This document summarizes operational maps and reserves potential for several of the company's asset areas. Key details include estimated oil and gas in place, recovery factors, reserves potential, drilling costs, economics and prospect inventories for locations in Alberta, Saskatchewan and British Columbia. Operating metrics like recoverable reserves, production rates, costs and returns are provided for each area.

1. Operational Map Montages

2. Garrington/Westward Ho Cardium - AB
Reserves Potential
OOIP per Sec (mmbbls) 3-5
Ultimate Recovery Factor (%) 10 - 30
Key Attributes
Approximate Working Interest (%) 65 - 70
DCET Capital (Gross) $MM 3.0 – 3.3
Expected Ultimate Reserves - Gross (mboe) 160
Percent Natural Gas (%) 20
Operating Costs ($/boe) 6
F & D ($/boe) 20
Operating Netback ($/boe) 75
Recycle Ratio (x) 4.0
BTAX NPV @15 - Gross ($MM) 1.4 – 1.7
BTAX ROR (%) 35 - 40
BTAX Payout (months) 24 - 30
2012 Drilling Program 21
Note: Price Assumptions in Appendix
Risked Prospect Inventory (Gross)
NAL Access Lands Drillable Contingent Risked Total
Key Penetrations
2012 Program 102 75 176
2011 Program
Note: Refer to Appendix to explain inventory tally methodology
2

3. Lochend Cardium - AB
Reserves Potential
OOIP per Sec (mmbbls) 2.6
Ultimate Recovery Factor (%) 10 - 30
Key Attributes
Approximate Working Interest (%) 65
DCET Capital (Gross) $MM 3.5 – 3.7
Expected Ultimate Reserves - Gross (mboe) 200 - 300
Percent Natural Gas (%) 21
Operating Costs ($/boe) 5
F & D ($/boe) 12 - 20
Operating Netback ($/boe) 60
3D Recycle Ratio (x) 3.5 - 5.0
BTAX NPV @15 - Gross ($MM) 1.7 – 6.0
BTAX ROR (%) 30 - 200
BTAX Payout (months) 8 - 36
2012 Drilling Program 17
Note: Price Assumptions in Appendix
NAL Access Lands
Key Penetrations Prospect Inventory (Gross)
2012 Program
2011 Program Drillable Contingent Risked Total
28 55 83
Note: Refer to Appendix to explain inventory tally methodology
3

4. Cardium Type Curves
WESTWARD HO, GARRINGTON & LOCHEND TYPE CURVES
500
450 Lochend Sweet Spot Lochend Normal
400
Production Volumes (Boe/d)
WWHO Garrington
350
300
250
200
150
100
50
0
1 13 25 37 49
Month
4

5. Greater Williston – Mississippian - SK
Reserves Potential
Chapleau Lake
OOIP per Sec (mmbbls) Up to 9
Ultimate Recovery Factor (%) 10 - 60
Key Attributes
Approximate Working Interest (%) 35 – 100
DCET Capital (Gross) $MM 1.2 – 1.7
Expected Ultimate Reserves - Gross (mboe) 60 – 70
Percent Natural Gas (%) 0 – 10
Weyburn Operating Costs ($/boe) 10
F & D ($/boe) 18 - 28
Operating Netback ($/boe) 70 - 85
Nottingham/ Alida Recycle Ratio (x) 2.5 - 4.0
BTAX NPV @15 - Gross ($MM) 0.9 – 1.9
Midale
BTAX ROR (%) 45 - 190
BTAX Payout (months) 12 - 24
2012 Drilling Program 30
Note: Price Assumptions in Appendix
NAL Access Lands
Estevan
Mississippian Oil Pools
3D Seismic Outline
Prospect Inventory (Gross)
Drillable Contingent Risked Total
74 37 111
Note: Refer to Appendix to explain inventory tally methodology
5

6. SE Sask Mississippian Type Curve
Based on 2006 – 2010 drills
120
110
100
90
1st Month IP: 115 bbls/d
80
70 EUR: 110 mboe/well
Rate (bbl/d)
60
50
40
30
20
10
0
0 12 24 36 48 60 72 84 96 108 120 132 144 156 168 180 192 204
Months
6

7. Greater Hoffer Area – Mississippian - SK
Reserves Potential
OOIP per Sec (mmbbls) Up to 5
Ultimate Recovery Factor (%) 10 - 30
Neptune
New Pool Discovery Key Attributes
Approximate Working Interest (%) 50
DCET Capital (Gross) $MM 1.8 – 2.3
Expected Ultimate Reserves - Gross (mboe) 85 - 105
Percent Natural Gas (%) 0
Beaubier
New Pool Discovery
Opex/ boe ($/boe) - First 12 Month Ave 7-9
F & D ($/boe) 20 - 27
Netback ($/boe) - lifetime 55 - 60
Recycle Ratio 2.0 - 3.0
Oungre BTax NPV @15 ($) - Gross $MM 0.8 – 1.4
Pool Extension
NAL Access Lands BTax ROR (%) 30 - 50
MSSP Producers BTax Payout (mnths) 24 - 36
2012 Program Hoffer 2012 Program 23
2011 Program 2009 Pool Discovery
MSSP Oil Pools
Note: Price Assumptions in Appendix
3D Seismic Outline
Prospect Inventory (Gross)
Drillable Contingent Risked Total
75 39 114
Note: Refer to Appendix to explain inventory tally methodology
7

8. Sawn Lake – Slave Point – Northern AB
Reserves Potential
OOIP per Sec (mmbbls) 3-6
Ultimate Recovery Factor (%) 10 - 25
3D
Key Attributes
Approximate Working Interest (%) 50
DCET Capital (Gross) $MM 4.5 – 5.5
Expected Ultimate Reserves - Gross (mboe) 167
Percent Natural Gas (%) 5
Operating Costs ($/boe) 5
F & D ($/boe) 25
Operating Netback ($/boe) 62
Recycle Ratio (x) 2.5
1-26-91-13W5 BTAX NPV @15 - Gross ($MM) 1.9
IP: 445 bopd BTAX ROR (%) 55
& 2%WC BTAX Payout (months) 15.3
2012 Drilling Program 2
16-35-91-13W5
Note: Price Assumptions in Appendix
IP: 380 bopd
& 7%WC
Prospect Inventory (Gross)
NAL Access Lands
Drillable Contingent Risked Total
SLVP Penetrations
2012 Program 28 20 48
2011 Program
Note: Refer to Appendix to explain inventory tally methodology
8

9. Deep Basin - Liquids-Rich Gas – AB
Reserves Potential
OGIP per Sec (Bcf) 8 - 15
Ultimate Recovery Factor (%) 10 - 30
Key Attributes
Approximate Working Interest (%) 20 - 70
DCET Capital (Gross) $MM 3-6
Expected Ultimate Reserves - Gross (mboe) 300 - 550
Percent Natural Gas (%) 60 - 94
NGL Yield (bbls/mmcf) 10 - 60
Operating Costs ($/boe) 4 -7
F & D ($/boe) 9 - 14
Operating Netback ($/boe) 20 - 35
Recycle Ratio (x) 2.0 - 4.0
BTAX NPV @15 - Gross ($MM) 0.6 – 2.0
BTAX ROR (%) 20 - 50
BTAX Payout (months) 22 – 40
2012 Drilling Program 12 (3 on Map Sheet)
Note: Price Assumptions in Appendix
NAL Access Lands
TD in Mannville
2012 Program Prospect Inventory (Gross)
2011 Program
Drillable Contingent Risked Total
52 78 130
Note: Refer to Appendix to explain inventory tally methodology
9

10. Fireweed – Montney - BC
Reserves Potential
NAL Access Lands OGIP per Sec (Bcf) Up to 45
MNTY Penetrations
2012 Program Ultimate Recovery Factor* (%) 40
2011 Program
*Note: Assumes four wells per section.
Key Attributes (First Well Only)
Approximate Working Interest (%) 100
DCET Capital (Gross) $MM 6.5 – 8.0
Expected Ultimate Reserves - Gross (mboe) 630
Percent Natural Gas (%) 60
Operating Costs ($/boe) 6
NGL Yield (bbls/mmcf) Up to 100
F & D ($/boe) 14
Operating Netback ($/boe) 29
Recycle Ratio (x) 2.1
BTAX NPV @15 - Gross ($MM) 450
BTAX ROR (%) 17
BTAX Payout (months) 58
2012 Drilling Program 1–2
Note: Price Assumptions in Appendix
Prospect Inventory (Gross)
Drillable Contingent Risked Total
12 8 20
Note: Refer to Appendix to explain inventory tally methodology
10