Updated to: 25-Apr-2011 EAST - 2011 Active Well list

Area Rank Expiry Engineer Drilling Pad Surface Location # Wells per Pad (#Drilled) Bottom hole Location (surface location) Partners 100/03-31-046-10W5M 01-06-047-11W5M Daylight Taqa Zone Cardium WI% 65% 35% April 20/2011 Exploitation Request to Survey Comments

Daylight Energy Ltd.

Operations Report

Confidential
Revised 4/18/2012, 11:29 PM

JV Mineral Land Exploitation Agreements in Comments place Notice Notice Served Due Tie-in Point DAY GGS just to the eat of this surf location

Gross Forcasted Production Comments Initial Prod (bbl/d or mmcf/d) 6 Mo Prod (bbl/d or mmcf/d)

Operated Drills
Brazeau 1 Peter M 5 Potential locations from this site. Other potential locations are 02 and 04-31, 04-06-047-10W5M, and 13-05-047-10W5M (see attached sketch )

Brazeau

Peter M

100/04-11-046-11W5M 14-11-046-11W5M

Daylight

Cardium

100.0% Mar 23/2011 4 potential locations from this site.

13-14-046-11W5M will come from the same pad.

Brazeau

exp May, 2012

Peter M

100/13-14-046-11W5M 14-11-046-11W5M

Daylight

Cardium

100.0%

Sept 23/2010

Constructed

10-15-04611W5M

Lidar Oct 12/2010

Brazeau

Peter M

100/08-27-046-11W5M 08-28-046-11W5M

Daylight Conoco

Cardium

50% 50%

Sept 23/2010

Waiting until after break up to 16-Feb-11 complete.

18-Mar-11

05-27-04611W5M

licensed

Brazeau

Peter M

00/01-28-046-11W5M 01-29-046-11W5M

Daylight

Cardium

100% (2% GORR) 75% 25%

Sept 17/2010

Brazeau

Peter M

00/04-29-046-11W5M 01-29-046-11W5M

Daylight Mancal

Cardium

Sept 17/2010

Brazeau

drill delayed due to budget

Peter M

100/01-30-046-11W5M 01-31-046-11W5M

Daylight Mancal

Cardium

75% 25%

Sept 23/2010

Mitigation complete, amending Conocco access road agreement. Checked for status update Mitigation complete, amending Conocco access road agreement. Checked for status update Auditing package and go to 14-Feb-11 license next week. Constructed RTS to be released by land today

same surface as 01-28-046-11W5M 16-Mar-11 01-36-04612W5M Auditing package and go to license next week; 4 potential locations from this surface. They are 01-30, 02-30, 15 and 16-31-046-11W5M

Brazeau

Peter M

100/15-31-046-11W5M 15-30-046-11W5M

Daylight

Cardium

100.0%

March 07/2011

01-31 or 1530-04612W5M 01-31 or 1530-04612W5M 06-04-04711W5M up to 4 wells can be drilled from this location, 01-32, 02-32-04611W5M and 13 & 14-04-047-11W5M

Brazeau

Peter M

100/16-31-046-11W5M 15-30-046-11W5M

Daylight

Cardium

100.0%

March 07/2011

RTS to be released by land today

Brazeau

Peter M

100/01-32-046-11W5M 03-04-047-11W5M

Daylight

Cardium

100.0%

Sept 23/2010

Brazeau

Peter M

100/03-33-046-11W5M 02-04-047-11W5M

Daylight

Cardium

100.0%

Sept 23/2010

done drilling, waiting for completion on March 25/2011.

15-32-04611W5M

up to 4 wells can be drilled from this location, 03-33, 04-33-04611W5M and 15 & 16-04-047-11W5M

Brazeau

Peter M

100/01-25-046-12W5M 01-36-046-12W5M

Daylight

Cardium

100.0% Jan 21/2011 RTS to be released by land today

01-36-04612W5M

Brazeau

Peter M

100/05-35-046-12W5M 05-36-046-12W5M

Daylight Conoco Philips

Cardium

60% 40%

March 23/2011

4 possible locations off of this site, they are 08-36 and 01-36-4612W5M, and 04-35-046-12W5M. Tie-in is either 01-36-46-12 W5M wellsite or 06-35-046-12W5M wellsite. 4 possible locations off of this site, they are 01-36 and 01-35-4612W5M, and 05-35-046-12W5M. Tie-in is either 01-36-46-12 W5M wellsite or 06-35-046-12W5M wellsite. 5 Potential locations from this site. DAY GGS just to the eat of this surf location DAY GGS just to the eat of this surf location 03-06-04711W5M DAY Other potential locations are 02, 03 and 04-31, and 04-06-04710W5M (see attached sketch )

Brazeau

Peter M

100/08-36-046-12W5M 05-36-046-12W5M

Daylight Conoco Philips

Cardium

60% 40%

March 23/2011

Brazeau

Peter M

100/13-05-047-10W5M 01-06-047-11W5M

Daylight Baytex PetroBakken Daylight Taqa Triple C Daylight

Cardium

40% 30% 30% 48.5% 48.5% 3.0% 100.0%

April 20/2011

Brazeau

Peter M

100/04-06-047-10W5M 01-06-047-11W5M

Cardium

April 20/2011

5 Potential locations from this site.

Other potential locations are 02, 03 and 04-31, and 13-05-04710W5M (see attached sketch )

Brazeau

Peter M

100/15-06-047-10W5M 01-6-047-10W5M

Cardium

March 23/2011.

SHOULD THIS BE DELETED ??

Survey for 4 locations. Additonal wells from this site would be 16-06, 03-31 and 04-31-46-10W5M

Brazeau

Peter M

100/01-07-047-10W5M 01-12-047-11W5M

Daylight

Cardium

100.0%

March 22/2011

4 potential locations from this site

Brazeau

Peter M

100/01-01-047-11W5M 01-12-047-11W5M

Daylight

Cardium

100.0%

April 21/2011

5 Potential locations from this site.

DAY GGS just to the eat of this surf location 03-06-04710W5M

Survey for 4 locations. Additonal wells from this site would be 08-07, 04-12 and 08-12-47-11W5M

Brazeau

Peter M

100/16-04-047-11W5M 01-04-047-11W5M

Daylight

Cardium

100.0%

March 23/2011.

03-06-04710W5M

drilled from same site as existing well at 03-33-046-11W5M

Brazeau

Exp by April 1, 2011 Exp by April 1, 2011 April 1, 2011 expiry

Peter M

100/01-06-047-11W5M 05-06-47-11W5M

Daylight

Cardium

100.0% Jan 10/2011. SHOULD THIS BE DELETED ??

05-06-04711W5M DAY GGS 05-06-04711W5M DAY GGS 13-05-04711W5M Underground 12-08-04711W5M

same proposed surface as 04-01-047-12 W5M

Brazeau

Peter M

100/04-06-047-11W5M 04-05-47-11W5M

Daylight

Cardium

100.0%

April 18/2011

Helicoptered last week.

same proposed surface as 01-05-047-11 W5M

Brazeau

Peter M

100/13-06-047-11W5m 13-05-047-11W5M

Daylight

Cardium

100.0%

Sept 23/2010

Drilling, spud April 1/2011.

Brazeau

Peter M

100/04-08-047-11W5m 13-08-047-11W5M

Daylight Baccalieu

Cardium

Brazeau

Peter M

100/05-12-047-11W5M 01-12-047-11W5M

Daylight

Cardium

65% 35% (5-12.5% GORR) 100.0%

Sept 23/2010

released for lisc.

March 23/2011

Tie-in to DAY GGS which runs through NE corner of Lsd 01-12; potential for 04-12 to drilled from this site and 01-07-47-10 and 08-07047-10W5M. confirming with Forestry. Still waiting for LOA 15-09-04711W5M

Brazeau

Peter M

100/15-16-047-11W5M 15-09-047-11W5M

Daylight Conoco Taqa Daylight Conoco Taqa Daylight

Cardium

25% 50% 25%

(3% GORR)

Sept 23/2010

Brazeau

Peter M

100/16-16-047-11W5M 15-09-047-11W5M

Cardium

25% Nov22/2010 confirming with Forestry. Still 50% waiting for LOA 25%
(3% GORR)

15-09-04711W5M

Brazeau

Peter M

100/01-20-047-11W5M 02-29-047-11W5M

Cardium

100.0%

March 07/2011

RTS to be released by land today

04-21 or 1617-04711W5M

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Page 1 of 26 Pages

Brazeau

Peter M

104/09-26-047-11W5M (05-26-047-11W5M)

Daylight lands continued Daylight

Cardium

100.0%

Licensed

Daylight Energy Ltd.

Operations Report

05-26 on site Keyera W.Pemb. tie-in 10-10 SA1925 05-26 on site Keyera W.Pemb. tie-in 10-10 SA1925 Keyera W.Pemb. in a regulated ungulate area, no activity after Jan 15/2011. We will 10-10 have to drill in either Q2 or Q3. SA1925

Confidential
Revised 4/18/2012, 11:29 PM

Brazeau

Peter M

100/12-27-047-11W5M (05-26-047-11W5M)

Cardium

100.0%

Licensed

Brazeau

Peter M

102/04-28-047-11W5M (05-27-047-11W5M)

Daylight

Cardium

100% (5-10% GORR) 100% Sept 23/2010

Licensed

Brazeau

Peter M

100/15-29-047-11W5M 01-29-047-11W5M

Daylight

Cardium

Waiting for FMA consent.

Brazeau

Peter M

00/01-32-47-11W5 01-05-048-11W5M

Daylight Signalta Resources Ltd. Daylight

Cardium

87.5% Mar 7/2011 12.5%

RTS to be released by land today

Brazeau

must spud by Oct 1, 2011

Peter M

100/14-32-047-11W5M 15-29-047-11W5M

Cardium

Brazeau

Peter M

00/03-33-47-11W5 04-04-048-11W5M

Daylight

Cardium

100% Sept (FI on 23/2010 Signalta 12.5%) 100.0% Mar 7/2011

Currently surveying, in drafting. Waiting on Crown if we need First Nations consultation. RTS to be released by land today

03-32-04711W5M

received 6 month extension from Signalta to Oct 1/2011 for spud date.

Brazeau

Peter M

100/04-33-047-11W5 04-04-048-11W5

Daylight

Glauc

100.0%

April 06/2011

use same surface location as proposed for 03-33-04711W5M Cardium Hz well lisc 04-02-04811W5M surface location Keyera Braz.N. 16-35; SA1930, SA1931 Keyera W.Pemb. 10-10 SA1925

Tie-in East to Daylight GGS at 15-33-047-11W5M.

Brazeau

Peter M

100/02-34-047-11W5M (01-03-048-11W5M)

Daylight

Cardium

100% Feb 24/2010 (5-15% GORR) 100.0% Aug 17/2010

licensed

Brazeau

Peter M

00/01-36-47-11W5 01-35-047-11W5M

Daylight

Cardium

need to field truth

New RTS issued Aug 17/2010. This replaces 04-36. We could not get surface for this Hz well so we will drill from the other side of the section from W to E.

Brazeau

Peter M

00/08-36-47-11W5 01-35-047-11W5M

Daylight

Cardium

100.0% Aug 17/2010

need to field truth

Keyera W.Pemb. New RTS issued Aug 17/2010. This replaces 04-36. We could not 10-10 get surface for this Hz well so we will drill from the other side of the SA1925 section from W to E. 07-02-04711W5M DAY GGS 05-06-04711W5M DAY GGS 04-03-04811W5M surface location 04-03-04811W5M surface location 12-11-04811W5M surface location 12-11-04811W5M surface location 03-32-04711W5M Keyera Braz.N. 16-35; SA1930, SA1931 Keyera Braz.N. 16-35; SA1930, SA1931 Keyera Braz.N. 16-35; SA1930, SA1931 Keyera Braz.N. 16-35; SA1930, SA1931 same proposed surface as 04-02-047-12W5M Cardium Hz.

Brazeau

exp July 10, 2011

Peter M

100/01-01-047-12W5M 01-02-047-12W5M

Daylight exp July 10, 2011 Daylight exp July 10, 2011 Daylight PetroBakkenn

Cardium

100% (5-15% GORR)

April 18/2011.

Helicoptered last week.

Brazeau

exp July 10, 2011

Peter M

100/04-01-047-12W5M 05-06-047-11W5M

Cardium

100% Jan 10/2011. SHOULD THIS BE DELETED (5-15% ?? GORR) 75% 25% April 20/2011 same pad as 03-33-04711W5M

same proposed surface as 01-06-047-11W5M Cardium Hz.

Brazeau

Peter M

100/14-04-048-11W5M 04-04-048-11W5M

Cardium

Brazeau

Peter M

100/16-04-048-11W5M (15-33-047-11W5M)

Daylight PetroBakkenn

Cardium

75% Feb 24/2010 25%

Licensed

licensed

Brazeau

Peter M

100/05-11-048-11W5M 05-12-048-11W5M

Daylight PetroBakkenn

Cardium

75% 25%

Sept 23/2010

Brazeau

Peter M

100/13-11-048-11W5M 13-12-048-11W5M

Daylight PetroBakkenn

Cardium

75% 25%

March 7/2011

Brazeau

must spud by Oct 1, 2011

Peter M

102/14-32-047-11W5M 15-29-047-11W5M

Daylight

Glauc

Brazeau

Peter M

00/16-31-47-11W5 01-31-047-11W5M

Daylight

Glauc

100% April Trying to get 2nd well, Glauc (FI on 20/2011 on this lease. We will have to Signalta drill this back to back in order 12.5%) for this to happen. 100.0% Mar 3/2011 need to field truth

received 6 month extension from Signalta to Oct 1/2011 for spud date.

Keyera W.Pemb. 10-10 SA1925 Tie-in is on site at 04-21.

Brazeau

Peter M

100/01-21-047-11W5 04-21-047-11W5

Daylight

Glauc

100.0%

April 06/2011

use existing 04-21 surface location

Brazeau

Peter M

100/01-24-047-11W5 01-25-047-11W5

Daylight

Glauc

100.0%

April 06/2011

New surface location.

Tie-in south to Daylight GGS at 16-24-047-11W5M.

Violet Grove

Peter M

13-26-048-09W5 09-26-048-09W5

Daylight

Glauc

100.0%

April 06/2011

Surface location 09-26 same surface as Rck Creek well 1626. Surface location 01-02 same surface as Rck Creek well 0202. 01-02 satellite

13-26 well is proposed to be tied into the same P/L as 16-26 Rock Creek well.

Violet Grove

Peter M

04-02-049-09W5 01-02-049-09W5

Daylight

Glauc

100.0%

April 06/2011

04-02 well is proposed to be tied into the 01-02 Satellite into the spare riser to utilize the spare separator on site.

Violet Grove

Jennifer B

104/14-31-048-08W5 04-06-049-08W5

Daylight

Cardium

80.00% Oct 19/2010 Tie in complete. Gas rate=310 e3m3/d, Condy rate=34.8m3/d, Water=3m3/d 100.0% Sept 30/2010 Surface location 09-02. Released for license. Waiting on Alberta Environment re: Borrow pit. Received final survey plans.

Violet Grove

Jennifer B

12-02-049-09W5 09-02-049-09W5

Daylight

Cardium

Pooling 06-06 pl riser Third Party tie-in Construction completed. On production. completed at 06-06 agreements sent battery to Conoco. location 01-02 12-02 well is proposed to be tied into the 01-02 Satellite into the satellite spare riser to utilize the spare separator on site. Holding application for Sec 02-049-09 to be submitted Nov 1. 13-02 existing pipeline riser 24-Jan-11 24-Feb-11 Suncor 1634 battery (soln gas) Suncor 1634 battery (soln gas) Suncor 1634 battery (soln gas) Well to be tied in at the existing 13-02 location.

Violet Grove

Jennifer B

06-10-049-09W5 13-02-049-09W5

Daylight

Cardium

100.0%

3-Mar-11

Minnehik

Jennifer B

00/01-02-044-05W5M (01-03-044-05)

Daylight Suncor

Cardium

35% 65%

13-Mar-10

Waiting on completions

Daylight farmed out 35% WI in 35-043-05W5 & 02-044-05-W5 to Anderson w/ rolling option. Anderson to pay drill, case completion to earn 70%WI. Daylight farmed out 35% WI in 35-043-05W5 & 02-044-05-W5 to Anderson w/ rolling option. Anderson to pay drill, case completion to earn 70%WI. Daylight farmed out 35% WI in 35-043-05W5 & 02-044-05-W5 to Anderson w/ rolling option. Anderson to pay drill, case completion to earn 70%WI.

Minnehik

Jennifer B

00/04-03-044-05W5M (01-03-044-05)

Daylight Suncor

Cardium

35% 65%

13-Mar-10

Surface casing set. Drilling at 1730mKB.

Wilson Creek

Jennifer B

00/16-35-043-05W5M (09-34-044-05W5M)

Daylight Suncor

Cardium

35% 65%

13-Mar-10

Farmed out. Anderson will pay drill, case, complete for 70%WI. Expected to drill after 04-03 well. Released for license (Drilling inventory list 2011)

Willesden Green

Jennifer B

02/03-24-042-09W5M (03-25-042-09W5M)

Daylight Enermark Inc. Timberrock

Cardium

39% 35% 26%

12-Mar-10

Devon 06-25 PL (soln gas)

Holding application to be submitted to ERCB May 4. Bellatrix going to Penn West to NE by yr-end.

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Page 2 of 26 Pages

Willesden Green

Jennifer B

00/01-24-042-09W5M (02-25-042-09W5M)

Daylight Enermark Inc. Timberrock

Cardium

39% 35% 26%

12-Mar-10

Licensed-(Drilling inventory Daylight Energy Ltd. list 2011) Operations Report

Devon 06-25 PL (soln gas)

Holding application to be submitted to ERCB May 4.

Confidential
Revised 4/18/2012, 11:29 PM

Pembina

Duane J

00/011-26-047-03W5M (01-34-47-3W5M)

West

Cardium

100.0%

licensed. On hold trying to farm out.

Paying compensatory Royalties to Canpar.

Pembina

Duane J

02/08-01-048-03W5M (01-02-48-3W5M)

West

Cardium

81.3%

Licensed, Constructed with 11-48-3

Dayligh 8-248-3

Paying compensatory Royalties to Encana. Pipeline surveyed and acquired. Pipeline being constructed to lease edge.

Pembina

Duane J

00/13-04-048-03W5M (13-03-48-3W5M)

Daylight

Cardium

36.7%

19-Oct-10

Compensation issues. Waiting on landowner who has Dean Mathison as lawyer

Daylight 5-348-3

Negotiating w Lawyer, ongoing

Pembina

Duane J

00/04-05-048-03W5M (05-04-47-3W5M)

West

Cardium

100.0% Dec 16/2010 Surveyed, need to acquire 56wks

Daylight 1333-47-3W5

Paying compensatory Royalties.

Pembina

Duane J

00/05-05-048-03W5M (05-04-47-3W5M)

West

Cardium

100.0% Dec 16/2010 Surveyed, need to acquire 56wks

Daylight 1333-47-3W5

Paying compensatory Royalties.

Pembina

Oct 11 Expiry (N1/2)

Duane J

00/09-16-048-05W5M (13-16-48-5W5M)

Daylight

Cardium

75.0% Oct 7/2010

Pembina

Duane J

00/05-19-048-05W5M (05-20-48-5W5M)

Daylight Sifton

Cardium

50% Jan 7/2011 50%

Trying to extend Spry's 12-17 lease. Wetlands need mitigation plan. Acquired, Alberta Enviro has application Received Final Plans. This is on Crown land, working on First Nations. Scouting. Prelim in.

Spry 13-1648-5

Need Albera Environment approval. Likely will not have in time for Oct. expiry. Predetermination March 1.

Baytex 13-1748-5

May need to justify why we are not using the Zargon lease 330 m North.

Pembina

Duane J

00/16-19-048-05W5M (09-24-48-6W5M)

Daylight Sifton

Cardium

50% Jan 7/2011 50%

on lease

Received Compressor approval Feb 25th. 4-19 will also flow into this line. Compression will start by March 10th.

Pembina

Aug 30 commit ment Aug 24 2011 Expiry

Duane J

00/13-34-048-06W5M (13-35-49-6W5M)

West

Cardium

100.0% Jan 21/2011 Pooled and Farmed in on Owl River, WO surface which plan will be
able to acquire.

Pooling and Farmin w/ Owl River. Potential farm-n with Owl. August 30th 2011 commitment. Location changed to 13-34-48-6W5. Need to amend holding.2 possible surface locations(working on both):A)surf 13-35 B) surf 16-33. 4-10-49-6 Pipeline being surveyed. D-56 going out for multiwell facility. Pipeline surveyed.Surf Ld needs to meet adjacent landowner re horses prior to spud and regarding
pipeline.

Pembina

Duane J

00/08-10-049-06W5M (12-10-49-6W5M)

West

Cardium

100.0%

August Expiry, Survey done,

Audit of land package completed. Waiting on Meeting with offset landowner

Pembina

Duane J

00/13-09-050-05W5M (13-04-50-5W5M)

Daylight

Cardium

100.0%

23-Apr-10

Ready to go to license. Waiting on 14-9 results. ON

HOLD

14-33-495W5

discussing w/ Eclipse

Farmin on Bounty, well must spud by Sept 30. Notifications sent out for downspacing July 7. Meeting landowners today.

Pembina

Aug 24 Expiry

Duane J

00/04-11-50-06W5M

Baccalieu

Ellerslie

50.0%

This is part of swap w/ Trioil. The location was previouslly licenced in 2008. 29-Oct-10 Surveyed, D-56 out and acquire.

Notice will need to be served to Baccalieu

Ellerslie location from an existing West location that has expired.

Pembina

Duane J

00/14-15-050-06W5M (14-10-50-6W5M)

Daylight

Cardium

100.0%

Gravel pit surface owner.

Pembina

Duane J

00/09-21-050-06W5M (09-20-50-6W5M)

Daylight

Cardium

100.0% Oct 7/2010

Pembina

Duane J

00/01-26-050-06W5M (01-27-50-6W5M)

Daylight

Cardium

100.0%

23-Apr-10

licensed. Pipeline released, issue of multiwell battery. Daylight to set up meeting with landowner Licensed on hold pending 1326 results.

5-28

Pipeline surveyed to 5-28, landowner signed, w.o. 3rd parties. Surface land to set up a mtg residents on Multiwell applic. Need a holding already 2
wells in quarter.

1-27 on site tie-in

Yes, advise Altagas when gas comes on (ml)

Need Multi-well battery.

Pembina

Duane J

00/07-29-050-06W5M (9- Daylight 20-50-6W5M) Baccalieu

Cardium

66.67% 33.33%

20-Apr-10

Licensed, Waiting on 8-29. Multiwell issue. Daylight to set up meeting with landowner. final survey in. Land owners signed, waiting on 3rd parties. W.O. Crown EFR. Offset landowner issue Licensed, NE 15 has expired need to change BH if we drill. Pipeline acquired.ON HOLDMORICHAEL DEAL

9-20 on site tie-in

Holding application submitted to ERCB June 1.

Pembina

Pembina

NE 26 Expires Mar 9, 2011 Jan 13, 2011 expiry

Duane J

00/09-26-049-05W5M (09-35-49-5W5M)

Daylight

Cardium

100.0%

Eclipse 8-3549-5

Morichal/Eclipse, Re-locate from04-34.

Duane J

00/15-28-49-05W5M (01- Daylight 04-50-5W5M)

Cardium

100.0%

Eclipse 2-450-5

Morichal/Eclipse, January 13, 2011 expiry. Need to move Buck Mountain Co-op line, north edge of lease. Pipeline surveyed. Lands expired need to change Down Hole Location Morichal/Eclipse, needing holding for SE/4 of section 2, Need approval from royalty owner to pool. Pipeline surveyed.

Pembina

Duane J

00/15-02-050-05W5M (09-35-49-5W5M)

Daylight

Cardium

100.0%

final survey in. Land owners signed, waiting on 3rd parties. D-56 Expires Dec. 14.ON HOLDMORICHAEL DEAL

Eclipse 8-3549-5

Pembina

Duane J

00/13-03-050-05W5M (13-34-49-5W5M)

Daylight

Cardium

100.0%

Pembina

June 29 2011 Expiry

Duane J

00/14-10-050-05W5M (14-3-50-5W5M)

Daylight

Cardium

100.0%

Pembina

Duane J

102/16-35-49-7W5 (15- Daylight 35-49-7W5)

Nisku

100.0%

Finals in. preparing docs. Acquired, need to correct docs.ON HOLD-MORICHAEL DEAL Received section 17, June 2011 expiry. Final plans in. Acquired. W.O 3rd parties.Location On hold RTS Circulating to scout surface location for Nisku. Rocky Rapids. RTS Circulating to scout surface location for Nisku.

Eclipse 13-3449-5

Morichal/Eclipse

Eclipse 14-350-5

Morichal/Eclipse, re-locate from04-34.

Section 8(1)(h) until October 31, 2011. Pipeline has been scouted to 16-5-50-6W5 pad. Scout to Easyford

Pembina

Nov 30 2011 Expiry

Duane J

102/04-01-50-7W5 (15- Daylight 35-49-7W5)

Nisku

62.5%

Section 8(1)(h) until October 31, 2011. Pipeline has been scouted to 16-5-50-6W5 pad. Scout to Easyford

Pembina

Duane J

12-4-50-6W5 (16-05-50- Daylight 6W5)

Nisku

95.0%

Requires ERCB Hearing

13-2-50-6W5

Pipeline D-56 done, land acquired and surveyed.

Pembina

Duane J

1-7-50-6W5

Daylight

Nisku

75.0%

Requires ERCB Hearing

16-5

Pipeline D-56 done, land acquired and surveyed.

Pembina

Aug 24 2011 Expiry Aug 24 2011 Expiry Dec 10, 2011 Expiry

Duane J

100/15-10-50-6W5 (13- Daylight 11-50-6W5)

Nisku

100.0%

RTS Circulating to scout surface location for Nisku.

13-11-506W5 pad

Scout pipeline to 13-11-50-6W5 pad. Section 17 until Aug. 24, 2011

Pembina

Duane J

102/04-22-50-6W5 (SE/4-21-50-6W5)

Daylight

Nisku

100.0%

RTS Circulating to scout surface location for Nisku.

Daylight 4-2750-6 pad

Scout pipeline to 4-27-50-6W5 pad.

Pembina

Duane J

100/11-23-50-6W5 (127-50-6W5)

Daylight

Nisku

60.0%

RTS Circulating to scout surface location for Nisku.

Daylight 4-2750-6 pad

Scout pipeline to 4-27-50-6W5 pad. Section 17 until Dec. 15, 2011

PembinaWarburg

Megan M

00/05-21-047-03W5M (04-22-047-03W5M)

Daylight

93.8% September 22/2010

released for license

04-22-04703W5

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Page 3 of 26 Pages

PembinaWarburg

Megan M

00/04-21-047-03W5M (04-22-047-03W5M)

Daylight

93.8% September 22/2010

Licensed. Waiting on Partner Daylight Energy Ltd. approval. Operations Report

04-22-04703W5

Confidential
Revised 4/18/2012, 11:29 PM

PembinaWarburg

Megan M

00/13-16-047-03W5M (12-15-047-03W5M)

Daylight

93.8% September 22/2010

released for license

04-22-04703W5

PembinaWarburg

Megan M

00/12-16-047-03W5M (12-15-047-03W5M)

Daylight

93.8% September 22/2010

licensed. Waiting on partner approval. Construction complete Replaces 02/10-21 well. Received Final plans

04-22-04703W5

Priority Warburg Location

PembinaWarburg

Megan M

00/11-22-047-03W5M (11-21-047-03W5M)

Daylight

93.8% Jan19/2011

04-22-04703W5

PembinaWarburg

Megan M

00/14-22-047-03W5M (11-21-047-03W5M)

Daylight

93.8% Jan 19/2011

Replaces 15-21 well. Received final plans.

04-22-04703W5

PembinaWarburg

Megan M

00/07-26-047-03W5M (08-23-047-03W5M)

Daylight

93.8%

December 14/2010

land in 09-23. Received Final Plans.

04-22-04703W5

PembinaWarburg

Megan M

00/05-35-047-03W5M (06-27-047-03W5M)

Daylight

93.8%

December 14/2010

realigning surface location

04-22-04703W5

PembinaWarburg

Megan M

00/03-35-047-03W5M (6- Daylight 27-047-03W5M)

93.8%

December 14/2010

realigning surface location

04-22-04703W5

PembinaWarburg

Megan M

00/03-11-047-03W5M (01-14-047-03W5M)

Daylight

59.0%

December 14/2010

Land at 16-11. Re align surface location.

04-22-04703W5

Operated Completions Operated Recompletions

Operated Workovers

Operated Abandonments
Priority Area Area Exploitation Engineer Bottom hole Location (surface location) Partners WI% 100.0% received Permit. Not Economic will not construct at this time. Request to Survey Comments Notice Served Notice Due Comment s Tie-in Point 16-14-05006W5M Cardium sweet oil gathering system tie-in to Crossfire Battery. Production and Facilities to sit down and go through AFE estimate prior to issueing the AFE. Losey has sent the ERCB a letter of concern. Tie-in of our sour Nisku well at 09-21-050-06W5M. It will follow the same routing as our existing lines will for the Cardium. Need to reissue D-56. ERCB will allow 4-27 to be a sour satellite and a sweet battery. Third Party tie-in Tie into pipeline. Waiting on land. Estimated on stream end of agreements sent March. to Conoco. Cardium sweet oil gathering system tie-in to Crossfire Battery. Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into pipeline. Waiting on land. Estimated on stream end of March. Cardium sweet oil gathering system tie-in to Crossfire Battery. Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into pipeline. Waiting on land. Estimated on stream end of March. Mineral Land Exploitation JV Agreements in place Comments Comments Comments

Operated Tie-ins
Pembina DJ 06-23-050-06W5M to 16- Daylight 14-050-06W5M

Pembina

DJ

09-21-050-06W5M (04- Daylight 27 surf) to 16-14-05006W5M 104/14-31-048-08W5 04-06-049-08W5 Daylight

100.0%

Land released March 4. Permit is in at the board, nonroutine. Fuel line approved. Construction completed, handed over to operations

16-14-05006W5M

Violet Grove

JB

80.00% Oct 19/2010

PembinaWarburg

MM

12-15-047-03W5 to 0422-047-03W5

Daylight

Wk of Feb 21/2010

final package received. Audit completed.

Operated Facilities
Brazeau JB 09-34-047-11W5 Daylight 100.0% Brazeau pipeline flow reversal. Part A-Completed. Initiated Part B. Pipeline (line loop) completed. Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 to 04-21). Pipeline flow reversal project. Part A construction in progress. land Acquiring for pipeline line loop (15-09 to 04-21). Daylight 100.0% Compressor moved to 12-12. Construction on hold. Compressor to be installed to handle solution gas from Cardium wells and Rock Creek wells. Production will go to Blaze Gas Plant. Compressor to be installed to handle solution gas from Cardium Install wells 3000meters of 4" pipeline and 3" fuel gas pipeline to bring Pipeline flow reversal project. Part A construction in progress. land Acquiring for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium Install wells 3000meters of 4" pipeline and 3" fuel gas pipeline to bring

Brazeau

JB

15-09-047-11W5 to 0421-047-11W5M

Daylight

100.0%

Acquiring land for pipeline line loop (15-09 to 04-21).

Brazeau

12-12-048-10W5

Brazeau

12-34-047-11W5

Daylight

100.0%

Pipeline interconnect. Construction on hold.

Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring to bring emulsion from 07-05, 12-05, 16-36, 12-36, 13-36 wells from the 12-31-47-10W5 location to 10-26-47-11W5 location.

Brazeau

08-21-047-11W5

Daylight

100.0%

SWB and Tie-in. Kick off Mar 14/2011 and ten days to construct. Construction completed. Handed over to operations.

Brazeau

06-29-47-11W5

Daylight

100.0%

Brazeau

05-27-47-11W5

Daylight

100.0%

Construction in progress. Estimated to be complete end of March 25. Booster compressor install. On hold.

300HP compressor install c/w blowcase.

300HP compressor install c/w blowcase. 300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

300HP compressor install c/w blowcase. 300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

Brazeau

12-31-47-11W5

Daylight

100.0%

300HP compressor install c/w blowcase.

Easyford

PM/ED

13-34-049-08W5M

Daylight

100.0%

Violet Grove

MW

16-29-048-09W5M

Daylight

100.0%

Easyford line heater install. Notificationd should go out this wk 700m radius. Received objection, submit non-routine this wk or next. Butane blending project and trucked in unloading facilities. Should start up March 15/2011. Battery upgrade - Group Sep. Possible Butane Blending. Recylinder the 8-7 comp.

D-56 out to Broker, notifications should go out this week. Land gathering chronology for release for license.

Reviewing if we can relicense pipelines to higher H2S. Reviewing if we can relicense pipelines to higherpipelines to higher H2S. Reviewing if we can relicense H2S.

Crossfire

DJ

13-02-50-6W5

Daylight

100.0%

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Page 4 of 26 Pages

Updated to: 25-Apr-2011 EAST - 2011 Active Well list

Area Rank Expiry Engineer Drilling Pad

Pembina Glauconitic

Exploitation Surface Location # Wells per Pad (#Drilled) 3 0 2 0 Bottom hole Location (surface location) Partners 100/04-33-047-11W5M 04-04-048-11W5M 102/14-32-047-11W5M 15-29-047-11W5M Daylight Daylight Zone Glauc Glauc WI% 100.0% April 06/2011 Trying to get 2nd well, Glauc on to lease. well, Glauc 100% April 20/2011 Tryingthisget 2ndCurrently (FI on on this lease. We will have to Signalta drill this back to back in order 12.5%) for this to happen. 100.0% Mar 3/2011 need to field truth Request to Survey Comments Notice Served

Mineral Land

Exploitation

JV Agreements in place Comments

Gross Forcasted Production Initial Prod (bbl/d or mmcf/d) 6 Mo Prod (bbl/d or mmcf/d)

Comments Notice Due Tie-in Point 03-32-04711W5M 03-32-04711W5M

Operated Drills
1 1 must spud by Oct 1, 2011 Peter M Peter M 04-04-048-11W5M 15-29-047-11W5M received 6 month extension from Signalta to Oct 1/2011 for spud date.

Peter M 1 Peter M 1 Peter M 1

15-30-047-11W5M

5 0

00/16-31-47-11W5 15-30-047-11W5M

Daylight

Glauc

Keyera W.Pemb. 10-10 SA1925 Tie-in south to Daylight GGS at 16-24-047-11W5M.

01-25-047-11W5

1 0

100/01-24-047-11W5 01-25-047-11W5

Daylight

Glauc

100.0% April 06/2011

New surface location.

04-21-047-11W5

2 1

100/01-21-047-11W5 04-21-047-11W5

Daylight

Glauc

100.0% April 06/2011

use existing 04-21 surface location

Tie-in is on site at 04-21.

Peter M 1 Peter M 1

09-26-048-09W5

2 1

13-26-048-09W5 09-26-048-09W5

Daylight

Glauc

100.0% April 06/2011 Surface location 09-26 same surface as Rck Creek well 1626. 100.0% April 06/2011 Surface location 01-02 same surface as Rck Creek well 0202. 01-02 satellite

13-26 well is proposed to be tied into the same P/L as 16-26 Rock Creek well.

01-02-049-09W5

2 1

04-02-049-09W5 01-02-049-09W5

Daylight

Glauc

04-02 well is proposed to be tied into the 01-02 Satellite into the spare riser to utilize the spare separator on site.

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Updated to: 25-Apr-2011 EAST - 2011 Active Well list

Area Rank Expiry Engineer Drilling Pad

BRAZEAU CARDIUM

Gross Forcasted Production Exploitation # Wells per Pad (#Drilled) 0 5 Bottom hole Location (surface location) Partners 100/03-31-046-10W5M 01-06-047-10W5M Daylight Taqa Zone Cardium WI% 65% 35% April 20/2011 5 Potential locations from this site. 4 potential locations from this site. Constructed Request to Comments Survey Mineral Land Comments Notice Due Exploitation JV Agreements in place Tie-in Point DAY GGS just to the eat of this surf location Other potential locations are 02 and 04-31, 04-06047-10W5M, and 13-05047-10W5M (see attached sketch ) will 13-14-046-11W5M come from the same pad. Lidar Oct 12/2010 Comments Initial Prod (bbl/d or mmcf/d) 6 Mo Prod (bbl/d or mmcf/d)

Surface Location

Notice Served

Operated Drills 1

Peter M

01-06-047-10W5M

Peter M

14-11-046-11W5M

0 4

100/04-11-046-11W5M 14-11-046-11W5M

Daylight

Cardium

100.0%

Mar 23/2011

exp May, 2012

Peter M

14-11-046-11W5M

0 4

100/13-14-046-11W5M 14-11-046-11W5M

Daylight

Cardium

100.0%

Sept 23/2010

10-15-046-11W5M

Peter M

08-28-046-11W5M

1 2

100/01-27-046-11W5M 08-28-046-11W5M

Daylight Conoco

Cardium

50% 50%

Sept 23/2010

Peter M

01-29-046-11W5M

0 2

00/01-28-046-11W5M 01-29-046-11W5M

Daylight

Cardium

100% (2% GORR) 75% 25%

Sept 17/2010

Peter M

01-29-046-11W5M

0 2

00/04-29-046-11W5M 01-29-046-11W5M

Daylight Mancal

Cardium

Sept 17/2010

drill delayed due to budget

Peter M

15-30-046-11W5M

0 4

100/01-30-046-11W5M 15-30-046-11W5M

Daylight Mancal

Cardium

75% 25%

Sept 23/2010

Peter M

15-30-046-11W5M

0 4

100/02-30-046-11W5M 15-30-046-11W5M

Daylight Mancal

Cardium

75% 25%

n/a

Waiting until 16-Feb-11 18-Mar-11 after break up to complete. Mitigation complete, amending Conocco access road Mitigation complete, amending Conocco access Auditingroad 14-Feb-11 16-Mar-11 package and go to license next week. Constructed

05-27-046-11W5M

licensed

same surface as 01-28046-11W5M 01-36-046-12W5M liscensed, 4 potential wells from this location; need to do RTS. 4 potential wells from this location

Peter M

15-30-046-11W5M

0 4

100/15-31-046-11W5M 15-30-046-11W5M

Daylight

Cardium

100.0%

March 07/2011

RTS to be released by land today RTS to be released by land today 5 Potential locations from this site. 5 Potential locations from this site. 4 potential locations from this site 5 Potential locations from this site.

01-31 or 15-30-04612W5M

4 potential wells from this location

Peter M

15-30-046-11W5M

0 4

100/16-31-046-11W5M 15-30-046-11W5M

Daylight

Cardium

100.0%

March 07/2011

01-31 or 15-30-04612W5M

4 potential wells from this location

Peter M

01-06-047-10W5M

0 5

100/13-05-047-10W5M 01-06-047-11W5M

Daylight Baytex PetroBakken Daylight Taqa Triple C Daylight

Cardium

40% 30% 30% 48.5% 48.5% 3.0% 100.0%

April 20/2011

DAY GGS just to the eat of this surf location DAY GGS just to the eat of this surf location DAY GGS just to the eat of this surf location 03-06-047-10W5M

Peter M

01-06-047-10W5M

0 5

100/04-06-047-10W5M 01-06-047-10W5M

Cardium

April 20/2011

Peter M

01-12-047-11W5M

0 5

100/01-07-047-10W5M 01-12-047-11W5M

Cardium

March 22/2011

Other potential locations are 02, 03 and 04-31, and 04-06-047-10W5M (see attached sketch ) Other potential locations are 02, 03 and 04-31, and 13-05-047-10W5M (see attached sketch ) Survey for 4 locations. Additonal wells from this site would be 08-07, 0412 and 08-12-47-11W5M

Peter M

01-12-047-11W5M

0 5

100/01-01-047-11W5M 01-12-047-11W5M

Daylight

Cardium

100.0%

April 21/2011

Peter M

01-04-047-11W5M

1 4

100/15-04-047-11W5M 01-04-047-11W5M

Daylight

Cardium

100.0%

n/a

03-06-047-10W5M

Peter M

01-04-047-11W5M

1 4

100/16-04-047-11W5M 01-04-047-11W5M

Daylight

Cardium

100.0%

March 23/2011.

03-06-047-10W5M

drilled from same site as existing well at 03-33046-11W5M. Need to do RTS. drilled from same site as existing well at 03-33046-11W5M Tie-in to DAY GGS which runs through NE corner of Lsd 01-12; potential for 04-12 to drilled from this site and 01-07-47-10 received 6 month extension from Signalta to Oct 1/2011 for spud date. Drilling Glauc Hz from here too.
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Peter M

01-12-047-11W5M

0 5

100/05-12-047-11W5M 01-12-047-11W5M

Daylight

Cardium

100.0%

March 23/2011

must spud by Oct 1, 2011

Peter M

15-29-047-11W5M

100/14-32-047-11W5M 15-29-047-11W5M

Daylight

Cardium

100% (FI on Signalta 12.5%)

Sept 23/2010

Currently surveying, in drafting. Waiting on Crown if we

03-32-047-11W5M

Peter M

01-35-047-11W5M

0 2

00/01-36-47-11W5 01-35-047-11W5M

Daylight

Cardium

100.0%

Aug 17/2010

need to field truth

Keyera W.Pemb. 1010 SA1925 Keyera W.Pemb. 1010 SA1925

Peter M

01-35-047-11W5M

0 2

00/08-36-47-11W5 01-35-047-11W5M

Daylight

Cardium

100.0%

Aug 17/2010

need to field truth

New RTS issued Aug 17/2010. This replaces 04-36. We could not get surface for this Hz well so we will drill from the New RTS issued Aug

Peter M

05-12-048-11W5M

100/05-11-048-11W5M 05-12-048-11W5M

Daylight Cardium PetroBakkenn

75% 25%

Sept 23/2010

Peter M

13-12-048-11W5M

100/13-11-048-11W5M 13-12-048-11W5M

Daylight Cardium PetroBakkenn

75% 25%

March 7/2011

17/2010. This replaces 04-36. We could not get surface for this Hz well 12-11-048-11W5M Keyera Braz.N. so we will drill from the licensed surface location 16-35; SA1930, SA1931 12-11-048-11W5M Keyera Braz.N. surface location 16-35; SA1930, SA1931

Operated Completions Operated Recompletions

Operated Workovers

Operated Abandonments Priority Area Area Exploitation Engineer Bottom hole Location (surface location) Partners Operated Tie-ins Pembina DJ 06-23-050-06W5M to 16- Daylight 14-050-06W5M WI% 100.0% received Permit. Not Economic will not construct at Land released March 4. Permit is in at the board, Construction completed, handed over to operations Request to Comments Survey Mineral Land Notice Served Notice Due Exploitation JV Agreements in place Comments Tie-in Point 16-14-050-06W5M Cardium sweet oil gathering system tie-in to Crossfire Battery. Production and Facilities to sit down and go 16-14-050-06W5M Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same routing as our Third Party tie- existing pipeline. for the Tie into lines will Waiting in agreements on land. Estimated on sent to stream end of March. Conoco. Cardium sweet oil gathering system tie-in to Crossfire Battery. Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into pipeline. Waiting on land. Estimated on stream end of March. Cardium sweet oil gathering system tie-in to Crossfire Battery. Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into pipeline. Waiting on land. Estimated on stream end of March. Comments Comments Comments

Pembina

DJ

09-21-050-06W5M (0427 surf) to 16-14-05006W5M 104/14-31-048-08W5 04-06-049-08W5

Daylight

100.0%

Violet Grove

JB

Daylight

80.00%

Oct 19/2010

PembinaWarburg

MM

12-15-047-03W5 to 0422-047-03W5

Daylight

Wk of Feb 21/2010

final package received. Audit completed. Brazeau pipeline flow reversal. Part ACompleted. Pipeline (line loop) completed. Compressor moved to 1212. Construction on hold. Pipeline interconnect. Construction on hold. SWB and Tie-in. Kick off Mar 14/2011 and ten days to Construction completed. Handed over to operations. Construction in progress. Estimated to be complete end of Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 Acquiring land for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium wells and Rock Creek wells. Production Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring to bring emulsion from 07-05, 1205, 16-36, 12-36, 13-36

Operated Facilities Brazeau

JB

09-34-047-11W5

Daylight

100.0%

Brazeau

JB

15-09-047-11W5 to 0421-047-11W5M

Daylight

100.0%

Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium wells Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring

Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium wells Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring

Brazeau

12-12-048-10W5

Daylight

100.0%

Brazeau

12-34-047-11W5

Daylight

100.0%

Brazeau

08-21-047-11W5

Daylight

100.0%

Brazeau

06-29-47-11W5

Daylight

100.0%

Brazeau

05-27-47-11W5

Daylight

100.0%

300HP compressor install c/w blowcase.

300HP compressor install c/w blowcase.

300HP compressor install c/w blowcase.

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Brazeau

12-31-47-11W5

Daylight

100.0%

Booster compressor install. On hold. Easyford line heater install. Notificationd should go out this wk Butane blending project and trucked in unloading Battery upgrade Group Sep. Possible Butane Blending. Recylinder the 8-7 comp.

300HP compressor install c/w blowcase.

300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

Easyford

PM/ED

13-34-049-08W5M

Daylight

100.0%

D-56 out to Broker, notifications should go out this week. Land gathering chronology for release for license.

Violet Grove

MW

16-29-048-09W5M

Daylight

100.0%

Reviewing if we can relicense pipelines to can relicense we can relicense pipelines to higher H2S. Reviewing if we higher H2S.if pipelines to higher H2S. Reviewing

Crossfire

DJ

13-02-50-6W5

Daylight

100.0%

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Updated to: 25-Apr-2011 EAST - 2011 Active Well list

Area Rank Expiry Engineer Drilling Pad

PEMBINA EAST CARDIUM

Gross Forcasted Production Exploitation # Wells per Pad (#Drilled) 2 Bottom hole Location (surface location) Partners 00/09-16-048-05W5M (13-16-48-5W5M) Daylight Zone Cardium WI% 75.0% Oct 7/2010 Trying to extend Spry's 12-17 lease. Wetlands need 50% Jan 7/2011 mitigation Received 50% Final Plans. This is on Crown land, 50% Jan 7/2011 working on Scouting. 50% Prelim in. Request to Comments Survey Mineral Land Comments Notice Due Exploitation JV Agreements in place Tie-in Point Spry 13-16-48-5 Need Albera Environment approval. Likely will not have in time for Oct. expiry. Predetermination sent in March 1. May need to justify why we are not using the Zargon lease 330 m North. Comments Initial Prod (bbl/d or mmcf/d) 6 Mo Prod (bbl/d or mmcf/d)

Surface Location

Notice Served

Operated Drills 1 Oct 11 Expiry (N1/2)

Duane J

13-16-48-5

Duane J

5-20-48-5

00/05-19-048-05W5M (05-20-48-5W5M)

Daylight Sifton

Cardium

Baytex 13-17-48-5

Duane J

9-24-48-5

2 (1)

00/16-19-048-05W5M (09-24-48-6W5M)

Daylight Sifton

Cardium

on lease

Aug 30 commitme nt

Duane J

16-33-48-6

00/16-34-048-06W5M (16-33-49-6W5M)

West

Cardium

100.0%

Jan 21/2011

Pooled and Farmed in on Owl River, WO

surface which plan will be able to acquire.

Pooling and Farmin w/ Owl River. August 30th 2011 commitment. Location changed to 1634-48-6W5. 4-10-49-6 Pipeline being surveyed. D-56 going out for multiwell facility. Pipeline surveyed.Surf Ld needs to meet adjacent landowner re horses prior to spud.

Aug 24 2011 Expiry

Duane J

12-10-49-6

2 (1)

00/08-10-049-06W5M (12-10-49-6W5M)

West

Cardium

100.0%

August Expiry, Survey done, Audit of

land package completed. Waiting on Meeting with

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Operated Completions Operated Recompletions

Operated Workovers

Operated Abandonments Priority Area Area Exploitation Engineer Bottom hole Location (surface location) Partners Operated Tie-ins Pembina DJ 06-23-050-06W5M to 16- Daylight 14-050-06W5M WI% 100.0% received Permit. Not Economic will not construct at Request to Comments Survey Mineral Land Notice Served Notice Due Exploitation JV Agreements in place Comments Tie-in Point 16-14-050-06W5M Cardium sweet oil Cardium sweet Cardium sweet gathering system tie-in to oil gathering oil gathering Crossfire Battery. system tie-in to system tie-in to Production and Facilities Crossfire Crossfire to sit down and go Battery. Battery. \\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office Comments Comments Comments

Pembina

DJ

09-21-050-06W5M (0427 surf) to 16-14-05006W5M 104/14-31-048-08W5 04-06-049-08W5

Daylight

100.0%

Violet Grove

JB

Daylight

80.00%

Oct 19/2010

Land released March 4. Permit is in at the board, Construction completed, handed over to operations

16-14-050-06W5M

Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same routing as our Third Party tie- existing pipeline. for the Tie into lines will in agreements Waiting on land. sent to Estimated on stream end Conoco. of March.

PembinaWarburg

MM

12-15-047-03W5 to 0422-047-03W5

Daylight

Wk of Feb 21/2010

final package received. Audit completed. Brazeau pipeline flow reversal. Part ACompleted. Pipeline (line loop) completed. Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 Acquiring land for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium wells and Rock Creek 3000meters of 4" Install wells. Production pipeline and 3" fuel gas pipeline to bring to bring emulsion from 07-05, 1205, 16-36, 12-36, 13-36

Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into pipeline. Waiting on land. Estimated on stream end of March.

Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into pipeline. Waiting on land. Estimated on stream end of March.

Operated Facilities Brazeau

JB

09-34-047-11W5

Daylight

100.0%

Brazeau

JB

15-09-047-11W5 to 0421-047-11W5M

Daylight

100.0%

Pipeline flow reversal project. Part A construction in progress. land Acquiring

Pipeline flow reversal project. Part A construction in progress. land Acquiring

for pipeline line for pipeline line loop (15-09 to loop (15-09 to 04-21). 04-21). Compressor to be installed to handle solution gas from Cardium wells Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring Compressor to be installed to handle solution gas from Cardium wells Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring

Brazeau

12-12-048-10W5

Daylight

100.0%

Brazeau

12-34-047-11W5

Daylight

100.0%

Compressor moved to 1212. Construction on hold. Pipeline interconnect. Construction on hold.

Brazeau

08-21-047-11W5

Daylight

100.0%

Brazeau

06-29-47-11W5

Daylight

100.0%

SWB and Tie-in. Kick off Mar 14/2011 and ten days to Construction completed. Handed over to operations. Construction in progress. Estimated to be complete end of Booster compressor install. On hold.

Brazeau

05-27-47-11W5

Daylight

100.0%

300HP compressor install c/w blowcase.

300HP compressor install c/w blowcase. 300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

300HP compressor install c/w blowcase. 300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

Brazeau

12-31-47-11W5

Daylight

100.0%

300HP compressor install c/w blowcase.

Easyford

PM/ED

13-34-049-08W5M

Daylight

100.0%

Violet Grove

MW

16-29-048-09W5M

Daylight

100.0%

Easyford line heater install. Notificationd should go out this wk Butane blending project and trucked in unloading Battery upgrade Group Sep. Possible Butane Blending. Recylinder the 8-7 comp.

D-56 out to Broker, notifications should go out this week. Land gathering chronology for release for license.

Reviewing if we can relicense pipelines tocan relicense we can relicense pipelines to higher H2S. Reviewing if we Reviewing if pipelines to higher H2S. higher H2S.

Crossfire

DJ

13-02-50-6W5

Daylight

100.0%

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Updated to: 25-Apr-2011 EAST - 2011 Active Well list

Area Rank Expiry Engineer Drilling Pad

TOMAHAWK CARDIUM

Gross Forcasted Production Exploitation # Wells per Pad (#Drilled) 2 (1) Bottom hole Location (surface location) Partners 00/13-09-050-05W5M (13-04-50-5W5M) Daylight Zone Cardium WI% 100.0% 23-Apr-10 Ready to go to license. Waiting on 14-9 results. ON This HOLD is part of swap w/ Trioil. The location was previouslly Surveyed, D56 out and acquire. licensed. Pipeline released, issue of multiwell Licensed on hold pending 13-26 results. Licensed, Waiting on 829. Multiwell issue. Daylight to final survey in. Land owners signed, waiting on Licensed, NE 15 has expired need to change BH if we final survey in. Land owners signed, waiting in. Finals on preparing docs. Acquired, need to Received section 17, June 2011 expiry. Final plans in. Request to Comments Survey Mineral Land Comments Notice Due Exploitation JV Agreements in place Tie-in Point 14-33-49-5W5 discussing w/ Pending results of the 14Eclipse 09 well, Farmin on Bounty. Ellerslie location from an existing West location that has expired. Gravel pit surface owner. Preparing docs for revised surveyed. 5-28 Pipeline surveyed to 528, landowner signed, w.o. 3rd parties. Surface land to set up a mtg residents on Multiwellof the 13Pending results applic. 26 well Comments Initial Prod (bbl/d or mmcf/d) 6 Mo Prod (bbl/d or mmcf/d)

Surface Location

Notice Served

Operated Drills 3

Duane J

13-4-50-5

1 Aug 24 Expiry

Duane J

4-11-50-6

00/04-11-50-06W5M

Baccalieu

Ellerslie

50.0%

Notice will need to be served to Baccalieu

Duane J

14-10-50-6

00/14-15-050-06W5M (14-10-50-6W5M)

Daylight

Cardium

100.0% 29-Oct-10

Duane J

9-20-50-6

3 (1)

00/09-21-050-06W5M (09-20-50-6W5M)

Daylight

Cardium

100.0% Oct 7/2010

Duane J

1-27-50-6

2 (1)

00/01-26-050-06W5M (01-27-50-6W5M)

Daylight

Cardium

100.0% 23-Apr-10

1-27 on site tie-in

Yes, advise Altagas when gas comes on (ml)

Duane J

9-20-50-6

3 (1)

00/07-29-050-06W5M (9- Daylight 20-50-6W5M) Baccalieu

Cardium

66.67% 20-Apr-10 33.33%

9-20 on site tie-in

Holding application submitted to ERCB June 1. Morichal/Eclipse, Relocate from04-34.

NE 26 Expires Mar 9, 2011 Jan 13, 2011 expiry

Duane J

9-35-49-5

00/09-26-049-05W5M (09-35-49-5W5M)

Daylight

Cardium

100.0% Oct 7/2010

Eclipse 8-35-49-5

Duane J

1-4-50-5

00/15-28-49-05W5M (01- Daylight 04-50-5W5M)

Cardium

100.0%

Oct 14/2010

Eclipse 2-4-50-5

Duane J

9-35-49-5

00/15-02-050-05W5M (09-35-49-5W5M)

Daylight

Cardium

100.0% Oct 7/2010

Eclipse 8-35-49-5

Duane J

13-34-49-5

00/13-03-050-05W5M (13-34-49-5W5M)

Daylight

Cardium

100.0% Oct 7/2010

Eclipse 13-34-49-5

Morichal/Eclipse, January 13, 2011 expiry. Need to move Buck Mountain Co-op line, north edge of lease. Morichal/Eclipse, needing holding for SE/4 of section 2, Need approval from royalty owner to pool. Pipeline Morichal/Eclipse

June 29 2011 Expiry

Duane J

14-3-50-5

00/14-10-050-05W5M (14-3-50-5W5M)

Daylight

Cardium

100.0%

Oct 29/2010

Eclipse 14-3-50-5

Morichal/Eclipse, relocate from04-34.

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Operated Completions Operated Recompletions

Operated Workovers

Operated Abandonments Priority Area Area Exploitation Engineer Bottom hole Location (surface location) Partners Operated Tie-ins Pembina DJ 06-23-050-06W5M to 16- Daylight 14-050-06W5M WI% 100.0% received Permit. Not Economic will not construct at Land released March 4. Permit is in at the board, Construction completed, handed over to operations Request to Comments Survey Mineral Land Notice Served Notice Due Exploitation JV Agreements in place Comments Tie-in Point 16-14-050-06W5M Cardium sweet oil gathering system tie-in to Crossfire Battery. Production and Facilities to sit down and go 16-14-050-06W5M Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same routing as our Third Party tie- existing pipeline. for the Tie into lines will in agreements Waiting on land. sent to Estimated on stream end Conoco. of March. Cardium sweet oil gathering system tie-in to Crossfire Battery. Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into Cardium sweet oil gathering system tie-in to Crossfire Battery. Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into Comments Comments Comments

Pembina

DJ

09-21-050-06W5M (0427 surf) to 16-14-05006W5M 104/14-31-048-08W5 04-06-049-08W5

Daylight

100.0%

Violet Grove

JB

Daylight

80.00%

Oct 19/2010

pipeline. pipeline. Waiting on Waiting on land. land. Estimated on Estimated on stream end of stream end of \\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office March. March.

PembinaWarburg

MM

12-15-047-03W5 to 0422-047-03W5

Daylight

Wk of Feb 21/2010

final package received. Audit completed. Brazeau pipeline flow reversal. Part ACompleted. Pipeline (line loop) completed. Compressor moved to 1212. Construction on hold. Pipeline interconnect. Construction on hold. SWB and Tie-in. Kick off Mar 14/2011 and ten days to Construction completed. Handed over to operations. Construction in progress. Estimated to be complete end of March Booster compressor install. On hold. Easyford line heater install. Notificationd should go out this wk Butane blending project and trucked in unloading Battery upgrade Group Sep. Possible Butane Blending. Recylinder the 8-7 comp. Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 Acquiring land for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium wells and Rock Creek wells. Production Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring to bring emulsion from 07-05, 1205, 16-36, 12-36, 13-36 Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium wells Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium wells Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring

Operated Facilities Brazeau

JB

09-34-047-11W5

Daylight

100.0%

Brazeau

JB

15-09-047-11W5 to 0421-047-11W5M

Daylight

100.0%

Brazeau

12-12-048-10W5

Daylight

100.0%

Brazeau

12-34-047-11W5

Daylight

100.0%

Brazeau

08-21-047-11W5

Daylight

100.0%

Brazeau

06-29-47-11W5

Daylight

100.0%

Brazeau

05-27-47-11W5

Daylight

100.0%

300HP compressor install c/w blowcase.

300HP compressor install c/w blowcase. 300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

300HP compressor install c/w blowcase. 300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

Brazeau

12-31-47-11W5

Daylight

100.0%

300HP compressor install c/w blowcase.

Easyford

PM/ED

13-34-049-08W5M

Daylight

100.0%

D-56 out to Broker, notifications should go out this week. Land gathering chronology for release for license.

Violet Grove

MW

16-29-048-09W5M

Daylight

100.0%

Reviewing if we can relicense pipelines to can relicense we can relicense pipelines to higher H2S. Reviewing if we higher H2S. pipelines to higher H2S. Reviewing if

Crossfire

DJ

13-02-50-6W5

Daylight

100.0%

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Updated to: 25-Apr-2011 EAST - 2011 Active Well list

Area Rank Expiry Engineer Drilling Pad

WARBURG CARDIUM

Gross Forcasted Production Exploitation # Wells per Pad (#Drilled) 2 (1) Bottom hole Location (surface location) Partners 00/011-26-047-03W5M (01-34-47-3W5M) West Zone Cardium WI% 100.0% licensed. On hold trying to farm out. Licensed, Constructed with 1-1-48-3 Compensati on issues. Waiting on landowner who has Surveyed, need to acquire 56wks Surveyed, need to acquire 56wks On lease Request to Comments Survey Mineral Land Comments Notice Due Exploitation JV Agreements in place Tie-in Point Paying compensatory Royalties to Canpar. Comments Initial Prod (bbl/d or mmcf/d) 6 Mo Prod (bbl/d or mmcf/d)

Surface Location

Notice Served

Operated Drills 1

Duane J

1-34-47-3

Duane J

1-2-48-3

2(1)

02/08-01-048-03W5M (01-02-48-3W5M)

West

Cardium

81.3%

Duane J

13-4-48-3

00/13-04-048-03W5M (13-03-48-3W5M)

Daylight

Cardium

36.7% 19-Oct-10

Daylight 5-3-48-3

Paying compensatory Royalties to Encana. 1-1 should take care of offset obligation. Acquiring, Spry has licensed a 13-4 location. Land looking into. Paying compensatory Royalties.

Duane J

5-4-47-3

2 (0)

00/04-05-048-03W5M (05-04-47-3W5M)

West

Cardium

100.0%

Dec 16/2010

Daylight 13-33-473W5

Duane J

5-4-47-3

2(0)

00/05-05-048-03W5M (05-04-47-3W5M)

West

Cardium

100.0%

Dec 16/2010

Daylight 13-33-473W5

Paying compensatory Royalties.

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Operated Completions Operated Recompletions

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Operated Workovers

Operated Abandonments Priority Area Area Exploitation Engineer Bottom hole Location (surface location) Partners Operated Tie-ins Pembina DJ 06-23-050-06W5M to 16- Daylight 14-050-06W5M WI% 100.0% received Permit. Not Economic will not construct at Land released March 4. Permit is in at the board, Construction completed, handed over to operations Request to Comments Survey Mineral Land Notice Served Notice Due Exploitation JV Agreements in place Comments Tie-in Point 16-14-050-06W5M Cardium sweet oil gathering system tie-in to Crossfire Battery. Production and Facilities to sit down and go 16-14-050-06W5M Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same routing as our Third Party tie- existing pipeline. for the Tie into lines will in agreements Waiting on land. sent to Estimated on stream end Conoco. of March. Cardium sweet oil gathering system tie-in to Crossfire Battery. Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into pipeline. Waiting on land. Estimated on stream end of March. Cardium sweet oil gathering system tie-in to Crossfire Battery. Tie-in of our sour Nisku well at 09-21-05006W5M. It will follow the same Tie into pipeline. Waiting on land. Estimated on stream end of March. Comments Comments Comments

Pembina

DJ

09-21-050-06W5M (0427 surf) to 16-14-05006W5M 104/14-31-048-08W5 04-06-049-08W5

Daylight

100.0%

Violet Grove

JB

Daylight

80.00%

Oct 19/2010

PembinaWarburg

MM

12-15-047-03W5 to 0422-047-03W5

Daylight

Wk of Feb 21/2010

final package received. Audit completed. Brazeau pipeline flow reversal. Part ACompleted. Pipeline (line loop) completed. Pipeline flow reversal project. Part A construction in progress. Acquiring land for pipeline line loop (15-09 Acquiring land for pipeline line loop (15-09 to 04-21). Compressor to be installed to handle solution gas from Cardium wells and Rock Creek 3000meters of 4" Install wells. Production pipeline and 3" fuel gas pipeline to bring to bring emulsion from 07-05, 1205, 16-36, 12-36, 13-36

Operated Facilities Brazeau

JB

09-34-047-11W5

Daylight

100.0%

Brazeau

JB

15-09-047-11W5 to 0421-047-11W5M

Daylight

100.0%

Pipeline flow reversal project. Part A construction in progress. land Acquiring

Pipeline flow reversal project. Part A construction in progress. land Acquiring

for pipeline line for pipeline line loop (15-09 to loop (15-09 to 04-21). 04-21). Compressor to be installed to handle solution gas from Cardium wells Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring Compressor to be installed to handle solution gas from Cardium wells Install 3000meters of 4" pipeline and 3" fuel gas pipeline to bring

Brazeau

12-12-048-10W5

Daylight

100.0%

Brazeau

12-34-047-11W5

Daylight

100.0%

Compressor moved to 1212. Construction on hold. Pipeline interconnect. Construction on hold.

Brazeau

08-21-047-11W5

Daylight

100.0%

Brazeau

06-29-47-11W5

Daylight

100.0%

SWB and Tie-in. Kick off Mar 14/2011 and ten days to Construction completed. Handed over to operations. Construction in progress. Estimated to be complete end of Booster compressor install. On hold.

Brazeau

05-27-47-11W5

Daylight

100.0%

300HP compressor install c/w blowcase.

300HP compressor install c/w blowcase. 300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

300HP compressor install c/w blowcase. 300HP compressor install c/w blowcase. D-56 out to Broker, notifications should go out this week. Land gathering

Brazeau

12-31-47-11W5

Daylight

100.0%

300HP compressor install c/w blowcase.

Easyford

PM/ED

13-34-049-08W5M

Daylight

100.0%

Violet Grove

MW

16-29-048-09W5M

Daylight

100.0%

Easyford line heater install. Notificationd should go out this wk Butane blending project and trucked in unloading

D-56 out to Broker, notifications should go out this week. Land gathering chronology for release for license.

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Crossfire

DJ

13-02-50-6W5

Daylight

100.0%

Battery upgrade Group Sep. Possible Butane Blending. Recylinder the 8-7 comp.

Reviewing if we can relicense pipelines tocan relicense we can relicense pipelines to higher H2S. Reviewing if we Reviewing if pipelines to higher H2S. higher H2S.

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Updated to: 25-Apr-2011 EAST - 2011 Active Well list

Area Rank Expiry Engineer Drilling Pad

ROCK CREEK

Gross Forcasted Production Exploitation # Wells per Pad (#Drilled) Bottom hole Location (surface location) Partners 100/12-02-049-09W5 (09-02-049-09W5) 100/06-10-049-09W5 (13-02-049-09W5) 100/04-17-047-11W5 (04-16-047-11W5) Taqa 50%
PNG to base Jurrasic. Taqa 50% PNG to base Nisku.

Surface Location

Request to Comments Survey Zone WI% 100.0% Sept 20/2010 March 3/2011 April 19/2011 Released for license

Notice Served

Mineral Land Comments Notice Due

Exploitation

JV Agreements in place Comments Initial Prod (bbl/d or mmcf/d) 6 Mo Prod (bbl/d or mmcf/d)

Tie-in Point Waiting on Alberta Environment re: borrow pit First Nations Consultation, EFR

Operated Drills 1

JB

JB

100.0%

JB

50.0%

Violet Grove Satellite 01-02 Existing Daylight 13-02 pipeline riser. Existing Daylight 04-16 pipeline riser. Existing Daylight 10-30 pipeline riser. Existing NuVista 10-10 pipeline riser. TBD

5-10 mmcf/d

3-5 mmcf/d

5-10 mmcf/d 3-5mmcf/d

3-5mmcf/d 1-3 mmcf/d

JB

100/15-19-047-11W5 (10-30-047-11W5)

100.0%

April 19/2011

3-5mmcf/d

1-3 mmcf/d

JB

100/02-10-048-13W5 (103/10-10-048-13W5)

100.0%

April 18/2011

3-5mmcf/d

1-3 mmcf/d

JB

100/14-26-048-09W5 (03-26-048-09W5)

JB

100/01-26-048-09W5 (surface TBD)

NE1/4 PNG below base Cardium SE1/4 PNG below base Cardium

100.0%

April 18/2011

3-5mmcf/d

1-3 mmcf/d

100.0%

TBD

3-5mmcf/d

1-3 mmcf/d

\\vboxsrv\conversion_tmp\scratch7619\69580106.xls.ms_office

Updated to: 25-Apr-2011 EAST - 2011 Active Well list

RANK EXPIRY Area Engineer Drilling Pad Surface Location # Wells per Pad Bottom hole Location (#Drilled to (surface location) Date)
12-15-047-03W5M 2 (0)

WARBURG BELLY RIVER

Exploitation Zone WI% Mineral Land Notice Due Comments Exploitation Tie-in Point JV Agreements in place Gross Forecasted Production Initital Prod 6 mo. Prod (bbl/d: mcf/d) (bbl/d: mcf/d)

Partners

Request to Survey

Comments

Notice Served

Comments

Operated Drills
1 Megan M

00/12-16-047-03W5M
(12-15-047-03W5M)

Megan M

04-22-047-03W5M

2 (0)

00/04-21-047-03W5M
(04-22-047-03W5M)

Megan M

11-21-047-03W5M

2 (0)

00/14-22-047-03W5M
(11-21-047-03W5M)

Megan M

2 (0)

00/05-35-047-03W5M
(06-27-047-03W5M)

Megan M

1 (0)

00/03-11-047-03W5M
(01-14-047-03W5M)

Megan M

08-23-047-03W5M

1 (0)

00/07-26-047-03W5M
(08-23-047-03W5M)

Megan M

04-22-047-03W5M

2 (0)

00/05-21-047-03W5M
(04-22-047-03W5M)

Megan M

12-15-047-03W5M

2 (0)

00/13-16-047-03W5M
(12-15-047-03W5M)

Megan M

11-21-047-03W5M

2 (0)

00/11-22-047-03W5M
(11-21-047-03W5M)

Megan M

2 (0)

00/03-35-047-03W5M (627-047-03W5M)

Megan M

02-08-047-03W5M

2 (0)

00/01-05-047-03W5M
(02-08-047-03W5M)

Daylight Advantage Edna Bolin Daylight Advantage Edna Bolin Daylight Advantage Edna Bolin Daylight Advantage Edna Bolin Daylight Advantage Penn West Daylight Advantage Edna Bolin Daylight Advantage Edna Bolin Daylight Advantage Edna Bolin Daylight Advantage Edna Bolin Daylight Advantage Edna Bolin Daylight

Belly River Belly River Belly River Belly River Belly River Belly River Belly River Belly River Belly River Belly River Belly River

93.84% 5.87% 0.29% 93.84% 5.87% 0.29% 93.84% 5.87% 0.29% 93.84% 5.87% 0.29% 58.55% 25.08% 16.37% 93.84% 5.87% 0.29% 93.84% 5.87% 0.29% 93.84% 5.87% 0.29% 93.84% 5.87% 0.29% 93.84% 5.87% 0.29% 100.0%

September 22/2010 September 22/2010 Jan 19/2011

licensed. Waiting on partner approval. Construction complete Licensed. Waiting on Partner approval. Replaces 15-21 well. Aquiring, working on D56.

137 04-22-047-03W5 Drilling Location #1 137 04-22-047-03W5 137 02-21-047-03W5

75

75

75

December 14/2010 December 14/2010 December 14/2010 September 22/2010 September 22/2010 Jan19/2011

realigning surface location

05-26-047-03W5

137

75

Land at 16-11. Re align surface location.

04-14-047-03W5

137

75

land in 09-23. Acquiring, working on D56.

04-23-047-03W5

137

75

released for license

04-22-047-03W5

137

75

released for license

04-22-047-03W5

137

75

December 14/2010
September 13/2010

Replaces 02/10-21 well. Acquiring. Working on D56. realigning surface location

137 02-21-047-03W5 137 05-26-047-03W5

75

75

Location On Hold. 01-05 was the primary target. Have an approved 2 wells/qrt holding on the section. Location On Hold. Have an approved 2 wells/qrt holding on the section

Section 4 or 9?

Megan M

02-08-047-03W5M

2 (0)

00/02-05-047-03W5M
(02-08-047-03W5M)

Daylight

Belly River

100.0%

September 13/2010

Section 4 or 9?

high likelihood that the reservoir is in the oil-water transition zone, or wet. high likelihood that the reservoir is in the oil-water transition zone, or wet.

137

75

137

75

Updated to: 25-Apr-2011 EAST - 2011 Active Well list

Rank Expiry Area Drilling Pad Enginee Surface # Wells Bottom r Location per Pad hole (#Drilled Location ) (surface location)

WARBURG CARDIUM
Exploitation

Partners Operated Drills 1 Duane J 1-34-473 2 (1) 00/011- West 26-04703W5M (01-34473W5M) 02/08-01- West 04803W5M (01-02483W5M)

Zone Cardium

WI% 100.0%

Duane J 1-2-48-3

2(1)

Cardium

81.3%

Duane J 13-4-483

00/13-04- Daylight 04803W5M (13-03483W5M)

Cardium

36.7%

Duane J 5-4-47-3

2 (0)

Duane J 5-4-47-3

2(0)

00/04-05- West 04803W5M (05-04473W5M) 00/05-05- West 04803W5M (05-04473W5M)

Cardium

100.0%

Cardium

100.0%

URG CARDIUM
Mineral Land Exploitation JV Comments Agreem Comme ents in nts place

Request to Survey

Comme nts

Notice Served licensed. On hold trying to farm out.

Notice Due

Tie-in Point Paying compens atory Royalties to Canpar. Paying compens atory Royalties to Encana. 1-1 should take care of offset obligatio n. Acquiring , Spry has licensed a 13-4 location. Land looking into.

Licensed , Construc ted with 1-1-48-3

On lease

19-Oct-10 Compen sation issues. Waiting on landown er who has Dean Mathison as lawyer

Daylight 5-3-48-3

Dec Surveyed 16/2010 , need to acquire 56wks

Daylight 13-33-473W5

Paying compens atory Royalties . Paying compens atory Royalties .

Dec Surveyed 16/2010 , need to acquire 56wks

Daylight 13-33-473W5

Gross Forcasted Production Initial 6 Mo Prod Prod (bbl/d or (bbl/d or mmcf/d) mmcf/d)