SPAIN:02/28/15 3:15:28 AM    ALBERTA: 02/27/15 7:15:28 PM    ONTARIO: 02/27/15 9:15:28 PM

SPAIN Castor UGS Project

Dundee Energy Limited's strategy to grow by developing long-life, low-risk, high-impact assets is reflected in the Cdn$2 billion Castor UGS project, currently under construction, and by our acquisition of producing oil and natural gas assets in Ontario. We are evaluating further growth opportunities that lever our expertise.

1.9

Billion Cubic Metres
(67 bcf) Storage Capacity

STRATEGIC PARTNERSHIP

Dundee Energy is partnered with two of Spain’s largest companies to develop the Castor UGS Project.

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25

Million Cubic Metres/Day
(882 mmcf/d) Withdrawal Rate

THE UGS PROCESS

See the design of the Castor project and find out how it will provide approximately one-third of Spain’s UGS deliverability.

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$2.0

Billion to Design, Construct and Commission

EPC

Dundee Energy’s strategic partnership and recent key government approvals pave the way for construction of Castor.

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Note: All information regarding the status and progress of Castor UGS has been provided by Escal UGS S.L.

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