• Review of strategic alternatives
• Production of 695 Boe/d consisting of 1,750 MMcf/d gas and 403 Bbl/d of oil and NGLs (April 1 to 15, 2008)
• Both operated and non-operated production
• 84% of the reserve value (P+P) is at Brazeau, Mantario, Ricinus, and Chime properties
• 94% working interest in the large OOIP Brazeau Nisku I oil pool
• Reserve Life Index of 9.2 years (P+P)
• Opportunities include:
  • New 3-D seismic indicates upside potential at Brazeau
  • Extension drilling at Mantario (25% W.I.) and exploration drilling at Eatonia (100% W.I.)
  • 3-D seismic defined drilling opportunites at Trutch (45% W.I.)
  • 3-D seismic defined drilling opportunities at Chime (14 to 45% W.I.)

Data Rooms open early May 2008

Bids due late May to early June 2008