Of PetroFrontier?s lands in Georgina Basin (Source: Ryder Scott...

Of PetroFrontier?s lands in Georgina Basin (Source: Ryder Scott Company 2009 & 2010)
Un-Risked, Undiscovered, Hydrocarbon Resources
15
Conventional and
Unconventional
Resources
Un-risked Undiscovered Original Oil in
Place Expressed in Millions of Barrels
Un-risked Prospective (Recoverable) Oil
Resources Expressed in Millions of
Barrels
Gross Lands Low (P90) Best (P50) High (P10) Low (P90) Best (P50) High (P10)
Steamboat Sandstone(1) 716 1,314 2,104 73 146 266
Thorntonia Formation(1) 8,509 14,031 22,166 1,316 2,293 3,850
EP 103 & 104 Shale(2) 137,229 192,190 257,899 8,879 18,883 27,799
EP 127 & 128 Shale(2) 54,758 76,649 102,908 4,850 7,535 11,093
Total 201,215 284,185 385,080 15,119 28,850 43,006
(1) At the date this presentation the Ryder Scott Nov. 2010 report had not yet included the updated numbers for the conventional Steamboat Sandstone or
Thorntonia Formation therefore we are showing the Ryder Scott Sep. 2009 numbers which are not expected to change materially.
(2) At the date of this presentation the Ryder Scott Nov. 2010 report evaluated all of PetroFrontier?s unconventional shale resource for all PetroFrontier?s lands.
? None of the prospects have been penetrated by wells and have therefore been classified as ?undiscovered? prospective.
? PFC?s net working interest in EP 103 and 104 is 50% and in EP 127 and 128 its 75%. These Gross resources must be multiplyby PFC?s working interest to
calculate PFC?s net resources.
? The Report on the hydrocarbon resource potential of the Georgina Basin describes a possible distribution of the unrisked prospective (recoverable) portion of
unrisked ?Undiscovered in-place Resources,? as defined by the Canadian Oil and Gas Evaluation Handbook (COGEH) and does not represent an estimate of
reserves or contingent resources. The Report has been prepared in accordance with the Canadian standards set out in the COGEH and is compliant with