JUDICIAL CENTRE OP CALGARY...JUDICIAL CENTRE CALGARY OP CALGARY PLAINTIFF DUGAN PRODUCTION CORP....

RECEIVER'S CERTIFICATE

FILED COURT FILE NUMBER 1701-00920 JAN 1 2 2018 COURT COURT OF QUEEN'S BENCH OF ALBERTA

JUDICIAL CENTRE JUDICIAL CENTRE CALGARY OP CALGARY

PLAINTIFF DUGAN PRODUCTION CORP.

DEFENDANT GLENCOE RESOURCES LTD.

DOCUMENT RECEIVER'S CERTIFICATE

ADDRESS FOR Field Law LLP 400, 444 - 7 Avenue SW

Burnet, Duckworth & Palmer LLP 2400, 525 - 8 Avenue SW

SERVICE AND Calgary, Alberta T2P 0X8 Calgary, Alberta T2P 1G1 CONTACT Lawyer: Trevor Batty Lawyer: Natasha Wood INFORMATION OF Phone Number: (403) 260-8537 Phone Number: (403) 260-0159 PARTIES FILING THIS Fax Number: (403) 264-7084 Fax Number: (403) 260-0332 DOCUMENT Email: [email protected] Email: [email protected]

File No. 57448-9 File No. 63936-8

RECITALS

A. Pursuant to an Order of the Honourable Justice D.B. Nixon of the Court of Queen's Bench of

Alberta, Judicial District of Calgary (the "Court") dated January 23, 2017, Hardie & Kelly Inc.

was appointed as the receiver (the "Receiver") of the undertaking, property and assets of Glencoe

Resources Ltd. (the "Debtor").

B. Pursuant to an Order of the Court dated November 8, 2017, the Court approved the agreement of

purchase and sale made as of October 31, 2017 as amended from time to time (the "Sale

Agreement") between the Receiver and Lynx Energy ULC (the "Purchaser") and provided for the

vesting in the Purchaser of the Debtor's right, title and interest in and to the assets attached to this

Receiver's Certificate as Schedule "A" (the "Purchased Assets"), which vesting is to be effective

with respect to the Purchased Assets upon the delivery by the Receiver to the Purchaser of a

certificate confirming (i) the payment by the Purchaser of the Purchase Price for the Purchased

Assets; (ii) that the conditions to Closing as set out in Article 3 of the Sale Agreement have been

satisfied or waived by the Receiver and the Purchaser; and (iii) the Transaction has been completed

to the satisfaction of the Receiver.

24611779.2

C. Unless otherwise indicated herein, terms with initial capitals have the meanings set out in the Sale

Agreement.

THE RECEIVER CERTIFIES the following:

1. The Purchaser (or its nominee) has paid and the Receiver has received the Purchase Price for

the Purchased Assets payable on the Closing Date pursuant to the Sale Agreement;

2. The conditions to Closing as set out in Article 3 of the Sale Agreement have been satisfied or

waived by the Receiver and the Purchaser (or its nominee); and

3. The Transaction has been completed to the satisfaction of the Receiver.

4. This Certificate was delivered by the Receiver at CC i'an January 11, 2018.

HARDIE & KELLY INC. solely in its capacity as the receiver of GLENCOE RESOURCES LTD., and not in its personal or corporate capacity

Name: Char a Smith Title: Vice President

24611779.2

SCHEDULE "A"

Attached to and made part of the Receiver's Certificate dated January 11, 2018 certified by HARDIE & KELLY INC. solely in its capacity as receiver of GLENCOE RESOURCES LTD. and not in its personal or corporate capacity (Court File No. 1701-00920)

See attached Glencoe Resources Ltd. Mineral Schedule "A" Report — Lynx — FINAL

generated on January 9, 2018 at 1:00pm (68 pages).

24611779.2

M-048-0412 A LSE TYPE: CR PNG TWP 41 RGE 24 W4M SW SEC 15

CR: 0499060266 PET TO BASE BELLY RIVER

LSE DATE: 1999 Jun 17

EFF DATE: 1999 Jun 17

EXP DATE: 2004 Jun 16

MNRL INT: 100.0

EXT CODE: 15

M-048-0412 B LSE TYPE: CR PNG

CR: 0499060266




MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE 24 W4M SW SEC 15

NG TO BASE BELLY RIVER EXCL

NG IN EDMONTON & BELLY RIVER

Report Date: Jan 09, 2018 1:00 pm

Glencoe Resources Ltd. Page 1 of 68

Mineral Schedule "A" Report - Lynx - FINAL Report Id: RP-0053

File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

M-048-0292 A LSE TYPE: CR PNG

CR: 0476110098

LSE DATE: 1976 Nov 24

EFF DATE: 1976 Nov 24

EXP DATE: 1981 Nov 23

MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE 23 W4M SEC 28

PNG TO BASE BELLY RIVER

ROYALTY INT

SLIDING SCALE

OIL S/S 1/150

(MIN 5.0 MAX 15.0)

GAS 6.0%

OTHER 6%

BASED ON 100.0%

PDTO GLENCOE 29.997%

CUR INT OPER CONT

C-048-0241 A

CAPL 1974

No ROFR Applies

OPER: EMBER RES

RENT INT OPER CONT

C-048-0241 A

CAPL 1974

No ROFR Applies

OPER: EMBER RES

ROYALTY LINKS

C-048-0241 A

CAPL 1974

No ROFR Applies

CUR INT: WI

GLENCOE 58.5%

CUR INT: POOL

GLENCOE 82.125%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 58.5%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 58.5%

CUR INT OPER CONT

C-048-0303 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

CS*EXPLORER Version 9.10.04

PLEeffIT

M-048-0467 A LSE TYPE: FH PNG




MNRL INT: 5.0

EXT CODE: HBP

M-048-0467 B LSE TYPE: FH PNG




MNRL INT: 5.0

EXT CODE: HBP

TWP 41 RGE 24 W4M NW SEC 15

(UNDIVIDED 1/20 INTEREST)

PETROLEUM TO BASE BELLY RIVER



NG TO TOP BELLY RIVER EXCL NG

IN EDMONTON




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

OPER: GLENCOE

M-048-0467 C LSE TYPE: FH PNG TWP 41 RGE 24 W4M NW SEC 15

LSE DATE: 2004 Nov 17 (UNDIVIDED 1/20 INTEREST)

CUR INT: POOL

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0403 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

M-048-0412 D LSE TYPE: CR PNG

CR: 0499060266




MNRL INT: 100.0

EXT CODE: 15



LSPLORER: Software Soh, lions Lid. CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EFF DATE: 2004 Nov 17 NG IN EDMONTON & BELLY RIVER


MNRL INT: 5.0

EXT CODE: HBP


LSE DATE: 2004 Jul 07

EFF DATE: 2004 Jul 07

EXP DATE: 2006 Jul 06

MNRL INT: 5:0

EXT CODE: HBP





MNRL INT: 5.0

EXT CODE: HBP

M-048-0468 C LSE TYPE: FH PNG




MNRL INT: 5.0

EXT CODE: HBP







IN EDMONTON




CUR INT: WI

GLENCOE 90.0%

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0403 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CS*EXPLORER Version 9.10.04 XPLORER"

Report Date: Jan 09; 2018 1:00 pm



File

Title

Lands

Sellers

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE


LSE DATE: 2004 May 29

EFF DATE: 2004 May 29

EXP DATE: 2006 May 28

MNRL INT: 5.0

EXT CODE: HBP



ALL PETROLEUM TO BASE BELLY

RIVER

CUR INT: WI

GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0403 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


LSE DATE: 2004 May

EFF DATE: 2004 May

EXP DATE: 2006 May

MNRL INT: 5.0

EXT CODE: HBP


LSE DATE: 2004 May

EFF DATE: 2004 May

EXP DATE: 2006 May

MNRL INT: 5.0

EXT CODE: HBP


29 (UNDIVIDED 1/20 INTEREST)

29 NG TO TOP BELLY RIVER EXCL NG

28 IN EDMONTON



29 NG IN EDMONTON & BELLY RIVER

28

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies


FPI-OPT

M -048-0470 A LSE TYPE: FH PNG

LSE DATE: 2004 Jun

EFF DATE: 2004 Jun

EXP DATE: 2006 Jun

MNRL INT: 25.0

EXT CODE: HBP

30

30

29






LSE DATE: 2004 Jun 30 (UNDIVIDED 1/4 INTEREST)

EFF DATE: 2004 Jun 30 NG TO TOP BELLY RIVER EXCL NG

EXP DATE: 2006 Jun 29 IN EDMONTON

MNRL INT: 25.0

EXT CODE: HBP





MNRL INT: 25.0

EXT CODE: HBP







File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

OPER: GLENCOE

M-048-0471 A LSE TYPE: FH PNG TWP 41 RGE 24 W4M NW SEC 15

LSE DATE: 2004 Apr 12 (UNDIVIDED 1/20 INTEREST)

CUR INT: WI

GLENCOE 90.0%

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

CUR INT OPER CONT

C-048-0403 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0403 A


ESPLefff:

EFF DATE: 2004 Apr 12

EXP DATE: 2006 Apr 11

MNRL INT: 5.0

EXT CODE: HBP


LSE DATE: 2004 Apr 12



MNRL INT: 5.0

EXT CODE: HBP





IN EDMONTON


Page 6 of 68

Report Id: RP-0053

Glencoe Resources Ltd. Mineral Schedule "A" Report - Lynx - FINAL

File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

M-048-0472 A LSE TYPE: FH PNG TWP 41 RGE 24 W4M NW SEC 15

LSE DATE: 2004 May 17 (UNDIVIDED 1/4 INTEREST)

EFF DATE: 2004 May 17 PETROLEUM TO BASE BELLY RIVER


MNRL INT: 25.0

EXT CODE: HBP

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR, INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0403 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE





MNRL INT: 5.0

EXT CODE: HBP




rosagiitT CS*EXPLORER Version 9.10.04





MNRL INT: 25.0

EXT CODE: HBP





MNRL INT: 25.0

EXT CODE: HBP




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract




IN EDMONTON




CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE





MNRL INT: 25.0

EXT CODE: HBP




CUR INT: WI

GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0403 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


LSE DATE: 2004 May

EFF DATE: 2004 May

EXP DATE: 2006 May

MNRL INT: 25.0

EXT CODE: HBP




03 IN EDMONTON

CUR INT: POOL

GLENCOE 82.125%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A





File

Title

Lands

Sellers

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: POOL

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%





MNRL INT: 25.0

EXT CODE: HBP





MNRL INT: 5.0

EXT CODE: HBP







NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0403 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%


LSE DATE: 2004 Apr

EFF DATE: 2004 Apr

EXP DATE: 2006 Apr

MNRL INT: 5.0

EXT CODE: HBP


LSE DATE: 2004 Apr

EFF DATE: 2004 Apr

EXP DATE: 2006 Apr

MNRL INT: 5.0



13 NG TO BASE BELLY RIVER EXCL





12

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CS*EXPLORER Version 9.10.04 XPLCLRELT




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE


LSE DATE: 2004 Mar 25

EFF DATE: 2004 Mar 25

EXP DATE: 2006 Mar 24

MNRL INT: 8.333

EXT CODE: HBP





MNRL INT: 8.333

EXT CODE: HBP





MNRL INT: 8.333

EXT CODE: HBP

TWP 41 RGE 24 W4M (PTN) NE

SEC 15

(64.7 HA EXCL 32.8 HECTARES)


PNG TO TOP BELLY RIVER EXCL

NG IN THE EDMONTON


SEC 15




IN EDMONTON

TWP 41 ROE 24 W4M (PTN) NE

SEC 15




CUR INT OPER CONT

C-048-0403 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

CUR INT: WI

NONCONV LOR

GLENCOE 90.0%

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT: POOL

NONCONV LOR

GLENCOE 82.125%

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT: POOL

NONCONV LOR

GLENCOE 90.0%

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CS"EXPLORER Version 9.10.04 XPLORER" Sotuflons Ltd.




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

No ROFR Applies

OPER: GLENCOE

M-048 -0476 A LSE TYPE: FH PNG




MNRL INT: 8.333

EXT CODE: HBP





MNRL INT: 8.333

EXT CODE: HBP





MNRL INT: 8.333

EXT CODE: HBP



SEC 15





SEC 15




IN EDMONTON


SEC 15





CUR INT: WI

GLENCOE 90.0%

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

CUR INT: WI

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

CUR INT OPER CONT

C-048-0403 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies .

OPER: GLENCOE

CUR INT OPER CONT


ESPL-FiffiT




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

GLENCOE 90.0%

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

LSE DATE: 2004 Mar

EFF DATE: 2004 Mar

EXP DATE: 2006 Mar

MNRL INT: 25.0

EXT CODE: HBP


LSE DATE: 2004 Mar

EFF DATE: 2004 Mar

EXP DATE: 2006 Mar

MNRL INT: 25.0

EXT CODE: HBP


LSE DATE: 2004 Mar

EFF DATE: 2004 Mar

EXP DATE: 2006 Mar

MNRL INT: 25.0

EXT CODE: HBP


LSE DATE: 2004 Mar

EFF DATE: 2004 Mar

EXP DATE: 2006 Mar

MNRL INT: 25.0

25 SEC 15

25 (64.7 HA EXCL 32.8 HECTARES)


PETROLEUM TO BELLY RIVER


25 SEC 15




IN EDMONTON


25 SEC 15





25 SEC 15




ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

C-048-0403 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0403 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CS*EXPLORER Version 9.10.04 ESPLORER:




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EXT CODE: HBP





MNRL INT: 25.0

EXT CODE: HBP


SEC 15




IN EDMONTON

CUR INT: POOL

GLENCOE 82.125%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: POOL

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%


LSE DATE: 2004 Mar

EFF DATE: 2004 Mar

EXP DATE: 2006 Mar

MNRL INT: 25.0

EXT CODE: HBP


LSE DATE: 2004 Mar

EFF DATE: 2004 Mar

EXP DATE: 2006 Mar

MNRL INT: 25.0

EXT CODE: HBP


25 SEC 15





24 SEC 15

24 (64.7 HA EXCL. 32.8 HA)



NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0403 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

M-048-0479 B LSE TYPE: FH PNG TWP 41 RGE 24 W4M (PTN) NE

CUR INT: POOL

NONCONV LOR

CUR INT OPER CONT

LSE DATE: 2004 Mar 24 SEC 15

GLENCOE 82.125%

ALL 16.0%

C-048-0275 A


Elm-'2,50 `

CUR INT: POOL

GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: WI

GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0403 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract



MNRL INT: 25.0

EXT CODE: HBP

(64.7 HA EXCL. 32.8 HA)



IN EDMONTON

BASED ON 100.0%

PDBY GLENCOE 90.0%

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


LSE DATE: 2004 Mar

EFF DATE: 2004 Mar

EXP DATE: 2006 Mar

MNRL INT: 25.0

EXT CODE: HBP


LSE DATE: 2004 Nov

EFF DATE: 2004 Nov

EXP DATE: 2007 Nov

MNRL INT: 8.334

EXT CODE: HBP


LSE DATE: 2004 Nov

EFF DATE: 2004 Nov

EXP DATE: 2007 Nov

MNRL INT: 8.334

EXT CODE: HBP


24 SEC 15

24 (64.7 HA EXCL. 32.8 HA)




06 SEC 15

06 (64.7 HA EXCEPT 32.8

05 HECTARES)


PET TO BASE BELLY RIVER


06 SEC 15

06 (64.7 HA EXCEPT 32.8

05 HECTARES)



CUR INT: POOL

GLENCOE 82.125%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ESPI * ;;251g CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

IN EDMONTON RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE





MNRL INT: 8.334

EXT CODE: HBP





MNRL INT: 100.0

EXT CODE: HBP


SEC 15

(64.7 HA EXCEPT 32.8

HECTARES)




SEC 15


PET TO BASE BELLY RIVER


SEC 15



IN EDMONTON

CUR INT: POOL

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: POOL

GLENCOE 82.125%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0403 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies





MNRL INT: 100.0

EXT CODE: HBP

CS*EXPLORER Version 9.10.04 EF1.-25„f,q.


Page 15 of 68 Glencoe Resources Ltd.


File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

OPER: GLENCOE

CUR INT: POOL

GLENCOE 90.0%

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%


LSE DATE: 2004 May

EFF DATE: 2004 May

EXP DATE: 2007 May

MNRL INT: 100.0

EXT CODE: HBP

M-048-0482 B LSE TYPE: FH NG

LSE DATE: 2004 Sep

EFF DATE: 2004 Sep

EXP DATE: 2007 Sep

MNRL INT: 50.0

EXT CODE: HBP

M-048-0482 C LSE TYPE: FH NG

LSE DATE: 2004 Sep

EFF DATE: 2004 Sep

EXP DATE: 2007 Sep

MNRL INT: 50.0

EXT CODE: HBP


25 SEC 15



TWP 41 RGE 24 W4M SE SEC 15



23 IN EDMONTON




23

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 20.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 20.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

)1121-9,2#13' CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

No ROFR Applies

OPER: GLENCOE

CUR INT: POOL

GLENCOE 82.125%

CUR INT: POOL

GLENCOE 90.0%

CUR INT: POOL

GLENCOE 82.125%





MNRL INT: 25.0

EXT CODE: HBP





MNRL INT: 25.0

EXT CODE: HBP





MNRL INT: 25.0

EXT CODE: HBP




IN EDMONTON







IN EDMONTON

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 A





File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

CAPL 1990

No ROFR Applies

OPER: GLENCOE





MNRL INT: 25.0

EXT CODE: HBP

M-048-0698 A LSE TYPE: FH NG

LSE DATE: 2013 Jan 01

EFF DATE: 2013 Jan 01

EXP DATE: 2017 Dec 31

MNRL INT: 100.0





SEC 15

(0.809 HA ONLY)


CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: POOL

NONCONV LOR

GLENCOE 90.0%

ALL 16.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT: POOL

NONCONV LOR

GLENCOE 90.0%

PDBY GLENCOE 90.0%

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE





MNRL INT: 100.0


SEC 15

(0.809 HA ONLY)

NG TO BASE BELLY RIVER EXCL


CUR INT: POOL

GLENCOE 82.125%

NONCONV LOR

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

CS"EXPLORER Version 9.10.04 EIPLORER "




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: WI

GLENCOE 6.75%

CUR INT: WI

GLENCOE 6.75%

CUR INT: WI

GLENCOE 6.75%

TWP 41 RGE 24 W4M E & NW SEC CUR INT: WI

16 GLENCOE 11.25%

(EXCL PRODUCTION FROM THE

4-16 WELL)

PNG TO BASE EDMONTON


CR: 28242A

LSE DATE: 1996 Aug 02



MNRL INT: 100.0

EXT CODE: 15

M-048-0293 C LSE TYPE: CR PNG

CR: 28242A




MNRL INT: 100.0

EXT CODE: 15

M-048-0293 Cl LSE TYPE: CR PNG

CR: 28242A




MNRL INT: 100.0

EXT CODE: 15


CR: 28242A




MNRL INT: 100.0


(PRODUCTION ONLY FROM THE

4-16 WELL)




4-16 WELL)

PNG TO BASE EDMONTON



4-16 WELL)

PNG BELOW BASE EDMONTON TO

BASE BELLY RIVER

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 6.75%

SLIDING SCALE

ALL S/S

OTHER CSS°A,

BASED ON 100.0%

PDBY GLENCOE 6.75%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 11.25%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 6.75%

CUR INT OPER CONT

C-048-0290 C

CAPL 1990

No ROFR Applies

OPER: RALLY CANA

CUR INT OPER CONT

C-048-0290 A

CAPL 1990

No ROFR Applies

OPER: RALLY CANA

CUR INT OPER CONT

C-048-0290 AA

CAPL 1990

No ROFR Applies

OPER: RALLY CANA

CUR INT OPER CONT

C-048-0290 B

CAPL 1990

No ROFR Applies

OPER: RALLY CANA


Ect',LciffY


Page 19 of 68

Report Id: RP-0053


File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EXT CODE: 15

M-048-0293 E LSE TYPE: CR PNG

CR: 28242A




MNRL INT: 100.0

EXT CODE: 15


CR: 0483090177

LSE DATE: 1983 Sep 22

EFF DATE: 1983 Sep 22

EXP DATE: 1988 Sep 21

MNRL INT: 100.0

EXT CODE: 15



4-16 WELL)

NG TO BASE EDMONTON (**NG

POOLING REQUIRED**)


PNG TO BASE BASAL BELLY RIVER

CUR INT: POOL

GLENCOE 10.125%

CUR INT: POOL

GLENCOE 1.25%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 5.0%

CUR INT OPER CONT

C-048-0434 A

ROFR Unknown

OPER: GLENCOE

CUR INT OPER CONT

C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

RENT INT OPER CONT

C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE


CR: 0492010088



EXP DATE: 1997 Jan 08

MNRL INT: 100.0

EXT CODE: 15




CUR INT: POOL

GLENCOE 1.25%

CUR INT OPER CONT

C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

RENT INT OPER CONT

C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

CUR INT OPER CONT TWP 41 RGE 24 W4M SE SEC 18 CUR INT: POOL

ri-PDEIT CS*EXPLORER Version 9.10.04




File

Title

Lands

Sellers

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

GLENCOE 1.25%

CUR INT: POOL

GLENCOE 1.25%

CR: 0492010087




MNRL INT: 100.0

EXT CODE: 15


CR: 0492010089




MNRL INT: 100.0

EXT CODE: 15



EFF DATE: 1982 Aug 26

EXP DATE: 1983 Aug 25

MNRL INT: 50.0

EXT CODE: HBP





MNRL INT: 50.0


TWP 41 RGE 24 W4M NE SEC 18





PNG IN EDMONTON




PNG IN EDMONTON

C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

RENT INT OPER CONT

C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

CUR INT OPER CONT

C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

RENT INT OPER CONT

C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

REF INT OPER CONT

C-048-0276 A

CAPL 1990

ROFR Applies

OPER: TERRA ENER

REF INT OPER CONT

C-048-0276 A

CAPL 1990

ROFR Applies

CUR INT: WI

GLENCOE 100.0%

REF INT: POOL

GLENCOE 25.0%

NONCONV LOR

ALL 20.0%

BASED ON 100.0%

PDBY GLENCOE 100.0%

CUR INT: WI

GLENCOE 100.0%

REF INT: POOL

GLENCOE 25.0%

NONCONV LOR

ALL 20.0%

BASED ON 100.0%

PDBY GLENCOE 100.0%

CS"EXPLORER Version 9.10.04

EPL-2,2f5`




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EXT CODE: HBP

OPER: TERRA ENER


CR: 0479030011



EXP DATE: 1984 Feb 29

MNRL INT: 100.0

EXT CODE: 15



FORMATION

CUR INT: WI

GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

ALL 2.5%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CUR INT OPER CONT

C-048-0052 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0375 B

ROFR Unknown


CR: 28242




MNRL INT: 100.0

EXT CODE: OFFSET PAN

TWP 41 RGE 24 W4M S NW SEC 22


REF INT: APO

GLENCOE 11.25%

ROYALTY INT

SLIDING SCALE

ALL S/S 1/150

(MIN 5.0 MAX 15.0)

GAS 15.0% (MIN $0.12/MCF c

BASED ON 100.0%

PDTO GLENCOE 36.0%

CUR INT OPER CONT

C-048-0165 A

CAPL 1974

No ROFR Applies

OPER: SIGNALTA

REF INT OPER CONT

C-048-0165 A

CAPL 1974

No ROFR Applies

OPER: SIGNALTA

ROYALTY LINKS

C-048-0165 A

CAPL 1974

No ROFR Applies


CR: 41307






REF INT: APO

GLENCOE 11.25%

ROYALTY INT

SLIDING SCALE

CUR INT OPER CONT

C-048-0165 A

CAPL 1974

No ROFR Applies

OPER: SIGNALTA

CS*EXPLORER Version 9.10.04 i(P1-9,E,13`




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

MNRL INT: 100.0

EXT CODE: OFFSET PA\

ALL S/S 1/150

(MIN 5.0 MAX 15.0)

GAS 15.0% (MIN $0.12/MCF c

BASED ON 100.0%

PDTO GLENCOE 36.0%

REF INT OPER CONT

C-048-0165 A

CAPL 1974

No ROFR Applies

OPER: SIGNALTA

ROYALTY LINKS

C-048-0165 A

CAPL 1974

No ROFR Applies


CR: 0479030013




MNRL INT: 100.0

EXT CODE: 15

M-048-0012 A/ LSE TYPE: CR PNG

CR: 0483010010




MNRL INT: 100.0

EXT CODE: 15

M-048-0012 B) LSE TYPE: CR PNG

CR: 0483010010




MNRL INT: 100.0

EXT CODE: 15







CUR INT: JV EARNED

GLENCOE 50.0%

CUR INT: WI

GLENCOE 50.0%

CUR INT: WI

GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

PDBY GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS°A,

PDBY GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CUR INT OPER CONT

C-800-0001 D

CAPL 1990

ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0440 A

ROFR Unknown

OPER: GLENCOE

CUR INT OPER CONT

C-048-0440 A

ROFR Unknown

OPER: GLENCOE

CS*EXPLORER Version 9.10.04 EIPLEtElS)"




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

CUR INT: POOL

GLENCOE 25.0%

CUR INT: POOL

GLENCOE 25.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%


CR: 0483010010




MNRL INT: 100.0

EXT CODE: 15


CR: 0402080115




MNRL INT: 100.0

EXT CODE: 15





MNRL INT: 16.667





TWP 41 RGE 24 W4M W SEC 30

NG TO BASE BELLY RIVER

TWP 41 RGE 24 W4M E SEC 30





(DRR AT EXPIRY)




(DRR AT EXPIRY)

SLIDING SCALE

ALL S/S

OTHER CSS%

PDBY GLENCOE 50.0%

NONCONV LOR

ALL 18.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 18.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0298 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0298 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0298 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0298 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0415 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0415 A

CAPL 1990

No ROFR Applies


ESP1-2514r




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

MNRL INT: 16.667

OPER: GLENCOE





MNRL INT: 16.667





MNRL INT: 16.667





MNRL INT: 16.666





MNRL INT: 16.666




(DRR AT EXPIRY)




(DRR AT EXPIRY)




(DRR AT EXPIRY)




(DRR AT EXPIRY)

CUR INT OPER CONT

C-048-0415 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0415 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0415 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0415 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: WI

NONCONV LOR

GLENCOE 90.0%

ALL 18.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT: WI

NONCONV LOR

GLENCOE 90.0%

ALL 18.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT: WI

NONCONV LOR

GLENCOE 90.0%

ALL 18.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT: WI

NONCONV LOR

GLENCOE 90.0%

ALL 18.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

M-048-0362 B LSE TYPE: CR PNG TWP 41 RGE 25 W4M S SEC 2

CR: 21721 PNG TO BASE BELLY RIVER




MNRL INT: 100.0

EXT CODE: 15

CUR INT: JV EARNED

GLENCOE 45.0%

NONCONV GOR

ALL 5.0%

BASED ON 50.0%

PDBY GLENCOE 45.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

CUR INT OPER CONT

C-800-0001 C

CAPL 1990

ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0260 B

ROFR Unknown


EIPLORER"




File

Title

Lands

Seller's

Encumbrandes

Operating

Wells

Number

Information

Interests

Contract

PDBY GLENCOE 45.0%

CUR INT: JV EARNED

GLENCOE 45.0%

CUR INT: POOL

GLENCOE 22.93%

CUR INT: PRODUCTION

GLENCOE 13.7565%

TWP 41 RGE 25 W4M SW SEC 4 CUR INT: WI

PETROLEUM TO BASE BELLY RIVER GLENCOE 18.33984%


CR: 21722




MNRL INT: 100.0

EXT CODE: 15


CR: 38614




MNRL INT: 100.0

EXT CODE: 15

M-048-0109 A/ LSE TYPE: CR PNG

CR: 38614




MNRL INT: 100.0

EXT CODE: 15

M-048-0109 AE LSE TYPE: CR PNG

CR: 38614 •



TWP 41 RGE 25 W4M N SEC 2




3-4 WELL)

NG TO BASE EDMONTON



3-4 WELL)


SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 45.0%

NONCONV GOR

ALL 5.0%

BASED ON 50.0%

PDBY GLENCOE 45.0%

SLIDING SCALE

ALL S/S

OTHER CSS% '

BASED ON 100.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 18.33984%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

CUR INT OPER CONT

C-800-0001 C •

CAPL 1990

ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0260 B

ROFR Unknown

CUR INT OPER CONT

C-048-0124 CH

CAPL 1974

No ROFR Applies

CUR INT OPER CONT

C-048-0435 A

ROFR Unknown

OPER: GLENCOE

RENT INT OPER CONT

C-048-0435 A

ROFR Unknown

OPER: GLENCOE

CUR INT OPER CONT

C-048-0289 A

CAPL 1990

No ROFR Applies

PDBY GLENCOE 18.33984% OPER: GLENCOE

CS*EXPLORER Version 9.10.04 XPLOREIT S Solutions Lid.




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

CUR INT: POOL

GLENCOE 13.7565%

CUR INT: PRODUCTION

GLENCOE 13.7565%

M-048-0109 C LSE TYPE: CR PNG TWP 41 RGE 25 W4M E SEC 4 CUR INT: WI

CR: 38614 PETROLEUM BELOW BASE EDMONTC GLENCOE 18.33984%

LSE DATE: 1975 Apr 15 TO BASE BELLY RIVER


MNRL INT: 100.0

EXT CODE: 15


CR: 38614




MNRL INT: 100.0

EXT CODE: 15

M-048-0109 Bi LSE TYPE: CR PNG

CR: 38614




MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE 25 W4M S NE SEC 4

NG BELOW BASE EDMONTON TO

BASE BELLY RIVER

(EXCLUDING PRODUCTION FROM

THE 3-4 WELL)

TWP 41 RGE 25 W4M S NE SEC 4



3-4 WELL)

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

CUR INT OPER CONT

C-048-0289 B

CAPL 1990

No ROFR Applies

RENT INT OPER CONT

C-048-0289 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0289 A

CAPL 1990

No ROFR Applies

RENT INT OPER CONT

C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0124 CG

CAPL 1974


RENT INT OPER CONT

C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE



icm-f1R.P3* CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract


BASED ON 100.0% No ROFR Applies



MNRL INT: 100.0

EXT CODE: 15

CUR INT: POOL

GLENCOE 22.93%

CUR INT: POOL

GLENCOE 13.7565%

M-048-0109 Cl LSE TYPE: CR PNG

CR: 38614




MNRL INT: 100.0

EXT CODE: 15

M-048-0109 CE LSE TYPE: CR PNG

CR: 38614




MNRL INT: 100.0

EXT CODE: 15


CR: 21724




MNRL INT: 100.0

EXT CODE: 15


(EXCL PRODUCTION FROM 3-4

WELL)

NG TO BASE EDMONTON



BASE BELLY RIVER


THE 3-4 WELL)

SLIDING SCALE CUR INT OPER CONT

ALL S/S C-048-0435 A

OTHER CSS% ROFR Unknown

BASED ON 100.0% OPER: GLENCOE


RENT INT OPER CONT

C-048-0435 A

ROFR Unknown

OPER: GLENCOE


ALL S/S C-048-0124 CD

OTHER CSS% CAPL 1974



CUR INT OPER CONT

C-048-0289 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0289 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CUR INT: WI

PETROLEUM TO BASE EDMONTON GLENCOE 36.67968%

ILIPLORER; Software Solutions Ltd CS*EXPLORER Version 9.10.04



Mineral Schedule "A" Report - Lynx - FINAL

Report Id: RP-0053

File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

M-048-0046 D LSE TYPE: CR PNG TWP 41 RGE 25 W4M SE SEC 10

CR: 30960 NG TO BASE BELLY RIVER




MNRL INT: 100.0

EXT CODE: 15

CUR INT: POOL

GLENCOE 22.93%

CUR INT: PRODUCTION

GLENCOE 13.7565%

CUR INT: POOL

GLENCOE 40.56%

SLIDING SCALE

ALL S/S

OTHER CSS%

PDBY GLENCOE 86.0%

CUR INT OPER CONT

C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0282 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0282 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CR: 21724




MNRL INT: 100.0

EXT CODE: 15


NG TO BASE EDMONTON


THE 00/3-4 WELL)


CR: 21724




MNRL INT: 100.0

EXT CODE: 15




3-4 WELL)

)scP 2,1,3f5 CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

M-048-0046 F LSE TYPE: CR PNG

CR: 30960




MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE 25 W4M SE SEC 10 CUR INT: WI

PETROLEUM TO BASE BASAL BELLY GLENCOE 86.0%

RIVER

SLIDING SCALE

ALL S/S

OTHER CSS%

PDBY GLENCOE 86.0%


CR: 117858


EFF DATE: 1959 Dec 03


MNRL INT: 100.0

EXT CODE: 15



CUR INT: POOL

GLENCOE 40.56%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 62.5%

CUR INT OPER CONT

C-048-0282 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0282 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 FE

ROFR Unknown


CR: 117858




MNRL INT: 100.0

EXT CODE: 15



CUR INT: WI

GLENCOE 15.625%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 62.5%

CUR INT OPER CONT

C-048-0076 CB

CAPL 1974

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 Fl

ROFR Unknown


P Soffutions Ltd.'




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

M-048-0048 B LSE TYPE: CR PNG TWP 41 RGE 25 W4M NW SEC 10

CR: 117858A NG TO BASE BELLY RIVER




MNRL INT: 100.0

EXT CODE: 15

CUR INT: POOL

GLENCOE 40.56%

SLIDING SCALE

ALL S/S

OTHER CSS%


NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

CUR INT OPER CONT

C-048-0282 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0282 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 FB

ROFR Unknown

M-048-0048 F LSE TYPE: CR PNG TWP 41 RGE 25 W4M NW SEC 10

CR: 117858A PETROLEUM TO BASE BELLY RIVER




MNRL INT: 100.0

EXT CODE: 15

CUR INT: WI

GLENCOE 15.625%

CUR INT: POOL

GLENCOE 40.56%

SLIDING SCALE

ALL S/S

OTHER CSS%


NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 45.0%

NONCONV GOR

SLIDING SCALE

CUR INT OPER CONT

C-048-0076 CB

CAPL 1974

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 FB

ROFR Unknown

CUR INT OPER CONT

C-048-0282 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0282 A


CR: 0404050155




MNRL INT: 100.0

EXT CODE: 15


NG TO BASE EDMONTON

XPLORER'" Software Solutions Ltd. CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

ALL S/S

CAPL 1990

BASED ON 100.0%

No ROFR Applies

PDBY GLENCOE 45.0%

OPER: GLENCOE

ROYALTY LINKS

C-048-0293 A

ROFR Unknown


CR: 0404050155




MNRL INT: 100.0

EXT CODE: 15


CR: 0401100316

LSE DATE: 2001 Oct 18

EFF DATE: 2001 Oct 18

EXP DATE: 2006 Oct 17

MNRL INT: 100.0

EXT CODE: 15


CR: 0401100316




MNRL INT: 100.0

EXT CODE: 15


PETROLEUM TO BASE EDMONTON





BASE BELLY RIVER


THE 00/3-11; 02/8-11; &

00/13-11 WELLS)

CUR INT OPER CONT

C-048-0442 A

ROFR Unknown

OPER: GLENCOE

ROYALTY LINKS

C-048-0293 A

ROFR Unknown

CUR INT OPER CONT

C-048-0262 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0288 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

CUR INT: WI

NONCONV GOR

GLENCOE 45.0%

SLIDING SCALE

ALL S/S

BASED ON 100.0%

PDBY GLENCOE 45.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 45.0%

CUR INT: WI

SLIDING SCALE

GLENCOE 46.8%

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 46.8%

CUR INT: POOL

GLENCOE 19.6065%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

CS*EXPLORER Version 9.10.04 EF1.-2f,f!.?„*




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

C-048-0288 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: WI

GLENCOE 46.8%

CUR INT: PRODUCTION

GLENCOE 19.6065%

M-045-0057 Bi LSE TYPE: CR PNG

CR: 0401100316

LSE DATE: 2001 Oct

EFF DATE: 2001 Oct

EXP DATE: 2006 Oct

MNRL INT: 100.0

EXT CODE: 15

M -045- 0057 BE LSE TYPE: CR PNG

CR: 0401100316

LSE DATE: 2001 Oct

EFF DATE: 2001 Oct

EXP DATE: 2006 Oct

MNRL INT: 100.0

EXT CODE: 15


NG TO BASE EDMONTON

18 (EXCLUDING PRODUCTION FROM

18 THE 00/3-11; 02/8-11; &

17 00/13-11 WELLS)



18 (PRODUCTION ONLY FROM THE

18 00/3-11; 02/8-11, 00/13-11

17 WELLS)

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 46.8%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

CUR INT OPER CONT

C-048-0288 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0288 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0288 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

M-045-0057 H LSE TYPE: CR PNG

CR: 0401100316




MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE 25 W4M NE SEC 11 CUR INT: WI

PETROLEUM BELOW BASE EDMONTC GLENCOE 23.4%

TO BASE BELLY RIVER

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

CUR INT OPER CONT

C-048-0262 AB

CAPL 1990

No ROFR Applies

OPER: GLENCOE

M-048-0110 AF LSE TYPE: CR PNG

TWP 41 RGE 25 W4M SE SEC 11 CUR INT: BPO

CONV GOR

CUR INT OPER CONT

CR: 38615 PETROLEUM TO BASE BASAL BELLY GLENCOE 23.4%

ALL 2.5%

C-048-0124 DB



Page 33 of 68

Report Id: RP-0053


File Title

Number Information

Lands Seller's

Interests

Encumbrances Operating Wells

Contract

LSE DATE: 1975 Apr 15 RIVER BASED ON 50.0% CAPL 1974

EFF DATE: 1975 Apr 15 REF INT: APO PDBY GLENCOE 23.4% No ROFR Applies

EXP DATE: 1985 Apr 14 GLENCOE 18.33984% OPER: GLENCOE

MNRL INT: 100.0 SLIDING SCALE

EXT CODE: 15 ROYALTY INT ALL S/S REF INT OPER CONT

CONV GOR OTHER CSS% C-048-0124 DB

ALL 2.5% BASED ON 100.0% CAPL 1974

BASED ON 50.0% PDBY GLENCOE 23.4% No ROFR Applies

PDTO GLENCOE 3.15936% OPER: GLENCOE

ROYALTY LINKS

C-048-0124 DB

CAPL 1974

No ROFR Applies

M-048-0110 AC LSE TYPE: CR PNG TWP 41 RGE 25 W4M SE SEC 11 CUR INT: POOL SLIDING SCALE CUR INT OPER CONT

CR: 38615 NG BELOW BASE EDMONTON TO GLENCOE 19.6065% ALL S/S C-048-0288 B

LSE DATE: 1975 Apr 15 BASE BELLY RIVER OTHER CSS% CAPL 1990

EFF DATE: 1975 Apr 15 (EXCLUDING PRODUCTION FROM BASED ON 100.0% No ROFR Applies

EXP DATE: 1985 Apr 14 THE 00/3-11; 02/8-11; & 13-11 PDBY GLENCOE 19.6065% OPER: GLENCOE

MNRL INT: 100.0 WELLS)

EXT CODE: 15 RENT INT OPER CONT

C-048-0288 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

M-048-0110 Al- LSE TYPE: CR PNG 'TWP 41 RGE 25 W4M SE SEC 11 CUR INT: WI SLIDING SCALE CUR INT OPER CONT

CR: 38615 NG TO BASE EDMONTON GLENCOE 18.33984% ALL S/S C-048-0288 A

LSE DATE: 1975 Apr 15 (EXCLUDING PRODUCTION FROM OTHER CSS% CAPL 1990

EFF DATE: 1975 Apr 15 THE 00/3-11; 02/8-11; & BASED ON 100.0% No ROFR Applies

EXP DATE: 1985 Apr 14 00/13-11 WELLS) PDBY GLENCOE 18.33984% OPER: GLENCOE

MNRL INT: 100.0

EXT CODE: 15

EIPL ORE/3' CS*EXPLORER Version 9.10.04

M-048-0110 BE LSE TYPE: CR PNG

CR: 38615




MNRL INT: 100.0

EXT CODE: 15

M-048-0110 BF LSE TYPE: CR PNG

CR: 38615




MNRL INT: 100.0

EXT CODE: 15



BASE BELLY RIVER


THE 00/3-11; 02/8-11; &

00/13-11 WELLS)

TWP 41 RGE 25 W4M W SEC 11 CUR INT: WI

PETROLEUM TO BASE BASAL BELLY GLENCOE 18.33984%

RIVER

CUR INT: POOL

GLENCOE 19.6065%




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract


ALL S/S C-048-0288 C




RENT INT OPER CONT

C-048-0288 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE


ALL S/S C-048-0124 DC





ALL S/S C-048-0288 B




RENT INT OPER CONT

C-048-0288 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

M-048-0110 Al LSE TYPE: CR PNG

CR: 38615




MNRL INT: 100.0

EXT CODE: 15




00/3-11; 02/8-11; & 00/13-11

WELLS)

CUR INT: PRODUCTION

GLENCOE 19.6065%

M-048-0110 BC LSE TYPE: CR PNG TWP 41 RGE 25 W4M W SEC 11

CUR INT: WI

SLIDING SCALE

CUR INT OPER CONT

CR: 38615 NG TO BASE EDMONTON

GLENCOE 18.33984%

ALL S/S

C-048-0288 A

LSE DATE: 1975 Apr 15 (EXCLUDING PRODUCTION FROM

OTHER CSS%

CAPL 1990

CS*EXPLORER Version 9.10.04 EIP1-42,50„,




00/3-11; 02/8-11; & 00/13-11

WELLS)

CUR INT: PRODUCTION

GLENCOE 19.6065%


ALL S/S C-048-0288 C




RENT INT OPER CONT

C-048-0288 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE



102/4-12 WELL)


CUR INT: POOL-EARN

GLENCOE 15.813%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE



TO BASE BELLY RIVER

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0151 C

CAPL 1981

No ROFR Applies

OPER: ALEXANDER




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract



MNRL INT: 100.0

EXT CODE: 15

M-048-0110 BI LSE TYPE: CR PNG

CR: 38615




MNRL INT: 100.0

EXT CODE: 15


CR: 34154A




MNRL INT: 100.0

EXT CODE: 15


CR: 34154A




MNRL INT: 100.0

THE 02/8-11; 3-11; 13-11


WELLS)


EXPLORER: Softwarre &Ada's Ltd. CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EXT CODE: 15

M-048-0090 F LSE TYPE: CR PNG TWP 41 RGE 25 W4M NE SEC 12

CR: 34154A PETROLEUM TO BASE EDMONTON




MNRL INT: 100.0

EXT CODE: 15

CUR INT: WI

GLENCOE 6.31872%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0151 D

CAPL 1981

No ROFR Applies

OPER: ALEXANDER

M-048-0090 G LSE TYPE: CR PNG

CR: 34154A




MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE

(EXCLUDING

THE 102/4-12

REQUIRED**)

NG TO BASE

25 W4M NE SEC 12

PRODUCTION FROM

WELL - **POOLING

EDMONTON

CUR INT: POOL

GLENCOE 28.2996%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0437 A

ROFR Unknown

OPER: GLENCOE

RENT INT OPER CONT

C-048-0437 A

ROFR Unknown

OPER: GLENCOE


CR: 34154A




MNRL INT: 100.0

EXT CODE: 15



BASE BELLY RIVER

CUR INT: POOL-EARN

GLENCOE 15.813%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


SLIDING SCALE

ALL S/S

OTHER CSS%

CUR INT OPER CONT

C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0124 AD

CAPL 1974

M-048-0112 A LSE TYPE: CR PNG TWP 41 RGE 25 W4M SW SEC 12 CUR INT: WI

CR: 34155 PETROLEUM TO BASE BELLY RIVER GLENCOE 13.27968%


CS*EXPLORER Version 9.10.04 XPLoR,gq-




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract





MNRL INT: 100.0

EXT CODE: 15


ALL S/S C-048-0294 A




RENT INT OPER CONT

C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


ALL S/S C-048-0294 C




RENT INT OPER CONT

C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CR: 34155




MNRL INT: 100.0

EXT CODE: 15

TWP 41. RGE 25 W4M SW SEC 12

(PRODUCTION FROM 102/4-12

ONLY)


CUR INT: POOL-EARN

GLENCOE 15.813%

M-048-0112 AC LSE TYPE: CR PNG

CR: 34155




MNRL INT: 100.0

EXT CODE: 15



BASE BELLY RIVER

CUR INT: POOL-EARN

GLENCOE 15.813%


CR: 34155

LSE DATE: 1974 Mar

EFF DATE: 1974 Mar

EXP DATE: 1984 Mar

MNRL INT: 100.0



06 102/4-12 WELL - "*POOLING

06 REQUIRED**)

05 NG TO BASE EDMONTON

CUR INT: POOL

GLENCOE 28.2996%


ALL S/S C-048-0437 A

OTHER CSS% ROFR Unknown

BASED ON 100.0% OPER: GLENCOE


RENT INT OPER CONT

EPLORER" CS*EXPLORER Version 9.10.04 Software Solutions Lta,




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EXT CODE: 15

C-048-0437 A

ROFR Unknown

OPER: GLENCOE

CUR INT: WI

GLENCOE 46.8%

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%


CUR INT: POOL-EARN

GLENCOE 15.813%

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%


NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 46.8%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 46.8%

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 46.8%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 23.4%

CUR INT OPER CONT

C-048-0124 AA

CAPL 1974

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0124 AA

CAPL 1974

No ROFR Applies

C-048-0124 AA

CAPL 1974

No ROFR Applies

CUR INT OPER CONT

C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0124 Al

CAPL 1974


CR: 34155




MNRL INT: 100.0

EXT CODE: 15




CR: 34155




MNRL INT: 100.0

EXT CODE: 15



102/4-12 WELL)

NG TO BASE EDMONTON

XPLORER' Software Solireons Ltd. CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

No ROFR Applies

C-048-0124 Al

CAPL 1974

No ROFR Applies

NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 23.4%

SLIDING SCALE.

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

CUR INT OPER CONT

C-048-0124 AF

CAPL 1974

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0124 AF

CAPL 1974

No ROFR Applies

C-048-0124 AF

CAPL 1974

No ROFR Applies

M-048-0112 BC LSE TYPE: CR PNG

CR: 34155




MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE 25 W4M NW SEC 12 CUR INT: WI


TO BASE BELLY RIVER

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%


CUR INT: POOL

GLENCOE 28.2996%

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%


NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 46.8%

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 46.8%

CUR INT OPER CONT

C-048-0437 A

ROFR Unknown

OPER: GLENCOE

RENT INT OPER CONT

C-048-0437 A

ROFR Unknown

OPER: GLENCOE



CR: 34155


LSE DATE: 1974 Mar 06 102/4-12 WELL - **POOLING

EFF DATE: 1974 Mar 06 REQUIRED**)

EXP DATE: 1984 Mar 05 NG TO BASE EDMONTON

MNRL INT: 100.0

EXT CODE: 15

SLIDING SCALE

ROYALTY LINKS

ALL S/S

C-048-0124 AE

OTHER CSS%

CAPL 1974

BASED ON 100.0%

No ROFR Applies

CS*EXPLORER Version 9.10.04 ES,P,1:9,5c13*




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

PDBY GLENCOE 46.8%

C-048-0124 AE

CAPL 1974

No ROFR Applies

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 23.4%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 46.8%

NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 46.8%

CUR INT OPER CONT

C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0124 AJ

CAPL 1974

No ROFR Applies

C-048-0124 AJ

CAPL 1974

No ROFR Applies

CUR INT OPER CONT

C-048-0124 AA

CAPL 1974

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0124 AA

CAPL 1974

No ROFR Applies

C-048-0124 AA

M-048-0112 BF LSE TYPE: CR PNG

CR: 34155




MNRL INT: 100.0

EXT CODE: 15



BASE BELLY RIVER

CUR INT: POOL-EARN

GLENCOE 15.813%

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%



CR: 34154




MNRL INT: 100.0

EXT CODE: 15



CUR INT: WI

GLENCOE 46.8%

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%


CS*EXPLORER Version 9.10.04 eLORER `




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

NONCONV GOR

CAPL 1974

ALL 10.0%

No ROFR Applies

BASED ON 41.25%

PDBY GLENCOE 46.8%

CUR INT: POOL-EARN

GLENCOE 15.813%

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%


CUR INT: POOL

GLENCOE 28.2996%

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%


SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 46.8%

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 46.8%

CUR INT OPER CONT

C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0124 Al

CAPL 1974

No ROFR Applies

C-048-0124 Al

CAPL 1974

No ROFR Applies

CUR INT OPER CONT

C-048-0437 A

ROFR Unknown

OPER: GLENCOE

RENT INT OPER CONT

C-048-0437 A

ROFR Unknown

OPER: GLENCOE


CR: 34154




MNRL INT: 100.0

EXT CODE: 15



102/4-12 WELL)



CR: 34154




MNRL INT: 100.0

EXT CODE: 15


(EXCL PRODUCTION FROM

102/4-12 - POOLING REQUIRED)

NG TO BASE EDMONTON


EiP $2,12 fLT




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 46.8%

ROYALTY LINKS

C-048-0124 AE

CAPL 1974

No ROFR Applies

C-048-0124 AE

CAPL 1974

No ROFR Applies

NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 23.4%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

NONCONV GOR

ALL 10.0%

BASED ON 17.5%

PDBY GLENCOE 23.4%

CUR INT OPER CONT

C-048-0124 AF

CAPL 1974

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0124 AF

CAPL 1974

No ROFR Applies

C-048-0124 AF

CAPL 1974

No ROFR Applies

CUR INT OPER CONT

C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CR: 34154




MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE 25 W4M SE SEC 12 CUR INT: WI


TO BASE BELLY RIVER

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%



CR: 34154




MNRL INT: 100.0

EXT CODE: 15



BASE BELLY RIVER

CUR INT: POOL-EARN

GLENCOE 15.813%

ROYALTY INT

NONCONV GOR

ALL 10.0%

BASED ON 41.25%


XPLORER' Software Solutions Ltd. CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

NONCONV GOR

ALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 23.4%

ROYALTY LINKS

C-048-0124 AJ

CAPL 1974

No ROFR Applies

C-048-0124 AJ

CAPL 1974

No ROFR Applies

CONV GOR

ALL 4.0%

BASED ON 50.0%

PDBY GLENCOE 18.0%

NONCONV GOR

ALL 7.0%

BASED ON 100.0%

PDBY GLENCOE 7.542%

NONCONV LOR

ALL 15.0%

BASED ON 100.0%

PDBY GLENCOE 18.0%

CUR INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

REF INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

RENT INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

M-048-0349 B LSE TYPE: FH PNG TWP 41 RGE 25 W4M SW SEC 13

LSE DATE: 2001 May 30 NG IN BELLY RIVER



MNRL INT: 100.0

EXT CODE: HBP

CUR INT: POOL

GLENCOE 7.542%

REF INT: APPI

GLENCOE 15.07968%

ROYALTY INT

CONV GOR

ALL 4.0%

BASED ON 50.0%


ROYALTY LINKS

C-048-0124 B

CAPL 1974

No ROFR Applies

C-048-0304 B

ROFR Unknown

M-048-0349 E LSE TYPE: FH PNG TWP 41 RGE 25 W4M SW SEC 13 CUR INT: BPO

NONCONV LOR

CUR INT OPER CONT


EPLORER"




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

ALL 15.0%

BASED ON 100.0%

PDBY GLENCOE 18.0%

CONV GOR

ALL 4.0%

BASED ON 50.0%

PDBY GLENCOE 18.0%

NONCONV GOR

ALL 7.0%

BASED ON 100.0%

PDBY GLENCOE 18.0%

C-048-0124 BB

CAPL 1974

No ROFR Applies

OPER: ALEXANDER

REF INT OPER CONT

C-048-0124 BB

CAPL 1974

No ROFR Applies

OPER: ALEXANDER

ROYALTY LINKS

C-048-0304 D

ROFR Unknown

C-048-0124 BB

CAPL 1974

No ROFR Applies

LSE DATE: 2001 May 30 PNG TO BASE BASAL BELLY RIVER

EFF DATE: 2001 May 30 EXCL NG IN BELLY RIVER


MNRL INT: 100.0

EXT CODE: HBP

GLENCOE 18.0%

REF INT: APO

GLENCOE 15.07968%

ROYALTY INT

CONV GOR

ALL 4.0%

BASED ON 50.0%






MNRL INT: 100.0

EXT CODE: HBP


NG IN BELLY RIVER

CUR INT: POOL

GLENCOE 7.542%

REF INT: APPI

GLENCOE 15.07968%

CUR INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

REF INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

RENT INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

ESo

PLORER'' llwann Solutions Ltd) CS*EXPLORER Version 9.10.04


Page 45 of 68

Report Id: RP-0053


File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

M-048-0507 D LSE TYPE: FH PNG




MNRL INT: 100.0

EXT CODE: HBP



EXCL NG IN BELLY RIVER



LSE DATE: 1982 Nov 02 NG IN BELLY RIVER



MNRL INT: 100.0

EXT CODE: HBP

CUR INT: POOL

GLENCOE 7.542%

REF INT: APPI

GLENCOE 15.07968%

CUR INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

REF INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

RENT INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER



NG IN BELLY RIVER





MNRL INT: 25.0

EXT CODE: HBP

CUR INT: POOL

GLENCOE 7.542%

REF INT: APPI

GLENCOE 15.07968%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

REF INT OPER CONT

C-048-0252 A

CAPL 1990

)1P1-91,?cfr CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

No ROFR Applies

OPER: ALEXANDER

RENT INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

M-048-0714 E LSE TYPE: FH PNG




MNRL INT: 25.0

EXT CODE: HBP





MNRL INT: 25.0

EXT CODE: HBP





TWP 41 ROE 25 W4M NW SEC 13


NG IN BELLY RIVER

CUR INT: WI

GLENCOE 12.15936%

CUR INT: POOL

GLENCOE 7.542%

REF INT: APPI

GLENCOE 15.07968%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%


NONCONV LOR

ALL 17.0%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0125 AB

CAPL 1974

No ROFR Applies

OPER: ALEXANDER

CUR INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

REF INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

RENT INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER


TWP 41 RGE 25 W4M NW SEC 13 CUR INT: WI

NONCONV LOR

CUR INT OPER CONT


EIPLEWT




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract




MNRL INT: 25.0

EXT CODE: HBP




GLENCOE 12.15936% ALL 17.0% C-048-0125 AB

BASED ON 100.0% CAPL 1974 •

PDBY GLENCOE 12.15936% No ROFR Applies

OPER: ALEXANDER

M-048-0716 B LSE TYPE: FH PNG TWP 41 RGE 25 W4M NW SEC 13


EFF DATE: 2012 Jun 01 NG IN BELLY RIVER


MNRL INT: 25.0

EXT CODE: HBP

CUR INT: POOL

GLENCOE 7.542%

REF INT: APPI

GLENCOE 15.07968%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

REF INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

RENT INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER





MNRL INT: 25.0

EXT CODE: HBP




CUR INT: WI

GLENCOE 12.15936%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0125 AB

CAPL 1974

No ROFR Applies

OPER: ALEXANDER

M-048-0717 B LSE TYPE: FH PNG TWP 41 RGE 25 W4M NW SEC 13

CUR INT: POOL

NONCONV LOR

CUR INT OPER CONT


GLENCOE 7.542%

ALL 17.0%

C-048-0252 A

EFF DATE: 2012 Jun 01 NG IN BELLY RIVER

BASED ON 100.0%

CAPL 1990


REF INT: APPI


No ROFR Applies

EXPLORER" Software Solutions Ltd. CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

MNRL INT: 25.0

EXT CODE: HBP

GLENCOE 15.07968% OPER: ALEXANDER

REF INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

RENT INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER





MNRL INT: 25.0

EXT CODE: HBP





CUR INT: WI

GLENCOE 12.15936%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0125 AB

CAPL 1974

No ROFR Applies

OPER: ALEXANDER

CUR INT: WI

GLENCOE 7.8125%

CUR INT: POOL

GLENCOE 71.40625%

M-048-0053 A LSE TYPE: CR PNG TWP 41 RGE 25 W4M SE SEC 16

CR: 117859 PETROLEUM TO BASE EDMONTON




MNRL INT: 100.0

EXT CODE: 15

M-048-0053 B LSE TYPE: CR PNG TWP 41 RGE 25 W4M SE SEC 16

CR: 117859 (PRODUCTION ONLY FROM THE

LSE DATE: 1960 Jan 21 02/4-16-41-25W4 WELL)

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

CUR INT OPER CONT

C-048-0076 D

CAPL 1974

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 K

ROFR Unknown

CUR INT OPER CONT

C-048-0283 A

CAPL 1990

CS"EXPLORER Version 9.10.04 EXPLORER ' "




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EFF DATE: 1959 Dec 03 NG TO BASE EDMONTON


MNRL INT: 100.0

EXT CODE: 15

BASED ON 100.0%


NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0283 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 KA

ROFR Unknown


CR: 117859




MNRL INT: 100.0

EXT CODE: 15


(PRODUCTION ONLY FROM 2-16;

9-16 AND 14-16)

NG TO BASE EDMONTON

CUR INT: POOL

GLENCOE 35.703125%

NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0283 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0283 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 K

ROFR Unknown


CR: 117859




MNRL INT: 100.0



BASE BASAL BELLY RIVER

FORMATION

CUR INT: WI

GLENCOE 15.625%

NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

SLIDING SCALE

CUR INT OPER CONT

C-048-0076 DC

CAPL 1974

No ROFR Applies

OPER: GLENCOE





File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

EXT CODE: 15

ALL S/S

ROYALTY LINKS

OTHER CSS%

C-048-0083 KB

BASED ON 100.0%

ROFR Unknown



CR: 117859




MNRL INT: 100.0

EXT CODE: 15


(EXCL PRODUCTION FROM

2-16;2/4-16; 9-16 & 14-16)

NG TO BASE EDMONTON

CUR INT: POOL

GLENCOE 46.953125%

NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


CUR INT OPER CONT

C-048-0283 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0283 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 K

ROFR Unknown

CUR INT: WI

GLENCOE 45.0%

CUR INT: POOL

GLENCOE 71.40625%


CR: 0400030123




MNRL INT: 100.0

EXT CODE: 15


CR: 0400030123




MNRL INT: 100.0




(PRODUCTION ONLY FROM

02/4-16 WELL)

NG TO BASE EDMONTON

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 45.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0443 A

ROFR Unknown

OPER: GLENCOE

CUR INT OPER CONT

C-048-0283 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

XPLORER' Software Solutions Ltd. CS*EXPLORER Version 9.10.04




Report Id: RP-0053

File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract


C-048-0283 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CR: 0400030123




MNRL INT: 100.0

EXT CODE: 15



2-16, 9-16 & 14-16 WELLS)

NG TO BASE EDMONTON

CUR INT: POOL SLIDING SCALE

GLENCOE 35.703125% ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 45.0%

CUR INT OPER CONT

C-048-0283 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0283 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CR: 0400030123




MNRL INT: 100.0

EXT CODE: 15


CR: 0402070127






2-16, 02/4-16, 9-16 & 14-16

WELLS)

NG TO BASE EDMONTON

CUR INT: POOL

GLENCOE 46.953125%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 45.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0283 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0283 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0421 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

TWP 41 RGE 25 W4M SW SEC 16 CUR INT: WI

PETROLEUM TO BASE EDMONTON GLENCOE 90.0%





File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

MNRL INT: 100.0

EXT CODE: 15


CR: 0402070127




MNRL INT: 100.0

EXT CODE: 15


(PRODUCTION ONLY FROM

02/4-16-41-25 W4 WELL)

NG TO BASE EDMONTON

CUR INT: POOL SLIDING SCALE


OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0283 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0283 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CR: 0402070127




MNRL INT: 100.0

EXT CODE: 15



2-16; 9-16 AND 14-16 WELLS)

NG TO BASE EDMONTON

CUR INT: POOL

GLENCOE 35.703125%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 45.0%

CUR INT OPER CONT

C-048-0283 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0283 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CR: 0402070127

LSE DATE: 2002 Jul

EFF DATE: 2002 Jul

EXP DATE: 2007 Jul

MNRL INT: 100.0

EXT CODE: 15



11 2-16; 02/4-16; 9-16 & 14-16

11 WELLS)

10 NG TO BASE EDMONTON

CUR INT: POOL

GLENCOE 46.953125%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0283 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0283 C


ESPL-feig'




Report Id: RP-0053

File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

CAPL 1990

No ROFR Applies

OPER: GLENCOE

M-048-0011 AF LSE TYPE: CR PNG

CR: 0481120114

LSE DATE: 1981 Dec 17



MNRL INT: 100.0

EXT CODE: 15



TO BASE BELLY RIVER

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 100.0%

M-048-0011 BC LSE TYPE: CR PNG TWP 41 RGE 25 W4M SE SEC 24 CUR INT: WI SLIDING SCALE

CR: 0481120114 PETROLEUM FROM BASE EDMONTOP GLENCOE 100.0% ALL S/S

LSE DATE: 1981 Dec 17 TO BASE BELLY RIVER OTHER CSS%

EFF DATE: 1981 Dec 17 BASED ON 100.0%

EXP DATE: 1986 Dec 16 PDBY GLENCOE 100.0%

MNRL INT: 100.0

EXT CODE: 15

M-048-0011 D LSE TYPE: CR PNG TWP 41 RGE 25 W4M E SEC 24 CUR INT: POOL SLIDING SCALE CUR INT OPER CONT

CR: 0481120114 NG TO BASE EDMONTON GLENCOE 25.0% ALL S/S C-048-0299 A

LSE DATE: 1981 Dec 17 (INCLUDING PRODUCTION FROM OTHER CSS% CAPL 1990

EFF DATE: 1981 Dec 17 THE 102/8-24 & 102/9-24 WELLS) BASED ON 100.0% No ROFR Applies

EXP DATE: 1986 Dec 16 PDBY GLENCOE 50.0% OPER: GLENCOE

MNRL INT: 100.0


C-048-0299 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

M-048-0011 D/ LSE TYPE: CR PNG TWP 41 RGE 25 W4M E SEC 24 CUR INT: POOL SLIDING SCALE CUR INT OPER CONT

CR: 0481120114 NG BELOW BASE EDMONTON TO GLENCOE 50.0% ALL S/S C-048-0299 B

LSE DATE: 1981 Dec 17 BASE BELLY RIVER OTHER CSS% CAPL 1990

ESPLOREIr

em. Solutions Ltd) CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract



MNRL INT: 100.0

EXT CODE: 15

BASED ON 100.0%

PDBY GLENCOE 100.0%

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0299 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

M-048-0011 DE LSE TYPE: CR PNG TWP 41 RGE 25 W4M E SEC 24

CR: 0481120114 PETROLEUM TO BASE EDMONTON




MNRL INT: 100.0

EXT CODE: 15

CUR INT: WI

GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CUR INT OPER CONT

C-048-0441 A

ROFR Unknown

OPER: GLENCOE


CR: 20303




MNRL INT: 100.0

EXT CODE: 15


NG TO BASE EDMONTON

(INCLUDING PRODUCTION FROM

102/8-24 & 102/9-24 WELLS)

CUR INT: POOL

GLENCOE 25.0%

CUR INT OPER CONT

C-048-0299 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0299 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0369 BA

ROFR Unknown



CUR INT: POOL

SLIDING SCALE

CUR INT OPER CONT

CR: 20303


GLENCOE 50.0%

ALL S/S

C-048-0299 B

CS*EXPLORER Version 9.10.04 PLES25!5`




Report Id: RP-0053

File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

LSE DATE: 1969 Dec 31 BASE BELLY RIVER



MNRL INT: 100.0

EXT CODE: 15

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0299 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0369 BA

ROFR Unknown

M-048-0029 C LSE TYPE: CR PNG TWP 41 RGE 25 W4M NE SEC 26

CR: 13630 PNG TO BASE BASAL BELLY RIVER




MNRL INT: 100.0

EXT CODE: 15

CUR INT: WI

GLENCOE 65.625%

CUR INT: WI

GLENCOE 30.76923%

REF INT: PAYOR

GLENCOE 78.84615%

NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%


NONCONV LOR

ALL 20.0%

BASED ON 100.0%


NONCONV GOR

ALL 3.0%

BASED ON 25.0%

PDBY GLENCOE 45.0%

CUR INT OPER CONT

C-048-0070 C

CAPL 1974

No ROFR Applies

OPER: QUESTFIRE

ROYALTY LINKS

C-048-0083 I

ROFR Unknown

CUR INT OPER CONT

C-048-0087 A

CAPL 1974

ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 SA

ROFR Unknown

C-048-0358 R





MNRL INT: 100.0

EXT CODE: HBP

TWP 41 RGE 25 W4M S SEC 26


BASE BELLY RIVER

EXPLORER' Software SolutIonx Ltd; CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

NONCONV GOR

ROFR Unknown

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

NONCONV LOR CUR INT OPER CONT

ALL 20.0% C-048-0087 BA

BASED ON 100.0% CAPL 1974

PDBY GLENCOE 48.07692% ROFR Applies

OPER: GLENCOE

SLIDING SCALE

ALL S/S 1/150 REF INT OPER CONT

(MIN 5.0 MAX 15.0) C-048-0087 BA

GAS 15.0% (MIN 0.09/MCF CAPL 1974

BASED ON 100.0% ROFR Applies


M-048-0055 BE LSE TYPE: FH PNG TWP 41 RGE 25 W4M NW SEC 26

LSE DATE: 1976 Dec 03 PNG BELOW BASE EDMONTON TO

EFF DATE: 1976 Dec 03 BASE BELLY RIVER


MNRL INT: 100.0

EXT CODE: HBP

CUR INT: BPO

GLENCOE 78.84615%

REF INT: APO

GLENCOE 39.42308%

NONCONV GOR

ALL 3.0%

BASED ON 25.0%

PDBY GLENCOE 100.0%

NONCONV GOR

ALL 3.0%

BASED ON 25.0%

PDBY GLENCOE 45.0%

NONCONV LOR

ALL 12.5%

BASED ON 100.0%


NONCONV GOR

ALL 2.0%

BASED ON 100.0%

ROYALTY LINKS

C-048-0087 BA

CAPL 1974

ROFR Applies

C-048-0083 RA

ROFR Unknown

C-048-0358 R

ROFR Unknown

CUR INT OPER CONT

C-048-0285 A

CAPL 1990

No ROFR Applies

OPER: QUICKSILVE

RENT INT OPER CONT

C-048-0285 A

M-048-0027 C LSE TYPE: FH PNG TWP 41 RGE 25 W4M SW SEC 27 CUR INT: POOL

LSE DATE: 1972 Dec 18 NG TO BASE BELLY RIVER

GLENCOE 3.90625%



MNRL INT: 100.0

EXT CODE: HBP


ESPI-425#5'




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract


NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

CAPL 1990

No ROFR Applies

OPER: QUICKSILVE

ROYALTY LINKS

C-048-0055 AB

CAPL 1974

No ROFR Applies

C-048-0083 GD

ROFR Unknown

M-048-0027 F LSE TYPE: FH PNG




MNRL INT: 100.0

EXT CODE: HBP





MNRL INT: 100.0

EXT CODE: HBP

NONCONV LOR

ALL 12.5%

BASED ON 100.0%


NONCONV GOR

ALL 2.0%

BASED ON 100.0%


NONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

CUR INT OPER CONT

C-048-0055 AB

CAPL 1974

No ROFR Applies

OPER: QUESTFIRE

ROYALTY LINKS

C-048-0055 AB

CAPL 1974

No ROFR Applies

C-048-0083 GD

ROFR Unknown

CUR INT OPER CONT

C-048-0285 A

CAPL 1990

No ROFR Applies

OPER: QUICKSILVE

RENT INT OPER CONT

C-048-0285 A

CAPL 1990


CUR INT: WI

PNG TO BASE BASAL BELLY RIVER GLENCOE 15.625%

FORMATION EXCL NG TO BASE

BELLY RIVER

TWP 41 RGE 25 W4M SE SEC 27 CUR INT: POOL


GLENCOE 3.90625%

CS"EXPLORER Version 9.10.04




File Title

Lands

Seller's

Encumbrances

Operating

Wells

Number Information

Interests

Contract

No ROFR Applies

OPER: QUICKSILVE

M-048-0490 C LSE TYPE: FH PNG TWP 41 RGE 25 W4M SE SEC 27

LSE DATE: 1994 Jun 18 PETROLEUM TO BASE BELLY RIVER



MNRL INT: 100.0

EXT CODE: HBP

M-048-0491 A LSE TYPE: FH PNG TWP 41 RGE 25 W4M NW SEC 27 CUR INT: POOL CUR INT OPER CONT

LSE DATE: 2003 Jun 25 NG TO BASE BELLY RIVER GLENCOE 3.90625% C-048-0285 A

EFF DATE: 2003 Jun 25 CAPL 1990

EXP DATE: 2006 Jun 24 No ROFR Applies

MNRL INT: 100.0 OPER: QUICKSILVE

EXT CODE: HBP

RENT INT OPER CONT

C-048-0285 A

CAPL 1990

No ROFR Applies

OPER: QUICKSILVE

M-048-0492 A LSE TYPE: FH PNG TWP 41 RGE 25 W4M NE SEC 27 CUR INT: POOL CUR INT OPER CONT



NG TO BASE BELLY RIVER GLENCOE 3.90625% C-048-0285 A ,

CAPL 1990

EXP DATE: 2006 Mar 23 No ROFR Applies

MNRL INT: 100.0 OPER: QUICKSILVE

EXT CODE: HBP

RENT INT OPER CONT

C-048-0285 A

CAPL 1990

No ROFR Applies

OPER: QUICKSILVE

M-048-0708 A LSE TYPE: FH OPT TWP 41 RGE 25 W4M NE SEC 27

CUR INT: WI NONCONV LOR

CS*EXPLORER Version 9.10.04 EP LOgnEFJ,"


Page 59 of 68

Report Id: RP-0053


File Title

Number Information

Lands Seller's

Interests

Encumbrances Operating Wells

Contract

LSE DATE: 2013 Jan 24 (UNDIVIDED 1/2 INTEREST) GLENCOE 100.0% ALL 18.0%

EFF DATE: 2013 Jan 24 PNG TO BASE BELLY RIVER BASED ON 100.0%

EXP DATE: NIL (OPTION ONLY) PDBY GLENCOE 100.0%

MNRL INT: 50.0

M-048-0709 A LSE TYPE: FH OPT TWP 41 RGE 25 W4M NE SEC 27 CUR INT: WI NONCONV LOR

LSE DATE: 2013 Jan 24 (UNDIVIDED 1/2 INTEREST) GLENCOE 100.0% ALL 18.0%

EFF DATE: 2013 Jan 24 PNG TO BASE BELLY RIVER EXCL BASED ON 100.0%

EXP DATE: NIL PNG IN GLAUCONITE & DUVERNAY PDBY GLENCOE 100.0%

MNRL INT: 50.0 (OPTION ONLY)

M-048-0030 D LSE TYPE: CR PNG TWP 41 RGE 25 W4M SE SEC 28 ROYALTY INT CUR INT OPER CONT

CR: 117860 NG TO BASE BASAL BELLY RIVER NONCONV GOR C-048-0202 A

LSE DATE: 1960 Jan 21 GAS 15.0% ROFR Unknown

EFF DATE: 1959 Dec 03 BASED ON 37.5% OPER: QUESTFIRE

EXP DATE: 1980 Dec 02 PDTO GLENCOE 29.25%

MNRL INT: 100.0 ROYALTY LINKS

EXT CODE: HB UNIT C-048-0202 A

ROFR Unknown

M-048-0120 A LSE TYPE: CR PNG TWP 41 RGE 25 W4M SW SEC 28 CUR INT: WI SLIDING SCALE CUR INT OPER CONT

CR: 0483030021 PETROLEUM TO BASE BELLY RIVER GLENCOE 43.875% ALL S/S C-048-0140 A

LSE DATE: 1983 Mar 10 OTHER CSS% CAPL 1981

EFF DATE: 1983 Mar 10 BASED ON 100.0% No ROFR Applies

EXP DATE: 1988 Mar 09 PDBY GLENCOE 43.875% OPER: GLENCOE

MNRL INT: 100.0

EXT CODE: 15 NONCONV GOR ROYALTY LINKS

OIL 2.0% C-048-0164 A

BASED ON 100.0% ROFR Unknown


M-048-0120 B LSE TYPE: CR PNG TWP 41 RGE 25 W4M SW SEC 28 ROYALTY INT CUR INT OPER CONT

CR: 0483030021 NG TO BASE BELLY RIVER NONCONV GOR C-048-0202 A

LSE DATE: 1983 Mar 10 GAS 15.0% ROFR Unknown

EFF DATE: 1983 Mar 10 BASED ON 37.5% OPER: QUESTFIRE

Erltl l Solu o :vare tion Ltd. d- CS*EXPLORER Version 9.10.04




File Title

Lands

Seller's

Encumbrances

Operating

Wells

Number Information

Interests

Contract


MNRL INT: 100.0

EXT CODE: 15


CR: 33848

LSE DATE: 1974 Feb 04

EFF DATE: 1974 Feb 04


MNRL INT: 100.0

EXT CODE: 15


CR: 0494080292




MNRL INT: 100.0

EXT CODE: 15

PDTO GLENCOE 29.25%

ROYALTY INT

NONCONV GOR

GAS 15.0%

BASED ON 37.5%

PDTO GLENCOE 29.25%

ROYALTY INT

NONCONV GOR

GAS 15.0%

BASED ON 37.5%

PDTO GLENCOE 29.25%

CUR INT: WI SLIDING SCALE

ROYALTY LINKS

C-048-0202 A

ROFR Unknown

C-048-0140 B

CAPL 1981

No ROFR Applies

CUR INT OPER CONT

C-048-0202 A

ROFR Unknown

OPER: QUESTFIRE

ROYALTY LINKS

C-048-0202 A

ROFR Unknown

CUR INT OPER CONT

C-048-0202 A

ROFR Unknown

OPER: QUESTFIRE

ROYALTY LINKS

C-048-0202 A

ROFR Unknown





M-048-0213 E LSE TYPE: CR PNG TWP 41 RGE 25 W4M NW SEC 28

CR: 0494080292 PETROLEUM TO BASE BASAL BELLY

LSE DATE: 1994 Aug 26 RIVER FORMATION



MNRL INT: 100.0

EXT CODE: 15

M-048-0180 C LSE TYPE: CR NG TWP 41 RGE 25 W4M SE SEC 35


ElP1-25,0'




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

CR: 0478050012 NG TO BASE BELLY RIVER




MNRL INT: 100.0

EXT CODE: 15


OTHER CSS%

BASED ON 100.0%






MNRL INT: 8.3333

EXT CODE: HBP


(UNDIVIDED 1/12 INTEREST OR

6/72)


CUR INT: WI

GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%


LSE DATE: 2001 Nov

EFF DATE: 2001 Nov

EXP DATE: 2004 Nov

MNRL INT: 8.3333

EXT CODE: HBP


LSE DATE: 2001 Oct

EFF DATE: 2001 Nov

EXP DATE: 2004 Nov

MNRL INT: 8.3333

EXT CODE: HBP


LSE DATE: 2001 Dec

EFF DATE: 2001 Dec

EXP DATE: 2004 Dec

MNRL INT: 5.555

EXT CODE: HBP


16 (UNDIVIDED 1/12 INTEREST OR

19 6/72)

18 PNG TO BASE BELLY RIVER



19 6/72)




14 4/72)


NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


EsP“:„05p3,.




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract


LSE DATE: 2001 Nov

EFF DATE: 2001 Nov

EXP DATE: 2004 Nov

MNRL INT: 5.555

EXT CODE: HBP



22 4/72)


CUR INT: WI

GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%





MNRL INT: 50.0

EXT CODE: HBP





MNRL INT: 5.555

EXT CODE: HBP






4/72)


NONCONV LOR

GAS 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


LSE DATE: 2001 Nov

EFF DATE: 2001 Nov

EXP DATE: 2004 Nov

MNRL INT: 5.555

EXT CODE: HBP



24 4/72)


CUR INT: WI

GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE





MNRL INT: 5.555

EXT CODE: HBP



4/72)


CUR INT: WI

GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CS*EXPLORER Version 9.10.04 EIP.1.-ts?,f,gT




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%


LSE DATE: 2001 Nov

EFF DATE: 2001 Nov

EXP DATE: 2004 Nov

MNRL INT: 5.555

EXT CODE: HBP


LSE DATE: 2001 Nov

EFF DATE: 2001 Nov

EXP DATE: 2004 Nov

MNRL INT: 5.5555

EXT CODE: HBP


LSE DATE: 2001 Nov

EFF DATE: 2001 Nov

EXP DATE: 2004 Nov

MNRL INT: 5.5555

EXT CODE: HBP


LSE DATE: 2001 Nov

EFF DATE: 2001 Nov

EXP DATE: 2004 Nov

MNRL INT: 5.5555

EXT CODE: HBP


LSE DATE: 2001 Nov

EFF DATE: 2001 Dec

EXP DATE: 2004 Dec

MNRL INT: 4.16666

EXT CODE: HBP



24 4/72)




27 4/72)




27 4/72)




27 4/72)




09 3/72)


NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

XPLORER; Software Solutions Ltd. CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: WI

GLENCOE 90.0%

CUR INT: JV EARNED

GLENCOE 50.0%

ROYALTY INT

NONCONV GOR

OIL 10.0%

BASED ON 100.0%

PDTO GLENCOE 47.5%

ROYALTY INT

NONCONV GOR

GAS 15.0%

BASED ON 100.0%

PDTO GLENCOE 47.5%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 17.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

NONCONV LOR

ALL 18.0%

BASED ON 100.0%

PDBY GLENCOE 90.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

OIL 10.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

GAS 15.0%

BASED ON 100.0%

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-048-0422 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONT

C-800-0001 F

CAPL 1990

ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0021 A

ROFR Unknown

C-048-0030 BA

ROFR Unknown

C-048-0030 BA

ROFR Unknown

M-048-0258 °C LSE TYPE: FH PNG


LSE DATE: 2001 Nov 08 (UNDIVIDED 1/12 INTEREST OR

EFF DATE: 2002 Jan 29 6/72)

EXP DATE: 2005 Jan 28 PNG TO BASE BELLY RIVER

MNRL INT: 8.3333

EXT CODE: HBP



LSE DATE: 2001 Nov 27 (UNDIVIDED 1/12 INTEREST OR

EFF DATE: 2002 Jan 29 6/72)

EXP DATE: 2005 Jan 28 PNG TO BASE BELLY RIVER

MNRL INT: 8.3333

EXT CODE: HBP



LSE DATE: 2002 Jul 23 (UNDIVIDED 1/2 INTEREST)

EFF DATE: 2002 Jul 23 NG TO BASE BELLY RIVER


MNRL INT: 50.0

EXT CODE: OFFSET PAN



CR: 20918





MNRL INT: 100.0

EXT CODE: 15

CS*EXPLORER Version 9.10.04 EP 25,5,)




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

PDBY GLENCOE 50.0%

NONCONV GOR .

ALL 3.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%


CR: 20918




MNRL INT: 100.0

EXT CODE: 15


CUR INT: JV EARNED


ROYALTY INT

NONCONV GOR

OIL 10.0%

BASED ON 100.0%

PDTO GLENCOE 47.5%

ROYALTY INT

NONCONV GOR

GAS 15.0%

BASED ON 100.0%

PDTO GLENCOE 47.5%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

OIL 10.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

GAS 15.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CUR INT OPER CONT

C-800-0001 F

CAPL 1990

ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0021 A

ROFR Unknown

C-048-0030 BA

ROFR Unknown

C-048-0030 BA

ROFR Unknown

NONCONV GOR

ALL 3.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

M-048-0001 C/ LSE TYPE: CR PNG

CR: 20918




MNRL INT: 100.0

EXT CODE: 15

TWP 41 RGE 25 W4M S SEC 36


CUR INT: POOL

GLENCOE 37.5%

ROYALTY INT

NONCONV GOR

OIL 10.0%

BASED ON 100.0%

NONCONV GOR

OIL 10.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

GAS 15.0%

CUR INT OPER CONT

C-048-0284 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

EMLORER; Salm Solutions Ltd. CS*EXPLORER Version 9.10.04




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

PDTO GLENCOE 47.5%

ROYALTY INT

NONCONV GOR

GAS 15.0%

BASED ON 100.0%

PDTO GLENCOE 47.5%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

ALL 3.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS`Y.

BASED ON 100.0%

PDBY GLENCOE 50.0%

C-048-0284 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0021 A

ROFR Unknown

C-048-0030 BA

ROFR Unknown

C-048-0030 BA

ROFR Unknown


CR: 12818




MNRL INT: 100.0

EXT CODE: 15


CR: 12818




NONCONV GOR

OIL 10.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

ALL 3.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

NONCONV GOR

GAS 15.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CUR INT OPER CONT

C-800-0001 F

CAPL 1990

ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0021 A

ROFR Unknown

C-048-0030 BA

ROFR Unknown

CUR INT OPER CONT

C-048-0284 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CUR INT: JV EARNED


ROYALTY INT

NONCONV GOR

OIL 10.0%

BASED ON 100.0%

PDTO GLENCOE 47.5%


CUR INT: POOL


GLENCOE 37.5%

ROYALTY INT

NONCONV GOR

CS*EXPLORER Version 9.10.04 EP1.-125,




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract

MNRL INT: 100.0

EXT CODE: 15

GAS 15.0%

BASED ON 100.0%

PDTO GLENCOE 47.5%

NONCONV GOR

ALL 3.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

SLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

RENT INT OPER CONT

C-048-0284 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0021 A

ROFR Unknown

C-048-0030 BA

ROFR Unknown


CR: 20918A




MNRL INT: 100.0

EXT CODE: 15



CUR INT: POOL

GLENCOE 37.5%

CUR INT OPER CONT

C-048-0284 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0284 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE


CR: 20918A




MNRL INT: 100.0

EXT CODE: 15



M-048-0364 A LSE TYPE: CR PNG TWP 42 RGE 24 W4M SEC 18

ROYALTY INT

CUR INT OPER CONT

CR: 0490120097

PNG TO BASE MANNVILLE

SLIDING SCALE

C-048-0261 A


)1131-9YELq,'




File

Title

Lands

Seller's

Encumbrances

Operating

Wells

Number

Information

Interests

Contract


ALL S/S 1/23.85

ROFR Unknown


(MIN 5.0 MAX 15.0)

OPER: SEKUR ENER


GAS 15.0% (MIN 5.32/10 3 M3

MNRL INT: 100.0

OTHER 15%

ROYALTY LINKS

EXT CODE: 15

BASED ON 100.0%

C-048-0261 A

PDTO GLENCOE 90.0%

ROFR Unknown



ROYALTY INT

LSE DATE: 1950 May 24 ALL PNG

NONCONV GOR


ALL 1.25%

EXP DATE: NIL

BASED ON 100.0%

MNRL INT: 100.0

PDTO GLENCOE 45.0%

EXT CODE: HBP


JUDICIAL CENTRE OP CALGARY...JUDICIAL CENTRE CALGARY OP CALGARY PLAINTIFF DUGAN PRODUCTION CORP....

Documents

Transcript of JUDICIAL CENTRE OP CALGARY...JUDICIAL CENTRE CALGARY OP CALGARY PLAINTIFF DUGAN PRODUCTION CORP....