**MBA**

**    Martin      & Brusset Associates**

**Attention:**
**Mr.      James Panther**

**Re:**
**Evaluation      of Gas Reserves Owned by**

**Quest      Canada Corp., in the Arneson Area, **

**in      the Province of Alberta, Effective April 1, 2006**

*.      *

**Quest      Canada Corp.**

**Summary      of Oil, Gas & Natural Gas Liquids Reserves and Present      Worth**

**Before      Income Tax**

**(As      of 01 April 2006)**

**Martin      & Brusset Associates April 1, 2006 Prices and      Escalations**

|                              |                                 |                           |              |            |              |            |  Net Present Value of Net Production |
|-----------------------------------|--------------------------------------|--------------------------------|-------------------|-----------------|-------------------|-----------------|-------------------------------------------|
|                              |  Company's Interest in Reserves |                           |              |            |  Income      | M$         |                                      |   |   |
|                              |  Crude                OilMBbl   | Natural                GasMMcf | NGL'sMBbl         | Undis-counted   | Discounted        |
|                              |  Gross                          | Net                       |  Gross  |  Net  |  Gross  |  Net  |  0%                             |  5%  |  10%  |  12%  |  15%  |  20%  |
| Proved DevelopedProducing    |  0                              |  0                        |  107         |  54        |  0           |  0         |  242                                 |  236 |  230 |  228 |  225 |  220 |
| Probable                Developed |  0                              |  0                        |  152         |  88        |  0           |  0         |  410                                 |  379 |  352 |  342 |  328 |  307 |
| Proved                +Probable   |  0                              |  0                        |  260         |  142       |  0           |  0         |  652                                 |  615 |  582 |  570 |  553 |  527 |

| PERMIT                TO PRACTICEMARTIN&BRUSSET                ASSOCIATES Signature:  /s/                S. Neil                Sedgwick                                 Date:    June                27,                2006                                               PERMIT                NUMBER: P 6952The                Association of Professional Engineers,Geologists                and Geophysicists of Alberta | Yours                very truly,Martin                & Brusset Associates /s/                S. Neil Sedgwick |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|
|   S.                Neil Sedgwick, B.Sc., P.                Eng.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

----

**Certificate        of Qualifications**

|   | 1. | That                  I am a principal with Martin & Brusset Associates, Petroleum                  Consultants, which firm prepared an “Evaluation of Gas Reserves Owned by                  Quest Canada Corp., Effective April 1, 2006”. This report was prepared                  during the month of June, 2006, at the request of Quest Canada                  Corp. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | That                  Martin & Brusset Associates, their officers and their employees have                  no direct or indirect interest, nor do they expect to receive any                  direct                  or indirect interest in the properties of or in any securities                  of Quest                  Canada Corp. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | That                  I attended Queen’s University at Kingston, Ontario and graduated with a                  Bachelor of Science Degree in Geology in 1975; and that I am a                  Registered                  Professional Engineer with the Association of Petroleum Engineers,                  Geologists and Geophysicists in the Province of Alberta and have                  in excess                  of 29 years experience in engineering evaluations and operations                  of oil                  and gas fields. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | That                  I am one of the persons directly responsible for the preparation                  of this                  report, that the basic well and reservoir data employed in the                  preparation                  of the aforementioned report were obtained from Quest Canada Corp.,                  and                  that a personal field inspection of the properties was not made;                  however,                  such an inspection was not considered necessary in view of the                  available                  information. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Area        Summary**

**Quest        Canada Corp.**

**Summary        of Oil, Gas & Natural Gas Liquids Reserves and Present        Worth**

**Before        Income Tax**

**(As        of 01 April 2006)**

**Martin        & Brusset Associates April 1, 2006 Prices and        Escalations**

|                                        |     |                                                                        |                                                                               |    |          |                                |   | Net                    Present Value of Net productions |
|---------------------------------------------|----------|-----------------------------------------------------------------------------|------------------------------------------------------------------------------------|---------|---------------|-------------------------------------|--------|---------------------------------------------------------|
|                                        | Average  | ---------Company’s                    Interest in Reserves----------- | ------------------------------Income                    M$------------------------ |
|                                        | Company  | Crude                                                                       | Oil                                                                                | Natural | Gas           | NGL’s                         |   |                                                    |   |   |   |   |
|                                        | Interest | MBbl                                                                        | MMcf                                                                               | MBbl    | Undis-counted | ------------Discounted------------- |
|                                        | %        | Gross                                                                       | Net                                                                                | Gross   | Net           | Gross                               | Net    | 0%                                                      | 5% | 10% | 12% | 15% | 20% |
|                                        |     |                                                                        |                                                                               |    |          |                                |   |                                                    |   |   |   |   |   |
|                                        |     |                                                                        |                                                                               |    |          |                                |   |                                                    |   |   |   |   |   |
| **Arneson,                    Alberta Gas** |     |                                                                        |                                                                               |    |          |                                |   |                                                    |   |   |   |   |   |
| Proved                    Producing         | 95.00    | 0                                                                           | 0                                                                                  | 107     | 54            | 0                                   | 0      | 242                                                     | 236 | 230 | 228 | 225 | 220 |
|                                        |     |                                                                        |                                                                               |    |          |                                |   |                                                    |   |   |   |   |   |
| Probable                    Development     | 95.00    | 0                                                                           | 0                                                                                  | 152     | 88            | 0                                   | 0      | 410                                                     | 379 | 352 | 342 | 328 | 307 |
|                                        |     |                                                                        |                                                                               |    |          |                                |   |                                                    |   |   |   |   |   |
| Total                    Proved + Probable  |     |                                                                        |                                                                               |    |          |                                |   |                                                    |   |   |   |   |   |
| Developed                                   | 95.00    | 0                                                                           | 0                                                                                  | 260     | 142           | 0                                   | 0      | 652                                                     | 615 | 582 | 570 | 553 | 527 |
|                                        |     |                                                                        |                                                                               |    |          |                                |   |                                                    |   |   |   |   |   |

----

| Year                                                                                                                                                                                                                                | Gross                  ProdWells | --                  Oil Production -- | AdjOilPrice$/Bbl | ----                  Gas Sales ---- | AdjGas                  Price$/Mcf | Natural                  Gas Liquids | AdjLiquidsPrice                  $/Bbl | Co                  RevBeforeBurdensM$ |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|---------------------------------------|------------------|--------------------------------------|------------------------------------|--------------------------------------|----------------------------------------|----------------------------------------|
| GrossMBbl                                                                                                                                                                                                                           | Co                  GrMBbl       | Co                  NetMBbl           | GrossMMcf        | Co                  GrMMcf           | Co                  NetMMcf        | GrossMBbl                            | Co                  GrMBbl             | Co                  NetMBbl            |
| 2006                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 90                                   | 86                                     | 40                                     | 6.21 | 0 | 0 | 0 | 0.00 | 531 |
| 2007                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 23                                   | 22                                     | 14                                     | 8.55 | 0 | 0 | 0 | 0.00 | 187 |
| T                  (                  2)                                                                                                                                                                                            |                             | 0                                     | 0                | 0                                    |                               | 113                                  | 107                                    | 54                                     |   | 0 | 0 | 0 |   | 718 |
|                                                                                                                                                                                                                                |                             |                                  |             |                                 |                               |                                 |                                   |                                   |   |   |   |   |   |   |
| -------------------------------------------------------------------------------------                  Company Share                  --------------------------------------------------------------------------------------------- |

| Year                                     | Crown                  RoyM$ | AltaRTCrM$ | FHRoyM$ | MinTaxM$ | ORR                  &OtherM$ | ResRoy% | -                  Operating Expenses - | Net                  Proc&                  SulphIncomeM$ | TotalCapitalM$ | OtherNet                  Inc(Exp)M$ | AbdExpM$ | NetRevM$                                  | TotalCumRevM$ |
|------------------------------------------|------------------------------|------------|---------|----------|-----------------------------------|---------|-----------------------------------------|---------------------------------------------------------------|----------------|--------------------------------------|----------|-------------------------------------------|---------------|
| FixedM$                                  | VarM$                        | TotalM$    |
| 2006                                     | 145                          | 36         | 0       | 0        | 112                               | 42      | 23                                      | 90                                                            | 113            | 0                                    | 0        | 0                                         | 0             | 198 | 198 |
| 2007                                     | 21                           | 5.3        | 0       | 0        | 40                                | 30      | 29                                      | 28                                                            | 57             | 0                                    | 0        | 0                                         | 29            | 45 | 242 |
| T                  (                  2) | 166                          | 42         | 0       | 0        | 152                               | 39      | 52                                      | 118                                                           | 170            | 0                                    | 0        | 0                                         | 29            | 242 |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     |                                      |          |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     |                                      |          |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | Present                  Worth Before Tax |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 5.0                                       | 236           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 8.0                                       | 233           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 10.0                                      | 230           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 12.0                                      | 228           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 15.0                                      | 225           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 18.0                                      | 222           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 20.0                                      | 220           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 25.0                                      | 216           |   |   |

| Year                                                                                                                                                                                                                                | Gross                  ProdWells | --                  Oil Production -- | AdjOilPrice$/Bbl | ----                  Gas Sales ---- | AdjGas                  Price$/Mcf | Natural                  Gas Liquids | AdjLiquidsPrice                  $/Bbl | Co                  RevBeforeBurdensM$ |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|---------------------------------------|------------------|--------------------------------------|------------------------------------|--------------------------------------|----------------------------------------|----------------------------------------|
| GrossMBbl                                                                                                                                                                                                                           | Co                  GrMBbl       | Co                  NetMBbl           | GrossMMcf        | Co                  GrMMcf           | Co                  NetMMcf        | GrossMBbl                            | Co                  GrMBbl             | Co                  NetMBbl            |
| 2006                                                                                                                                                                                                                                | 0                                | 0                                     | 0                | 0                                    | 0.00                               | 14                                   | 13                                     | 5.5                                    | 7.06 | 0 | 0 | 0 | 0.00 | 94 |
| 2007                                                                                                                                                                                                                                | 0                                | 0                                     | 0                | 0                                    | 0.00                               | 59                                   | 56                                     | 30                                     | 8.55 | 0 | 0 | 0 | 0.00 | 481 |
| 2008                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 48                                   | 46                                     | 28                                     | 7.36 | 0 | 0 | 0 | 0.00 | 337 |
| 2009                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 28                                   | 27                                     | 18                                     | 6.65 | 0 | 0 | 0 | 0.00 | 178 |
| 2010                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 11                                   | 10                                     | 6.9                                    | 6.27 | 0 | 0 | 0 | 0.00 | 64 |
| T                  (                  5)                                                                                                                                                                                            |                             | 0                                     | 0                | 0                                    |                               | 160                                  | 152                                    | 88                                     |   | 0 | 0 | 0 |   | 1153 |
| -------------------------------------------------------------------------------------                  Company Share                  --------------------------------------------------------------------------------------------- |

| Year                                     | Crown                  RoyM$ | AltaRTCrM$ | FHRoyM$ | MinTaxM$ | ORR                  &OtherM$ | ResRoy% | -                  Operating Expenses - | Net                  Proc&                  SulphIncomeM$ | TotalCapitalM$ | OtherNet                  Inc(Exp)M$ | AbdExpM$ | NetRevM$                                  | TotalCumRevM$ |
|------------------------------------------|------------------------------|------------|---------|----------|-----------------------------------|---------|-----------------------------------------|---------------------------------------------------------------|----------------|--------------------------------------|----------|-------------------------------------------|---------------|
| FixedM$                                  | VarM$                        | TotalM$    |
| 2006                                     | 31                           | 7.7        | 0       | 0        | 20                                | 46      | 0                                       | 14                                                            | 14             | 0                                    | 25       | 0                                         | 0             | 12 | 12 |
| 2007                                     | 111                          | 28         | 0       | 0        | 104                               | 39      | 2.6                                     | 72                                                            | 75             | 0                                    | 0        | 0                                         | -29           | 248 | 260 |
| 2008                                     | 48                           | 12         | 0       | 0        | 72                                | 32      | 32                                      | 75                                                            | 107            | 0                                    | 0        | 0                                         | 0             | 122 | 382 |
| 2009                                     | 19                           | 4.7        | 0       | 0        | 38                                | 29      | 33                                      | 45                                                            | 78             | 0                                    | 0        | 0                                         | 0             | 49 | 431 |
| 2010                                     | 5.3                          | 1.3        | 0       | 0        | 13                                | 27      | 19                                      | 17                                                            | 37             | 0                                    | 0        | 0                                         | 31            | -21 | 410 |
| T                  (                  5) | 214                          | 53         | 0       | 0        | 246                               | 35      | 87                                      | 224                                                           | 311            | 0                                    | 25       | 0                                         | 2             | 410 |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     |                                      |          |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | Present                  Worth Before Tax |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 5.0                                       | 379           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 8.0                                       | 362           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 10.0                                      | 352           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 12.0                                      | 342           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 15.0                                      | 328           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 18.0                                      | 315           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 20.0                                      | 307           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 25.0                                      | 288           |   |   |

| Year                                                                                                                                                                                                                                | Gross                  ProdWells | --                  Oil Production -- | AdjOilPrice$/Bbl | ----                  Gas Sales ---- | AdjGas                  Price$/Mcf | Natural                  Gas Liquids | AdjLiquidsPrice                  $/Bbl | Co                  RevBeforeBurdensM$ |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|---------------------------------------|------------------|--------------------------------------|------------------------------------|--------------------------------------|----------------------------------------|----------------------------------------|
| GrossMBbl                                                                                                                                                                                                                           | Co                  GrMBbl       | Co                  NetMBbl           | GrossMMcf        | Co                  GrMMcf           | Co                  NetMMcf        | GrossMBbl                            | Co                  GrMBbl             | Co                  NetMBbl            |
| 2006                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 104                                  | 99                                     | 46                                     | 6.33 | 0 | 0 | 0 | 0.00 | 626 |
| 2007                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 82                                   | 78                                     | 44                                     | 8.55 | 0 | 0 | 0 | 0.00 | 668 |
| 2008                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 48                                   | 46                                     | 28                                     | 7.36 | 0 | 0 | 0 | 0.00 | 337 |
| 2009                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 28                                   | 27                                     | 18                                     | 6.65 | 0 | 0 | 0 | 0.00 | 178 |
| 2010                                                                                                                                                                                                                                | 1.0                              | 0                                     | 0                | 0                                    | 0.00                               | 11                                   | 10                                     | 6.9                                    | 6.27 | 0 | 0 | 0 | 0.00 | 64 |
| T                  (                  5)                                                                                                                                                                                            |                             | 0                                     | 0                | 0                                    |                               |                                 |                                   |                                   |   | 0 | 0 | 0 |   | 1872 |
| -------------------------------------------------------------------------------------                  Company Share                  --------------------------------------------------------------------------------------------- |

| Year                                     | Crown                  RoyM$ | AltaRTCrM$ | FHRoyM$ | MinTaxM$ | ORR                  &OtherM$ | ResRoy% | -                  Operating Expenses - | Net                  Proc&                  SulphIncomeM$ | TotalCapitalM$ | OtherNet                  Inc(Exp)M$ | AbdExpM$ | NetRevM$                                  | TotalCumRevM$ |
|------------------------------------------|------------------------------|------------|---------|----------|-----------------------------------|---------|-----------------------------------------|---------------------------------------------------------------|----------------|--------------------------------------|----------|-------------------------------------------|---------------|
| FixedM$                                  | VarM$                        | TotalM$    |
| 2006                                     | 176                          | 44         | 0       | 0        | 132                               | 42      | 23                                      | 104                                                           | 127            | 0                                    | 25       | 0                                         | 0             | 210 | 210 |
| 2007                                     | 132                          | 33         | 0       | 0        | 144                               | 36      | 31                                      | 101                                                           | 132            | 0                                    | 0        | 0                                         | 0             | 293 | 503 |
| 2008                                     | 48                           | 12         | 0       | 0        | 72                                | 32      | 32                                      | 75                                                            | 107            | 0                                    | 0        | 0                                         | 0             | 122 | 624 |
| 2009                                     | 19                           | 4.7        | 0       | 0        | 38                                | 29      | 33                                      | 45                                                            | 78             | 0                                    | 0        | 0                                         | 0             | 49 | 673 |
| 2010                                     | 5.3                          | 1.3        | 0       | 0        | 13                                | 27      | 19                                      | 17                                                            | 37             | 0                                    | 0        | 0                                         | 31            | -21 | 652 |
| T                  (                  5) | 380                          | 95         | 0       | 0        | 398                               | 36      | 139                                     | 342                                                           | 481            | 0                                    | 25       | 0                                         | 31            | 652 |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     |                                      |          |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | Present                  Worth Before Tax |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 5.0                                       | 615           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 8.0                                       | 595           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 10.0                                      | 582           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 12.0                                      | 570           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 15.0                                      | 553           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 18.0                                      | 537           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 20.0                                      | 527           |   |   |
|                                     |                         |       |    |     |                              |    |                                    |                                                          |           |                                 |     | 25.0                                      | 504           |   |   |

----

**Martin        & Brusset Associates**

**Price        Forecasts**

|                       |                    | Crude                  OIl and Natural Gas Liquids Prices, C$/BbI.                                   |
|----------------------------|-------------------------|------------------------------------------------------------------------------------------------------|
| Year                       |                    | WTI(US                  $)                                                                           | EdmontonLightSweet40 ̊                  API | CromerMediumPrice | Bow                  RiverStream25 ̊                  API | HardistyHeavy12 ̊                  API | f.o.b.                  Edmonton |
| Propane                    | Butane                  | PentanesPlus                                                                                         |
|                       |                    |                                                                                                 |   |   |   |   |   |   |   |
| 2005                  Act. |                    | 56.48                                                                                                | 69.26 | 57.52 | 45.13 | 35.13 | 42.44 | 51.86 | 67.76 |
|                       |                    |                                                                                                 |   |   |   |   |   |   |   |
| 2006                       | Q1                      | 62.83                                                                                                | 69.45 | 54.94 | 40.58 | 27.45 | 42.66 | 59.20 | 72.90 |
|                       | Q2                      | 66.50                                                                                                | 71.90 | 60.90 | 51.90 | 39.90 | 42.40 | 57.20 | 74.80 |
|                       | Q3                      | 65.50                                                                                                | 70.80 | 59.80 | 50.80 | 38.80 | 41.80 | 54.30 | 73.60 |
|                       | Q4                      | 63.50                                                                                                | 71.00 | 58.00 | 46.00 | 34.00 | 41.90 | 54.50 | 72.40 |
|                       |                    |                                                                                                 |   |   |   |   |   |   |   |
|                       | Avg.                  9 |                                                                                                 |   |   |   |   |   |   |   |
| 2006                       | Mths.                   | 65.17                                                                                                | 71.23 | 59.57 | 49.57 | 37.57 | 42.03 | 55.33 | 73.60 |
| 2007                       |                    | 60.00                                                                                                | 67.00 | 56.00 | 46.00 | 34.00 | 39.50 | 51.40 | 68.30 |
| 2008                       |                    | 55.00                                                                                                | 63.20 | 53.20 | 44.20 | 32.20 | 37.30 | 48.50 | 64.50 |
| 2009                       |                    | 50.00                                                                                                | 57.30 | 49.30 | 39.30 | 29.30 | 33.80 | 43.90 | 58.40 |
| 2010                       |                    | 46.00                                                                                                | 52.60 | 45.60 | 36.60 | 27.60 | 31.00 | 40.30 | 53.70 |
| 2011                       |                    | 46.00                                                                                                | 52.60 | 45.60 | 36.60 | 27.60 | 31.00 | 40.30 | 53.70 |
| 2012                       |                    | 46.50                                                                                                | 53.20 | 46.20 | 37.20 | 28.20 | 31.40 | 40.80 | 54.30 |
| 2013                       |                    | 47.00                                                                                                | 53.80 | 46.80 | 37.80 | 28.80 | 31.70 | 41.20 | 54.90 |
| 2014                       |                    | 48.50                                                                                                | 55.60 | 48.60 | 39.60 | 30.60 | 32.80 | 42.60 | 56.70 |
| 2015                       |                    | 49.00                                                                                                | 56.10 | 49.10 | 40.10 | 31.10 | 33.10 | 43.00 | 57.20 |
| 2016                       |                    | 49.50                                                                                                | 56.70 | 49.70 | 40.70 | 31.70 | 33.50 | 43.60 | 57.80 |
|                       |                    |                                                                                                 |   |   |   |   |   |   |   |
| Thereafter                 |                    | -----------------------------------+2.0%/Year                  ------------------------------------- |
|                       |                    |                                                                                                 |   |   |   |   |   |   |   |

|                       |                    | Natural                  Gas Prices, $/MMBTU** **(Average                  Plant-gate Price) |
|----------------------------|-------------------------|---------------------------------------------------------------------------------------------------|
| Year                       |                    | AggregatorAvg.Field                                                                               | AlbertaFieldSpot | AlbertaRef.Price | B.C.CanWestPrice | Sask.BlendedPrice | SulphurAlta.Field$/LT | ExchangeRate $US/$CDN | CostInflation %/YR |
|                       |                    |                                                                                              |   |   |   |   |   |   |   |
| 2005                  Act. |                    | 8.49                                                                                              | 8.29 | 8.25 | 6.27 | 8.12 |   | 0.83 |   |
|                       |                    |                                                                                              |   |   |   |   |   |   |   |
| 2006                       | Q1                      | 8.05                                                                                              | 7.32 | 7.83 | 4.32 | 7.42 | 20.00 | 0.87 |   |
|                       | Q2                      | 7.67                                                                                              | 6.25 | 6.81 | 4.05 | 6.35 | 20.00 | 0.90 |   |
|                       | Q3                      | 7.67                                                                                              | 6.25 | 6.81 | 4.05 | *6.35* | 20.00 | 0.90 |   |
|                       | Q4                      | 9.17                                                                                              | 7.75 | 8.31 | 5.55 | 7.85 | 20.00 | 0.87 |   |
|                       |                    |                                                                                              |   |   |   |   |   |   |   |
|                       | Avg.                  9 |                                                                                              |   |   |   |   |   |   |   |
| 2006                       | Mths.                   | 8.17                                                                                              | *6.75* | 7.31 | 4.55 | 6.85 | 20.00 | 0.89 | 0 |
| 2007                       |                    | 9.00                                                                                              | 9.00 | 9.00 | 6.80 | 9.10 | 18.00 | 0.87 | 2 |
| 2008                       |                    | 7.75                                                                                              | 7.75 | 7.75 | 5.75 | 7.85 | 15.00 | 0.85 | 2 |
| 2009                       |                    | 7.00                                                                                              | 7.00 | 7.00 | 5.30 | 7.10 | 15.00 | 0.85 | 2 |
| 2010                       |                    | 6.60                                                                                              | 6.60 | 6.60 | 5.20 | 6,70 | 15.00 | 0.85 | 2 |
| 2011                       |                    | 6.70                                                                                              | 6.70 | 6.70 | 5.30 | 6.80 | 15.00 | 0.85 | 2 |
| 2012                       |                    | 6.80                                                                                              | 6.80 | 6.80 | 5.40 | 6.90 | 15.00 | 0.85 | 2 |
| 2013                       |                    | 6.90                                                                                              | 6.90 | 6.90 | 5.50 | 7.00 | 15.00 | 0.85 | 2 |
| 2014                       |                    | 7.00                                                                                              | 7.00 | 7.00 | 5.60 | 7.10 | 15.00 | 0.85 | 2 |
| 2015                       |                    | 7.10                                                                                              | 7.10 | 7.10 | 5.70 | 7.20 | 15.00 | 0.85 | 2 |
| 2016                       |                    | 7.20                                                                                              | 7.20 | 7.20 | 5.80 | 7.30 | 15.00 | 0.85 | 2 |
|                       |                    |                                                                                              |   |   |   |   |   |   |   |
| Thereafter                 |                    | ---------------------                  +20%/Year --------------------                             |

| - | Other                  quality oil assumes constant                  differential. |
|---|------------------------------------------------------------------------------------|

| - | Sask.                  Non-Heavy Par= Cromer                  forecast, Heavy Par= Hardisty                  Heavy Forecast, Southwest Par =Cromer less                  $3.50/STB |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Propane                  and Butane prices are f.o.b. Edmonton before deductions for                  transportation, fractionation and                  handling. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | CanWest                  price in $/MCF, net of gathering/processing through Westcoast                  system. |
|---|-----------------------------------------------------------------------------------------------------------------|

| - | The                  ARTC rate based on this pricing is constant at 25% per year with                  the                  maximum corporate ARTC constant at $500,000 per                  year. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Definitions**
**&**
** **
**Assumptions**

**1.0        **
**Definitions**

**Gas        **

|   | **1.1** | **“Crude                  Oil”**                  A** **mixture,                  consisting mainly of pentanes and heavier hydrocarbons that exists                  in the                  liquid phase in reservoirs** **and                  remains liquid at atmospheric pressure** **and                  temperature.** **Crude                  oil may contain small** **amounts                  of sulphur** **and                  other** **nonhydrocarbon                  compounds, but does not** **include                  liquids obtained from the processing of natural gas. Classes                  of** **crude** **oil** **are                  often** **reported                  on the basis of density**,**sometimes** **with                  different** **meanings.                  Acceptable ranges** **are                  as follows: |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

** **
** **

** **

**)**

** **
** **
**at        **

** **
** **
** **
** **
** **

|   | **1.2** | **“Natural                  Gas”**A                  mixture of lighter hydrocarbons that exist either** **in                  the gaseous phase or in solution in crude** **oil                  in reservoirs but are gaseous at** **atmospheric                  conditions. Natural gas may contain sulphur or                  other |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | Nonhydrocarbon                  compounds. |
|--------|--------|--------------------------------------------|

|   | **1.3** | **“Marketable                  Natural** **Gas”**                  Natural gas that meets specifications for its end use,** **whether** **it                  occurs naturally or results from the processing of raw** **natural                  gas. Field** **and                  plant fuel** **and                  losses are excluded, excepting those** **related                  to downstream reprocessing plants. The heating value of                  marketable** **natural                  gas may** **vary                  considerably, depending upon** **its                  composition, and therefore** **quantities                  are usually expressed not only in** **volumes**,**but                  also** **terms                  of energy content. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**1.4        “Natural Gas Liquids” **

**1.5**
**Definitions        of**
** **
**Reserves**

** **
** **
** **
** **

** **
** **

| **1.5.1** | **Reserves                  Categories** |
|-----------|------------------------------------------|

|   | • | analysis                  of drilling, geological, geophysical, and engineering                  data; |
|--------|---------|--------------------------------------------------------------------------------------------------------|

|   | • | the                  use of established technology; |
|--------|---------|-----------------------------------------------------|

|   | • | specified                  economic conditions, which are generally accepted as being reasonable,                  and                  shall be disclosed. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | **a.** | **“Proved                  Reserves”** |
|--------|--------|----------------------------------------------------|

|   | **b.** | **“Probable                  Reserves”** |
|--------|--------|------------------------------------------------------|

|   | **c.** | **“Possible                  Reserves”** |
|--------|--------|------------------------------------------------------|

** **
** **

| **1.5.2** | **Development**** **and                  **Production                  Status** |
|-----------|--------------------------------------------------------------------------------------|

**“Developed        Reserves”**

**“Developed        Producing Reserves”**

**“Developed        Non-Producing Reserves”**

**“Undeveloped        Reserves”**

| **1.5.3** | **Levels                  of Certainty for Reported                  Reserves** |
|-----------|---------------------------------------------------------------------------------|

|   |   |   |
|--------|--------|--------|

| ·   | At                least a 90 percent probability that the quantities actually recovered                will                equal or exceed the estimated proved                reserves; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | At                least a 50 percent probability that the quantities actually recovered                will                equal or exceed the sum of the estimated proved + probable                reserves; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | At                least 10percent probability that the quantities actually recovered                will                equal or exceed the sum of the estimated proved + probable + possible                reserves. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Gross        Reserves”**

|   | b) | **“Gross                  Remaining Reserves”**                  are defined as the total remaining recoverable reserves associated                  with                  the acreage of interest at the effective date of the                  estimate. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.7** | **“Gross                  Company Interest Reserves”**                  are defined as the applicable working interest share of remaining                  recoverable gross reserves before deduction of any                  royalties. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.8** | **“Net                  Company Interest Reserves”**                  are defined, as the applicable working interest share and/or royalty                  interest share of the remaining reserves, less all royalties and                  interests                  owned by others. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.9** | **“Net                  Production Revenue” is income**derived                  from the future sale of net reserves of oil, pipeline gas, and                  by-products                  less all capital and operating costs, except that no allowance                  has been                  made for well abandonment and lease reclamation costs upon depletion                  of                  the reserves, unless otherwise                  stated. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.10** | **“Fair                  Market Value” is considered to be the price at which a property would be                  sold** |
|----------|---------------------------------------------------------------------------------------------------------------------------------------|

| **1.11** | “**Market                  Value”**                  is                  considered to be the value that a successful buyer would pay for                  an asset                  in the marketplace. Because all of the conditions of a “Fair Market Value”                  are seldom met, the “Market Value” is rarely equal to the “Fair Market                  Value”. |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Well        Abandonment Costs”**

**2.0**
**Estimates        of Proved and Probable Reserves**

* *
* *

|   | • | Material                  Balance |
|--------|---------|-----------------------------------|

|   | • | Volumetric                  Estimate |
|--------|---------|--------------------------------------|

|   | • | Mathematical                  Reservoir Simulation |
|--------|---------|----------------------------------------------------|

|   | • | Analogy |
|--------|---------|---------|

|   | • | Performance                  Predictions |
|--------|---------|------------------------------------------|

* *

| **3.0** | **Evaluation                  Assumptions** |
|---------|---------------------------------------------|

----

**Arneson,        Alberta**

**Quest        Canada Corp.**

**Summary        of Oil, Gas & Natural Gas Liquids Reserves and Present        Worth**

**Before        Income Tax**

**(As        of 01 April 2006)**

**Marlin        & Brusset Associates April 1, 2006 Prices and        Escalations**

|                                            |     |                                                         |                                                 |        |    |                                 |   | Net                  Present Value of Cells |
|-------------------------------------------------|----------|--------------------------------------------------------------|------------------------------------------------------|-------------|---------|--------------------------------------|--------|---------------------------------------------|
|                                            | Average  | ----Company’s                  Interest in Reserves--- | -----------Income                  M$--------------- |
|                                            | Company  | Crude                  Oil                                   | Natural                  Gas                         | NGL’s | Undis   |                                 |
|                                            | Interest | MBbl                                                         | MMcf                                                 | MBbl        | counted | ------------Discounted-------------- |
|                                            | %        | Gross                                                        | Net                                                  | Gross       | Net     | Gross                                | Net    | 0%                                          | 5% | 10% | 12% | 15% | 20% |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| **Proved                  Developed Producing** |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| 00/10-22-025-02                  W4M            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| Viking                  A                       | 95.00    | 0                                                            | 0                                                    | 107         | 54      | 0                                    | 0      | 242                                         | 236 | 230 | 228 | 225 | 220 |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| **Probable                  Developed**         |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| 00/10-22-025-02                  W4M            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| Viking                  A                       | 95.00    | 0                                                            | 0                                                    | 152         | 88      | 0                                    | 0      | 410                                         | 379 | 352 | 342 | 328 | 307 |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| **Proved                  + Probable**          |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |
| Total                                           | 95.00    | 0                                                            | 0                                                    | 260         | 142     | 0                                    | 0      | 652                                         | 615 | 582 | 570 | 553 | 527 |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |

**Quest        Canada**

**Arneson        Area, Alberta**

**Well        List**

|  UWI                  Location |  Operator                           |  WellType |  Pool                     |  Date                  OnProduction |   | Cal.                  Day Oil                  Mar2006BOPD | Cal                  DayOil                  Gas2006MCFPD |   ReserveCategory |
|-------------------------------------|------------------------------------------|----------------|--------------------------------|------------------------------------------|--------|------------------------------------------------------------|-----------------------------------------------------------|-----------------------------|
|                                |
|                                | CONOCOPHILLIPS                  CANADA   |           |                           |                                     |   |                                                       |                                                      |                        |
| W0/04-22-025-02W4/0                 | RESOURCES                  CORP          | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
|                                | TRANSCATION                  OIL AND GAS |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/10-22-025-02W4/0                 | VENTURES                  INC.           | Gas            | VIKING                  A      | 1-Oct-05                  Prod           |   | 0                                                          | 595                                                       | PP+PBD                      |
|                                | M.L                  CASS PETROLEUM      |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/11-22-025-02W4/0                 | CORPORATION                              | Gas            | VIKING                  A      | 1-Oct-78                  Susp           |   | 0                                                          | 0                                                         | NRA                         |
|                                | M.L                  CASS PETROLEUM      |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/06-23-025-02W4-0                 | CORPORATION                              | Gas            | GLAUCONITIC                  A | 14-May-81                  Abnd          |   | 0                                                          | 0                                                         | NRA                         |
|                                | M.L                  CASS PETROLEUM      |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/06-34-025-02W4/0                 | CORPORATION                              | Other          |                           | Abd                  Zone                |   | 0                                                          | 0                                                         | NRA                         |
|                                | M.L                  CASS PETROLEUM      |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/06-34-025-02W4/0                 | CORPORATION                              | Gas            | VIKING                  A      | 1-Nov-83                  Abnd           |   | 0                                                          | 0                                                         | NRA                         |
|                                | TRANSACTION                  OIL AND GAS |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/15-34-025-02W4/0                 | VENTURES                  INC.           | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
| 00/07-01-026-02W4/0                 | PETRODYNE                  LTD           | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
|                                | GEODYNE                  ENERGY          |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/09-02-026-02W4/0                 | PRODUCTION                  INC.         | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
|                                | GEODYNE                  ENERGY          |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/09-02-026-02W4/2                 | PRODUCTION                  INC.         | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
|                                | GEODYNE                  ENERGY          |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/09-02-026-02W4/3                 | PRODUCTION                  INC.         | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
|                                | GEODYNE                  ENERGY          |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/09-02-026-02W4/4                 | PRODUCTION                  INC.         | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
| 00/10-02-026-02W4/0                 | PETRODYNE                  LTD           | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
| 00/09-11-026-02W4/0                 | NAVIGO                  ENERGY INC.      | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
|                                | BP                  CANADA ENERGY        |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/10-11-026-02W4/0                 | COMPANY                                  | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
|                                |                                     |           |                           |                                     |   |                                                       |                                                      |                        |

----

**Arneson,        Alberta**

**Quest        Canada Corp.**

**Summary        of Oil, Gas & Natural Gas Liquids Reserves and Present        Worth**

**Before        Income Tax**

**(As        of 01 April 2006)**

**Marlin        & Brusset Associates April 1, 2006 Prices and        Escalations**

|                                            |     |                                                         |                                                 |        |    |                                 |   | Net                  Present Value of Cells |
|-------------------------------------------------|----------|--------------------------------------------------------------|------------------------------------------------------|-------------|---------|--------------------------------------|--------|---------------------------------------------|
|                                            | Average  | ----Company’s                  Interest in Reserves--- | -----------Income                  M$--------------- |
|                                            | Company  | Crude                  Oil                                   | Natural                  Gas                         | NGL’s | Undis   |                                 |
|                                            | Interest | MBbl                                                         | MMcf                                                 | MBbl        | counted | ------------Discounted-------------- |
|                                            | %        | Gross                                                        | Net                                                  | Gross       | Net     | Gross                                | Net    | 0%                                          | 5% | 10% | 12% | 15% | 20% |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| **Proved                  Developed Producing** |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| 00/10-22-025-02                  W4M            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| Viking                  A                       | 95.00    | 0                                                            | 0                                                    | 107         | 54      | 0                                    | 0      | 242                                         | 236 | 230 | 228 | 225 | 220 |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| **Probable                  Developed**         |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| 00/10-22-025-02                  W4M            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| Viking                  A                       | 95.00    | 0                                                            | 0                                                    | 152         | 88      | 0                                    | 0      | 410                                         | 379 | 352 | 342 | 328 | 307 |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
| **Proved                  + Probable**          |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |
| Total                                           | 95.00    | 0                                                            | 0                                                    | 260         | 142     | 0                                    | 0      | 652                                         | 615 | 582 | 570 | 553 | 527 |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |
|                                            |     |                                                         |                                                 |        |    |                                 |   |                                        |   |   |   |   |   |

----

**Quest        Canada**

**Arneson        Area, Alberta**

**Well        List**

|  UWI                  Location |  Operator                           |  WellType |  Pool                     |  Date                  OnProduction |   | Cal.                  Day Oil                  Mar2006BOPD | Cal                  DayOil                  Gas2006MCFPD |   ReserveCategory |
|-------------------------------------|------------------------------------------|----------------|--------------------------------|------------------------------------------|--------|------------------------------------------------------------|-----------------------------------------------------------|-----------------------------|
|                                |
|                                | CONOCOPHILLIPS                  CANADA   |           |                           |                                     |   |                                                       |                                                      |                        |
| W0/04-22-025-02W4/0                 | RESOURCES                  CORP          | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
|                                | TRANSCATION                  OIL AND GAS |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/10-22-025-02W4/0                 | VENTURES                  INC.           | Gas            | VIKING                  A      | 1-Oct-05                  Prod           |   | 0                                                          | 595                                                       | PP+PBD                      |
|                                | M.L                  CASS PETROLEUM      |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/11-22-025-02W4/0                 | CORPORATION                              | Gas            | VIKING                  A      | 1-Oct-78                  Susp           |   | 0                                                          | 0                                                         | NRA                         |
|                                | M.L                  CASS PETROLEUM      |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/06-23-025-02W4-0                 | CORPORATION                              | Gas            | GLAUCONITIC                  A | 14-May-81                  Abnd          |   | 0                                                          | 0                                                         | NRA                         |
|                                | M.L                  CASS PETROLEUM      |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/06-34-025-02W4/0                 | CORPORATION                              | Other          |                           | Abd                  Zone                |   | 0                                                          | 0                                                         | NRA                         |
|                                | M.L                  CASS PETROLEUM      |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/06-34-025-02W4/0                 | CORPORATION                              | Gas            | VIKING                  A      | 1-Nov-83                  Abnd           |   | 0                                                          | 0                                                         | NRA                         |
|                                | TRANSACTION                  OIL AND GAS |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/15-34-025-02W4/0                 | VENTURES                  INC.           | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
| 00/07-01-026-02W4/0                 | PETRODYNE                  LTD           | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
|                                | GEODYNE                  ENERGY          |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/09-02-026-02W4/0                 | PRODUCTION                  INC.         | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
|                                | GEODYNE                  ENERGY          |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/09-02-026-02W4/2                 | PRODUCTION                  INC.         | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
|                                | GEODYNE                  ENERGY          |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/09-02-026-02W4/3                 | PRODUCTION                  INC.         | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
|                                | GEODYNE                  ENERGY          |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/09-02-026-02W4/4                 | PRODUCTION                  INC.         | Other          |                           | Stand                                    |   | 0                                                          | 0                                                         | NRA                         |
| 00/10-02-026-02W4/0                 | PETRODYNE                  LTD           | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
| 00/09-11-026-02W4/0                 | NAVIGO                  ENERGY INC.      | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
|                                | BP                  CANADA ENERGY        |           |                           |                                     |   |                                                       |                                                      |                        |
| 00/10-11-026-02W4/0                 | COMPANY                                  | Other          |                           | Abnd                                     |   | 0                                                          | 0                                                         | NRA                         |
|                                |                                     |           |                           |                                     |   |                                                       |                                                      |                        |

----

*5        *

**of        April 01, 2006**

**+        **

**Gas        Reserves**
**Method:**
**Underlying        Aquifer:**

|   |                               |  **Pay                  Zone Depth** |                   |                 |                  |                      |                   |                  |                       |            |                 |
|--------|------------------------------------|-------------------------------------------|------------------------|----------------------|-----------------------|---------------------------|------------------------|-----------------------|----------------------------|-----------------|----------------------|
|   |                  **Category** | **Feet                  (KB.)**           | **Porosity**** ** | **Connate****Water** | **Reservoir****Temp** | **Reservoir****Pressure** | **Compres-****Factor** | **Reservoir****Loss** | **Recoverable****Raw Gas** | **Net****Pay**  | **Drainage****Area** |
|   |                               | **Top**                                   | **Base**               | **%**                | **%**                 | **°F**               | **Psia**               |                  | **%**                      | **Mcf/Ac.-Ft.** | **Ft.**              | **Acres** |
|   | PP                                 | 2,374                                     | 2,380                  | 30.0                 | 40                    | 78                        | 963                    | 0.89                  | 50                         | 280.2           | 6.0                  | 200 |
|   | P+P                                | 2,374                                     | 2,380                  | 30.0                 | 40                    | 78                        | 963                    | 0.89                  | 25                         | 420.3           | 6.0                  | 200 |

|         |                                                     | **PP** | **P+P** |
|--------------|----------------------------------------------------------|--------|---------|
| *** *** | **Original                  Recoverable Raw Gas, Mmcf**  | 336    | 504     |
|         | No.                  of Years on Production              | 0.0    | 0.0     |
|         | Cumulative                  Production to April 01, 2006 | 217    | 217     |
|         | Remaining                  Recoverable Raw Gas, Mmcf     | 119    | 287     |
|         | Surface                  Loss, %                         | 5      |  5 |
|         | Remaining                  Recoverable Sales Gas, Mmcf   | 113    | 273     |

| H2S,                  % =                  0.00                                |
|--------------------------------------------------------------------------------|
|                                                                           |
| Heating                  value =                  950                  BTUISCF |

| Net                  pay is based only on the gas bearing interval above a tight streak                  at                  2,384 feet visible in the offsetting 11-22 well. It should be noted                  however, that the gas water contact is approximately 6 feet lower                  and                  there is gas evident below the tight streak. The net pay away from                  the                  well bore could be up to 12 feet. As well, a two point P/Z analysis                  using                  the initial pressure and a second pressure extrapolated from a                  surface                  pressure taken after the well had been shut in for several days                  in** **April                  2006 suggests an OGIP of over 3 Bcf. This PIZ* *however,                  is likely skewed by at least partial pressure support from the                  underlying                  aquifer. In any event ultimate recoveries will be impacted by water                  production which is reflected in this analysis. The Proved **+**Probable                  reserve case assumes a pump jack will be installed to lift water                  once the                  well is incapable of flowing by                  itself. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Natural                  Gas Liquids**             **Ethane**     **Pronane**  **Butane**  **Condensate**     **Total**                                           |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Recoveries,                  Bbls./Mmcf Raw         0.0          0.0      0.0  0.0        0.0                     |
| **Production                  Forecast (Raw)**                           **PP**      **P+P**                                                                                                                                    |
| Production                  Start: 01-Apr-06        Initial                  Forecast Rate, Mcfpd                      650      650                                                                              |
| Decline                  Start               01-Apr-06     01-Apr-06                                                                                                                                   |
| Decline                  Rate, %              80                  Exp  52                  Hyp-Exp                                                                                                                         |
| Economic                  Limit, Mcfpd          30  45                                                                                                                                                                                         |
|                         P+P                  case -  decline                  rate moderates to a final exponential decline rate of 30% per                  year   |
| **Price                  Forecast**               **Gas**                                                                                                                                                                       |
| AB                  spot                                                                                                                                                                                                                                                                         |
| **Operating                  Costs (Gross -****-****2006****$)     $****/WM        ****$/MCF                  Raw        ****M$/Yr**  **Royalty                  Expense**              |
| **           $/MCF                  Raw**                                                                                                                                                                                                           |
|                     2,700        1.00        0                        0.50                                                                                                         |
| Variable                  operating costs include water disposal and are expected to increase                  to                  $1.20/mcf in 2007 and                                                                                                                                                   |
| $1.50/mcf                  in                  2008,                  escalating with inflation thereafter.                                                                                                                                                                                      |
| **Capital                  Costs (Gross****-                  2006 $)**                                                                                                                                                                                                                                    | **Year** | **Expense** | **Category** | **Description** |
|                                                                                                                                                                                                                                                                                                       |   |                  **M$** |   |   |
|                                                                                                                                                                                                                                                                                                       | 2006 | 25 | Tang | Install                  wellhead pumpjack |
|                                                                                                                                                                                                                                                                                                       |   | 30 |   | Abandonment |

| Year                              |                        | --                  Oil                  Production -- | AdjOil                  Price$/Bbl | -----                  Gas                  Sale ----- | AdjGasPrice$/Mcf           | Natural                  Gas Liquids | AdjLiquidsPrice$/Bbl | Co                  RevBeforeBurdensM$ |
|-----------------------------------|-----------------------------|--------------------------------------------------------|------------------------------------|--------------------------------------------------------|----------------------------|--------------------------------------|----------------------|----------------------------------------|
| Gross                  Prod Wells | Gross                  MBb1 | Co                  GrMBb1                             | Co                  NetMBb1        | GrossMMcf                                              | Co                  GrMMcf | Co                  NetMMcf          | GrossMBb1            | Co                  CrMBb1             | Co                  NetMBb1 |
|                              |                        |                                                   |                               |                                                   |                       |                                 |                 |                                   |   |   |   |   |   |   |
| 2006                              | 1.0                         | 0                                                      | 0                                  | 0                                                      | 0.00                       | 90                                   | 86                   | 40                                     | 6.21 | 0 | 0 | 0 | 0.00 | 531 |
| 2007                              | 1.0                         | 0                                                      | 0                                  | 0                                                      | 0.00                       | 23                                   | 22                   | 14                                     | 8.55 | 0 | 0 | 0 | 0.00 | 187 |
| T(2)                              |                        | 0                                                      | 0                                  | 0                                                      |                       | 113                                  | 107                  | 54                                     |   | 0 | 0 | 0 |   | 718 |

| **--------------------------------------------------------------------Company                  Share------------------------------------------------------------------** |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Year    | CrownRoyM$ | AltaRTCrM$ | FHRoyM$ | MinTaxM$ | ORR                  &OtherM$ | ResRoy% | -Operating                  Expeses- | Net                  Proc&                  SulphIncomeM$ | TotalCapitalM$ | OtherNet                  Inc(Exp)M$ | AbdExpM$ | NetRevM$                                      | TotalCumRevM$ |
|---------|------------|------------|---------|----------|-----------------------------------|---------|--------------------------------------|---------------------------------------------------------------|----------------|--------------------------------------|----------|-----------------------------------------------|---------------|
| FixedM$ | VarM$      | TotalM$    |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     |                                          |          |   |   |
| 2006    | 145        | 36         | 0       | 0        | 112                               | 42      | 23                                   | 90                                                            | 113            | 0                                    | 0        | 0                                             | 0             | 198 | 198 |
| 2007    | 21         | 5.3        | 0       | 0        | 40                                | 30      | 29                                   | 28                                                            | 57             | 0                                    | 0        | 0                                             | 29            | 45 | 242 |
| T(2)    | 166        | 42         | 0       | 0        | 152                               | 39      | 52                                   | 118                                                           | 170            | 0                                    | 0        | 0                                             | 29            | 242 |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     |                                          |          |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | **Present                  Worth Before Tax** |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | %                                             | M$            |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 5.0                                           | 236           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 8.0                                           | 233           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 10.0                                          | 230           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 12.0                                          | 228           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 15.0                                          | 225           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 18.0                                          | 222           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 20.0                                          | 220           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 25.0                                          | 216           |   |   |

**Quest        Canada Corp.**

**Forecast        of Production, Revenue and Present Worth**

**Before        Income Tax**

**(As        of 01 April 2006; Start 01 April 2006)**

**Martin        & Brusset Associates April 1, 2006 Prices and        Escalations**

**Arneson        Alberta, Proved Producing + Probable**

**00/10-22-025-02        W4M, Viking A**

**95%        **
**Revenue        Interest subj. to new crown + 23% GORR, Capital WI 100%**

| Year                              |                        | --                  Oil                  Production -- | AdjOil                  Price$/Bbl | -----                  Gas                  Sale ----- | AdjGasPrice$/Mcf           | Natural                  Gas Liquids | AdjLiquidsPrice$/Bbl | Co                  RevBeforeBurdensM$ |
|-----------------------------------|-----------------------------|--------------------------------------------------------|------------------------------------|--------------------------------------------------------|----------------------------|--------------------------------------|----------------------|----------------------------------------|
| Gross                  Prod Wells | Gross                  MBb1 | Co                  GrMBb1                             | Co                  NetMBb1        | GrossMMcf                                              | Co                  GrMMcf | Co                  NetMMcf          | GrossMBb1            | Co                  CrMBb1             | Co                  NetMBb1 |
|                              |                        |                                                   |                               |                                                   |                       |                                 |                 |                                   |   |   |   |   |   |   |
| 2006                              | 1.0                         | 0                                                      | 0                                  | 0                                                      | 0.00                       | 104                                  | 99                   | 46                                     | 6.33 | 0 | 0 | 0 | 0.00 | 626 |
| 2007                              | 1.0                         | 0                                                      | 0                                  | 0                                                      | 0.00                       | 82                                   | 78                   | 44                                     | 8.55 | 0 | 0 | 0 | 0.00 | 668 |
| 2008                              | 1.0                         | 0                                                      | 0                                  | 0                                                      | 0.00                       | 48                                   | 46                   | 28                                     | 7.36 | 0 | 0 | 0 | 0.00 | 337 |
| 2009                              | 1.0                         | 0                                                      | 0                                  | 0                                                      | 0.00                       | 28                                   | 27                   | 18                                     | 6.65 | 0 | 0 | 0 | 0.00 | 178 |
| 2010                              | 1.0                         | 0                                                      | 0                                  | 0                                                      | 0.00                       | 11                                   | 10                   | 6.9                                    | 6.27 | 0 | 0 | 0 | 0.00 | 64 |
|                              |                        |                                                   |                               |                                                   |                       |                                 |                 |                                   |   |   |   |   |   |   |
| T(                  5)            |                        | 0                                                      | 0                                  | 0                                                      |                       | 273                                  | 260                  | 142                                    |   | 0 | 0 | 0 |   | 1872 |

| **--------------------------------------------------------------------Company                  Share---------------------------------------------------------------** |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Year    | CrownRoyM$ | AltaRTCrM$ | FHRoyM$ | MinTaxM$ | ORR                  &OtherM$ | ResRoy% | -Operating                  Expeses- | Net                  Proc&                  SulphIncomeM$ | TotalCapitalM$ | OtherNet                  Inc(Exp)M$ | AbdExpM$ | NetRevM$                                      | TotalCumRevM$ |
|---------|------------|------------|---------|----------|-----------------------------------|---------|--------------------------------------|---------------------------------------------------------------|----------------|--------------------------------------|----------|-----------------------------------------------|---------------|
| FixedM$ | VarM$      | TotalM$    |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     |                                          |          |   |   |
| 2006    | 176        | 44         | 0       | 0        | 132                               | 42      | 23                                   | 104                                                           | 127            | 0                                    | 25       | 0                                             | 0             | 210 | 210 |
| 2007    | 132        | 33         | 0       | 0        | 144                               | 36      | 31                                   | 101                                                           | 132            | 0                                    | 0        | 0                                             | 0             | 293 | 503 |
| 2008    | 48         | 12         | 0       | 0        | 72                                | 32      | 32                                   | 75                                                            | 107            | 0                                    | 0        | 0                                             | 0             | 122 | 624 |
| 2009    | 19         | 4.7        | 0       | 0        | 38                                | 29      | 33                                   | 45                                                            | 78             | 0                                    | 0        | 0                                             | 0             | 49 | 673 |
| 2010    | 5.3        | 1.3        | 0       | 0        | 13                                | 27      | 19                                   | 17                                                            | 37             | 0                                    | 0        | 0                                             | 31            | -21 | 652 |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     |                                          |          |   |   |
| T(2)    | 380        | 95         | 0       | 0        | 398                               | 36      | 139                                  | 342                                                           | 481            | 0                                    | 25       | 0                                             | 31            | 652 |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     |                                          |          |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | **Present                  Worth Before Tax** |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | %                                             | M$            |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 5.0                                           | 615           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 8.0                                           | 595           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 10.0                                          | 582           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 12.0                                          | 570           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 15.0                                          | 553           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 18.0                                          | 537           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 20.0                                          | 527           |   |   |
|    |       |       |    |     |                              |    |                                 |                                                          |           |                                 |     | 25.0                                          | 504           |   |   |

----

**Constant        Price Evaluation**

**Quest        Canada Corp.**

**Summary        of Oil, Gas & Natural Gas Liquids Reserves and Present        Worth**

**Before        Income Tax**

**(As        of 01 April 2006)**

**Martin        & Brusset Associates April 1, 2006 Constant Prices and Unescalated Costs**

|                               |                           |   |                             |     |            |   |          |    |                         |             |   |       |
|------------------------------------|--------------------------------|--------|----------------------------------|----------|-----------------|--------|---------------|---------|------------------------------|------------------|--------|------------|
|                               |                           |   |                             |     |            |   |          |    |                         |             |   |       |
|                               |                           |   |                             |     |            |   | Net           | Present | Value                        | of               | Net    | Production |
| -                  Company’s | Interest                       | In     | Well                             | Reserves | --------        |   | ----------    | ----    | --Income                  M$ | -------------    | -----  | -----      |
|                               | Crude                  OilMBbl |   | Natural                  GasMMcf |     | NGL’sMBbl |   | Undis-Counted |    |                         |  Discounted |   |       |
|                               | Gross                          | Net    | Gross                            | Net      | Gross           | Net    | 0%            | 5%      | 10%                          | 12%              | 15%    | 20%        |
|                               |                           |   |                             |     |            |   |          |    |                         |             |   |       |
|                               |                           |   |                             |     |            |   |          |    |                         |             |   |       |
| Proved                  Developed  |                           |   |                             |     |            |   |          |    |                         |             |   |       |
| Producing                          | 0                              | 0      | 107                              | 56       | 0               | 0      | 206           | 202     | 198                          | 197              | 195    | 192        |
|                               |                           |   |                             |     |            |   |          |    |                         |             |   |       |
| Probable                           |                           |   |                             |     |            |   |          |    |                         |             |   |       |
| Developed                          | 0                              | 0      | 152                              | 85       | 0               | 0      | 275           | 254     | 235                          | 228              | 219    | 204        |
|                               |                           |   |                             |     |            |   |          |    |                         |             |   |       |
| Proved                  +          |                           |   |                             |     |            |   |          |    |                         |             |   |       |
| Probable                           | 0                              | 0      | 260                              | 141      | 0               | 0      | 482           | 456     | 434                          | 425              | 414    | 396        |

| **Detailed** | **Summaries**      |                                                          |
|--------------|--------------------|---------------------------------------------------------------|
|         | ·   | Area                  Summary                                 |
|         |               |                                                          |
|         |               |                                                          |
| **Total**    | **Forecasts**      |                                                          |
|         | ** **1.       | Alberta                  Totals, Before Income Taxes          |
|         |               | ·  Proved                  Developed Producing |
|         |               | ·  Probable                  Developed         |
|         |               | ·  Proved                  + Probable          |

**Area        Summary**

**Quest        Canada Corp.**

**Summary        of Oil, Gas & Natural Gas Liquids Reserves and Present        Worth**

**Before        Income Tax**

**(As        of 01 April 2006)**

**Martin        & Brusset Associates April 1, 2006 Constant Prices and Unescalated        Costs**

|                                        |        |                           |     |                             |            |    |    |          | Net       | Present     | Value      | Of                  Net | Production     |
|---------------------------------------------|-------------|--------------------------------|----------|----------------------------------|-----------------|---------|---------|---------------|-----------|-------------|------------|-------------------------|----------------|
|                                        | Average     | Company’s                | Interest | In                               | Reserves        |    |    |          |      |        |       |                    |           |
|                                        | Company     | Crude                  OilMBbl |     | Natural                  GasMMcf | NGL’sMBbl |    |    | Undis-counted |      |        |       |                    |           |
|                                        | Interest    |                           |     |                             |            |    |    |          | **----**  | **-------** | Discounted | **----**                | **----------** |
|                                        | %           | Gross                          | Net      | Gross                            | Net             | Gross   | Net     | 0%            | 5%        | 10%         | 12%        | 15%                     | 20%            |
|                                        |        |                           |     |                             |            |    |    |          |      |        |       |                    |           |
|                                        |        |                           |     |                             |            |    |    |          |      |        |       |                    |           |
| Arneson,Alberta                             |        |                           |     |                             |            |    |    |          |      |        |       |                    |           |
|                                        |        |                           |     |                             |            |    |    |          |      |        |       |                    |           |
| Proved                  ProbableProducing   |  95.00 |  0                        |  0  |  107                        |  56        |  0 |  0 |  206     |  202 |  198   |  197  |  195               |  192      |
|                                        |        |                           |     |                             |            |    |    |          |      |        |       |                    |           |
| Probable                  Development       |  95.00 |  0                        |  0  |  152                        |  85        |  0 |  0 |  275     |  254 |  235   |  228  |  219               |  204      |
|                                        |        |                           |     |                             |            |    |    |          |      |        |       |                    |           |
| Proved                  + ProbableDeveloped |  95.00 |  0                        |  0  |  260                        |  141       |  0 |  0 |  482     |  456 |  434   |  425  |  414               |  396      |

**Quest        Canada Corp.**

**Total          Forecast of Production, Revenue and Present Worth**

**Before          Income Tax**

**As          of 01 April 2006**
**Martin          & Brusset Associates April 1, 2006 Constant Prices and Unescalated          Costs**

| **Arneson,                    Alberta**            |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |
|----------------------------------------------------|-------------|-----------|--------------------------|--------|------------------------------|---------------|--------------------------|---------------|-----------|--------------------------------|----------------------------------------|----------------------------|---------------|
| **Proved                    Developed, Producing** |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |   |   |
|                                               |        |      |                     |   | Adj.                         |          |                     |          | Adj.      |                           |                                   |                       | Adj.          | Co                    Rev |   |
|                                               |  Gross |  Oil |  Production         |   |  Oil                    |  ------- | GasSales                 |  ------- |  Gas |                           | Natural                    Gas Liquide |                       |  Liquide |  Before |   |
| Year                                               | Prod        | Gross     | Co                    Gr | CoNet  | Price                        | Gross         | Co                    Gr | CoNet         | Price     | Gross                          | Co                    Gr               | CoNet                      | Price         | Burdens |   |
|                                               | Wells       | MBbl      | MBbl                     | MBbl   | $/Bbl                        | MMcf          | MMcf                     | MMcf          | $/Mcf     | MBbl                           | MBbl                                   | MBbl                       | $/Bbl         | M$ |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |   |   |
| 2006                                               | 1.0         | 0         | 0                        | 0      | 0.00                         | 90            | 86                       | 42            | 6.10      | 0                              | 0                                      | 0                          | 0.00          | 522 |   |
| 2007                                               | 1.0         | 0         | 0                        | 0      | 0.00                         | 23            | 22                       | 14            | 6.10      | 0                              | 0                                      | 0                          | 0.00          | 133 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |   |   |
| T                    (2)                           |        | 0         | 0                        | 0      |                         | 113           | 107                      | 56            |      | 0                              | 0                                      | 0                          |          | 655 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |   |   |
| ---------                                          | ----        | ----      | --------                 | -----  | ----                         | Company       | Share                    | ----          | ----      | ----                           | -----                                  | -----                      | ------        | ------ |   |
|                                               |        |      |                     |   |                         |          |                     |          |      | Net.Proc                       |                                   | Other                      |          |   | Total |
|                                               | Crown       | Alta      | FH                       | Min    | ORR                    & | Res           | Oper                     | ating         | expense   | &                    Sulph | Total                                  | Net                    Inc | Abd           | Net | Cum |
| Year                                               | Roy         | RTCr      | Roy                      | Tax    | Other                        | Roy           | Fixed                    | Var           | Total     | Income                         | Capital                                | (Exp)                      | Exp           | Rev | Rev |
|                                               | M$          | M$        | M$                       | M$     | M$                           | %             | M$                       | M$            | M$        | M$                             | M$                                     | M$                         | M$            | M$ | M$ |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |   |   |
| 2006                                               | 135         | 34        | 0                        | 0      | 110                          | 40            | 23                       | 90            | 113       | 0                              | 0                                      | 0                          | 0             | 198 | 198 |
| 2007                                               | 16          | 4.0       | 0                        | 28     | 30                           | 28            | 28                       |          | 56        | 0                              | 0                                      | 0                          | 28            | 8.9 | 206 |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |   |   |
| T                    (                    2)       | 151         | 38        | 0                        | 0      | 138                          | 38            | 51                       | 118           | 169       | 0                              | 0                                      | 0                          | 28            | 206 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |   |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | Present                    | Worth         | Before | Tax |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | %                          |          | M$ |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   |                       |          |   |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | 5.0                        |          | 202 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | 8.0                        |          | 200 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | 10.0                       |          | 198 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | 12.0                       |          | 197 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | 15.0                       |          | 195 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | 18.0                       |          | 193 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | 20.0                       |          | 192 |   |
|                                               |        |      |                     |   |                         |          |                     |          |      |                           |                                   | 25.0                       |          | 188 |   |

**Quest          Canada Corp.**

**Total          Forecast of Production, Revenue and Present Worth**

**Before          Income Tax**

**As          of 01 April 2006**

**Martin          & Brusset Associates April 1, 2006 Constant Prices and Unescalated          Costs**

**Arneson,          Alberta**

**Probable          Developed**

|   |    |   |                              |    | Adj      |    |                         |                                 | Adj     |                        |                     |                       | Adj       | Adj                          |   |
|--------|---------|--------|-----------------------------------|---------|----------|---------|------------------------------|--------------------------------------|---------|-----------------------------|--------------------------|----------------------------|-----------|------------------------------|--------|
|   | Gross   | --     | Oil                    Production | --      | Oil      | ---     | Gas                    Sales | ---                                  | Gas     | Natural                     | Gas                      | Liquids                    | Liquids   | Before                       |   |
| Year   | Prod    | Gross  | Co                    Gr          | CoNet   | Price    | Gross   | Co                    Gr     | CoNet                                | Price   | Gross                       | Co                    Gr | Co                    Net  | Price     | Burdens                      |   |
|   | Wells   | MBbl   | MBbl                              | MBbl    | $/Bbl    | MMcf    | MMcf                         | MMcf                                 | $/Mcf   | MBbl                        | MBbl                     | MBbl                       | $/Bbl     | M$                           |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     |                       |      |                         |   |
| 2006   | 0       | 0      | 0                                 | 0       | 0.00     | 14      | 13                           | 5.1                                  | 6.10    | 0                           | 0                        | 0                          | 0.00      | 81                           |   |
| 2007   | 0       | 0      | 0                                 | 0       | 0.00     | 59      | 56                           | 28                                   | 6.10    | 0                           | 0                        | 0                          | 0.00      | 343                          |   |
| 2008   | 1.0     | 0      | 0                                 | 0       | 0.00     | 48      | 46                           | 28                                   | 6.10    | 0                           | 0                        | 0                          | 0.00      | 279                          |   |
| 2009   | 1.0     | 0      | 0                                 | 0       | 0.00     | 28      | 27                           | 17                                   | 6.10    | 0                           | 0                        | 0                          | 0.00      | 163                          |   |
| 2010   | 1.0     | 0      | 0                                 | 0       | 0.00     | 11      | 10                           | 6.8                                  | 6.10    | 0                           | 0                        | 0                          | 0.00      | 62                           |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     |                       |      |                         |   |
| T(2)   |    | 0      | 0                                 | 0       |     | 160     | 152                          | 85                                   |    | 0                           | 0                        | 0                          |      | 929                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     |                       |      |                         |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     |                       |      |                         |   |
|   | ------- | ------ | ------------                      | ------- | ------   | Company | Shares                       | ------                               | ------  | ---------                   | -------                  | ---------                  | --------- | ----------                   |   |
|   |    |   |                              |    |     |    |                         |                                 |    | Net                    Proc |                     |                       |      |                         | Total  |
|   | Crown   | Alta   | FH                                | Min     | ORR& | Res     | -------                      | Operating                    Expense | ------- | &Sulph                  | Total                    | Net                    Inc | Adb       | Net                          | Cum    |
| Year   | Roy     | RTCr   | Roy                               | Tax     | Other    | Roy     | Fixed                        | Var                                  | Total   | Income                      | Capital                  | (Exp)                      | Exp       | Rev                          | Rev    |
|   | M$      | M$     | M$                                | M$      | M$       | %       | M$                           | M$                                   | M$      | M$                          | M$                       | M$                         | M$        | M$                           | M$     |
| 2006   | 29      | 7.2    | 0                                 | 0       | 17       | 48      | 0                            | 14                                   | 14      | 0                           | 25                       | 0                          | 0         | 3.6                          |   |
| 2007   | 84      | 21     | 0                                 | 0       | 72       | 39      | 2.6                          | 71                                   | 74      | 0                           | 0                        | 0                          | -28       | 163                          |   |
| 2008   | 43      | 11     | 0                                 | 0       | 59       | 33      | 31                           | 72                                   | 103     | 0                           | 0                        | 0                          | 0         | 85                           |   |
| 2009   | 19      | 4.7    | 0                                 | 0       | 34       | 30      | 31                           | 42                                   | 73      | 0                           | 0                        | 0                          | 0         | 42                           |   |
| 2010   | 5.7     | 1.4    | 0                                 | 0       | 13       | 28      | 18                           | 16                                   | 34      | 0                           | 0                        | 0                          | 28        | -18                          | 275    |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     |                       |      |                         |   |
| T(2)   | 181     | 45     | 0                                 | 0       | 195      | 36      | 82                           | 216                                  | 0       | 0                           | 25                       | 0                          | 0         | 275                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | Frequent%                  | Worth     | Before                    M$ | Tax    |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | 5.0                        |      | 254                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | 8.0                        |      | 242                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | 10.0                       |      | 235                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | 12.0                       |      | 228                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | 15.0                       |      | 219                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | 18.0                       |      | 210                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | 20.0                       |      | 204                          |   |
|   |    |   |                              |    |     |    |                         |                                 |    |                        |                     | 25.0                       |      | 191                          |   |

**Quest          Canada Corp.**

**Total          Forecast of Production, Revenue and Present Worth**

**Before          Income Tax**

**As          of 01 April 2006**

**Martin          & Brusset Associates April 1, 2006 Constant Prices and Unescalated          Costs**

**Arneson,          Alberta**

**Proved          + Probable, Developed**

|   |    |    |                     |           | Adj    |    |                     |     | Adj     |      |                     |      | Adj       | Co                    Rev |
|--------|---------|---------|--------------------------|----------------|--------|---------|--------------------------|----------|---------|-----------|--------------------------|-----------|-----------|---------------------------|
|   | Gross   | --      | Oil                      | Production--   | Oil    | ---     | Gas                      | Sales--- | Gas     | Natural   | Gas                      | Liquids   | Liquids   | Before                    |
| Year   | Prod    | Gross   | Co                    Gr | CoNet          | Price  | Gross   | Co                    Gr | CoNet    | Price   | Gross     | Co                    Gr | CoNet     | Price     | Burdens                   |
|   | Wells   | MBbl    | MBbl                     | MBbl           | $/Bbl  | MMcf    | MMcf                     | MMcf     | $/Mcf   | MBbl      | MBbl                     | MBbl      | $/Bbl     | M$                        |
| 2006   | 1.0     | 0       | 0                        | 0              | 0.00   | 104     | 99                       | 47       | 6.10    | 0         | 0                        | 0         | 0.00      | 603                       |
| 2007   | 1.0     | 0       | 0                        | 0              | 0.00   | 82      | 78                       | 42       | 6.10    | 0         | 0                        | 0         | 0.00      | 476                       |
| 2008   | 1.0     | 0       | 0                        | 0              | 0.00   | 48      | 46                       | 28       | 6.10    | 0         | 0                        | 0         | 0.00      | 279                       |
| 2009   | 1.0     | 0       | 0                        | 0              | 0.00   | 28      | 27                       | 17       | 6.10    | 0         | 0                        | 0         | 0.00      | 163                       |
| 2010   | 1.0     | 0       | 0                        | 0              | 0.00   | 11      | 10                       | 6.8      | 6.10    | 0         | 0                        | 0         | 0.00      | 62                        |
|   |    |    |                     |           |   |    |                     |     |    |      |                     |      |      |                      |
| T(2)   |    | 0       | 0                        | 0              |   | 273     | 260                      | 141      |    | 0         | 0                        | 0         | 0.00      | 1584                      |
|   |    |    |                     |           |   |    |                     |     |    |      |                     |      |      |                      |
|   |    |    |                     |           |   |    |                     |     |    |      |                     |      |      |                      |
| ------ | ------- | ------- | -------                  | -------------- | ------ | ------- | Company                  | Sales    | ------- | --------- | -------                  | --------- | --------- | ----------                |

|   |   |   |   |   |     |   |    |                                 |    | Net                    Proc |    | Other                      |   |   | Total  |
|--------|--------|--------|--------|--------|----------|--------|---------|--------------------------------------|---------|-----------------------------|---------|----------------------------|--------|--------|--------|
|   | Crown  | Alta   | FH     | Min    | ORR& | Res    | ------- | Operating                    Expense | ------- | &Sulph                  | Total   | Net                    Inc | Adb    | Net    | Cum    |
| Year   | Roy    | RTCr   | Roy    | Tax    | Other    | Roy    | Fixed   | Var                                  | Total   | Income                      | Capital | (Exp)                      | Exp    | Rev    | Rev    |
|   | M$     | M$     | M$     | M$     | M$       | %      | M$      | M$                                   | M$      | M$                          | M$      | M$                         | M$     | M$     | M$     |
|   |   |   |   |   |     |   |    |                                 |    |                        |    |                       |   |   |   |
| 2006   | 164    | 41     | 0      | 0      | 127      | 41     | 23      | 104                                  | 127     | 0                           | 25      | 0                          | 0      | 201    | 201    |
| 2007   | 100    | 25     | 0      | 0      | 100      | 37     | 31      | 99                                   | 129     | 0                           | 0       | 0                          | 0      | 172    | 373    |
| 2008   | 43     | 11     | 0      | 0      | 59       | 33     | 31      | 72                                   | 103     | 0                           | 0       | 0                          | 0      | 85     | 458    |
| 2009   | 19     | 4.7    | 0      | 0      | 34       | 30     | 31      | 42                                   | 73      | 0                           | 0       | 0                          | 0      | 42     | 500    |
| 2010   | 5.7    | 1.4    | 0      | 0      | 13       | 28     | 18      | 16                                   | 34      | 0                           | 0       | 0                          | 28     | -18    | 482    |
|   |   |   |   |   |     |   |    |                                 |    |                        |    |                       |   |   |   |
| T(5)   | 332    | 83     | 0      | 0      | 333      | 37     | 133     | 333                                  | 467     | 0                           | 25      | 0                          | 28     | 482    |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    |                       |   |   |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | Present                    | Worth  | Before | Tax    |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | %                          |   | M$     |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | 5.0                        |   | 456    |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | 8.0                        |   | 442    |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | 10.0                       |   | 434    |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | 12.0                       |   | 425    |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | 15.0                       |   | 414    |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | 18.0                       |   | 403    |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | 20.0                       |   | 396    |   |
|   |   |   |   |   |     |   |    |                                 |    |                        |    | 25.0                       |   | 380    |   |

----

| Ac.Ft.                                          | acre-feet                                                    |
|-------------------------------------------------|--------------------------------------------------------------|
| Ac.Por.Ft.                                      | Acre-porosity                      feet                      |
| AEUB                                            | Alberta                      Energy Utilities Board          |
| AOF                                             | absolute                      open flow                      |
| APO                                             | after                      payout                            |
| ARTC                                            | Alberta                      Royalty Tax Credit              |
| Bbls.                                           | barrels                                                      |
| BCF                                             | billion                      cubic feet                      |
| BOE                                             | barrels                      of oil equivalent (to gas)      |
| BOPAC                                           | barrels                      of oil per actual day           |
| BOPCD                                           | barrels                      of oil per calendar day         |
| BOPD                                            | barrels                      of oil per day                  |
| BOPM                                            | barrels                      of oil per month                |
| BPAF                                            | barrels                      per acre-foot                   |
| BPD                                             | barrels                      per day                         |
| BPM                                             | barrels                      per month                       |
| BPO                                             | before                      payout                           |
| BTU                                             | British                      thermal unit                    |
| BWPD                                            | barrels                      of water per day                |
| CCA                                             | Capital                      Cost Allowance                  |
| CDE                                             | Canadian                      Development Expense            |
| CEE                                             | Canadian                      Exploration Expense            |
| COGPE                                           | Canadian                      Oil & Gas Property Expense |
| COND                                            | condensate                                                   |
| Cr.                      Or C                   | Crown                                                        |
| D                      & A                  | dry                      & abandoned                     |
| DCQ                                             | daily                      contract quantity                 |
| C                                               | degrees,                      Celsius                        |
| F                                               | degrees,                      Fahrenheit                     |
| DST                                             | drill                      stem test                         |
| DSU                                             | drilling                      spacing unit                   |
| EUB                                             | Energy                      Utilities Board                  |
| FH                                              | freehold                      royalty                        |
| GCA                                             | gas                      cost allowance                      |
| GOR                                             | gas-oil                      ratio                           |
| GORR                                            | gross                      overriding royalty                |
| ha                                              | hectares                                                     |
| kPa                                             | Kilopascals                                                  |
| LPG                                             | liquid                      petroleum gas                    |
| LT                                              | long                      tonnes                             |
| m3                                              | Cubic                      meters                            |
| M                                               | thousands                                                    |
| M                      $                        | thousands                      of dollars                    |
| MBbls.                                          | thousands                      of barrels                    |
| MMBTU                                           | million                      British thermal units           |
| MCF                                             | thousand                      cubic feet                     |
| MCFPD                                           | thousand                      cubic feet per day             |
| MMCF                                            | million                      cubic feet                      |
| MMCFPD                                          | million                      cubic feet per day              |
| MPR                                             | maximum                      permissive rate                 |
| MRL                                             | maxinuun                      rate limitation                |
| MSTB                                            | thousand                      stock tank barrels             |
| NC                                              | new                      Crown royalty                       |
| NCI                                             | net                      carried interest                    |
| NCL                                             | NaturalGas                      Clearinghouse Limited        |
| NG                                              | natural                      gas                             |
| NGL                                             | natural                      gas liquids                     |
| NPI                                             | net                      profits interest                    |
| OC                                              | old                      Crown royalty                       |
| ORRI                                            | overriding                      royalty interest             |
| P.A.                                            | Pan                      Alberta Gas Ltd.                    |
| P                      +                      P | proved                      plus probable                    |
| P.                      & N. G.             | petroleum                      and natural gas               |
| PDP                                             | proved                      developed producing              |
| PDNP                                            | proved                      developed non-prodncing          |
| PU                                              | proved                      undeveloped                      |
| PSU                                             | production                      spacing unit                 |
| PVT                                             | pressure-volume-temperature                                  |
| PSIA                                            | pounds                      per square inch absolute         |
| PSIG                                            | pounds                      per square inch guage            |
| RGPC                                            | royalty                      gas processing charge           |
| RI                                              | royalty                      interest                        |
| SCF                                             | standard                      cubic feet                     |
| SSR                                             | sliding                      scale royalty                   |
| STB                                             | stock                      tank barrels                      |
| TCGS                                            | TransCanada                      Gas Services                |
| TCPL                                            | TransCanada                      Pipelines Limited           |
| WI                                              | working                      interest                        |
| WOR                                             | water-oil                      ratio                         |
| WC                                              | water-cut                                                    |