Slide 1: Summary of Oil and Gas Reserves (Forecast Prices and Costs)
Table 1 NI 51-101 Summary of Oil and Gas Reserves as of March 31, 2007 Forecast Prices and Costs Reserves Natural Gas ‘ant ang mean (norassoclated 8 ‘on Heawy oll tasociated) | Coatbed Methave | Natural Gas Liquids Rovere Catagory riot | arose | mt | cree | woe | cross | not | cress | vot oo | noo |
Slide 2: Summary of Net Present Values of Future Net Revenue
Table 2 NI51-101 ‘Summary of Net Present Values of Future Net Revenue as of March 31, 2007 Forecast Prices and Costs Net Present Values of Future Net Revenue + Possible Before income Taxes ‘Ate incore Taxes Dieeountos at (Moar) Discounted st 4/¥oar) Reserves Catagory o | s | wo |) «| a] o | s | | 5s
Slide 3: Total Future Net Revenue Undiscounted
Table 3 NI 51-101 Total Future Net Revenue Undiscounted as of March 31, 2007 Forecast Prices and Costs Future Kat Reworue Opera. ‘Aer hoa eome Reserves Category | Revenue | Royalties | costs axe vmsy | dis) | as) ns) Proved yoo = ast ats wma 008 © tote Proves Pius Probable «59,978. 69714749 «= 86a 2
Slide 4: Net Present Value of Future Net Revenue by Production Group
Table 4 NI51-101 Net Present Value of Future Net Revenue by Production Group as of March 31, 2007 Forecast Prices and Costs ‘ure Net Revenue Natural Gas Greledng associeted by-products) (Coatbed Methane (ncuiing asscciateg b-prostets) Reserios Catopory | Production Group (Dicounta at i) Proved Ligh
Slide 5: Summary of Oil and Gas Reserves (Constant Prices and Costs)
Table 6 NIS4-104 ‘Summary of Oil and Gas Reserves as of March 31, 2007 Constant Prices and Costs Probable Plus Possible Reserves vee | eseyot coawea setane | neuron ese fRetene cxbsory forse | net | Gree | not ress | net | cose | nm ‘sesh | otsn | gooey | at fine | gen | wid | oy proved cevetapes ro
Slide 6: Summary of Net Present Values of Future Net Revenue (Constant Prices)
Table 7 ‘NI 51-104 ‘Summary of Net Present Values of Futuro Net Rovenue as of March 31, 2007 Constant Prices and Gosts Not Prosent Values of Future Net Revenue + Pestle ‘Before income Taxes ‘Aer income Taxes Discounted at Var) Diecountod at (Vee) Resarves Category o | s | w | ws [ m | o | s | w@ | a
Slide 7: Total Future Net Revenue Undiscounted (Constant Prices)
Table & NI51-101 Total Future Net Revenue Undiscounted as of March 31, 2007 Constant Prices and Costs | co | dine oan “ie vmncatnoy | ream | opt | ce or | ws wr | rote | cae sor (nese i cms) us} as) sy Coots us) ns) (as) er vt ee PoudPusPet SO 7719 thas wma te fonivroovrn rk so ie Ga weneT Reiorence
Slide 8: Part Pricing Assumptions
PART 3 PRICING ASSUMPTIONS Forecast benchmark reference price and inflation rate assumptions are summarized in Table 5. Constant benchmark reference product price assumptions reflected in the reserves data are summarized in Table 10. These forecast and constant assumptions were provided in the Sprou
Slide 9: Summary of Pricing and Inflation Rates Assumptions
Table 5 NI51-101 Summary of Pricing and Infiation Rates Assumptions as of March 31, 2007 Forecast Prices and Costs wm cushing Cheat Oklahoma ‘Natural Gas Inflation Rate! Year (sUSibbI) (susiMch) (alyr) Historical 2000 2020 18 2001 2598 20 2002 25.09 27 2008 a4 28 2006 4142 13 003 eas 18 2006 cos 20
Slide 10: Reserves Reconciliation and Additional Information Relating to Reserves Data
For the fiscal year ended March 31, 2007, the Company’s weighted average price received for oil was $62.01. PART 4 RESERVES RECONCILIATION Not applicable because no reserves were booked as at the last day of the preceding fiscal year ending March 31, 2006. PART 5 ADDITIONAL INFORMATION RELATING TO R