DAILY REPORT

DAY 11 OF 11

24 MAR 2026 · MONDAY

Total depth reached. Bit out of hole.

Final survey · 91.2° inclination · 126.1° azimuth

FOOTAGE TODAY

553m

From 5,300 m to 5,853 m · cumulative 5,853 m

100% to TD

HOURS BREAKDOWN

RUNNING TODAY

159mm Vertical, Build & Lateral

159mm BHI DD406TS

3,110 m drilled on this run · Rotary 44.3 m/hr

WHAT HAPPENED

Pacesetter rotated through the final 553 metres of the Wilrich IV lateral and called total depth at 5,853 m MD.

JOB 26-D0296 · BEAR 2 RIG

Tourmaline Hz Lambert 14-22 10-14-50-21 W5M

Wilrich IV horizontal · Spud 19 Feb 2026 · TD 24 Mar 2026

WELL TD'D

11.0 days drilling · 33.0-day calendar window

AS OF 24 MAR 2026 · FINAL-DAY VIEW

5,853

m MD

Total measured depth

3,331

m TVD

True vertical depth

2,613

Lateral length

$343,261

CAD incl. GST

Pacesetter ticket

THE WELLBORE

Explore by depth.

Drag the marker to scrub the wellbore at any depth. Every panel reacts.

SURFACE · 0 m

AT THIS DEPTH

0m MD

Surface

TVD

Inclination

0.0°

ROP

—m/hr

WOB

—klbs

Surface RPM

—

Standpipe

—kPa

Torque

—N·m

Diff. P

—kPa

Flow

—m³/min

RUNNING

—

REWIND

0 m KOP 3,058 Heel 3,548 TD 5,853

PULSE INTELLIGENCE

Tell me about this well

Tap below for a plain-English rundown — written from the actual numbers, no fluff.

DAYS VS DEPTH

Lambert 10-14 against seven offset wells.

Pacesetter's curve in red. Offsets in grey. Lower-and-left wins.

DAY 0.0

FIVE BHAS · ONE RUN EACH

No bit trips. No re-runs.

Every section drilled in a single bottom-hole assembly. That's the headline number.

PACESETTER FIELD TICKET

Where the $343k went.

Real ticket 26-D0296. Four buckets, biggest first.

Subtotal$326,915.00

GST 5%$16,345.75

TotalCAD $343,260.75

VOLUME I · ISSUE 01 SPRING 2026

PACESETTER WELL

The Lambert
10-14
Well

OPERATOR Tourmaline Oil Corp.

FIELD Lambert · 14-22 · 10-14-50-21 W5M

RIG Bear 2 · Job 26-D0296

DATES 19 Feb 2026 — 24 Mar 2026

11.0

DRILLING DAYS

5,853 m to total depth

A PACESETTER REPORT · CHAPTERS I–IV →

CHAPTER I

The Plan

A horizontal well into the Wilrich tight gas play. Three thousand metres straight down. Then a sharp turn east-southeast. Then two-and-a-half kilometres sideways, in zone, at speed.

Lambert 10-14 was the second well on the Lambert pad — drilled from a surface location at 14-22-50-21 W5M and steered toward a bottom-hole target inside the Wilrich IV formation.

The design called for a vertical section to 3,058 metres measured depth — the kick-off point — then a 490-metre build to the heel at 3,548 m, then a single-bit lateral all the way to total depth.

The numbers Pacesetter committed to: a true vertical depth of 3,331 m, a lateral of 2,613 m, a planned azimuth of 127°. Five bottom-hole assemblies. One bit per assembly. No re-runs.

FIG. 1 The rock column, surface to lateral Twenty-two named formations. The bit passes through every one, in order, on the way down.

CHAPTER II

The Execution

Eleven drilling days. Five bottom-hole assemblies. One run each. Here is how each section came down.

FIG. 2 Days versus depth, against the Lambert pad Pacesetter's curve in red. Seven offset wells, each in their own colour. Lower-and-left is faster.

DAY 0.0

CHAPTER III

The Result

Total depth reached on schedule. The lateral landed in zone. The pad's other three wells got a faster blueprint to follow.

“Five sections. Five bits. Five runs. No trips.”

— the headline number from this well

Pacesetter delivered Lambert 10-14 in 11.0 drilling days. The six other Lambert-pad wells in the offset set averaged 12.3 days to a similar depth, with one Ansell well alongside for context. The chart on the right tells the story — lower-and-left wins.

The lateral ran 2,613 m in zone, ending at a final survey of inclination 91.2° and azimuth 126.1° — both well inside the targeted Wilrich IV envelope. Last survey at 5,844 m MD, TD called nine metres later.

For the operator, the practical translation: the next well on this pad starts with a known recipe, a known timeline, and a known cost.

CHAPTER IV

The Ticket

A single field services ticket. Four buckets. No surprises.

CAD $343,260.75

All-in, including 5% GST. Ticket 26-D0296 · 19 Feb — 24 Mar 2026.

The directional drilling bucket — day rate plus pro-rated time plus two RSS redresses — accounted for the dominant share, exactly as planned. The remaining buckets covered motor rental, remote monitoring, and ancillary services. No change orders. No after-the-fact adjustments.