North Peace River Arch Business Unit (“NPRA”)

• Q1-2011 average production 4,100 BOE/d (33% oil & liquids)
  
• Q1-2011 two (1.25 net) wells drilled, 2011 budgeted capital $30MM
  
• Stable production base
  
• Large new Triassic light oil project under evaluation in 2011