Logan Energy Corp · TSXV:LGN
Logan Energy — Merger or Acquisition (October 2026)
18 slides from Logan Energy's merger presentation, Oct 26, 2026
Slide 1: Transaction Overview & Logan Oil Introduction
Transaction Overview & Logan Oil Introduction INVESTOR PRESENTATION Mount Logan is Canada’s highest mountain and is named after Sir William Edmond Logan, a Canadian geologist and founder of the Geological Survey of Canada. It’s also OCTOBER 26, 2026 our namesake, as our mission is like an expedition
Slide 2: Ovintiv Inc. to Acquire Logan Energy Corp. and the Spin-Out of Logan Oil Corp.
TRANSACTION OVERVIEW Ovintiv Inc. to Acquire Logan Energy Corp. and the Spin-Out of Logan Oil Corp. KEY TERMS ▪ Logan Energy Corp. (“Logan” or “LGN”) has entered into a definitive arrangement agreement with Ovintiv Inc. (“Ovintiv”) pursu ant to the sale of LGN (the “Logan Sale Transaction”) ( Press
Slide 3: Compelling Crystallization of Value with Continued Upside in Logan Oil Corp.
STRATEGIC RATIONALE Compelling Crystallization of Value with Continued Upside in Logan Oil Corp. BACKGROUND ▪ Logan was spun - out from Spartan Delta Corp. in July 2023 ▪ Significant growth and operational milestones have been achieved since the spin - LOGAN ENERGY CORP. EQUITY VALUE out of Logan, i
Slide 4: Every Logan Energy Equity Financing Outperformed the Index
TRACK RECORD Every Logan Energy Equity Financing Outperformed the Index 1 JULY 2023 OCTOBER 2024 DECEMBER 2024 MARCH 2026 $102 million at $50 million at $45 million at $70 million at $0.35 per Share $0.73 per Share $0.73 per Share $0.73 per Share Founding Financing via Rights Equity Financing for Du
Slide 5: The Next Logan
The Next Logan INTRODUCTORY PRESENTATION OCTOBER 26, 2026
Slide 6: Ambitious Innovation, Entrepreneurially Driven
STRATEGY Ambitious Innovation, Entrepreneurially Driven 1 2 3 4 Cost Effectively Identify Become a Leading Innovative Exploitation Effective Capital and Acquire Resource Greenfield SAGD Allocation with a Developer Resilient Balance Sheet • Strong technical team with creativity • Phased modular SAGD
Slide 7: Logan Oil is Well Capitalized to Execute Ambitious Growth Plan
CAPITALIZATION Logan Oil is Well Capitalized to Execute Ambitious Growth Plan ▪ Founding financing positions Logan Oil to be well capitalized to Logan Oil Net Asset Value Value execute on its ambitious growth plan Andora Acquisition (1) $31.4MM ▪ Logan Oil will raise an aggregate of $160.3 million t
Slide 8: Logan Oil Pro Forma Assets at Founding
ASSET OVERVIEW Logan Oil Pro Forma Assets at Founding 1. Sawn Lake SAGD Project ▪ Greenfield SAGD project in Bluesky formation 1 Sawn Lake T93 ▪ Successful 2014 - 2016 pilot T91 ▪ Targeted design capacity of 15,000 bbl/d to be developed in modular phases T89 2. Nipisi Clearwater T87 ▪ Current produc
Slide 9: Sawn Lake: Founding Acquisition of a Demonstrated Alberta SAGD Asset
ASSET OVERVIEW Sawn Lake: Founding Acquisition of a Demonstrated Alberta SAGD Asset ▪ Definitive agreement reached to acquire Sawn Lake SAGD oil sands asset via a corporate acquisition of Andora Energy Corporation (“Andora”) from CanAsia Energy Legend Corp. (Vendor) as a founding asset. Andora Map t
Slide 10: Oil Sands Projects are in a Class of Their Own
MACRO INVESTMENT RATIONALE Oil Sands Projects are in a Class of Their Own MERITS OF SAGD RESOURCES OIL WELLS DRILLED FROM 2015 - 2024 (1) ▪ Unparalleled oil resource size and asset duration One of these plays isn’t like the others… ▪ We believe modular greenfield SAGD development full - cycle equity
Slide 11: Nipisi Clearwater: High-Confidence, High-Quality Cash Flow Engine
ASSET OVERVIEW Nipisi Clearwater: High-Confidence, High-Quality Cash Flow Engine KEY ASSET ATTRIBUTES ▪ High - quality Clearwater asset along prolific and established Nipisi trend T76 ▪ Complimentary asset profile offers high confidence, short cycle - time development ▪ High return development drive
Slide 12: Charlie Lake: Applying Technology to Unlock New Potential in a Proven Play
ASSET OVERVIEW Charlie Lake: Applying Technology to Unlock New Potential in a Proven Play R10 R8 R6 R4 R2W6 EVOLUTION OF THE PLAY T89 ▪ The Charlie Lake has been a prolific oil resource successfully exploited with T89 extended reach horizontal wells and moderate multistage fracs ▪ The early applicat
Slide 13: Our Competitive Advantage
LOGAN ETHOS Our Competitive Advantage Technical Leaders Focused Execution and Entrepreneurially Driven Cost Discipline Highly technical team with a proven track An ownership mindset towards cost reductions Team is aligned through significant equity record of identifying high quality, yet and consist
Slide 14: Disclaimer
DISCLAIMER Important Notice ▪ The forward - looking statements and information are based on certain key expectations and assumptions made by Logan, including, ▪ This presentation (the "Presentation") has been prepared by Logan Energy Corp . ("Logan" or the "Company") for information purposes but not
Slide 15: Disclaimer: Financial Outlook
DISCLAIMER Financial Outlook ▪ The Logan Oil net asset value, the pro forma capitalization of Logan Oil and the gross proceeds of the Logan Oil Financing and ▪ Logan Production . Logan's average production for the fourth quarter of 2026 , which is expected to be in excess of 22 ,000 the Transaction
Slide 16: Disclaimer: Non-GAAP and Other Financial Measures
DISCLAIMER Non - GAAP and Other Financial Measures Information Concerning Andora, Woodcote and Third Parties ▪ This Presentation contains certain financial measures and ratios that do not have standardized meanings prescribed by ▪ Information in this Presentation concerning Andora and the Sawn Lake
Slide 17: Abbreviations & Definitions
ABBREVIATIONS & DEFINITIONS A&D Acquisitions and Dispositions mmboe/sec Million barrels of oil equivalent per section AECO Alberta Energy Company "C" Meter Stations of the NOVA Pipeline System mmbtu; mmbtu/d Metric million British thermal unit; metric million British thermal unit per day AFF Adjuste
Slide 18: Logan
LOGAN