The company has a large and diversified asset base, containing approximately 3.4 billion barrels of proved and probable reserves and contingent resources. Grizzly has delineated three key properties. Phase 1 of the Algar Lake project is ramping up production and Grizzly's May River and Thickwood  projects are in the regulatory approval process. Grizzly intends to grow in manageable increments to production of up to 150,000 barrels per day within 10 years and maintain additional growth potential thereafter.