Central Montney/Kakut Project #1 Summary

• Growth asset with significant reserves
• One of the lowest operating costs under $0.52/Mcfe or $3.09/BOE
• Current net production is over 3,000 BOE/d
• 100% owned and operated 28 MMcf/d gas plant
• 2010 plan is to expand the exploration and production to 4,000 BOE/d