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Investor Presentaiton

Disclaimer cont'd None of the Company or its advisers or representatives, including the relevant Identified Persons, accept any obligation to update any forward-looking statements set forth herein or to adjust them to future events or developments. Further, this presentation contains market, price and performance data which have been obtained from Company and public sources. The Company reasonably believes that such information is accurate as of the date of this presentation. The information contained in this document has not been independently verified and no Nothing in this dorepresentation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein.cument constitutes or should be relied upon by a recipient or its advisors as a promise or representation as to the future or as to past or future performance. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these statements and forecasts. Past performance of the Company is not necessarily indicative of and cannot be relied on as a guide to future performance. No statement in this document or any related materials or given at this presentation is intended as a profit forecast or a profit estimate and no statement in this document or any related materials or given at this presentation should be interpreted to mean that earnings per share for the current or future financial periods would necessarily match or exceed historical published earnings per share. As a result, you are cautioned not to place any undue reliance on such forward-looking statements. The Company reserves the right to terminate discussions with any recipient in its sole and absolute discretion at any time and without notice. No person is authorised to give any information or to make any representation not contained in and not consistent with this document and any such information or representation must not be relied upon and has not been authorised by or on behalf of the Company. If this document is given in conjunction with an oral presentation, it should not be taken out of context. In this presentation, the Company has provided information with respect to certain resource information that is based on oil discovery information for lands surrounding its properties which is "analogous information" as defined applicable securities laws. This analogous information is derived from publicly available information sources which the Company believes are predominantly independent in nature. However, the Company cannot guarantee that such information was independently prepared. In addition, some of this data may not have been prepared by qualified reserves evaluators or auditors and the preparation of any estimates may not be in strict accordance with Canadian Oil & Gas Evaluation Handbook. Regardless, estimates by engineering and geo-technical practitioners may vary and the differences may be significant. The Company believes that the provision of this analogous information is relevant to the Company's activities, given its acreage position and operations (either ongoing or planned) in the area in question, however, readers are cautioned that there is no certainty that any of the development on the Company's properties will be successful to the extent in which operations on the lands in which the analogous information is derived from were successful, or at all. Barrel of oil equivalent ("BOE") amounts may be misleading, particularly if used in isolation. A BOE conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel. This conversion ratio of six thousand cubic feet of natural gas to one barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In this presentation, the Company has referred to OOIP, meaning original oil in place and original gas in place, respectively, which are hereinafter collectively called "discovered petroleum initially-in-place". Discovered petroleum initially-in-place is the quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations prior to production. The recoverable portion of discovered petroleum-in-place includes production, reserves and contingent resources; the remainder is unrecoverable. A recovery project cannot be defined for these volumes of discovered petroleum initially-in-place at this time. There is no certainty that it will be commercially viable to produce any portion of the resources. Additionally, in respect of the prospective resources disclosed in this presentation, there is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. By attending this presentation and/or accepting a copy of this document and/or any related materials, you agree to be bound by the foregoing provisions, limitations and conditions and, in particular, you have represented, warranted and undertaken that: (i) you have read and agree to comply with the contents of this disclaimer including, without limitation the obligation to keep the information given at the presentation and this document and its contents confidential; and (ii) you will not at any time have any discussion, correspondence or contact concerning the information given at the presentation and/or in this document with any of the directors or employees of the Company or its subsidiaries nor with any of its suppliers, or any governmental or regulatory body without the prior written consent of the Company. COPL All dollar amounts in this document are in United States Dollars unless otherwise stated 3
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