Investor Presentaiton

TMK Canadian Oil Sands Three Major Oil Sands Deposits Peace River Deposit Athabasca Deposit Calgary Cold Lake Deposit Canadian Oil Sands - Fast Facts ■ Around 170 billion of Oil Sands reserves Potential for over 100 years of production Mining - less than 200 feet deep: 20% of reserves Drilling more than 200 feet deep: 80% of reserves Canada: 21% of U.S. oil imports in 2009, 37% - in 2035F. About half of the Canadian Crude Oil imports come from Oil Sands. By 2025, production from Canadian Oil Sands is expected to rise from about 1.4 million barrels per day to about 3.5 million barrels per day 0 Most new oil sands projects are thought to be profitable at oil prices U.S.$65 U.S.$75 per barrel Source: Canadian Association of Petroleum Producers, EIA, CERA Drilling - Steam Assisted Gravity Drainage (SAGD) SAGD PROCESS Steam Chamber Steam Injection Oil Production Steam Injection Oil Production Reservoir Source: Canadian Association of Petroleum Producers, World Energy Outlook 2010 Source: Canadian Centre for Energy Information 22 22

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