Period of Performance - Dec 16th, 2017 to Jan 2nd, 2018
The Company's and Vital Energy are in the final stages of frac fluid pump off and stabilization of 101/14-15-18-17W3. Extreme cold weather resulted in lost production days over the holiday season. The company is on track to continue its operations and are pleased with the data collected to date. Once a stabilized fluid rate is achieved, the operator and Cerus will provide a joint news release announcing production results. Cerus and Vital will perform a program and geological review to assess the mechanical efficiencies and performance vs. theoretical modeling.
Cerus funded the program through the LOMAC Syndicate Program to a non-arm's length financier. The financier will retain 160% of the total 180% Penalty Payout on the Pennant, Saskatchewan Play. The tailing 20% and 5% GORR with be retained by Cerus as an earned margin and retained royalty.
Update Cut Off - January 2nd, 2017
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Objective
The objective of Cerus Energy Group (TSXV:CEA) is to build a premier energy portfolio of development interest through its proprietary CWI (Carried Working Interest) capitalization structure.
Strategy/Investment process
Cerus uses a formal Development Finance Program (or DFP) structure to enhance the management and placement of investment capital. Our Finance Program is suitable for long and short-term capital projects with the capability of retained expansion through the provision of rolling development options. The DFP both uses and optimizes a series of revenue sharing mechanisms to recover investment capital and associated fees from inner corporate investments.
*The performance highlighted is past performance and is not a guarantee of future results. Energy companies are subject to certain market risks and the information contained is believed to be accurate at the date of presentation. Investment performance and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. Further explanation: 1. Current Drill Commitments: Are the number of locations required to meet commitments outlined in active CWI agreements. 2. Locations Under Option: Identified locations that are in addition to the CWI primary commitment that the company has the option to develop post primary commitment completion. 3. CWI: is an Cerus developed Carried Working Interest for the purpose of oil and gas participation and funding. Additional information can be obtained from www.cerusenergy.com or call 1-877-837-8864.
Cerus Energy Group Ltd.
Box 1284
Nanton, Alberta, Canada, T0L 1R0
www.cerusenergy.com
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