SURFACE CUT & CAP PROPOSAL

CUT & CAP INPLAY OIL CORP. 100/06-13-050-06W5

Prepared for InPlay Oil Corp. A field-ready plan for one surface cut and cap using Innovative Well Abandonment's Abrasive Mixing Unit (AMU) ultra-high-pressure cutting system.

Wellbore

Surface abandonment scope

Licence

Included in this program

Project Day

Including mob / demob

View Rate Schedule Contacts

Compliant

01 — Project Area

Single-Well Footprint

One InPlay Oil Corp. gravel-pit well with the supplied conductor barrel and cut specifications.

Gravel Pit Well

100/06-13-050-06W5

CUT & CAP

Final pit level will be 7.5 m lower than current ground level. The well has a 30" conductor barrel. The cut will be made in 2 m increments, 10 m from surface.

02 — Approach

Our Method

IWA ABRASIVE MIXING UNIT (AMU) Ultra High Pressure Cutting Package.

Consideration	Innovative Well Abandonment
Cutting method	Ultra-high-pressure cutting unit, packable to the wellbore
Advantage & Benefits	Ability to cut at depths down to 10m+
Cut Zones	10m cut, 8m cut, 6m cut, 4m cut

Cutting method

Our approach

Ultra-high-pressure cutting unit, packable to the wellbore

Advantage & Benefits

Our approach

Ability to cut at depths down to 10m+

Cut Zones

Our approach

10m cut, 8m cut, 6m cut, 4m cut

03 — Rates

Equipment & Rate Schedule

Itemized project estimate showing the supplied units, quantities, rates and extended totals.

Primary Equipment

UHP CUTTING TRUCK & ALL CONSUMABLES

$11,000.00

$2,750.00 / Well × 4 at (10m, 8m, 6m, 4m)

Logistics & Mobilization

Cut Truck Crew & Travel
Hourly × 3 at $375.00
$1,125.00
16' Dump Trailer
Daily × 1 at $500.00
$500.00
Support Truck Mobilization/Demobilization
KM × 190 at $1.75
$332.50
Subsistence
Day × 3 at $250.00
$750.00

Estimated Project Total

Based on the units and quantities listed above.

$13,707.50

04 — Assumptions

Assumptions & Conditions

The basis of estimate for this proposal, including access, schedule and operating conditions.

Rates & Surcharges

No fuel surcharge apply. Standard daylight operating hours apply. There will be no overtime.

Estimate Basis

The project estimate is based on the units, quantities and rates listed in the supplied schedule, including mobilization and demobilization. Anything outside of IWA's control will be billed at the standby rate listed in rate schedule.