Ann: Montney Gas and Condensate Re-testing Program to Commence, page-29

this is important too...

quote>>The potential upside of this testing is that the Upper Montney zone on the Calima lands is viewed as a
condensate bearing zone and could provide the Company with incremental reserves that are not currently
recognized in its Resource Report (see table below). Higher condensate test rates and related reserves have the
potential to make the Calima Montney project more valuable and puts Calima in a position to benefit from not
only high natural gas prices, but also high condensate prices.

the current ce1 montney resource of 160M boe only has a small allowance for condy because the wells didnt run long enough to confirm more

ce1 estimates of condy from the saturation in vertical well suggest final condy rates will be about double what is currently in the resource

if the wells flow condy well as expected, the current resource of 160M boe will be increased to about 200M boe, with an increase in the higher value condy
and similar ~20% increases to prospective and other leases