www.petrelrob.com Worldwide Petroleum Consulting

CORPORATE OVERVIEW Petrel Robertson Consulting Ltd.

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

2

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

3

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

4

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 5

PRCL Geoscience Skills

Subsurface Mapping

Core Logging

Stratigraphic and sedimentologic analysis

Petrography

Structural Geology

Field Mapping

Geological database construction / management

Hydrogeology

Reservoir characterization

Seismic Acquisition

Seismic Interpretation

Geostatistical Reservoir Modeling

Quantitative Petrophysical Analysis

6

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

7

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

8

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

9

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

10

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

11

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

12

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

13

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 14

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

15

“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

16

“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

17

“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 recommendations Middle 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

18

“Worldwide Petroleum Consulting”

International

South America Argentina – San Jorge Basin mapping and resource assessment Chile – Andean foreland exploration mapping Colombia – 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

19

“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

20

Affiliated Consultants

PRCL has built a diverse and highly experienced team of Affiliated Consultants, who contribute a

huge variety of geoscience and engineering skill sets.

We can build the best team to address a broad spectrum of strategic and technical issues in the

petroleum industry, anywhere in the world.

21

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

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

23