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Huntington Exploration Inc. (HEI.V) Stable Production, Low Cost Oil Weighted Portfolio

Huntington Exploration Inc. (HEI.V) Stable Production, Low Cost Oil Weighted Portfolio. February 2013. Management Team. Robert J Verhelst (B.A.) President & Chief Executive Officer

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Huntington Exploration Inc. (HEI.V) Stable Production, Low Cost Oil Weighted Portfolio

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  1. Huntington Exploration Inc. (HEI.V) Stable Production, Low Cost Oil Weighted Portfolio February 2013

  2. Management Team • Robert J Verhelst (B.A.) President & Chief Executive Officer • Previously 11 years senior management experience (partner, director, officer, RR) in several Western Canadian based Brokerage firms including 6 years as President and CEO of a US (FINRA) regulated foreign broker dealer. Three years regional and national management team at CIBC. 5 years combined experience at the Alberta Securities Commission and Vancouver Stock Exchange. • Elizabeth More (P Geol) Vice President Exploration • Previously V/P Exploration Angle Energy , V/P Exploration Flagship • Energy, Encal Energy, Altana Exploration, Gulf Canada Resources • J Timothy Bowes(MBA) Vice President Land & Business Development • Previously President North American Oil & Gas , V/P Corp Finance Yorkton Securities, Manager Land NumacEnergy

  3. Board of Directors • Steve Harding (P Geol) • President and CEO of Contact Exploration, previous VP EnCana, Chief Geoscientist at Husky Oil and Gas • Michael Binnion (CA) • President and CEO of Questerre Energy Corp.,  previous President of Terranex and President/CEO of Flowing Energy • Roger McMechan (P Eng) • Chief Operating Officer of Iskander, previous Executive VP and Director at WinstarResources Ltd and Sr. Manager at PetroCanada • Hubert Marleau(B Sc Econ) • President and Co-founder of Palos Capital Corporation, previous Executive level of Nesbitt Thomson Inc. and Levesque Beaubien Inc.

  4. Huntington Overview – Oil and Gas Portfolio • Huntington – a recapitalized Co. • New Board elected • Mandate to place new oil and gas assets into the Company • New assets secured March 2012 • Poised for growth - oil and gas projects acquired • . Huntington’s asset base: • Legacy assets – light oil W4 AB • Crown land sales – Deep Basin gas W5 AB • PrivateCo asset acquisition – gas & heavy oil AB • Economics of all Huntington projects are favourable

  5. Capital Structure

  6. Huntington – Acquisition Highlights • Oil and gas portfolio secured in central Alberta in Q1 2012 • Low entry cost, low risk • 60 boe/d current production, low declines • land base: net 36 sections >95% undeveloped ; year round access • Oil/liquids weighted projects • Low risk drill inventory - low API gravity oil • drill ready oil prospects with seismic coverage • Recompletions on existing gas wells plus new drills • 2P Reserves: • Liquids 226.2 MSTB • Gas 2421 MMCF • 2P NPV @10% $8,332,000 * • *Reliance Engineering Group Ltd • Reserve Report completed March 1, 2012 Warwick – base production Edmonton W5 W4 Calgary

  7. Huntington’s Core Areas • Huntington’s core focus areas are: • Atlee/Bindloss (heavy oil) • Wizard Lk (gas) • Pine Creek (liquids rich gas) ALBERTA Edmonton Pine Ck W5 Wizard Lk W4 Calgary Atlee/Bindloss W4

  8. W. Canada Basin plays – top tier RoR for W4 heavy oil projects (risked half cycle)

  9. Warwick: Mannville Producing Gas Asset • Shallow Multi-zone sand reservoirs • Production from Mannville stacked sands at 700m depth • Recompletion potential exists in uphole sands from two WI wells • Colony, Sparky, Viking targets • Low cost to drill, complete and tie in • 2 sections at 50% WI, non-op • Existing Production Highlights • One well produces 60 BOE/day • EUR range 0.5 – 1.5 BCF per well • Operating costs ~$5/boe 2D controlled drill location – Viking/Sparky Warwick - Glauc gas storage Producing gas well (50% WI)

  10. Atlee property - Ellerslie Oil Prospect Land and 3D seismic coverage • HEI land base • 9.5 sections at 100% WI and • 7.0 sections at 50% WI • HEI operates 16.5 contiguous gross sections • > 95% undeveloped land • Offsetting Crown land available • Year round drilling 3D seismic coverage Huntington land – Ellerslie rights

  11. Atlee property - Ellerslie Oil Prospect 3D Amplitude map – Ellerslie sand porosity • Ellerslie reservoir • Target reservoir at 1025m depth; • 3D seismic coverage (24 km2) shot in 2010 has identified several potential drill locations • Analogue production immediately west • Vertical IP rates 40 b/d - no frac 11-12 degree API oil • OOIP 5.3MMBbls/half section; Significant in place oil resource • Pools have 4 - 8 infill locations; inventory 15+ locations proposed initial well locations channel cut/trap features

  12. Bindloss property - Glauconitic Oil Prospect • Glauconitic sand reservoir • Reservoir at 800m depth; 3-5m net pay, > 20% porosity • HEI operates 8.5 gross sections at 100% WI • Vertical wells define channel trend; low risk drills supported by available 2D seismic • Analog production in immediate area with IP rates > 40 b/day • no frac, 13 degree API oil • Ellerslie channel sands secondary target Cum 19,477 Bbls Cum 38,482 Bbls Cum 69,855 Bbls Mannville well control shown proposed re-entry / drill locations Huntington land – Glauconite rights

  13. Wizard Lake property – Mannville resource gas prospect Upper Mannville channel Net Pay >9% porosity (m) • Upper Mannville sand reservoirs • Regionally extensive, liquids rich gas-charged sands up to 31m gross thickness • Extensive 3D seismic coverage is available • Excellent application for horizontal drilling • HEI operates 3 gross sectionsat 100% WI • Ample processing and infrastructure • 10-12 BCF/section with potential for 4HZ/section • Additional acreage in area to be acquired in2013; • Room to grow land holdings at low cost 6-32: Mannville production IP 1.7Mmcf/d target zone

  14. Pine Creek W5 property – gas prospects Bluesky Resource and High Impact Leduc opportunity • Bluesky Reservoir • Excellent Bluesky opportunity de-risked by offsetting industry HZ wells • IP 4-6 MMCF/day with NGL’s • Reservoir continuity over Huntington’s land • Leduc Reservoir • 50 bcf Leduc anomaly identified from industry 3D on 100% WI lands Bluesky production map Location of Leduc anomaly on industry 3D seismic

  15. NI 51-01 Reserve Report as at Mar 1 2012 • Reserves identified at Atlee, Provost, Warwick and Pine Creek properties

  16. Forward Looking Statements Disclaimer This presentation contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements"). In particular, this presentation contains forward looking statements pertaining to the following: business plans and strategies; the 2012/13 capital budget; the potential exploration success; expectations regarding the ability to raise capital and to add to reserves through exploration and development; and treatment under governmental regulatory regimes. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to Huntington Exploration and its shareholders. Forward-looking statements are based on Huntington Exploration current beliefs as well as assumptions made by, and information currently available to, Huntington Exploration concerning anticipated financial performance, business prospects, strategies, regulatory developments, future commodity prices, future production levels, the ability to obtain equipment in a timely manner to carry out exploration activities, the ability to market natural gas successfully to customers, the impact of increasing competition, the ability to obtain financing on acceptable terms, and the ability to add production and reserves through exploration activities. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties (both general and specific) and risks that forward looking statements will not be achieved. These factors include, but are not limited to risks associated with oil and gas exploration, financial risks, substantial capital requirements, bank financing, government regulation, environmental, prices, risks may not be insurable and reserves estimates. The forward-looking statements contained in this presentation are made as of the date hereof and Huntington Exploration does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward looking statements contained herein are expressly qualified by this cautionary statement.

  17. Appendix

  18. SE Alberta Cretaceous plays Huntington W4 properties area

  19. Atlee property - Ellerslie Oil Prospect Type log: Ellerslie channel sand Vertical well Mid-Mannville channel sand Secondary target zone Ellerslie channel sand Perforated, no frac CUM 1,264 Bbls oil GR – SP resistivity GR – Neutron density porosity • Ellerslie is a seismically identified oil resource • > 5MM Bbls OOIP – 320 ac (1/2 section) 15% sand porosity cutoff – 6m net pay

  20. Atlee property - Ellerslie Oil Prospect Type log: Glauconitic sands Vertical well Glauconitic sands Perforated, no frac CUM 43,978 Bbls oil • Prolific oil production from vertical wells in immediate area SP - resistivity GR - Neutron density por. 15% sand porosity cutoff

  21. Atlee property - Economics & Reserves • Significant oil resource in place • Superior economics with heavy oil drilling program

  22. Bindloss property - Glauconitic Oil Prospect Type log: Glauconitic sand 02/6-12-22-5W4 - Vertical well • Type well in section 12 – HEI 100% WI • Cum 38,482 Bblsoil Glauconitic sand target zone GR – SP resistivity GR - Neutron density porosity 3.5m net pay 15% cutoff

  23. Bindloss property - Glauconitic Oil Prospect Type log: Glauconitic sand 11-12-22-5W4 - Vertical well • vertical well in section 12: 100% WI • Cum 19,477 Bblsoil; final rate 8 bopd • Abd pressure 7900 SITP (Nov 2003) 8700 BH pressure, 13.8 degree API oil Glauconitic sand target zone GR - sonic GR – SP Elog 15% sand porosity cutoff Sonic log

  24. Bindloss property - Economics & Reserves • Significant oil resource – ¼ section • Superior economics with heavy oil drilling program

  25. Wizard Lake property – Mannville production HEI Wizard Lake 6-32-48-27W4 Mannville gas production - cum gas 0.125 BCF

  26. Wizard Lake property – Mannville production HEI Wizard Lake 6-32-48-27W4/4 Mannville gas production IP 1.7 Mmcf/day - cum gas 0.125 BCF • Mid-Mannville channels • 31m gross pay > 6% porosity • Top channel perf’d in 2007: 1348-50m • Excellent HZ drilling candidate 6% por. Upper CH • Glauconite equivalent sand • 11m gross pay > 6% porosity • Excellent HZ drilling candidate Lower CH Sample description : 9-32 offset well – Mid-Mnvl SS Fine-coarse grained sands, oil/condy stained Glaucequiv GR – ND por. SP-Induction

  27. Wizard Lake property - Mannville Economics & Reserves Original gas-In-Place calculations • Significant gas resource – ½ section

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