Tundra Oil & Gas Limited

Tundra Oil & Gas is a wholly-owned business of Winnipeg-based James Richardson & Sons, Limited (JRSL), a private family company established in 1857. JRSL is a multidisciplined enterprise with operations in agriculture, food processing, financial services, property management, and energy. Tundra commenced operations in 1980 and has since been on a growth trajectory by developing new assets and integrating strategic acquisitions. Tundra operates over 95% of its production, which is ~38,000 barrels of light crude oil per day. The company's core properties are located within the Williston Basin in southwestern Manitoba and southeastern Saskatchewan. A focused approach to exploration and development applies to core areas. Currently, the firm employs ~300 staff located across four offices (Winnipeg and Virden, Manitoba; Estevan, Saskatchewan; Calgary, Alberta) and at various field sites. The Winnipeg head office provides accounting, communications, land administration, including well licensing support for all offices, human resources support and local information services. Tundra’s Virden field office oversees our daily operations of over 5,000 wells and facilities. Staff provide technical expertise for all drilling, completions and well tie-in activity, engineering support for facilities optimization, surface leasing, supply chain management, environmental activities, production accounting, human resources, local information services, and coordination of the company’s safety program. The Calgary technical office provides geological, geophysical, and reservoir engineering support and mineral leasing. Tundra uses the latest technology to explore for and develop assets, including 3D and 4D seismic, advanced coring and logging techniques, reservoir characterization and dynamic fluid simulation, and secondary and tertiary recovery mechanisms, such as waterflooding and CO2 injection.