Land Holdings	176 net sections (Pembina area)
Production (Q1/2023)	2,400 boe/d

• Baytex entered the Duvernay area in August 2018, following a strategic combination with Raging River Exploration Inc.
• Early stage, high netback light oil resource play
• Moderate drilling depths of ~2,200 to 2,400 metres tvd
• Delineated a minimum of 100-125 sections
• Expect to bring six net wells on production in 2023

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