SAGD bitumen blended with condensate. 2025 AIF: Expansion Asset bitumen is blended with condensate to create Western Dilbit Blend (WDB), a diluted bitumen; Enbridge lateral to Cheecham, then Waupisoo to Edmonton and Athabasca/Wood Buffalo to Hardisty; WCS-linked WDB pooled price. Demo bitumen is mostly trucked to Expansion and blended into WDB; a smaller undiluted portion is trucked to a sales point. Q2 2026 MD&A: bitumen sales blended with diluent 12,233 bbl/d vs undiluted 1,461 bbl/d in Q2 2026. Trafigura Canada Limited purchases 100% of Demo bitumen and Expansion diluted bitumen (Expansion agreement through 1 Oct 2028). Great Divide (Pod One, Algar) added 5 Aug 2026 on Connacher close — same SAGD/dilbit class; Connacher is not a separate sourcedesk person. AIF: the Company does not directly enter into contracts to export its production outside of Canada. Not gasoline, diesel or jet. Not neat mined tar sands (HS 2714).
