OVERRIDING ROYALTY AGREEMENT


                THIS AGREEMENT made this 13th day of July, 1990.

BETWEEN:

                DYNAMIC OIL LIMITED, a body corporate, having an office at the
                city of Vancouver, in the Province of British Columbia
                (hereinafter referred to as "Grantor")

                                  - and -

                WAYNE J. BABCOCK, a professional geophysicist having a
                residence, in the City of Vancouver, in the Province of
                British Columbia (hereinafter referred to as "Grantee")

PREAMBLE

   The Grantee, directly or indirectly, has provided and continues to provide
services to the Grantor which have been and are instrumental to the Grantor's
successful exploration for, production and marketing of Petroleum Substances.

   By Special Resolution of the shareholders at the Annual General Meeting of
the Grantor on July 13, 1990 held at the Four Seasons Hotel, 791 West Georgia
Street, Vancouver, B.C., the Grantor has agreed to grant and pay to the Grantee
the Overriding Royalty as part of Grantee's compensation for services performed;

   NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the
premises and the covenants and agreements herein contained, the parties agree as
follows:

1.   INTERPRETATION

     (a)  In this agreement, including the preamble and any schedules, the
          following terms have the following meanings:

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          (i)     "Condensate" means a mixture of mainly pentanes and heavier
                  hydrocarbons that may be contaminated with sulphur compounds,
                  that is recovered or is recoverable at a Well from an
                  underground reservoir and that may be gaseous in its virgin
                  reservoir state but is liquid at the conditions under which
                  its volume is measured or estimated;

          (ii)    "Crude Oil" means a mixture mainly of pentanes and heavier
                  hydrocarbons that may be contaminated with sulphur compounds,
                  that is recovered or is recoverable at a Well from an
                  underground reservoir and that is liquid at the conditions
                  under which its volume is measured or estimated and includes
                  all other hydrocarbon mixtures so recovered or recoverable
                  except Natural Gas or Condensate;

          (iii)   "Leases" means the respective documents of title and any
                  extension, renewal or replacement of such documents pursuant
                  to which the Grantor holds an interest in the Royalty Lands;

          (iv)    "Natural Gas" means all fluid hydrocarbons, before and after
                  processing, which are not defined as either Condensate or
                  Crude Oil and includes hydrogen sulphide, carbon dioxide and
                  helium produced from a Well;

          (v)     "Overriding Royalty" means the Overriding Royalty granted
                  pursuant to section 2;

          (vi)    "Petroleum Substances" means Natural Gas, Crude Oil,
                  Condensate and related hydrocarbons and all other substances
                  produced in association therewith but only to the extent that
                  the same are granted by the Leases;

          (vii)   "Regulations" means all statutes, laws, rules, orders,
                  regulations or directives in effect from time to time and made
                  by any governmental authority having jurisdiction over the
                  Royalty Lands and the operations to be conducted thereon;

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          (viii)  "Royalty Lands" means the specified undivided working
                  interest(s) in the lands set out in Schedule "A" as amended
                  from time to time pursuant to section 5 hereof;

          (ix)    "Spacing Unit" means the area allocated to a Well (or the area
                  which would be allocated from time to time to a Well, but for
                  a plan of unitization) pursuant to the Regulations for the
                  purpose of producing Petroleum Substances; and

          (x)     "Well" means any Well on the Royalty Lands drilled after the
                  effective date hereof or any Well on lands pooled with the
                  Royalty Lands after the effective date hereof.

     (b)  The headings contained in this agreement are intended for convenience
          of reference only and shall form no part of this agreement. A
          reference to a section or paragraph is, unless otherwise provided, a
          reference to a section or paragraph within this agreement.

     (c)  The words herein contained which impart the singular number shall be
          read and construed as applying to the plural and vice versa and those
          which impart the masculine gender shall be read and construed as
          applying the female and neuter genders and vice versa.

     (d)  Schedule "A" to this agreement, and every amendment thereof, is
          incorporated by reference as fully as though contained in the body
          hereof. Wherever any term or condition, expressed or implied, of
          Schedule "A" conflicts or is at variance with any terms or condition
          of this agreement, such term or condition of this agreement shall
          prevail.

2.   GRANT OF OVERRIDING ROYALTY

     (a)  Grantor hereby grants to the Grantee an interest in respect of the
          Petroleum Substances within, upon or under the Royalty Lands to be
          quantified as 1 % of the gross monthly production of all Petroleum
          Substances produced or deemed to be produced from or allocated to
          each Well and marketed.

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     (b)  If the working interest specified in Schedule "A" is less than one
          hundred percent (100%), the percentages calculated in accordance with
          this section shall be multiplied by the percentage interest specified
          in Schedule "A".

     (c)  In the event any Well is completed in two or more zones producing
          Petroleum Substances and the production therefrom is segregated and
          accounted for separately in accordance with the Regulations, the
          Overriding Royalty shall be quantified separately for each zone
          producing Petroleum Substances rather than upon the total production
          from such Well.

     (d)  Except as provided by section 4, the Overriding Royalty shall not be
          subject to any royalties, burdens, encumbrances or any deductions
          whatsoever payable in respect of the Royalty Lands or Petroleum
          Substances derived therefrom.

3.   AGENCY AND RIGHT TO TAKE IN KIND

     (a)  The Grantee shall have the right to take in kind the Grantee's share
          of Petroleum Substances and separately dispose of its share of
          Petroleum Substances.

     (b)  Subject to paragraph (a) and the grantee's right to revoke the agency,
          Grantor is hereby appointed as agent of Grantee with full power and
          authority to:

          (i)     negotiate and enter into contracts for the sale of Grantee's
                  share of Petroleum Substances; and

          (ii)    take possession of and dispose of Grantee's share of Petroleum
                  Substances.

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     (c)  Grantor, as agent, shall not enter into a contract for the sale of the
          Grantee's share of Petroleum Substances for a price which is less than
          the price which Grantor receives for the sale of its own Petroleum
          Substances. Until the agency created under this section (the "agency")
          is revoked by Grantee, all sales by Grantor of Petroleum Substances
          shall include Grantee's share thereof. Subject to existing obligations
          in respect of the Grantee's share of Petroleum Substances, Grantee
          may, on a minimum of 45 days notice to Grantor, revoke the agency or
          re-establish the agency, which rights may be exercised separately with
          respect to each of (i) Natural Gas, (ii) Crude Oil (including
          Condensate), (iii) sulphur, and (iv) all other Petroleum Substances
          and may be exercised from time to time subject only to paragraph (e).
          If the agency is revoked, Grantee shall take possession of and
          separately dispose of its share of Petroleum Substances.

     (d)  Upon request of the Grantee, Grantor shall notify Grantee of any
          proposed contract of sale of Petroleum Substances to third parties
          which is for a period in excess of 45 days providing reasonable
          details thereof.

     (e)  If Grantee revokes the agency and thereafter fails to take possession
          of and separately dispose of Grantee's share of Petroleum Substances,
          Grantor shall, while Petroleum Substances are being produced from the
          Royalty Lands, take possession of and dispose of Grantee's share of
          Petroleum Substances and shall be entitled to retain a management fee
          equivalent to 5% of the gross proceeds received therefrom until the
          later of such time as the agency is re-established pursuant to
          paragraph (c) on 45 days notice or upon the termination of any
          contract of sale of Petroleum Substances to third parties. Grantee
          shall not be deemed to have failed to take possession of and
          separately dispose of Grantee's share of Petroleum Substances for the
          purposes of this paragraph where the actual failure to take was caused
          by:

          (i)     ordinary fluctuations in the delivery volumes taken by the
                  purchaser of such Petroleum Substances, or

<PAGE>
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          (ii)    any occurrence or event not reasonably within the control of
                  Grantee and which Grantee is unable to prevent or overcome by
                  the exercise of due diligence.

     (f)  When Grantee takes possession of and separately disposes of its share
          of Crude Oil or Condensate, Grantor shall at Grantor's sole cost and
          expense, remove basic sediment and water therefrom in accordance with
          good oilfield practice so that pipeline specifications in that regard
          will be met. At Grantee's request, Grantor shall provide Grantee at
          Grantor's cost, production tankage capacity for not more than 10 days
          accumulation of Grantee's share of Petroleum Substances other than
          Natural Gas and Grantor shall deliver same to Grantee or its nominee
          at the tank outlets in accordance with usual and customary pipeline
          and shipping practice, free and clear of all charges whatsoever. When
          Grantee takes possession of and separately disposes of Grantee's share
          of Natural Gas, Grantor shall deliver same to Grantee, or its nominee
          at the wellhead of the Well.

4.   QUANTIFICATION OF OVERRIDING ROYALTY

     (a)  If Grantee does not take possession of and separately dispose of its
          share of Petroleum Substances, the Overriding Royalty shall be
          quantified and paid on the gross proceeds of the sale of such
          Petroleum Substances without any deduction, except the following:

          (i)     with respect to Crude Oil and Condensate, a proportionate
                  share of the actual costs of transportation to market
                  connection where sales are not made f.o.b. the tanks serving
                  the Wells;

          (ii)    with respect to Natural Gas and all other Petroleum Substances
                  except Crude Oil and Condensate, a proportionate share of the
                  cost of transportation, gathering and processing, provided:

                  (A) the deduction of gathering and processing costs shall not
                      reduce the net proceeds attributable to Grantee's share of
                      Petroleum Substances below 95% of the gross proceeds of
                      sale of such Petroleum Substances;

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                  (B) the deduction of gathering and processing costs shall not
                      exceed those which would be permitted by the Regulations
                      of a government or governmental agency, having
                      jurisdiction over the Royalty Lands, if it were lessor;

                  (C) unless otherwise agreed and subject to paragraphs (A) and
                      (B) above, depreciation of the cost of gathering and
                      processing facilities shall be charged on a unit of
                      throughput basis over the economic life of such
                      facilities; interest on investment in such facilities
                      shall not exceed a rate per annum (on the depreciated
                      investment) of 2% over the annual rate of interest
                      announced from time to time by the principal bank or
                      other lending institution of Grantor in Canada as a
                      reference rate then in effect for determining interest
                      rates on Canadian dollar commercial loans in Canada; and

                  (D) no allowance will be made for Grantor's income taxes,
                      whether actual or assumed; and

          (iii)   the management fee provided in paragraph 3(e), if applicable.

     (b)  If Grantee's share of Petroleum Substances is sold by Grantor at less
          than fair market value in any transaction (including those
          transactions which are not at arm's length or any transaction
          involving any arrangement from which Grantor obtains a collateral
          advantage in consideration of the reduced price), then the gross
          proceeds of the sale of such Petroleum Substances shall, for the
          purposes of quantifying the Overriding Royalty, be calculated on the
          basis of its fair market value and not the actual value received by
          the Grantor for the sale of such Petroleum Substances.

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5.   SCHEDULE "A"

     Schedule "A" shall be amended from time to time by adding to it any lands
     that are acquired by the Grantor after June 1, 1986. Lands acquired before
     June 1, 1986, shall be added to Schedule "A" where the production of
     Petroleum Substances have increased as a result of new Wells drilled after
     June 1, 1986. Every six months, the Grantor shall prepare a new Schedule
     "A" which schedule shall include the lands, Leases and its interest therein
     that it has acquired or developed since the date that the last such
     schedule was prepared. Each successive Schedule "A" shall have typed at the
     foot thereof a notation indicating the effective date of the revised
     schedule. The Grantor shall pay the Overriding Royalty as provided for
     hereunder effective from the date of the acquisition of the new lands and
     Leases, notwithstanding the delay in the inclusion of the new lands of
     Schedule "A".

6.   CONDUCT OF OPERATIONS

     (a)  Grantor shall be entitled to use a proportionate share of the
          Grantee's share of Petroleum Substances as may be reasonably necessary
          for its drilling and production operations with respect to the Royalty
          Lands, excluding Petroleum Substances used for tertiary recovery
          operations. Grantor shall not be liable to Grantee for Petroleum
          Substances which are unavoidably lost. Petroleum Substances so used or
          lost shall be excluded when quantifying the Overriding Royalty.

     (b)  Nothing contained in this agreement shall be a deemed or implied
          covenant by the Grantor to develop the Royalty Lands.

     (c)  Notwithstanding anything to the contrary in this agreement, if
          pursuant to any joint operating agreement presently existing or
          subsequently entered into governing the operation of any of the
          Royalty Lands, Grantor elects not to participate or is deemed to
          have elected not to participate in an operation on any of the
          Royalty Lands such that Grantor is thereafter permanently or
          temporarily (the "penalty period") not entitled to all or any
          portion of Grantor's working interest share of Petroleum Substances
          produced or gross proceeds of sale of Petroleum Substances produced

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          from such operations then in each such instance, the Grantee shall not
          be entitled to the Overriding Royalty relating to the Royalty Lands
          subject to the penalty period. If the penalty period affects only a
          potion of a given parcel of Royalty Lands, the Grantee shall be
          entitled to the Overriding Royalty relating to the remainder of the
          parcel.

7.   MAINTENANCE OF LEASES

     Grantor shall comply with all the covenants and conditions contained in the
     Leases insofar as they relate to the Royalty Lands and shall do all things
     necessary to maintain the Leases in full force and effect during the term
     of this agreement including timely payment of all rentals, all renewal and
     extension fees, all taxes, all payments in lieu of actual production and
     royalties due or becoming due in respect of the Royalty Lands and the
     Leases.

8.   POOLING

     The Grantor shall at any time and from time to time have the right to pool
     the Royalty Lands or any part of parts thereof with any other lands for the
     production of Petroleum Substances therefrom. Upon such pooling and during
     the term that such pooling is in effect, the Overriding Royalty (insofar as
     it relates to pooled lands) shall be quantified on the basis of production
     allocated to the Royalty Lands under the plan of pooling and not on the
     basis of actual production from the Royalty Lands.

9.   UNITIZATION

     The Grantor may include the Royalty Lands or any part of parts thereof in a
     unit agreement or a unit operating agreement for the unitized development
     and/or operation thereof with other lands. Upon any such unitization and
     during the term such unitization is in effect, the Overriding Royalty
     (insofar as it relates to unitized lands) shall be quantified on the basis
     of the production allocated to each Spacing Unit on the Royalty Lands under
     the plan of unitization and not upon the basis of actual production from
     the Royalty Lands. Further, each Spacing Unit for which production is
     allocated shall be deemed to have one Well thereon, regardless of the
     actual number of Wells.

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10.  BOOKS AND RECORDS

     (a)  The Grantor shall keep true and current books, records and accounts
          showing the quantity of Petroleum Substances produced from or
          allocated to the Royalty Lands and the sales and disposition made
          thereof from time to time. The books, records, vouchers and accounts
          maintained by the Grantor shall be open to inspection at all
          reasonable times during business hours by any officer, agent or
          employee appointed or authorized by the Grantee, in writing, to
          examine the same. All information obtained by the Grantee pursuant to
          this paragraph shall be treated as confidential and shall not be
          disclosed to third persons without the prior written consent of the
          Grantor.

     (b)  By the last day of each month, beginning with the first month
          following the month in which production of Petroleum Substances from
          the Royalty Lands is obtained after the date hereof, Grantor shall
          submit to Grantee a statement showing the quantity and kind of
          Petroleum Substances produced, deemed to be produced or allocated to,
          saved and sold from or used off the Royalty Lands in the immediately
          preceding calendar month, together with a quantification of Grantee's
          share of Petroleum Substances for such immediately preceeding calendar
          month. When Grantee does not take and separately dispose of its share
          of Petroleum Substances, such statement shall also include the sale
          price for such Petroleum Substances and the gross proceeds received
          therefrom, accompanied by a cheque payable to Grantee for its share of
          such proceeds. A copy of Grantor's governmental production statement
          for the month for which the Overriding Royalty is quantified as
          aforesaid and also, with respect to Crown Leases, a copy of the
          government royalty statement with respect to the Leases, shall
          accompany each royalty statement to Grantee. Any information contained
          in such governmental production statement or royalty statement to
          Grantee.

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     (c)  Grantee, upon notice to Grantor, shall have the right (at its own
          expense) to audit Grantor's accounts and records for any given
          calendar year, insofar as they relate to any matter or item relating
          to this agreement, within the 24 month period following the end of
          that calendar year. Any payment made or statement rendered by Grantor
          hereunder which is not disputed by Grantee on or before the last day
          of the 26th month following the end of that calendar year shall be
          deemed to be correct.

11.  INTEREST INLAND AND SECURITY

     (a)  The Grantee shall have a lien, first charge and security interest (the
          "Lien") on the interest of Grantor in the Royalty Lands and in the
          Petroleum Substances within, upon or under the Royalty Lands or
          produced from, deemed to be produced from or allocated to the Royalty
          Lands and the Wells and equipment thereon for any unpaid monies owed
          it pursuant to this agreement.

     (b)  Both the Overriding Royalty and the lien shall be interests in land
          and shall run with the Royalty Lands.

     (c)  Upon the failure of the Grantor to pay the Grantee in accordance with
          the terms of this agreement any monies hereunder due to the Grantee:

          (i)     the lien shall arise forthwith; and

          (ii)    the Grantee shall have the right to set off any amount owing
                  to Grantee against any other monies that may from time to time
                  be owing by Grantee or Grantee's affiliates to Grantor.

12.  RELEASE OF OVERRIDING ROYALTY

     (a)  Should the Grantor enter into a farmout agreement, joint venture
          agreement or any other like agreement which gives any other person
          (other than a party dealing at non-arm's length with the Grantor) a

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          right to earn  an interest in Royalty Lands that are not then
          producing, the Grantee acknowledges and agrees that, without the
          execution of any further documentation to that effect, the
          Overriding Royalty provided for herein shall be released as against
          any interest earned by such other person. The Grantee agrees to
          execute such form of release as are required by the person who has
          earned an interest in the Royalty Lands to give effect to the release
          provided for by this section.

     (b)  Notwithstanding anything to the contrary in this agreement, if
          pursuant to any joint operating agreement presently existing or
          subsequently entered into governing the operation of the Royalty
          Lands, Grantor elects not to participate or is deemed to have elected
          not to participate in an operation on the Royalty Lands such that
          Grantor is thereafter permanently or temporarily (the "penalty
          period") not entitled to all or any portion of Grantor's working
          interest share of Petroleum Substances produced, or gross proceeds of
          sale of Petroleum Substances produced from such operations then, in
          each instance, the Grantee shall not be entitled to the said royalty
          during the penalty period.

13.  ASSIGNMENT BY GRANTOR

     Subject to section 12, the Grantor may, with the consent of Grantee which
     shall not be unreasonably withheld, assign any legal or equitable interest
     in this agreement, the Royalty Lands, the Leases or any portion or portions
     thereof and in the event of such assignment, the Grantor shall continue to
     be bound by all of the conditions and provisions of this agreement as if
     there had been no assignment until such time as the Grantee shall have been
     served with a written undertaking by the assignee (or assignees) directly
     enforceable by the Grantee, to perform and be bound thereafter by all of
     the terms and provisions of this agreement to the same extent and degree
     with respect to the interest which has been assigned to it, as it would
     have been if such assignee (or assignees) had been a party to this
     agreement instead of the Grantor.

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14.  ASSIGNMENT BY GRANTEE

     The Grantee may at any time assign its interest (or any part thereof) in
     the Overriding Royalty upon notice thereof to the Grantor provided that if
     at any time the Overriding Royalty should become owned by more than one
     person, the Grantor shall have the right to require the holders of the
     Overriding Royalty to appoint in writing an agent to represent all the
     holders of the Overriding Royalty and to receive all statements and
     payments (if any) of the Overriding Royalty.

15.  NOTICES

     (a)  Whether or not so stipulated herein, delivery of all notices and
          communications ("notices") required or permitted hereunder shall be in
          writing. Notices may be given:

          (i)     personally by leaving them with the party or at the offices of
                  the party to whom they are to be served at that party's
                  address hereinafter given. Personally served notices shall be
                  deemed received by the addressees at 4:00 o'clock p.m. on the
                  day when actually delivered provided such delivery shall be
                  prior to the aforesaid time, and shall be deemed received by
                  the addressee at 9:00 o'clock a.m. on the next ensuing day
                  when actually delivered on the day first mentioned at a time
                  after 4:00 o'clock p.m.;

          (ii)    by telegraph, telex or telecopies (or by any other like method
                  by which a written or recorded message may be sent) directed
                  to the party to whom they are to be delivered at that party's
                  address hereinafter given. Notices so sent shall be deemed
                  received by the addressee thereof at 9:00 o'clock a.m. on the
                  next ensuing normal business day after the day of sending; or

          (iii)   by mailing them first class mail (air mail if to or from a
                  country other than Canada) registered post, postage prepaid,
                  to the party to whom they are to be delivered. Notices so
                  delivered by parties in Canada or the United States to parties
                  in Canada or the United States shall be deemed to be received

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                  by the addressee thereof at 9:00 o'clock a.m. on the third
                  normal business day following the mailing thereof, and shall
                  otherwise be deemed to be received by an addressee when
                  actually received. Notices shall not be delivered by mail
                  during times of strikes or threatened strikes of postal
                  workers or other disruptions of postal service.

     (b)  Where, in this agreement, a time period is established within which a
          party must respond, elect or otherwise communicate with respect to a
          notice so received the time shall commence to run when the notice is
          deemed to be received as hereinbefore provided. Saturdays, Sundays and
          statutory holidays in Vancouver shall not be included when determining
          the running of any time period provided for herein anything
          hereinbefore provided to the contrary.

     (c)  The address of each of the respective parties hereto shall be as
          follows:

          Grantee:  Wayne J. Babcock
                    3949 West 32 Ave.
                    Vancouver, B.C.
                    V6S 1Z4

          Grantor:  Dynamic Oil Limited
                    Suite 200 - 2025 West 42nd Avenue
                    Vancouver, British Columbia
                    V6M 2B5

                    Telefax: (604) 266-0751

     (d)  Either party may change its address by notice delivered in accordance
          with this section.

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16.  TERM

     (a)  This agreement shall be effective June 1, 1986, and shall remain in
          force and effect until the date upon which neither the Grantor nor any
          of its successors or assigns hold any interest whatsoever in the
          Royalty Lands.

     (b)  The Grantee is currently either a consultant or employee of the
          Grantor and as such, provides certain services to the Grantor. At such
          time as the Grantee permanently ceases to provide services (in any
          capacity) to the Grantor, then upon the effective date of the
          termination of the relationship between the parties:

          (i)     the parties shall revise Schedule "A" in the manner
                  contemplated by section 5; and

          (ii)    thereafter, no further lands or Leases shall be included in
                  Schedule "A", but in all other respects, this agreement shall
                  continue in full force and effect.

17.  GENERAL

     (a)  The parties will from time to time and at all times hereafter, without
          further consideration, do such further acts and deliver all such
          further assurances, deeds and documents as shall reasonably be
          required in order to fully perform and carry out the terms of this
          agreement.

     (b)  No modification or alteration of this agreement nor any waiver of any
          form herein shall be binding unless executed in writing by the
          parties.

     (c)  The terms and conditions of this agreement shall be binding upon and
          shall enure to the benefit of the parties hereto and their respective
          permitted successors and assigns.

     (d)  Time is of the essence of this agreement.

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Page 165

     (e)  This agreement shall be governed by and interpreted in accordance with
          the laws of the Province of British Columbia.

          IN WITNESS WHEREOF the parties have executed this agreement as of the
date first above written.



                                        DYNAMIC OIL LIMITED

                                        Per:  /s/ Signature
                                        -------------------------------------


                                        Per:  /s/ Signature
                                        -------------------------------------



/s/ Mike Bardell                        /s/ Wayne Babcock
-------------------------------------   -------------------------------------
Witness                                 Wayne Babcock

<PAGE>
<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ACHESON, AB   A014-M001        A       SCHROEDER  M.       100  TWP 52-RGE 26-W4M       SE 33       PNG from SURFACE to BASEMENT

              A014-M002        A       SMULSKI MICHAEL     100  TWP 52-RGE 26-W4M     SE 33         PNG from SURFACE to BASEMENT
                                                                                                    excluding PNG from TOP of LEDUC
                                                                                                    to BASE of LEDUC

              A014-M003        A       LACHMAN,W&K         100   TWP 52-RGE 26-W4M    NW 33         PNG from SURFACE to BASEMENT
                                                                                                    1/2 leasehold int.

              A014-M004        A       EASTON,K            100   TWP 52-RGE 26-W4M    NW 33         PNG from SURFACE to BASEMENT
                                                                                                    1/2 leasehold int.

HALKIRK, AB   A017-M001        A       RICHARDSON, A       100   TWP 37-RGE 16-W4M    NW 26
              A017-M001        A       RICHARDSON, A       100   TWP 37-RGE 16-W4M    SW 26         NG from SURFACE to BASEMENT

              A017-M002        A       TAYLOR,HG           100   TWP 37-RGE 15-W4M    31            NG from SURFACE to BASEMENT
                                                                                                    50% leasehold int.

              A017-M003        A       TAYLOR,BH           100   TWP 37-RGE 15-W4M    31            NG from SURFACE to BASEMENT
                                                                                                    50% leasehold int.

              A017-M004        A       DAHMER,EN           100   TWP 37-RGE 16-W4M    N/2 25        NG from SURFACE to BASEMENT

              A017-M005        A       DAHMER,RH           100   TWP 37-RGE 16-W4M    S/2 25        NG from SURFACE to BASEMENT

              A017-M006        A       PANCANDIAN RESOURC  100   TWP 37-RGE 15-W4M    19            NG from SURFACE to BASE of
                                                                                                    MANNVILLE

              A017-M007        A       PANCANDIAN RESOURC  100   TWP 37-RGE 15-W4M    19            PET from SURFACE to BASE of
                                                                                                    MANNVILLE

LEGAL SOUTH,  A003-M001        A       0483120288           33.42  TWP 57-RGE 25-W4M    10          PNG from SURFACE to BASE of
AB                                                                                                  MANNVILLE

MORINVILLE    A004-M001        A       0489060309           50     TWP 56-RGE 25-W4M    16          PNG from SURFACE to BASE of
North, AB.                                                                                          MANNVILLE

              A004-M002        A     CHAMPAGNE,ANITA L.     66.16  TWP 56-RGE 25-W4M    21 (LSD 1&2)PNG from SURFACE to BASEMENT

              A004-M003        A     CHAMPAGNE,JEANETTE     66.16  TWP 56-RGE 25-W4M    21 (LSD 7&8)PNG from SURFACE to BASEMENT

              A004-M004        A     TOLLE, FRITZ           66.16  TWP 56-RGE 25-W4M    NE21        PNG from SURFACE to BASEMENT

              A004-M005        A     TOLLE, FRITZ           66.16  TWP 56-RGE 25-W4M    NW21        PNG from SURFACE to BASEMENT

              A004-M006        A     TAILLEUR,MAURICE       66.16  TWP 56-RGE 25-W4M    SW21        PNG from SURFACE to BASEMENT
</TABLE>
                                                 Revision dated: August 1, 2000
1


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ACHESON, AB   A014-M001        A       SCHROEDER  M.       100  TWP 52-RGE 26-W4M       SE 33       PNG from SURFACE to BASEMENT

              A014-M002        A       SMULSKI MICHAEL     100  TWP 52-RGE 26-W4M     SE 33         PNG from SURFACE to BASEMENT
                                                                                                    excluding PNG from TOP of LEDUC
                                                                                                    to BASE of LEDUC

              A014-M003        A       LACHMAN,W&K         100   TWP 52-RGE 26-W4M    NW 33         PNG from SURFACE to BASEMENT
                                                                                                    1/2 leasehold int.

              A014-M004        A       EASTON,K            100   TWP 52-RGE 26-W4M    NW 33         PNG from SURFACE to BASEMENT
                                                                                                    1/2 leasehold int.

HALKIRK, AB   A017-M001        A       RICHARDSON, A       100   TWP 37-RGE 16-W4M    NW 26
              A017-M001        A       RICHARDSON, A       100   TWP 37-RGE 16-W4M    SW 26         NG from SURFACE to BASEMENT

              A017-M002        A       TAYLOR,HG           100   TWP 37-RGE 15-W4M    31            NG from SURFACE to BASEMENT
                                                                                                    50% leasehold int.

              A017-M003        A       TAYLOR,BH           100   TWP 37-RGE 15-W4M    31            NG from SURFACE to BASEMENT
                                                                                                    50% leasehold int.

              A017-M004        A       DAHMER,EN           100   TWP 37-RGE 16-W4M    N/2 25        NG from SURFACE to BASEMENT

              A017-M005        A       DAHMER,RH           100   TWP 37-RGE 16-W4M    S/2 25        NG from SURFACE to BASEMENT

              A017-M006        A       PANCANDIAN RESOURC  100   TWP 37-RGE 15-W4M    19            NG from SURFACE to BASE of
                                                                                                    MANNVILLE

              A017-M007        A       PANCANDIAN RESOURC  100   TWP 37-RGE 15-W4M    19            PET from SURFACE to BASE of
                                                                                                    MANNVILLE

LEGAL SOUTH,  A003-M001        A       0483120288           33.42  TWP 57-RGE 25-W4M    10          PNG from SURFACE to BASE of
AB                                                                                                  MANNVILLE

MORINVILLE    A004-M001        A       0489060309           50     TWP 56-RGE 25-W4M    16          PNG from SURFACE to BASE of
North, AB.                                                                                          MANNVILLE

              A004-M002        A     CHAMPAGNE,ANITA L.     66.16  TWP 56-RGE 25-W4M    21 (LSD 1&2)PNG from SURFACE to BASEMENT

              A004-M003        A     CHAMPAGNE,JEANETTE     66.16  TWP 56-RGE 25-W4M    21 (LSD 7&8)PNG from SURFACE to BASEMENT

              A004-M004        A     TOLLE, FRITZ           66.16  TWP 56-RGE 25-W4M    NE21        PNG from SURFACE to BASEMENT

              A004-M005        A     TOLLE, FRITZ           66.16  TWP 56-RGE 25-W4M    NW21        PNG from SURFACE to BASEMENT

              A004-M006        A     TAILLEUR,MAURICE       66.16  TWP 56-RGE 25-W4M    SW21        PNG from SURFACE to BASEMENT
</TABLE>
                                                 Revision dated: August 1, 2000
1


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

MORINVILLE/   A012-M001        A     PCP AB85-21063         88     TWP 56-RGE 25-W4M  S/2 13 (PET.  PET from SURFACE to BASE of
PEAVEY                                                                                 ONLY)        MANNVILLE

              A012-M002        A     PCP AB55-21064         88     TWP 56-RGE 25-W4M  S/2 13 (N.G.  NG from SURFACE to BASE of
                                                                                      ONLY)         MANNVILLE

              A012-M003        A     0498070528             88     TWP 56-RGE 25-W4M  SE 13 (PTN)   PNG from SURFACE to BASE of
                                                                                                    MANNVILLE

              A012-M004        A     0495060294             88     TWP 56-RGE 25-W4M    N 13        PNG from SURFACE to BASE of
                                                                                                    MANNVILLE

              A012-M005        A     0497090484             73     TWP 56-RGE 25-W4M    26          PNG from SURFACE to BASEMENT

              A012-M006        A     0495060295             82     TWP 56-RGE 25-W4M    24          PNG from SURFACE to BASEMENT

              A012-M007        A     TAILLEUR, MARCEL       96.5   TWP 56-RGE 25-W4M    SE 23       PNG from SURFACE to BASE of
                                                                                                    MANNVILLE

              A012-M008        A     TAILLEUR, DENIS        96.5   TWP 56-RGE 25-W4M   NW 23        PNG from SURFACE to BASEMENT
                                                                                                    50% leasehold int.


              A012-M009        A     TAILLEUR, RENE         96.5   TWP 56-RGE 25-W4M   NW 23        PNG from SURFACE to BASEMENT
                                                                                                    50% leasehold int.

              A012-M010        A     0494100849             61.5   TWP 56-RGE 25-W4M    14          PNG Top of Ellerslie to Base
                                                                                                    Ellerslie
              A012-M010        B     494100849              96.5   TWP 56-RGE 25-W4M    14          PNG from SURFACE to BASEMENT
                                                                                                    Excluding Ellerslie
              A012-M010        B     0494100849             66.5   TWP 56-RGE 25-W4M    11          PNG from SURFACE to BASEMENT
              A012-M010        C     0494100849             96.5   TWP 56-RGE 25-W4M    12          PNG from SURFACE to BASEMENT

              A012-M011        A     PCP AB55-19844         96.5   TWP 56-RGE 25-W4M    35          NG from SURFACE to BASEMENT

              A012-M012        A     PCP AB85-19845         96.5   TWP 56-RGE 25-W4M    35          PET from SURFACE to BASEMENT

              A012-M013        A     PCP AB55-21723         96.5   TWP 56-RGE 25-W4M    23          NG from SURFACE to BASEMENT

              A012-M014        A     PCP AB55-21724         36.5   TWP 56-RGE 25-W4M    25          NG from SURFACE to BASEMENT

              A012-M015        A     PCP AB85-21674         96.5   TWP 56-RGE 25-W4M    23          PET from SURFACE to BASEMENT

              A012-M016        A     PCP AB85-21675         36.5   TWP 56-RGE 25-W4M    25          PET from SURFACE to BASEMENT

</TABLE>
                                                 Revision dated: August 1, 2000
2


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights


PEAVEY EAST,  A016-M001        A     0478080069             35     TWP 56-RGE 24-W4M    NW 30       PNG from SURFACE to BASE of
AB                                                                                                  MANNVILLE
                                                                                                    Excludes NG in Viking &
                                                                                                    Blairmore

              A016-M002        A     0497050775             35     TWP 56-RGE 24-W4M    S 30
              A016-M002        A     0497050775             35     TWP 56-RGE 24-W4M    NE 30       PNG from SURFACE to BASE of
                                                                                                    BLAIRMORE
                                                                                                    Excludes Natural Gas in
                                                                                                    Viking Sandstone and Blairmore
                                                                                                    Group.
              A016-M002        B     0497050775             35     TWP 56-RGE 24-W4M    S 30
              A016-M002        B     0497050775             35     TWP 56-RGE 24-W4M    NE 30       PNG from BASE of BLAIRMORE to
                                                                                                    BASEMENT
              A016-M002        C     0497050775             35     TWP 54-RGE 26-W4M    NW 30       PNG from BASE of MANNVILLE

              A016-M003        A     1577                   35     TWP 54-RGE 26-W4M    30          NG
                                                                                                    Natural Gas in Viking Sandstone
                                                                                                    and Blairmore



REDWATER, AB  A013-M001        A     0499110112             100    TWP 58-RGE 22-W4M    S9,
              A013-M001        A     0499110112             100    TWP 58-RGE 22-W4M    NW 9
              A013-M001        A     0499110112             100    TWP 58-RGE 22-W4M    9 (LSDS.    PNG from SURFACE to BASEMENT
                                                                                        9, 10 15)

              A013-M002        A     0499110113             100    TWP 58-RGE 22-W4M    9 (LSD 16)
                                                                                                    PNG from SURFACE to BASEMENT

SIMONETTE,    A007-M001        A     0592070201              50    TWP 63-RGE 25-W5M    NW3         PNG from SURFACE to BASE of
AB                                                                                                  NORDEGG

              A007-M002        A     0592070203              50    TWP 63-RGE 25-W5M    NE3         PNG from SURFACE to BASE of
                                                                                                    NORDEGG

              A007-M003        A     0586050246              50    TWP 63-RGE 25-W5M    S3          PNG from SURFACE to BASE of
                                                                                                    BLUESKY

              A007-M004        A     0594100250              40    TWP 63-RGE 25-W5M    SW 2
              A007-M004        A     0594100250              40    TWP 63-RGE 25-W5M    E 2         PNG from SURFACE to BASE of
                                                                                                    BLUESKY

ST. ALBERT,   A008-M001        A     MCDONALD, DUNCAN G      50    TWP 53-RGE 26-W4M   1 (LSDS.2,3)
AB            A008-M001        A     MCDONALD, DUNCAN G      50    TWP 53-RGE 26-W4M   36 (LSDS. 11
                                                                                       12,13,14,15)
              A008-M001        A     MCDONALD, DUNCAN G      50    TWP 53-RGE 26-W4M   35 (LSDS. 9,
                                                                                       15, 16)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS: RL 9
              A008-M001        B     MCDONALD, DUNCAN G      25    TWP 53-RGE 26-W4M    1(LSDS. 2,3)
              A008-M001        B     MCDONALD, DUNCAN G      25    TWP 53-RGE 26-W4M   36 (LSDS. 11
                                                                                         12,13,14)
              A008-M001        B     MCDONALD, DUNCAN G      25    TWP 53-RGE 26-W4M   36 (LSD. 15)
              A008-M001        B     MCDONALD, DUNCAN G      25    TWP 53-RGE 26-W4M   35 (LSDS. 9,
                                                                                         15, 16)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS: Rl 9

              A008-M002        A     VAN HOUCK, A. ETAL      50    TWP 54-RGE 26-W4M   1(LSDS 1,2)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS: (RL 13)
              A008-M002        B     VAN HOUCK, A. ETAL      50    TWP 53-RGE 26-W4M   36 (LSDS. 1,
                                                                                       2,7,8, 9,10,
                                                                                       15,16)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS: (RL 13)

</TABLE>
                                                 Revision dated: August 1, 2000
3



<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M002        C     VAN HOUCK, A. ETAL      50    TWP 53-RGE 26-W4M   31(LSDS 12 )
CONT'D                                                                                (WITHIN RL13)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS
                                                                                                    (RL 13)
              A008-M002        D     VAN HOUCK, A. ETAL      25    TWP 53-RGE 25-W4M   31(Lsd 12)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS (RL 13)
              A008-M002        D     VAN HOUCK, A. ETAL      25    TWP 54-RGE 26-W4M   1(LSDS 1,2)
              A008-M002        E     VAN HOUCK, A. ETAL      25    TWP 53-RGE 26-W4M   36 (LSDS. 1,
                                                                                         2,7,8)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS (RL 13)
              A008-M002        E     VAN HOUCK, A. ETAL      25    TWP 53-RGE 26-W4M   36 (LSDS. 9
                                                                                        10,15,16)

              A008-M003        A     CUNNINGHAM, J.P.        50    TWP 53-RGE 26-W4M   25 (Ptn Lsd
                                                                                        13)(within
                                                                                        RL 1K)
              A008-M003        A     CUNNINGHAM, J.P.        50    TWP 53-RGE 26-W4M   26 (PTN LSDS
                                                                                       13,14,15,16)
                                                                                      (IN RL 1J & 1K)
              A008-M003        A     CUNNINGHAM, J.P.        50    TWP 53-RGE 26-W4M   35 (PTN. LSDS.
                                                                                       1,2,3,4,)
                                                                                      (WITHIN RL 1J)
              A008-M003        A     CUNNINGHAM, J.P.        50    TWP 53-RGE 26-W4M   36(PTN.LSD.4)
                                                                                      (WITHIN RL 1J)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS
              A008-M003        B     CUNNINGHAM, J.P.        25    TWP 53-RGE 26-W4M   25 (Ptn Lsd
                                                                                       13)(within
                                                                                       RL 1K)
              A008-M003        B     CUNNINGHAM, J.P.        25    TWP 53-RGE 26-W4M   26 (PTN LSDS
                                                                                       13,14,15,16)
                                                                                      (IN RL 1J & 1K)
              A008-M003        B     CUNNINGHAM, J.P.        25    TWP 53-RGE 26-W4M   35 (PTN. LSDS.
                                                                                      1,2,3,4,)(WITHIN
                                                                                          RL 1J)
              A008-M003        B     CUNNINGHAM, J.P.        25    TWP 53-RGE 26-W4M   36 (PTN. LSD 4)
                                                                                       (WITHIN RL 1J)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS

              A008-M004        A     ANTHIEREN, L.           50    TWP 53-RGE 26-W4M   35(LSD 9,10
                                                                                      11,12,13,14
                                                                                      15,16)(RL 4
                                                                                      5,6)

              A008-M004        A     ANTHIEREN, L.           50    TWP 54-RGE 26-W4M   3 (Lsds 1,2)
                                                                                      (within RL 6)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS
              A008-M004        B     ANTHIEREN, L.           50    TWP 53-RGE 26-W4M  34 (LSDS 9,16)
                                                                                      (PTN. RL4,5&6)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET excluding NG from
                                                                                                    TOP of BLAIRMORE GROUP to BASE
                                                                                                    of BLAIRMORE GROUP
              A008-M004        C     ANTHIEREN, L.      45.20703   TWP 54-RGE 26-W4M   2(PTN.LSDS
                                                                                       2,3)(WITHIN
                                                                                       RL5)
              A008-M004        C     ANTHIEREN, L.      45.20703   TWP 54-RGE 26-W4M   2 (PTN.LSDS.
                                                                                       2,3,4,5,6,7)
                                                                                      (WITHIN RL 6) PNG from SURFACE to BASE of
                                                                                                    LOWER CRET excluding NG from
                                                                                                    SURFACE to BASE of BASAL QUARTZ
                                                                                                    SHALLOW RIGHTS: RL 5 & 6
                                                                                                    (Note Enerplus holds interest
                                                                                                    in NG to Base BQ)
              A008-M004        D     ANTHIEREN, L.      45.20703   TWP 54-RGE 26-W4M   2 (PTN.LSDS
                                                                                       2,3)(WITHIN
                                                                                       RL5)
              A008-M004        D     ANTHIEREN, L.      45.20703   TWP 54-RGE 26-W4M   2 (PTN.LSDS.
                                                                                        2,3,4,5,6,7)
                                                                                       (WITHIN RL 6)
                                                                                                    NG from SURFACE to BASE of
                                                                                                    BASAL QUARTZ SHALLOW RIGHTS:
                                                                                                    RL 5,6
              A008-M004       E     ANTHIEREN, L.        53.1       TWP 53-RGE 26-W4M   NE 34 (LSDS.
                                                                                        9,16)(PTN.
                                                                                        RL 4,5,6)
                                                                                                    NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE SHALLOW
                                                                                                    RIGHTS: RL "C"

              A008-M005       A     ANTHIEREN, L.        25         TWP 54-RGE 26-W4M   2(Lsds
                                                                                        1,2,7)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS:

</TABLE>
                                                 Revision dated: August 1, 2000
4


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M006        A     SISTERS OF CHARITY   50         TWP 54-RGE 25-W4M  4(PTN.LSDS
AB, CONT'D                                                                             5,12)(RL 24)
              A008-M006        A     SISTERS OF CHARITY   50         TWP 54-RGE 26-W4M  4(PTN.LSDS.
                                                                                         5,12,13)
                                                                                         (RL 25)
              A008-M006        A     SISTERS OF CHARITY   50         TWP 54-RGE 25-W4M   4(PTN.LSDS.
                                                                                       5,11,12,13)
                                                                                         (RL 26)
              A008-M006        A     SISTERS OF CHARITY   50         TWP 54-RGE 25-W4M   4(PTN.LSDS.
                                                                                      11,12,13,14,15)
                                                                                          (RL 27)
              A008-M006        A     SISTERS OF CHARITY   50         TWP 54-RGE 25-W4M    5(PTN.LSDS.
                                                                                        4,5,6,13,14)
                                                                                           (RL 18)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M  5(PTN.LSDS 1,
                                                                                        7,8,9,10,15
                                                                                         16)(RL 22)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M  5(PTN.LSDS 9
                                                                                          10,15,16)
                                                                                            (RL 24)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   5(PTN.LSD16)
                                                                                           (RL 25)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   6(PTN.LSDS
                                                                                            8,9,16)
                                                                                            (RL 26)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   8(PTN.LSDS
                                                                                          2,3,6,7)
                                                                                          (RL 22A)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   8(PTN.LSDS
                                                                                         1,7,8,9,10,
                                                                                            15,16)
                                                                                           (RL 24A)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   8(PTN.LSDS
                                                                                          1,8,9,16)
                                                                                           (RL 25A)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   8(PTN LSDS
                                                                                          1,8,9,16)
                                                                                            (RL26A)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   9(PTN LSDS
                                                                                          2,3,5,6,7)
                                                                                            (RL 27)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   9(PTN LSDS.
                                                                                         11,12,13,14)
                                                                                            (RL 27)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   9(PTN LSDS.
                                                                                           4,5,12)
                                                                                           (RL 26A)
              A008-M006        A     SISTERS OF CHARITY   50          TWP 54-RGE 25-W4M   9(PTN LSD 4)
                                                                                           (RL 25A)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS

              A008-M006        B     SISTERS OF CHARITY   50          TWP 54-RGE 26-W4M   1(PTN. LSDS
                                                                                        5,9,10,11,12)
                                                                                        (EXC RL7&14)
              A008-M006        B     SISTERS OF CHARITY   50          TWP 54-RGE 26-W4M  1(PTN.LSDS
                                                                                         13,14,15)
                                                                                       (EXC RL 7&14)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS

              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 26-W4M   1(LSD. 5)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 26-W4M   1(9,10,11,
                                                                                          12,13,14,
                                                                                           15,16)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 26-W4M   E 2(LSDS.
                                                                                           7,8)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 26-W4M   2(LSDS.9,
                                                                                          10,15,16)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   4(PTN.LSDS
                                                                                          5,12)(RL 24)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 26-W4M   4(PTN.LSDS.
                                                                                            5,12,13)
                                                                                            (RL 25)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   4(PTN.LSDS.
                                                                                          5,11,12,13)
                                                                                           (RL 26)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   4(PTN.LSDS.
                                                                                          11,12,13,14,
                                                                                          15)(RL 27)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   5(PTN.LSDS.
                                                                                          4,5,6,13,14)
                                                                                          (RL 18)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   5(PTN.LSDS
                                                                                          1,7,8,9,10
                                                                                          15,16)(RL 22)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   5(PTN.LSDS
                                                                                          9,10,15,16)
                                                                                          (RL 24)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   5(PTN. LSD
                                                                                          16)(RL 25)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   6(PTN. LSDS
                                                                                          8,9,16)(RL 26)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   8(PTN. LSDS
                                                                                           2,3,6,7)
                                                                                           (RL 22A)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   8(PTN. LSDS
                                                                                          1,7,8,9,10
                                                                                            15,16)
                                                                                           (RL 24A)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   8(PTN. LSDS
                                                                                          1,8,9,16)
                                                                                          (RL 25A)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   8(PTN LSDS
                                                                                          1,8,9,16)
                                                                                           (RL26A)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   9(PTN LSDS
                                                                                          2,3,5,6,7)
                                                                                            (RL 27)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   9(PTN LSDS.
                                                                                          11,12,13,14)
                                                                                          (RL 27)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   9(PTN LSDS.
                                                                                          4,5,12)
                                                                                          (RL 26A)
              A008-M006        C     SISTERS OF CHARITY   25          TWP 54-RGE 25-W4M   9(PTN LSD 4)
                                                                                          (RL 25A)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS
              A008-M006        D     SISTERS OF CHARITY   50          TWP 54-RGE 26-W4M   2(LSD. 7,
                                                                                        8,9.10,15,16)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET excluding NG from
                                                                                                    SURFACE to BASE of BASAL QUARTZ
                                                                                                    SHALLOW RIGHTS:
              A008-M006        E     SISTERS OF CHARITY   45.20703    TWP 54-RGE 26-W4M   2(LSDS 7,
                                                                                         8,9,10,15,16)
                                                                                                    NG from SURFACE to BASE of
                                                                                                    BASAL QUARTZ SHALLOW RIGHTS:
              A008-M006        F     SISTERS OF CHARITY   25          TWP 54-RGE 26-W4M   2(LSDS 7,8)
              A008-M006        F     SISTERS OF CHARITY   25          TWP 54-RGE 26-W4M   2(LSDS 9
                                                                                          10,15,16)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS
              A008-M006        G     SISTERS OF CHARITY   50          TWP 53-RGE 25-W4M   32(LSDS 5,
                                                                                        6,11,12,13,
                                                                                           14,16)
                                                                                          (RL 18,22)
                                                                                                    NG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS:
</TABLE>
                                                 Revision dated: August 1, 2000
5


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M006        J     SISTERS OF CHARITY   25          TWP 53-RGE 25-W4M   32 (PTN.
AB Cont'd                                                                                 LSDS 5,6,
                                                                                          11,12,13,
                                                                                          14,16)
                                                                                                    NG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS:
              A008-M006        K      SISTERS OF CHARITY   50          TWP 54-RGE 26-W4M   12(PTN.
                                                                                          LSDS. 4,5,6)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER MANNVILLE SHALLOW RIGHTS
                                                                                                    - EXCLUDING NG IN VIKING &
                                                                                                    OSTRACOD

              A008-M007        A      HENRY, ALFRED        50          TWP 54-RGE 26-W4M   1 (LSDS
                                                                                          1,8,9,)
                                                                                      (WITHIN RL 14)
              A008-M007        A      HENRY, ALFRED        50          TWP 54-RGE 26-W4M   1 (LSD.9)
                                                                                      (WITHIN RL 15)
                                                                                                    PNG from SURFACE to BASE of


                                                                                                    LOWER CRET SHALLOW RIGHTS:
                                                                                                    (RL 14,15)

              A008-M007        B      HENRY, ALFRED        50          TWP 53-RGE 26-W4M   36(Lsd 16)
                                                                                       (within RL 14)
              A008-M007        B      HENRY, ALFRED        50          TWP 53-RGE 26-W4M   36(Lsd 9)
                                                                                       (within RL 14)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS:
                                                                                                    (RL 14,15)
              A008-M007        C      HENRY, ALFRED        25          TWP 54-RGE 26-W4M   1 (LSDS
                                                                                          1,8,9)
                                                                                     (WITHIN RL 14)
              A008-M007        C      HENRY, ALFRED        25          TWP 53-RGE 26-W4M   1(LSDS 9)
                                                                                     (WITHIN RL 15)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS
                                                                                                    (RL 14, 15)
              A008-M007        D      HENRY, ALFRED        25          TWP 53-RGE 26-W4M  36(LSD9,16)
                                                                                      (WITHIN RL 14)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS:  (RL 14)

              A008-M008        A      OLSEN, CLARICE V.    50          TWP 54-RGE 26-W4M  1(PTN.LSD9)
                                                                                      (WITHIN RL 15)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS:
------------------------------------------------------
              A008-M008        B      OLSEN, CLARICE V.    25          TWP 54-RGE 26-W4M  1(PTN.LSD.9)
                                                                                       (WITHIN RL 15)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS:

              A008-M010        A      CUNNINGHAM, J.P.     50          TWP 53-RGE 26-W4M  35(PTN.LSD1)
              A008-M010        A      CUNNINGHAM, J.P.     50          TWP 53-RGE 26-W4M  36(Ptn.Lsd4)
                                                                                       (within RL 1J)
              A008-M010        A      CUNNINGHAM, J.P.     50          TWP 53-RGE 26-W4M  25(PTN.LSD13)
                                                                                         (PTN  RL 1J)
              A008-M010        A      CUNNINGHAM, J.P.     50          TWP 53-RGE 26-W4M    NE 26
                                                                                        (PTN. LSD 16)
                                                                                         (PTN RL 1J)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS
              A008-M010        B      CUNNINGHAM, J.P.     25          TWP 53-RGE 26-W4M  25(Ptn Lsd13)
                                                                                       (within RL 1J)
              A008-M010        B      CUNNINGHAM, J.P.     25          TWP 53-RGE 26-W4M  35(PTN LSDS 1)
                                                                                       (WITHIN RL 1J)
              A008-M010        B      CUNNINGHAM, J.P.     25          TWP 53-RGE 26-W4M  36(Ptn.Lsd4)
                                                                                       (within RL 1J)
              A008-M010        B      CUNNINGHAM, J.P.     25          TWP 53-RGE 26-W4M  NE 26 (PTN
                                                                                          LSDS. 16)
                                                                                       (WITHIN RL 1J)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS

              A008-M011        A      CUNNINGHAM, F.       50          TWP 53-RGE 26-W4M  26(Ptn.Lsds
                                                                                         14,15,16)
                                                                                       (within RL 1J)
              A008-M011        A      CUNNINGHAM, F.       50          TWP 53-RGE 26-W4M  35(Ptn Lsds
                                                                                         1,2,3,4)
                                                                                       (within RL 1J)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS:
                                                                                                    (Ptn. RL 1J)
              A008-M011        B       CUNNINGHAM, F.       25          TWP 53-RGE 26-W4M  26(Ptn.Lsds
                                                                                         14,15,16)
                                                                                       (within RL 1J)
              A008-M011        B       CUNNINGHAM, F.       25          TWP 53-RGE 26-W4M  35(Ptn Lsds
                                                                                           1,2,3,4)
                                                                                       (within RL 1J)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS:
                                                                                                    (Ptn RL 1J)
</TABLE>
                                                 Revision dated: August 1, 2000
6


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,
AB Cont'd     A008-M012        A       CUNNINGHAM, F.       50          TWP 53-RGE 26-W4M  25(LSDS
                                                                                      11,12,13,14)
                                                                                     (WITHIN RL 1L)
              A008-M012        A       CUNNINGHAM, F.       50          TWP 53-RGE 26-W4M  26(Lsds
                                                                                        9,10,11)
                                                                                     (within RL 1L)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS:
                                                                                                    RL 1L (1/2 int.)

              A008-M012        B       CUNNINGHAM, F.       25          TWP 53-RGE 26-W4M   25(LSDS
                                                                                       11,12,13,14)
                                                                                      (WITHIN RL 1L)
              A008-M012        B       CUNNINGHAM, F.       25          TWP 53-RGE 26-W4M   26(Lsds
                                                                                        9,10,11)
                                                                                      (within RL 1L)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    DEEP RIGHTS as to 1/2 leasehold
                                                                                                    int.

              A008-M013        A       CUNNINGHAM, N.       50          TWP 53-RGE 26-W4M   25(Lsds
                                                                                        11,12,13)
                                                                                      (within RL 1L)
              A008-M013        A       CUNNINGHAM, N.       50          TWP 53-RGE 26-W4M   26(Lsds
                                                                                         9,10,11)
                                                                                      (within RL 1L)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET SHALLOW RIGHTS - as
                                                                                                    to a 1/2 leasehold int.

              A008-M013        B       CUNNINGHAM, N.       25          TWP 53-RGE 26-W4M   25(Lsds
                                                                                        11,12,13)
                                                                                      (within RL 1L)
              A008-M013        B       CUNNINGHAM, N.       25          TWP 53-RGE 26-W4M   26(Lsds
                                                                                         9,10,11)
                                                                                      (within RL 1L)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS - as to a 1/2
                                                                                                    leasehold int.

              A008-M014        A       ESDALE, F.S.         50          TWP 53-RGE 26-W4M   26(Ptn
                                                                                         Lsd 13)
                                                                                      (within RL B)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS
              A008-M014        B       ESDALE, F.S.         25          TWP 53-RGE 26-W4M   26(Ptn
                                                                                         Lsd 13)
                                                                                      (within RL B)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS

              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SE 35
                                                                                        (LSD.1,2)
                                                                                         (RL A)
              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SE 35
                                                                                        (LSDS.1
                                                                                         ,2,7,8)
                                                                                          (RL 2)
              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SW 35
                                                                                        (LSDS.3,
                                                                                         4,5,6)
                                                                                         (RL 2)
              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NW 35
                                                                                        (LSDS.11,
                                                                                        12)(RL 2)
              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SW 35
                                                                                        (LSD.6)
                                                                                         (RL 3)
              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SE 35
                                                                                        (LSDS.7,
                                                                                        8)(RL 3)
              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   N 35
                                                                                        (LSDS.9,
                                                                                        10,11,12)
                                                                                         (RL 3)
              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NE 35
                                                                                        (LSD.9)
                                                                                        (RL 10)
              A008-M015        A       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SE 35
                                                                                        (LSDS.8,
                                                                                        9)(RL 11)
                                                                                                   PNG from SURFACE to BASE of
                                                                                                   LOWER CRET SHALLOW RIGHTS:
                                                                                                   RL's A,2,3,10,11
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SE 35
                                                                                        (LSD.1,2)


                                                                                         (RL A)
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SE 35
                                                                                        (LSDS.1,
                                                                                         2,7,8)
                                                                                         (RL 2)
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SW 35
                                                                                        (LSDS.3,
                                                                                          4,5,6)
                                                                                         (RL 2)
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   NW 35
                                                                                         (LSDS.11,
                                                                                         12)(RL 2)
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SW 3
                                                                                         (LSD.6)
                                                                                         (RL 3)
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SE 35
                                                                                        (LSDS.7,
                                                                                         8)(RL 3)
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   N 35
                                                                                        (LSDS.9,
                                                                                        10,11,12)
                                                                                         (RL 3)
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   NE 35
                                                                                        (LSD.9)
                                                                                        (RL 10)
              A008-M015        B       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SE 35
                                                                                        (LSDS.8,
                                                                                         9)(RL 11)
                                                                                                   PNG from BASE of LOWER CRET to
                                                                                                   BASEMENT DEEP RIGHTS:
                                                                                                   RL's 1,2,3,10,11
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SW 36
                                                                                         (LSD.4)
                                                                                        (RIVER LOT 2)
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NW 36
                                                                                        (LSDS.11,12)
                                                                                       (RIVER LOT 10)
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NW 36
                                                                                       (LSDS.11,12)
                                                                                       (RIVER LOT 11)
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SW 36
                                                                                        (LSD.5,6)
                                                                                       (RIVER LOT 11)
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SE 36
                                                                                        (LSD.2,7)
                                                                                       (RIVER LOT 12)
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SW 36
                                                                                        (LSDS.3,6)
                                                                                       (RIVER LOT 12)
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NW 36
                                                                                       (LSDS.11,14)
                                                                                       (RIVER LOT 12)
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NE 36
                                                                                       (LSDS.10,15)
                                                                                       (RIVER LOT 12)
              A008-M015        C       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   SW 36
                                                                                       (LSDS.3,4,
                                                                                       5,6)(RIVER
                                                                                          LOT A)
                                                                                                     PNG from SURFACE to BASE of
                                                                                                     LOWER CRET
                                                                                                     SHALLOW RIGHTS

</TABLE>
                                                 Revision dated: August 1, 2000
7


<PAGE>

<TABLE>

<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M015        D       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SW 36
AB Cont'd                                                                               (LSD.4)
                                                                                       (RIVER LOT 2)
              A008-M015        D       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   NW 36
                                                                                       (LSDS.11,12)
                                                                                       (RIVER LOT 10)
              A008-M015        D       BRUNELLE,GA          25         TWP 53-RGE 26-W4M   NW 36
                                                                                        (LSDS.11,12)
                                                                                       (RIVER LOT 11)
              A008-M015        D       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SW 36
                                                                                       (LSD.5,6)
                                                                                       (RIVER LOT 11)
              A008-M015        D       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SE 36
                                                                                        (LSD.2,7)
                                                                                       (RIVER LOT 12)
              A008-M015        D       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SW 36
                                                                                        (LSDS.3,6)
                                                                                       (RIVER LOT 12)
              A008-M015        D       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   NW 36
                                                                                       (LSDS.11,14)
                                                                                       (RIVER LOT 12)
              A008-M015        D       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   NE 36
                                                                                       (LSDS.10,15)
                                                                                       (RIVER LOT 12)
              A008-M015        D       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   SW 36
                                                                                       (LSDS.3,4,
                                                                                         5,6)(RIVER
                                                                                           LOT A)
                                                                                                   PNG from BASE of LOWER CRET to
                                                                                                   BASEMENT DEEP RIGHTS
              A008-M015        E       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NW 26
                                                                                        (LSD.16 PTN.)
              A008-M015        E       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NW 25
                                                                                       (LSDS.11,
                                                                                        12,13,14)
                                                                                       (RIVER LOT A)
              A008-M015        E       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NW 25
                                                                                        (LSDS.11,
                                                                                         14)(RIVER
                                                                                          LOT 12)
              A008-M015        E       BRUNELLE,GA          50          TWP 53-RGE 26-W4M   NE 25
                                                                                        (LSD.15)
                                                                                       (RIVER LOT 12)
                                                                                                   PNG from SURFACE to BASE of
                                                                                                   LOWER CRET SHALLOW RIGHTS
------------------------------------------------------
              A008-M015        F       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   NW 25
                                                                                       (LSDS. 11
                                                                                        12,13,14)

                                                                                      (RIVER LOT A)
              A008-M015        F       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   NW 25
                                                                                      (LSDS.11,14)
                                                                                      (RIVER LOT 12)
              A008-M015        F       BRUNELLE,GA          25          TWP 53-RGE 26-W4M   NE 25
                                                                                        (LSD. 15)
                                                                                      (RIVER LOT 12)
                                                                                                   PNG from BASE of LOWER CRET to
                                                                                                   BASEMENT DEEP RIGHTS

              A008-M016        A       17459                50          TWP 53-RGE 26-W4M   25(Lsds
                                                                                       9,10,11,14,,
                                                                                         15,16)(RL
                                                                                        12A & 13A)
                                                                                                   PNG from SURFACE to BASE of
                                                                                                   LOWER CRET SHALLOW RIGHTS: (Ptn.
                                                                                                   RL 12A & 13A)
              A008-M016        B       17459                25          TWP 53-RGE 26-W4M   25(Lsds
                                                                                        9,10,15,16)
                                                                                       (RL's 12A&13A)
                                                                                                   PNG from BASE of LOWER CRET to
                                                                                                   BASE of WABAMUN
                                                                                                   DEEP RIGHTS: Ptn. RL 12A & 13A
              A008-M016        C       17459                25          TWP 53-RGE 26-W4M   25(Lsds
                                                                                           11,14)
                                                                                          (RL 12A)
                                                                                                   PNG from BASE of LOWER CRET to
                                                                                                   BASE of NISKU DEEP RIGHTS:
                                                                                                   Ptn. RL 12A & 13A

              A008-M017        A       17460                50          TWP 53-RGE 26-W4M   SW 34
                                                                                        (E/2W/2 &
                                                                                         E/2 34)
                                                                                                   PNG from SURFACE to BASE of
                                                                                                   MANNVILLE excluding NG from
                                                                                                   TOP of BLAIRMORE to BASE of
                                                                                                   BLAIRMORE
                                                                                                   SHALLOW RIGHTS: Ptn. RL "D"
              A008-M017        B       17460                53.1        TWP 53-RGE 26-W4M   SW 34
                                                                                        (E/2W/2
                                                                                       & E/2 34)
                                                                                                   NG from TOP of BLAIRMORE to BASE
                                                                                                   of BLAIRMORE
                                                                                                   SHALLOW RIGHTS: Ptn. RL "D"

              A008-M018        A       CHRISTENSEN, C.E.    50          TWP 54-RGE 26-W4M   1(LSDS.
                                                                                           4,5,6,7,8
                                                                                           9,10,11,12)
                                                                                            (RL 7)
                                                                                                   PNG from SURFACE to BASE of
                                                                                                   LOWER CRET
                                                                                                   SHALLOW RIGHTS: RL 7
              A008-M018        C       CHRISTENSEN, C.E.    25          TWP 54-RGE 26-W4M   2(LSDS.
                                                                                           1,2,7,8)
                                                                                           (RL 7)
              A008-M018        C       CHRISTENSEN, C.E.    25          TWP 54-RGE 26-W4M   SW 1
                                                                                          (LSDS.4,
                                                                                            5, 6)
              A008-M018        C       CHRISTENSEN, C.E.    25          TWP 54-RGE 26-W4M   SE 1


                                                                                           (LSDS.
                                                                                             7,8)
              A008-M018        C       CHRISTENSEN, C.E.    25          TWP 54-RGE 26-W4M   NE 1
                                                                                          (LSDS.9,10)
              A008-M018        C       CHRISTENSEN, C.E.    25          TWP 54-RGE 26-W4M   NW 1
                                                                                          (LSDS 11,12)
                                                                                                   PNG from BASE of LOWER CRET to
                                                                                                   BASE of IRETON
                                                                                                   DEEP RIGHTS: Ptn. RL 7

</TABLE>
                                                 Revision dated: August 1, 2000
8


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M019        A       MCDONALD, A&R ETAL   50          TWP 54-RGE 26-W4M   S 1 (LSDS1,
AB Cont'd                                                                                2,3,4,5,6,7,8,)
              A008-M019        A       MCDONALD, A&R ETAL   50          TWP 54-RGE 26-W4M   SE 2 (LSDS.1,2)
              A008-M019        A       MCDONALD, A&R ETAL   50          TWP 53-RGE 26-W4M   NE 35
                                                                                        (LSDS 15,16)
              A008-M019        A       MCDONALD, A&R ETAL   50          TWP 53-RGE 26-W4M   NW 36
                                                                                         (LSD. 13)
                                                                                                     PNG from SURFACE to BASE of
                                                                                                     LOWER CRET
                                                                                                     SHALLOW RIGHTS

              A008-M019        B       MCDONALD, A&R ETAL   25          TWP 54-RGE 26-W4M   SW 1
                                                                                        (LSDS 1,2,
                                                                                         7,8)
              A008-M019        B       MCDONALD, A&R ETAL   25          TWP 54-RGE 26-W4M   SE 1
                                                                                        (LSDS. 3
                                                                                         4,5,6)
              A008-M019        B       MCDONALD, A&R ETAL   25          TWP 54-RGE 26-W4M   SE 2
                                                                                        (LSDS.1,2)
              A008-M019        B       MCDONALD, A&R ETAL   25          TWP 53-RGE 26-W4M   NE 35
                                                                                        (LSDS 15,16)
              A008-M019        B       MCDONALD, A&R ETAL   25          TWP 53-RGE 26-W4M   NW 36
                                                                                        (LSD. 13)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASE of BASEMENT
                                                                                                    DEEP RIGHT

              A008-M020        A       106133               50          TWP 53-RGE 26-W4M   25(Lsds
                                                                                          9,10)
                                                                                        (Outside
                                                                                         RL's 12A
                                                                                          & 13A)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS
              A008-M020        B       106133               25          TWP 53-RGE 26-W4M   25(Lsds
                                                                                          9,10)
                                                                                        (Outside
                                                                                         RL's 12A
                                                                                          & 13A)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASE of WABAMUN
                                                                                                    DEEP RIGHTS

              A008-M021        A       106134               50          TWP 53-RGE 26-W4M   26(Lsds 11)

              A008-M022        A       105118               50          TWP 53-RGE 26-W4M   25(Lsds
                                                                                         6,7,8)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS.
              A008-M022        B       105118               25          TWP 53-RGE 26-W4M   25 (LSD.
                                                                                         6)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASE of NISKU
                                                                                                    DEEP RIGHTS
              A008-M022        C       105118               25         TWP 53-RGE 26-W4M   25 (LSS
                                                                                       .7,8)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASE of WABAMUN
                                                                                                    DEEP RIGHTS

              A008-M023        A       109519            45.20703      TWP 54-RGE 26-W4M   2(Lsds 3,4
                                                                                          5,6,7,8)
                                                                                                    NG from SURFACE to BASE of
                                                                                                    BASAL QUARTZ
                                                                                                    SHALLOW RIGHTS:
              A008-M023        B       109519               50         TWP 54-RGE 26-W4M   2(Lsds 3,4
                                                                                          5,6,7,8)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET excluding NG from
                                                                                                    SURFACE to BASE of BASAL QUARTZ
                                                                                                    SHALLOW RIGHTS
              A008-M023        C       109519               25          TWP 54-RGE 26-W4M   2(Lsds 7,8)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS

              A008-M024        A       24661                50          TWP 54-RGE 26-W4M   NW 2
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    MANNVILLE excluding NG from
                                                                                                    TOP of BASAL QUARTZ to BASE of
                                                                                                    BASAL QUARTZ
                                                                                                    SHALLOW RIGHTS:

              A008-M025        A       24659                50          TWP 53-RGE 26-W4M   25(Lsds
                                                                                         1,2,3,4,5)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS:
</TABLE>
                                                 Revision dated: August 1, 2000
9


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M025        B       24659                25          TWP 53-RGE 26-W4M   25 (LSD.
AB Cont'd                                                                               1,2,3,4)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASE of WABAMUN
                                                                                                    DEEP RIGHTS
------------------------------------------------------
              A008-M025        C       24659                25          TWP 53-RGE 26-W4M   25 (LSDS. 5)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASE of NISKU
                                                                                                    DEEP RIGHTS

              A008-M026        A       24660                50          TWP 53-RGE 26-W4M   S 26 (Lsd. 12)

              A008-M027        A      0496030111            50          TWP 53-RGE 26-W4M   N&SW 36
                                                                                         (Lsds 1,2,8)
                                                                                         (RL 12A,13A
                                                                                           & Rdwys)
              A008-M027        B      0496030111            25          TWP 53-RGE 26-W4M   N&SW 36
                                                                                         (Lsds 1,2,8)
                                                                                         (RL 12A,13A
                                                                                           & Rdwys)

              A008-M028        A       MISSEN, I.A ET AL    50          TWP 54-RGE 26-W4M   SW 14
              A008-M028        C       MISSEN, I.A ET AL    25          TWP 54-RGE 26-W4M   SW 14


              A008-M029        A       BOULANGER, MARIE     50          TWP 54-RGE 26-W4M   2(Lsds
                                                                                          5,6,)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET excluding NG from
                                                                                                    SURFACE to BASE of BASAL QUARTZ
                                                                                                    SHALLOW RIGHTS:
              A008-M029        B       BOULANGER, MARIE     25          TWP 54-RGE 26-W4M   2(Lsds5,6,)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS:
              A008-M030        A       0497060462           50          TWP 53-RGE 26-W4M   S 27
              A008-M030        A       0497060462           50          TWP 53-RGE 26-W4M   NW 27
                                                                                        (PORTION)
              A008-M030        A       0497060462           50          TWP 53-RGE 26-W4M   NE 27
                                                                                        (PORTION)
              A008-M030        A       0497060462           50          TWP 53-RGE 26-W4M   NW 28
                                                                                        (INCLRL'S
                                                                                         FA & FB)
              A008-M030        A       0497060462           50          TWP 53-RGE 26-W4M   NE 28
                                                                                        (Outside
                                                                                        RL FB & E)
              A008-M030        A       0497060462           50          TWP 53-RGE 26-W4M   S 28
                                                                                        (Outside
                                                                                         of RL C)
              A008-M030        A       0497060462           50          TWP 53-RGE 26-W4M   SE 29
                                                                                        (Outside
                                                                                        RL's FA&G)
              A008-M030        A       0497060462           50          TWP 53-RGE 26-W4M   SW 29
                                                                                        (Outside
                                                                                         RL's G&H)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS
              A008-M030        B       0497060462           25          TWP 53-RGE 26-W4M   S 27
              A008-M030        B       0497060462           25          TWP 53-RGE 26-W4M   NW 27
                                                                                       (PORTION)
              A008-M030        B       0497060462           25          TWP 53-RGE 26-W4M   NE 27
                                                                                       (PORTION)
              A008-M030        B       0497060462           25          TWP 53-RGE 26-W4M   NW 28
                                                                                        (within
                                                                                        RL's FA
                                                                                         & FB)
              A008-M030        B       0497060462           25          TWP 53-RGE 26-W4M   NE 28
                                                                                       (Outside
                                                                                        RL FB&E)
              A008-M030        B       0497060462           25          TWP 53-RGE 26-W4M   S 28
                                                                                       (Outside
                                                                                        of RL C)
              A008-M030        B       0497060462           25          TWP 53-RGE 26-W4M   SE 29
                                                                                       (Outside
                                                                                        RL's FA
                                                                                        & G)
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS.
              A008-M030        B       0497060462           25          TWP 53-RGE 26-W4M   SW 29
                                                                                       (Outside
                                                                                        RL's G&H)

              A008-M031        A       0497060466           50          TWP 54-RGE 26-W4M   S 11
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
              A008-M031        B       0497060466           25          TWP 54-RGE 26-W4M   S 11
                                                                                                    PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT

              A008-M032        A       106187              46.25        TWP 53-RGE 26-W4M   NW 24
                                                                                                    NG from SURFACE to BASE of
                                                                                                    BELLY RIVER
------------------------------------------------------


              A008-M032        B       106187              12.5         TWP 53-RGE 26-W4M   NW 24   PNG TOP of Ostracod to BASE
                                                                                                    Ostracod
</TABLE>

                                                 Revision dated: August 1, 2000
10

<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M032        C       106187               40       TWP 53-RGE 26-W4M   NW 24      PET from SURFACE to BASE
AB Cont'd                                                                                              BELLY RIVER

              A008-M033        A      0498030748            25       TWP 54-RGE 26-W4M   E 12

              A008-M035        A      0498060185            50          TWP 54-RGE 26-W4M   NW 11
              A008-M035        A      0498060185            50          TWP 54-RGE 26-W4M   11 (Lsds
                                                                                         9,10&15)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    SHALLOW RIGHTS
              A008-M035        B      0498060185            25          TWP 54-RGE 26-W4M   NW 11
                                                                                        (LSD9,10)   PNG BELOW BASE LOWER CRET.
                                                                                                    DEEP RIGHTS
              A008-M035        C      0498060185            25          TWP 54-RGE 26-W4M   11 (LSD 15)
                                                                                                    PNG BELOW BASE LOWER CRET.
                                                                                                    DEEP RIGHTS

              A008-M036        A      0490010477            40          TWP 53-RGE 25-W4M   19(Lsds
                                                                                       12,13,14,15) PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER
              A008-M036        B      0490010477            70          TWP 53-RGE 25-W4M   19(Lsds
                                                                                       12,13,14,15) PNG from BASE of BELLY RIVER
                                                                                                    to BASEMENT
              A008-M036        C      0490010477            70          TWP 53-RGE 25-W4M   19(Lsds
                                                                                       12,13,14,15) NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M037        A       RANGER OIL LIMITED   40          TWP 53-RGE 25-W4M   N 19 Ptn.
              A008-M037        A       RANGER OIL LIMITED   40          TWP 53-RGE 25-W4M   19
                                                                                        (Lsds.10,11)
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER
              A008-M037        B       RANGER OIL LIMITED   70          TWP 53-RGE 25-W4M   N 19 Ptn.
              A008-M037        B       RANGER OIL LIMITED   70          TWP 53-RGE 25-W4M   19
                                                                                        (Lsds.10,
                                                                                           11)
                                                                                                    PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT
              A008-M037        C       RANGER OIL LIMITED   70          TWP 53-RGE 25-W4M   N 19 Ptn.
              A008-M037        C       RANGER OIL LIMITED   70          TWP 53-RGE 25-W4M   19
                                                                                          (Lsds.
                                                                                          10, 11)
                                                                                                    NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M038A       A       SMITH, JOAN E.       40          TWP 53-RGE 25-W4M   SE 19
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER
              A008-M038A       B       SMITH, JOAN E.       70          TWP 53-RGE 25-W4M   SE 19
                                                                                                    PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT
------------------------------------------------------
              A008-M038A       C       SMITH, JOAN E.       70          TWP 53-RGE 25-W4M   SE 19
                                                                                                    NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M038B       A       SMITH, JOAN E.       40          TWP 53-RGE 25-W4M   SW 19
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER
------------------------------------------------------
              A008-M038B       B       SMITH, JOAN E.       70          TWP 53-RGE 25-W4M   SW 19
                                                                                                    PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT
------------------------------------------------------
              A008-M038B       C       SMITH, JOAN E.       70          TWP 53-RGE 25-W4M   SW 19
                                                                                                    NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M039A       A       LEW RESOURCES LTD.   40          TWP 53-RGE 25-W4M   SW 19
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER

</TABLE>
                                                 Revision dated: August 1, 2000
11


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M039A       B       LEW RESOURCES LTD.   70          TWP 53-RGE 25-W4M   SW 19   PNG from BASE of BELLY RIVER to
AB Cont'd                                                                                           BASEMENT

              A008-M039A       C       LEW RESOURCES LTD.   70          TWP 53-RGE 25-W4M   SW 19   NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M039B       A       LEW RESOURCES LTD.   40          TWP 53-RGE 25-W4M   SE 19   PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER

              A008-M039B       B       LEW RESOURCES LTD.   70          TWP 53-RGE 25-W4M   SE 19   PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT

              A008-M039B       C       LEW RESOURCES LTD.   70          TWP 53-RGE 25-W4M   SE 19
                                                                                                    NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M040        A       DANCHUK, EARL        40          TWP 53-RGE 25-W4M   SE 19
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER

              A008-M040        B       DANCHUK, EARL        70          TWP 53-RGE 25-W4M   SE 19
                                                                                                    PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT

              A008-M040        C       DANCHUK, EARL        70          TWP 53-RGE 25-W4M   SE 19
NG from TOP of LOWER MANNVILLE to BASE of LOWER MANNVILLE

              A008-M041        A       DANCHUK, JOHN        40          TWP 53-RGE 25-W4M   SW 19
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER

              A008-M041        B       DANCHUK, JOHN        70          TWP 53-RGE 25-W4M   SW 19
                                                                                                    PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT

              A008-M041        C       DANCHUK, JOHN        70          TWP 53-RGE 25-W4M   SW 19
                                                                                                    NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M042        A      0489080315            40          TWP 53-RGE 25-W4M   20      PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER

              A008-M042        B      0489080315            70          TWP 53-RGE 25-W4M   20      PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT

              A008-M042        C      0489080315            70          TWP 53-RGE 25-W4M   20      NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M043        A      0489080316            40          TWP 53-RGE 25-W4M   30      PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER

              A008-M043        B      0489080316            70          TWP 53-RGE 25-W4M   30      PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT

              A008-M043        C      0489080316            70          TWP 53-RGE 25-W4M   30      NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M044        A      0490010119            40          TWP 53-RGE 25-W4M   S&NW 29
                                                                                                    PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER

</TABLE>
                                                 Revision dated: August 1, 2000
12


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M044        C      0490010119            70          TWP 53-RGE 25-W4M   S&NW 29
AB Cont'd                                                                                           NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M045        A       MONTREAL TRUST       40          TWP 53-RGE 25-W4M   NE 29   PNG from SURFACE to BASE of
                                                                                                    BELLY RIVER

              A008-M045        B       MONTREAL TRUST       70          TWP 53-RGE 25-W4M   NE 29   PNG from BASE of BELLY RIVER to
                                                                                                    BASEMENT

              A008-M045        C       MONTREAL TRUST       70          TWP 53-RGE 25-W4M   NE 29   NG from TOP of LOWER MANNVILLE
                                                                                                    to BASE of LOWER MANNVILLE

              A008-M046        A      0488010392           46.25        TWP 53-RGE 26-W4M   S&NE 24 NG from SURFACE to BASE of
                                                                                                    BELLY RIVER

              A008-M046        B      0488010392            40          TWP 53-RGE 26-W4M   S&NE 24 PET from SURFACE to BASE of
                                                                                                    BELLY RIVER

              A008-M047        A      DELISLE, G. ET AL    53.1         TWP 53-RGE 26-W4M   NW 34   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE SHALLOW
                                                                                                    RIGHTS

              A008-M047        B       DELISLE, G. ET AL    25          TWP 53-RGE 26-W4M   NW 34   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT DEEP RIGHTS

              A008-M047        C       DELISLE, G. ET AL    50          TWP 53-RGE 26-W4M   NW 34   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M048        A       CHEROT, ROBERT      53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                            (RL C)  NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE SHALLOW
                                                                                                    RIGHTS RL "C"
                                                                                                    TS: River Lot "C"-Pooled Lands

              A008-M048        B       CHEROT, ROBERT       25          TWP 53-RGE 26-W4M   SE 34
                                                                                            (RL C)
              A008-M048        B       CHEROT, ROBERT       25          TWP 53-RGE 26-W4M   NE 27
                                                                                            (RL C)  PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS:  RL C

              A008-M048        C       CHEROT, ROBERT       50          TWP 53-RGE 26-W4M   NE 27
                                                                                            (RL C)
              A008-M048        C       CHEROT, ROBERT       50          TWP 53-RGE 26-W4M   SE 34
                                                                                            (RL C)  PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M049        A       CHEROT, EMILE       53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                            (RL C)  NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS RL "C"
</TABLE>
                                                 Revision dated: August 1, 2000
13


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M049        B       CHEROT, EMILE        25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
AB Cont'd     A008-M049        B       CHEROT, EMILE        25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL 'C

              A008-M049        C       CHEROT, EMILE        50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M049        C       CHEROT, EMILE        50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M050        A       CHEROT, LEON        53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS RL "C"

              A008-M050        B       CHEROT, LEON         25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M050        B       CHEROT, LEON         25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL 'C

              A008-M050        C       CHEROT, LEON         50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M050        C       CHEROT, LEON         50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

</TABLE>
                                                 Revision dated: August 1, 2000
14


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,
AB Cont'd     A008-M051        A       CHEROT, ALBERT      53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS RL "C"

              A008-M051        B       CHEROT, ALBERT       25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M051        B       CHEROT, ALBERT       25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL 'C

              A008-M051        C       CHEROT, ALBERT       50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M051        C       CHEROT, ALBERT       50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M052        A       CHEROT, JACK        53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS RL "C"

              A008-M052        B       CHEROT, JACK         25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M052        B       CHEROT, JACK         25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL 'C

              A008-M052        C       CHEROT, JACK         50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M052        C       CHEROT, JACK         50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

</TABLE>
                                                 Revision dated: August 1, 2000
15

<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)

                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M053        A       EATON, LINDA       53.1          TWP 53-RGE 26-W4M   SE 34
AB Cont'd                                                                                  (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS RL "C"

              A008-M053        B       EATON, LINDA         25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M053        B       EATON, LINDA         25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL 'C

              A008-M053        C       EATON, LINDA         50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M053        C       EATON, LINDA         50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M054        A       SHARP, MARIE        53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS RL "C"

              A008-M054        B       SHARP, MARIE         25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M054        B       SHARP, MARIE         25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL 'C

              A008-M054        C       SHARP, MARIE         50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M054        C       SHARP, MARIE         50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M055        A       VANIN, NORA         53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS: RL "C"
                                                                                                    TS: River Lot "C"- Pooled Lands

              A008-M055        B       VANIN, NORA          25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M055        B       VANIN, NORA          25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL "C

              A008-M055        C       VANIN, NORA          50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M055        C       VANIN, NORA          50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M056        A       YEUDALL, PATRICIA   53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS" RL C

              A008-M056        B       YEUDALL, PATRICIA    25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M056        B       YEUDALL, PATRICIA    25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL "C"

              A008-M056        C       YEUDALL, PATRICIA    50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M056        C       YEUDALL, PATRICIA    50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M057        A       YEUDALL, JUDITH     53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS: River Lot "C"
                                                                                                    Pooled Lands

              A008-M057        B       YEUDALL, JUDITH      25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M057        B       YEUDALL, JUDITH      25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL "c"

              A008-M057        C       YEUDALL, JUDITH      50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M057        C       YEUDALL, JUDITH      50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M058        A       YEUDALL, LORNE      53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS: River Lot "C"
                                                                                                    Pooled Lands

              A008-M058        B       YEUDALL, LORNE       25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
              A008-M058        B         YEUDALL, LORNE       25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   DEEP RIGHTS: RL "c"

              A008-M058        C       YEUDALL, LORNE       50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M058        C       YEUDALL, LORNE       50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M059        A       MORIN, LORRAINE     53.1         TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE Pooled Lands

              A008-M059        B       MORIN, LORRAINE      25          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)
              A008-M059        B       MORIN, LORRAINE      25          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS: RL 'c'

              A008-M059        C       MORIN, LORRAINE      50          TWP 53-RGE 26-W4M   NE 27
                                                                                           (RL C)
              A008-M059        C       MORIN, LORRAINE      50          TWP 53-RGE 26-W4M   SE 34
                                                                                           (RL C)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Exclude Natural Gas RIGHTS IN
                                                                                                    SECTION 34 BLAIRMORE ZONE

              A008-M060        A       ANTHIEREN, L. ETAL   50          TWP 53-RGE 26-W4M   NE 34
                                                                                          (S/2 Lsd
                                                                                           9, 10)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET excluding NG from
                                                                                                    TOP of BLAIRMORE to BASE of
                                                                                                    BLAIRMORE

              A008-M060        B       ANTHIEREN, L. ETAL   25          TWP 53-RGE 26-W4M   NE 34
                                                                                          (S/2 Lsd
                                                                                           9, 10)   PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT
                                                                                                    DEEP RIGHTS

              A008-M060        C       ANTHIEREN, L. ETAL   53.1        TWP 53-RGE 26-W4M   NE 34
                                                                                         (LSD 9,10) NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGHTS:
</TABLE>
                                                 Revision dated: August 1, 2000
16


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)
                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M061        A       VERSTRAETE, LYLE V   100         TWP 53-RGE 26-W4M   E NE 27
AB Cont'd                                                                             (within RL E)
              A008-M061        A       VERSTRAETE, LYLE V   100         TWP 53-RGE 26-W4M   NW 28
                                                                                      (within RL E)
              A008-M061        A       VERSTRAETE, LYLE V   100         TWP 53-RGE 26-W4M   SE 33
                                                                                      (within RL E) PNG from SURFACE to BASEMENT

              A008-M061        B       VERSTRAETE, LYLE V   100         TWP 53-RGE 26-W4M   ESW 34
                                                                                      (within RL E) PNG from SURFACE to BASEMENT
                                                                                                    excluding NG from TOP of
                                                                                                    BLAIRMORE to BASE of BLAIRMORE

              A008-M061        C       VERSTRAETE, LYLE V   41.8        TWP 53-RGE 26-W4M  34 (4,5)
                                                                                      (WITHIN RL E) NG from TOP of BLAIRMORE to
                                                                                                    BASE of BLAIRMORE
                                                                                                    SHALLOW RIGH
                                                                                                    TS: Pooled Lands.

              A008-M062        A       CLENDENAN, EDWIN A   100         TWP 53-RGE 26-W4M   21      PNG from SURFACE to BASEMENT

              A008-M063        A       THIESSEN, CAROL I.   100         TWP 53-RGE 26-W4M   21

              A008-M064        A      0498110198            50          TWP 53-RGE 26-W4M   NW 25
                                                                                          (PTN)
                                                                                          (ROAD
                                                                                         ALLOWANCE) PNG from SURFACE to BASE of
                                                                                                    LOWER CRET
                                                                                                    Shallow Rights: Road Allowance

              A008-M064        B      0498110198            25          TWP 53-RGE 26-W4M   NW 25 PTN.
                                                                                            (ROAD
                                                                                          ALLOWANCE) PNG from BASE of LOWER CRET to
                                                                                                     BASEMENT
                                                                                                     DEEP RIGHTS: Road Allowance

              A008-M065        A      0498110199            50          TWP 53-RGE 26-W4M   34 (LSD
                                                                                         9,15,16)
                                                                                        (INCL.RD.
                                                                                           ALLOW)    PNG from SURFACE to BASE of
                                                                                                     LOWER CRET excluding NG from
                                                                                                     TOP of BLAIRMORE to BASE of
                                                                                                     BLAIRMORE HALLOW RIGHTS

              A008-M065        B      0498110199            25          TWP 53-RGE 26-W4M   34(LSDS
                                                                                         9,15,16)
                                                                                       (INCL.RD ALL) PNG from BASE of LOWER CRET to
                                                                                                     BASEMENT
                                                                                                     DEEP RIGHTS

              A008-M065        C      0498110199           53.1         TWP 53-RGE 26-W4M   34 (LSDS
                                                                                          9,15,16)
                                                                                          (INCL.RD.
                                                                                            ALLOW)   NG from TOP of BLAIRMORE to
                                                                                                     BASE of BLAIRMORE
                                                                                                     SHALLOW RIGH
                                                                                                     TS - Pooled Lands

              A008-M066        A      0498110200            50          TWP 54-RGE 26-W4M   W&NE 1
                                                                                           (Road
                                                                                        Allowance)   PNG from SURFACE to BASE of
                                                                                                     LOWER CRET
                                                                                                     SHALLOW RIGHTS

              A008-M066        B      0498110200            25          TWP 54-RGE 26-W4M   W&NE 1
                                                                                         (Road
                                                                                       Allowance)    PNG from BASE of LOWER CRET to
                                                                                                     BASEMENT
                                                                                                     DEEP RIGHTS

              A008-M067        A      0498110197            50          TWP 54-RGE 25-W4M   SW 6
                                                                                         (Road
                                                                                       Allowance)   PNG from SURFACE to BASE of
                                                                                                    LOWER CRET: SHALLOW RIGHTS

              A008-M067        B      0498110197            25          TWP 54-RGE 25-W4M   SW 6
                                                                                         (Road
                                                                                        Allowance)   PNG from BASE of LOWER CRET to
                                                                                                     BASEMENT: DEEP RIGHTS

              A008-M068        A      0497070511            50          TWP 54-RGE 26-W4M   SE 1 (PTN)
                                                                                                     PNG from SURFACE to BASE of
                                                                                                     LOWER CRET: SHALLOW RIGHTS

              A008-M069        A      0487010283            50          TWP 54-RGE 26-W4M   11(Lsd.16)
                                                                                                     PNG from SURFACE to BASE of
                                                                                                     LOWER CRET: SHALLOW RIGHTS

              A008-M069        B      0487010283            25          TWP 54-RGE 26-W4M   11(Lsd.16)
                                                                                                     PNG from BASE of LOWER CRET to
                                                                                                     BASEMENT: DEEP RIGHTS

              A008-M070        A      0499110396            50          TWP 53-RGE 25-W4M   SE3
                                                                                        (51.26 HA)
              A008-M070        A      0499110396            50          TWP 53-RGE 25-W4M   SW31
              A008-M070        A      0499110396            50          TWP 53-RGE 25-W4M   NW31
                                                                                        (22.84 HA)
              A008-M070        A      0499110396            50          TWP 53-RGE 25-W4M   NE31
                                                                                        (17.87 HA)   PNG from SURFACE to BASE of
                                                                                                     MANNVILLE GROUP

</TABLE>
                                                 Revision dated: August 1, 2000
17


<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)
                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ST. ALBERT,   A008-M071        A      499110398             50          TWP 53-RGE 25-W4M   SE 32
                                                                                           (30.6 HA)
AB Cont'd     A008-M071        A      499110398             50          TWP 53-RGE 25-W4M   SW 32
                                                                                           (34.3 HA)
              A008-M071        A      499110398             50          TWP 53-RGE 25-W4M   NW 32
                                                                                           (3.3 HA)
              A008-M071        A      499110398             50          TWP 53-RGE 25-W4M   NE 32
                                                                                           (13.4 HA)PNG from SURFACE to BASE of
                                                                                                    LOWER CRET: SHALLOW RIGHTS

              A008-M072        A      0499110397            25          TWP 53-RGE 25-W4M   SE31
                                                                                           (51.26 HA)
              A008-M072        A      0499110397            25          TWP 53-RGE 25-W4M   SW31
              A008-M072        A      0499110397            25          TWP 53-RGE 25-W4M   NW31
                                                                                           (22.84 HA)
              A008-M072        A      0499110397            25          TWP 53-RGE 25-W4M   NE31
                                                                                           (17.87 HA) PNG from BASE of LOWER CRET
                                                                                                      to BASEMENT: DEEP RIGHTS

              A008-M073        A      0499110399            25          TWP 53-RGE 25-W4M   SE 32
                                                                                           (30.6 HA)
              A008-M073        A      0499110399            25          TWP 53-RGE 25-W4M   SW 32
                                                                                           (34.3 HA)
              A008-M073        A      0499110399            25          TWP 53-RGE 25-W4M   NW 32
                                                                                           (3.3 HA)
              A008-M073        A      0499110399            25          TWP 53-RGE 25-W4M   NE 32
                                                                                           (13.4 HA) PNG from BASE of LOWER CRET to
                                                                                                    BASEMENT: DEEP RIGHTS

STANMORE, AB

              A015-M001        A      PCP AB55 29340        100         TWP 30-RGE 11-W4M   9       NG from SURFACE to BASE of
                                                                                                    VIKING

              A015-M002        A      PCP AB85 29341        100         TWP 30-RGE 11-W4M   9       PET from SURFACE to BASE of
                                                                                                    VIKING
TWO CREEKS,
AB            A009-M001        A      0596100561            72          TWP 63-RGE 16-W5M   26

VIMY, AB

              A010-M001        A      0489090333            94          TWP 58-RGE 25-W4M   22      PNG from SURFACE to BASE of
                                                                                                    VIKING

ZAMA,AB       A011-M001        A       16302               12.5          TWP114-RGE 5-W6M   SE 29   PNG from TOP OF KEG RIVER TO
                                                                                                    BASE KEG RIVER
              A011-M001        A       16,302              6.25          TWP114-RGE 5-W6M   SE 29   PNG from SURFACE to BASE of KEG
                                                                                                    RIVER excluding Keg River

              A011-M001        B       16302                 0           TWP114-RGE 5-W6M   SW 29   PNG from SURFACE to BASE of KEG
                                                                                                    RIVER
                                                                                                    Dynamic is in penalty

FRASER VALLEY BC

              B001-M001        A       PERMIT 802          33.33        NTS 92-G- 3 BLK A
              B001-M001        A       PERMIT 802          33.33        NTS 92-G- 3 BLK B
              B001-M001        A       PERMIT 802          33.33        NTS 92-G- 3 BLK G
              B001-M001        A       PERMIT 802          33.33        NTS 92-G- 3 BLK H
              B001-M001        A       PERMIT 802          33.33        NTS 92-G- 3 BLK I
              B001-M001        A       PERMIT 802          33.33        NTS 92-G- 3 BLK J
              B001-M001        A       PERMIT 802          33.33        TWP 5-RGE 6-W6M      BLOCK 5
                                                                                             NORTH, 25,26,36,36
              B001-M001        A       PERMIT 802          33.33                             BLOCK 5 NORTH, 30,
                                                                                             31,32,33,34
              B001-M001        A       PERMIT 802          33.33                             BLOCK 5 NORTH, 20
                                                                                             (FRACTIONAL)
              B001-M001        A       PERMIT 802          33.33                             BLOCK 4 NORTH, 1
              B001-M001        A       PERMIT 802          33.33                             BLOCK 4 NORTH, 1-12,
                                                                                             15,16,18,20
              B001-M001        A       PERMIT 802          33.33                             BLOCK 4 NORTH, 6,7,18
              B001-M001        A       PERMIT 802          33.33                             LOT 2759
              B001-M001        A       PERMIT 802          33.33                             LOTS
                                                                                             134,185,473,479,480,481,598,704
              B001-M001        A       PERMIT 802          33.33                             LOTS 7,12-23,28-31, 33,
                                                                                               34
                                                                                                      PNG from SURFACE to BASEMENT

ORION, BC

              B002-M001        A       LIC 49967            100         NTS 94-I-14 BLK I   91-99
              B002-M001        A       LIC 49967            100         NTS 94-I-15 BLK L   100
              B002-M001        A       LIC 49967            100         NTS 94-P- 2 BLK D
                                                                                            10,20,30,
                                                                                            40,50
              B002-M001        A       LIC 49967            100         NTS 94-P- 3 BLK A   1-9, 11-15,
                                                                                            21-25
              B002-M001        A       LIC 49967            100         NTS 94-P- 3 BLK A   31-35,
                                                                                            41-45   PNG from SURFACE to BASE JEAN
                                                                                                    MARIE

              B002-M002        A       LIC 49968            100         NTS 94-I-15 BLK K   100
              B002-M002        A       LIC 49968            100         NTS 94-I-15 BLK L   91-99
              B002-M002        A       LIC 49968            100         NTS 94-P- 2 BLK C   10, 20, 30,
40, 50
              B002-M002        A       LIC 49968            100         NTS 94-P- 2 BLK D   1-9, 11-19,
21-29
              B002-M002        A       LIC 49968            100         NTS 94-P- 2 BLK D   31-35,
                                                                                            41-45   PNG from SURFACE to BASE JEAN
                                                                                                    MARIE

              B002-M003        A       LIC 49969            100         NTS 94-P- 2 BLK C   60, 70,
                                                                                            80, 90


              B002-M003        A       LIC 49969            100         NTS 94-P- 2 BLK D   36-39,
                                                                                            46-49,
                                                                                            51-59
              B002-M003        A       LIC 49969            100         NTS 94-P- 2 BLK D   61-69,
                                                                                            71-77,
                                                                                            81-87   PNG from SURFACE to BASE JEAN
                                                                                                    MARIE
</TABLE>
                                                 Revision dated: August 1, 2000
18

<PAGE>

<TABLE>
<CAPTION>
<S><C>
                                      Schedule A
   Attached to Royalty Agreement dated July 13, 1990 made between Wayne J. Babcock (Grantee) and
                               Dynamic Oil Limited (Grantor)
                                       Lessor                                           Sections/
Area Name     Lease-File-No    Split   Name/Number     DOL's W.I. Location              Units       PNG Rights

ORION, BC     B002-M004        A       LIC 50826            100     NTS 94-I-15 BLK K    56-60,
                                                                                         66-70,
CONT'D                                                                                   76-80
              B002-M004        A       LIC 50826            100     NTS 94-I-15 BLK K    86-90,
                                                                                         96-99
              B002-M004        A       LIC 50826            100     NTS 94-I-15 BLK L    51,61,
                                                                                         71,81
              B002-M004        A       LIC 50826            100     NTS 94-P- 2 BLK C    9-Jun      PNG from SURFACE to BASEMENT

ELMORE, SK

              S001-M001A       A       PN 15,816             5      TWP 1-RGE 31-W1M   10
                                                                                       (LSD'S 9)

              S001-M001B       A       PN 15,816             5      TWP 1-RGE 31-W1M   10
                                                                                       (LSD 10)

              S001-M002        A       PN 17,011             5      TWP 1-RGE 31-W1M   10
                                                                                       (LSD'S 15
                                                                                        & 16)
</TABLE>
                                                 Revision dated: August 1, 2000
19
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