| (a)  | Net proved oil and gas reserves |
|-----------|---------------------------------|

----

| (a)   | CONSTANT PRICES AND COSTS - YEAR ENDED DECEMBER 31, 2010 |
|-----------------|----------------------------------------------------------|

| Net Proved Developed and Proved Undeveloped Reserves  |   |       |   |   |          |   |   |        |   |   |           |   |   |       |   |   |        |   |   |           |   |   |
|------------------------------------------------------------|--------|------------|--------|--------|---------------|--------|--------|-------------|--------|--------|----------------|--------|--------|------------|--------|--------|-------------|--------|--------|----------------|--------|--------|
|                                                       |   | Canada     |   |   | United States |   |   | Total       |   |
|                                                       |   | Light and  |   |   | Natural Gas   |   |   |        |   |   | Barrels of Oil |   |   | Light and  |   |   |        |   |   | Barrels of Oil |   |   | Light and |   |   | Natural Gas |   |   |   |   |   | Barrels of Oil |   |
|                                                       |   | Medium Oil |   |   | Liquids       |   |   | Natural Gas |   |   | Equivalent     |   |   | Medium Oil |   |   | Natural Gas |   |   | Equivalent     |   |   | Medium Oil |   |   | Liquids |   |   | Natural Gas |   |   | Equivalent |   |
|                                                       |   | (Mbbl)     |   |   | (Mbbl)        |   |   | (MMcf)      |   |   | (Mboe)         |   |   | (Mbbl)     |   |   | (MMcf)      |   |   | (Mboe)         |   |   | (Mbbl) |   |   | (Mbbl) |   |   | (MMcf) |   |   | (Mboe) |   |
| December 31, 2009                                          |   |       | 98     |   |          |   | 4      |        |   |   | 753            |   |   |       | 227    |   |        |   | 397    |           |   |   | 60,197 |   |   |   | 10,430 |   |   |   | 495 |   |   |   | 4 |   |   |   | 60,950 |   |   |   | 10,657 |   |
| Discoveries                                                |   |       | -      |   |          |   | -      |        |   |   | 195            |   |   |       | 33     |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 195 |   |   |   | 33 |   |
| Extensions *                                               |   |       | -      |   |          |   | -      |        |   |   | -              |   |   |       | -      |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Infill Drilling *                                          |   |       | -      |   |          |   | -      |        |   |   | -              |   |   |       | -      |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Improved Recovery *                                        |   |       | 66     |   |          |   | -      |        |   |   | (19            | )      |   |       | 63     |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | 66 |   |   |   | - |   |   |   | (19 | ) |   |   | 63 |   |
| Technical Revisions                                        |   |       | 70     |   |          |   | 2      |        |   |   | 654            |   |   |       | 181    |   |        |   | (71    | )              |   |   | (14,889 | ) |   |   | (2,553 | ) |   |   | (1 | ) |   |   | 2 |   |   |   | (14,235 | ) |   |   | (2,372 | ) |
| Dispositions                                               |   |       | -      |   |          |   | -      |        |   |   | (59            | )      |   |       | (10    | )      |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (59 | ) |   |   | (10 | ) |
| Economic Factors                                           |   |       | -      |   |          |   | -      |        |   |   | (69            | )      |   |       | (12    | )      |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (69 | ) |   |   | (12 | ) |
| Production                                                 |   |       | (67    | )      |          |   | (2     | )           |   |   | (519           | )      |   |       | (155   | )      |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | (67 | ) |   |   | (2 | ) |   |   | (519 | ) |   |   | (155 | ) |
| December 31, 2010                                          |   |       | 167    |   |          |   | 4      |        |   |   | 936            |   |   |       | 327    |   |        |   | 326    |           |   |   | 45,308 |   |   |   | 7,877 |   |   |   | 493 |   |   |   | 4 |   |   |   | 46,244 |   |   |   | 8,204 |   |
|                                                       |   |       |   |   |          |   |   |        |   |   |           |   |   |       |   |   |        |   |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Developed                                                  |   |       | 74     |   |          |   | 4      |        |   |   | 955            |   |   |       | 238    |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | 74 |   |   |   | 4 |   |   |   | 955 |   |   |   | 238 |   |
| Undeveloped                                                |   |       | 93     |   |          |   | -      |        |   |   | (19            | )      |   |       | 89     |   |        |   | 326    |           |   |   | 45,308 |   |   |   | 7,877 |   |   |   | 419 |   |   |   | - |   |   |   | 45,289 |   |   |   | 7,966 |   |
| Total                                                      |   |       | 167    |   |          |   | 4      |        |   |   | 936            |   |   |       | 327    |   |        |   | 326    |           |   |   | 45,308 |   |   |   | 7,877 |   |   |   | 493 |   |   |   | 4 |   |   |   | 46,244 |   |   |   | 8,204 |   |

| Net Proved Developed and Proved Undeveloped Reserves  |   |       |   |   |        |   |   |          |   |   |           |   |   |       |   |   |        |   |   |           |   |   |
|------------------------------------------------------------|--------|------------|--------|--------|-------------|--------|--------|---------------|--------|--------|----------------|--------|--------|------------|--------|--------|-------------|--------|--------|----------------|--------|--------|
|                                                       |   |       |   |   | Canada      |   |   | United States |   |   | Total          |   |
|                                                       |   | Light and  |   |   | Natural Gas |   |   |          |   |   | Barrels of Oil |   |   | Light and  |   |   |        |   |   | Barrels of Oil |   |   | Light and |   |   | Natural Gas |   |   |   |   |   | Barrels of Oil |   |
|                                                       |   | Medium Oil |   |   | Liquids     |   |   | Natural Gas   |   |   | Equivalent     |   |   | Medium Oil |   |   | Natural Gas |   |   | Equivalent     |   |   | Medium Oil |   |   | Liquids |   |   | Natural Gas |   |   | Equivalent |   |
|                                                       |   | (Mbbl)     |   |   | (Mbbl)      |   |   | (MMcf)        |   |   | (Mboe)         |   |   | (Mbbl)     |   |   | (MMcf)      |   |   | (Mboe)         |   |   | (Mbbl) |   |   | (Mbbl) |   |   | (MMcf) |   |   | (Mboe) |   |
| December 31, 2008                                          |   |       | 232    |   |        |   | 9      |          |   |   | 1,586          |   |   |       | 505    |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | 232 |   |   |   | 9 |   |   |   | 1,586 |   |   |   | 505 |   |
| Extensions & Discoveries                               |   |       | -      |   |        |   | -      |          |   |   | -              |   |   |       | -      |   |        |   | 397    |           |   |   | 60,197 |   |   |   | 10,430 |   |   |   | 397 |   |   |   | - |   |   |   | 60,197 |   |   |   | 10,430 |   |
| Infill Drilling                                            |   |       | -      |   |        |   | -      |          |   |   | -              |   |   |       | -      |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Technical Revisions                                        |   |       | 14     |   |        |   | 1      |          |   |   | 65             |   |   |       | 27     |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | 14 |   |   |   | 1 |   |   |   | 65 |   |   |   | 27 |   |
| Sales                                                      |   |       | (82    | )      |        |   | (5     | )             |   |   | (383           | )      |   |       | (151   | )      |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | (82 | ) |   |   | (5 | ) |   |   | (383 | ) |   |   | (151 | ) |
| Production                                                 |   |       | (66    | )      |        |   | (1     | )             |   |   | (515           | )      |   |       | (154   | )      |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | (66 | ) |   |   | (1 | ) |   |   | (515 | ) |   |   | (154 | ) |
| December 31, 2009                                          |   |       | 98     |   |        |   | 4      |          |   |   | 753            |   |   |       | 227    |   |        |   | 397    |           |   |   | 60,197 |   |   |   | 10,430 |   |   |   | 495 |   |   |   | 4 |   |   |   | 60,950 |   |   |   | 10,657 |   |
|                                                       |   |       |   |   |        |   |   |          |   |   |           |   |   |       |   |   |        |   |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Developed                                                  |   |       | 70     |   |        |   | 4      |          |   |   | 743            |   |   |       | 197    |   |        |   | -      |           |   |   | - |   |   |   | - |   |   |   | 70 |   |   |   | 4 |   |   |   | 743 |   |   |   | 197 |   |
| Undeveloped                                                |   |       | 28     |   |        |   | -      |          |   |   | 10             |   |   |       | 30     |   |        |   | 397    |           |   |   | 60,197 |   |   |   | 10,430 |   |   |   | 425 |   |   |   | - |   |   |   | 60,207 |   |   |   | 10,460 |   |
| Total                                                      |   |       | 98     |   |        |   | 4      |          |   |   | 753            |   |   |       | 227    |   |        |   | 397    |           |   |   | 60,197 |   |   |   | 10,430 |   |   |   | 495 |   |   |   | 4 |   |   |   | 60,950 |   |   |   | 10,657 |   |

----

| (b)   | Capitalized Costs |
|-----------------|-------------------|

| As at December 31,                     |   | 2010   |         |   | 2009   |   |        | 2008   |   |
|----------------------------------------|--------|--------|--------------|--------|--------|--------|-------------|--------|--------|
|                                   |   |   |         |   |   |   |        |   |   |
| Canada                                 |   |   |         |   |   |   |        |   |   |
| Proved oil and gas properties          |   | $      | 21,769,993   |   |   | $      | 17,535,742  |   |   | $ | 22,132,700 |   |
| Unproved oil and gas properties        |   |   | 8,370,857    |   |   |   | 9,047,242   |   |   |   | 8,996,407 |   |
| Total capital costs                    |   |   | 30,140,850   |   |   |   | 26,582,984  |   |   |   | 31,129,106 |   |
| Accumulated depletion and depreciation |   |   | (9,888,992   | )      |   |   | (7,691,609  | )      |   |   | (3,635,777 | ) |
| Impairment                             |   |   | ( 17,320,856 | )      |   |   | (16,016,752 | )      |   |   | - |   |
| Net capitalized costs                  |   | $      | 2,931,002    |   |   | $      | 2,874,623   |   |   | $ | 27,493,329 |   |
|                                   |   |   |         |   |   |   |        |   |   |   |   |   |
| United States                          |   |   |         |   |   |   |        |   |   |   |   |   |
| Proved oil and gas properties          |   | $      | 326,098      |   |   | $      | 266,048     |   |   | $ | - |   |
| Unproved oil and gas properties        |   |   | 28,433,768   |   |   |   | 28,350,076  |   |   |   | 29,493,398 |   |
| Total capital costs                    |   |   | 28,759,866   |   |   |   | 28,616,124  |   |   |   | 29,493,398 |   |
| Impairment                             |   |   | (500,866     | )      |   |   | (500,866    | )      |   |   | - |   |
| Net capitalized costs                  |   | $      | 28,259,000   |   |   | $      | 28,115,258  |   |   | $ | 29,493,398 |   |
|                                   |   |   |         |   |   |   |        |   |   |   |   |   |
| Total                                  |   |   |         |   |   |   |        |   |   |   |   |   |
| Proved oil and gas properties          |   | $      | 22,096,091   |   |   | $      | 17,801,790  |   |   | $ | 22,132,700 |   |
| Unproved oil and gas properties        |   |   | 36,804,625   |   |   |   | 37,397,318  |   |   |   | 38,489,805 |   |
| Total capital costs                    |   |   | 58,900,716   |   |   |   | 55,199,108  |   |   |   | 60,622,505 |   |
| Accumulated depletion and depreciation |   |   | (9,888,992   | )      |   |   | (7,691,609  | )      |   |   | (3,635,777 | ) |
| Impairment                             |   |   | (17,821,722  | )      |   |   | (16,517,618 | )      |   |   | - |   |
| Net capitalized costs                  |   | $      | 31,190,002   |   |   | $      | 30,989,881  |   |   | $ | 56,986,727 |   |

----

| (c)   | Costs Incurred |
|-----------------|----------------|

| For the years ended December 31 |   | 2010   |      |   | 2009   |   |      | 2008   |   |
|---------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                            |   |   |      |   |   |   |      |   |   |
| Canada                          |   |   |      |   |   |   |      |   |   |
| Property acquisition costs (1)  |   |   |      |   |   |   |      |   |   |
| Proved oil and gas properties   |   | $      | -         |   |   | $      | 434,434   |   |   | $ | 9,637 |   |
| Unproved oil and gas properties |   |   | -         |   |   |   | -         |   |   |   | 994,476 |   |
| Exploration costs (2)           |   |   | 982,021   |   |   |   | 1,626,120 |   |   |   | 6,983,957 |   |
| Development costs (3)           |   |   | 3,239,311 |   |   |   | -         |   |   |   | 15,525,608 |   |
| Capital Expenditures            |   | $      | 4,221,332 |   |   | $      | 2,060,554 |   |   | $ | 23,513,678 |   |
|                            |   |   |      |   |   |   |      |   |   |   |   |   |
| United States                   |   |   |      |   |   |   |      |   |   |   |   |   |
| Property acquisition costs (1)  |   |   |      |   |   |   |      |   |   |   |   |   |
| Proved oil and gas properties   |   | $      | 14,640    |   |   | $      | 32,122    |   |   | $ | - |   |
| Unproved oil and gas properties |   |   | 220,859   |   |   |   | 161,770   |   |   |   | 3,938,032 |   |
| Exploration costs (2)           |   |   | 5,205     |   |   |   | 19,186    |   |   |   | 139,541 |   |
| Development costs (3)           |   |   | 553,953   |   |   |   | 313,577   |   |   |   | - |   |
| Capital Expenditures            |   | $      | 794,657   |   |   | $      | 526,655   |   |   | $ | 4,077,573 |   |
|                            |   |   |      |   |   |   |      |   |   |   |   |   |
| Total                           |   |   |      |   |   |   |      |   |   |   |   |   |
| Property acquisition costs (1)  |   |   |      |   |   |   |      |   |   |   |   |   |
| Proved oil and gas properties   |   | $      | 14,640    |   |   | $      | 466,556   |   |   | $ | 9,637 |   |
| Unproved oil and gas properties |   |   | 220,859   |   |   |   | 161,770   |   |   |   | 4,932,508 |   |
| Exploration costs (2)           |   |   | 987,226   |   |   |   | 1,645,306 |   |   |   | 7,123,498 |   |
| Development costs (3)           |   |   | 3,793,264 |   |   |   | 313,577   |   |   |   | 15,525,608 |   |
| Capital Expenditures            |   | $      | 5,015,989 |   |   | $      | 2,587,209 |   |   | $ | 27,591,251 |   |

| (1)   | Acquisition costs are not net of disposition of properties. |
|-----------------|-------------------------------------------------------------|

| (2)   | Geological and geophysical capital expenditures and drilling costs for exploration wells drilled. |
|-----------------|---------------------------------------------------------------------------------------------------|

| (3)   | Includes equipping and facilities capital expenditures. |
|-----------------|---------------------------------------------------------|

----

| (d)   | Results of Operations of Producing Activities |
|-----------------|-----------------------------------------------|

| For the years ended December 31                             |   | 2010   |       |   | 2009   |   |       | 2008   |   |
|-------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|
|                                                        |   |   |       |   |   |   |       |   |   |
| Canada                                                      |   |   |       |   |   |   |       |   |   |
| Oil and gas sales, net of royalties and commodity contracts |   | $      | 6,841,782  |   |   | $      | 6,216,519  |   |   | $ | 4,616,900 |   |
| Lease operating costs and capital taxes                     |   |   | (2,096,823 | )      |   |   | (2,503,571 | )      |   |   | (1,641,304 | ) |
| Transportation costs                                        |   |   | (507,843   | )      |   |   | (411,432   | )      |   |   | (331,996 | ) |
| Depletion, depreciation and accretion                       |   |   | (5,242,376 | )      |   |   | (6,427,454 | )      |   |   | (3,685,397 | ) |
| Income taxes (1)                                            |   |   | -          |   |   |   | -          |   |   |   | - |   |
| Results of operations                                       |   | $      | (1,005,260 | )      |   | $      | (3,125,938 | )      |   | $ | (1,041,797 | ) |
|                                                        |   |   |       |   |   |   |       |   |   |   |   |   |
| United States                                               |   |   |       |   |   |   |       |   |   |   |   |   |
| Oil and gas sales, net of royalties and commodity contracts |   | $      | -          |   |   | $      | -          |   |   | $ | 13,883 |   |
| Lease operating costs and capital taxes                     |   |   | -          |   |   |   | -          |   |   |   | - |   |
| Transportation costs                                        |   |   | -          |   |   |   | -          |   |   |   | - |   |
| Depletion, depreciation and accretion                       |   |   | (7,518     | )      |   |   | (9,099     | )      |   |   | (5,542 | ) |
| Income taxes (1)                                            |   |   | -          |   |   |   | -          |   |   |   | - |   |
| Results of operations                                       |   | $      | (7,518     | )      |   | $      | (9,099     | )      |   | $ | 8,341 |   |
|                                                        |   |   |       |   |   |   |       |   |   |   |   |   |
| Total                                                       |   |   |       |   |   |   |       |   |   |   |   |   |
| Oil and gas sales, net of royalties and commodity contracts |   | $      | 6,841,782  |   |   | $      | 6,216,519  |   |   | $ | 4,630,783 |   |
| Lease operating costs and capital taxes                     |   |   | (2,096,823 | )      |   |   | (2,503,571 | )      |   |   | (1,641,304 | ) |
| Transportation costs                                        |   |   | (507,843   | )      |   |   | (411,432   | )      |   |   | (331,996 | ) |
| Depletion, depreciation and accretion                       |   |   | (5,249,894 | )      |   |   | (6,436,553 | )      |   |   | (3,690,939 | ) |
| Income taxes (1)                                            |   |   | -          |   |   |   | -          |   |   |   | - |   |
| Results of operations                                       |   | $      | (1,012,778 | )      |   | $      | (3,135,037 | )      |   | $ | (1,033,457 | ) |

| (1)   | Dejour is currently not taxable. |
|-----------------|----------------------------------|

| (e)   | Standardized Measure of Discounted Future Net Cash Flows and Changes Therein |
|-----------------|------------------------------------------------------------------------------|

----

| As at December 31, 2010                                 |   |   |   |   |   |   |    |   |   |
|---------------------------------------------------------|--------|--------|--------|--------|--------|--------|---------|--------|--------|
|                                                    |   |   |   |   |   |   |    |   |   |
| (in thousands of Canadian dollars)                      |   | Canada |   |   | USA    |   |    | Total  |   |
|                                                    |   |   |   |   |   |   |    |   |   |
| Future revenue, net of royalties                        |   | $      | 15,777 |   |   | $      | 228,318 |   |   | $ | 244,095 |   |
| Future production costs                                 |   |   | (8,833 | )      |   |   | (44,116 | )      |   |   | (52,949 | ) |
| Future development costs                                |   |   | (3,172 | )      |   |   | (79,711 | )      |   |   | (82,883 | ) |
|                                                    |   |   |   |   |   |   |    |   |   |   |   |   |
| Future income taxes (1)                                 |   |   | -      |   |   |   | (15,982 | )      |   |   | - |   |
| Future net cash flows                                   |   |   | 3,772  |   |   |   | 88,509  |   |   |   | 108,263 |   |
| Less:  10% annual discount factor             |   |   | (841   | )      |   |   | (62,561 | )      |   |   | (63,402 | ) |
|                                                    |   |   |   |   |   |   |    |   |   |   |   |   |
| Standardized measure of discounted future net cash flow |   | $      | 2,931  |   |   | $      | 25,948  |   |   | $ | 28,879 |   |

| As at December 31, 2009                                 |   |   |   |   |   |   |    |   |   |
|---------------------------------------------------------|--------|--------|--------|--------|--------|--------|---------|--------|--------|
|                                                    |   |   |   |   |   |   |    |   |   |
| (in thousands of Canadian dollars)                      |   | Canada |   |   | USA    |   |    | Total  |   |
|                                                    |   |   |   |   |   |   |    |   |   |
| Future revenue, net of royalties                        |   | $      | 9,033  |   |   | $      | 233,259 |   |   | $ | 242,292 |   |
| Future production costs                                 |   |   | (5,364 | )      |   |   | (46,024 | )      |   |   | (51,388 | ) |
| Future development costs                                |   |   | (1,225 | )      |   |   | (79,276 | )      |   |   | (80,501 | ) |
| Future income taxes (1)                                 |   |   | -      |   |   |   | (16,328 | )      |   |   | (16,328 | ) |
| Future net cash flows                                   |   |   | 2,444  |   |   |   | 91,630  |   |   |   | 94,074 |   |
| Less:  10% annual discount factor             |   |   | (331   | )      |   |   | (77,359 | )      |   |   | (77,690 | ) |
|                                                    |   |   |   |   |   |   |    |   |   |   |   |   |
| Standardized measure of discounted future net cash flow |   | $      | 2,113  |   |   | $      | 14,272  |   |   | $ | 16,385 |   |

----

| (f)   | Changes in Standardized Measure of Discounted Future Net Cash Flows |
|-----------------|---------------------------------------------------------------------|

| For the Year Ended December 31, 2010                                 |   |   |   |   |   |   |   |   |   |
|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                 |   |   |   |   |   |   |   |   |   |
| (in thousands of Canadian dollars)                                   |   | Canada |   |   | USA    |   |   | Total  |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Present Value January 1, 2010                                        |   | $      | 2,113  |   |   | $      | 14,272 |   |   | $ | 16,385 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales and transfers of oil and gas produced, net of production costs |   |   | (4,169 | )      |   |   | -      |   |   |   | (4,169 | ) |
| Net changes in prices, production costs and royalties                |   |   | 1,259  |   |   |   | 13,548 |   |   |   | 14,807 |   |
| Extensions, discovery, less related costs                            |   |   | 700    |   |   |   | -      |   |   |   | 700 |   |
| Development costs incurred during the period                         |   |   | 3,179  |   |   |   | -      |   |   |   | 3,179 |   |
| Revisions of previous quantity estimates                             |   |   | 1,565  |   |   |   | (1,106 | )      |   |   | 459 |   |
| Accretion of discount                                                |   |   | 211    |   |   |   | -      |   |   |   | 211 |   |
| Net change in income taxes                                           |   |   | -      |   |   |   | -      |   |   |   | - |   |
| Other                                                                |   |   | (1,927 | )      |   |   | (766   | )      |   |   | (2,693 | ) |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Present Value December 31, 2010                                      |   | $      | 2,931  |   |   | $      | 25,948 |   |   | $ | 28,879 |   |

| For the Year Ended December 31, 2009                                 |   |   |   |   |   |   |   |   |   |
|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                 |   |   |   |   |   |   |   |   |   |
| (in thousands of Canadian dollars)                                   |   | Canada |   |   | USA    |   |   | Total  |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Present Value January 1, 2009                                        |   | $      | 6,078  |   |   | $      | -      |   |   | $ | 6,078 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales and transfers of oil and gas produced, net of production costs |   |   | (2,986 | )      |   |   | -      |   |   |   | (2,986 | ) |
| Net changes in prices and production costs                           |   |   | 827    |   |   |   | -      |   |   |   | 827 |   |
| Extensions, discovery, less related costs                            |   |   | -      |   |   |   | 14,272 |   |   |   | 14,272 |   |
| Development costs incurred during the period                         |   |   | 1,262  |   |   |   | -      |   |   |   | 1,262 |   |
| Revisions of previous quantity estimates                             |   |   | 138    |   |   |   | -      |   |   |   | 138 |   |
| Accretion of discount                                                |   |   | 608    |   |   |   | -      |   |   |   | 608 |   |
| Net change in income taxes                                           |   |   | -      |   |   |   | -      |   |   |   | - |   |
| Other                                                                |   |   | (3,814 | )      |   |   | -      |   |   |   | (3,814 | ) |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Present Value December 31, 2009                                      |   | $      | 2,113  |   |   | $      | 14,272 |   |   | $ | 16,385 |   |

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