Geological Profile of Jock McCracken P.Geol. April 2015

Egret Consulting Inc.

Vancouver, Calgary and Sandy Hook Manitoba

Email: jock@egret.ca

My geological exploration specialization for the past 33 years includes basin evaluation, play

assessment and ranking, identifying well locations, drilling and then reserve evaluation and

calculation. This experience in the onshore, offshore and international is located in six continents

including the following areas: Alberta, British Columbia, Saskatchewan, Quebec, Grand Banks

of Newfoundland (Jeanne d' Arc Basin, Flemish Pass, Orphan Basin, Carson/Salar Basin and

Labrador Sea), West Coast of Newfoundland, Scotian Shelf of Nova Scotia, North Sea (Witch

Ground Graben, Inner Moray Firth, West of Shetland Islands, Viking Graben, Central Graben

and Southern North Sea), China (Junggar, Tarim and Pearl River Mouth Basins), Texas, North

Slope of Alaska, all the Shale Basins of North America, Rajasthan, India, Sri Lanka, Zambia,

Philippines, Romania, Slovakia, Chile, Indonesia and Australia.

My career started with Mobil in 1981 and worked in their offices in Calgary (3 times), Toronto,

St. John’s, Newfoundland and London, UK. I specialized in exploration for oil and gas in the

Western Canada Sedimentary Basin, the Canadian East Coast Offshore Basins, the UK North

Sea and China. This 16 year career resulting in hydrocarbons being discovered in all those basins

with notable results in the Grand Banks at Hibernia, White Rose, and Fortune as well as Ricinus

and Rainbow in Alberta, the delineation of prospects around the Scott field in the North Sea and

locations in the Pearl River Mouth Basin of China.

In 1997 Petro-Canada recruited me to take over the regional geology role in the Grand Banks of

Newfoundland. For 8 years I identified, recommended and evaluated prospects outside the

known producing Jeanne d ’Arc Basin in the Flemish Pass, the Central Ridge, the Orphan and

Salar Basins, Scotian Shelf and Labrador Sea. This required research, building the database and

creating a geological atlas and using analogies from Portugal, Ireland and the UK to help with

the geological models. A number of these prospects are still on Petro-Canada books and will be

drilled eventually. The Mizzen L-11, 100 to 200 MMbbl. discovery in 1000 metres of water in

the Flemish Pass was identified and drilled by an international team where my geological role

was instrumental. Statoil recently has further delineated this field as well as the nearby Harpoon

and Bay du Nord (300 to 600 MMbbl.) which were part of the original Petro-Canada evaluation.

My roles after that included a multi-company evaluation of the prospectively in the Orphan

Basin and mapped and documented add-on prospects flanking Hibernia, Terra Nova and White

Rose which have been or will be drilled.

A New Venture Team was created by management in 2004 to find new prospects in all of North

America into which I was selected to join. I essentially worked up all the shale plays in North

America at the beginning of the shale gas movement in 2005 which involved the Utica Shale

play in Quebec, the NE BC shales in the Horn River and Montney as well a general Bakken play,

amongst others. My work was instrumental for some of the evaluation of the N.E. B.C. plays.

The Rocky Mountain States evaluation for shale gas was the next assignment where Petro-

Canada entered the Paradox Basin. For half a year I was on special assignment to the VP to

create summary presentations on each of the 40 or 50 shale plays in North America at the time.

My last project at Petro-Canada was to evaluate Alaska where it was my mandate to put together

a prospect atlas for the state. I was also running the Schlumberger IES PetroMod Basin Modeling

software to help in the high grading process.

After early retirement from Suncor/Petro-Canada in Sept of 2009, I formed my own company,

Egret Consulting and have worked up plays in Saskatchewan, West Newfoundland, Quebec,

India, Romania, Zambia, Philippines, Chile and Australia. The Rajasthan, India work required

me to evaluate a multi-billion barrel potential, 800,000 acre parcel, picking 20 drilling locations.

During the past few years my efforts has been focused on delineating a 6.5 billion barrel in place

West Newfoundland shale oil play, by the drilling of two wells. This work is still continuing.

The other areas I evaluated were: four blocks with one million acres in the Panonnian Basin of

Western Romania for shale gas potential, the rift system in Zambia, Africa, the Palawan Basin of

the South China Sea in the Philippines, basins in Chile, Indonesia and Australia

(Cooper/Ergomanga and Arckaringa), the Gaspe Peninsula of Quebec with field work, play

evaluation and hopefully future drilling and picking waste water disposal wells in Western

Canada. I am Geological Advisor for Terra Nova Energy Inc. out of Vancouver. They have

their properties in the Cooper/Ergomanga Basins in Australia.

My Saskatchewan work has allowed me to be a part of group that made a new field discovery

with production from three zones and to own variable interests in six wells, 4 with pumpjacks, of

which I am now receiving small but growing oil production.

My geological strengths and research skills, as well as my diverse experience, allow me to assess

and evaluate new basins quickly even with minimal data. This is combined with being an

excellent team player with exceptional networking and data mining skills. I specialize with

Companies who do not have a technical staff and need to make quick decisions on exploration-

potential lands and /or plays. During the years at both Mobil and Petro-Canada the companies

had a very excellent training programs where I was given the opportunity to take numerous

training courses and field course all over the world. I stay current yearly by attending the AAPG

and CSPG and other annual conventions for new ideas and play concepts.

My professional memberships, including start date, are: CSPG 1982, AAPG 1983, APEGA 1983

and EMD 2006. I have been Canadian Shale Liquids and Gas committee member and Canadian

Councilor for the EMD since 2006 and 2009, respectively. Numerous professional papers at

conventions have been given by myself in Calgary, St. John’s, Denver, New Orleans, Corner

Brook, Newfoundland and Dallas during my career including the following highlights: invitation

to speak at a shale gas short course by Dan Jarvie at the 2010 AAPG convention in New Orleans,

a paper at the 2011 AAPG International in Calgary, invitation to be a Session Chair (3 times) in

Calgary, a talk at the West Newfoundland Oil and Gas Symposium in September 2014 and co-

author of the chapter on the “Atlantic Margin Basins” in the 2008 publication “The Sedimentary

Basins of the United States and Canada”, published by Elsevier, edited by Andrew Miall.