Reserves (million barrels)

3.5

500

750

1,000

1,250

1,500

1,750

2,000

Recovery Rate (%)

2.5%

0.44

0.66

0.88

1.10

1.32

1.54

1.76

5.0%

0.88

1.32

1.76

2.20

2.64

3.08

3.52

7.5%

1.32

1.98

2.64

3.30

3.96

4.62

5.28

10.0%

1.76

2.64

3.52

4.40

5.28

6.16

7.04

12.5%

2.20

3.30

4.40

5.50

6.60

7.70

8.80

15.0%

2.64

3.96

5.28

6.60

7.92

9.24

10.56

17.5%

3.08

4.62

6.16

7.70

9.24

10.78

12.33

Note: Output Sheet is the reserves potential per share in CAD

Reserves (million barrels)

3.5

500

750

1,000

1,250

1,500

1,750

2,000

Oil Price ($)

80

1.01

1.51

2.01

2.52

3.02

3.52

4.02

100

1.26

1.89

2.52

3.14

3.77

4.40

5.03

120

1.51

2.26

3.02

3.77

4.53

5.28

6.04

140

1.76

2.64

3.52

4.40

5.28

6.16

7.04

160

2.01

3.02

4.02

5.03

6.04

7.04

8.05

180

2.26

3.40

4.53

5.66

6.79

7.92

9.06

200

2.52

3.77

5.03

6.29

7.55

8.80

10.06

Note: Output Sheet is the reserves potential per share in CAD