Certus Oil & Gas is a private junior oil and gas company focused on producing conventional light oil in central and southern Alberta.
Certus Oil & Gas operates conventional light oil producing properties and aims to optimize corporate value through operational efficiency, workovers and completions.
Central Alberta Operations
Certus’ operations are focused in the Sylvan Lake area in central Alberta. This prolific area is dominated by oil production from the Leduc reef trend, and includes significant production from the overlying Duvernay, Pekisko, Nordegg, Rock Creek, Ellerslie, Glauconitic, and Second White Specks reservoirs.
The operations area is located within a short drive of nearly all oilfield service provider’s bases in central Alberta, resulting in lower costs and more operational flexibility. In addition, all wellsites are accessible year-round and fully connected to the Certus-controlled pipeline gathering system, oil batteries, and gas plant.
Certus’s focus in a contained geographic area, combined with high working interest ownership of wells, pipelines, and processing facilities, allows for efficient and low-cost operations. This, combined with production that is dominated by light oil and liquids-rich gas, allows Certus to achieve high operating netbacks.
Certus Oil & Gas will generate corporate growth primarily through recompletion and optimization of conventional light oil wells and strategic acquisitions to generate strong returns for our shareholders.
Adding Value Through Optimization
Since its founding in 2017, Certus has focused on optimizing production from existing wells, and testing new plays through recompletion of suspended wellbores. This has resulted in doubling of production from legacy assets; in combination with lower operating costs, this has generated healthy cashflow from operations.
Future Growth through the Drillbit
As part of its optimization and recompletion activities, Certus has identified three new plays on its existing land base. Two of these have been tested by Certus, proving oil production from vertical wells. The third play is a previously recognized, but undeveloped, gas and liquids play. Certus intends to commercialize and develop these plays through horizontal drilling. In part due to its control and ownership of infrastructure in the area, Certus has the potential to grow production and corporate value by more than 2X over the next 3 years.