Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Birchcliff Energy Ltd.

Reporting Year

From

1/1/2022

To:

12/31/2022

Date submitted

5/24/2023

Reporting Entity ESTMA Identification Number

E575184

Original Submission

Amended Report

Other Subsidiaries Included

N/A

(optional field)

Not Consolidated

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity

Jesse Doenz

Position Title

Controller & Investor Relations Manager

Date

5/24/2023

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2022

To:

12/31/2022

Reporting Entity Name

Birchcliff Energy Ltd.

Currency of the Report

CAD

Reporting Entity ESTMA

E575184

Identification Number

Subsidiary Reporting Entities (if

necessary)

Payments by Payee

Departments, Agency, etc…

Infrastructure

Total Amount paid to

Country

Payee Name1

within Payee that Received

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Notes34

Improvement Payments

Payee

Payments2

Royalties paid in-kind total

$22,025,000 and were determined on

Canada -Alberta

Government of Alberta

150,265,000

5,030,000

1,715,000

157,010,000 a fair value basis using the prevailing

commodity prices at the time of

transfer.

Canada -Alberta

Saddle Hills Municipality

9,175,000

-

9,175,000

Additional Notes:

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2022

To:

12/31/2022

Reporting Entity Name

Birchcliff Energy Ltd.

Currency of the Report

CAD

Reporting Entity ESTMA

E575184

Identification Number

Subsidiary Reporting Entities (if

necessary)

Payments by Project

Country

Project Name1

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure

Total Amount paid by Project

Notes23

Improvement Payments

Royalties paid in-kind total $22,025,000 and

Canada -Alberta

AB Oil and Gas Extraction

9,175,000

150,265,000

5,030,000

1,715,000

166,185,000

were determined on a fair value basis using the

prevailing commodity prices at the time of

transfer.

Additional Notes3:

Attachments

Disclaimer

Birchcliff Energy Ltd. published this content on 25 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2023 15:33:04 UTC.