Petrel Robertson Consulting Ltd. - Corporate Profile

1. CORPORATE OVERVIEW Petrel Robertson Consulting Ltd.

2. PRCL – Corporate Profile Canada’s leading petroleum geoscience consultancy Founded in 1985 in Calgary, Alberta Predecessors Robertson Research Canada and Petrel Consultants Experienced core of petroleum geoscience professionals, augmented by a network of supporting consultants Multidisciplinary teams are tailored to address diverse projects and challenges Extensive Canadian and international experience

3. Management and Advisors Brad J. Hayes (PhD, PGeol) – President 35 years – Shell, Canadian Hunter, Dorset, Chauvco Alula Damte (PhD, PGeol) – Chairman 20 years – Mobil, Central European Petroleum Kathleen Dorey (B.Sc., PGeoph) – Chief Geophysicist 30 years – Texaco, Conoco, Ulster, BG International Tony Fogarassy, M.Sc., LL.M. (VP Business Development) 25 years – Shell, Chevron, Mobil, KazCanadian David D. Johnson (PhD, PGeol) – Advisor 30 years – Shell, ExxonMobil, Husky, Sagres, KUFPEC

4. Key Business Areas Exploration Advice, Assessment and Planning “Exploration Department for Hire” Exploitation / Development Planning Integrated / Multidisciplinary Reservoir Studies Operational Support Asset Evaluations Petroleum Geoscience Consulting Services Advanced Petroleum Geoscience Training Expert Witness Services

5. PRCL Clients Multinational oil companies Large independents Industry producer groups Junior producers National oil companies Aboriginal corporations Banks / investment houses Canadian and international government and regulatory agencies Law firms

6. PRCL Geoscience Skills Reservoir characterization Seismic Acquisition Seismic Interpretation Geostatistical Reservoir Modeling Quantitative Petrophysical Analysis Subsurface Mapping Core Logging Stratigraphic and sedimentologic analysis Petrography Structural Geology Field Mapping Geological database construction / management Hydrogeology

7. Operations and Strategic Support Extensive operating company experience Geoscience and business advice supporting exploration and development strategy, land, drilling, and completions activities Recent and current projects: Canadian shale gas exploration East Germany (exploration) Pakistan (strategic exploration support) New Zealand (gas development) Hibernia (offshore development) Oil sands assessment and exploration (U.S., Canada, international) Canadian junior gas development

8. Geophysics 2D / 3D seismic survey design Land / Marine acquisition management Seismic processing management 2D-4D seismic interpretation Compressional/Shear wave analysis Velocity modelling/ depth conversion AVO / Pre-stack inversion Attribute Analysis Fracture Analysis / AVAZ EM / Gravity / Magnetics SeisWare, Kingdom, Winpics, Petrel Project data conversion

9. Unconventional Reservoirs Regional assessment of shale and tight gas and oil opportunities in Western Canada, Northwest Territories, and Yukon Resource oil prospecting, NEBC Resource assessment, onshore Nova Scotia Reservoir characterization – mapping, petrography, resource potential Fractured reservoir evaluation Senior advisory roles Nova Scotia Expert Panel on Hydraulic Fracturing Canada Trade Commission

10. Aquifer Characterization Characterize and map deep saline and shallow non-saline aquifers Water supply and disposal for unconventional oil and gas development Regional assessment projects in western and northern Canada establish PRCL as a water resource authority Support strategic water planning for industry Leverage regional knowledge into local water resource planning for operators and service companies

11. Geocellular Modeling Geocellular models represent reservoir characteristics in three dimensions PRCL builds models in Petrel™ software, using data derived from well logs, core, and seismic Interpretive geological input is critical to optimize accuracy of structural and stratigraphic reservoir relationships PRCL works with affiliated reservoir engineering consultants to populate reservoir simulation (fluid flow) models with geocellular results

12. Quantitative Petrophysics PRCL interprets petrophysical data in various software packages HDS 2008 and Prizm (Geographix) Conventional play analysis Incorporate interpretive geology Unconventional play analysis Tie to specialized core and sample analysis, including mineralogy and geochemistry / maturity data Populate geocellular models with purpose-built processed log curves

13. Mapping / GIS Systems Western and Northern Canada: geoSCOUT Mapping grids Comprehensive well database Raster and digital log data GeoGraphix Comprehensive mapping and database capabilities support construction of highly customized maps ESRI / ArcGIS Digital geographic datasets to support map creation Petrel Geocellular modeling; spatial representations

14. Petroleum Geoscience Training Field Seminars Field relationships illustrate reservoir models and stratigraphy in modern and ancient environments • Core Seminars • Core illustrates reservoir facies, quality, and stratigraphic relationships

15. Expert Witness Services Regulatory Issues Gas over bitumen hearings Determination of P&NG ownership by geological criteria Civil lawsuits Valuation of exploration / development acreage Geological / operational issues Financial / valuation advice

16. “Worldwide Petroleum Consulting” Western Canada Expertise in conventional reservoirs throughout Western Canada petroleum basins Non-exclusive regional exploration studies Heavy oil and bitumen Regional SAGD screening studies Reservoir modeling and property assessments Strategic planning, land sale evaluations Unconventional Oil and Gas Deep Basin tight gas resource assessments Shale gas exploration and reservoir characterization Characterizing subsurface aquifers to supply water needs for drilling and completions

17. “Worldwide Petroleum Consulting” Canada – Northern and Frontiers Northwest Territories Regional exploration studies – Mackenzie Valley and Delta Regional unconventional resource assessment Nunavut Exploration assessment – Baffin Island / Lancaster Sound Eastern Canada Development / operational support, Hibernia Field Regional exploration assessment – Labrador Shelf Regional and local exploration assessments – Scotian Shelf through Jeanne d’Arc Basin Unconventional gas – Maritimes Basin

18. “Worldwide Petroleum Consulting” International Asia Pakistan – Indus Basin reservoir and petroleum systems assessment India – Geological model assessment, east coast offshore Laos – Seismic and geological mapping for prospect generation Kazakhstan – Exploration / development assessment and operations recommendationsMiddle East Kurdistan – Erbil seismic mapping and resource assessment Yemen – Geoscience evaluation and reservoir assessment Africa Tanzania / Mozambique – Exploration support, reserves assessment Libya – Field modeling Cameroon – Rio del Rey basin, prospectivity evaluation Algeria – Exploration assessment Berkine and northern Algeria basins Tunisia – Ghadamas Basin exploration and operations support Egypt – onshore/offshore Nile Delta

19. “Worldwide Petroleum Consulting” International South America Argentina – San Jorge Basin mapping and resource assessment Chile – Andean foreland exploration mappingColombia – Middle Magdalena Basin mapping and assessment Australia Exploration assessment of major basins, offshore and onshore Queensland – Bowen Basin deep unconventional gas New Zealand Onshore development support, offshore exploration evaluations Europe Germany – onshore and offshore exploration support Poland – regional exploration assessment France/Spain – Exploration assessments of Pyrenees and Paris Basin Albania – Reserves determination, Patos Marinza Field Hungary – Pannonian Basin exploration assessment

20. “Worldwide Petroleum Consulting” International North America (United States and Mexico) Exploration prospecting – Montana Property assessments – various states Mexico – Global Shale Plays LLC – shale resource characterization Northern Mexico – conventional exploration Tajon and Mayacaste – project assessment Onshore Burgos Basin, offshore Gulf of Campeche Water Resource Assessment Projects - Mexico Lead Canadian consulting / academic partner Currently securing Mexican partners

21. Affiliated Consultants • PRCL has built a diverse and highly experiencedteam of Affiliated Consultants, who contribute a huge variety of geoscience and engineering skill sets. • We can build the best team to address a broadspectrum of strategic and technical issues in thepetroleum industry, anywhere in the world.

22. Affiliated Consultants Petroleum Engineering RPS Energy Canada ELcral Ltd. GLJ Petroleum Consultants M. Zubkow, P.Eng. Howard Anderson, P.Eng. Hydrogeology Waterline Resources Isobrine Solutions • Geoscience and Related Specialists • Foundry Spatial – Surface Waters and GIS • Dr. Brian Zaitlin – Stratigraphy / Reservoir • Dr. Nick Harris – Reservoir Characterization • Sherwood Consulting – Structural Geology • Dr. Ben Rostron – Water Chemistry and Hydrogeology • Dr. Murray Gingras – Ichnology • Dr. John Pantano – Basin Modeling • Dr. John Lorenz – Fractured Reservoirs • Dr. Graham Dolby – Biostratigraphy • JC Consultants – Reservoir Characterization

23. www.petrelrob.com Brad Hayes, President Direct: 403-218-1607 bhayes@petrelrob.com Kathleen Dorey, Chief Geophysicist Direct: 403-218-1627 kdorey@petrelrob.com Petrel Robertson Consulting Ltd. Suite 500, 736 – 8th Avenue S.W. Calgary, Alberta, Canada T2P 1H4 Main: 403-215-7950 Fax: 403-262-9135