The Pembina Cardium is one of the largest and most prolific conventional oil fields in Alberta. ARC has operated in the play since our inception in 1996 and continues to unlock value through time and technology. Key properties include the North Pembina Cardium Unit No. 1, Berrymoor Cardium Unit, Buck Creek, Lindale Cardium Unit, as well as numerous MIPA properties. These properties generate significant free cash flow and have substantial growth opportunities to add high-quality, light oil production and reserves.