Investor Presentaiton

The Weyburn-Midale CO2-EOR Projects in Canada (1) Regina Weyburn Saskatchewan Montana Thousands bbl/d 50 40 30 20 10 Manitoba Estevan CANADA USA North Dakota Bismarck Beulah Enhanced oil production at Weyburn Base Waterflood Production Incromontal Vertical Production Incremental Horizontal Production Incremental Miscible Flood Production CO₂ 0- 1955 1965 1975 1985 1995 2005 2015 2025 CO₂ and water recycled CO₂ to Uli Bank Drive Water Water Miscible Zone Additional Oil Recory 14 24 Oil to Market Statoil Hydro

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