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| As of December 31, 2009 |
|-------------------------|

|                            |   | Proved    |   |
|---------------------------------|--------|-----------|--------|
|                            |   | Developed |   |   |   |   |   | Total |   |
|                            |   | Producing |   |   | Non-Producing |   |   | Undeveloped |   |   | Proved |   |
| Net Remaining Reserves          |   |      |   |   |   |   |   |   |   |   |   |   |
| Oil/Condensate – Mbarrels |   |      | 164    |   |   |   | 78 |   |   |   | - |   |   |   | 242 |   |
| Gas – MMCF                |   |      | 5,102  |   |   |   | 1,193 |   |   |   | 953 |   |   |   | 7,248 |   |
|                            |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income Data, M$                 |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Future Gross Revenue            |   | $         | 28,749 |   |   | $ | 9,313 |   |   | $ | 2,577 |   |   | $ | 40,639 |   |
| Deductions                      |   |      | 11,433 |   |   |   | 1,677 |   |   |   | 2,494 |   |   |   | 15,604 |   |
| Future Net Income (FNI)         |   | $         | 17,316 |   |   | $ | 7,636 |   |   | $ | 83 |   |   | $ | 25,035 |   |
|                            |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Discounted FNI @ 10%            |   | $         | 12,258 |   |   | $ | 2,459 |   |   | $ | (402 | ) |   | $ | 14,315 |   |

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|            |   | Discounted Future Net Income, M$ |
|-----------------|--------|----------------------------------|
|            |   | As of December 31, 2009          |
| Discount Rate   |   | Total                            |   |
| Percent         |   | Proved                           |   |
|            |   |                             |   |
|   2.5 |   | $20,483                          |   |
|   5.0 |   | $17,692                          |   |
| 15.0            |   | $12,243                          |   |
| 20.0            |   | $10,799                          |   |

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| (1)   | completion intervals which are open at the time of the estimate but which have not yet started producing; |
|-----------------|-----------------------------------------------------------------------------------------------------------|

| (2)   | wells which were shut-in for market conditions or pipeline connections; or |
|-----------------|----------------------------------------------------------------------------|

| (3)   | wells not capable of production for mechanical reasons. |
|-----------------|---------------------------------------------------------|

| (i)   | Reserves on undrilled acreage shall be limited to those directly offsetting development spacing areas that are reasonably certain of production when drilled, unless evidence using reliable technology exists that establishes reasonable certainty of economic producibility at greater distances. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | Undrilled locations can be classified as having undeveloped reserves only if a development plan has been adopted indicating that they are scheduled to be drilled within five years, unless the specific circumstances, justify a longer time. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   | Under no circumstances shall estimates for undeveloped reserves be attributable to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved effective by actual projects in the same reservoir or an analogous reservoir, as defined in paragraph (a)(2) of this section, or by other evidence using reliable technology establishing reasonable certainty. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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