of calgary · 2017-11-09 · calgary courts centre, 601 — 5 street sw, calgary, alberta the...

COURT FILE NUMBER

COURT

JUDICIAL CENTRE

PLAINTIFF

DEFENDANT

DOCUMENT

1701-00920

COURT OF QUEEN'S BENCH OF ALBERTA

CALGARY

DUGAN PRODUCTION CORP.

GLENCOE RESOURCES LTD.

APPROVAL AND VESTING ORDER

C LERIckWTREMOURT

FILED

NOV 0 8 2017

JUDICIAL CENTRE OF CALGARY

Field Law LLP 400, 444 - 7 Avenue SW Calgary, Alberta T2P 0X8 Lawyer: Trevor Batty Phone Number: (403) 260-8537 Fax Number: (403) 264-7084 Email: thattyrdAielcIlaw.com File No. 57448-9

Burnet, Duckworth & Palmer LLP 2400, 525 - 8 Avenue SW Calgary, Alberta T2P 1G1 Lawyer: Natasha Wood Phone Number: (403) 260-0159 Fax Number: (403) 260-0332 Email: [email protected] File No. 63936-8

ADDRESS FOR SERVICE AND CONTACT INFORMATION OF PARTIES FILING THIS DOCUMENT

DATE ON WHICH ORDER WAS PRONOUNCED: November 8, 2017

LOCATION WHERE ORDER WAS PRONOUNCED:

NAME OF JUSTICE WHO MADE THIS ORDER:

Calgary Courts Centre, 601 — 5 Street SW, Calgary, Alberta

The Honourable Justice C.M. Jones

UPON THE APPLICATION by Hardie & Kelly Inc. in its capacity as the Court-appointed

receiver and manager (the "Receiver") of the undertaking, property and assets of Glencoe Resources Ltd.

(the "Debtor") for an order approving the sale transaction (the "Transaction") contemplated by an

agreement of purchase and sale (the "Sale Agreement") between the Receiver and Lynx Energy ULC

("Lynx") dated October 31 2017 and, if applicable, any agreement of purchase and sale between Receiver

and any party that elects to exercise its right to purchase under an Identified ROFR as defined in Schedule

"B" hereto (each an "Exercising ROFR Holder") (Lynx and any such Exercising ROFR Holder herein

each, as the context requires, the "Purchaser"), in each case, as such agreements of purchase and sale

may be amended from time to time and appended to the Confidential Supplement to the Sixth Report of

the Receiver dated October 31, 2017 (the "Report"), and vesting in the Purchaser (or its nominee) the

8621563.2

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Debtor's right, title and interest in and to the assets described in the applicable Sale Agreement (the

"Purchased Assets");

AND UPON HAVING READ the Receivership Order dated January 23, 2017 (the

"Receivership Order"), the Report and the Affidavit of Service, filed;

AND UPON IT APPEARING that all interested and affected parties have been served with

notice of this application;

AND UPON HEARING the submissions of counsel for the Receiver, and any other counsel

present;

IT IS HEREBY ORDERED AND DECLARED THAT:

SERVICE

[1] Service of notice of this application and supporting materials is hereby declared to be good and

sufficient, and no other person is required to have been served with notice of this application, and

time for service of this application is abridged to that actually given.

APPROVAL OF TRANSACTIONS

[2] The Transaction is hereby approved, and the execution of the Sale Agreement(s) by the Receiver

is hereby authorized and approved, with such minor amendments as the Receiver and the

applicable Purchaser may agree to and deem necessary. The Receiver is hereby authorized and

directed to take such additional steps and execute such additional documents as may be necessary

or desirable for the completion of the Transaction or for the conveyance of the Purchased Assets

to the Purchaser (or its nominee).

VESTING OF PROPERTY

[3] Upon the delivery of a Receiver's certificate to the applicable Purchaser (or its nominee)

substantially in the form set out in Schedule "A" hereto (the "Receiver's Certificate"), subject

only to approval of the transfer of applicable licences, permits, and approvals by the Alberta

Energy Regulator ("AER") pursuant to legislation administered by the AER, and to the permitted

encumbrances caveats, easements and restrictive covenants listed on Schedule "B" (the

"Permitted Encumbrances"), all of the Debtor's right, title and interest in and to the Purchased

Assets described in the Sale Agreement and listed on Schedule "C" hereto shall vest absolutely

8621563.2

3

in the name of the Purchaser (or its nominee), free and clear of and from any and all security

interests (whether contractual, statutory, or otherwise), hypothecs, caveats, mortgages, trusts or

deemed trusts (whether contractual, statutory, or otherwise), liens, executions, levies, charges, or

other financial or monetary claims, whether or not they have attached or been perfected,

registered or filed and whether secured, unsecured or otherwise (collectively, the "Claims")

including, without limiting the generality of the foregoing:

(a) any encumbrances or charges created by the Receivership Order;

(b) all charges, security interests or claims evidenced by registrations pursuant to (i) the Personal Property Security Act (Alberta); (ii) the Land Titles Act (Alberta) (the "LTA") , the Mines and Minerals Act (Alberta) (the "MMA") and the Builders' Lien Act (Alberta); or, (iii) any other personal or real property registry system;

(c) any arrears owing by the Debtor prior to the date of the Receivership Order with respect to surface leases, gross-overriding royalties, freehold or Crown royalties;

(d) all other claims other than the Permitted Encumbrances;

all of which are collectively referred to as the "Encumbrances"). For greater certainty, this Court

orders that all of the Encumbrances affecting or relating to the Purchased Assets are hereby

expunged and discharged as against the Purchased Assets.

[4] Upon delivery of a Receiver's Certificate to the applicable Purchaser, and upon filing a certified

copy of this Order, together with any applicable registrations fees, the Registrar or Registrars

under the Land Titles Act (Alberta), the Department of Energy and the Minister of Energy of

Alberta and all other government ministries and authorities in Alberta, respectively, exercising

jurisdiction with respect to or over the Purchased Assets (collectively, "Governmental

Authorities"), as applicable, are hereby authorized, requested, and directed to (in each case, as

applicable):

(a) enter the Purchaser as the owner, lessee, and/or licensee of the Purchased Assets;

(b) cancel the existing Certificate of Title to the Purchased Assets and issue new Certificates of Title for the Purchased Assets, in the name of the Purchaser;

(c) delete and expunge from the existing title documents concerning the Purchased Assets all applicable Claims other than Permitted Encumbrances; and

(d) register such transfers, discharges, discharge statements, or conveyances, as may be required to convey clear title to the Purchased Assets to the Purchaser, subject only to the Permitted Encumbrances.

8621563.2

4

[5] Presentment of this Order and the Receiver's Certificate shall be the sole and sufficient authority

for the Governmental Authorities to effect the registration of transfers, discharges, discharge

statements or conveyances as may be required to convey clear title to the Purchased Assets to the

Purchaser.

[6] This Order shall be registered and the steps set out in paragraph 4 of this Order shall be carried

out by the applicable Registrar and/or Governmental Authorities notwithstanding the

requirements of the applicable federal and/or provincial legislation, including the LTA and

MMA, and notwithstanding that the appeal period in respect of this Order has not elapsed, which

appeal period is expressly waived.

[7 ] ssets to the Pu c

than the Identified ROFRs (as defined greement) and no Person may object or

subsequently ch e sale of the Purchased Assets to Purchaser on the basis that it has a

he Iden

[8] Purchaser shall not be responsible to make any deposits or provide any security required by the

AER in relation to the Debtor's LLR as a condition of or prerequisite for the approval of the

transfer of any license or the transfer or assignment of any of the Purchased Assets to Purchaser

and Debtor shall not be responsible to make any deposits or provide any security required by the

AER in relation to Purchaser's LLR as a condition of or a prerequisite for the approval of the

transfer of any licences or the transfer or assignment of any of the Purchased Assets to Purchaser.

[9] For the purposes of determining the nature and priority of Claims, the net proceeds from the sale

of the Purchased Assets (to be held in an interest bearing trust account by the Receiver) shall

stand in the place and stead of the Purchased Assets, and from and after the delivery of the

Receiver's Certificate all Claims and Encumbrances shall attach to the net proceeds from the sale

of the Purchased Assets with the same priority as they had with respect to the Purchased Assets

immediately prior to the sale, as if the Purchased Assets had not been sold and remained in the

possession or control of the person having that possession or control immediately prior to the

sale.

[10] The Purchaser (and its nominee, if any) shall, by virtue of the completion of the Transaction, have

no liability of any kind whatsoever in respect of any Claims against the Debtor and shall not be

deemed a successor to the Debtor or any of its affiliates for any Claims of any kind or nature

whatsoever against the Debtor or its affiliates or in the Purchased Assets.

8621563.2

5

[11] The Debtor and all persons who claim by, through or under the Debtor in respect of the Purchased

Assets, save and except for the persons entitled to the benefit of the Permitted Encumbrances,

shall stand absolutely barred and foreclosed from all estate, right, title, interest, royalty, rental and

equity of redemption of the Purchased Assets and, to the extent that any such persons remains in

possession or control of any of the Purchased Assets, they shall forthwith deliver possession

thereof to the Purchaser (or its nominee).

[12] The Purchaser (or its nominee) shall be entitled to enter into and upon, hold and enjoy the

Purchased Assets for its own use and benefit without any interference of or by the Debtor, or any person

claiming by or through or against the Debtor. Immediately after the closing of the Transaction, the holders

of the Permitted Encumbrances shall have no claim whatsoever against the Receiver or the Debtor.

[13] The Receiver is to file with the Court a copy of the Receiver's Certificate, forthwith after delivery

thereof to the Purchaser (or its nominee).

[14] Notwithstanding:

(a) the pendency of these proceedings;

(b) any applications for a bankruptcy order now or hereafter issued pursuant to the Bankruptcy and Insolvency Act (Canada) in respect of the Debtor and any bankruptcy order issued pursuant to any such applications;

(c) any assignment in bankruptcy made in respect of the Debtor;

the vesting of the Purchased Assets in the Purchaser (or its nominee) pursuant to this Order shall

be binding on any trustee in bankruptcy that may be appointed in respect of the Debtor and shall

not be void or voidable by creditors of the Debtor, nor shall it constitute nor be deemed to be a

settlement, fraudulent preference, assignment, fraudulent conveyance, transfer at undervalue, or

other reviewable transaction under the Bankruptcy and Insolvency Act (Canada) or any other

applicable federal or provincial legislation, nor shall it constitute oppressive or unfairly

prejudicial conduct pursuant to any applicable federal or provincial legislation.

[15] The Receiver, the Purchaser (or its nominee) and any other interested party, shall be at liberty to

apply for further advice, assistance and directions as may be necessary in order to give full force

and effect to the terms of this Order and to assist and aid the parties in closing the Transaction.

8621563.2

6

MISCELLANEOUS MATTERS

[16] This Court hereby requests the aid and recognition of any court, tribunal, regulatory or

administrative body having jurisdiction in Canada to give effect to this Order and to assist the

Receiver and its agents in carrying out the terms of this Order. All courts, tribunals regulatory

and administrative bodies are hereby respectfully requested to make such orders as to provide

such assistance to the Receiver, as an officer of this Court, as may be necessary or desirable to

give effect to this Order or to assist the Receiver and its agents in carrying out the terms of this

Order.

[17] This Order must be served only upon those interested parties attending or represented at the

within application and service may be effected by facsimile, electronic mail, personal delivery or

courier. Service is deemed to be effected the next business day following the transmission or

delivery of such documents.

[18] Service of this Order on any party not attending this application is hereby dispensed with.

J.C.C.Q.B.A.

8621563.2

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8621563.2

Schedule "A"

Form of Receiver's Certificate

Clerk's Stamp:

COURT FILE NUMBER 1701-00920

COURT COURT OF QUEEN'S BENCH OF ALBERTA

JUDICIAL CENTRE CALGARY

PLAINTIFF DUGAN PRODUCTION CORP.

DEFENDANT GLENCOE RESOURCES LTD.

DOCUMENT RECEIVER'S CERTIFICATE

ADDRESS FOR SERVICE AND

CONTACT INFORMATION OF

PARTIES FILING THIS

DOCUMENT

Field Law LLP

400, 444 - 7 Avenue SW

Calgary, Alberta T2P 0X8

Lawyer: Trevor Batty

Phone Number: (403) 260-8537

Fax Number: (403) 264-7084

Email: [email protected]

File No. TBD

Burnet, Duckworth & Palmer LLP

2400, 525 - 8 Avenue SW

Calgary, Alberta T2P 1G1

Lawyer: Natasha Wood

Phone Number: (403) 260-0159

Fax Number: (403) 260-0332

Email: [email protected]

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 __________, 2017, the Court approved the agreement of

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

Agreement") between the Receiver and [insert applicable Purchaser name] (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

mailto:[email protected]

mailto:[email protected]

8

8621563.2

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.

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 [Time] on [Date].

Hardie & Kelly Inc., in its capacity as

Receiver of the undertaking, property

and assets of Glencoe Resources Ltd.

and not in its personal capacity.

Per:_____________________________

Name:

Title:

9

8621563.2

Schedule "B"

Permitted Encumbrances

Unless otherwise indicated in this Schedule "B", terms with initial capitals have the meanings set out in the Sale

Agreement.

"Permitted Encumbrances" means:

(i) liens for taxes, assessments and governmental charges that are not due and payable or

delinquent;

(ii) liens incurred or created in the ordinary course of business as security in favour of a

Person that is conducting the development or operation of the property to which such

liens relate for amounts which are not due and payable or delinquent or obligations which

are not unperformed or unsatisfied;

(iii) mechanics’, builders’, materialmen’s or other similar liens in respect of services rendered

or goods supplied for which payment is not yet due and payable or delinquent;

(iv) easements, rights of way, servitudes and other similar rights in land, including rights of

way and servitudes for highways and other roads, railways, sewers, drains, gas and oil

pipelines, gas and water mains, electric light, power, telephone, telegraph and cable

television conduits, poles, wires and cables;

(v) the right reserved to or vested in any municipality or Governmental Authority by the

terms of any lease, licence, franchise, grant or permit or by any provision of Applicable

Law, to terminate any such lease, licence, franchise, grant or permit or to require annual

or other periodic payments as a condition of the continuance thereof;

(vi) rights of general application reserved to or vested in any Governmental Authority to levy

taxes on Petroleum Substances or any of them or the income therefrom, or to control,

limit or regulate production rates or the operation or use of any property;

(vii) statutory exceptions to title and the reservations, limitations, provisos and conditions in

any original grants from the Crown of any mines and minerals;

(viii) the terms and conditions of the Title and Operating Documents provided that royalties,

net profit interests and net carried interests and similar burdens will only constitute

"Permitted Encumbrances" to the extent they are referenced in Schedule "A" to the Sale

Agreement, reproduced as Part 1 of Schedule "C" to this Approval and Vesting Order;

(ix) contracts for the purchase, processing, transportation or storage of Petroleum Substances

or for the contract operation of any of the Assets, which are terminable on not more than

thirty (30) days’ notice (without an early termination penalty or other cost);

(x) all ROFRs arising under or pursuant to any of the Title and Operating Documents,

including the Identified ROFRs; and

(xi) all Encumbrances, obligations, duties, terms and conditions identified or set forth in a

Schedule to this Agreement;

10

8621563.2

but for certainty, does not include Encumbrances for or relating to amounts in arrears or due and

owing prior to the Effective Time, including amounts for surface rentals, royalties or taxes for the

period prior to the Effective Time.

Without limiting the generality of the foregoing, the Permitted Encumbrances specifically include the

following rights of first refusal (the "Identified ROFRs"):

File Number File Land Description Rights Identified ROFR Holder

C-048-0087 A TWP 41 RGE 25 W4M S SEC 26

PNG BELOW BASE

EDMONTON TO

BASE BELLY

RIVER

ADVANTAGE OIL & GAS

LTD.

300, 440 – 2 AVENUE SW

CALGARY, AB T2P 5E9

SINOPEC DAYLIGHT

ENERGY LTD.

2700, 112 – 4 AVENUE SW

CALGARY, AB T2P 0H3

C-048-0087 BA

TWP 41 RGE 25 W4M NW SEC

26

(**NOTE: OPERATING

PROCEDURE DOES NOT

COME INTO EFFECT UNTIL

AFTER PAYOUT HAS

OCCURRED & FARMOR

ELECTS TO CONVERT TO A

WI)

PNG BELOW BASE

EDMONTON TO

BASE WABAMUN

EXCL PNG IN

VIKING & EXCL

PNG IN

GLAUCONITE

(MANNVILLE E &

UPPER

MANNVILLE A)

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

SINOPEC DAYLIGHT

ENERGY LTD.

2700, 112 – 4 AVENUE SW

CALGARY, AB T2P 0H3

C-048-0276 A TWP 41 RGE 24 W4M SEC 19

NG TO BASE

MANNVILLE EXCL

NG IN

GLAUCONITE

TERRA ENERGY CORP., in

Receivership c/o ERNST &

YOUNG INC.

2200, 215 – 2 Street SW

CALGARY, AB T2P 1M4

C-048-0338 B TWP 41 RGE 25 W4M SW SEC

33

NG TO TOP

VIKING

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

ADVANTAGE OIL & GAS

LTD.

300, 440 – 2 AVENUE SW

CALGARY, AB T2P 5E9

11

8621563.2


C-800-0001 A

TWP 41 RGE 25 W4M NE SEC

11 (PNG EDMONTON TO

BASE BELLY RIVER)

TWP 41 RGE 25 W4M S & NW

SEC 11 (PNG TO BASE BELLY

RIVER)

(AND 100% PRODUCTION

FROM THE 13-11-41-25 W4M,

3-11-41-25 W4M and 02/8-11-

41-25 W4 WELLS)

PNG TO BASE

BELLY RIVER

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

C-800-0001 B

TWP 41 RGE 25 W4M E & SW

SEC 4 (PNG BB EDMONTON

TB BELLY RIVER)

TWP 41 RGE 25 W4M SW SEC

4 (PNG TB EDMONTON)


FROM 3-4-41-25 W4M WELL)

PNG TO BASE

BELLY RIVER

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

C-800-0001 C

TWP 41 RGE 25 W4M SEC 2

(AND 100% OF PRODUCTION

FROM 12-2, 102/6-2, 100/2-2

AND 100/16-2)

PNG TO BASE

BELLY RIVER

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

C-800-0001 D



FROM 102/8-28, 100/14-28,

00/3-28 & 10-28 WELLS)

PNG TO BASE

BELLY RIVER

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

12

8621563.2


C-800-0001 E


(PNG BB EDMONTON TB

BELLY RIVER - GLENCOE &

COMPTON 7.5%)


16 (PNG TB EDMONTON -

GLENCOE & COMPTON 7.5%)

TWP 41 RGE 24 W4M SE & N

SEC 16 (PNG TB EDMONTON

- COMPTON ONLY 2.5%)


FROM 4-16-41-24 W4M WELL)

PNG TO BASE

BELLY RIVER

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

C-800-0001 F

TWP 41 RGE 25 W4M S & NW

SEC 36


FROM 102/03-36-41-25 W4M,

102/14-36-41-25 W4M, 100/8-

36-41-25 W4 & 00/16-36-41-25

W4 WELLS)

PNG TO BASE

BELLY RIVER

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

C-800-0001 G


(PNG BB EDMONTON TB

BELLY RIVER)


12 (PNG TB EDMONTON)


FROM 102/4-12-41-25 W4M

WELL)

PNG TO BASE

BELLY RIVER

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

C-800-0001 I


10

(ACQUISITION OF A 50% WI

IN THE SW SEC 10 AND A

12.5% POOLED INTEREST IN

ALL OF SEC 10 -> NG TO

BASE BR<- & PRODUCTION

FROM THE 00/15-10-41-25

W4M WELL)

PNG TO TOP

VIKING

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

C-800-0001 J

TWP 41 RGE 25 W4M E SEC 24

(PNG TO BASE EDMONTON)


FROM 102/8-24-41-25 W4 &

102/9-24-41-25 W4 WELLS)

PNG TO BASE

EDMONTON

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

13

8621563.2


C-800-0001 K

TWP 41 RGE 25 W4M N & SE

SEC 16 (PNG TB EDMONTON)


FROM 100/02-16-41-25 W4,

100/14-16-41-25 W4 & 100/09-

16-41-25 W4 WELLS -

SPECIFICALLY EXCL IN THE

EARNING IS SW/4 &

PRODUCTION FROM 4-16

WELL)

(EWP 2007-008 CBM 2-16 EWP

2007-009 CBM 9-16 EWP 2007-

005 CBM 14-16)

PNG TO BASE

EDMONTON

SEQUOIA OPERATING

CORP.

2900, 605 – 5 AVENUE SW

CALGARY, AB T2P 3H5

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

C-800-0001 L

TWP 41 RGE 24 W4M W SEC

30 (PNG TO BASE BELLY

RIVER)

TWP 41 RGE 24 W4M E SEC 30

(NG TO BASE BELLY RIVER -

POOLED INTEREST)

(AND PRODUCTION FROM 4

- SECTION 30 WELLS)

PNG TO BASE

BELLY RIVER

DOW CHEMICAL CANADA

ULC

2400, 215 – 2 STREET SW

CALGARY, AB T2P 1M4

14

8621563.2

Schedule "C"

Purchased Assets

Part 1 – Lands

See attached Mineral Schedule "A" Report generated October 5, 2017 at 10:36am (101 pages).

Report Date: Oct 05, 2017 10:36 am

Page 1 of 101Glencoe Resources Ltd.

Report Id: RP-0053

Mineral Schedule "A" Report - Lynx - FINAL

Wells

Contract

OperatingEncumbrances

Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0026 D TWP 40 RGE 25 W4M NE SEC 32

C-048-0077 BALL 3.0%GLENCOE 93.75%CR: 0477010009 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 23.4375%LSE DATE: 1977 Jan 12 FORMATION

No ROFR AppliesPDBY GLENCOE 100.0%EFF DATE: 1977 Jan 12

OPER: GLENCOEEXP DATE: 1982 Jan 11

NONCONV GORMNRL INT: 100.0

ROYALTY LINKSALL 3.0%EXT CODE: 15

C-048-0083 ABASED ON 23.4375%

ROFR UnknownPDBY GLENCOE 100.0%

C-048-0358 A

ROFR UnknownSLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 93.75%

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0274 C TWP 40 RGE 25 W4M NW SEC 32

C-048-0221 AALL S/S GLENCOE 90.0%CR: 27584 PNG TO BASE BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 1972 Apr 14

No ROFR AppliesBASED ON 100.0%EFF DATE: 1972 Apr 14

OPER: GLENCOEPDBY GLENCOE 90.0%EXP DATE: 1982 Apr 13

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTROYALTY INTLSE TYPE: CR PNGM-048-0292 A TWP 41 RGE 23 W4M SEC 28

C-048-0241 ASLIDING SCALECR: 0476110098 PNG TO BASE BELLY RIVER

CAPL 1974OIL S/S 1/150LSE DATE: 1976 Nov 24

No ROFR Applies(MIN 5.0 MAX 15.0 )EFF DATE: 1976 Nov 24

OPER: EMBER RESGAS 6.0% EXP DATE: 1981 Nov 23

OTHER 6% MNRL INT: 100.0

RENT INT OPER CONTBASED ON 100.0%EXT CODE: 15

C-048-0241 APDTO GLENCOE 29.997%

CAPL 1974

No ROFR Applies

OPER: EMBER RES

CS*EXPLORER Version 9.10.04



Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROYALTY LINKS

C-048-0241 A

CAPL 1974

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0412 A TWP 41 RGE 24 W4M SW SEC 15

C-048-0303 AALL S/S GLENCOE 58.5%CR: 0499060266 PET TO BASE BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 1999 Jun 17

No ROFR AppliesBASED ON 100.0%EFF DATE: 1999 Jun 17

OPER: GLENCOEPDBY GLENCOE 58.5%EXP DATE: 2004 Jun 16

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0412 B TWP 41 RGE 24 W4M SW SEC 15

C-048-0275 AALL S/S GLENCOE 82.125%CR: 0499060266 NG TO BASE BELLY RIVER EXCL

CAPL 1990OTHER CSS% LSE DATE: 1999 Jun 17 NG IN EDMONTON & BELLY RIVER



MNRL INT: 100.0

RENT INT OPER CONTEXT CODE: 15

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0412 D TWP 41 RGE 24 W4M SW SEC 15

C-048-0275 AAALL S/S GLENCOE 90.0%CR: 0499060266 NG IN EDMONTON & BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 1999 Jun 17



MNRL INT: 100.0


C-048-0275 AA

CAPL 1990




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0467 A TWP 41 RGE 24 W4M NW SEC 15

C-048-0403 AALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Nov 17 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Nov 17 PETROLEUM TO BASE BELLY RIVER

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Nov 16

OPER: GLENCOEMNRL INT: 5.0

EXT CODE: HBP

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH PNGM-048-0467 B TWP 41 RGE 24 W4M NW SEC 15

C-048-0275 AALL 16.0%GLENCOE 82.125%LSE DATE: 2004 Nov 17 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Nov 17 NG TO TOP BELLY RIVER EXCL NG

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Nov 16 IN EDMONTON


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH PNGM-048-0467 C TWP 41 RGE 24 W4M NW SEC 15

C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Nov 17 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Nov 17 NG IN EDMONTON & BELLY RIVER



EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0403 AALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Jul 07 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Jul 07 PETROLEUM TO BASE BELLY RIVER

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Jul 06


EXT CODE: HBP



CAPL 1990BASED ON 100.0%EFF DATE: 2004 Jul 07 NG TO TOP BELLY RIVER EXCL NG

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Jul 06 IN EDMONTON


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Jul 07 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Jul 07 NG IN EDMONTON & BELLY RIVER



EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0403 AALL 16.0%GLENCOE 90.0%LSE DATE: 2004 May 29 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 May 29 ALL PETROLEUM TO BASE BELLY

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 May 28 RIVER





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HBP



CAPL 1990BASED ON 100.0%EFF DATE: 2004 May 29 NG TO TOP BELLY RIVER EXCL NG

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 May 28 IN EDMONTON


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2004 May 29 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 May 29 NG IN EDMONTON & BELLY RIVER

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 May 28


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0403 AALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Jun 30 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Jun 30 PETROLEUM TO BASE BELLY RIVER

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Jun 29


EXT CODE: HBP






Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Jun 30 NG TO TOP BELLY RIVER EXCL NG

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Jun 29 IN EDMONTON


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Jun 30 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Jun 30 NG IN EDMONTON & BELLY RIVER



EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0403 AALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Apr 12 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Apr 12 PETROLEUM TO BASE BELLY RIVER

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Apr 11


EXT CODE: HBP



CAPL 1990BASED ON 100.0%EFF DATE: 2004 Apr 12 NG TO TOP BELLY RIVER EXCL NG

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Apr 11 IN EDMONTON


EXT CODE: HBP




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Apr 12 (UNDIVIDED 1/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Apr 12 NG IN EDMONTON & BELLY RIVER



EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2004 May 17 PETROLEUM TO BASE BELLY RIVER



EXT CODE: HBP






EXT CODE: HBP







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2004 May 04 PETROLEUM TO BASE BELLY RIVER



EXT CODE: HBP






EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE






EXT CODE: HBP

RENT INT OPER CONT




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2004 Apr 13 PETROLEUM TO BASE BELLY RIVER



EXT CODE: HBP



CAPL 1990BASED ON 100.0%EFF DATE: 2004 Apr 13 NG TO BASE BELLY RIVER EXCL

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Apr 12 NG IN EDMONTON & BELLY RIVER


EXT CODE: HBP






EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0475 A TWP 41 RGE 24 W4M (PTN) NE

C-048-0403 BALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Mar 25 SEC 15

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Mar 25 (64.7 HA EXCL 32.8 HECTARES)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2006 Mar 24 (UNDIVIDED 1/12 INTEREST)




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OPER: GLENCOEMNRL INT: 8.333 PNG TO TOP BELLY RIVER EXCL

EXT CODE: HBP NG IN THE EDMONTON

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH PNGM-048-0475 B TWP 41 RGE 24 W4M (PTN) NE

C-048-0275 AALL 16.0%GLENCOE 82.125%LSE DATE: 2004 Mar 25 SEC 15



OPER: GLENCOEMNRL INT: 8.333 NG TO TOP BELLY RIVER EXCL NG

EXT CODE: HBP IN EDMONTON

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH PNGM-048-0475 C TWP 41 RGE 24 W4M (PTN) NE

C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Mar 25 SEC 15



OPER: GLENCOEMNRL INT: 8.333 NG IN EDMONTON & BELLY RIVER

EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE





OPER: GLENCOEMNRL INT: 8.333 PETROLEUM TO BASE BELLY RIVER

EXT CODE: HBP





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands






RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE






EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE





OPER: GLENCOEMNRL INT: 25.0 PETROLEUM TO BELLY RIVER

EXT CODE: HBP









Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE






EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE






EXT CODE: HBP







RENT INT OPER CONT

C-048-0275 A

CAPL 1990




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

No ROFR Applies

OPER: GLENCOE






EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2004 Mar 24 (64.7 HA EXCL. 32.8 HA)



EXT CODE: HBP







RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands





EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0403 CALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Nov 06 SEC 15

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Nov 06 (64.7 HA EXCEPT 32.8

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2007 Nov 05 HECTARES)

OPER: GLENCOEMNRL INT: 8.334 (UNDIVIDED 1/12 INTEREST)

EXT CODE: HBP PET TO BASE BELLY RIVER


C-048-0275 AALL 16.0%GLENCOE 82.125%LSE DATE: 2004 Nov 06 SEC 15




EXT CODE: HBP NG TO TOP BELLY RIVER EXCL NG

RENT INT OPER CONTIN EDMONTON

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2004 Nov 06 SEC 15







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HBP NG IN EDMONTON & BELLY RIVER

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0403 CALL 16.0%GLENCOE 90.0%LSE DATE: 2004 May 25 SEC 15

CAPL 1990BASED ON 100.0%EFF DATE: 2004 May 25 (32.8 HA EXCL 0.809 HECTARES)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2007 May 24 PET TO BASE BELLY RIVER


EXT CODE: HBP


C-048-0275 AALL 16.0%GLENCOE 82.125%LSE DATE: 2004 May 25 SEC 15


No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2007 May 24 NG TO TOP BELLY RIVER EXCL NG

OPER: GLENCOEMNRL INT: 100.0 IN EDMONTON

EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2004 May 25 SEC 15


No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2007 May 24 NG IN EDMONTON & BELLY RIVER


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH NGM-048-0482 B TWP 41 RGE 24 W4M SE SEC 15

C-048-0275 AALL 20.0%GLENCOE 82.125%LSE DATE: 2004 Sep 24 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Sep 24 NG TO TOP BELLY RIVER EXCL NG

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2007 Sep 23 IN EDMONTON


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH NGM-048-0482 C TWP 41 RGE 24 W4M SE SEC 15

C-048-0275 AAALL 20.0%GLENCOE 90.0%LSE DATE: 2004 Sep 24 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2004 Sep 24 NG IN EDMONTON & BELLY RIVER

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2007 Sep 23


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2004 Apr 15 NG TO TOP BELLY RIVER EXCL NG

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2007 Apr 14 IN EDMONTON


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990

No ROFR Applies

OPER: GLENCOE






EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2005 Jul 16 NG TO TOP BELLY RIVER EXCL NG

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2008 Jul 15 IN EDMONTON


EXT CODE: HBP

RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0275 AAALL 16.0%GLENCOE 90.0%LSE DATE: 2005 Jul 16 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2005 Jul 16 NG IN EDMONTON & BELLY RIVER



EXT CODE: HBP

RENT INT OPER CONT




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH NGM-048-0698 A TWP 41 RGE 24 W4M (PTN) NE

C-048-0275 AAPDBY GLENCOE 90.0%GLENCOE 90.0%LSE DATE: 2013 Jan 01 SEC 15

CAPL 1990EFF DATE: 2013 Jan 01 (0.809 HA ONLY)

No ROFR AppliesEXP DATE: 2017 Dec 31 NG IN EDMONTON & BELLY RIVER


RENT INT OPER CONT

C-048-0275 AA

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH NGM-048-0698 B TWP 41 RGE 24 W4M (PTN) NE

C-048-0275 APDBY GLENCOE 90.0%GLENCOE 82.125%LSE DATE: 2013 Jan 01 SEC 15

CAPL 1990EFF DATE: 2013 Jan 01 (0.809 HA ONLY)

No ROFR AppliesEXP DATE: 2017 Dec 31 NG TO BASE BELLY RIVER EXCL


RENT INT OPER CONT

C-048-0275 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0293 B TWP 41 RGE 24 W4M SEC 16

C-048-0290 CALL S/S GLENCOE 6.75%CR: 28242A (PRODUCTION ONLY FROM THE

CAPL 1990OTHER CSS% LSE DATE: 1996 Aug 02 4-16 WELL)

No ROFR AppliesBASED ON 100.0%EFF DATE: 1972 Jun 19 PNG TO BASE BELLY RIVER

OPER: RALLY CANAPDBY GLENCOE 6.75%EXP DATE: 1982 Jun 18

MNRL INT: 100.0




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0293 C TWP 41 RGE 24 W4M SW SEC 16

C-048-0290 AALL S/S GLENCOE 6.75%CR: 28242A (EXCL PRODUCTION FROM THE


No ROFR AppliesBASED ON 100.0%EFF DATE: 1972 Jun 19 PNG TO BASE EDMONTON

OPER: RALLY CANAPDBY GLENCOE 6.75%EXP DATE: 1982 Jun 18

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0293 CA TWP 41 RGE 24 W4M E & NW SEC

C-048-0290 AAALL S/S GLENCOE 11.25%CR: 28242A 16

CAPL 1990OTHER CSS% LSE DATE: 1996 Aug 02 (EXCL PRODUCTION FROM THE

No ROFR AppliesBASED ON 100.0%EFF DATE: 1972 Jun 19 4-16 WELL)

OPER: RALLY CANAPDBY GLENCOE 11.25%EXP DATE: 1982 Jun 18 PNG TO BASE EDMONTON

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0293 D TWP 41 RGE 24 W4M SEC 16

C-048-0290 BALL S/S GLENCOE 6.75%CR: 28242A (EXCL PRODUCTION FROM THE


No ROFR AppliesBASED ON 100.0%EFF DATE: 1972 Jun 19 PNG BELOW BASE EDMONTON TO

OPER: RALLY CANAPDBY GLENCOE 6.75%EXP DATE: 1982 Jun 18 BASE BELLY RIVER

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0293 E TWP 41 RGE 24 W4M SEC 16

C-048-0434 AGLENCOE 10.125%CR: 28242A (EXCL PRODUCTION FROM THE

ROFR UnknownLSE DATE: 1996 Aug 02 4-16 WELL)

OPER: GLENCOEEFF DATE: 1972 Jun 19 NG TO BASE EDMONTON (**NG

EXP DATE: 1982 Jun 18 POOLING REQUIRED**)

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0294 C TWP 41 RGE 24 W4M NW SEC 18




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0234 AALL S/S GLENCOE 1.25%CR: 0483090177 PNG TO BASE BASAL BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 1983 Sep 22

No ROFR AppliesBASED ON 100.0%EFF DATE: 1983 Sep 22

OPER: QUESTFIREPDBY GLENCOE 5.0%EXP DATE: 1988 Sep 21

MNRL INT: 100.0


C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0295 B TWP 41 RGE 24 W4M SW SEC 18

C-048-0234 AGLENCOE 1.25%CR: 0492010088 PNG TO BASE BASAL BELLY RIVER

CAPL 1990LSE DATE: 1992 Jan 17

No ROFR AppliesEFF DATE: 1992 Jan 09

OPER: QUESTFIREEXP DATE: 1997 Jan 08

MNRL INT: 100.0


C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0296 A TWP 41 RGE 24 W4M SE SEC 18

C-048-0234 AGLENCOE 1.25%CR: 0492010087 PNG TO BASE BELLY RIVER




MNRL INT: 100.0


C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0297 A TWP 41 RGE 24 W4M NE SEC 18

C-048-0234 AGLENCOE 1.25%CR: 0492010089 PNG TO BASE BASAL BELLY RIVER




MNRL INT: 100.0


C-048-0234 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

NONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0017 B TWP 41 RGE 24 W4M NW SEC 19

REF INT OPER CONTALL 20.0%GLENCOE 100.0%LSE DATE: 1982 Aug 26 (UNDIVIDED 1/2 INTEREST)

C-048-0276 ABASED ON 100.0%EFF DATE: 1982 Aug 26 PNG TO TOP BELLY RIVER EXCL

CAPL 1990PDBY GLENCOE 100.0%REF INT: POOL EXP DATE: 1983 Aug 25 PNG IN EDMONTON

ROFR AppliesGLENCOE 25.0%MNRL INT: 50.0

OPER: TERRA ENEREXT CODE: HBP

NONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0018 B TWP 41 RGE 24 W4M NW SEC 19

REF INT OPER CONTALL 20.0%GLENCOE 100.0%LSE DATE: 1982 Aug 26 (UNDIVIDED 1/2 INTEREST)

C-048-0276 ABASED ON 100.0%EFF DATE: 1982 Aug 26 PNG TO TOP BELLY RIVER EXCL

CAPL 1990PDBY GLENCOE 100.0%REF INT: POOL EXP DATE: 1983 Aug 25 PNG IN EDMONTON

ROFR AppliesGLENCOE 25.0%MNRL INT: 50.0

OPER: TERRA ENEREXT CODE: HBP

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0013 B TWP 41 RGE 24 W4M SEC 20

C-048-0052 BALL S/S GLENCOE 50.0%CR: 0479030011 PNG TO BASE BASAL BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 1979 Mar 01 FORMATION

No ROFR AppliesBASED ON 100.0%EFF DATE: 1979 Mar 01

OPER: GLENCOEPDBY GLENCOE 50.0%EXP DATE: 1984 Feb 29

MNRL INT: 100.0

ROYALTY LINKSNONCONV GOREXT CODE: 15

C-048-0375 BALL 2.5%

ROFR UnknownBASED ON 100.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

PDBY GLENCOE 50.0%

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0753 A TWP 41 RGE 24 W4M (PTN) SEC 21

C-048-0411 BALL 19.0%GLENCOE 90.0%LSE DATE: 2014 Nov 01 (EXCEPT 1.62 HA)

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Nov 01 (UNDIVIDED 1/6 INTEREST)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2017 Oct 31 PNG TO BASE BELLY RIVER


EXT CODE: HBP


C-048-0411 BALL 19.0%GLENCOE 90.0%LSE DATE: 2014 Jul 15 (EXCEPT 1.62 HA)

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Jul 15 (UNDIVIDED 1/6 INTEREST)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2017 Jul 14 PNG TO BASE BELLY RIVER



C-048-0411 BALL 19.0%GLENCOE 90.0%LSE DATE: 2014 Oct 01 (EXCEPT 1.62 HA)

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Oct 01 (UNDIVIDED 1/6 INTEREST)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2017 Sep 30 PNG TO BASE BELLY RIVER













C-048-0411 BALL 19.0%GLENCOE 90.0%LSE DATE: 2014 Jul 17 (EXCEPT 1.62 HA)




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Jul 17 (UNDIVIDED 1/6 INTEREST)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2017 Jul 16 PNG TO BASE BELLY RIVER


CUR INT OPER CONTREF INT: APO LSE TYPE: CR PNGM-048-0177 A TWP 41 RGE 24 W4M S NW SEC 22


CAPL 1974LSE DATE: 1972 Jun 19

No ROFR AppliesROYALTY INTEFF DATE: 1972 Jun 19

OPER: SIGNALTASLIDING SCALEEXP DATE: 1982 Jun 18

ALL S/S 1/150MNRL INT: 100.0

REF INT OPER CONT(MIN 5.0 MAX 15.0 )EXT CODE: OFFSET PAY

C-048-0165 AGAS 15.0% (MIN $0.12/MCF c/mcf)

CAPL 1974BASED ON 100.0%

No ROFR AppliesPDTO GLENCOE 36.0%

OPER: SIGNALTA

ROYALTY LINKS

C-048-0165 A

CAPL 1974

No ROFR Applies

CUR INT OPER CONTREF INT: APO LSE TYPE: CR PNGM-048-0178 A TWP 41 RGE 24 W4M NE SEC 22



No ROFR AppliesROYALTY INTEFF DATE: 1976 Jan 28

OPER: SIGNALTASLIDING SCALEEXP DATE: 1986 Jan 27

ALL S/S 1/150MNRL INT: 100.0

REF INT OPER CONT(MIN 5.0 MAX 15.0 )EXT CODE: OFFSET PAY

C-048-0165 AGAS 15.0% (MIN $0.12/MCF c/mcf)


No ROFR AppliesPDTO GLENCOE 36.0%

OPER: SIGNALTA

ROYALTY LINKS

C-048-0165 A




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1974

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: JV EARNED LSE TYPE: CR PNGM-048-0016 B TWP 41 RGE 24 W4M SEC 28

C-800-0001 DALL S/S GLENCOE 50.0%CR: 0479030013 PNG TO BASE BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 1979 Mar 01

ROFR AppliesPDBY GLENCOE 50.0%EFF DATE: 1979 Mar 01

OPER: GLENCOEEXP DATE: 1984 Feb 29

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0012 AA TWP 41 RGE 24 W4M SW SEC 30

C-048-0440 AALL S/S GLENCOE 50.0%CR: 0483010010 PETROLEUM TO BASE BELLY RIVER

ROFR UnknownOTHER CSS% LSE DATE: 1983 Jan 13

OPER: GLENCOEPDBY GLENCOE 50.0%EFF DATE: 1983 Jan 13

EXP DATE: 1988 Jan 12

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0012 BA TWP 41 RGE 24 W4M NW SEC 30


ROFR UnknownOTHER CSS% LSE DATE: 1983 Jan 13

OPER: GLENCOEBASED ON 100.0%EFF DATE: 1983 Jan 13

PDBY GLENCOE 50.0%EXP DATE: 1988 Jan 12

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0012 C TWP 41 RGE 24 W4M W SEC 30

C-048-0298 AALL S/S GLENCOE 25.0%CR: 0483010010 NG TO BASE BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 1983 Jan 13



MNRL INT: 100.0


C-048-0298 A




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0506 A TWP 41 RGE 24 W4M E SEC 30

C-048-0298 AGLENCOE 25.0%CR: 0402080115 NG TO BASE BELLY RIVER

CAPL 1990LSE DATE: 2002 Aug 08

No ROFR AppliesEFF DATE: 2002 Aug 08

OPER: GLENCOEEXP DATE: 2007 Aug 07

MNRL INT: 100.0


C-048-0298 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0759 A TWP 41 RGE 25 W4M NE SEC 1


CAPL 1990BASED ON 100.0%EFF DATE: 2014 Jul 17 PNG TO BASE BELLY RIVER

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2019 Jul 16 (DRR AT EXPIRY)
















Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands















CUR INT OPER CONTNONCONV GORCUR INT: JV EARNED LSE TYPE: CR PNGM-048-0362 B TWP 41 RGE 25 W4M S SEC 2

C-800-0001 CALL 5.0%GLENCOE 45.0%CR: 21721 PNG TO BASE BELLY RIVER

CAPL 1990BASED ON 50.0%LSE DATE: 1970 May 13

ROFR AppliesPDBY GLENCOE 45.0%EFF DATE: 1970 May 13

OPER: GLENCOEEXP DATE: 1975 May 12

SLIDING SCALEMNRL INT: 100.0

ROYALTY LINKSALL S/S EXT CODE: 15

C-048-0260 BOTHER CSS%


PDBY GLENCOE 45.0%

CUR INT OPER CONTSLIDING SCALECUR INT: JV EARNED LSE TYPE: CR PNGM-048-0363 B TWP 41 RGE 25 W4M N SEC 2

C-800-0001 CALL S/S GLENCOE 45.0%CR: 21722 PNG TO BASE BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 1970 May 13

ROFR AppliesBASED ON 100.0%EFF DATE: 1970 May 13

OPER: GLENCOEPDBY GLENCOE 45.0%EXP DATE: 1975 May 12

MNRL INT: 100.0





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0260 BALL 5.0%


PDBY GLENCOE 45.0%

LSE TYPE: FH FEEM-048-0405 A TWP 41 RGE 25 W4M NW SEC 3

LSE DATE: 2004 Feb 13 PNG TO BASE BASAL BELLY RIVER

EFF DATE: 2004 Feb 13

EXP DATE: NIL

MNRL INT: 100.0

EXT CODE: HBP

CUR INT OPER CONTCUR INT: POOL LSE TYPE: FEE FEEM-048-0680 B TWP 41 RGE 25 W4M NE SEC 3

C-048-0215 AGLENCOE 6.836%LSE DATE: 2012 Jul 01 PNG TO BASE BASAL BELLY RIVER

CAPL 1990EFF DATE: 2012 Jul 01

No ROFR AppliesEXP DATE: NIL

OPER: QUESTFIREMNRL INT: 100.0

RENT INT OPER CONT

C-048-0215 A

CAPL 1990

No ROFR Applies

OPER: QUESTFIRE

NONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0771 A TWP 41 RGE 25 W4M SW SEC 3

ALL 17.5%GLENCOE 100.0%LSE DATE: 2015 May 06 PNG TO BASE BELLY RIVER

BASED ON 100.0%EFF DATE: 2015 May 06

PDBY GLENCOE 100.0%EXP DATE: 2018 May 05

MNRL INT: 100.0


C-048-0124 CHALL S/S GLENCOE 18.33984%CR: 38614 PETROLEUM TO BASE BELLY RIVER




MNRL INT: 100.0




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0109 AA TWP 41 RGE 25 W4M SW SEC 4

C-048-0435 AALL S/S GLENCOE 22.93%CR: 38614 (EXCL PRODUCTION FROM THE

ROFR UnknownOTHER CSS% LSE DATE: 1975 Apr 15 3-4 WELL)

OPER: GLENCOEBASED ON 100.0%EFF DATE: 1975 Apr 15 NG TO BASE EDMONTON

PDBY GLENCOE 18.33984%EXP DATE: 1985 Apr 14

RENT INT OPER CONTMNRL INT: 100.0

C-048-0435 AEXT CODE: 15

ROFR Unknown

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: PRODUCTIONLSE TYPE: CR PNGM-048-0109 AB TWP 41 RGE 25 W4M SW SEC 4

C-048-0289 AALL S/S GLENCOE 13.7565%CR: 38614 (PRODUCTION ONLY FROM THE

CAPL 1990OTHER CSS% LSE DATE: 1975 Apr 15 3-4 WELL)

No ROFR AppliesBASED ON 100.0%EFF DATE: 1975 Apr 15 NG TO BASE BELLY RIVER


MNRL INT: 100.0


C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0109 B TWP 41 RGE 25 W4M S NE SEC 4

C-048-0289 BALL S/S GLENCOE 13.7565%CR: 38614 NG BELOW BASE EDMONTON TO

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

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

OPER: GLENCOEPDBY GLENCOE 18.33984%EXP DATE: 1985 Apr 14 THE 3-4 WELL)

MNRL INT: 100.0


C-048-0289 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTSLIDING SCALECUR INT: PRODUCTIONLSE TYPE: CR PNGM-048-0109 BA TWP 41 RGE 25 W4M S NE SEC 4


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

No ROFR AppliesBASED ON 100.0%EFF DATE: 1975 Apr 15 3-4 WELL)


MNRL INT: 100.0


C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0109 C TWP 41 RGE 25 W4M E SEC 4

C-048-0124 CGALL S/S GLENCOE 18.33984%CR: 38614 PETROLEUM BELOW BASE EDMONTON

CAPL 1974OTHER CSS% LSE DATE: 1975 Apr 15 TO BASE BELLY RIVER



MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0109 CA TWP 41 RGE 25 W4M E SEC 4

C-048-0435 AALL S/S GLENCOE 22.93%CR: 38614 (EXCL PRODUCTION FROM 3-4

ROFR UnknownOTHER CSS% LSE DATE: 1975 Apr 15 WELL)

OPER: GLENCOEBASED ON 100.0%EFF DATE: 1975 Apr 15 NG TO BASE EDMONTON

PDBY GLENCOE 36.67968%EXP DATE: 1985 Apr 14


C-048-0435 AEXT CODE: 15

ROFR Unknown

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0109 CB TWP 41 RGE 25 W4M E SEC 4

C-048-0124 CDALL S/S GLENCOE 36.67968%CR: 38614 PETROLEUM TO BASE EDMONTON






Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0498 A TWP 41 RGE 25 W4M NW SEC 4

C-048-0289 BGLENCOE 13.7565%CR: 21724 NG BELOW BASE EDMONTON TO

CAPL 1990LSE DATE: 1970 May 13 BASE BELLY RIVER

No ROFR AppliesEFF DATE: 1970 May 13 (EXCLUDING PRODUCTION FROM

OPER: GLENCOEEXP DATE: 1980 May 12 THE 3-4 WELL)

MNRL INT: 100.0


C-048-0289 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0498 B TWP 41 RGE 25 W4M NW SEC 4

C-048-0289 AGLENCOE 22.93%CR: 21724 NG TO BASE EDMONTON

CAPL 1990LSE DATE: 1970 May 13 (EXCLUDING PRODUCTION FROM

No ROFR AppliesEFF DATE: 1970 May 13 THE 00/3-4 WELL)


MNRL INT: 100.0


C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTCUR INT: PRODUCTIONLSE TYPE: CR PNGM-048-0498 C TWP 41 RGE 25 W4M NW SEC 4

C-048-0289 AGLENCOE 13.7565%CR: 21724 NG TO BASE BELLY RIVER

CAPL 1990LSE DATE: 1970 May 13 (PRODUCTION ONLY FROM THE

No ROFR AppliesEFF DATE: 1970 May 13 3-4 WELL)


MNRL INT: 100.0





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0289 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE


C-048-0420 CALL 18.0%GLENCOE 90.0%LSE DATE: 2014 Nov 28 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Nov 28 PNG TO BASE BASAL BELLY RIVER








CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0652 C TWP 41 RGE 25 W4M SW SEC 5

C-048-0409 BALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Apr 25 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2013 Apr 25 PNG TO BASE BASAL BELLY RIVER



CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0660 C TWP 41 RGE 25 W4M SW SEC 5

C-048-0409 BALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Apr 25 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2013 Apr 25 PNG TO BASE BASAL BELLY RIVER











Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



CAPL 1990BASED ON 100.0%EFF DATE: 2014 Nov 28 PNG TO BASE BELLY RIVER









C-048-0420 CALL 18.0%GLENCOE 90.0%LSE DATE: 2014 Nov 28 (UNDIVIDED 2/24 or 1/12

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Nov 28 INTEREST)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2017 Nov 27 PNG TO BASE BASAL BELLY RIVER












NONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0780 A TWP 41 RGE 25 W4M SE SEC 5

ALL 17.0%GLENCOE 100.0%LSE DATE: 2015 May 27 PNG TO BASE BELLY RIVER



MNRL INT: 100.0




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0044 AB TWP 41 RGE 25 W4M SE SEC 6

C-048-0075 BBALL 3.0%GLENCOE 27.7519%CR: 0477010059 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 15.9375%LSE DATE: 1977 Jan 19





C-048-0083 COTHER CSS%


PDBY GLENCOE 27.7519%

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0044 BA TWP 41 RGE 25 W4M NE SEC 6

C-048-0075 CAALL 3.0%GLENCOE 27.7519%CR: 0477010059 PNG TO BASE BASAL BELLY RIVER









NONCONV LORCUR INT: WI LSE TYPE: FH OPTM-048-0654 A TWP 41 RGE 25 W4M S NE SEC 8

ALL 18.0%GLENCOE 95.0%LSE DATE: 2012 Sep 22 (UNDIVIDED 1/3 OR 3/9

BASED ON 100.0%EFF DATE: 2012 Sep 22 INTEREST)

PDBY GLENCOE 95.0%EXP DATE: NIL PNG TO BASE BELLY RIVER

MNRL INT: 33.334 (OPTION ONLY)


ALL 18.0%GLENCOE 95.0%LSE DATE: 2012 Sep 27 (UNDIVIDED 1/3 OR 3/9

BASED ON 100.0%EFF DATE: 2012 Sep 27 INTEREST)






Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

LSE TYPE: FH PNGM-048-0696 AA TWP 41 RGE 25 W4M E SEC 8

LSE DATE: 1979 Sep 12 PNG TO BASE BASAL BELLY RIVER

EFF DATE: 1979 Sep 12 FORMATION

EXP DATE: 1980 Sep 11

MNRL INT: 100.0

EXT CODE: HBP

CUR INT OPER CONTLSE TYPE: FH PNGM-048-0696 BA TWP 41 RGE 25 W4M SW SEC 8

C-048-0363 BLSE DATE: 1979 Sep 12 PNG TO BASE BASAL BELLY RIVER

CAPL 1981EFF DATE: 1979 Sep 12

No ROFR AppliesEXP DATE: 1980 Sep 11


EXT CODE: HBP

REF INT OPER CONT

C-048-0363 B

CAPL 1981

No ROFR Applies

OPER: QUESTFIRE


ALL 18.0%GLENCOE 100.0%LSE DATE: 2015 Jan 10 (UNDIVIDED 1/9 INTEREST)

BASED ON 100.0%EFF DATE: 2015 Jan 10 PNG TO BASE BELLY RIVER

PDBY GLENCOE 100.0%EXP DATE: NIL

MNRL INT: 11.111





MNRL INT: 11.111


ALL 18.0%GLENCOE 100.0%LSE DATE: 2015 Mar 09 (UNDIVIDED 1/9 INTEREST)

BASED ON 100.0%EFF DATE: 2015 Mar 09 PNG TO BASE BELLY RIVER





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

MNRL INT: 11.111

CUR INT OPER CONTCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0184 B TWP 41 RGE 25 W4M NE SEC 9

C-048-0206 AGAS 18.0%GLENCOE 3.375%LSE DATE: 1983 May 20 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1983 May 20 NG TO BASE BELLY RIVER



EXT CODE: HBP

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0184 E TWP 41 RGE 25 W4M NE SEC 9

C-048-0171 DCALL 18.0%GLENCOE 6.75%LSE DATE: 1983 May 20 (UNDIVIDED 1/2 INTEREST)

CAPL 1981BASED ON 100.0%EFF DATE: 1983 May 20 PET TO BASE BASAL BELLY RIVER

ROFR AppliesPDBY GLENCOE 6.75%EXP DATE: 1987 May 19


EXT CODE: HBP

LSE TYPE: FH PNGM-048-0549 C TWP 41 RGE 25 W4M NW SEC 9

LSE DATE: 1996 Mar 05 PNG TO BASE BASAL BELLY RIVER

EFF DATE: 1996 Mar 05

EXP DATE: 2001 Mar 04

MNRL INT: 100.0

EXT CODE: HBP

LSE TYPE: FH NGM-048-0550 C TWP 41 RGE 25 W4M NE SEC 9

LSE DATE: 1996 Jun 21 (UNDIVIDED 1/2 INTEREST)

EFF DATE: 1996 Jun 21 NG TO BASE BASAL BELLY RIVER

EXP DATE: 1998 Jun 20 FORMATION

MNRL INT: 50.0

EXT CODE: HBP

LSE TYPE: FH PNGM-048-0701 E TWP 41 RGE 25 W4M SW SEC 9

LSE DATE: 1976 Dec 15 PNG TO BASE BASAL BELLY RIVER

EFF DATE: 1976 Dec 15 FORMATION

EXP DATE: 1983 Dec 14

MNRL INT: 100.0




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HBP

NONCONV LORCUR INT: WI LSE TYPE: FH OPTM-048-0735 A TWP 41 RGE 25 W4M NE SEC 9

ALL 18.0%GLENCOE 90.0%LSE DATE: 2013 Aug 07 (UNDIVIDED 1/2 INTEREST)

BASED ON 100.0%EFF DATE: 2013 Aug 07 PNG TO BASE BELLY RIVER

PDBY GLENCOE 90.0%EXP DATE: NIL (OPTION ONLY)

MNRL INT: 50.0

NONCONV LORCUR INT: WI LSE TYPE: FH OPTM-048-0737 A TWP 41 RGE 25 W4M SW SEC 9

ALL 18.0%GLENCOE 90.0%LSE DATE: 2013 Aug 27 PNG TO BASE BELLY RIVER

BASED ON 100.0%EFF DATE: 2013 Aug 27 (OPTION ONLY)


MNRL INT: 100.0

NONCONV LORCUR INT: WI LSE TYPE: FH OPTM-048-0738 A TWP 41 RGE 25 W4M NW SEC 9

ALL 18.0%GLENCOE 90.0%LSE DATE: 2013 Aug 28 PNG TO BASE BELLY RIVER

BASED ON 100.0%EFF DATE: 2013 Aug 28 (OPTION ONLY)


MNRL INT: 100.0

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0744 A TWP 41 RGE 25 W4M SE SEC 9

C-048-0387 AALL 16.0%GLENCOE 90.0%LSE DATE: 2014 Nov 28 PNG TO BASE BASAL BELLY RIVER

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Nov 28



EXT CODE: HBP

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0046 D TWP 41 RGE 25 W4M SE SEC 10


CAPL 1990OTHER CSS% LSE DATE: 1972 Sep 25

No ROFR AppliesPDBY GLENCOE 86.0%EFF DATE: 1972 Sep 24

OPER: GLENCOEEXP DATE: 1982 Sep 23

MNRL INT: 100.0


C-048-0282 A




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990

No ROFR Applies

OPER: GLENCOE

SLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0046 F TWP 41 RGE 25 W4M SE SEC 10

ALL S/S GLENCOE 86.0%CR: 30960 PETROLEUM TO BASE BASAL BELLY

OTHER CSS% LSE DATE: 1972 Sep 25 RIVER

PDBY GLENCOE 86.0%EFF DATE: 1972 Sep 24

EXP DATE: 1982 Sep 23

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0047 C TWP 41 RGE 25 W4M NE SEC 10



No ROFR AppliesBASED ON 100.0%EFF DATE: 1959 Dec 03

OPER: GLENCOEPDBY GLENCOE 15.625%EXP DATE: 1980 Dec 02

MNRL INT: 100.0

RENT INT OPER CONTNONCONV GOREXT CODE: 15

C-048-0282 AALL 3.0%


No ROFR AppliesPDBY GLENCOE 62.5%

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 FE

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0047 F TWP 41 RGE 25 W4M NE SEC 10

C-048-0076 CBALL S/S GLENCOE 15.625%CR: 117858 PETROLEUM TO BASE BELLY RIVER




MNRL INT: 100.0





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0083 FIALL 3.0%


PDBY GLENCOE 62.5%

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0048 B TWP 41 RGE 25 W4M NW SEC 10

C-048-0282 AALL S/S GLENCOE 40.56%CR: 117858A NG TO BASE BELLY RIVER


No ROFR AppliesPDBY GLENCOE 15.625%EFF DATE: 1959 Dec 03

OPER: GLENCOEEXP DATE: 1980 Dec 02


RENT INT OPER CONTALL 3.0%EXT CODE: 15

C-048-0282 ABASED ON 12.5%

CAPL 1990PDBY GLENCOE 100.0%

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0083 FB

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0048 F TWP 41 RGE 25 W4M NW SEC 10

C-048-0076 CBALL S/S GLENCOE 15.625%CR: 117858A PETROLEUM TO BASE BELLY RIVER


No ROFR AppliesPDBY GLENCOE 15.625%EFF DATE: 1959 Dec 03



ROYALTY LINKSALL 3.0%EXT CODE: 15

C-048-0083 FBBASED ON 12.5%


CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0485 A TWP 41 RGE 25 W4M SW SEC 10

C-048-0282 AALL S/S GLENCOE 40.56%CR: 0404050155 NG TO BASE EDMONTON


No ROFR AppliesBASED ON 100.0%EFF DATE: 2004 May 06

OPER: GLENCOEPDBY GLENCOE 45.0%EXP DATE: 2009 May 05




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

MNRL INT: 100.0


C-048-0282 ASLIDING SCALE

CAPL 1990ALL S/S

No ROFR AppliesBASED ON 100.0%

OPER: GLENCOEPDBY GLENCOE 45.0%

ROYALTY LINKS

C-048-0293 A

ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0485 C TWP 41 RGE 25 W4M SW SEC 10

C-048-0442 ASLIDING SCALEGLENCOE 45.0%CR: 0404050155 PETROLEUM TO BASE EDMONTON

ROFR UnknownALL S/S LSE DATE: 2004 May 06

OPER: GLENCOEBASED ON 100.0%EFF DATE: 2004 May 06


ROYALTY LINKSMNRL INT: 100.0

C-048-0293 ASLIDING SCALEEXT CODE: 15

ROFR UnknownALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 45.0%

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-045-0057 A TWP 41 RGE 25 W4M NE SEC 11

C-048-0262 AALL S/S GLENCOE 46.8%CR: 0401100316 PETROLEUM TO BASE EDMONTON

CAPL 1990OTHER CSS% LSE DATE: 2001 Oct 18

No ROFR AppliesBASED ON 100.0%EFF DATE: 2001 Oct 18

OPER: GLENCOEPDBY GLENCOE 46.8%EXP DATE: 2006 Oct 17

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-045-0057 B TWP 41 RGE 25 W4M NE SEC 11


CAPL 1990OTHER CSS% LSE DATE: 2001 Oct 18 BASE BELLY RIVER

No ROFR AppliesBASED ON 100.0%EFF DATE: 2001 Oct 18 (EXCLUDING PRODUCTION FROM




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OPER: GLENCOEPDBY GLENCOE 23.4%EXP DATE: 2006 Oct 17 THE 00/3-11; 02/8-11; &

MNRL INT: 100.0 00/13-11 WELLS)


C-048-0288 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-045-0057 BA TWP 41 RGE 25 W4M NE SEC 11

C-048-0288 AAALL S/S GLENCOE 46.8%CR: 0401100316 NG TO BASE EDMONTON

CAPL 1990OTHER CSS% LSE DATE: 2001 Oct 18 (EXCLUDING PRODUCTION FROM

No ROFR AppliesBASED ON 100.0%EFF DATE: 2001 Oct 18 THE 00/3-11; 02/8-11; &

OPER: GLENCOEPDBY GLENCOE 46.8%EXP DATE: 2006 Oct 17 00/13-11 WELLS)

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: PRODUCTIONLSE TYPE: CR PNGM-045-0057 BB TWP 41 RGE 25 W4M NE SEC 11

C-048-0288 CALL S/S GLENCOE 19.6065%CR: 0401100316 NG TO BASE BELLY RIVER

CAPL 1990OTHER CSS% LSE DATE: 2001 Oct 18 (PRODUCTION ONLY FROM THE

No ROFR AppliesBASED ON 100.0%EFF DATE: 2001 Oct 18 00/3-11; 02/8-11, 00/13-11

OPER: GLENCOEPDBY GLENCOE 23.4%EXP DATE: 2006 Oct 17 WELLS)

MNRL INT: 100.0


C-048-0288 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-045-0057 H TWP 41 RGE 25 W4M NE SEC 11

C-048-0262 ABALL S/S GLENCOE 23.4%CR: 0401100316 PETROLEUM BELOW BASE EDMONTON

CAPL 1990OTHER CSS% LSE DATE: 2001 Oct 18 TO BASE BELLY RIVER

No ROFR AppliesBASED ON 100.0%EFF DATE: 2001 Oct 18

OPER: GLENCOEPDBY GLENCOE 23.4%EXP DATE: 2006 Oct 17

MNRL INT: 100.0

EXT CODE: 15




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTCONV GORCUR INT: BPO LSE TYPE: CR PNGM-048-0110 AF TWP 41 RGE 25 W4M SE SEC 11

C-048-0124 DBALL 2.5%GLENCOE 23.4%CR: 38615 PETROLEUM TO BASE BASAL BELLY

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

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

OPER: GLENCOEGLENCOE 18.33984%EXP DATE: 1985 Apr 14


REF INT OPER CONTALL S/S ROYALTY INTEXT CODE: 15

C-048-0124 DBOTHER CSS% CONV GOR

CAPL 1974BASED ON 100.0%ALL 2.5%

No ROFR AppliesPDBY GLENCOE 23.4%BASED ON 50.0%

OPER: GLENCOEPDTO GLENCOE 3.15936%

ROYALTY LINKS

C-048-0124 DB

CAPL 1974

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0110 AG TWP 41 RGE 25 W4M SE SEC 11




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

MNRL INT: 100.0 WELLS)


C-048-0288 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0110 AH TWP 41 RGE 25 W4M SE SEC 11


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

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

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




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: PRODUCTIONLSE TYPE: CR PNGM-048-0110 AI TWP 41 RGE 25 W4M SE SEC 11



No ROFR AppliesBASED ON 100.0%EFF DATE: 1975 Apr 15 00/3-11; 02/8-11; & 00/13-11

OPER: GLENCOEPDBY GLENCOE 18.33984%EXP DATE: 1985 Apr 14 WELLS)

MNRL INT: 100.0


C-048-0288 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0110 BE TWP 41 RGE 25 W4M W SEC 11

C-048-0124 DCALL S/S GLENCOE 18.33984%CR: 38615 PETROLEUM TO BASE BASAL BELLY

CAPL 1974OTHER CSS% LSE DATE: 1975 Apr 15 RIVER



MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0110 BF TWP 41 RGE 25 W4M W SEC 11




OPER: GLENCOEPDBY GLENCOE 18.33984%EXP DATE: 1985 Apr 14 THE 00/3-11; 02/8-11; &

MNRL INT: 100.0 00/13-11 WELLS)


C-048-0288 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0110 BG TWP 41 RGE 25 W4M W SEC 11


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

No ROFR AppliesBASED ON 100.0%EFF DATE: 1975 Apr 15 THE 02/8-11; 3-11; 13-11


MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: PRODUCTIONLSE TYPE: CR PNGM-048-0110 BI TWP 41 RGE 25 W4M W SEC 11



No ROFR AppliesBASED ON 100.0%EFF DATE: 1975 Apr 15 00/3-11; 02/8-11; & 00/13-11


MNRL INT: 100.0


C-048-0288 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL-EARN LSE TYPE: CR PNGM-048-0090 B TWP 41 RGE 25 W4M NE SEC 12

C-048-0294 AALL S/S GLENCOE 15.813%CR: 34154A (PRODUCTION ONLY FROM THE

CAPL 1990OTHER CSS% LSE DATE: 1991 Mar 27 102/4-12 WELL)

No ROFR AppliesBASED ON 100.0%EFF DATE: 1974 Mar 06 NG TO BASE BELLY RIVER

OPER: GLENCOEPDBY GLENCOE 3.15936%EXP DATE: 1984 Mar 05

MNRL INT: 100.0


C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0090 C TWP 41 RGE 25 W4M NE SEC 12

C-048-0151 CALL S/S GLENCOE 3.15936%CR: 34154A PETROLEUM BELOW BASE EDMONTON

CAPL 1981OTHER CSS% LSE DATE: 1991 Mar 27 TO BASE BELLY RIVER




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


OPER: ALEXANDERPDBY GLENCOE 3.15936%EXP DATE: 1984 Mar 05

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0090 F TWP 41 RGE 25 W4M NE SEC 12

C-048-0151 DALL S/S GLENCOE 6.31872%CR: 34154A PETROLEUM TO BASE EDMONTON



OPER: ALEXANDERPDBY GLENCOE 6.31872%EXP DATE: 1984 Mar 05

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0090 G TWP 41 RGE 25 W4M NE SEC 12

C-048-0437 AALL S/S GLENCOE 28.2996%CR: 34154A (EXCLUDING PRODUCTION FROM

ROFR UnknownOTHER CSS% LSE DATE: 1991 Mar 27 THE 102/4-12 WELL - **POOLING

OPER: GLENCOEBASED ON 100.0%EFF DATE: 1974 Mar 06 REQUIRED**)

PDBY GLENCOE 6.31872%EXP DATE: 1984 Mar 05 NG TO BASE EDMONTON


C-048-0437 AEXT CODE: 15

ROFR Unknown

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL-EARN LSE TYPE: CR PNGM-048-0090 H TWP 41 RGE 25 W4M NE SEC 12

C-048-0294 CALL S/S GLENCOE 15.813%CR: 34154A NG BELOW BASE EDMONTON TO

CAPL 1990OTHER CSS% LSE DATE: 1991 Mar 27 BASE BELLY RIVER



MNRL INT: 100.0


C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0124 ADALL S/S GLENCOE 13.27968%CR: 34155 PETROLEUM TO BASE BELLY RIVER




MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL-EARN LSE TYPE: CR PNGM-048-0112 AB TWP 41 RGE 25 W4M SW SEC 12

C-048-0294 AALL S/S GLENCOE 15.813%CR: 34155 (PRODUCTION FROM 102/4-12

CAPL 1990OTHER CSS% LSE DATE: 1974 Mar 06 ONLY)

No ROFR AppliesBASED ON 100.0%EFF DATE: 1974 Mar 06 NG TO BASE BELLY RIVER


MNRL INT: 100.0


C-048-0294 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL-EARN LSE TYPE: CR PNGM-048-0112 AD TWP 41 RGE 25 W4M SW SEC 12

C-048-0294 CALL S/S GLENCOE 15.813%CR: 34155 NG BELOW BASE EDMONTON TO




MNRL INT: 100.0


C-048-0294 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0112 AE TWP 41 RGE 25 W4M SW SEC 12

C-048-0437 AALL S/S GLENCOE 28.2996%CR: 34155 (EXCL PRODUCTION FROM THE

ROFR UnknownOTHER CSS% LSE DATE: 1974 Mar 06 102/4-12 WELL - **POOLING




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OPER: GLENCOEBASED ON 100.0%EFF DATE: 1974 Mar 06 REQUIRED**)

PDBY GLENCOE 13.27968%EXP DATE: 1984 Mar 05 NG TO BASE EDMONTON


C-048-0437 AEXT CODE: 15

ROFR Unknown

OPER: GLENCOE

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0112 B TWP 41 RGE 25 W4M NW SEC 12

C-048-0124 AAALL 10.0%GLENCOE 46.8%CR: 34155 PETROLEUM TO BASE EDMONTON

CAPL 1974BASED ON 17.5%LSE DATE: 1974 Mar 06

No ROFR AppliesPDBY GLENCOE 46.8%ROYALTY INTEFF DATE: 1974 Mar 06

OPER: GLENCOENONCONV GOREXP DATE: 1984 Mar 05

SLIDING SCALEALL 10.0%MNRL INT: 100.0

ROYALTY LINKSALL S/S BASED ON 41.25%EXT CODE: 15

C-048-0124 AAOTHER CSS% PDTO GLENCOE 7.65909%



C-048-0124 AA

CAPL 1974NONCONV GOR

No ROFR AppliesALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 46.8%

CUR INT OPER CONTSLIDING SCALECUR INT: POOL-EARN LSE TYPE: CR PNGM-048-0112 BB TWP 41 RGE 25 W4M NW SEC 12



No ROFR AppliesBASED ON 100.0%ROYALTY INTEFF DATE: 1974 Mar 06 NG TO BASE EDMONTON

OPER: GLENCOEPDBY GLENCOE 23.4%NONCONV GOREXP DATE: 1984 Mar 05

ALL 10.0%MNRL INT: 100.0

RENT INT OPER CONTNONCONV GORBASED ON 41.25%EXT CODE: 15

C-048-0294 AALL 10.0%PDTO GLENCOE 7.65909%



OPER: GLENCOE

NONCONV GOR




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROYALTY LINKSALL 10.0%

C-048-0124 AIBASED ON 41.25%


No ROFR Applies

C-048-0124 AI

CAPL 1974

No ROFR Applies

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0112 BC TWP 41 RGE 25 W4M NW SEC 12

C-048-0124 AFALL 10.0%GLENCOE 23.4%CR: 34155 PETROLEUM BELOW BASE EDMONTON

CAPL 1974BASED ON 17.5%LSE DATE: 1974 Mar 06 TO BASE BELLY RIVER



NONCONV GORALL 10.0%MNRL INT: 100.0

ROYALTY LINKSALL 10.0%BASED ON 41.25%EXT CODE: 15

C-048-0124 AFBASED ON 41.25%PDTO GLENCOE 3.829545%


No ROFR Applies

C-048-0124 AFSLIDING SCALE

CAPL 1974ALL S/S

No ROFR AppliesOTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

CUR INT OPER CONTNONCONV GORCUR INT: POOL LSE TYPE: CR PNGM-048-0112 BE TWP 41 RGE 25 W4M NW SEC 12

C-048-0437 AALL 10.0%GLENCOE 28.2996%CR: 34155 (EXCL PRODUCTION FROM THE

ROFR UnknownBASED ON 17.5%LSE DATE: 1974 Mar 06 102/4-12 WELL - **POOLING

OPER: GLENCOEPDBY GLENCOE 46.8%ROYALTY INTEFF DATE: 1974 Mar 06 REQUIRED**)

NONCONV GOREXP DATE: 1984 Mar 05 NG TO BASE EDMONTON

RENT INT OPER CONTNONCONV GORALL 10.0%MNRL INT: 100.0

C-048-0437 AALL 10.0%BASED ON 41.25%EXT CODE: 15

ROFR UnknownBASED ON 41.25%PDTO GLENCOE 7.65909%


ROYALTY LINKSSLIDING SCALE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0124 AEALL S/S

CAPL 1974OTHER CSS%


C-048-0124 AEPDBY GLENCOE 46.8%

CAPL 1974

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: POOL-EARN LSE TYPE: CR PNGM-048-0112 BF TWP 41 RGE 25 W4M NW SEC 12



No ROFR AppliesBASED ON 100.0%ROYALTY INTEFF DATE: 1974 Mar 06




C-048-0294 CALL 10.0%PDTO GLENCOE 3.829545%



OPER: GLENCOE

NONCONV GOR


C-048-0124 AJBASED ON 41.25%


No ROFR Applies

C-048-0124 AJ

CAPL 1974

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0113 A TWP 41 RGE 25 W4M SE SEC 12

C-048-0124 AAALL S/S GLENCOE 46.8%CR: 34154 PETROLEUM TO BASE EDMONTON





ROYALTY LINKSNONCONV GORBASED ON 41.25%EXT CODE: 15

C-048-0124 AAALL 10.0%PDTO GLENCOE 7.65909%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



C-048-0124 AA

CAPL 1974NONCONV GOR

No ROFR AppliesALL 10.0%

BASED ON 41.25%

PDBY GLENCOE 46.8%

CUR INT OPER CONTSLIDING SCALECUR INT: POOL-EARN LSE TYPE: CR PNGM-048-0113 C TWP 41 RGE 25 W4M SE SEC 12



No ROFR AppliesBASED ON 100.0%ROYALTY INTEFF DATE: 1974 Mar 06 NG TO BASE BELLY RIVER




C-048-0294 AALL 10.0%PDTO GLENCOE 7.65909%



OPER: GLENCOE

NONCONV GOR


C-048-0124 AIBASED ON 41.25%


No ROFR Applies

C-048-0124 AI

CAPL 1974

No ROFR Applies

CUR INT OPER CONTNONCONV GORCUR INT: POOL LSE TYPE: CR PNGM-048-0113 D TWP 41 RGE 25 W4M SE SEC 12

C-048-0437 AALL 10.0%GLENCOE 28.2996%CR: 34154 (EXCL PRODUCTION FROM

ROFR UnknownBASED ON 17.5%LSE DATE: 1974 Mar 06 102/4-12 - POOLING REQUIRED)

OPER: GLENCOEPDBY GLENCOE 46.8%ROYALTY INTEFF DATE: 1974 Mar 06 NG TO BASE EDMONTON

NONCONV GOREXP DATE: 1984 Mar 05

RENT INT OPER CONTNONCONV GORALL 10.0%MNRL INT: 100.0

C-048-0437 AALL 10.0%BASED ON 41.25%EXT CODE: 15




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROFR UnknownBASED ON 41.25%PDTO GLENCOE 7.65909%


ROYALTY LINKSSLIDING SCALE

C-048-0124 AEALL S/S

CAPL 1974OTHER CSS%


C-048-0124 AEPDBY GLENCOE 46.8%

CAPL 1974

No ROFR Applies

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0113 E TWP 41 RGE 25 W4M SE SEC 12

C-048-0124 AFALL 10.0%GLENCOE 23.4%CR: 34154 PETROLEUM BELOW BASE EDMONTON

CAPL 1974BASED ON 17.5%LSE DATE: 1974 Mar 06 TO BASE BELLY RIVER



NONCONV GORALL 10.0%MNRL INT: 100.0


C-048-0124 AFBASED ON 41.25%PDTO GLENCOE 3.829545%


No ROFR Applies

C-048-0124 AFSLIDING SCALE

CAPL 1974ALL S/S

No ROFR AppliesOTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 23.4%

CUR INT OPER CONTSLIDING SCALECUR INT: POOL-EARN LSE TYPE: CR PNGM-048-0113 G TWP 41 RGE 25 W4M SE SEC 12







C-048-0294 CALL 10.0%PDTO GLENCOE 3.829545%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



OPER: GLENCOE

NONCONV GOR


C-048-0124 AJBASED ON 41.25%


No ROFR Applies

C-048-0124 AJ

CAPL 1974

No ROFR Applies

CUR INT OPER CONTCONV GORCUR INT: POOL LSE TYPE: FH PNGM-048-0349 B TWP 41 RGE 25 W4M SW SEC 13

C-048-0252 AALL 4.0%GLENCOE 7.542%LSE DATE: 2001 May 30 NG IN BELLY RIVER

CAPL 1990BASED ON 50.0%EFF DATE: 2001 May 30

No ROFR AppliesPDBY GLENCOE 18.0%REF INT: APPI EXP DATE: 2004 May 29

OPER: ALEXANDERGLENCOE 15.07968%MNRL INT: 100.0

NONCONV GOREXT CODE: HBP

REF INT OPER CONTALL 7.0%ROYALTY INT

C-048-0252 ABASED ON 100.0%CONV GOR

CAPL 1990PDBY GLENCOE 7.542%ALL 4.0%


OPER: ALEXANDERNONCONV LORPDTO GLENCOE 14.19372%

ALL 15.0%

RENT INT OPER CONTBASED ON 100.0%

C-048-0252 APDBY GLENCOE 18.0%

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

ROYALTY LINKS

C-048-0124 B

CAPL 1974

No ROFR Applies

C-048-0304 B




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: BPO LSE TYPE: FH PNGM-048-0349 E TWP 41 RGE 25 W4M SW SEC 13

C-048-0124 BBALL 15.0%GLENCOE 18.0%LSE DATE: 2001 May 30 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 100.0%EFF DATE: 2001 May 30 EXCL NG IN BELLY RIVER

No ROFR AppliesPDBY GLENCOE 18.0%REF INT: APO EXP DATE: 2004 May 29


CONV GOREXT CODE: HBP

REF INT OPER CONTALL 4.0%ROYALTY INT

C-048-0124 BBBASED ON 50.0%CONV GOR

CAPL 1974PDBY GLENCOE 18.0%ALL 4.0%


OPER: ALEXANDERNONCONV GORPDTO GLENCOE 6.31872%

ALL 7.0%

ROYALTY LINKSBASED ON 100.0%

C-048-0304 DPDBY GLENCOE 18.0%

ROFR Unknown

C-048-0124 BB

CAPL 1974

No ROFR Applies

CUR INT OPER CONTCUR INT: POOL LSE TYPE: FH PNGM-048-0507 A TWP 41 RGE 25 W4M SE SEC 13

C-048-0252 AGLENCOE 7.542%LSE DATE: 2009 Oct 21 NG IN BELLY RIVER

CAPL 1990EFF DATE: 2009 Oct 21

No ROFR AppliesREF INT: APPI EXP DATE: 2010 Oct 20


EXT CODE: HBP

REF INT OPER CONT

C-048-0252 A

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

RENT INT OPER CONT

C-048-0252 A




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990

No ROFR Applies

OPER: ALEXANDER

LSE TYPE: FH PNGM-048-0507 D TWP 41 RGE 25 W4M SE SEC 13

LSE DATE: 2009 Oct 21 PNG TO BASE BASAL BELLY RIVER

EFF DATE: 2009 Oct 21 EXCL NG IN BELLY RIVER

EXP DATE: 2010 Oct 20

MNRL INT: 100.0

EXT CODE: HBP

CUR INT OPER CONTCUR INT: POOL LSE TYPE: FH PNGM-048-0560 A TWP 41 RGE 25 W4M NE SEC 13

C-048-0252 AGLENCOE 7.542%LSE DATE: 1982 Nov 02 NG IN BELLY RIVER

CAPL 1990EFF DATE: 1982 Nov 02

No ROFR AppliesREF INT: APPI EXP DATE: 1985 Nov 01


EXT CODE: HBP

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



CAPL 1990BASED ON 100.0%EFF DATE: 2012 Jun 02 NG IN BELLY RIVER

No ROFR AppliesPDBY GLENCOE 12.168%REF INT: APPI EXP DATE: 2015 Jun 01


EXT CODE: HBP




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

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

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0714 E TWP 41 RGE 25 W4M NW SEC 13

C-048-0125 ABALL 17.0%GLENCOE 12.15936%LSE DATE: 2012 Jun 02 (UNDIVIDED 1/4 INTEREST)

CAPL 1974BASED ON 100.0%EFF DATE: 2012 Jun 02 PNG TO BASE BASAL BELLY RIVER

No ROFR AppliesPDBY GLENCOE 12.15936%EXP DATE: 2015 Jun 01 EXCL NG IN BELLY RIVER

OPER: ALEXANDERMNRL INT: 25.0

EXT CODE: HBP




No ROFR AppliesPDBY GLENCOE 12.168%REF INT: APPI EXP DATE: 2015 Jun 06


EXT CODE: HBP

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




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OPER: ALEXANDER




No ROFR AppliesPDBY GLENCOE 12.15936%EXP DATE: 2015 Jun 06 EXCL NG IN BELLY RIVER


EXT CODE: HBP






EXT CODE: HBP

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



CAPL 1974BASED ON 100.0%EFF DATE: 2012 Jun 01 PETROLEUM TO BASE BELLY RIVER



EXT CODE: HBP





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands





EXT CODE: HBP

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




No ROFR AppliesPDBY GLENCOE 12.15936%EXP DATE: 2015 May 31 EXCL NG IN BELLY RIVER


EXT CODE: HBP

CUR INT OPER CONTSLIDING SCALECUR INT: BPO LSE TYPE: CR PNGM-048-0111 A TWP 41 RGE 25 W4M SE SEC 14

C-048-0124 FAALL S/S GLENCOE 46.8%CR: 38616 PETROLEUM TO BASE BELLY RIVER


No ROFR AppliesBASED ON 100.0%REF INT: APO EFF DATE: 1975 Apr 15

OPER: GLENCOEPDBY GLENCOE 46.8%GLENCOE 36.67968%EXP DATE: 1985 Apr 14

MNRL INT: 100.0

REF INT OPER CONTCONV GORROYALTY INTEXT CODE: 15

C-048-0124 FAALL 2.5%CONV GOR







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROYALTY LINKS

C-048-0124 FA

CAPL 1974

No ROFR Applies

CUR INT OPER CONTCONV GORCUR INT: POOL LSE TYPE: CR PNGM-048-0111 AB TWP 41 RGE 25 W4M SE SEC 14

C-048-0295 AALL 2.5%GLENCOE 39.213%CR: 38616 NG TO BASE BELLY RIVER

CAPL 1990BASED ON 50.0%LSE DATE: 1975 Apr 15

No ROFR AppliesPDBY GLENCOE 46.8%REF INT: POOL-EARN EFF DATE: 1975 Apr 15

OPER: GLENCOEGLENCOE 39.213%EXP DATE: 1985 Apr 14


REF INT OPER CONTALL S/S ROYALTY INTEXT CODE: 15

C-048-0295 AOTHER CSS% CONV GOR




RENT INT OPER CONT

C-048-0295 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0124 FA

CAPL 1974

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0111 B TWP 41 RGE 25 W4M W SEC 14

C-048-0124 FALL S/S GLENCOE 36.67968%CR: 38616 PETROLEUM TO BASE BELLY RIVER




MNRL INT: 100.0




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0111 BB TWP 41 RGE 25 W4M W SEC 14



No ROFR AppliesBASED ON 100.0%REF INT: POOL-EARN EFF DATE: 1975 Apr 15


MNRL INT: 100.0

REF INT OPER CONTEXT CODE: 15

C-048-0295 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0295 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0111 CB TWP 41 RGE 25 W4M NE SEC 14





MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0111 CC TWP 41 RGE 25 W4M NE SEC 14



No ROFR AppliesBASED ON 100.0%REF INT: POOL-EARN EFF DATE: 1975 Apr 15


MNRL INT: 100.0

REF INT OPER CONTEXT CODE: 15




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0295 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

RENT INT OPER CONT

C-048-0295 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0049 F TWP 41 RGE 25 W4M SE SEC 15

C-048-0078 AEALL 12.5%GLENCOE 31.25%LSE DATE: 1973 Dec 20 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 100.0%EFF DATE: 1973 Dec 20

No ROFR AppliesPDBY GLENCOE 31.25%EXP DATE: 1978 Dec 19


NONCONV GOREXT CODE: HB UNIT


C-048-0083 BCBASED ON 25.0%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0050 F TWP 41 RGE 25 W4M SW SEC 15

C-048-0078 AEALL 3.0%GLENCOE 31.25%LSE DATE: 1973 Jun 20 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 25.0%EFF DATE: 1973 Jun 20



NONCONV LOREXT CODE: HB UNIT


C-048-0083 BCBASED ON 100.0%


CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0051 F TWP 41 RGE 25 W4M NW SEC 15

C-048-0078 CCALL 12.5%GLENCOE 31.25%LSE DATE: 1973 Jun 19 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 100.0%EFF DATE: 1973 Jun 19





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


NONCONV GOREXT CODE: HB UNIT


C-048-0083 HCBASED ON 25.0%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0052 F TWP 41 RGE 25 W4M NE SEC 15

C-048-0078 AEALL 3.0%GLENCOE 31.25%LSE DATE: 1974 Nov 27 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 25.0%EFF DATE: 1974 Nov 27





C-048-0083 BCBASED ON 100.0%


NONCONV LORCUR INT: WI LSE TYPE: FH OPTM-048-0650 A TWP 41 RGE 25 W4M SE SEC 15

ALL 18.0%GLENCOE 100.0%LSE DATE: 2012 Jul 27 (UNDIVIDED 1/3 INTEREST)

BASED ON 100.0%EFF DATE: 2012 Jul 27 PNG TO BASE BELLY RIVER


MNRL INT: 33.33


ALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Feb 15 (UNDIVIDED 1/3 INTEREST)

BASED ON 100.0%EFF DATE: 2013 Feb 15 PNG TO BASE BELLY RIVER


MNRL INT: 33.33





MNRL INT: 50.0





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Mar 05 (UNDIVIDED 1/2 INTEREST)

BASED ON 100.0%EFF DATE: 2013 Mar 05 PNG TO BASE BELLY RIVER


MNRL INT: 50.0





MNRL INT: 33.33

NONCONV LORCUR INT: WI LSE TYPE: FH OPTM-048-0713 A TWP 41 RGE 25 W4M SW SEC 15

ALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Mar 27 PNG TO BASE BELLY RIVER

BASED ON 100.0%EFF DATE: 2013 Mar 27 (OPTION ONLY)


MNRL INT: 100.0

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0053 A TWP 41 RGE 25 W4M SE SEC 16

C-048-0076 DALL S/S GLENCOE 7.8125%CR: 117859 PETROLEUM TO BASE EDMONTON




MNRL INT: 100.0


C-048-0083 KALL 3.0%


PDBY GLENCOE 50.0%

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0053 B TWP 41 RGE 25 W4M SE SEC 16


CAPL 1990OTHER CSS% LSE DATE: 1960 Jan 21 02/4-16-41-25W4 WELL)

No ROFR AppliesBASED ON 100.0%EFF DATE: 1959 Dec 03 NG TO BASE EDMONTON


MNRL INT: 100.0





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0283 AALL 3.0%



OPER: GLENCOE

ROYALTY LINKS

C-048-0083 KA

ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: POOL LSE TYPE: CR PNGM-048-0053 F TWP 41 RGE 25 W4M SE SEC 16

C-048-0283 BALL 3.0%GLENCOE 35.703125%CR: 117859 (PRODUCTION ONLY FROM 2-16;

CAPL 1990BASED ON 12.5%LSE DATE: 1960 Jan 21 9-16 AND 14-16)

No ROFR AppliesPDBY GLENCOE 50.0%EFF DATE: 1959 Dec 03 NG TO BASE EDMONTON



RENT INT OPER CONTALL S/S EXT CODE: 15

C-048-0283 BOTHER CSS%



OPER: GLENCOE

ROYALTY LINKS

C-048-0083 K

ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0053 G TWP 41 RGE 25 W4M SE SEC 16

C-048-0076 DCALL 3.0%GLENCOE 15.625%CR: 117859 PNG BELOW BASE EDMONTON TO

CAPL 1974BASED ON 12.5%LSE DATE: 1960 Jan 21 BASE BASAL BELLY RIVER

No ROFR AppliesPDBY GLENCOE 100.0%EFF DATE: 1959 Dec 03 FORMATION




C-048-0083 KBOTHER CSS%






Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTNONCONV GORCUR INT: POOL LSE TYPE: CR PNGM-048-0053 H TWP 41 RGE 25 W4M SE SEC 16

C-048-0283 CALL 3.0%GLENCOE 46.953125%CR: 117859 (EXCL PRODUCTION FROM

CAPL 1990BASED ON 12.5%LSE DATE: 1960 Jan 21 2-16;2/4-16; 9-16 & 14-16)

No ROFR AppliesPDBY GLENCOE 50.0%EFF DATE: 1959 Dec 03 NG TO BASE EDMONTON



RENT INT OPER CONTALL S/S EXT CODE: 15




OPER: GLENCOE

ROYALTY LINKS

C-048-0083 K

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0270 A TWP 41 RGE 25 W4M N SEC 16


ROFR UnknownOTHER CSS% LSE DATE: 2000 Mar 09

OPER: GLENCOEBASED ON 100.0%EFF DATE: 2000 Mar 09

PDBY GLENCOE 45.0%EXP DATE: 2005 Mar 08

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0270 B TWP 41 RGE 25 W4M N SEC 16

C-048-0283 AALL S/S GLENCOE 71.40625%CR: 0400030123 (PRODUCTION ONLY FROM


No ROFR AppliesBASED ON 100.0%EFF DATE: 2000 Mar 09 NG TO BASE EDMONTON


MNRL INT: 100.0


C-048-0283 A

CAPL 1990

No ROFR Applies




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0270 D TWP 41 RGE 25 W4M N SEC 16

C-048-0283 BALL S/S GLENCOE 35.703125%CR: 0400030123 (PRODUCTION ONLY FROM THE

CAPL 1990OTHER CSS% LSE DATE: 2000 Mar 09 2-16, 9-16 & 14-16 WELLS)

No ROFR AppliesBASED ON 100.0%EFF DATE: 2000 Mar 09 NG TO BASE EDMONTON


MNRL INT: 100.0


C-048-0283 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0270 E TWP 41 RGE 25 W4M N SEC 16

C-048-0283 CALL S/S GLENCOE 46.953125%CR: 0400030123 (EXCL PRODUCTION FROM THE

CAPL 1990OTHER CSS% LSE DATE: 2000 Mar 09 2-16, 02/4-16, 9-16 & 14-16

No ROFR AppliesBASED ON 100.0%EFF DATE: 2000 Mar 09 WELLS)

OPER: GLENCOEPDBY GLENCOE 45.0%EXP DATE: 2005 Mar 08 NG TO BASE EDMONTON

MNRL INT: 100.0


C-048-0283 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE



CAPL 1990OTHER CSS% LSE DATE: 2002 Jul 11

No ROFR AppliesBASED ON 100.0%EFF DATE: 2002 Jul 11

OPER: GLENCOEPDBY GLENCOE 90.0%EXP DATE: 2007 Jul 10

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0350 B TWP 41 RGE 25 W4M SW SEC 16




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0283 AALL S/S GLENCOE 71.40625%CR: 0402070127 (PRODUCTION ONLY FROM

CAPL 1990OTHER CSS% LSE DATE: 2002 Jul 11 02/4-16-41-25 W4 WELL)

No ROFR AppliesBASED ON 100.0%EFF DATE: 2002 Jul 11 NG TO BASE EDMONTON


MNRL INT: 100.0


C-048-0283 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0350 D TWP 41 RGE 25 W4M SW SEC 16

C-048-0283 BALL S/S GLENCOE 35.703125%CR: 0402070127 (PRODUCTION ONLY FROM THE

CAPL 1990OTHER CSS% LSE DATE: 2002 Jul 11 2-16; 9-16 AND 14-16 WELLS)

No ROFR AppliesBASED ON 100.0%EFF DATE: 2002 Jul 11 NG TO BASE EDMONTON


MNRL INT: 100.0


C-048-0283 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0350 E TWP 41 RGE 25 W4M SW SEC 16

C-048-0283 CALL S/S GLENCOE 46.953125%CR: 0402070127 (EXCL PRODUCTION FROM THE

CAPL 1990OTHER CSS% LSE DATE: 2002 Jul 11 2-16; 02/4-16; 9-16 & 14-16

No ROFR AppliesBASED ON 100.0%EFF DATE: 2002 Jul 11 WELLS)

OPER: GLENCOEPDBY GLENCOE 90.0%EXP DATE: 2007 Jul 10 NG TO BASE EDMONTON

MNRL INT: 100.0


C-048-0283 C

CAPL 1990

No ROFR Applies

OPER: GLENCOE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0605 DA TWP 41 RGE 25 W4M NE SEC 16

C-048-0391 AALL S/S GLENCOE 47.5%CR: 0411070418 PNG BELOW BASE EDMONTON TO

CAPL 1990OTHER CSS% LSE DATE: 2011 Jul 28 BASE BELLY RIVER

No ROFR AppliesBASED ON 100.0%EFF DATE: 2011 Jul 28 (SRR & DRR)


MNRL INT: 100.0

EXT CODE: 17

EXT DATE: 2017 Jul 27

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0308 C TWP 41 RGE 25 W4M SE SEC 17

C-048-0421 AALL 15.0%GLENCOE 90.0%LSE DATE: 2002 Mar 08 PNG TO BASE BELLY RIVER

CAPL 1990BASED ON 100.0%EFF DATE: 2002 Mar 08

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2005 Mar 07


EXT CODE: HBP

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0312 C TWP 41 RGE 25 W4M NW SEC 17

C-048-0421 AALL 15.0%GLENCOE 90.0%LSE DATE: 2000 Oct 11 PNG TO BASE BELLY RIVER

CAPL 1990BASED ON 100.0%EFF DATE: 2000 Oct 11

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2004 Oct 10


EXT CODE: HBP

CUR INT OPER CONTCUR INT: POOL LSE TYPE: FH NGM-048-0353 A TWP 41 RGE 25 W4M SW SEC 17

C-048-0248 AGLENCOE 45.0%LSE DATE: 2002 Jun 10 NG TO BASE BELLY RIVER

CAPL 1990EFF DATE: 2002 Jun 10

ROFR AppliesEXP DATE: 2003 Jun 09

OPER: CANADIAN NMNRL INT: 100.0

EXT CODE: HBP

RENT INT OPER CONT

C-048-0248 A

CAPL 1990

ROFR Applies

OPER: CANADIAN N




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTCUR INT: POOL LSE TYPE: FH NGM-048-0354 A TWP 41 RGE 25 W4M NE SEC 17

C-048-0248 AGLENCOE 45.0%LSE DATE: 2001 May 02 NG TO BASE BELLY RIVER

CAPL 1990EFF DATE: 2001 May 02

ROFR AppliesEXP DATE: 2002 May 01

OPER: CANADIAN NMNRL INT: 100.0

EXT CODE: HBP

RENT INT OPER CONT

C-048-0248 A

CAPL 1990

ROFR Applies

OPER: CANADIAN N


ALL 18.0%GLENCOE 95.0%LSE DATE: 2012 Apr 12 PNG TO BASE BELLY RIVER

BASED ON 100.0%EFF DATE: 2012 Apr 12 (OPTION ONLY)


MNRL INT: 100.0

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0639 AA TWP 41 RGE 25 W4M E SEC 21

C-048-0408 BALL 3.25%GLENCOE 80.0%LSE DATE: 2013 Jan 11 (UNDIVIDED 1/7 INTEREST)

CAPL 1990BASED ON 84.375%EFF DATE: 2013 Jan 11 PNG TO BASE BELLY RIVER

No ROFR AppliesPDBY GLENCOE 80.0%EXP DATE: 2016 Jan 10




C-048-0357 CBASED ON 100.0%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0639 BA TWP 41 RGE 25 W4M W SEC 21

C-048-0408 DALL 3.25%GLENCOE 80.0%LSE DATE: 2013 Jan 11 (UNDIVIDED 1/7 INTEREST)









Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands






C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%












Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands






C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%









C-048-0357 CBASED ON 100.0%












Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0357 CBASED ON 100.0%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0025 AF TWP 41 RGE 25 W4M NE SEC 22

C-048-0072 CALL 3.0%GLENCOE 15.625%CR: 33847 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 12.5%LSE DATE: 1974 Feb 04

No ROFR AppliesPDBY GLENCOE 100.0%EFF DATE: 1974 Feb 04

OPER: ADVANTAGEEXP DATE: 1984 Feb 03



C-048-0083 LOTHER CSS%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0025 BF TWP 41 RGE 25 W4M SW SEC 22







C-048-0083 LOTHER CSS%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0032 D TWP 41 RGE 25 W4M SE SEC 22

C-048-0072 CALL 3.0%GLENCOE 15.625%CR: 33847A PNG TO BASE BASAL BELLY RIVER






C-048-0083 MOTHER CSS%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0033 G TWP 41 RGE 25 W4M NW SEC 22





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands






C-048-0083 JOTHER CSS%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0031 E TWP 41 RGE 25 W4M NW SEC 23

C-048-0071 ACALL 3.0%GLENCOE 41.875%LSE DATE: 1976 Feb 11 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 37.5%EFF DATE: 1976 Feb 11

No ROFR AppliesPDBY GLENCOE 33.33%ROYALTY INTEXP DATE: 1981 Feb 10

OPER: QUESTFIRENONCONV ORRMNRL INT: 100.0

NONCONV ORRALL 1.0%EXT CODE: HBP

ROYALTY LINKSALL 1.0%BASED ON 50.0%

C-048-0082 BCBASED ON 50.0%PDTO GLENCOE 100.0%


C-048-0106 AC

ROFR UnknownNONCONV LOR

ALL 12.5%

BASED ON 100.0%


CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0034 F TWP 41 RGE 25 W4M SW SEC 23

C-048-0071 ACALL 12.5%GLENCOE 41.875%LSE DATE: 1968 Apr 27 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 100.0%EFF DATE: 1968 Apr 27

No ROFR AppliesPDBY GLENCOE 41.875%ROYALTY INTEXP DATE: 1978 Apr 26

OPER: QUESTFIRENONCONV ORRMNRL INT: 100.0

NONCONV GORALL 1.0%EXT CODE: HBP


C-048-0106 ACBASED ON 37.5%PDTO GLENCOE 100.0%


C-048-0082 BC

ROFR UnknownNONCONV ORR

C-048-0084 CALL 1.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


PDBY GLENCOE 28.75%

NONCONV GOR

ALL 3.0%

BASED ON 100.0%



ALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Jun 13 (UNDIVIDED 1/15 or 2/30

BASED ON 100.0%EFF DATE: 2013 Jun 13 INTEREST)




ALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Jun 03 (UNDIVIDED 1/20 or 1.5/30




















Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0725 D TWP 41 RGE 25 W4M E SEC 23

C-048-0419 DALL 18.0%GLENCOE 90.0%LSE DATE: 2014 Sep 25 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Sep 25 PNG TO BASE BASAL BELLY RIVER









ALL 18.0%GLENCOE 100.0%LSE DATE: 2013 May 31 (UNDIVIDED 1/10 or 3/30

BASED ON 100.0%EFF DATE: 2013 May 31 INTEREST)


















Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands









CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0734 D TWP 41 RGE 25 W4M E SEC 23

C-048-0419 DALL 18.0%GLENCOE 90.0%LSE DATE: 2014 Sep 25 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2014 Sep 25 PNG TO BASE BASAL BELLY RIVER



NONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0781 A TWP 41 RGE 25 W4M NW SEC 23

ALL 16.0%GLENCOE 100.0%LSE DATE: 2016 Jan 30 (UNDIVIDED 1/5 INTEREST or

BASED ON 100.0%EFF DATE: 2017 Jan 01 6/30)

PDBY GLENCOE 100.0%EXP DATE: 2019 Dec 31 PNG TO BASE BELLY RIVER

MNRL INT: 20.0 (EFFECTIVE JANUARY 1, 2017)

SLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0011 AA TWP 41 RGE 25 W4M NE SEC 24

ALL S/S GLENCOE 100.0%CR: 0481120114 PETROLEUM BELOW BASE EDMONTON

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

BASED ON 100.0%EFF DATE: 1981 Dec 17

PDBY GLENCOE 100.0%EXP DATE: 1986 Dec 16

MNRL INT: 100.0

EXT CODE: 15

SLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0011 BC TWP 41 RGE 25 W4M SE SEC 24

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

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

BASED ON 100.0%EFF DATE: 1981 Dec 17





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0011 D TWP 41 RGE 25 W4M E SEC 24


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

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


MNRL INT: 100.0


C-048-0299 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0011 DA TWP 41 RGE 25 W4M E SEC 24


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



MNRL INT: 100.0


C-048-0299 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0011 DB TWP 41 RGE 25 W4M E SEC 24


ROFR UnknownOTHER CSS% LSE DATE: 1981 Dec 17

OPER: GLENCOEBASED ON 100.0%EFF DATE: 1981 Dec 17


MNRL INT: 100.0

EXT CODE: 15




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0163 C TWP 41 RGE 25 W4M W SEC 24

C-048-0299 AGLENCOE 25.0%CR: 20303 NG TO BASE EDMONTON

CAPL 1990LSE DATE: 1969 Dec 31 (INCLUDING PRODUCTION FROM

No ROFR AppliesEFF DATE: 1969 Dec 31 102/8-24 & 102/9-24 WELLS)


MNRL INT: 100.0


C-048-0299 A

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0369 BA

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0163 F TWP 41 RGE 25 W4M W SEC 24


CAPL 1990OTHER CSS% LSE DATE: 1969 Dec 31 BASE BELLY RIVER



MNRL INT: 100.0


C-048-0299 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0369 BA

ROFR Unknown

CUR INT OPER CONTLSE TYPE: CR PNGM-048-0163 H TWP 41 RGE 25 W4M W SEC 24

C-048-0367 BCR: 20303 PETROLEUM TO BASE BASAL BELLY

CAPL 1971LSE DATE: 1969 Dec 31 RIVER




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

No ROFR AppliesEFF DATE: 1969 Dec 31

OPER: ALEXANDEREXP DATE: 1979 Dec 30

MNRL INT: 100.0

ROYALTY LINKSEXT CODE: 15

C-048-0369 BA

ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0003 AA TWP 41 RGE 25 W4M SE SEC 25

C-048-0020 AALL 10.0%GLENCOE 100.0%LSE DATE: 1980 Jul 08 (UNDIVIDED 18/54 OR 1/3

CAPL 1974BASED ON 100.0%EFF DATE: 1980 Jul 08 INTEREST)

ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 Jul 07 PNG TO BASE BELLY RIVER

OPER: GLENCOENONCONV GORMNRL INT: 33.33



C-048-0020 ABASED ON 100.0%PDTO GLENCOE 95.0%


ROFR Applies

C-048-0021 BNONCONV LOR

ROFR UnknownALL 12.5%

BASED ON 100.0%

PDBY GLENCOE 100.0%

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0003 BD TWP 41 RGE 25 W4M SW SEC 25

C-048-0020 AALL 10.0%GLENCOE 100.0%LSE DATE: 1980 Jul 08 (UNDIVIDED 18/54 OR 1/3

CAPL 1974BASED ON 100.0%EFF DATE: 1980 Jul 08 INTEREST)

ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 Jul 07 PNG TO BASE BELLY RIVER






ROFR Applies



BASED ON 100.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

PDBY GLENCOE 100.0%


C-048-0020 AALL 10.0%GLENCOE 100.0%LSE DATE: 1980 May 27 (UNDIVIDED 18/54 OR 1/3

CAPL 1974BASED ON 100.0%EFF DATE: 1980 May 27 INTEREST)

ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 May 26 PNG TO BASE BELLY RIVER






ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%


C-048-0020 AALL 10.0%GLENCOE 100.0%LSE DATE: 1980 May 27 (UNDIVIDED 18/54 OR 1/3

CAPL 1974BASED ON 100.0%EFF DATE: 1980 May 27 INTEREST)

ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 May 26 PNG TO BASE BELLY RIVER






ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%



CAPL 1974BASED ON 100.0%EFF DATE: 1980 Jun 09 PNG TO BASE BELLY RIVER




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 Jun 08






ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0005 BC TWP 41 RGE 25 W4M SW SEC 25


CAPL 1974BASED ON 100.0%EFF DATE: 1980 Jun 09 PNG TO BASE BELLY RIVER

ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 Jun 08






ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%



CAPL 1974BASED ON 100.0%EFF DATE: 1980 May 29 PNG TO BASE BELLY RIVER

ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 May 28








Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0006 BC TWP 41 RGE 25 W4M SW SEC 25









ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%










ROFR Applies



BASED ON 100.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

PDBY GLENCOE 100.0%










ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%




ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 Jul 30






ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROFR AppliesPDBY GLENCOE 100.0%ROYALTY INTEXP DATE: 1985 Jul 30






ROFR Applies



BASED ON 100.0%

PDBY GLENCOE 100.0%


C-048-0416 AALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Jan 08 (UNDIVIDED 1/24 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2013 Feb 17 PNG TO BASE BELLY RIVER

No ROFR AppliesPDBY GLENCOE 100.0%EXP DATE: 2018 Feb 16



C-048-0416 AALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Jan 08 (UNDIVIDED 6/24 or 1/4

CAPL 1990BASED ON 100.0%EFF DATE: 2013 Feb 17 INTEREST)

No ROFR AppliesPDBY GLENCOE 100.0%EXP DATE: 2018 Feb 16 PNG TO BASE BELLY RIVER















Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands












C-048-0416 AALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Feb 14 (UNDIVIDED 1/24 INTEREST)





C-048-0416 AALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Apr 24 (UNDIVIDED 6/24 or 1/4

CAPL 1990BASED ON 100.0%EFF DATE: 2013 Apr 24 INTEREST)

No ROFR AppliesPDBY GLENCOE 100.0%EXP DATE: 2018 Apr 23 PNG TO BASE BELLY RIVER



C-048-0416 AALL 18.0%GLENCOE 100.0%LSE DATE: 2013 Dec 05 (UNDIVIDED 2/24 OR 1/12

CAPL 1990BASED ON 100.0%EFF DATE: 2013 Dec 05 INTEREST)

No ROFR AppliesPDBY GLENCOE 100.0%EXP DATE: 2018 Dec 04 PNG TO BASE BELLY RIVER


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0029 C TWP 41 RGE 25 W4M NE SEC 26



No ROFR AppliesPDBY GLENCOE 100.0%EFF DATE: 1968 May 07




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OPER: QUESTFIREEXP DATE: 1978 May 06



C-048-0083 IOTHER CSS%



CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0055 A TWP 41 RGE 25 W4M S SEC 26

C-048-0087 AALL 20.0%GLENCOE 30.76923%LSE DATE: 1976 Dec 03 PNG BELOW BASE EDMONTON TO

CAPL 1974BASED ON 100.0%EFF DATE: 1976 Dec 03 BASE BELLY RIVER

ROFR AppliesPDBY GLENCOE 30.76923%REF INT: PAYOR EXP DATE: 1986 Dec 02

OPER: GLENCOEGLENCOE 78.84615%MNRL INT: 100.0



C-048-0083 SABASED ON 25.0%


C-048-0358 R

ROFR UnknownNONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 100.0%

CUR INT OPER CONTNONCONV LORCUR INT: BPO LSE TYPE: FH PNGM-048-0055 BB TWP 41 RGE 25 W4M NW SEC 26

C-048-0087 BAALL 20.0%GLENCOE 78.84615%LSE DATE: 1976 Dec 03 PNG BELOW BASE EDMONTON TO

CAPL 1974BASED ON 100.0%EFF DATE: 1976 Dec 03 BASE BELLY RIVER

ROFR AppliesPDBY GLENCOE 48.07692%REF INT: APO EXP DATE: 1986 Dec 02

OPER: GLENCOEGLENCOE 39.42308%MNRL INT: 100.0

SLIDING SCALEEXT CODE: HBP

REF INT OPER CONTALL S/S 1/150

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

CAPL 1974GAS 15.0% (MIN 0.09/MCF c/mcf)

ROFR AppliesBASED ON 100.0%


ROYALTY LINKSNONCONV GOR




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0087 BAALL 3.0%


ROFR AppliesPDBY GLENCOE 100.0%

C-048-0083 RA


C-048-0358 RALL 3.0%


PDBY GLENCOE 45.0%

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FH PNGM-048-0027 C TWP 41 RGE 25 W4M SW SEC 27

C-048-0285 AALL 12.5%GLENCOE 3.90625%LSE DATE: 1972 Dec 18 NG TO BASE BELLY RIVER

CAPL 1990BASED ON 100.0%EFF DATE: 1972 Dec 18

No ROFR AppliesPDBY GLENCOE 15.625%EXP DATE: 1982 Dec 17

OPER: QUICKSILVEMNRL INT: 100.0


RENT INT OPER CONTALL 2.0%

C-048-0285 ABASED ON 100.0%


No ROFR Applies

OPER: QUICKSILVENONCONV GOR

ALL 3.0%

ROYALTY LINKSBASED ON 12.5%

C-048-0055 ABPDBY GLENCOE 100.0%

CAPL 1974

No ROFR Applies

C-048-0083 GD

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0027 F TWP 41 RGE 25 W4M SW SEC 27

C-048-0055 ABALL 12.5%GLENCOE 15.625%LSE DATE: 1972 Dec 18 PNG TO BASE BASAL BELLY RIVER

CAPL 1974BASED ON 100.0%EFF DATE: 1972 Dec 18 FORMATION EXCL NG TO BASE

No ROFR AppliesPDBY GLENCOE 15.625%EXP DATE: 1982 Dec 17 BELLY RIVER







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0055 ABBASED ON 100.0%


No ROFR Applies

C-048-0083 GDNONCONV GOR


BASED ON 12.5%

PDBY GLENCOE 100.0%

CUR INT OPER CONTCUR INT: POOL LSE TYPE: FH PNGM-048-0490 B TWP 41 RGE 25 W4M SE SEC 27



No ROFR AppliesEXP DATE: 1997 Jun 17


EXT CODE: HBP

RENT INT OPER CONT

C-048-0285 A

CAPL 1990

No ROFR Applies

OPER: QUICKSILVE

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

LSE DATE: 1994 Jun 18 PETROLEUM TO BASE BELLY RIVER

EFF DATE: 1994 Jun 18

EXP DATE: 1997 Jun 17

MNRL INT: 100.0

EXT CODE: HBP

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



No ROFR AppliesEXP DATE: 2006 Jun 24


EXT CODE: HBP

RENT INT OPER CONT

C-048-0285 A




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990

No ROFR Applies

OPER: QUICKSILVE

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

C-048-0285 AGLENCOE 3.90625%LSE DATE: 2003 Mar 24 NG TO BASE BELLY RIVER

CAPL 1990EFF DATE: 2003 Mar 24

No ROFR AppliesEXP DATE: 2006 Mar 23


EXT CODE: HBP

RENT INT OPER CONT

C-048-0285 A

CAPL 1990

No ROFR Applies

OPER: QUICKSILVE





MNRL INT: 50.0



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

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


CUR INT OPER CONTROYALTY INTLSE TYPE: CR PNGM-048-0030 D TWP 41 RGE 25 W4M SE SEC 28

C-048-0202 ANONCONV GORCR: 117860 NG TO BASE BASAL BELLY RIVER

ROFR UnknownGAS 15.0%LSE DATE: 1960 Jan 21

OPER: QUESTFIREBASED ON 37.5%EFF DATE: 1959 Dec 03

PDTO GLENCOE 29.25%EXP DATE: 1980 Dec 02


C-048-0202 AEXT CODE: HB UNIT




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROFR Unknown

CUR INT OPER CONTLSE TYPE: CR PNGM-048-0030 F TWP 41 RGE 25 W4M SE SEC 28

C-048-0366 BCR: 117860 PET TO BASE BASAL BELLY RIVER

ROFR UnknownLSE DATE: 1960 Jan 21

OPER: QUESTFIREEFF DATE: 1959 Dec 03

EXP DATE: 1980 Dec 02

MNRL INT: 100.0

EXT CODE: HB UNIT






MNRL INT: 100.0


C-048-0164 AOIL 2.0%



CUR INT OPER CONTROYALTY INTLSE TYPE: CR PNGM-048-0120 B TWP 41 RGE 25 W4M SW SEC 28

C-048-0202 ANONCONV GORCR: 0483030021 NG TO BASE BELLY RIVER

ROFR UnknownGAS 15.0%LSE DATE: 1983 Mar 10

OPER: QUESTFIREBASED ON 37.5%EFF DATE: 1983 Mar 10

PDTO GLENCOE 29.25%EXP DATE: 1988 Mar 09


C-048-0202 AEXT CODE: 15

ROFR Unknown

C-048-0140 B

CAPL 1981

No ROFR Applies

CUR INT OPER CONTROYALTY INTLSE TYPE: CR PNGM-048-0212 A TWP 41 RGE 25 W4M NE SEC 28





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROFR UnknownGAS 15.0%LSE DATE: 1974 Feb 04

OPER: QUESTFIREBASED ON 37.5%EFF DATE: 1974 Feb 04

PDTO GLENCOE 29.25%EXP DATE: 1984 Feb 03


C-048-0202 AEXT CODE: 15

ROFR Unknown

CUR INT OPER CONTROYALTY INTLSE TYPE: CR PNGM-048-0213 A TWP 41 RGE 25 W4M NW SEC 28


ROFR UnknownGAS 15.0%LSE DATE: 1994 Aug 26

OPER: QUESTFIREBASED ON 37.5%EFF DATE: 1994 Aug 18

PDTO GLENCOE 29.25%EXP DATE: 1999 Aug 17


C-048-0202 AEXT CODE: 15

ROFR Unknown

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

CR: 0494080292 PETROLEUM TO BASE BASAL BELLY

LSE DATE: 1994 Aug 26 RIVER FORMATION

EFF DATE: 1994 Aug 18

EXP DATE: 1999 Aug 17

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: BPO LSE TYPE: CR PNGM-048-0086 AB TWP 41 RGE 25 W4M NW SEC 32

C-048-0133 AALL S/S 1/150GLENCOE 90.0%CR: 0476120101 PNG TO BASE BELLY RIVER

CAPL 1981(MIN 5.0 MAX 15.0 )LSE DATE: 1976 Dec 15

No ROFR AppliesGAS 15.0% (MIN 0.25/MCF c/mcf)REF INT: APO EFF DATE: 1976 Dec 15

OPER: GLENCOEOTHER 15% GLENCOE 67.5%EXP DATE: 1981 Dec 14

BASED ON 100.0%MNRL INT: 100.0

REF INT OPER CONTPDBY GLENCOE 90.0%ROYALTY INTEXT CODE: 15

C-048-0133 ASLIDING SCALE

CAPL 1981SLIDING SCALEALL S/S 1/150

No ROFR AppliesALL S/S (MIN 5.0 MAX 15.0 )

OPER: GLENCOEOTHER CSS% GAS 15.0% (MIN 0.25/MCF c/mcf)




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

BASED ON 100.0%OTHER 15%

ROYALTY LINKSPDBY GLENCOE 90.0%BASED ON 100.0%

C-048-0133 APDTO GLENCOE 45.0%

CAPL 1981

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0086 BB TWP 41 RGE 25 W4M NE SEC 32

C-048-0133 DALL S/S GLENCOE 67.5%CR: 0476120101 PNG TO BASE BELLY RIVER

CAPL 1981OTHER CSS% LSE DATE: 1976 Dec 15



MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTSLIDING SCALECUR INT: BPO LSE TYPE: FH PNGM-048-0135 AB TWP 41 RGE 25 W4M SW SEC 33

C-048-0133 BOIL S/S 1/150GLENCOE 90.0%LSE DATE: 1973 Mar 14 PETROLEUM TO BASE BELLY RIVER

CAPL 1981(MIN 5.0 MAX 15.0 )EFF DATE: 1973 Mar 14

No ROFR AppliesBASED ON 100.0%REF INT: APO EXP DATE: 1978 Mar 13

OPER: GLENCOEPDBY GLENCOE 90.0%GLENCOE 67.5%MNRL INT: 100.0

EXT CODE: HBP

REF INT OPER CONTNONCONV LORROYALTY INT

C-048-0133 BALL 12.5%SLIDING SCALE

CAPL 1981BASED ON 100.0%OIL S/S 1/150

No ROFR AppliesPDBY GLENCOE 90.0%(MIN 5.0 MAX 15.0 )

OPER: GLENCOEBASED ON 100.0%

PDTO GLENCOE 45.0%

ROYALTY LINKS

C-048-0133 B

CAPL 1981

No ROFR Applies

C-048-0342 AA

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0135 BA TWP 41 RGE 25 W4M SW SEC 33

C-048-0338 BALL 12.5%GLENCOE 45.0%LSE DATE: 1973 Mar 14 NG TO BASE BELLY RIVER




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1974BASED ON 100.0%EFF DATE: 1973 Mar 14

ROFR AppliesPDBY GLENCOE 45.0%EXP DATE: 1978 Mar 13

OPER: ADVANTAGEMNRL INT: 100.0

EXT CODE: HBP

ROYALTY LINKS

C-048-0342 AA

ROFR Unknown


C-048-0404 CALL 16.0%GLENCOE 90.0%LSE DATE: 2009 Jul 21 (UNDIVIDED 1/2 INTEREST)




EXT CODE: HB UNIT


C-048-0404 CALL 17.0%GLENCOE 90.0%LSE DATE: 2010 Feb 08 (UNDIVIDED 1/2 INTEREST)




EXT CODE: HB UNIT

SLIDING SCALECUR INT: WI LSE TYPE: CR NGM-048-0180 C TWP 41 RGE 25 W4M SE SEC 35

ALL S/S GLENCOE 20.0079%CR: 0478050012 NG TO BASE BELLY RIVER

OTHER CSS% LSE DATE: 1978 May 03



MNRL INT: 100.0

EXT CODE: 15


C-048-0422 AALL 17.0%GLENCOE 90.0%LSE DATE: 2001 Oct 27 (UNDIVIDED 1/12 INTEREST OR

CAPL 1990BASED ON 100.0%EFF DATE: 2001 Nov 19 6/72)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2004 Nov 18 PNG TO BASE BELLY RIVER





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HBP


C-048-0422 AALL 17.0%GLENCOE 90.0%LSE DATE: 2001 Nov 16 (UNDIVIDED 1/12 INTEREST OR




EXT CODE: HBP


C-048-0422 AALL 17.0%GLENCOE 90.0%LSE DATE: 2001 Oct 27 (UNDIVIDED 1/12 INTEREST OR




EXT CODE: HBP


C-048-0422 AALL 17.0%GLENCOE 90.0%LSE DATE: 2001 Dec 14 (UNDIVIDED 1/18 INTEREST OR

CAPL 1990BASED ON 100.0%EFF DATE: 2001 Dec 14 4/72)



EXT CODE: HBP






EXT CODE: HBP

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH NGM-048-0248 A TWP 41 RGE 25 W4M NE SEC 35

C-048-0422 AGAS 17.0%GLENCOE 90.0%LSE DATE: 2001 Sep 12 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2001 Nov 22 NG TO BASE BELLY RIVER






Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HBP






EXT CODE: HBP






EXT CODE: HBP






EXT CODE: HBP






EXT CODE: HBP









Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HBP






EXT CODE: HBP






EXT CODE: HBP



CAPL 1990BASED ON 100.0%EFF DATE: 2001 Dec 09 3/72)



EXT CODE: HBP



CAPL 1990BASED ON 100.0%EFF DATE: 2002 Jan 29 6/72)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2005 Jan 28 PNG TO BASE BELLY RIVER


EXT CODE: HBP



CAPL 1990BASED ON 100.0%EFF DATE: 2002 Jan 29 6/72)

No ROFR AppliesPDBY GLENCOE 90.0%EXP DATE: 2005 Jan 28 PNG TO BASE BELLY RIVER





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HBP

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH NGM-048-0352 A TWP 41 RGE 25 W4M NE SEC 35


CAPL 1990BASED ON 100.0%EFF DATE: 2002 Jul 23 NG TO BASE BELLY RIVER



EXT CODE: OFFSET PAY

CUR INT OPER CONTSLIDING SCALECUR INT: JV EARNED LSE TYPE: CR PNGM-048-0001 A TWP 41 RGE 25 W4M SW SEC 36



ROFR AppliesBASED ON 100.0%ROYALTY INTEFF DATE: 1970 Jan 12

OPER: GLENCOEPDBY GLENCOE 50.0%NONCONV GOREXP DATE: 1980 Jan 11

OIL 10.0%MNRL INT: 100.0


C-048-0021 AOIL 10.0%PDTO GLENCOE 47.5%


C-048-0030 BAPDBY GLENCOE 50.0%ROYALTY INT


C-048-0030 BANONCONV GORGAS 15.0%

ROFR UnknownGAS 15.0%BASED ON 100.0%

BASED ON 100.0%PDTO GLENCOE 47.5%

PDBY GLENCOE 50.0%

NONCONV GOR

ALL 3.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CUR INT OPER CONTSLIDING SCALECUR INT: JV EARNED LSE TYPE: CR PNGM-048-0001 B TWP 41 RGE 25 W4M SE SEC 36



ROFR AppliesBASED ON 100.0%ROYALTY INTEFF DATE: 1970 Jan 12

OPER: GLENCOEPDBY GLENCOE 50.0%NONCONV GOREXP DATE: 1980 Jan 11




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OIL 10.0%MNRL INT: 100.0


C-048-0021 AOIL 10.0%PDTO GLENCOE 47.5%


C-048-0030 BAPDBY GLENCOE 50.0%ROYALTY INT


C-048-0030 BANONCONV GORGAS 15.0%

ROFR UnknownGAS 15.0%BASED ON 100.0%

BASED ON 100.0%PDTO GLENCOE 47.5%

PDBY GLENCOE 50.0%

NONCONV GOR

ALL 3.0%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CUR INT OPER CONTNONCONV GORCUR INT: POOL LSE TYPE: CR PNGM-048-0001 CA TWP 41 RGE 25 W4M S SEC 36

C-048-0284 BOIL 10.0%GLENCOE 37.5%CR: 20918 NG TO BASE BELLY RIVER


No ROFR AppliesPDBY GLENCOE 50.0%ROYALTY INTEFF DATE: 1970 Jan 12

OPER: GLENCOENONCONV GOREXP DATE: 1980 Jan 11

NONCONV GOROIL 10.0%MNRL INT: 100.0

RENT INT OPER CONTGAS 15.0%BASED ON 100.0%EXT CODE: 15

C-048-0284 BBASED ON 100.0%PDTO GLENCOE 47.5%


No ROFR AppliesROYALTY INT

OPER: GLENCOENONCONV GORNONCONV GOR

ALL 3.0%GAS 15.0%

ROYALTY LINKSBASED ON 100.0%BASED ON 100.0%

C-048-0021 APDBY GLENCOE 50.0%PDTO GLENCOE 47.5%

ROFR Unknown

C-048-0030 BASLIDING SCALE

ROFR UnknownALL S/S

C-048-0030 BAOTHER CSS%





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

PDBY GLENCOE 50.0%

CUR INT OPER CONTNONCONV GORCUR INT: JV EARNED LSE TYPE: CR PNGM-048-0002 A TWP 41 RGE 25 W4M NW SEC 36

C-800-0001 FOIL 10.0%GLENCOE 50.0%CR: 12818 PETROLEUM TO BASE BELLY RIVER


ROFR AppliesPDBY GLENCOE 50.0%ROYALTY INTEFF DATE: 1968 Feb 21

OPER: GLENCOENONCONV GOREXP DATE: 1978 Feb 20

NONCONV GOROIL 10.0%MNRL INT: 100.0




C-048-0030 BA

ROFR UnknownSLIDING SCALE

ALL S/S

OTHER CSS%

BASED ON 100.0%

PDBY GLENCOE 50.0%

CUR INT OPER CONTNONCONV GORCUR INT: POOL LSE TYPE: CR PNGM-048-0002 F TWP 41 RGE 25 W4M NW SEC 36

C-048-0284 BGAS 15.0%GLENCOE 37.5%CR: 12818 NG TO BASE BELLY RIVER


No ROFR AppliesPDBY GLENCOE 50.0%ROYALTY INTEFF DATE: 1968 Feb 21

OPER: GLENCOENONCONV GOREXP DATE: 1978 Feb 20

NONCONV GORGAS 15.0%MNRL INT: 100.0

RENT INT OPER CONTALL 3.0%BASED ON 100.0%EXT CODE: 15

C-048-0284 BBASED ON 100.0%PDTO GLENCOE 47.5%


No ROFR Applies

OPER: GLENCOESLIDING SCALE

ALL S/S

ROYALTY LINKSOTHER CSS%

C-048-0021 ABASED ON 100.0%


C-048-0030 BA

ROFR Unknown




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTCUR INT: POOL LSE TYPE: CR PNGM-048-0499 B TWP 41 RGE 25 W4M NE SEC 36

C-048-0284 BGLENCOE 37.5%CR: 20918A NG TO BASE BELLY RIVER

CAPL 1990LSE DATE: 1996 Jul 17



MNRL INT: 100.0


C-048-0284 B

CAPL 1990

No ROFR Applies

OPER: GLENCOE

LSE TYPE: CR PNGM-048-0499 E TWP 41 RGE 25 W4M NE SEC 36

CR: 20918A PETROLEUM TO BASE BELLY RIVER

LSE DATE: 1996 Jul 17

EFF DATE: 1970 Jan 12

EXP DATE: 1980 Jan 11

MNRL INT: 100.0

EXT CODE: 15

CUR INT OPER CONTROYALTY INTLSE TYPE: CR PNGM-048-0364 A TWP 42 RGE 24 W4M SEC 18

C-048-0261 ASLIDING SCALECR: 0490120097 PNG TO BASE MANNVILLE

ROFR UnknownALL S/S 1/23.85LSE DATE: 1990 Dec 19

OPER: SEKUR ENER(MIN 5.0 MAX 15.0 )EFF DATE: 1990 Dec 13

GAS 15.0% (MIN 5.32/10 3 M3 c/mcf)EXP DATE: 1995 Dec 12

ROYALTY LINKSOTHER 15% MNRL INT: 100.0

C-048-0261 ABASED ON 100.0%EXT CODE: 15

ROFR UnknownPDTO GLENCOE 90.0%

ROYALTY INTLSE TYPE: FH PNGM-042-0046 A TWP 43 RGE 22 W4M SW SEC 5

NONCONV GORLSE DATE: 1950 May 24 ALL PNG

ALL 1.25%EFF DATE: 1950 May 24

BASED ON 100.0%EXP DATE: NIL

PDTO GLENCOE 45.0%MNRL INT: 100.0




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HBP


15

8621563.2

Part 2 – Wells

Part 3 – Facilities

Govt

Code

License

No. Type Subtype Category

Facility

Name Location

ABBT0

098631

W

0381153 Battery

Gas Single-

well Battery

Single Well 0.00 mol/kmol

H2S

GLENCOE 08-

36-041-25W4

08-36-041-

25W4

License

Number UWI

Current

Licensee

315996 100/15-28-041-23W4/0 EMBER RESOURCES INC.

320670 100/12-15-041-24W4/0 GLENCOE RESOURCES LTD.

334901 100/07-28-041-23W4/0 EMBER RESOURCES INC.



354442 102/11-27-041-25W4/0 CPC RESOURCES ULC

361203 100/04-16-041-24W4/0 RALLY CANADA RESOURCES LTD.




























421709 102/16-18-041-24W4/0 QUESTFIRE ENERGY CORP.






16

8621563.2

Govt

Code

License


Facility

Name Location

ABBT0

098632

W

0381338 Battery

Gas Single-

well Battery


H2S

GLENCOE 16-

36-041-25W4

16-36-041-

25W4

ABBT0

096615

W

0381882 Battery

Gas Single-

well Battery


H2S

GLENCOE 09-

24-041-25W4

09-24-041-

25W4

ABBT0

097932

W

0381832 Battery

Gas Single-

well Battery


H2S

GLENCOE 04-

30-041-24W4

04-30-041-

24W4

ABBT0

098406

W

0382035 Battery

Gas Single-

well Battery


H2S

GLENCOE 14-

30-041-24W4

14-30-041-

24W4

ABBT0

097931

W

0381511 Battery

Gas Single-

well Battery


H2S

GLENCOE 01-

30-041-24W4

01-30-041-

24W4

ABBT0

098407

W

0379786 Battery

Gas Single-

well Battery


H2S

GLENCOE 16-

30-041-24W4

16-30-041-

24W4

ABBT0

119171

W

0436343 Battery

Gas Single-

well Battery


H2S

GLENCOE 14-

20-041-24W4

14-20-041-

24W4

ABBT0

119777

W

0436344 Battery

Gas Single-

well Battery


H2S

GLENCOE 16-

20-041-24W4

16-20-041-

24W4

ABBT0

095154

W

0366367 Battery

Gas Single-

well Battery


H2S

GLENCOE 14-

28-041-24W4

14-28-041-

24W4

ABBT0

095134

W

0375821 Battery

Gas Single-

well Battery


H2S

GLENCOE 03-

28-041-24W4

03-28-041-

24W4

ABBT0

119490

W

0375821 Battery

Gas Single-

well Battery


H2S

GLENCOE 03-

28-041-24W4

03-28-041-

24W4

ABBT0

095233

W

0375743 Battery

Gas Single-

well Battery


H2S

GLENCOE 10-

28-041-24W4

10-28-041-

24W4

ABBT0

092755

W

0363715 Battery

Gas Single-

well Battery


H2S

GLENCOE 08-

28-041-24W4

08-28-041-

24W4

ABCS0

038620 F38620

Compr

essor

station

Compressor

Station

Compressor Station < 0.01

mol/kmol H2S in inlet stream

GLENCOE 08-

28-041-24W4

08-28-041-

24W4

ABBT0

093380

W

0352151

Compr

essor

and

Battery

Gas Single-

well Battery


H2S

GLENCOE 04-

16-041-25W4

04-16-041-

25W4

ABBT0

092756

W

0364237

Compr

essor

and

Battery

Gas Single-

well Battery


H2S

GLENCOE 03-

04-041-25W4

03-04-041-

25W4

ABBT0

093324

W

0363922 Battery

Gas Single-

well Battery


H2S

GLENCOE 13-

11-041-25W4

13-11-041-

25W4

ABBT0

092753

W

0363527 Battery

Gas Single-

well Battery


H2S

GLENCOE 12-

02-041-25W4

12-02-041-

25W4

ABBT0

092754

W

0363556 Battery

Gas Single-

well Battery


H2S

GLENCOE 06-

02-041-25W4

06-02-041-

25W4

17

8621563.2

Govt

Code

License


Facility

Name Location

ABBT0

096185

W

0378423 Battery

Gas Single-

well Battery


H2S

GLENCOE 03-

11-041-25W4

03-11-041-

25W4

ABBT0

096617

W

0381112 Battery

Gas Single-

well Battery


H2S

GLENCOE 02-

02-041-25W4

02-02-041-

25W4

ABBT0

096979

W

0381146 Battery

Gas Single-

well Battery


H2S

GLENCOE 16-

02-041-25W4

16-02-041-

25W4

ABBT0

097016

W

0381128 Battery

Gas Single-

well Battery


H2S

GLENCOE 08-

11-041-25W4

08-11-041-

25W4

ABCS0

038866 F38866

Compr

essor

station

Compressor

Station

Compressor Station < 0.01

mol/kmol H2S in inlet stream

GLENCOE 16-

02-041-25W4

16-02-041-

25W4

ABBT0

096972

W

0368941 Battery

Gas Single-

well Battery


H2S

GLENCOE 04-

12-041-25W4

04-12-041-

25W4

ABBT0

095089

W

0367005 Battery

Gas Single-

well Battery


H2S

GLENCOE 03-

36-041-25W4

03-36-041-

25W4

ABBT0

094443

W

0367005 Battery

Gas Single-

well Battery


H2S

GLENCOE 03-

36-041-25W4

03-36-041-

25W4

ABBT0

094090

W

0366954 Battery

Gas Single-

well Battery


H2S

GLENCOE 14-

36-041-25W4

14-36-041-

25W4

F38655 F38655

Compr

essor

and

Battery

Gas Battery - Multiwell <

0.01 mol/kmol H2S in inlet

stream

GLENCOE 01-

25-041-25W4

01-25-041-

25W4

ABBT0

096616

W

0381880 Battery

Gas Single-

well Battery


H2S

GLENCOE 08-

24-041-25W4

08-24-041-

25W4

Header

05-22-041-

25W4

Header

11-31-041-

24W4

Header

02-30-041-

24W4

Booster Compressor

11-02-041-

25W4

Part 4 – Pipelines

License

No.

Line

No.

Licensee

Name Substance

Length

(mi)

From

Location

To

Location

From

Facility

To

Facility Status

15539 1

GLENCOE

RESOURCES

LTD.

Natural

Gas 1.852

16-23-

041-

25W4

05-22-

041-

25W4

Battery

Gas

processing

plant

Operating

18

8621563.2

License

No.

Line

No.

Licensee

Name Substance

Length

(mi)

From

Location

To

Location

From

Facility

To

Facility Status

15539 2

GLENCOE

RESOURCES

LTD.

Natural

Gas 1.498

10-10-

041-

25W4

05-22-

041-

25W4

Battery

Gas

processing

plant

Operating

15539 3

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.447

04-16-

041-

25W4

01-17-

041-

25W4

Well Pipeline Operating

15769 1

GLENCOE

RESOURCES

LTD.

Natural

Gas 1.367

01-35-

041-

25W4

16-23-

041-

25W4

Pipeline Pipeline Operating

21607 1

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.497

12-36-

041-

25W4

06-36-

041-

25W4


21607 3

GLENCOE

RESOURCES

LTD.

Natural

Gas 2.249

06-36-

041-

25W4

01-25-

041-

25W4

Pipeline Battery Operating

21607 4

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.242

14-36-

041-

25W4

12-36-

041-

25W4


21607 5

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.106

03-36-

041-

25W4

06-36-

041-

25W4


21607 9

GLENCOE

RESOURCES

LTD.

Natural

Gas 1.367

01-30-

041-

24W4

01-25-

041-

25W4

Pipeline Compress

or station Operating

21607 10

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.957

01-25-

041-

25W4

02-30-

041-

24W4

Compre

ssor

station

Pipeline Operating

23092 1

GLENCOE

RESOURCES

LTD.

Natural

Gas 3.001

08-28-

041-

24W4

11-31-

041-

24W4

Well

Gas

processing

plant

Operating

23092 2

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.099

08-28-

041-

24W4

08-28-

041-

24W4


23092 3

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.423

03-28-

041-

24W4

08-28-

041-

24W4

Well Battery Operating

23092 4

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.565

04-12-

041-

25W4

16-02-

041-

25W4


23092 6

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.733

16-02-

041-

25W4

11-02-

041-

25W4

Pipeline Battery Operating

24994 1 GLENCOE

RESOURCES

Natural

Gas 1.218 11-02-

041-

10-10-

041-Battery Pipeline Operating

19

8621563.2

License

No.

Line

No.

Licensee

Name Substance

Length

(mi)

From

Location

To

Location

From

Facility

To

Facility Status

LTD. 25W4 25W4

24994 3

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.087

12-02-

041-

25W4

11-02-

041-

25W4


24994 4

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.099

06-02-

041-

25W4

06-02-

041-

25W4


31674 1

GLENCOE

RESOURCES

LTD.

Natural

Gas 1.553

06-09-

041-

25W4

10-10-

041-

25W4


45212 1

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.528

06-36-

041-

25W4

01-35-

041-

25W4

Pipeline Pipeline Operating

48661 1

GLENCOE

RESOURCES

LTD.

Natural

Gas 1.174

13-11-

041-

25W4

11-02-

041-

25W4


48661 2

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.857

14-28-

041-

24W4

08-28-

041-

24W4


48661 3

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.137

03-11-

041-

25W4

06-11-

041-

25W4


48661 4

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.416

08-11-

041-

25W4

16-02-

041-

25W4


48661 5

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.354

02-02-

041-

25W4

06-02-

041-

25W4


48661 6

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.485

16-36-

041-

25W4

08-36-

041-

25W4


48661 7

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.534

08-24-

041-

25W4

09-24-

041-

25W4


48661 8

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.609

09-24-

041-

25W4

01-25-

041-

25W4

Pipeline Compress


48661 9

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.404

06-02-

041-

25W4

11-02-

041-

25W4

Pipeline Compress


48661 10

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.690

16-30-

041-

24W4

01-30-

041-

24W4


20

8621563.2

License

No.

Line

No.

Licensee

Name Substance

Length

(mi)

From

Location

To

Location

From

Facility

To

Facility Status

48661 11

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.149

01-30-

041-

24W4

01-30-

041-

24W4


48661 12

GLENCOE

RESOURCES

LTD.

Natural

Gas 1.025

14-30-

041-

24W4

04-30-

041-

24W4


48661 13

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.211

04-30-

041-

24W4

03-30-

041-

24W4


48661 14

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.988

08-36-

041-

25W4

15-25-

041-

25W4


48661 15

GLENCOE

RESOURCES

LTD.

Natural

Gas 1.168

06-36-

041-

25W4

01-25-

041-

25W4


48661 16

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.472

14-20-

041-

24W4

01-30-

041-

24W4


48661 17

GLENCOE

RESOURCES

LTD.

Natural

Gas 0.721

16-20-

041-

24W4

14-20-

041-

24W4


49876 1

GLENCOE

RESOURCES

LTD.

Natural

Gas 2.343

02-30-

041-

24W4

04-17-

041-

24W4

Pipeline Meter

station Operating

39051 1

CANADIAN

NATURAL

(Glencoe Non-

Op WI)

Natural

Gas

1.0998

25

01-17-

041-

25W4

06-09-

041-

25W4