Boulder Energy Ltd
540, 222 - 3rd Ave SW, Calgary, Alberta, Canada

Boulder Energy Ltd. is a growth-oriented private junior oil and natural gas producer based in Calgary, Alberta. Boulder’s primary focus is driving sustainable organic growth at its Company-operated, high working interest multi-zone Belly River pool at Brazeau in the Alberta Deep Basin.

Boulder was founded through a Plan of Arrangement that divided DeeThree Exploration Ltd. into two pure-play companies, Granite Oil Corp. and Boulder Energy Ltd. The plan was approved by a vote of shareholders on May 14, 2015, and each new company began trading on the Toronto Stock Exchange on May 21, 2015.On April 13, 2016, Boulder completed a going private transaction by way of a statutory plan of arrangement (the "Arrangement") involving Boulder and 1951556 Alberta Ltd. (the "Purchaser") a portfolio company of ARC Energy Fund 8 (a private equity fund raised and advised by ARC Financial Corp.). Boulder's common shares were delisted from the TSX and the OTCQX on April 15, 2016 and concurrent with the delisting, Boulder ceased to be a reporting issuer.Boulder is excited to be partnering with ARC Financial Corp., one of the leading private equity investors in the energy sector. With ARC's backing and expertise, Boulder is well positioned to execute on our business plan of pursuing multiple exploration and development projects simultaneously in order to maximize shareholder value through growth in reserves, production and cash flow.The Belly River pool at Brazeau has been substantially de-risked through horizontal, multi-stage-fractured wells drilled into 10 separate stacked zones and sub-zones. The property includes complete Company-owned infrastructure to produce, process and market oil, natural gas and natural gas liquids, with sufficient spare capacity to accommodate significant production growth.

Boulder’s strategy is straightforward: to pursue sustainable organic growth at the Company’s core Belly River asset at Brazeau, using the proven technical model of horizontal wells completed with multi-stage fracturing. With a horizontal well inventory of 430 locations and only 60 horizontal wells on-production upon Boulder’s founding in May 2015, Brazeau offers the scale needed to power the growth of a large junior producer into the intermediate class.The Belly River pool at Brazeau delivered production growth of 700 percent in the period 2012 through 2014 under Boulder’s predecessor company, DeeThree, including growth of 15 percent in the fourth quarter of 2014. Boulder’s business model was developed by the Company’s founding management team and Board of Directors.