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(COPANO ENERGY LOGO)
    
    News Release
 Contacts:
    
    Matt Assiff, SVP & CFOCopano Energy, L.L.C.713-621-9547FOR IMMEDIATE RELEASEKen Dennard / ksdennard@drg-e.comJack Lascar / jlascar@drg-e.comDRG&E / 713-529-6600
 COPANO ENERGY EXPANDS COMMODITY HEDGING PORTFOLIO




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SCHEDULE A
 
  Put Strike
    
    
    Put Volumes
    
    
    Swap Price
    
    
    Swap Volumes(per gallon)
    
    
    Barrels/Day
    
    
    (per gallon)
    
    
    Barrels/DayJuly- Dec 2007
    
    $
    0.6960
    
    
    
    2,000
    
    
    $
    0.7300
    
    
    
    2,000Calendar 2008
    
    $
    0.6250
    
    
    
    2,900
    
    
    $
    0.6525
    
    
    
    1,300Calendar 2009
    
    $
    0.5900
    
    
    
    2,200
    
    
    $
    0.6025
    
    
    
    1,100Calendar 2010
    
    $
    0.5550
    
    
    
    1,600
    
    
    $
    0.5700
    
    
    
    500Calendar 2011
    
    $
    0.5300
    
    
    
    1,700
    
    
    $
    0.5450
    
    
    
    500
  Put Strike
    
    
    Put Volumes
    
    
    Swap Price
    
    
    Swap Volumes(per gallon)
    
    
    Barrels/Day
    
    
    (per gallon)
    
    
    Barrels/DayJuly- Dec 2007
    
    $
    1.0950
    
    
    
    1,200
    
    
    
    
    
    
    
    Calendar 2008
    
    $
    1.0500
    
    
    
    1,300
    
    
    
    
    
    
    
    Calendar 2009
    
    $
    0.9650
    
    
    
    1,000
    
    
    $
    1.0275
    
    
    
    1,000Calendar 2010
    
    $
    0.9460
    
    
    
    700
    
    
    $
    0.9925
    
    
    
    700Calendar 2011
    
    $
    0.9340
    
    
    
    700
    
    
    $
    0.9750
    
    
    
    700
  Put Strike
    
    
    Put Volumes
    
    
    Swap Price
    
    
    Swap Volumes(per gallon)
    
    
    Barrels/Day
    
    
    (per gallon)
    
    
    Barrels/DayCalendar 2009
    
    $
    1.1600
    
    
    
    100
    
    
    $
    1.2425
    
    
    
    100Calendar 2010
    
    $
    1.1145
    
    
    
    100
    
    
    $
    1.2025
    
    
    
    100Calendar 2011
    
    $
    1.1100
    
    
    
    100
    
    
    $
    1.1850
    
    
    
    100
  Put Strike
    
    
    Put Volumes
    
    
    Swap Price
    
    
    Swap Volumes(per gallon)
    
    
    Barrels/Day
    
    
    (per gallon)
    
    
    Barrels/DayJuly- Dec 2007
    
    $
    1.2700
    
    
    
    400
    
    
    
    
    
    
    
    Calendar 2008
    
    $
    1.2150
    
    
    
    400
    
    
    
    
    
    
    
    Calendar 2009
    
    $
    1.1400
    
    
    
    400
    
    
    $
    1.2425
    
    
    
    400Calendar 2010
    
    $
    1.1000
    
    
    
    200
    
    
    $
    1.2025
    
    
    
    200Calendar 2011
    
    $
    1.0850
    
    
    
    200
    
    
    $
    1.1800
    
    
    
    200
  Put Strike
    
    
    Put Volumes
    
    
    Swap Price
    
    
    Swap Volumes(per gallon)
    
    
    Barrels/Day
    
    
    (per gallon)
    
    
    Barrels/DayJuly- Dec 2007
    
    $
    1.5650
    
    
    
    200
    
    
    $
    1.6600
    
    
    
    400Calendar 2008
    
    $
    1.4850
    
    
    
    300
    
    
    $
    1.5850
    
    
    
    300Calendar 2009
    
    $
    1.4400
    
    
    
    200
    
    
    $
    1.5400
    
    
    
    200Calendar 2010
    
    $
    1.4080
    
    
    
    300
    
    
    
    
    
    
    
    Calendar 2011
    
    $
    1.4100
    
    
    
    300
    
    
    
    
    
    
    
    
  Put Strike
    
    
    Put Volumes(per gallon)
    
    
    Barrels/DayCalendar 2008
    
    $
    60.00
    
    
    
    700Calendar 2009
    
    $
    60.00
    
    
    
    500Calendar 2010
    
    $
    60.00
    
    
    
    400Calendar 2011
    
    $
    60.00
    
    
    
    400