Ann: Production above 4,500 boed & Q1 2022 program commenced, page-26

from the quaterly...

The Mid‐Montney well (Calima 2) had a
successful test with a maximum rate of 10.2 MMscf/d but still had 84% of the load fluid left to recover. The Upper
Montney (Calima 3) well test had to be cut short due to deteriorating ground conditions with the well recovering only
5% of the load fluid. A planned retest of these wells in Q1 2023 will likely yield improved gas and condensate rates
compared to the original tests based on well test results from offset operators who intentionally shut in the wells for
the load fluid to dissipate into the formation prior to flowback.