Canadian Oil & Gas Reserves 2013 Chart

RESERVESCHART 2013

CANADIAN &

GAS

Industry Overview

CANADA’S LARGEST OIL AND GAS COMPANIES PROVED BARRELS OF OIL EQUIVALENT AT END OF 2013 (IN MILLIONS) Company Canadian Natural Resources Limited Imperial Oil Limited Suncor Energy Inc. Shell Canada Limited ConocoPhillips Canada Limited Cenovus Energy Inc. MEG Energy Corp. Husky Energy Inc. Total S.A. Encana Corporation Devon Canada Corporation Canadian Oil Sands Limited Marathon Oil Corporation Chevron Canada Limited Apache Canada Ltd. Penn West Petroleum Ltd. ARC Resources Ltd. Crescent Point Energy Corp. Tourmaline Oil Corp. Pengrowth Energy Corporation Peyto Exploration & Development Corp. Bonavista Energy Corporation Murphy Canada Exploration Company Talisman Energy Inc. Harvest Operations Corp. Birchcliff Energy Ltd. Connacher Oil and Gas Limited Advantage Oil & Gas Ltd. BP Canada Energy Company Sinopec Daylight Energy Ltd. Lightstream Resources Ltd. Bellatrix Exploration Ltd. Southern Pacific Resource Corp. Baytex Energy Corp. Enerplus Corporation Crew Energy Inc. Whitecap Resources Inc. Paramount Resources Ltd. NuVista Energy Ltd. Sunshine Oilsands Ltd. Trilogy Energy Corp. Legacy Oil + Gas Inc. Athabasca Oil Corporation BlackPearl Resources Inc. Long Run Exploration Ltd.

CANADIAN PROVED OIL AND LIQUIDS RESERVES (MILLIONS OF BARRELS)

2013 2012 2011 2010 2009 2008 2007 2006 2005

Revisions

Improved Recovery

488.25 954.72 409.41 497.89 1,380.48 953.16 602.21 828.47 2,051.09

477.79 37.51 41.98 32.07 110.49 66.88 137.63 427.34 106.31

Asset Purchases

Discoveries/ Extensions

Asset Sales

762.98 201.31 499.67 869.79 2,124.39 202.86 1,235.72 366.72 192.67

142.5 177.01 41.15 407.28 1,125.24 37.30 493.97 45.41 161.08

2,267.44 2,583.48 2,791.30 1,292.76 1,642.66 656.10 598.25 1,516.87 852.91

Production

At Year-End

Net Of Purchases

Reserve Life Index (yrs)

Production Replacement

1,126.59 1,056.20 977.03 908.74 812.84 829.73 797.97 795.50 775.93

29,463.10 27,332.63 24,978.38 21,965.62 18,802.52 16,656.05 16,613.98 15,312.82 13,326.46

28,700.12 27,131.32 24,478.71 21,095.62 16,678.13 16,453.19 15,378.26 14,874.66 11,282.93

26.15 25.88 25.57 24.17 23.13 20.07 20.82 19.25 14.79

201% 245% 286% 142% 202% 79% 75% 191% 110%

245% 335% 328% 197% 372% 194% 150% 295% 374%

Production Replacement

Production Replacement Including Revisions

CANADIAN PROVED NATURAL GAS RESERVES (BILLIONS OF CUBIC FEET) Revisions

Improved Recovery

Asset Purchases

Asset Sales

Discoveries/ Extensions

Production

At Year-End

Net Of Purchases

Reserve Life Index (yrs)

1,150.24 -2,124.88 1,192.23 1,218.57 -1,224.60 409.18 203.23 20.85 168.95

150.81 7.37 11.06 101.16 42.38 483.93 133.42 248.55 182.69

1,322.99 1,162.12 1,653.11 3,286.17 2,720.14 1,742.10 1,246.56 5,196.58 1,063.25

2,484.49 1,437.49 1,004.16 3,101.80 2,257.77 479.42 782.94 199.71 930.77

4,723.66 3,616.25 6,280.20 5,260.97 4,345.62 3,905.34 3,779.31 4,537.49 6,066.11

4,115.81 4,187.92 4,580.61 4,257.81 4,342.68 4,439.34 4,485.11 4,558.95 4,933.26

36,894.95 36,532.04 43,359.35 41,254.89 36,272.90 37,765.38 36,981.75 38,727.69 39,899.45

35,571.96 35,369.92 41.706.24 37,968.72 33,552.76 36,023.28 35,735.19 33,531.12 38,836.21

8.96 8.72 9.5 9.1 8.4 8.5 8.2 8.49 8.09

Proved oilsands reserves climb again 30,000

2013

2012

2011

2010

2009

2008

2007

2006

2001

2013

2012

2011

2010

2009

5,000

2005

10,000

2004

15,000

3,000 2,500 2,000 1,500 1,000 500 0 -500 -1,000 2003

Millions of barrels

20,000

2008

2013

2012

2011

80 2010

1,000 2009

2008

100

2,000

2007

3,000

2006

110

2005

120

4,000

2004

5,000

2003

130

2002

140

6,000

2001

7,000

143% 36% 163% 143% 72% 97% 88% 100% 126%

Reserves added from drilling and improved recovery Revisions to reserves Production

25,000 Percentage replacement

Billions of cubic feet

Reserves added from drilling Production replacement rate, excluding revisions, economic factors

115% 86% 137% 116% 100% 88% 84% 100% 123%

Canadian proved oil reserve growth in 2013 increases from prior year

2002

Canadian proved gas reserve additions from drilling rise in 2013

2007

2013 2012 2011 2010 2009 2008 2007 2006 2005

2012 Proved

Revisions

Drilling Additions

Improved Recovery

Economic Factors

Acquisitions

4,663.17 4,130.83 3,824.33 2,013.50 2,270.00 2,175.17 1,283.98 1,097.93 1,038.00 1,247.97 727.00 801.00 653.00 513.00 540.91 444.83 363.91 349.67 249.08 299.25 276.35 248.41 247.63 230.28 252.38 185.94 214.01 191.35 195.67 120.37 130.64 55.22 120.42 121.46 132.41 85.09 60.89 50.85 59.15 80.00 70.63 55.41 62.57 15.89 53.66

173.50 -100.33 40.00 23.33 170.33 38.67 2.00 43.90 2.00 -189.43 29.17 -30.00 36.00 40.00 18.27 21.17 19.18 29.22 4.58 4.85 -12.26 3.24 16.67 10.97 -1.23 0.21 1.79 9.73 -5.33 5.57 0.40 11.05 3.88 -0.61 6.78 10.36 2.45 7.18 2.82 -1.00 2.28 2.41 0.42 2.72 3.38

165.33 38.50 998.00 63.33 80.17 170.00 172.81 130.47 53.00 131.17 49.17 -6.00 -74.11 22.17 31.65 25.98 81.37 78.86 61.99 21.26 7.38 31.08 8.12 45.55 0.59 21.11 -16.51 11.37 34.43 -21.81 7.09 27.76 14.03 39.49 30.63 -17.17 8.96 4.37 4.33 8.39

1.17 --436.67 1.00 --7.10 ----------3.99 0.08 -1.49 -----------0.24 --0.94 ------44.74 --

-15.50 3.00 ------2.82 --20.27 18.83 -----0.33 -0.71 -0.52 -0.02 -0.47 --0.11 ---0.22 --0.07 --3.00 0.01 -0.26 -0.34 0.01 -0.39 --0.27 --0.23 0.13 0.02 -0.36

34.50 60.33 --0.17 --1.47 -------0.17 0.08 4.07 15.74 0.82 0.03 13.44 -0.77 0.77 ----8.87 0.72 32.68 --1.88 3.02 24.90 ---0.01 7.54 -0.04 7.48

x x

x x x x x

x x

Dispositions

Production

2013 Proved

2013 Probable

R/P Ratio

231.67 105.00 178.50 104.83 100.17 94.67 12.89 111.20 5.00 100.97 65.50 36.00 15.00 16.00 39.18 50.17 34.75 38.16 27.27 30.68 21.67 26.76 22.08 23.13 19.03 9.60 4.33 9.29 0.67 14.85 16.74 7.96 1.30 19.70 17.79 10.01 7.31 7.63 6.31 -12.60 6.88 2.37 3.55 9.16

4,790.33 4,027.33 4,543.17 2,432.00 2,421.00 2,284.17 1,445.90 1,166.28 1,088.00 979.60 757.33 735.00 680.00 537.00 461.87 411.17 374.00 370.14 316.31 306.45 304.44 256.22 249.60 246.53 232.07 220.03 212.06 191.88 189.67 133.47 124.15 124.11 123.00 122.39 122.20 115.23 94.58 87.67 80.46 79.00 77.50 66.71 65.12 63.83 62.69

2,684.83 2,057.00 2,756.00 --923.00 1,450.92 1,784.55 -485.07 -923.00 ---208.00 259.87 190.07 273.60 170.20 163.32 142.31 --231.37 150.00 234.31 128.60 -112.71 74.90 87.37 153.15 142.19 47.13 82.08 37.84 139.61 58.77 364.00 27.69 50.45 416.43 226.78 34.99

1.40 -0.56 5.82 4.99 2.51 2.20 13.56 1.61 11.00 -0.78 1.48 -0.83 2.80 2.50 2.36 0.86 1.44 1.43 3.30 2.72 2.29 0.97 1.09 1.82 0.36 4.79 0.55 3.31 -8.00 1.28 0.70 5.68 2.98 1.11 0.78 3.77 2.38 6.12 5.34 -1.54 1.69 2.08 14.59 1.25

0.17 -140.67 -0.50 5.00 -0.57 -88.87 1.33 ---132.25 26.67 5.36 0.11 11.16 46.25 -4.75 -3.43 8.93 2.29 -20.94 --2.25 1.04 -1.16 8.17 0.61 1.32 2.22 6.11 --0.96 -0.35 0.71

Senior s – Canadian Reserves

Junior s – Canadian Reserves

Canadian NGL Reserves

TOP 25 SENIORS WITH PROVED OIL AND LIQUIDS RESERVES AT END OF 2013 (MILLIONS OF BARRELS)

TOP 25 JUNIORS WITH PROVED OIL AND LIQUIDS RESERVES AT END OF 2013 (MILLIONS OF BARRELS)

CANADIAN COMPANIES PROVED NATURAL GAS LIQUIDS RESERVES AT END OF 2013 (MILLIONS OF BARRELS)

Company Canadian Natural Resources Limited Imperial Oil Limited Suncor Energy Inc. Shell Canada Limited Cenovus Energy Inc. ConocoPhillips Canada Limited MEG Energy Corp. Total S.A. Husky Energy Inc. Canadian Oil Sands Limited Marathon Oil Corporation Devon Canada Corporation Chevron Canada Limited Crescent Point Energy Corp. Penn West Petroleum Ltd. Connacher Oil and Gas Limited Pengrowth Energy Corporation Harvest Operations Corp. Apache Canada Ltd. Murphy Canada Exploration Company Encana Corporation ARC Resources Ltd. Baytex Energy Corp. Lightstream Resources Ltd. Bonavista Energy Corporation

2012 Proved

Revisions

Drilling Additions

3,999.00 4,086.00 3,682.00 1,845.00 2,016.00 1,976.00 1,283.98 1,038.00 752.50 801.00 653.00 613.00 513.00 321.56 316.00 214.01 170.44 199.70 184.60 155.90 126.30 127.21 110.02 106.69 94.91

123.00 -102.00 39.00 -16.00 26.00 113.00 2.00 2.00 30.60 -30.00 36.00 18.00 40.00 26.82 1.00 1.79 2.75 -3.30 0.02 11.00 -9.10 3.42 -2.48 -3.95 1.25

125.00 38.00 997.00 6.00 166.00 71.00 172.81 53.00 91.80 -6.00 46.00 -24.36 18.00 0.59 76.28 5.90 14.19 0.30 37.00 16.96 20.83 9.08 8.11

25,385.82

310.81

2,004.21

x x x

x x

Totals

Improved Recovery

Economic Factors

Acquisitions

Dispositions

Production

2013 Proved

2013 Probable

R/P Ratio

1.00 3.00 ------0.60 ---8.00 --0.37 1.00 --0.07 ----0.10 0.11 0.71 1.23 0.02

11.00 14.00 ------1.30 ----3.89 --0.52 0.60 ---0.06 -0.58 2.98

--16.00 -5.00 ---0.10 ----0.07 19.00 -33.76 6.00 16.93 -3.20 2.17 1.16 2.11 1.55

163.00 95.00 167.00 63.00 63.00 53.00 12.89 5.00 80.00 36.00 15.00 38.00 16.00 34.72 32.00 4.33 16.68 12.40 8.91 11.40 9.80 13.62 17.16 13.49 9.89

4,097.00 3,944.00 4,535.00 2,182.00 2,140.00 2,108.00 1,445.90 1,088.00 803.80 735.00 680.00 631.00 537.00 341.47 285.00 212.06 199.52 184.50 172.96 155.80 141.10 131.96 111.01 98.03 97.82

2,398.00 2,016.00 2,750.00 -873.00 -1,450.92 -1,702.20 923.00 ---175.13 147.00 234.31 111.61 208.10 --92.40 62.10 132.10 60.86 55.37

1.53 -0.64 6.20 6.35 3.05 3.49 13.56 11.00 1.63 -0.83 2.80 1.47 2.50 1.46 0.63 0.55 4.74 0.21 1.59 0.99 2.84 1.50 1.12 0.47 1.15

Pinecrest Energy Inc.

9.41

-2.26

0.14

0.74

0.08

0.13

1.17

6.82

-0.87

34.93

107.05

991.29

27,057.94

13,392.10

2.76

Painted Pony Petroleum Ltd.

6.66

-0.96

1.66

0.03

0.59

6.80

1.00 --410.00 -1.00 --7.10 -------0.04 -----0.24 -1.99 421.38

Company

2012 Proved

Encana Corporation Canadian Natural Resources Limited Husky Energy Inc. ConocoPhillips Canada Limited Apache Canada Ltd. Tourmaline Oil Corp. Peyto Exploration & Development Corp. Shell Canada Limited ARC Resources Ltd. Birchcliff Energy Ltd. Talisman Energy Inc. Advantage Oil & Gas Ltd. Bonavista Energy Corporation Cenovus Energy Inc. Devon Canada Corporation Penn West Petroleum Ltd. Pengrowth Energy Corporation Murphy Canada Exploration Company Sinopec Daylight Energy Ltd. Imperial Oil Limited Bellatrix Exploration Ltd. Crew Energy Inc. Enerplus Corporation NuVista Energy Ltd. Paramount Resources Ltd.

x x

Totals

Revisions

6,730.00 3,985.00 2,072.60 1,764.00 2,137.88 1,317.83 1,376.81 1,011.00 1,420.20 961.80 1,022.30 1,013.77 920.97 955.00 684.00 773.00 772.86 550.40 465.25 269.00 213.35 299.92 350.55 254.18 201.90

-1,082.00 303.00 79.80 344.00 109.55 30.97 -32.61 236.00 94.60 -5.00 65.80 51.95 11.98 76.00 67.00 121.00 12.57 34.00 25.58 10.00 56.77 52.37 31.50 6.30 23.50

31,523.57

724.61

Drilling Additions

Improved Recovery

Economic Factors

565.00 242.00 232.00 55.00 359.49 407.70 334.79 344.00 88.10 252.20 151.70 99.79 78.92 24.00 19.00 25.00 15.48 42.50 55.43 3.00 154.03 131.55 23.37 116.60 124.00

-1.00 ----14.74 -160.00 -----3.00 ---0.24 ---------

-121.00 -99.00 -20.50 ---0.07 ---4.90 1.10 --1.11 -0.81 -161.00 -8.00 -2.41 --14.90 --0.90 -2.79 -3.07 1.73 --

3,944.65

143.50

Acquisitions

Dispositions

Production

2013 Proved

-141.00 1.00 1.00 -84.91 0.18 -0.10 -4.00 -62.74 --1.00 1.76 -40.88 278.00 89.09 14.79 1.68 ---

514.00 1.00 2.80 3.00 691.88 58.55 --19.10 -14.60 102.15 19.22 -8.00 46.00 74.94 ---4.42 2.63 5.75 22.17 9.40

547.00 412.00 187.20 283.00 181.59 145.04 115.89 251.00 126.80 45.50 110.00 44.23 101.21 190.00 165.00 109.00 84.01 64.10 53.08 60.00 33.56 30.73 62.08 26.13 38.70

5,031.00 4,160.00 2,174.90 1,878.00 1,733.46 1,623.01 1,563.28 1,500.00 1,452.20 1,164.60 1,119.20 1,018.02 950.37 865.00 758.00 757.00 641.55 562.80 519.16 500.00 474.35 462.48 336.20 330.51 301.30

2,356.00 1,721.00 494.10 --1,403.12 840.23 -1,186.60 755.90 -646.73 521.64 300.00 -366.00 351.53 -470.82 246.00 326.07 326.72 142.10 236.15 149.20

-1.17 1.08 1.56 1.41 2.58 2.92 2.61 2.95 1.40 5.46 1.98 3.41 0.86 0.53 1.50 1.27 0.31 1.19 1.25 0.22 6.25 5.89 0.83 4.77 3.81

722.12

1,599.60

3,466.86

31,876.37

12,839.91

1.35

-115.62

2013 Probable

2012 Proved 4,021.00 3,587.00 3,321.00 1,812.00 1,900.00 1,717.00 1,283.98 1,038.00 801.00 653.00 528.00 513.00 310.90 214.01 119.10 94.10 12.79 19.48

Imperial Oil Limited Suncor Energy Inc. Canadian Natural Resources Limited Shell Canada Limited ConocoPhillips Canada Limited Cenovus Energy Inc. MEG Energy Corp. Total S.A. Canadian Oil Sands Limited Marathon Oil Corporation Devon Canada Corporation Chevron Canada Limited Husky Energy Inc. Connacher Oil and Gas Limited Murphy Canada Exploration Company Harvest Operations Corp. Pengrowth Energy Corporation Baytex Energy Corp.

x x

x x x x

Drilling Additions 35.00 995.00 51.00 -68.00 134.00 172.81 53.00 -6.00 38.00 -39.50 0.59 --69.29 0.56

Revisions -102.00 27.00 68.00 -14.00 102.00 32.00 2.00 2.00 -30.00 36.00 16.00 40.00 24.20 1.79 2.60 1.90 0.32 0.06

Improved Recovery ---410.00 --------0.80 ------

Economic Factors 3.00 ----------11.00 ------0.13

Acquisitions

Dispositions

Production

------------1.20 ------

-------------------

86.00 144.00 72.00 55.00 40.00 37.00 12.89 5.00 36.00 15.00 19.00 16.00 17.40 4.33 4.70 -0.67 0.90

2013 Proved 3,871.00 4,465.00 3,368.00 2,153.00 2,030.00 1,846.00 1,445.90 1,088.00 735.00 680.00 552.00 537.00 359.20 212.06 117.00 96.00 81.73 19.32

2013 Probable 1,988.00 2,467.00 2,091.00 --683.00 1,450.92 -923.00 ---1,511.30 234.31 -163.40 60.84 82.56

Improved Recovery

Economic Factors

Acquisitions

Dispositions

2013 Proved

Production

2013 Probable

R/P Ratio

-7.00

188.00

3.88

1.30

123.00

153.15

2.98

Sunshine Oilsands Ltd.

80.00

-1.00

79.00

364.00

BlackPearl Resources Inc.

15.85

2.68

4.33

44.74

0.02

0.34

3.46

63.81

226.75

14.94

Athabasca Oil Corporation

55.40

0.60

2.60

0.10

1.20

57.50

406.40

2.75

Raging River Exploration Inc.

11.01

0.07

17.75

0.03

3.39

2.07

30.18

10.92

8.62

7.69

1.16

3.47

-0.03

14.75

1.87

25.16

13.17

2.45

Arcan Resources Ltd.

21.96

2.03

1.65

-0.01

0.21

1.36

24.05

13.42

2.69

DeeThree Exploration Ltd.

11.14

2.39

8.05

0.04

0.18

2.02

19.78

10.52

5.19

Longview Oil Corp.

16.59

-1.27

1.55

0.13

0.14

1.73

15.12

14.86

0.23

Cardinal Energy Ltd.

2.68

-0.18

0.73

0.05

9.07

0.48

11.88

6.24

1.25

Zargon Oil & Gas Ltd.

10.82

0.67

2.19

0.02

1.74

1.58

10.37

7.25

1.80

Delphi Energy Corp.

5.57

0.74

4.47

-0.01

0.81

9.95

6.80

6.41

RMP Energy Inc.

6.46

-0.21

4.50

0.15

1.33

9.56

8.37

3.21

2.37

7.23

0.30

9.31

7.50

8.00

8.63

1.19

0.70

-0.01

0.08

1.98

8.61

5.56

0.95

Kelt Exploration Ltd. Freehold Royalties Ltd.

R/P Ratio

Drilling Additions

195.00

TORC Oil & Gas Ltd.

Start Discoveries/ Revisions Of Year Extensions

Canadian Natural Resources Limited

94.00

8.00

16.00

-1.00

2.00

Bonavista Energy Corporation

61.13

2.34

4.71

1.84

-0.00

2.66

Improved Recovery

Economic Factors

Acquisitions

Production

End Of Year

Net Of Purchases

9.00

110.00

108.00

17.02%

12.22

2.56

0.28

5.50

66.89

64.23

9.42%

12.15

1.61

Dispositions

Per Cent Change

Life Index Years

52.00

10.00

2.00

8.00

56.00

7.69%

7.00

1.50

-6.82

6.19

2.35

43.84

-6.36%

18.65

-0.27

15.66

3.35

18.73

0.05

0.91

36.78

134.82%

40.33

24.21

34.25

0.55

4.01

0.30

2.44

36.07

5.30%

14.77

1.87

Tourmaline Oil Corp.

21.22

-0.16

6.95

6.45

-0.00

1.50

1.40

2.10

32.48

30.98

53.02%

15.50

6.32

Penn West Petroleum Ltd.

27.00

6.00

1.00

4.00

29.00

7.41%

7.25

1.75

Bellatrix Exploration Ltd.

9.01

1.68

6.43

-0.01

10.21

0.12

1.35

25.84

15.64

186.87%

19.10

5.99

28.38

1.35

0.98

0.01

-0.04

0.15

1.72

3.81

25.30

25.15

-10.85%

6.64

0.60

20.00

3.00

1.00

3.00

4.00

23.00

15.00%

5.75

1.75

NuVista Energy Ltd.

11.32

1.72

11.14

0.03

1.42

22.76

101.02%

16.01

9.07

Sinopec Daylight Energy Ltd.

16.34

3.86

3.30

-0.38

2.05

2.52

22.65

20.61

38.61%

8.98

2.69

ARC Resources Ltd.

20.21

1.08

2.68

-0.01

0.75

1.84

21.38

5.78%

11.63

2.04

Peyto Exploration & Development Corp. Paramount Resources Ltd. Apache Canada Ltd.

Pengrowth Energy Corporation Devon Canada Corporation

Crew Energy Inc.

14.48

2.07

2.23

-0.00

0.56

0.10

1.08

18.16

17.60

25.35%

16.75

3.97

Crescent Point Energy Corp.

14.16

2.55

0.51

0.17

0.01

1.85

15.52

15.35

9.63%

8.38

1.65

Gear Energy Ltd.

5.97

0.05

2.98

0.15

-0.01

1.38

7.75

5.32

2.29

7.00

-1.18

2.11

-0.01

0.91

7.01

4.39

1.01

Harvest Operations Corp.

15.00

-0.70

0.70

0.10

0.30

1.90

12.90

12.80

-14.00%

6.79

4.74

-1.11

Trilogy Energy Corp.

11.25

1.81

0.99

1.76

12.29

12.28

9.23%

6.97

1.59

18.30

1.24

Legacy Oil + Gas Inc.

6.70

1.66

0.91

0.02

0.62

9.55

8.64

42.52%

15.43

4.16

Rock Energy Inc.

4.88

0.23

2.31

0.06

0.07

1.17

6.25

3.67

2.18

Delphi Energy Corp.

4.87

0.75

4.47

-0.01

0.70

9.38

92.51%

13.44

7.46

Tamarack Valley Ltd.

4.21

-0.33

0.79

1.90

0.70

5.88

5.49

0.67

Advantage Oil & Gas Ltd.

6.02

2.34

3.19

-0.01

2.48

0.28

8.77

45.79%

30.83

19.39

Artek Exploration Ltd.

4.49

-0.93

2.20

0.03

0.28

0.50

5.57

5.27

2.59

Birchcliff Energy Ltd.

5.62

1.22

1.77

0.30

8.31

47.79%

27.55

9.91

Marquee Energy Ltd.

3.93

0.29

0.71

0.03

1.32

0.53

0.50

5.26

3.18

2.08

Vermilion Energy Inc.

3.57

1.37

3.84

0.61

8.17

129.09%

13.43

8.57

Storm Resources Ltd.

3.99

-0.47

1.89

0.73

0.35

4.33

3.25

4.06

Lightstream Resources Ltd.

7.50

0.75

0.72

0.03

0.10

0.03

1.09

7.99

7.89

6.45%

7.33

1.38

619.76

0.19

69.15

45.62

0.45

38.43

3.88

28.77

740.94

Company Painted Pony Petroleum Ltd. Delphi Energy Corp. Kelt Exploration Ltd. Crocotta Energy Inc. Storm Resources Ltd. Artek Exploration Ltd. Questfire Energy Corp. Pine Cliff Energy Ltd. Santonia Energy Inc. RMP Energy Inc. Corridor Resources Inc. Terra Energy Corp. Yoho Resources Inc. Athabasca Oil Corporation DeeThree Exploration Ltd. Marquee Energy Ltd. Freehold Royalties Ltd. TORC Oil & Gas Ltd. Longview Oil Corp. Zargon Oil & Gas Ltd. Tamarack Valley Ltd. Anderson Energy Ltd. Waldron Energy Corporation Shoreline Energy Corp. Crown Point Energy Inc.

Totals

2012 Proved

Revisions

Drilling Additions

Improved Recovery

Economic Factors

Acquisitions

Dispositions

Production

2013 Proved

217.91 109.04 -91.07 59.00 75.36 0.77 11.08 74.47 50.38 57.60 63.76 46.82 43.00 19.29 15.37 38.74 17.02 27.43 29.92 14.35 35.12 22.37 18.50 16.80

1.20 4.71 -9.84 2.34 -2.12 -0.18 -1.77 5.65 4.76 2.90 7.43 -0.36 -1.10 5.05 8.98 1.83 3.32 -2.85 2.80 2.59 1.14 -0.61 0.81 1.55

115.09 56.39 23.91 42.21 50.71 22.63 0.30 1.57 7.44 12.61 2.90 0.60 7.65 10.60 17.48 1.92 0.81 6.91 3.37 1.54 2.17 0.65 0.18 ---

-----------0.61 ----------0.70 ---

0.14 -0.12 --0.13 -6.90 -0.65 --0.55 ----0.33 -0.20 -0.05 -0.06 -0.06 -0.22 0.38 -1.06 ---0.02 -0.04 --

--138.17 --4.82 97.39 82.50 0.01 0.45 --5.03 -0.84 14.28 0.36 6.94 -0.02 8.57 0.16 0.10 0.44 --

-0.02 --0.80 ---1.20 --11.45 6.46 --1.47 ---2.05 0.02 11.91 -0.03 --

15.86 13.13 6.89 13.65 5.76 5.09 6.20 9.87 7.06 6.99 2.90 6.93 3.58 7.00 3.61 1.81 6.45 2.43 2.64 5.69 2.98 4.83 3.05 2.83 2.73

318.48 156.88 155.18 129.35 98.60 94.95 92.08 82.95 79.31 61.20 60.50 53.69 49.11 45.70 39.01 37.19 35.24 31.54 25.69 25.48 24.68 20.34 19.67 16.85 15.62

1,155.14

57.91

389.64

1.31

-9.44

360.07

35.40

149.97

1,769.26

1,308.52

4.01

2013 Probable

R/P Ratio

1,272.54 112.23 98.15 79.65 99.18 95.18 33.19 26.30 37.81 36.14 37.80 23.72 180.95 60.20 15.64 15.29 18.38 20.82 20.23 14.78 19.21 10.31 23.14 8.90 9.18

5.04

0.72

1.09

1.75

0.03

0.62

7.94

6.19

57.74%

12.74

2.90

6.79

0.84

0.16

-0.03

0.02

0.60

0.98

6.20

6.18

-8.61%

6.32

0.99

Crocotta Energy Inc.

4.39

-0.36

1.19

-0.00

0.53

4.69

6.69%

8.82

1.55

Painted Pony Petroleum Ltd.

3.85

-0.98

1.52

0.20

4.19

8.80%

21.50

2.74

Long Run Exploration Ltd.

3.41

0.18

0.11

0.22

0.01

0.49

3.41

3.19

0.03%

6.96

0.59

Cequence Energy Ltd.

2.66

0.23

0.57

-0.00

0.05

0.10

0.22

3.19

3.14

20.21%

14.72

3.69

2.37

0.02

0.87

0.17

0.20

0.16

3.08

2.91

29.91%

19.90

5.73

Baytex Energy Corp.

2.81

0.73

0.26

-0.08

0.65

3.07

9.44%

4.74

1.41

Santonia Energy Inc.

3.08

0.05

0.22

0.11

0.25

3.00

-2.73%

11.93

1.09

Storm Resources Ltd.

1.64

-0.41

1.89

0.02

0.18

2.91

77.29%

16.12

8.15

Arcan Resources Ltd.

1.25

1.30

0.28

-0.01

0.01

0.06

2.76

120.41%

49.36

28.21 8.61

Yoho Resources Inc.

7.34 4.65 3.47 3.81 8.01 3.90 0.02 -0.08 1.85 2.48 2.00 1.20 2.04 1.39 6.24 5.99 0.40 4.11 0.34 0.58 1.59 0.37 0.08 0.27 0.57

2,368.91

Whitecap Resources Inc. Enerplus Corporation

Company BP Canada Energy Company Southern Pacific Resource Corp. Sunshine Oilsands Ltd. Athabasca Oil Corporation BlackPearl Resources Inc. Petrobank Energy and Resources Ltd.

x 2

2012 Proved

Revisions

195.00 112.27 78.00 51.40 1.64 --

-7.00 2.05 1.00 -0.30 0.53 --

Drilling Additions

0.93

1.82

0.11

2.64

0.82

24.37

Questfire Energy Corp.

0.02

2.67

0.16

2.54

-0.13

12,610.00%

15.79

0.10

Twin Butte Energy Ltd.

2.56

0.11

0.09

0.07

2.52

-1.69%

34.49

1.60

Athabasca Oil Corporation

1.90

0.20

0.60

0.20

2.50

31.58%

12.50

4.00

Questerre Energy Corporation

0.95

0.02

1.34

0.01

2.30

141.16%

291.10

171.39

589.24

52.43

8.30

1.50

27.11

9.76

64.33

719.97

692.86

22.19%

11.19

2.76

Totals

2.93

Improved Recovery

Economic Factors

Acquisitions

Dispositions

Production

2013 Proved

2013 Probable

Reserve Life Index

-------

-0.29 --0.09 --

188.00 114.03 79.00 51.10 2.08 0.26

-149.44 364.00 398.60 179.50 0.03

-297.31 --24.19 --

-----0.26

Kelt Exploration Ltd.

JUNIORS WITH PROVED OILSANDS RESERVES AT END OF 2013 (MILLIONS OF BARRELS)

2013 Finder s

115.47

Junior companies are defined by production of less than 10,000 barrels of oil equivalent per day. Reserves for international players do not include U.S. reserves. In some cases, company reserves switch from net to gross between years. R/P Ratio is revisions, additions, improved recovery and economic factors divided by production. Reserve Life Index is based on proved year-end reserves divided by production. (X)

Companies reporting net, after royalty reserves.

(1)

Year-end September 30

(2)

Year-end June 30

(3)

Year-end November 30

(4)

Year-end March 31

(5)

Bitumen reserves include in situ and mining combined.

2013 Buyer s

2013 Seller s

TOP 20 COMPANIES ADDING OIL AND LIQUIDS PROVED RESERVES

TOP 20 COMPANIES ADDING NATURAL GAS PROVED RESERVES

TOP 20 BUYERS OF PROVED OIL AND LIQUIDS RESERVES

TOP 20 BUYERS OF PROVED NATURAL GAS RESERVES

TOP 20 SELLERS OF PROVED OIL AND LIQUIDS RESERVES

TOP 20 SELLERS OF NATURAL GAS RESERVES

FROM DRILLING IN 2013 (MILLIONS OF BARRELS)

FROM DRILLING IN 2013 (BILLIONS OF CUBIC FEET)

IN 2013 (MILLIONS OF BARRELS)

IN 2013 (BILLIONS OF CUBIC FEET)

IN 2013 (MILLIONS OF BARRELS)

IN 2013 (BILLIONS OF CUBIC FEET)

Company MEG Energy Corp. Cenovus Energy Inc. Suncor Energy Inc. Canadian Natural Resources Limited Husky Energy Inc. Pengrowth Energy Corporation ConocoPhillips Canada Limited Total S.A. Devon Canada Corporation Imperial Oil Limited Encana Corporation Crescent Point Energy Corp. Baytex Energy Corp. Paramount Resources Ltd. Penn West Petroleum Ltd. Raging River Exploration Inc. ARC Resources Ltd. Apache Canada Ltd. Tourmaline Oil Corp. NuVista Energy Ltd.

x x x

Drilling Additions

Improved Recovery

Production

R/P Ratio

Company

172.81 166.00 997.00 125.00 91.80 76.28 71.00 53.00 46.00 38.00 37.00 24.36 20.83 18.82 18.00 17.75 16.96 14.19 13.42 11.20

---1.00 7.10 0.04 1.00 -----0.24 -----6.45 --

12.89 63.00 167.00 163.00 80.00 16.68 53.00 5.00 38.00 95.00 9.80 34.72 17.16 1.18 32.00 2.07 13.62 8.91 3.10 1.95

13.56 3.05 6.20 1.53 1.63 4.74 3.49 11.00 1.47 -0.64 2.84 1.46 1.12 18.77 0.63 8.62 1.50 1.59 6.22 6.63

Encana Corporation Tourmaline Oil Corp. Apache Canada Ltd. Shell Canada Limited Peyto Exploration & Development Corp. Birchcliff Energy Ltd. Canadian Natural Resources Limited Husky Energy Inc. Bellatrix Exploration Ltd. Talisman Energy Inc. Crew Energy Inc. Paramount Resources Ltd. NuVista Energy Ltd. Painted Pony Petroleum Ltd. Advantage Oil & Gas Ltd. ARC Resources Ltd. Bonavista Energy Corporation Delphi Energy Corp. Sinopec Daylight Energy Ltd. ConocoPhillips Canada Limited

x x

Drilling Additions

Improved Recovery

Production

R/P Ratio

565.00 407.70 359.49 344.00 334.79 252.20 242.00 232.00 154.03 151.70 131.55 124.00 116.60 115.09 99.79 88.10 78.92 56.39 55.43 55.00

--14.74 -160.00 --1.00 ----------3.00 ----

547.00 145.04 181.59 251.00 115.89 45.50 412.00 187.20 33.56 110.00 30.73 38.70 26.13 15.86 44.23 126.80 101.21 13.13 53.08 283.00

-1.17 2.92 2.58 2.95 2.61 5.46 1.08 1.56 6.25 1.98 5.89 3.81 4.77 7.34 3.41 1.40 0.86 4.65 1.25 1.41

Company

Acquisitions

Company

Production

Whitecap Resources Inc. Bellatrix Exploration Ltd. Surge Energy Inc.

19.23 17.83 14.98

5.01 2.37 3.10

Bonterra Energy Corp.

14.75

3.11

TORC Oil & Gas Ltd. Imperial Oil Limited Canadian Natural Resources Limited Twin Butte Energy Ltd. Cardinal Energy Ltd. Spyglass Resources Corp.

14.75 14.00 11.00 9.20 9.07 7.93

1.87 95.00 163.00 5.65 0.48 2.72

Kelt Exploration Ltd.

7.23

0.30

Legacy Oil + Gas Inc. Long Run Exploration Ltd. Crescent Point Energy Corp. Questfire Energy Corp. Raging River Exploration Inc. Bonavista Energy Corporation Sinopec Daylight Energy Ltd. Tamarack Valley Ltd. Anterra Energy Inc.

6.52 5.36 3.89 3.84 3.39 2.98 2.06 1.90 1.76

6.11 4.83 34.72 0.28 2.07 9.89 6.01 0.70 0.12

Imperial Oil Limited Canadian Natural Resources Limited Kelt Exploration Ltd. Questfire Energy Corp. Bellatrix Exploration Ltd. Tourmaline Oil Corp. Pine Cliff Energy Ltd. Bonavista Energy Corporation Spyglass Resources Corp. Sinopec Daylight Energy Ltd. Whitecap Resources Inc. Bonterra Energy Corp. Crew Energy Inc. Marquee Energy Ltd. Long Run Exploration Ltd. Cardinal Energy Ltd. Strategic Oil & Gas Ltd. Tamarack Valley Ltd. TORC Oil & Gas Ltd. Legacy Oil + Gas Inc.

International Player s

Oilsands Player s

TOP 20 CANADIAN-BASED INTERNATIONAL PLAYERS WITH FOREIGN OIL AND LIQUIDS RESERVES

OILSANDS SYNTHETIC/BITUMEN RESERVES – MINING (MILLIONS OF BARRELS) Company

IN 2013 (MILLIONS OF BARRELS) 2012 Proved

Company

2012 Probable

2013 Proved

2013 Probable

2013 Production

Reserve Life Index

Pacific Rubiales Energy Corp.

321.09

188.88

352.06

210.00

61.70

5.71

Canadian Natural Resources Limited

330.00

160.00

323.00

155.00

12.00

26.92

Suncor Energy Inc.

275.00

160.00

258.00

148.00

28.00

9.21

Bankers Petroleum Ltd.

139.42

86.28

146.64

85.53

6.63

22.10

65.20

54.40

15.70

3.46

Vermilion Energy Inc.

42.91

21.14

48.48

23.93

6.36

7.62

TransGlobe Energy Corporation

32.77

15.95

31.64

13.64

6.68

4.74

Husky Energy Inc.

21.70

8.60

23.10

9.70

2.70

8.56

Talisman Energy Inc.

Stream Oil & Gas Ltd.

17.75

6.05

21.32

5.02

0.60

35.78

Sherritt International Corporation

18.11

4.54

17.94

3.02

7.43

2.42

Parex Resources Inc.

10.06

6.04

17.16

14.27

5.78

2.97

Mart Resources Inc.

13.93

5.37

12.79

5.67

1.46

8.76

Calvalley Petroleum Inc.

12.72

12.82

11.46

11.70

1.03

11.14

6.59

4.95

8.33

5.58

0.69

12.03

Chinook Energy Inc.

8.91

10.21

3.90

2.94

0.62

6.27

Serinus Energy Inc.

2.53

5.54

0.21

12.11

Touchstone Exploration Inc.

Sterling Resources Ltd.

3.26

Candax Energy Inc. Niko Resources Ltd.

Antrim Energy Inc.

1.85

1.50

1.04

0.75

2.44

1.35

1.42

0.17

7.99

0.82

0.22

1.19

0.65

0.33

3.59

0.84

15.79

0.74

1.62

0.39

1.91

TOP 20 CANADIAN-BASED INTERNATIONAL PLAYERS WITH FOREIGN NATURAL GAS RESERVES

2012 Proved

Improved Recovery --

2013 Proved

89.00

2,707.00

-2.00

37.00

2,211.00

-1.95%

59.76

48.00

1,731.00

-1.82%

36.06

53.00

5.00

1,088.00

4.82%

217.60

-30.00

36.00

735.00

-8.24%

20.42

1,763.00

16.00

1,038.00

2.00

801.00

Canadian Oil Sands Limited

Per Cent Change 38.25%

Reserve Life Index 30.42

Marathon Oil Corporation

653.00

36.00

6.00

15.00

680.00

4.13%

45.33

Chevron Canada Limited

513.00

40.00

16.00

537.00

4.68%

33.56

Murphy Canada Exploration Company

119.10

2.60

4.70

117.00

-1.76%

24.89

OILSANDS SYNTHETIC/BITUMEN RESERVES – IN SITU (MILLIONS OF BARRELS) Company Imperial Oil Limited ConocoPhillips Canada Limited

5 x

Cenovus Energy Inc.

2012 Probable

2013 Proved

2013 Probable

2013 Production

Reserve Life Index 45.01

0.128

60.71%

Tuscany Energy Ltd.

1.32

0.77

16,558,613

15,326,778

0.080

0.050

58.58%

DeeThree Exploration Ltd.

26.28

14.36

78,892,000

68,130,000

0.333

0.211

58.10%

Paramount Resources Ltd.

87.67

50.85

96,993,000

86,607,000

0.904

0.587

53.95%

Strategic Oil & Gas Ltd.

6.70

4.02

217,604,000

186,800,000

0.031

0.022

43.08%

Petrobank Energy and Resources Ltd.

0.90

0.67

97,514,917

97,596,573

0.009

0.007

35.80%

115.23

85.09

121,629,000

120,815,000

0.947

0.704

34.52%

36.09

23.74

153,654,000

134,386,000

0.235

0.177

32.99%

2.09

2.55

66,634,854

101,171,331

0.031

0.025

24.51%

28.57

22.18

94,973,000

90,705,000

0.301

0.244

23.04%

8.94

7.27

54,158,000

53,748,000

0.165

0.135

22.06%

86.00

3,871.00

68.00

40.00

2,030.00

6.84%

50.75

Exall Energy Corporation

1,717.00

32.00

134.00

37.00

1,846.00

7.51%

49.89

Crocotta Energy Inc. Gear Energy Ltd.

Crew Energy Inc. Delphi Energy Corp.

21.91%

1,157.00

8.54%

33.06

Vermilion Energy Inc.

128.95

105.26

102,467,000

99,294,000

1.258

1.060

18.71%

528.00

16.00

38.00

-11.00

19.00

552.00

4.55%

29.05

Whitecap Resources Inc.

94.58

60.89

151,914,000

115,484,000

0.623

0.527

18.08%

9.99

6.60

33,568,017

25,815,366

0.298

0.256

16.39%

Devon Canada Corporation

49.00

-30.00

410.00

7.00

422.00

761.22%

60.29

Tamarack Valley Ltd.

Husky Energy Inc.

310.90

24.20

39.50

0.80

1.20

17.40

359.20

358.00

15.54%

20.64

RMP Energy Inc.

19.76

14.86

115,244,968

99,520,088

0.171

0.149

14.84%

Connacher Oil and Gas Limited

214.01

1.79

0.59

4.33

212.06

-0.91%

48.96

Storm Resources Ltd.

20.76

13.82

73,391,000

56,067,000

0.283

0.247

14.76%

6.83

5.80

40,145,717

39,031,917

0.170

0.149

14.48%

NuVista Energy Ltd.

80.46

59.15

120,430,000

101,148,000

0.668

0.585

14.23%

Birchcliff Energy Ltd.

220.03

185.94

145,006,118

139,904,484

1.517

1.329

14.17%

Shell Canada Limited

195.00

-7.00

188.00

-3.59%

112.27

2.05

0.29

114.03

1.57%

397.31

Harvest Operations Corp.

94.10

1.90

96.00

2.02%

Pengrowth Energy Corporation

12.79

0.32

69.29

0.67

81.73

539.04%

121.26

Sunshine Oilsands Ltd.

78.00

1.00

79.00

1.28%

Athabasca Oil Corporation

51.40

-0.30

51.10

-0.58%

Baytex Energy Corp.

19.48

0.06

0.56

0.13

0.90

19.32

-0.80%

21.40

1.64

0.53

0.09

2.08

26.75%

24.19

0.26

BP Canada Energy Company Southern Pacific Resource Corp.

x 2

Coalbed Methane Player s

13.18

Sterling Resources Ltd.

132.56

48.61

136.92

41.83

0.14

1,014.21

44.18

31.08

45.93

47.01

10.41

4.41

Encana Corporation Pengrowth Energy Corporation Vermilion Energy Inc. Questfire Energy Corp. Crew Energy Inc. Sinopec Daylight Energy Ltd. Terra Energy Corp. Lightstream Resources Ltd. Arsenal Energy Inc. Sonde Resources Corp. Yoho Resources Inc.

junewarren-nickles.com

0.206

35.00

11.00

2.43

50,565,982

83.00

0.72

55,542,490

145.00

2.32

6.49

2.00

62.00

1.76

11.46

151.00

0.47

80.44%

Marquee Energy Ltd.

51.00

Canadian Natural Resources Limited

1.60

0.013

73.00

Company

Sherritt International Corporation

0.024

1,066.00

10.85

1.33

232,774,000

Canadian Natural Resources Limited

14.17

12.22

237,210,000

0.454

86.57

3.00

3.12

0.554

153.71

0.46

5.76

23,160,504

68.38

3.00

93.34%

Questerre Energy Corporation

54,900,265

129.94

2.09

0.095

10.53

Vermilion Energy Inc.

4.00

0.184

30.42

5.67

121,094,000

TORC Oil & Gas Ltd.

4.00

170,236,000

31.96

406.70

2.12

11.54

112.16

452.00

5.00

31.38

7.92%

283.90

5.81

111.88%

Raging River Exploration Inc.

12.61%

434.30

Suncor Energy Inc.

0.506

1,445.90

Husky Energy Inc.

Chinook Energy Inc.

1.072

1,758.00

10.34

109,125,094

1,445.90

53.66

4.67

115,768,436

1,758.00

252.63

55.22

12.89

554.78

2.01

155.23%

124.11

Bellatrix Exploration Ltd.

55.00

161.69

21.78

291.43%

0.031

205.90

17.20

0.054

0.080

8.06

9.37

0.212

79,247,000

27.76

11.51

295,765,808

179,707,000

21.12

16.86

300,424,808

2.49

129.90

20.72

15.89

5.71

Per Cent Change

Reserve Life Index

10.52

2012 BOE/Share

210.63

2013 BOE/Share

172.81

586.24

Stream Oil & Gas Ltd.

2012 Shares

150.00

BlackPearl Resources Inc.

Valeura Energy Inc.

2013 Shares

2.00

1,046.70

Serinus Energy Inc.

2012 MMBOE

34.00

1,283.98

207.18

Niko Resources Ltd.

1,629.00

546.33

69.00 181.59 547.00 44.23 84.01 145.04 109.00 32.20 26.13 101.21 126.80 2.79 39.80 110.00 4.83 6.93 38.70 165.00 3.58 19.24

MEG Energy Corp.

1,196.40

Talisman Energy Inc. Pacific Rubiales Energy Corp.

748.00 691.88 514.00 102.15 74.94 58.55 46.00 33.08 22.17 19.22 19.10 19.09 17.60 14.60 11.91 11.45 9.40 8.00 6.46 5.84

14.43

102.00

2013 Proved

IN 2013 (BILLIONS OF CUBIC FEET) 2012 Proved

Suncor Energy Inc. Apache Canada Ltd. Encana Corporation Advantage Oil & Gas Ltd. Pengrowth Energy Corporation Tourmaline Oil Corp. Penn West Petroleum Ltd. Perpetual Energy Inc. NuVista Energy Ltd. Bonavista Energy Corporation ARC Resources Ltd. Sonde Resources Corp. Harvest Operations Corp. Talisman Energy Inc. Anderson Energy Ltd. Terra Energy Corp. Paramount Resources Ltd. Devon Canada Corporation Yoho Resources Inc. Cequence Energy Ltd.

Production

Suncor Energy Inc.

Petrobank Energy and Resources Ltd.

Company

16.68 32.00 8.91 167.00 7.44 12.40 63.00 1.92 9.80 0.47 1.95 2.01 13.62 13.49 1.58 9.89 3.10 0.38 1.39 3.10

Dispositions

63.83

-102.00

Production

33.76 19.00 16.93 16.00 7.21 6.00 5.00 3.92 3.20 2.51 2.41 2.29 2.17 2.11 1.74 1.55 1.40 1.29 1.29 1.20

Company

Pine Cliff Energy Ltd.

1,900.00

Dispositions

Production

BlackPearl Resources Inc.

4,021.00

Acquisitions

Per Cent Change -3.73%

2013 MMBOE

Net Of Purchase 3,871.00

Revisions

Economic Factors 3.00

Company

Drilling Additions 35.00

2012 Proved

Improved Recovery --

Pengrowth Energy Corporation Penn West Petroleum Ltd. Apache Canada Ltd. Suncor Energy Inc. Enerplus Corporation Harvest Operations Corp. Cenovus Energy Inc. Advantage Oil & Gas Ltd. Encana Corporation Anderson Energy Ltd. NuVista Energy Ltd. Birchcliff Energy Ltd. ARC Resources Ltd. Lightstream Resources Ltd. Zargon Oil & Gas Ltd. Bonavista Energy Corporation Tourmaline Oil Corp. Santonia Energy Inc. Perpetual Energy Inc. Surge Energy Inc.

Dispositions

TOP 25 COMPANIES RANKED BY RESERVES PER SHARE GROWTH IN 2013 (WEIGHTED AVERAGE & FULLY DILUTED)

Production

-5.00

Company

Fastest Grower s

2,255.00 x

60.00 412.00 6.89 6.20 33.56 145.04 9.87 101.21 17.01 53.08 13.79 8.01 30.73 1.81 25.98 0.12 2.02 2.98 2.43 4.60

Dispositions

Canadian Natural Resources Limited Total S.A.

278.00 141.00 138.17 97.39 89.09 84.91 82.50 62.74 58.84 40.88 34.03 22.12 14.79 14.28 12.74 10.51 8.91 8.57 6.94 6.14

-7.00

Production

Acquisitions

1,958.00

Economic Factors --

Acquisitions

Net Of Purchase 2,707.00

Revisions

Drilling Additions 845.00

Suncor Energy Inc. Shell Canada Limited

COMPANIES WITH PROVED COALBED METHANE RESERVES AT END OF 2013 (BILLIONS OF CUBIC FEET) 2012 Proved

R/P Ratio

46.82

ConocoPhillips Canada Limited

TOP 25 JUNIORS WITH PROVED NATURAL GAS RESERVES AT END OF 2013 (BILLIONS OF CUBIC FEET)

Reserve Life Index 45.01 31.01 46.78 39.15 50.75 49.89 112.16 217.60 20.42 45.33 29.05 33.56 20.64 48.96 24.89 -121.26 21.40

Company

Crocotta Energy Inc.

Totals

SENIORS WITH PROVED OILSANDS RESERVES AT END OF 2013 (MILLIONS OF BARRELS) Company

Revisions

120.42

BP Canada Energy Company Southern Pacific Resource Corp.

TOP 25 SENIORS WITH PROVED NATURAL GAS RESERVES AT END OF 2013 (BILLIONS OF CUBIC FEET) Company

2012 Proved

Legend

2013 CANADIAN OIL & GAS RESERVES CHART - JULY 2014

OIL

1,462.00 46.36 22.04 -4.55 0.62 0.50 0.51 0.02 2.06 0.05

Revisions -428.00 0.31 3.27 --0.05 1.78 -0.04 0.11 ----

Drilling Additions 10.00 -----------

Improved Recovery ------------

Economic Factors -76.00 -0.26 ----0.84 -0.01 -0.53 --0.03 --

Acquisitions

Dispositions

Production

2013 Proved

---14.22 --------

---------1.99 0.05

127.00 2.70 1.40 0.96 0.11 0.12 0.06 0.02 0.01 0.04 --

841.00 43.72 23.90 13.26 4.39 1.44 0.39 0.06 0.01 ---

2013 Probable 156.00 12.15 10.13 7.07 5.85 1.28 0.12 0.60 0.01 ---

R/P Ratio -3.89 0.02 2.33 --0.43 7.92 -0.70 -22.26 0.30 -0.79 --

Rock Energy Inc.

TOP 20 JUNIORS GROSS PROVED RESERVES TWO-YEAR GROWTH

TOP 20 COMPANIES PROVED RESERVES TWO-YEAR GROWTH

BARRELS OF OIL EQUIVALENT (IN MILLIONS)

Company Painted Pony Petroleum Ltd. Athabasca Oil Corporation Questfire Energy Corp. DeeThree Exploration Ltd. Storm Resources Ltd. Pine Cliff Energy Ltd. Crocotta Energy Inc. Delphi Energy Corp. Artek Exploration Ltd. Marquee Energy Ltd. RMP Energy Inc. Manitok Energy Inc. Questerre Energy Corporation Yangarra Resources Ltd. Strategic Oil & Gas Ltd. Arcan Resources Ltd. Southern Pacific Resource Corp. LGX Oil + Gas Inc. Pinecrest Energy Inc. Hyperion Exploration Corp.

2013 Proved 59.88 65.12 18.97 26.28 20.76 14.43 28.57 36.09 21.39 11.46 19.76 9.46 5.76 8.88 6.70 24.96 123.00 2.77 6.82 4.69

2011 Proved 31.38 41.00 0.06 7.40 3.71 0.19 17.48 25.01 12.85 5.08 14.40 4.54 1.71 4.84 3.20 21.58 120.78 1.16 5.32 3.25

Growth From 2011 28.49 24.12 18.91 18.89 17.05 14.23 11.09 11.08 8.54 6.38 5.36 4.92 4.05 4.04 3.49 3.38 2.22 1.61 1.50 1.44

Every precaution has been taken to prevent errors or omissions and the publisher assumes no responsibility for damages caused by any errors or omissions.

Company MEG Energy Corp. ConocoPhillips Canada Limited Cenovus Energy Inc. Canadian Natural Resources Limited Shell Canada Limited Imperial Oil Limited Tourmaline Oil Corp. Total S.A. Crescent Point Energy Corp. Bellatrix Exploration Ltd. Peyto Exploration & Development Corp. Pengrowth Energy Corporation Whitecap Resources Inc. Birchcliff Energy Ltd. Marathon Oil Corporation Paramount Resources Ltd. BlackPearl Resources Inc. Sinopec Daylight Energy Ltd. Crew Energy Inc. Connacher Oil and Gas Limited

2013 Proved

2011 Proved

1,445.90 2,421.00 2,284.17 4,790.33 2,432.00 4,027.33 316.31 1,088.00 370.14 124.11 304.44 306.45 94.58 220.03 680.00 87.67 63.83 133.47 115.23 212.06

708.16 1,872.17 1,945.50 4,464.00 2,110.83 3,751.50 148.85 984.00 276.97 41.76 225.30 234.27 25.63 156.16 623.00 32.78 15.28 88.35 75.63 176.99

Growth From 2011 737.74 548.83 338.67 326.33 321.17 275.83 167.46 104.00 93.17 82.35 79.13 72.18 68.95 63.87 57.00 54.89 48.55 45.12 39.60 35.07