) Manually record the volume pumped while displacing. 8. Release the Top wiper plug and displace 8.7m3 water. Slow down rate prior to bumping plug to 3.5 MPa above displacement pressure. 9. Hold pressure for 3 minutes after landing the plug, then bleed off the pressure and ensure the float is holding. If float equipment does not hold, repressure to MPa above displacement pressure and close valve on head. Install a pressure guage. Monitor and maintain this pressure as required while waiting on cement eight hours. Note: This recommendation is to be used as a guide only. Job conditions and field experience expenence must dictate actual lob job procedures. For an Optimum Slurry Temperature the Mixing Water should be 2 o 'C. During Dunng any Cement job slurry should not be allowed to remain static in the annulus for longer than 2 minutes. A real risk nsk of having the cement gel exists and precautions must be taken. "Halliburton excellence meansintegrating Health Safety Environment 29 Halliburton Helliburton into all of our business activities and creating anincident incident-free workplace" All Rights Reserved

65 February, W.PRD wl Well Parameters 29.8 mm Prev Csg kg/m Prev Csg J mm Hole 39.7 mm 2.83 kg/m J-55 Preflush 4 m3 Water Magellan Resources Ltd. Magellan North Hargrave W Mr. Fedor Rudnitski (36) armada.resourcessasktel.net PRODUCTION CASING CEMENT.79 m3/m csg/csg factor.6 m3/m csg/hole factor.27 m3/m csg factor mmd Mud POLYMER ti kg/m3 4 TOC Lead 2.5 m 3 HALLIBURTON Customer Service Center Chris Slight (43) (43) Scavenger Cement 3 m3 ti 25 kg/m3 density 2.73 m3/tonne yield Calculated Total Hydrostatic I'Oatatlc Plug Down kpa kpa/m Lead Cement m to 5 m m 3 m 3 Varicem VariCem Lead 4% excess over gauge kg/m3 density m3/t yield m3/t water requirement kpa/m hydrostatic gradient water 4 hrs Thickening Time 32 o C 3.5 MPa Comp. Strength in 33 hrs 23 cc Fluid Loss/3 min - API AP/ corrected.7 7 m3 Slurry Volume (inc. excess). Tonnes of Scavenger Cement Total Tonnes Cement Required 34 o C TOC Tail 4. 4 Tail Cement 5 m to 693 m 3. m 3 Varicem VariCem Tail 5% excess over gauge 68 kg/m3 density.96 m3/t yield.6 m3/t water requirement 693. m kpa/m hydrostatic gradient 4 o C kpa Differential Pressure te Plug Down 3+ hrs Thickening Time 32 o C estimated 3.5 MPa Comp. Strength in 5 hrs cc Fluid Loss/3 min - API AP/ corrected m3 Slurry Volume (inc. excess) Recommended Pump Rate =. m3/min. OR as well conditions dictate. 5. Total Tonnes Cement Required COMMENTS NOTE: Mud lines knee are NOT to be used for flush 'the stack'nd and only used open ended (no valve that would allow hoses to pressure up) "Halliburton ahalliburton excellence meansintegrating Health Safety Environment 29 Halliburton into all of our business activities and creating anincident incident-free workplace" All Rights Reserved

66 Magellan North Hargrave rave W Magellan Resources Ltd. - PRODUCTION CASING CEMENT HALLIBURTON PRODUCTION CASING CEMENT COST ESTIMATE (BOM # ¹ 7523) MATERIALS FROM: Estevan SERVICES FROM: Estevan EQUIPMENT CHARGES SK SAP Description Quantity UOM Unit Price Amount Discount TOTALS TAL 69 Casing/Liner- - Twin Pump Unit st 6 hrs per unit $ 6,699. $ 6, % 55% $ 4, $ 2, Equipment Travel - Per km 2 km / unit $ 9. 9 $,8. 65% 55% $ 3,7.,f79 $ Assomated Associated Equipment Package each $,882. $, % 55% $ 3, $ Subtotal: $,38. $ 3, MATERIAL CHARGES SK CEMENT CE/i//ENT VariCem Cementing Cementing System Varioem VariCem Lead VariCem Cementing Cementing System Varioem VariCem Tail t ti $ $,597.85, $ $ 2, , % 55% 65% 55% $ $ 8, ,3952 5,93. af $ $ 4, , D-Air 3W 3N 3 L $ $ % 55% $ $ Blending Service Chg, Cmt & Addtvs 3. tonne*unit $ 96. $ 2, % 55% $ 3,656.2,555 $ Delivery - Cement and Materials Matenals 6 hours $ 25. $,5. $, mm Top HWE HlNE Plug each $ 264. $ % $ $ mm Bottom HWE Plug each $ 239. $ % $ $ Environmental Charge - Mandatory per/ob job $ 233. $ % 55% $ 5.45 $ 8.55 Subtotal: $ 25,86.5 $,32.9 Book Price Total: $ 36,87.5 TOTAL FOR CEMENT SERVICE: $ 3, If required, additional items will be charged as per Halliburtons Price Book 65% discount With the Exception Exes of those Non-Discounted Services (ie. Personnel Charges, Travel, Fuel Surcharges, Etc.) Please refer to the current price book for clarification for any additional items charged Frequently used additional items, 65% discount listed below. 692 Pumping Charge Additional Hours - Twin $ 2, % 55% $ 94.8 per hour 42 Additional Hours Non-pumping - Twin $ 2,5. 65% 55% $ per unit/hr 5792 Bulk Truck on Site First 6 Hours: $ 3, % 55% $,29.8 per unit Bulk Truck on Site Additional Hours: $ % 55% $ 88.3 per unit/hr 399 P-Tank $ 2, % 55% $ 82.7 each Third Party Charges Cost plus 25% Pricing based on SK, and 2 2S kms travelled from Estevan. 2 Price Book Payment Terms: NET 2 Days The above mileage / hours is only an estimate. Actual kilometres / hours driven will be shown at the time of invoicing. Pricing on this quote will be honoured for 45 days. Pricing on this quote is in effect providing Halliburton Hagiburton is able to tc supply manpower and equipment. The Goods and Services Tax will be calculated on the total value of the invoice and will be shown on a separate line at the time of invoicing. Ag All other Government taxes, including Provincial Sales Tax, will be added at the time of invoicing. Halliburton Haliburton Energy Services'oods Goods and Services Tax Registration No. is R Ag All services performed, equipment employed and materials sold are provided in accordance with the Terms and Conditions specified on the Halliburton Hagiburton Field Ticket unless a signed service or sales contract governing the services, equipment and materials exists between your company and Halliburton Hagiburicn Energy Services. "Halliburton "Halliburron excellence means integrating Health Safety Environment 29 Halliburton Hallilyurton inta into all ofaur our business activities and creating an incidentfree incident-free workplace" All Rights Reserved

67 Elcano Exploration INC. Elcano North hargrave WPM Initial Completion Dates : 3/3/23 to //9 AFE # / CC# 453 PREPARED BY: Dale Barnard

68 Elcano Exploration INC Well Summary Well Name : Elcano North hargrave WPM Surface Location : UWI W/ Well Licence No : 8596 Workover Type : Workover Summary : Initial Completion Complete the well in the upper Virden Start Date: 3/3/23 AFE# /CC# 453 Final Date: Amount: $ 27,883 Wellsite Supervisor: Dale Barnard Final Costs: $ - ELEVATIONS AND DEPTHS Ground: m. Total Depth : 62. mkb MD, TVD mkb 62 KB - GR : 4.5 m. Casing Set Point : 62. mkb MD KB : m. Plug Back Depth : mkb MD KB - CF : 4.4 m. Kick-Off Point mkb KB - THF: 4 m. SURFACE CSG Size (mm) Weight(kg/m) Grade Coupling J-55 ST&C Landed : 48 mkb mkb PROD CASING Size (mm) Weight(kg/m) Grade Coupling J-55 ST&C Landed : Landed : 62 mkb mkb mkb LINER Size (mm) Weight(kg/m) Grade Coupling Landed : Landed : mkb mkb mkb WELLHEAD DETAIL CEMENT AND STIMULATIONS PERFORATIONS / OPEN HOLE Formation Name Interval Plugs & Packers Status Upper Virden Remarks DAILY SUMMARY 3-Mar-3 rigging out drilling rig to move 5-Mar-3 moving service rig to location 6-Mar-3 pulling tubing out of the well for acid job 7-Mar-3 Swab well 8-Mar-3 wait on testers 9-Mar-3 wait on service rig -Mar-3 #REF! -Mar-3 #REF! 2-Mar-3 #REF! 3-Mar-3 #REF! 4-Mar-3 #REF! 5-Mar-3 #REF! 6-Mar-3 #REF! 7-Mar-3 #REF!

69 EMERGENCY PHONE NUMBERS LOCATION: DIRECTIONS: From Virden take highway west 8.2 km to highway 83 north, go north 4.7 km to road 7n (or Two Creeks road) go west 3.9 km, north into location Air Ambulance N/A AMBULANCE at 9 OR HOSPITAL at 9 OR R.C.M.P. at 9 OR MIEM Virden (24) OR RIG MANAGER: OR RIG CONTRACTOR MAIN OFFICE: OR WELLSITE SUPERVISOR: Dale Barnard OR OH&S / W.C.B. at OHS Regina (8) OR OIL COMPANY REP: Darren Rennie OR

70 ARMADA RESOURCES Emergency Response Plan LTD. MUST be Posted for ALL workers to access Location: Rig: Date: GPS Lat: GPS Long: Directions to Location: Directions to Same as above Nearest Hospital: Contact Name Office/ Home # Cell # 3/3/23 24 hr Emergency # Site Supervisor: Rod Persson Rig Manager: Gov't Agency (ies) Requiring Contact: Agency: (Environment) Agency: (ERCB) Agency: (SER) Agency: T.D.G Phone: OH&S Phone: Manitoba Energy & Mines Phone: Poison Center Phone: 9 Agency: Phone: Telephone Closest Location Estimated Response Time If in doubt Use 9 OR #4567 STARS Fire SITE # Police Hospital OH & S Ambulance: Spill 24 Hr. Hotline Poison Control Centre: 9 Muster Area (s) On Site: Off Site:

71 Elcano Exploration INC WELLBORE SCHEMATIC WELL NAME: Elcano North hargrave WPM DATE: //9 UWI: W/ LICENSE # : 8596 JOB PURPOSE : Initial Completion ELEVATIONS TUBING SIZE mm mm KB EL GRD EL KB to GRD KB to CF KB to TH WEIGHT kg/m kg/m GRADE CASING O.D. mm WEIGHT kg/m GRADE COUPLING LANDED DEPTH TVD TOP Surface J-55 ST&C 48 Intermediate Production J-55 ST&C 62 Liner 892 K.O.P. REMARKS: PBTD PERFS / OPEN HOLE FORMATION STATUS PLUG/PACKER REMARKS Upper Virden TUBING DESCRIPTION ITEM # OD / ID mm DESCRIPTION LENGTH TOP (mkb) 73mm 73mm bar collar mm 73mm tail joint mm 73 mm API PSN mm 59 joints of 73mm tubing mm tubing hanger TOTAL STRING LENGTH WEIGHT OF TUBING STRING ( dan ) 7 STRETCH / COMPRESSION ( +/- m ). TENSION / COMPRESSION ( +/- dan ) KB TO TUBING HANGER 4. LANDED STRING WEIGHT ( dan ) 7 TOTAL STRING LENGTH mkb BOTTOM HOLE PUMP DESCRIPTION ROD DESCRIPTION MAKE / SN SIZE / TYPE PLUNGER BALL / SEAT Quinn QE " max stroke 25-2 RWAC 2-2 Pressure activaed 4 ring PA plunger titaniam carbide -38.mm x 9.4m polish rod 22mm 3scrapered pony 3.5m 22mm scarpered pony.2m 8 22mm scarpered rods BARREL steel crome 29 22mm plain rods SEATING ASSY 3 cup API 23 22mm NETB scarpered rods ACCESSORIES top check PSN 562.