Canada

Alberta

Taber

• Two sections of land
• Production of 75 bbls/d
• 100% owned facilities -  central batteries, tanks, water handling facilities and flow lines
• Long reserve life index of 8 years
• Extensive 3D seismic coverage over the properties
• 100% working interest, decreasing to 75% after farmout commitment ($1.6 million to drill up to 3 wells)
• Mature medium gravity oil – Glauconite Zone, 1000 m depth
• Strategic and partner to drill up to three wells in 2010, commencing in Q2

Conrad

• Over 13 key sections of land (providing over 10 possible drilling locations)
• Current production of 70 bbls/d
• Long reserve life index of 8 years
• Incremental oil production is expected to be added from workovers, pump changes, selective drilling and enhanced recovery methods
• First vertical well drilled at North Conrad (11-23) - Sawtooth Formation, 1,000 m depth (20-30 bbls/d)
• Horizontal well has been planned for the second quarter of 2010, could provide additional production of approximately 80 bbls/day

Pembina

• Multi-zone oil and natural gas potential
• Glauconite, Ellerslie, and Rock Creek opportunities being developed with the ability to expand in area
• Near existing infrastructure
• Proven Cardium oil and natural gas production
• Potential for horizontal Cardium wells in 2010

Harmattan

• Two sections of land
• Multi-zone potential – Cardium, Glauconite, Elkton, Shunda (2500m)
• Two producing wells
• Liquids rich natural gas
• Additional 2-3 locations have been identified to be drilled at low risk with
  high production potential, including horizontal Cardium wells

British Columbia

Maxhamish Play

• Located in northeastern BC
• Farm-in signed January 2009
• Partnership agreement put in place November 2009
• Over 80 sections of land
• Infrastructure in place
• Earn 25% interest in 5 producing wells
• Additional election points for future drilling/commitments
• Earning four sections/well drilled
• BC infrastructure incentive, royalty friendly regime
• Current focus on horizontal oil project with large upside
• Two wells drilled and cmpleted March 2010
• Low cost entry into a high impact resource play