Operations

Clear Prairie-Boundary Lake

• Triassic gas and oil exploration (<1,400m)
• 34,000 net undeveloped acres. Average WI 59%
• Two discoveries drilled in Q1 2007
• Two additional locations to be drilled in Q4 2007
• Mainly winter access area

Worsley

• Devonian (2,100m) and Triassic (<1,400m) exploration
• 36,000 net undeveloped acres. Average WI 54%
• New tight gas discovery placed on production Q1 2007
• Two locations to be drilled in Q3 2007

Pouce Coupe

• Triassic Montney, Doig and Halfway tight gas development (<1,800m)
• 16,000 net undeveloped acres. Average WI 39%
• Year round access
• Four to five locations to be drilled fall 2007

Birch

• Multizone shallow gas development
• Low risk infill and recompletion potential
• Two locations planned for fall 2007

Windfall-Niton

• Low risk Cretaceous gas development at Niton
• Cretaceous oil exploration project at Windfall

Retlaw

• Shallow (1,100m) Cretaceous oil and gas development potential
• Year round access
• Two development locations planned for Q4 2007