Investor Presentaiton

Volume of Gas Flared (106 m³) CANADA-NEWFOLINDLAND and LABRADOR OFFSHORE PETROLEUM BOARD Offshore Newfoundland and Labrador Gas Flaring Reduction and Achievement Flared Gas Yearly Cumulative Totals And Daily Average Oil Produced 900,000 810,000 720,000 630,000 540,000 450,000 360,000 270,000 180,000 70,000 63,000 56,000 49,000 42,000 35,000 28,000 21,000 14,000 90,000 7,000 0 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Hibernia Terra Nova White Rose Daily Average Oil Produced Daily Average Oil Production (m 3/d)

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