nov 0 7 2017 court of queen's bench of alberta · attention: walker macleod rick pawluk lorne...

COURT FILE NUMBER

COURT

JUDICIAL CENTRE

PLAINTIFF

DEFENDANT

DOCUMENT

1701-00920

COURT OF QUEEN'S BENCH OF ALBERTA

CALGARY

DUGAN PRODUCTION CORP.

GLENCOE RESOURCES LTD.

APPLICATION

Clerk's Stamp: CLE1 K

FILED

NOV 0 7 2017 JULK4AL utN I HE

OF CALGARY

Field Law LLP 400, 444 - 7 Avenue SW Calgary, Alberta T2P 0X8 Lawyer: Trevor Batty Phone Number: (403) 260-8537 Fax Number: (403) 264-7084 Email: [email protected] File No. 57448-9

Burnet, Duckworth & Palmer LLP 2400, 525 - 8 Avenue SW Calgary, Alberta T2P 1G1 Lawyer: Natasha Wood Phone Number: (403) 260-0159 Fax Number: (403) 260-0332 Email: [email protected] File No. 63936-8

ADDRESS FOR SERVICE AND CONTACT INFORMATION OF PARTIES FILING THIS DOCUMENT

NOTICE TO RESPONDENT: See Service List attached as Schedule "A" to this Application

This application is made against you. You are a Respondent.

You have the right to state your side of the matter before a master/judge.

The application will be heard as shown below:

DATE

TIME

WHERE

BEFORE WHOM

November 15, 2017

3:00 p.m.

Calgary Courts Centre — 601— 5 Street SW, Calgary, Alberta

The Honourable Mr. Justice C.M. Jones

Go to the end of this document to see what else you can do and when you must do it.

Remedy claimed or sought:

1. Hardie & Kelly Inc., in its capacity as the Court-appointed Receiver (the "Receiver") of the

current and future assets and undertakings (the "Property") of Glencoe Resources Ltd.

8631031.1

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8631031.1

("Glencoe"), seeks Orders, substantially in the form attached hereto as Schedules "B" and "C"

respectively:

(a) Declaring that the within Application is properly returnable on Wednesday,

November 15, 2017 and that service of this Application on the service list is validated

and deemed good and sufficient;

(b) approving the actions, conduct and activities of the Receiver as outlined in the Seventh

Report of the Receiver, dated November 7, 2017 (the "Seventh Report");

(c) Approving and authorizing the settlement (the "Sequoia Settlement") described in the

Seventh Report and as detailed in the settlement agreement between the Receiver on

behalf of Glencoe and Sequoia Operating Corp ("Sequoia"), dated November 6, 2017

(the "Settlement Agreement") appended to the Confidential Supplement to the Seventh

Report (the "Confidential Supplement");

(d) Vesting in Sequoia all of Glencoe's right, title and interest in and to the assets specified in

Quitclaim Agreement appended to the Settlement Agreement (the "Quit Claim Assets");

(e) Sealing the Confidential Supplement on the Court file; and

(f) Such further and other relief as counsel may seek and this Honourable Court deems just.

Grounds for making this application:

The Approval and Vesting Order

2. On January 23, 2017, Dugan Production Corp. ("Dugan"), sought and obtained a Receivership

Order appointing the Receiver as receiver of all of the Property. That Receivership Order was

subsequently amended by an Order of the Court in these proceedings dated April 19, 2017 (as

amended, the "Receivership Order").

3. The Receivership Order expressly authorizes the Receiver to market and sell Glencoe's Property

and to seek an Approval and Vesting Order from the Court in connection therewith. The

Receivership Order also expressly authorizes the Receiver to settle, extend or compromise any

indebtedness owing to or by Glencoe.

4. On April 19, 2017, the Receiver also obtained Court approval of an extensive sales and

solicitation process ("Sales Process") to market for sale all of Glencoe's Property. In addition,

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8631031.1

the Receiver obtained Court approval of the engagement of CB Securities Inc. (the "Sales

Advisor") with respect to carrying out the Sales Process.

5. As further described in the Fourth Report, the Receiver and the Sales Advisor have diligently

carried out the Sales Process, in a manner that has generated the highest possible offers for the

Property in order to maximize the value of the estate.

6. Sequoia has expressed an interest in acquiring the Quit Claim Assets and in resolving certain

accounting and other joint venture billing disputes between Sequoia and the Receiver and detailed

in the Seventh Report.

7. The Receiver has reviewed the Settlement Agreement and the Quit Claim Assets and has

concluded that the Sequoia Settlement should be approved for the following reasons:

(a) The Sequoia Settlement creates certainty and finality regarding the financial obligations

of the Receiver in relation to post-receivership transactions between the Receiver and

Sequoia;

(b) The Quit Claim Assets were widely advertised during the Sales Process and received

significant interest from potential buyers. However, when the context of the overall terms

of the Sequoia Settlement is considered in comparison to the offers received for the Quit

Claim Assets, the Receiver is of the view that a quit-claim of the assets to Sequoia

represents the best option to divest them;

(c) The Sequoia Settlement is not subject to any material conditions other than Court

approval and it appears the transaction can be closed swiftly;

(d) The Sequoia Settlement was negotiated in good faith and is commercially reasonable;

(e) Dugan, Glencoe’s principal secured lender, supports the consummation of the Sequoia

Settlement; and

(f) If the Sequoia Settlement were not approved, the Receiver would likely be required to

apply to the Court for resolution of the various disputes between the Receiver and

Sequoia – resulting in significant additional cost and time associated with this alternative.

8. The Receiver believes that any further sales processes will not result in achieving greater value

for the Quit Claim Assets and will only result in increasing the costs of the administration of

Glencoe's estate to the detriment of Glencoe's creditors.

9. For the foregoing reasons, the Receiver is satisfied that the Sequoia Settlement set out in the

Settlement Agreement is in the best interests of Glencoe's stakeholders.

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8631031.1

Sealing Order

10. The Confidential Supplement contains and discusses matters of a highly sensitive commercial

nature, and their publication before the pending Approval and Vesting Order could result in

serious commercial damage to Glencoe and the Purchaser and could prejudice any future sales

process, in the event that the Sequoia Settlement does not close, to the detriment of Glencoe's

stakeholders. In addition, disclosure of the materials contained in the Confidential Supplement

could prejudice ongoing negotiations regarding additional outstanding disputes or sales

transactions resulting from the Sales Process.

11. The Sealing Order is the least restrictive and prejudicial alternative to prevent the dissemination

of commercially sensitive information about the Sequoia Settlement, the Quit Claim Assets and

the respective stakeholders.

12. It is fair and just in the circumstances to restrict public access to the Confidential Supplement.

Material or evidence to be relied on:

13. Second Report of the Receiver, dated June 2, 2017;

14. Third Report of the Receiver, dated September 8, 2017 and Confidential Supplement, dated

September 11, 2017;

15. Fourth Report of the Receiver and Confidential Supplement, both dated September 27, 2017;

16. Fifth Report of the Receiver and Confidential Supplement, both dated October 13, 2017;

17. Sixth Report of the Receiver and Confidential Supplement, both dated October 31, 2017;

18. Seventh Report of the Receiver and Confidential Supplement, both dated November 7, 2017;

19. Sierra Club of Canada v. Canada (Minister of Finance), [2002] 2 SCR 522 at paras. 53-57;

20. The pleadings filed in this Action; and

21. Such further and other materials as this Honourable Court may permit.

Applicable Rules:

22. Alberta Rules of Court.

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8631031.1

Applicable Acts and Regulations:

23. Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (as amended);

How the application is proposed to be heard or considered:

24. This application is proposed to be heard in person in Commercial Chambers.

WARNING

If you do not come to Court either in person or by your lawyer, the Court may give the Applicant

what they want in your absence. You will be bound by any order that the Court makes. If you want

to take part in this application, you or your lawyer must attend in Court on the date and at the time

shown at the beginning of the form. If you intend to rely on an affidavit or other evidence when the

application is heard or considered, you must reply by giving reasonable notice of the material to the

Applicant.

8631031.1

Schedule "A"

Service List

See attached.

8105908.10

Court of Queen's Bench Action No. 1701-00920 Dugan Production Corp. v. Glencoe Resources Ltd.

SERVICE LIST (as at November 1, 2017)

Parties Telephone/

Facsimile Email Counsel for

Field Law LLP

Attention: Trevor Batty

Burnet, Duckworth & Palmer LLP

2400, 525 - 8 Avenue SW

Calgary, Alberta T2P 1G1

Attention: Natasha (Tasha) Wood

Charla Smith (H&K)

Marc Kelly (H&K)

ph: (403) 260-0159

fx: (403) 260-0332

[email protected]

[email protected]

[email protected]

[email protected]

Hardie &

Kelly Inc.

MLT Aikins LLP

1600, 520 - 3 Avenue SW

Calgary, Alberta T2P 0R3

Attention: Dean A. Hutchison

ph: (403) 693-4305 dhutchison

@mltaikins.com

Dugan

Production Corp.

Bennett Jones LLP

4500, 855 – 2 Street SW

Calgary, Alberta T2P 4K7

Attention: Chris Simard

ph: (403) 298-4485 simardc

@bennettjones.com

Redfern & Grover

(Rosson Grover)

and

Rosalind Redfern

Gover

Caron & Partners LLP

21st Floor, 700 – 2 Street SW

Calgary, Alberta T2P 2W1

Attention: R.J. Daniel Gilborn

ph: (403) 260 1575 dgilborn

@caronpartners.com

369634

Alberta Ltd.

and

The Ronald Hal

Laurentian

Charitable Fund

Enerflex Ltd.

and Enerflex Ltd. (Rentals)

904, 1331 Macleod Trail SE

Calgary, Alberta T2G 0K3

Attention: Stefan Ali

[email protected]

HSBC Bank Canada

10th Floor, 407 – 8 Avenue SW

Calgary, Alberta T2P 1E5

Attention: John Landry

ph: (403) 693-8622 [email protected]

McCarthy Tétrault LLP

4000, 421 - 7 Avenue SW

Calgary, Alberta T2P 4K9

Attention: Walker MacLeod

Rick Pawluk

Lorne O'Reilly (Dow)

ph: (403) 260-3710

fx: (403) 260-3501

[email protected]

[email protected]

[email protected]

Dow Chemical

Canada Inc. and

Dow Chemical

Canada ULC

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8105908.10

Parties Telephone/


McMillan LLP

1900, 736 – 6 Avenue SW

Calgary, Alberta T2P 3T7

Attention: Adam C. Maerov

ph: (403) 215-2752 adam.maerov

@mcmillan.ca

Royal Bank of

Canada

PrairieSky Royalty Ltd.

1700, 350 - 7 Avenue SW

Calgary, Alberta T2P 3N9

Attention: Jennifer Martin,

Compliance Land Negotiator

ph: (587) 293-4062 jennifer.martin

@prairiesky.com

Redeagle Resources Ltd.

59 Cranleigh Manor SE

Calgary, Alberta T3M 1J3

Attention: Rodger Holt

ph: (403) 271-8450

fx: (403) 278-2635 [email protected]

Cargill Limited

300 - 240 Graham Avenue

P.O. Box 5900

Winnipeg, Manitoba R3C 4C5

Attention: Philip P. Pauls

ph: (204) 947-6122

fx: (204) 947-6134

philip_pauls

@cargill.com

Velvet Energy Ltd.

1500, 308 – 4 Avenue SW

Calgary, Alberta T2P 0H7

Attention: Lynn Gregory, P. Land

ph: (403) 781-9105

fx: (403) 781-9100

lgregory

@velvetenergy.net

Gatespar Holdings Ltd. 1818 Simcoe Blvd SW, Suite 1121

Calgary, Alberta T3H 3L9

Attention: Colleen Murphy

ph: (403) 869-5385 gatesparholding

@gmail.com

Alberta Energy Regulator

Calgary Head Office

1000, 250 – 5 Street SW

Calgary, Alberta T2P 0R4

Attention: Patricia Johnson

Keely Cameron

Laura Chant

ph: (403) 297-4439

fx: (403) 297-2147

[email protected]

[email protected]

[email protected]

Alberta Justice & Solicitor General

Energy Legal Services

9th Floor, 9945 - 108 Street

Edmonton, Alberta T5K 2G6

Attention: Piyush (Peter) Mittal

ph: (780) 427-1848


Alberta

Department of

Energy

3

8105908.10

Parties Telephone/


DLA Piper LLP 1000, 250 – 2 Street SW

Calgary, Alberta T2P 0C1

Attention: Karen Fellowes

ph: (403) 698-8787

fx: (403) 213-4481

karen.fellowes

@dlapiper.com

Natural Gas

Exchange

Gear Energy 2600, 240 – 4 Avenue SW

Calgary, Alberta T2P 4H4

Attention: David Hwang

ph: (403) 538-8437 dhwang

@gearenergy.com

Strashok Law 300, 714 – 1 Street SE

Calgary, Alberta T2G 2G8

Attention: P. Dean Strashok

ph: (403) 264-2345


Strong Energy

Resources Ltd.

Robert L. Bayless, Producer LLC

621 - 17 Street, Suite 2300

Denver, Colorado 80293

Attention: Lee Joslyn

ph: (303) 296-9900

fx: (303) 296-0753

ljoslyn

@bayless-cos.com

Pulse Seismic

2700, 421 - 7 Avenue SW

Calgary, Alberta TIP 4K9

Attention: Trevor Meier

ph: (403) 237-5559

fx: (403) 531-9141

trevor.meier

@pulseseismic.com

Bonavista Energy Corporation

Attention: Marc Fonteyne

Margaret Stafford

marc.fonteyne

@bonavistaenergy.com

margaret.stafford

@bonavistaenergy.com

Purchaser

LWF Legal Services

41 Aspen Ridge Way SW

Calgary, AB, T3H 5M2

Attention: Larry Fedchun

Jack Lee (1516443)

[email protected]

[email protected]

1516443

Alberta Inc.,

Purchaser

Black Crane Energy Corp.

Attention: Sheldon Nedjeslki [email protected] Purchaser

Ellisboro Energy Ltd.

Attention: John Garden

[email protected]

or [email protected] Purchaser

Canadian Natural Resources

Attention: Karen Davis, Legal Counsel,

Acquisitions & Divestments

ph: (403) 386-5280 [email protected] Purchaser

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8105908.10

Parties Telephone/


Borden Ladner Gervais LLP

1900, 520 - 3 Avenue SW

Calgary, AB T2P 0R3

Attention: Xiaodi Jin

Vicki Benoit (Sequoia)

[email protected]

VickiBenoit

@sequoiares.ca

Sequoia

Resources Corp.

and Sequoia

Operating Corp.

Advantage Oil & Gas Ltd.

300, 440 – 2 Avenue SW

Calgary, AB T2P 5E9

Attention: Lynn Dyson, Land Manager

[email protected]

Sinopec Daylight Energy Ltd.

2700, 112 – 4 Avenue SW

Calgary, AB T2P 0H3

Attention: Brock Young,

Senior VP Land

brock.young

@sinopeccanada.com

Terra Energy Corp., in Receivership

c/o Ernst & Young Inc.

2200, 215 – 2 Street SW

Calgary, AB T2P 1M4

Attention: Jessica Caden

ph: (403) 206-5394 [email protected]

Lacombe County

RR3

Lacombe, AB T4L 2N3

Attention: Krista Pugh

kpugh

@lacombecounty.com

Gain Energy Ltd. (Superman Omers)

30th Floor, 520 - 3 Avenue SW

Calgary, AB T2P 0R3

Attention: Dean Gould, Land Manager

dean.gould

@gainenergy.com

Rally Canada Resources Ltd.

900, 407 – 2 Street SW

Calgary, AB T2P 2Y3

Attention: Sarah Li, CFO

[email protected]

Questfire Energy Corp.

1100, 350 - 7 Avenue SW

Calgary, AB T2P 3N9

Attention: Ronald Williams, CFO

[email protected]

8631031.1

Schedule "B"

Form of Approval and Vesting Order

See attached.

8630757.1

Clerk's Stamp:

COURT FILE NUMBER 1701-00920

COURT COURT OF QUEEN'S BENCH OF ALBERTA

JUDICIAL CENTRE CALGARY

PLAINTIFF DUGAN PRODUCTION CORP.

DEFENDANT GLENCOE RESOURCES LTD.

DOCUMENT APPROVAL AND VESTING ORDER

ADDRESS FOR SERVICE

AND CONTACT

INFORMATION OF PARTIES

FILING THIS DOCUMENT

Field Law LLP

400, 444 - 7 Avenue SW

Calgary, Alberta T2P 0X8

Lawyer: Trevor Batty

Phone Number: (403) 260-8537

Fax Number: (403) 264-7084

Email: [email protected]

File No. TBD


2400, 525 - 8 Avenue SW


Lawyer: Natasha Wood

Phone Number: (403) 260-0159

Fax Number: (403) 260-0332


File No. 63936-8

DATE ON WHICH ORDER WAS

PRONOUNCED: November 15, 2017

LOCATION WHERE ORDER WAS

PRONOUNCED: Calgary Courts Centre, 601 – 5 Street SW, Calgary, Alberta

NAME OF JUSTICE WHO MADE

THIS ORDER: The Honourable Mr. Justice C.M. Jones

UPON THE APPLICATION by Hardie & Kelly Inc. in its capacity as the Court-appointed receiver

and manager (the "Receiver") of the undertaking, property and assets of Glencoe Resources Ltd. (the

"Debtor") for an order approving the settlement (the "Settlement") contemplated by a settlement agreement

(the "Settlement Agreement") between the Receiver and Sequoia Operating Corp. ("Sequoia") dated

November 6, 2017, as amended from time to time and appended to the Confidential Supplement to the

Seventh Report of the Receiver dated November 7, 2017 (the "Report") , and vesting in Sequoia the Debtor's

right, title and interest in and to the assets described in the Quit Claim Agreement that is scheduled to the

Settlement Agreement (the "Quit Claim Assets");

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8630757.1

AND UPON HAVING READ the Receivership Order dated January 23, 2017 (the "Receivership

Order"), the Report and the Affidavit of Service, filed;

AND UPON HEARING the submissions of counsel for the Receiver, and any other counsel present;

IT IS HEREBY ORDERED AND DECLARED THAT:

SERVICE

[1] Service of notice of this application and supporting materials is hereby declared to be good and

sufficient, and no other person is required to have been served with notice of this application, and

time for service of this application is abridged to that actually given.

APPROVAL OF SETTLEMENT

[2] The Receiver's activities as set out in its Seventh Report are hereby ratified and approved.

[3] The Settlement is hereby approved, and the execution of the Settlement Agreement by the Receiver is

hereby authorized and approved, with such minor amendments as the Receiver may deem necessary.

The Receiver is hereby authorized and directed to take such additional steps and execute such

additional documents as may be necessary or desirable for the completion of the Settlement or for the

conveyance of the Quitclaim Assets to Sequoia.

VESTING OF PROPERTY

[4] Upon the delivery of a Receiver's certificate to Sequoia substantially in the form set out in Schedule

"A" hereto (the "Receiver's Certificate"), subject only to the permitted encumbrances caveats,

easements and restrictive covenants listed on Schedule "B" (the "Permitted Encumbrances"), all of

the Debtor's right, title and interest in and to the Quit Claim Assets described in the Settlement

Agreement and listed on Schedule "C" hereto shall vest absolutely in the name of Sequoia, free and

clear of and from any and all security interests (whether contractual, statutory, or otherwise),

hypothecs, caveats, mortgages, trusts or deemed trusts (whether contractual, statutory, or otherwise),

liens, executions, levies, charges, or other financial or monetary claims, whether or not they have

attached or been perfected, registered or filed and whether secured, unsecured or otherwise

(collectively, the "Claims") including, without limiting the generality of the foregoing:

(a) any encumbrances or charges created by the Receivership Order;

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(b) all charges, security interests or claims evidenced by registrations pursuant to the Personal

Property Security Act (Alberta), set out in Schedule "D" hereto;

(c) all other claims other than the Permitted Encumbrances;

(all of which are collectively referred to as the "Encumbrances"). For greater certainty, this Court

orders that all of the Encumbrances affecting or relating to the Quit Claim Assets are hereby

expunged and discharged as against the Quit Claim Assets.

[5] Upon delivery of the Receiver's Certificate, and upon filing a certified copy of this Order, together

with any applicable registrations fees, the Registrar or Registrars under the Land Titles Act (Alberta),

the Department of Energy and the Minister of Energy of Alberta and all other government ministries

and authorities in Alberta, respectively, exercising jurisdiction with respect to or over the Quit Claim

Assets (collectively, "Governmental Authorities"), as applicable, are hereby authorized, requested,

and directed to (in each case, as applicable):

(a) enter Sequoia as the owner, lessee, and/or licensee of the Quit Claim Assets;

(b) cancel the existing Certificate of Title to the Quit Claim Assets and issue new Certificates of

Title for the Quit Claim Assets, in the name of Sequoia;

(c) delete and expunge from the existing title documents concerning the Quit Claim Assets all

applicable Claims other than Permitted Encumbrances; and

(d) register such transfers, discharges, discharge statements, or conveyances, as may be required

to convey clear title to the Quit Claim Assets to Sequoia, subject only to the Permitted

Encumbrances.

[6] Presentment of this Order and the Receiver's Certificate shall be the sole and sufficient authority for

the Governmental Authorities to effect the registration of transfers, discharges, discharge statements

or conveyances as may be required to convey clear title to the Quit Claim Assets to Sequoia.

[7] This Order shall be registered and the steps set out in paragraph 4 of this Order shall be carried out by

the applicable Registrar and/or Governmental Authorities notwithstanding the requirements of the

applicable federal and/or provincial legislation, including the LTA and MMA, and notwithstanding

that the appeal period in respect of this Order has not elapsed, which appeal period is expressly

waived.

[8] For the purposes of determining the nature and priority of Claims, the settlement payment specified

in the Settlement Agreement (the "Settlement Amount") (to be held in an interest bearing trust

account by the Receiver) shall stand in the place and stead of the Quit Claim Assets, and from and

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8630757.1

after the delivery of the Receiver's Certificate all Claims and Encumbrances shall attach to the

Settlement Amount with the same priority as they had with respect to the Quit Claim Assets

immediately prior to the sale, as if the Quit Claim Assets had not been sold and remained in the

possession or control of the person having that possession or control immediately prior to the sale.

[9] Sequoia shall, by virtue of the completion of the Settlement, have no liability of any kind whatsoever

in respect of any Claims against the Debtor.

[10] The Debtor and all persons who claim by, through or under the Debtor in respect of the Quit Claim

Assets, save and except for the persons entitled to the benefit of the Permitted Encumbrances, shall

stand absolutely barred and foreclosed from all estate, right, title, interest, royalty, rental and equity

of redemption of the Quit Claim Assets and, to the extent that any such persons remains in possession

or control of any of the Quit Claim Assets, they shall forthwith deliver possession thereof to Sequoia.

[11] Sequoia shall be entitled to enter into and upon, hold and enjoy the Quit Claim Assets for its own use

and benefit without any interference of or by the Debtor, or any person claiming by or through or

against the Debtor.

[12] Immediately after the closing of the Settlement, the holders of the Permitted Encumbrances shall

have no claim whatsoever against the Receiver or the Debtor.

[13] The Receiver is to file with the Court a copy of the Receiver's Certificate, forthwith after delivery

thereof to Sequoia.

[14] Notwithstanding:

(a) the pendency of these proceedings;

(b) any applications for a bankruptcy order now or hereafter issued pursuant to the Bankruptcy

and Insolvency Act (Canada) in respect of the Debtor and any bankruptcy order issued

pursuant to any such applications; and

(c) any assignment in bankruptcy made in respect of the Debtor

the vesting of the Quit Claim Assets in Sequoia pursuant to this Order shall be binding on any trustee

in bankruptcy that may be appointed in respect of the Debtor and shall not be void or voidable by

creditors of the Debtor, nor shall it constitute nor be deemed to be a settlement, fraudulent preference,

assignment, fraudulent conveyance, transfer at undervalue, or other reviewable transaction under the

Bankruptcy and Insolvency Act (Canada) or any other applicable federal or provincial legislation, nor

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8630757.1

shall it constitute oppressive or unfairly prejudicial conduct pursuant to any applicable federal or

provincial legislation.

[15] The Receiver, Sequoia and any other interested party, shall be at liberty to apply for further advice,

assistance and directions as may be necessary in order to give full force and effect to the terms of this

Order and to assist and aid the parties in closing the Settlement.

MISCELLANEOUS MATTERS

[16] This Court hereby requests the aid and recognition of any court, tribunal, regulatory or administrative

body having jurisdiction in Canada or in the United States to give effect to this Order and to assist the

Receiver and its agents in carrying out the terms of this Order. All courts, tribunals regulatory and

administrative bodies are hereby respectfully requested to make such orders as to provide such

assistance to the Receiver, as an officer of this Court, as may be necessary or desirable to give effect

to this Order or to assist the Receiver and its agents in carrying out the terms of this Order.

[17] This Order must be served only upon those interested parties attending or represented at the within

application and service may be effected by facsimile, electronic mail, personal delivery or courier.

Service is deemed to be effected the next business day following the transmission or delivery of such

documents.

[18] Service of this Order on any party not attending this application is hereby dispensed with.

_______________________________________________

J.C. C.Q.B.A.

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8630757.1

Schedule "A"

Form of Receiver's Certificate

Clerk's Stamp:






DOCUMENT RECEIVER'S CERTIFICATE

ADDRESS FOR SERVICE

AND CONTACT



Field Law LLP

400, 444 - 7 Avenue SW



Phone Number: (403) 260-8537

Fax Number: (403) 264-7084


File No. TBD


2400, 525 - 8 Avenue SW



Phone Number: (403) 260-0159

Fax Number: (403) 260-0332


File No. 63936-8

RECITALS

A. Pursuant to an Order of the Honourable Justice D.B. Nixon of the Court of Queen's Bench of

Alberta, Judicial District of Calgary (the "Court") dated January 23, 2017, Hardie & Kelly Inc. was

appointed as the receiver (the "Receiver") of the undertaking, property and assets of Glencoe

Resources Ltd. (the "Debtor").

B. Pursuant to an Order of the Court dated November 15, 2017 the Court approved the settlement

agreement made as of November 6, 2017 as amended from time to time (the "Settlement

Agreement") between the Receiver and Sequoia Operating Corp. ("Sequoia") and provided for the

vesting in Sequoia of the Debtor's right, title and interest in and to the Quit Claim Assets, which

vesting is to be effective with respect to the Quit Claim Assets upon the delivery by the Receiver to

Sequoia of a certificate confirming (i) the payment by Sequoia of the Settlement Amount; (ii) that the

conditions to Closing as set out in Article 2.5 of the Settlement Agreement have been satisfied or

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8630757.1

waived by the Receiver and Sequoia; and (iii) the Settlement has been completed to the satisfaction

of the Receiver.

C. Unless otherwise indicated herein, terms with initial capitals have the meanings set out in the

Settlement Agreement.

THE RECEIVER CERTIFIES the following:

1. Sequoia has paid and the Receiver has received the Settlement Amount payable on the Closing

Date pursuant to the Settlement Agreement;

2. The conditions to Closing as set out in Article 2.5 of the Settlement Agreement have been

satisfied or waived by the Receiver and Sequoia; and

3. The Settlement has been completed to the satisfaction of the Receiver.

4. This Certificate was delivered by the Receiver at [Time] on [Date].

Hardie & Kelly Inc., in its capacity as

Receiver of the undertaking, property

and assets of Glencoe Resources Ltd.

and not in its personal capacity.

Per: _____________________________

Name:

Title:

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8630757.1

Schedule "B"

Permitted Encumbrances

"Permitted Encumbrances" means:

(i) liens for taxes, assessments and governmental charges;

(ii) liens incurred or created in the ordinary course of business as security in favour of a Person

that is conducting the development or operation of the property to which such liens relate;

(iii) mechanics', builders', materialmen's or other similar liens in respect of services rendered or

goods supplied;

(iv) easements, rights of way, servitudes and other similar rights in land, including rights of way

and servitudes for highways and other roads, railways, sewers, drains, gas and oil pipelines,

gas and water mains, electric light, power, telephone, telegraph and cable television conduits,

poles, wires and cables;

(v) the right reserved to or vested in any municipality or Governmental Authority by the terms

of any lease, licence, franchise, grant or permit or by any provision of Applicable Law, to

terminate any such lease, licence, franchise, grant or permit or to require annual or other

periodic payments as a condition of the continuance thereof;

(vi) rights of general application reserved to or vested in any Governmental Authority to levy

taxes on Petroleum Substances or any of them or the income therefrom, or to control, limit or

regulate production rates or the operation or use of any property;

(vii) statutory exceptions to title and the reservations, limitations, provisos and conditions in any

original grants from the Crown of any mines and minerals;

(viii) any arrears owing by the Debtor in relation to the Quit Claim Assets with respect to surface

leases, gross-overriding royalties, freehold or Crown royalties;

(ix) the terms and conditions of the Title and Operating Documents;

(x) contracts for the purchase, processing, transportation or storage of Petroleum Substances or

for the contract operation of any of the Assets;

(xi) any ROFR or any other similar restriction arising under or pursuant to any of the Title and

Operating Documents; and

(xii) all Encumbrances, obligations, duties, terms and conditions identified or set forth in a

Schedule or specifically consented to or approved in writing by Sequoia prior to the date of

this Agreement or deemed approved or accepted by Sequoia in accordance with any

provision of the Settlement Agreement.

9

8630757.1

Schedule "C"

Quit Claim Assets

See attached.

8629554.1

The Assets include all of Glencoe’s interests in the unit agreements set forth below and include but are not limited to all wells, pipelines associated with such wells, and facilities, including the Unit Facilities, identified in the Unit Agreements and any subsequent amendments thereto:

Unit Approximate Glencoe WI% Nelson Viking A Unit (PNG) 48.36753850 Chigwell Viking Unit No. 4 48.20469000 Chigwell Viking Unit No. 2 47.98691600 Chigwell Viking Unit No. 1 47.95820300 Chigwell Viking Unit No. 3 47.89302090 Chigwell Viking B Unit 46.19332100 The Assets also include all of Glencoe’s interest (48.0361800%) in the Agreement for the Construction, Ownership and Operation of the Chigwell Viking "E" Pool Battery 08-24-42-26 W4M, dated June 30, 1992 and as subsequently amended. The Assets also include but are not limited to all of Glencoe’s interest in, and all pipelines and facilities forming part of, the Glencoe CO2 Production Facility, as identified in the associated Agreement for the Construction, Ownership and Operation of the Glencoe CO2 Production Facility dated August 31, 2005, and any subsequent amendments thereto: CO&O Glencoe WI% Agreement for the Construction, Ownership and Operation of the Glencoe CO2 Production Facility dated August 31, 2005

49.00000000

For clarity, the Glencoe CO2 Production Facility includes all related agreements including but not limited to Glencoe’s interest the following:

CO2 Pipeline Lease and Operating Agreement, with Nova Chemicals Corporation Access Agreement, with Nova Chemicals Corporation Glencoe CO2 Receipt Facilities Lease Agreement, with Nova Chemicals Corporation Ground Lease, with MEGlobal Canada Inc. Prentiss CO2 Stream Purchase and Sale Agreement, with Alberta & Orient Glycol Company

Limited and MEGlobal Canada Inc. CO2 Sales Agreement, with Nova Chemicals Corporation

Finally, the Assets include all Lands as detailed below.

Report Date: Nov 04, 2017 7:52 am

Page 1 of 21Glencoe Resources Ltd.

Report Id: RP-0053

Mineral Schedule "A" Report - Nelson Viking A Unit

Wells

Contract

OperatingEncumbrances

Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0051 A TWP 43 RGE 26 W4M (LSD 14) NW

C-054-0063 AALL 16.0%GLENCOE 48.313575%LSE DATE: 1997 Nov 06 SEC 27

CAPL 1990BASED ON 100.0%EFF DATE: 1997 Nov 06 PNG IN VIKING "A"

No ROFR AppliesPDBY GLENCOE 48.313575%REF INT: UNIT EXP DATE: 2000 Nov 05

OPER: GLENCOEGLENCOE 48.3676%MNRL INT: 100.0

EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0052 A TWP 43 RGE 26 W4M SW SEC 27

C-054-0063 AALL 16.0%GLENCOE 48.313575%LSE DATE: 1998 Feb 14 TWP 43 RGE 26 W4M (LSD'S 11,

CAPL 1990BASED ON 100.0%EFF DATE: 1998 Feb 14 12, 13) NW SEC 27

No ROFR AppliesPDBY GLENCOE 48.313575%REF INT: UNIT EXP DATE: 2001 Feb 13 (UNDIVIDED 1/4 INTEREST)

OPER: GLENCOEGLENCOE 48.3676%MNRL INT: 25.0 PNG IN VIKING "A"

EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






CS*EXPLORER Version 9.10.04



Report Id: RP-0053


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EXT CODE: HB UNIT

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C-700-0002

OPER: GLENCOE






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C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0056 A TWP 43 RGE 26 W4M NE SEC 27

C-054-0063 AALL 16.0%GLENCOE 48.313575%LSE DATE: 1997 Dec 11 PNG IN VIKING "A"

CAPL 1990BASED ON 100.0%EFF DATE: 1997 Dec 11

No ROFR AppliesPDBY GLENCOE 48.313575%REF INT: UNIT EXP DATE: 2000 Dec 10


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0075 A TWP 43 RGE 26 W4M SE SEC 27

C-054-0063 ZBALL 16.0%GLENCOE 48.318295%LSE DATE: 1997 Oct 09 PNG IN VIKING "A"

CAPL 1990BASED ON 100.0%EFF DATE: 1997 Nov 08



NONCONV GOREXT CODE: HB UNIT

REF INT OPER CONTALL 5.0%

C-700-0002 BASED ON 100.0%

OPER: GLENCOEPDBY GLENCOE 48.318295%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

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ROYALTY LINKS

C-048-0316 B

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0008 AA TWP 43 RGE 26 W4M NW SEC 28

C-054-0063 FALL S/S GLENCOE 48.457322%CR: 0479080114 PNG IN VIKING "A"

CAPL 1990OTHER CSS% LSE DATE: 1979 Aug 16

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 1979 Aug 16

OPER: GLENCOEPDBY GLENCOE 48.457322%GLENCOE 48.3676%EXP DATE: 1984 Aug 15

MNRL INT: 100.0

REF INT OPER CONTEXT CODE: 15

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0008 BB TWP 43 RGE 26 W4M SW SEC 28

C-054-0063 CALL S/S 1/150GLENCOE 48.453109%CR: 0479080114 PNG IN VIKING "A"

CAPL 1990(MIN 5.0 MAX 15.0 )LSE DATE: 1979 Aug 16

No ROFR AppliesGAS 15.0% (MIN 0.05/MCF c/mcf)REF INT: UNIT EFF DATE: 1979 Aug 16

OPER: GLENCOEBASED ON 17.75%GLENCOE 48.3676%EXP DATE: 1984 Aug 15

PDBY GLENCOE 48.463583%MNRL INT: 100.0

REF INT OPER CONTROYALTY INTEXT CODE: 15

C-700-0002 SLIDING SCALESLIDING SCALE

OPER: GLENCOEALL S/S ALL S/S 1/150

OTHER CSS% (MIN 5.0 MAX 15.0 )

ROYALTY LINKSBASED ON 100.0%GAS 15.0% (MIN 0.05/MCF c/mcf)

C-054-0002 DPDBY GLENCOE 48.453109%BASED ON 17.75%

CAPL 1981PDTO GLENCOE 48.36098%

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0008 CB TWP 43 RGE 26 W4M SE SEC 28

C-054-0063 CALL S/S 1/150GLENCOE 48.453109%CR: 0479080114 PNG IN VIKING "A"


No ROFR AppliesGAS 15.0% (MIN 0.05/mcf c/mcf)REF INT: UNIT EFF DATE: 1979 Aug 16






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ROYALTY LINKSBASED ON 100.0%GAS 15.0% (MIN 0.05/mcf c/mcf)

C-054-0002 BPDBY GLENCOE 48.453109%BASED ON 17.75%


No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0008 DB TWP 43 RGE 26 W4M NE SEC 28

C-054-0063 HALL S/S 1/150GLENCOE 48.438159%CR: 0479080114 PNG IN VIKING "A"


No ROFR AppliesGAS 15.0% (MIN 0.05/MCF c/mcf)REF INT: UNIT EFF DATE: 1979 Aug 16







ROYALTY LINKSBASED ON 100.0%GAS 15.0% (MIN 0.05/MCF c/mcf)

C-054-0002 APDBY GLENCOE 48.438159%BASED ON 17.75%


No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0027 A TWP 43 RGE 26 W4M E SEC 32

C-054-0063 NALL S/S GLENCOE 48.319496%CR: 0484050055 PET IN VIKING "A"

CAPL 1990OTHER CSS% LSE DATE: 1984 May 03

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 1984 May 03

OPER: GLENCOEPDBY GLENCOE 48.319496%GLENCOE 48.3676%EXP DATE: 1989 May 02

MNRL INT: 100.0

REF INT OPER CONTNONCONV GOREXT CODE: 15

C-700-0002 ALL 0.5%

OPER: GLENCOEBASED ON 100.0%

PDBY GLENCOE 48.325426%

ROYALTY LINKS




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-054-0009 BA

CAPL 1981

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0027 BA TWP 43 RGE 26 W4M NW SEC 32

C-054-0063 JALL S/S GLENCOE 48.313574%CR: 0484050055 PET IN VIKING "A"




MNRL INT: 100.0


C-700-0002 ALL 0.5%



ROYALTY LINKS

C-054-0009 CA

CAPL 1981

No ROFR Applies

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0541 B TWP 43 RGE 26 W4M NE SEC 33

C-054-0063 BALL 16.0%GLENCOE 47.5%LSE DATE: 1998 Aug 18 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1998 Aug 18 PNG IN VIKING EXCL VIKING "A"

No ROFR AppliesPDBY GLENCOE 47.5%EXP DATE: 2000 Aug 17

OPER: GLENCOEMNRL INT: 25.0


ROYALTY LINKSALL 3.0%

C-054-0037 ABASED ON 100.0%

ROFR UnknownPDBY GLENCOE 47.5%

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0541 BA TWP 43 RGE 26 W4M NE SEC 33

C-054-0063 AALL 16.0%GLENCOE 48.313575%LSE DATE: 1998 Aug 18 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1998 Aug 18 PNG IN VIKING "A"

No ROFR AppliesPDBY GLENCOE 48.313575%REF INT: UNIT EXP DATE: 2000 Aug 17






Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-700-0002 BASED ON 100.0%


ROYALTY LINKS

C-054-0037 B

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0544 AA TWP 43 RGE 26 W4M (LSD 3, 6)

C-054-0063 QALL 15.0%GLENCOE 48.5033%LSE DATE: 1983 Oct 25 SW SEC 33

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Oct 25 (UNDIVIDED 1/2 INTEREST)

No ROFR AppliesPDBY GLENCOE 48.5033%REF INT: UNIT EXP DATE: 1988 Oct 24 PNG IN VIKING "A"


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0544 DA TWP 43 RGE 26 W4M SE SEC 33

C-054-0063 OALL 15.0%GLENCOE 49.0725%LSE DATE: 1983 Oct 25 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Oct 25 PNG IN VIKING "A"

No ROFR AppliesPDBY GLENCOE 49.0725%REF INT: UNIT EXP DATE: 1988 Oct 24


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0019 AA TWP 43 RGE 26 W4M SE SEC 33

C-054-0063 OALL 18.5%GLENCOE 49.0725%LSE DATE: 1984 Apr 24 (UNDIVIDED 1/12 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1984 Apr 24 PNG IN VIKING "A"

No ROFR AppliesPDBY GLENCOE 49.0725%REF INT: UNIT EXP DATE: 1987 Apr 23


EXT CODE: HB UNIT

REF INT OPER CONT




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0019 CA TWP 43 RGE 26 W4M (LSD 3, 6)

C-054-0063 QALL 18.5%GLENCOE 48.5033%LSE DATE: 1984 Apr 24 SW SEC 33

CAPL 1990BASED ON 100.0%EFF DATE: 1984 Apr 24 (UNDIVIDED 1/12 INTEREST)

No ROFR AppliesPDBY GLENCOE 48.5033%REF INT: UNIT EXP DATE: 1987 Apr 23 PNG IN VIKING "A"


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HBP

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HBP

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C-700-0002

OPER: GLENCOE






Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands




EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

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C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

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C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE


C-054-0063 OALL 18.5%GLENCOE 49.0725%LSE DATE: 1984 Mar 20 (UNDIVIDED 1/12 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1984 Mar 20 PNG IN VIKING "A"

No ROFR AppliesPDBY GLENCOE 49.0725%REF INT: UNIT EXP DATE: 1987 Mar 19


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE


C-054-0063 QALL 18.5%GLENCOE 48.5033%LSE DATE: 1984 Mar 20 SW SEC 33




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990BASED ON 100.0%EFF DATE: 1984 Mar 20 (UNDIVIDED 1/12 INTEREST)

No ROFR AppliesPDBY GLENCOE 48.5033%REF INT: UNIT EXP DATE: 1987 Mar 19 PNG IN VIKING "A"


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0028 E TWP 43 RGE 26 W4M NW SEC 33

C-054-0063 SALL 15.0%GLENCOE 48.315056%LSE DATE: 1982 Feb 23 PNG IN VIKING "A"

CAPL 1990BASED ON 100.0%EFF DATE: 1982 Feb 23

No ROFR AppliesPDBY GLENCOE 48.315056%REF INT: UNIT EXP DATE: 1988 Feb 22




C-700-0002 BASED ON 100.0%


ROYALTY LINKS

C-048-0161 CE

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0032 D TWP 43 RGE 26 W4M (LSD'S 4,

C-054-0063 QALL 20.0%GLENCOE 48.5033%LSE DATE: 1984 Dec 11 5) SW SEC 33

CAPL 1990BASED ON 100.0%EFF DATE: 1984 Dec 11 PNG IN VIKING "A"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-054-0063 C TWP 43 RGE 26 W4M NE SEC 33

C-054-0063 AALL 3.0%GLENCOE 48.313575%LSE DATE: 1998 Jul 31 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1998 Jul 31 PNG IN VIKING "A"




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

No ROFR AppliesPDBY GLENCOE 48.313575%REF INT: UNIT EXP DATE: 2000 Jul 30


NONCONV LOREXT CODE: HB UNIT


C-700-0002 BASED ON 100.0%


ROYALTY LINKS

C-054-0037 B

ROFR Unknown


C-054-0063 AALL 3.0%GLENCOE 48.313575%LSE DATE: 1998 Jun 08 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1998 Jun 08 PNG IN VIKING "A"

No ROFR AppliesPDBY GLENCOE 48.313575%REF INT: UNIT EXP DATE: 2000 Jun 07




C-700-0002 BASED ON 100.0%


ROYALTY LINKS

C-054-0037 B

ROFR Unknown



CAPL 1990BASED ON 100.0%EFF DATE: 1998 Jul 31 PNG IN VIKING "A"





C-700-0002 BASED ON 100.0%





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROYALTY LINKS

C-054-0037 B

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0039 B TWP 43 RGE 26 W4M SEC 34

C-054-0063 AALL S/S GLENCOE 48.313575%CR: 0481020159 PNG IN VIKING "A"

CAPL 1990OTHER CSS% LSE DATE: 1981 Feb 26

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 1981 Feb 26

OPER: GLENCOEPDBY GLENCOE 48.313575%GLENCOE 48.3676%EXP DATE: 1986 Feb 25

MNRL INT: 100.0


C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-054-0006 BA TWP 44 RGE 26 W4M E SEC 4

C-054-0063 NALL 0.5%GLENCOE 48.319496%CR: 1082020179 PET IN VIKING "A"

CAPL 1990BASED ON 100.0%LSE DATE: 1982 Apr 20

No ROFR AppliesPDBY GLENCOE 48.325426%REF INT: UNIT EFF DATE: 1982 Feb 14

OPER: GLENCOEGLENCOE 48.3676%EXP DATE: 1987 Feb 13

NONCONV GORMNRL INT: 100.0

REF INT OPER CONTALL 1.0%EXT CODE: 15

C-700-0002 BASED ON 100.0%


ROYALTY LINKSSLIDING SCALE

C-054-0009 AAALL S/S

CAPL 1981OTHER CSS%

No ROFR AppliesBASED ON 100.0%

C-054-0009 AAPDBY GLENCOE 48.319496%

CAPL 1981

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0006 EA TWP 44 RGE 26 W4M SW SEC 4

C-054-0063 UALL S/S GLENCOE 48.32013%CR: 1082020179 PET IN VIKING "A"

CAPL 1990OTHER CSS% LSE DATE: 1982 Apr 20




Report Id: RP-0053


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Information

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MNRL INT: 100.0


C-700-0002 ALL 0.5%



ROYALTY LINKS

C-054-0009 EANONCONV GOR

CAPL 1981ALL 1.0%


C-054-0009 EAPDBY GLENCOE 48.326674%

CAPL 1981

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0006 HA TWP 44 RGE 26 W4M NW SEC 4

C-054-0063 KALL S/S GLENCOE 48.323451%CR: 1082020179 NG IN VIKING "A"




MNRL INT: 100.0


C-700-0002 ALL 0.5%



ROYALTY LINKS

C-054-0009 DDNONCONV GOR

CAPL 1981ALL 1.0%


C-054-0009 DDPDBY GLENCOE 48.337278%

CAPL 1981

No ROFR Applies

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0006 HD TWP 44 RGE 26 W4M NW SEC 4

C-054-0063 VALL S/S GLENCOE 48.319699%CR: 1082020179 PET IN VIKING "A"




Report Id: RP-0053


Wells

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Information

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MNRL INT: 100.0


C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-054-0026 C TWP 44 RGE 26 W4M SW SEC 5

C-054-0063 SALL 7.0%GLENCOE 48.315056%LSE DATE: 1982 Feb 04 PNG IN VIKING "A"






C-700-0002 BASED ON 100.0%


ROYALTY LINKS

C-048-0161 AA

ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-054-0029 E TWP 44 RGE 26 W4M NW SEC 5

C-054-0063 XALL 7.0%GLENCOE 48.314315%LSE DATE: 1982 Feb 16 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1982 Feb 16 PNG IN VIKING "A"





C-700-0002 BASED ON 100.0%


ROYALTY LINKS

C-048-0161 BA

ROFR Unknown




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0030 C TWP 44 RGE 26 W4M NW SEC 5

C-054-0063 XALL 18.0%GLENCOE 48.314315%LSE DATE: 1984 Feb 25 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1984 Feb 25 PNG IN VIKING "A"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE


C-054-0063 XALL 18.0%GLENCOE 48.314315%LSE DATE: 1984 Mar 01 (UNDIVIDED 1/4 INTEREST)




EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0042 C TWP 44 RGE 26 W4M NE SEC 5

C-054-0063 AALL 20.0%GLENCOE 48.313575%LSE DATE: 1986 Sep 26 PNG IN VIKING "A"

CAPL 1990BASED ON 100.0%EFF DATE: 1986 Sep 26

No ROFR AppliesPDBY GLENCOE 48.313575%REF INT: UNIT EXP DATE: 1987 Sep 25


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE


C-054-0063 AALL 15.0%GLENCOE 48.313575%LSE DATE: 1989 Apr 02 (UNDIVIDED 1/8 INTEREST)






Report Id: RP-0053


Wells

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Information

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EXT CODE: HB UNIT

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C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

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C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

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C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

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OPER: GLENCOE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

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C-700-0002

OPER: GLENCOE








Report Id: RP-0053


Wells

Contract


Interests

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Information

Title

Number

File Lands


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0043 DA TWP 44 RGE 26 W4M SE SEC 6

C-054-0063 AALL S/S GLENCOE 48.313575%CR: 0484050056 PNG IN VIKING "A"




MNRL INT: 100.0


C-700-0002

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-054-0060 B TWP 44 RGE 26 W4M NE SEC 6

C-054-0063 AALL S/S 0GLENCOE 48.313575%CR: 0498040098 PNG IN VIKING "A"

CAPL 1990GAS 0.0% (MIN 0 c/mcf)LSE DATE: 1998 Apr 02

No ROFR AppliesOTHER CSS% (MIN 0)REF INT: UNIT EFF DATE: 1998 Apr 02

OPER: GLENCOEBASED ON 100.0%GLENCOE 48.3676%EXP DATE: 2003 Apr 01



C-700-0002

OPER: GLENCOE




Report Id: RP-0053


Wells

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Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PETM-054-0061 BA TWP 44 RGE 26 W4M SE SEC 7

C-054-0063 AOIL 25.0%GLENCOE 48.313575%LSE DATE: 1998 May 13 PET IN VIKING "A"

CAPL 1990BASED ON 100.0%EFF DATE: 1998 May 13

No ROFR AppliesPDBY GLENCOE 48.313575%REF INT: UNIT EXP DATE: 1999 May 12


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH NGM-054-0062 BA TWP 44 RGE 26 W4M SE SEC 7

C-054-0063 ABASED ON 100.0%GLENCOE 48.313575%LSE DATE: 1998 May 13 NG IN VIKING "A"

CAPL 1990PDBY GLENCOE 48.313575%EFF DATE: 1998 May 13

No ROFR AppliesREF INT: UNIT EXP DATE: 1999 May 12


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE


C-054-0063 ZALL 20.0%GLENCOE 48.365112%LSE DATE: 1998 Jan 01 PNG IN VIKING "A"

CAPL 1990BASED ON 100.0%EFF DATE: 1988 Jul 19





C-700-0002 BASED ON 37.5%


ROYALTY LINKS

C-054-0061 A

ROFR Unknown




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-054-0063 ZAALL 20.0%GLENCOE 48.367621%LSE DATE: 1998 May 01 PNG IN VIKING "A"




EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0057 AA TWP 44 RGE 26 W4M (LSD 5) SW

C-054-0063 AALL 16.0%GLENCOE 48.313575%LSE DATE: 1998 Mar 19 SEC 9




EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-054-0057 BA TWP 44 RGE 26 W4M (LSD 6) SW





EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE









Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0002

OPER: GLENCOE




Report Id: RP-0053

Mineral Schedule "A" Report - Chigwell Viking B Unit

Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0046 C TWP 41 RGE 25 W4M SE SEC 10

C-048-0388 AALL S/S GLENCOE 49.3%CR: 30960 PNG IN VIKING "B"

CAPL 1990OTHER CSS% LSE DATE: 1972 Sep 25

No ROFR AppliesPDBY GLENCOE 49.3%REF INT: UNIT EFF DATE: 1972 Sep 24

OPER: GLENCOEGLENCOE 50.255596%EXP DATE: 1982 Sep 23



C-700-0001 BASED ON 14.0%


ROYALTY LINKS

C-048-0357 J

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0047 A TWP 41 RGE 25 W4M NE SEC 10

C-048-0388 BALL S/S GLENCOE 45.78125%CR: 117858 PNG IN VIKING "B"

CAPL 1990OTHER CSS% LSE DATE: 1960 Jan 21

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 1959 Dec 03

OPER: GLENCOEPDBY GLENCOE 45.78125%GLENCOE 50.255596%EXP DATE: 1980 Dec 02

MNRL INT: 100.0


C-700-0001 ALL 3.0%



ROYALTY LINKS

C-048-0358 GNONCONV GOR

ROFR UnknownALL 5.46875%

C-048-0083 FHBASED ON 84.375%


C-048-0357 I

ROFR UnknownNONCONV GOR

ALL 3.0%

BASED ON 12.5%

PDBY GLENCOE 45.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0388 CALL 12.5%GLENCOE 46.5625%LSE DATE: 1973 Dec 20 PNG IN VIKING "B"

CAPL 1990BASED ON 100.0%EFF DATE: 1973 Dec 20





C-700-0001 BASED ON 25.0%


ROYALTY LINKSNONCONV GOR

C-048-0083 BBALL 5.75%

ROFR UnknownBASED ON 68.75%

C-048-0357 BPDBY GLENCOE 45.0%

ROFR Unknown

C-048-0358 INONCONV GOR


BASED ON 25.0%

PDBY GLENCOE 45.0%


C-048-0388 CALL 12.5%GLENCOE 46.5625%LSE DATE: 1973 Jun 20 PNG IN VIKING "B"

CAPL 1990BASED ON 100.0%EFF DATE: 1973 Jun 20





C-700-0001 BASED ON 25.0%



C-048-0083 BBALL 5.75%



ROFR Unknown




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



BASED ON 25.0%

PDBY GLENCOE 45.0%

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0051 A TWP 41 RGE 25 W4M NW SEC 15

C-048-0388 CALL 12.5%GLENCOE 46.5625%LSE DATE: 1973 Jun 19 PNG IN VIKING "B"






C-700-0001 BASED ON 25.0%



C-048-0083 HBALL 5.75%



ROFR Unknown



BASED ON 25.0%

PDBY GLENCOE 45.0%


C-048-0388 CALL 25.0%GLENCOE 46.5625%LSE DATE: 1974 Nov 27 PNG IN VIKING "B"






C-700-0001 BASED ON 25.0%





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0083 BBALL 5.75%



ROFR Unknown



BASED ON 25.0%

PDBY GLENCOE 45.0%

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0639 A TWP 41 RGE 25 W4M E SEC 21

C-048-0388 EALL 3.25%GLENCOE 80.0%LSE DATE: 2013 Jan 11 (UNDIVIDED 1/7 INTEREST)

CAPL 1990BASED ON 84.375%EFF DATE: 2013 Jan 11 PNG IN VIKING B

No ROFR AppliesPDBY GLENCOE 80.0%REF INT: UNIT EXP DATE: 2016 Jan 10




C-700-0001 BASED ON 100.0%


ROYALTY LINKS

C-048-0357 C

ROFR Unknown








C-700-0001 BASED ON 100.0%


ROYALTY LINKS




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0357 C

ROFR Unknown








C-700-0001 BASED ON 100.0%


ROYALTY LINKS

C-048-0357 C

ROFR Unknown








C-700-0001 BASED ON 100.0%


ROYALTY LINKS

C-048-0357 C

ROFR Unknown








Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands




C-700-0001 BASED ON 100.0%


ROYALTY LINKS

C-048-0357 C

ROFR Unknown








C-700-0001 BASED ON 100.0%


ROYALTY LINKS

C-048-0357 C

ROFR Unknown








C-700-0001 BASED ON 100.0%


ROYALTY LINKS




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0357 C

ROFR Unknown








C-700-0001 BASED ON 100.0%


ROYALTY LINKS

C-048-0357 C

ROFR Unknown








C-700-0001 BASED ON 12.5%



C-048-0083 LCALL 6.125%


C-048-0357 DPDBY GLENCOE 45.0%

ROFR Unknown

C-048-0358 MNONCONV GOR


BASED ON 12.5%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

PDBY GLENCOE 45.0%

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0025 B TWP 41 RGE 25 W4M SW SEC 22







C-700-0001 BASED ON 12.5%



C-048-0083 LCALL 6.125%


C-048-0357 DPDBY GLENCOE 45.0%

ROFR Unknown

C-048-0358 MNONCONV GOR


BASED ON 12.5%

PDBY GLENCOE 45.0%

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0032 A TWP 41 RGE 25 W4M SE SEC 22

C-048-0388 BALL S/S GLENCOE 45.78125%CR: 33847A PNG IN VIKING "B"






C-700-0001 BASED ON 12.5%



C-048-0083 MAALL 6.125%





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0358 LPDBY GLENCOE 45.0%

ROFR Unknown

C-048-0357 ENONCONV GOR


BASED ON 12.5%

PDBY GLENCOE 45.0%

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0033 A TWP 41 RGE 25 W4M NW SEC 22

C-048-0388 DALL S/S GLENCOE 45.625%CR: 0477010011 PNG IN VIKING "B"

CAPL 1990OTHER CSS% LSE DATE: 1977 Jan 12

No ROFR AppliesPDBY GLENCOE 45.625%REF INT: UNIT EFF DATE: 1977 Jan 12

OPER: GLENCOEGLENCOE 50.255596%EXP DATE: 1982 Jan 11



C-700-0001 BASED ON 10.0%



C-048-0083 JBALL 6.2%


C-048-0357 GPDBY GLENCOE 45.0%

ROFR Unknown

C-048-0358 NNONCONV GOR


BASED ON 10.0%

PDBY GLENCOE 45.0%

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0733 A TWP 41 RGE 25 W4M SW SEC 27

C-048-0430 AALL 3.0%GLENCOE 45.78125%LSE DATE: 2015 Jan 30 PNG IN VIKING "B"

CAPL 1990BASED ON 12.5%EFF DATE: 2015 Jan 30



NONCONV GOR


C-700-0001 BASED ON 84.375%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



C-048-0083 GBALL 3.0%


C-048-0357 FPDBY GLENCOE 45.0%

ROFR Unknown

C-048-0342 BNONCONV GOR


C-048-0358 PBASED ON 100.0%


NONCONV LOR

ALL 18.0%

BASED ON 100.0%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0030 A TWP 41 RGE 25 W4M SE SEC 28

C-048-0388 FALL 6.5%GLENCOE 45.0%CR: 117860 PNG IN VIKING "B"

CAPL 1990BASED ON 100.0%LSE DATE: 1960 Jan 21

No ROFR AppliesPDBY GLENCOE 45.0%REF INT: UNIT EFF DATE: 1959 Dec 03

OPER: GLENCOEGLENCOE 50.255596%EXP DATE: 1980 Dec 02

SLIDING SCALEMNRL INT: 100.0

REF INT OPER CONTALL S/S EXT CODE: HB UNIT

C-700-0001 OTHER CSS%


ROYALTY LINKS

C-048-0357 H

ROFR Unknown




Report Id: RP-0053

Mineral Schedule "A" Report - Chigwell Viking Unit No. 1

Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0383 AALL 17.0%GLENCOE 47.5%LSE DATE: 2004 May 25 PNG IN VIKING "E"




EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0003

OPER: GLENCOE

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0116 AB TWP 42 RGE 26 W4M SE SEC 24

C-048-0383 BALL 7.0%GLENCOE 48.3875%CR: 0477030147 PNG IN VIKING "E"

CAPL 1990BASED ON 35.5%LSE DATE: 1977 Mar 30

No ROFR AppliesPDBY GLENCOE 50.0%REF INT: UNIT EFF DATE: 1977 Mar 30

OPER: GLENCOEGLENCOE 47.958203%EXP DATE: 1982 Mar 29


REF INT OPER CONTALL S/S EXT CODE: 15




ROYALTY LINKS



C-054-0008 CDBASED ON 50.0%


CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0116 AC TWP 42 RGE 26 W4M SE SEC 24

C-048-0306 ABALL S/S GLENCOE 62.20422%CR: 0477030147 EDM/BELLY RIVER NG VENT FLOW

CAPL 1990OTHER CSS% LSE DATE: 1977 Mar 30 PRODUCTION FROM 8-24-42-26

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 1977 Mar 30 W4M WELL

OPER: GLENCOEPDBY GLENCOE 58.05%GLENCOE 47.958203%EXP DATE: 1982 Mar 29

MNRL INT: 100.0


C-700-0003 ALL 2.0%





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

PDBY GLENCOE 90.0%

RENT INT OPER CONT

C-048-0306 AB

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-054-0008 CC

ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0116 BC TWP 42 RGE 26 W4M NW SEC 24

C-048-0383 DALL 7.0%GLENCOE 48.254063%CR: 0477030147 PNG IN VIKING "E"









ROYALTY LINKS

C-048-0309 GNONCONV GOR


C-054-0008 CDBASED ON 50.0%


CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0116 BE TWP 42 RGE 26 W4M NW SEC 24





MNRL INT: 100.0


C-700-0003 ALL 2.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


PDBY GLENCOE 90.0%

RENT INT OPER CONT

C-048-0306 AB

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-054-0008 CC

ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0116 CB TWP 42 RGE 26 W4M SW SEC 24

C-048-0383 CALL 7.0%GLENCOE 48.18735%CR: 0477030147 PNG IN VIKING "E"









ROYALTY LINKS

C-048-0309 FNONCONV GOR


C-054-0008 CDBASED ON 50.0%


CUR INT OPER CONTSLIDING SCALECUR INT: POOL LSE TYPE: CR PNGM-048-0116 CD TWP 42 RGE 26 W4M SW SEC 24





MNRL INT: 100.0





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-700-0003 ALL 2.0%


PDBY GLENCOE 90.0%

RENT INT OPER CONT

C-048-0306 AB

CAPL 1990

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-054-0008 CC

ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0116 DB TWP 42 RGE 26 W4M NE SEC 24

C-048-0383 EALL 7.0%GLENCOE 48.259508%CR: 0477030147 PNG IN VIKING "E"






C-700-0003 BASED ON 50.0%


ROYALTY LINKSSLIDING SCALE

C-048-0309 HALL S/S

ROFR UnknownOTHER CSS%

C-054-0008 CABASED ON 100.0%


CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0078 B TWP 42 RGE 26 W4M SW SEC 25

C-048-0383 FALL S/S GLENCOE 47.916668%CR: 0483080147 PNG IN VIKING "E"

CAPL 1990OTHER CSS% LSE DATE: 1983 Aug 25

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 1983 Aug 25

OPER: GLENCOEPDBY GLENCOE 47.916668%GLENCOE 47.958203%EXP DATE: 1988 Aug 24

MNRL INT: 100.0




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

REF INT OPER CONTNONCONV GORROYALTY INTEXT CODE: 15

C-700-0003 ALL 7.0%NONCONV GOR

OPER: GLENCOEBASED ON 16.6667%ALL 2.0%

PDBY GLENCOE 50.0%BASED ON 23.775%

ROYALTY LINKSPDTO GLENCOE 47.5%

C-048-0309 CNONCONV GOR


C-048-0114 JBASED ON 23.775%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0431 C TWP 42 RGE 26 W4M NW SEC 25

C-048-0383 GALL 7.0%GLENCOE 48.4375%LSE DATE: 2005 Sep 05 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 37.5%EFF DATE: 2005 Sep 05 (LIES EAST OF EAST LIMIT OF

No ROFR AppliesPDBY GLENCOE 50.0%REF INT: UNIT EXP DATE: 2008 Sep 04 ROAD ALLOWANCE - TOTAL 128.68

OPER: GLENCOEGLENCOE 47.958203%MNRL INT: 25.0 AC=52.1 HA)

NONCONV LOREXT CODE: HB UNIT (NOTE: ENTIRE ACREAGE FOR NW

REF INT OPER CONTOIL 17.5%25 IS 52.1 HA DUE TO

C-700-0003 BASED ON 100.0%SHARP-HEAD RESERVE)

OPER: GLENCOEPDBY GLENCOE 48.4375%PNG IN VIKING "E"

ROYALTY LINKSNONCONV LOR

C-048-0309 DSLIDING SCALE

ROFR UnknownGAS S/S

BASED ON 100.0%














Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



ROFR UnknownGAS S/S

BASED ON 100.0%













ROFR UnknownGAS S/S

BASED ON 100.0%
















Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROFR UnknownGAS S/S

BASED ON 100.0%













ROFR UnknownGAS S/S

BASED ON 100.0%


CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0464 C TWP 42 RGE 26 W4M SE SEC 25

C-048-0383 AALL 17.0%GLENCOE 47.5%LSE DATE: 2005 Sep 29 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2005 Sep 29 PNG IN VIKING "E"



SLIDING SCALEEXT CODE: HB UNIT

REF INT OPER CONTALL S/S 23.8365

C-700-0003 (MIN 5.0 MAX 15.0 )

OPER: GLENCOEGAS 15.0%

BASED ON 100.0%

ROYALTY LINKSPDBY GLENCOE 47.5%

C-048-0281 AB

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0501 B TWP 42 RGE 26 W4M SE SEC 25




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0383 AALL 18.0%GLENCOE 47.5%LSE DATE: 2003 Jan 30 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2003 Feb 24 PNG IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0003

OPER: GLENCOE

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0126 AA TWP 42 RGE 26 W4M (PTN) SE

C-048-0383 HALL 7.0%GLENCOE 48.00075%LSE DATE: 1979 May 15 SEC 26

CAPL 1990BASED ON 20.03%EFF DATE: 1979 May 15 (15.2 HA OR 37.6 AC)

No ROFR AppliesPDBY GLENCOE 50.0%REF INT: UNIT EXP DATE: 1984 May 14 PNG IN VIKING "E"



REF INT OPER CONTALL 7.5%ROYALTY INT

C-700-0003 BASED ON 100.0%NONCONV GOR

OPER: GLENCOEPDBY GLENCOE 47.5%ALL 7.5%

BASED ON 100.0%

ROYALTY LINKSNONCONV LORPDTO GLENCOE 28.5%

C-048-0127 DAALL 3.0%

ROFR UnknownBASED ON 100.0%ROYALTY INT

C-048-0147 ABPDBY GLENCOE 48.00075%NONCONV LOR


C-048-0309 ANONCONV LORBASED ON 100.0%

ROFR UnknownALL 9.5%PDTO GLENCOE 28.89406%

C-048-0114 KBASED ON 100.0%

ROFR UnknownPDBY GLENCOE 48.00075%ROYALTY INT

NONCONV GOR

NONCONV GORALL 2.0%

ALL 2.0%BASED ON 42.7474%

BASED ON 42.7474%PDTO GLENCOE 47.5%

PDBY GLENCOE 47.5%

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0126 B TWP 42 RGE 26 W4M NE SEC 26




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0383 AALL 9.5%GLENCOE 47.5%LSE DATE: 1979 May 15 (76.5 HA OR 189.5 AC)

CAPL 1990BASED ON 100.0%EFF DATE: 1979 May 15 PNG IN VIKING "E"







BASED ON 71.325%

ROYALTY LINKSNONCONV GORPDTO GLENCOE 47.5%

C-048-0114 LALL 7.5%


C-048-0127 HAPDBY GLENCOE 47.5%NONCONV GOR


C-048-0147 CANONCONV LORBASED ON 100.0%


BASED ON 100.0%

PDBY GLENCOE 47.5%ROYALTY INT

NONCONV LOR

ALL 3.0%

BASED ON 100.0%

PDTO GLENCOE 28.89406%


C-048-0383 AALL 9.5%GLENCOE 47.5%LSE DATE: 1979 May 15 (64.7 HA OR 160 ACRES)








BASED ON 71.325%


C-048-0114 LALL 7.5%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0127 HAPDBY GLENCOE 47.5%NONCONV GOR


C-048-0147 CANONCONV LORBASED ON 100.0%


BASED ON 100.0%

PDBY GLENCOE 47.5%ROYALTY INT

NONCONV LOR

ALL 3.0%

BASED ON 100.0%

PDTO GLENCOE 28.89406%

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0127 CA TWP 42 RGE 26 W4M (PTN) SW

C-048-0383 IALL 7.0%GLENCOE 48.2558594%LSE DATE: 1979 May 15 SEC 26

CAPL 1990BASED ON 30.234375%EFF DATE: 1979 May 15 (12.5 HA OR 31 ACRES)

No ROFR AppliesPDBY GLENCOE 50.0%REF INT: UNIT EXP DATE: 1984 May 14 PNG IN VIKING "E"






BASED ON 100.0%


C-048-0127 EAALL 7.5%



ROFR Unknown

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0130 AA TWP 42 RGE 26 W4M (PTN) SW

C-048-0383 IALL 7.0%GLENCOE 48.2558594%LSE DATE: 1983 Jul 18 SEC 26

CAPL 1990BASED ON 30.234375%EFF DATE: 1983 Jul 18 (PTN METHODIST MISSION -

No ROFR AppliesPDBY GLENCOE 50.0%REF INT: UNIT EXP DATE: 1986 Jul 17 52.2 HA OR 129 ACRES->

OPER: GLENCOEGLENCOE 47.958203%MNRL INT: 100.0 CONFIRMING WITH LAWYERS)

NONCONV LOREXT CODE: HB UNIT PNG IN VIKING "E"





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-700-0003 BASED ON 100.0%


ROYALTY LINKS

C-048-0309 B

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0130 B TWP 42 RGE 26 W4M (PTN) SE

C-048-0383 HALL 20.0%GLENCOE 48.00075%LSE DATE: 1983 Jul 18 SEC 26

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Jul 18 (PTN METHODIST MISSION -

No ROFR AppliesPDBY GLENCOE 48.00075%REF INT: UNIT EXP DATE: 1986 Jul 17 151.6 AC OR 61.30 HA)

OPER: GLENCOEGLENCOE 47.958203%MNRL INT: 100.0 PNG IN VIKING "E"





BASED ON 42.7474%


C-048-0309 AALL 2.0%


C-048-0114 KPDBY GLENCOE 47.5%

ROFR Unknown




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0128 B TWP 42 RGE 26 W4M SE SEC 34

C-048-0384 AALL 2.0%GLENCOE 48.0%LSE DATE: 1979 May 15 (61.1 HA)








BASED ON 53.4937%

ROYALTY LINKSSLIDING SCALEPDTO GLENCOE 47.5%

C-048-0114 EALL S/S

ROFR Unknown(MIN 6.0 MAX 12.0 )ROYALTY INT

C-048-0127 AABASED ON 20.0%NONCONV GOR

ROFR UnknownPDBY GLENCOE 50.0%ALL 7.5%

C-048-0323 ABASED ON 100.0%

ROFR UnknownNONCONV LORPDTO GLENCOE 28.5%

ALL 12.5%

BASED ON 100.0%

PDBY GLENCOE 48.0%

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0128 C TWP 42 RGE 26 W4M (PTN) NE

C-048-0384 AALL 12.5%GLENCOE 48.0%LSE DATE: 1979 May 15 SEC 34

CAPL 1990BASED ON 100.0%EFF DATE: 1979 May 15 (72 HA EXCL PTN COVERED BY

No ROFR AppliesPDBY GLENCOE 48.0%REF INT: UNIT EXP DATE: 1984 May 14 WATERS OF BATTLE RIVER)






BASED ON 53.4937%


C-048-0127 AAALL 7.5%


C-048-0323 APDBY GLENCOE 48.0%NONCONV GOR




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0114 ESLIDING SCALEBASED ON 100.0%

ROFR UnknownALL S/S PDTO GLENCOE 28.5%

(MIN 6.0 MAX 12.0 )

BASED ON 20.0%

PDBY GLENCOE 50.0%


C-048-0384 BALL 17.0%GLENCOE 47.5%LSE DATE: 2011 Feb 09 (UNDIVIDED 1/2 INTEREST)




EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0007

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0007

OPER: GLENCOE


C-048-0384 BALL 20.0%GLENCOE 47.5%LSE DATE: 2006 Jun 10 PNG IN VIKING "E"




EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0007




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2007 Aug 22 PNG IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0007

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2007 Aug 22 PNG IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0007

OPER: GLENCOE


C-048-0384 BSLIDING SCALEGLENCOE 47.5%LSE DATE: 2008 Jan 20 (UNDIVIDED 83/100 INTEREST)

CAPL 1990ALL S/S EFF DATE: 2008 Jan 20 PNG IN VIKING "E"

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EXP DATE: 2011 Jan 19

OPER: GLENCOEPDBY GLENCOE 47.5%GLENCOE 47.986916%MNRL INT: 83.0

EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0007

OPER: GLENCOE


C-048-0384 BSLIDING SCALEGLENCOE 47.5%LSE DATE: 2008 Jan 20 (UNDIVIDED 83/100 INTEREST)

CAPL 1990ALL S/S EFF DATE: 2008 Jan 20 PNG IN VIKING "E"




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EXP DATE: 2011 Jan 19


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0007

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0129 A TWP 43 RGE 26 W4M (PTN) NE

C-048-0384 BALL 12.5%GLENCOE 47.5%LSE DATE: 1981 Sep 24 SEC 2

CAPL 1990BASED ON 100.0%EFF DATE: 1981 Sep 24 (EXCL 2 AC OR 0 809 HA STRIP

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: 1987 Sep 23 PARALLEL TO THE SHARPHEAD

OPER: GLENCOEGLENCOE 47.986916%MNRL INT: 100.0 INDIAN RESERVE)

NONCONV GOREXT CODE: HB UNIT PNG IN VIKING "E"


C-700-0007 BASED ON 100.0%


ROYALTY LINKS

C-048-0157 AA

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0131 A TWP 43 RGE 26 W4M (PTN) NW

C-048-0384 BALL 12.5%GLENCOE 47.5%LSE DATE: 1983 Sep 12 SEC 2

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Sep 12 (EXCL 2 AC OR .809 HA OF

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: 1989 Sep 11 SHARPHEAD INDIAN RESERVE)




C-700-0007 BASED ON 100.0%


ROYALTY LINKS

C-048-0158 AA

ROFR Unknown




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0384 BALL 17.0%GLENCOE 47.5%LSE DATE: 1983 Sep 28 (UNDIVIDED 83/100 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Sep 28 PNG IN VIKING "E"







BASED ON 71.325%


C-048-0114 M

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: IOG PNGM-048-0158 A TWP 43 RGE 26 W4M (PTN) NE

C-048-0384 BALL S/S GLENCOE 47.5%LSE DATE: 1985 Apr 25 SEC 2

CAPL 1990BASED ON 100.0%EFF DATE: 1985 Apr 25 (2 ACRE OR 0.809 HA STRIP

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: 1990 Apr 24 ONLY)


EXT CODE: SEC 24

REF INT OPER CONTEXT DATE: 2020 Apr 24

C-700-0007

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: IOG PNGM-048-0158 B TWP 43 RGE 26 W4M (PTN) NW

C-048-0384 BALL S/S GLENCOE 47.5%LSE DATE: 1985 Apr 25 SEC 2

CAPL 1990BASED ON 100.0%EFF DATE: 1985 Apr 25 (2 ACRE OR 0.809 HA STRIP

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: 1990 Apr 24 ONLY)


EXT CODE: SEC 24

REF INT OPER CONTEXT DATE: 2020 Apr 24

C-700-0007

OPER: GLENCOE





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0384 BALL 18.5%GLENCOE 47.5%LSE DATE: 1983 Apr 13 (UNDIVIDED 17/100 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Apr 13 PNG IN VIKING "E"







BASED ON 71.325%


C-048-0114 M

ROFR Unknown






EXT CODE: HBP

REF INT OPER CONT

C-700-0007

OPER: GLENCOE






EXT CODE: HBP

REF INT OPER CONT

C-700-0007

OPER: GLENCOE


C-048-0384 CALL 16.0%GLENCOE 50.0%LSE DATE: 2009 Apr 15 (UNDIVIDED 1/5 INTEREST)




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990PDBY GLENCOE 50.0%EFF DATE: 2009 Apr 15 PNG IN VIKING "E"

No ROFR AppliesREF INT: UNIT EXP DATE: 2012 Apr 14

OPER: GLENCOESLIDING SCALEGLENCOE 47.986916%MNRL INT: 20.0

ALL S/S EXT CODE: HB UNIT

REF INT OPER CONT(MIN 6.0 MAX 12.0 )

C-700-0007 BASED ON 50.0%


ROYALTY LINKS

C-048-0326 A

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0553 B TWP 43 RGE 26 W4M (PTN) SW

C-048-0384 CALL 16.0%GLENCOE 50.0%LSE DATE: 2009 Apr 15 SEC 11

CAPL 1990PDBY GLENCOE 50.0%EFF DATE: 2009 Apr 15 (64.7 HA EXCL. 0.809 HA)

No ROFR AppliesREF INT: UNIT EXP DATE: 2012 Apr 14 (UNDIVIDED 1/5 INTEREST)

OPER: GLENCOESLIDING SCALEGLENCOE 47.986916%MNRL INT: 20.0 PNG IN VIKING "E"



C-700-0007 BASED ON 50.0%


ROYALTY LINKS

C-048-0326 A

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0554 A TWP 43 RGE 26 W4M (PTN) SW

C-048-0384 CALL 16.0%GLENCOE 50.0%LSE DATE: 2009 Apr 14 SEC 11

CAPL 1990PDBY GLENCOE 50.0%EFF DATE: 2009 Apr 14 (0.809 HA PORTION)

No ROFR AppliesREF INT: UNIT EXP DATE: 2012 Apr 13 PNG IN VIKING "E"

OPER: GLENCOESLIDING SCALEGLENCOE 47.986916%MNRL INT: 100.0



C-700-0007 BASED ON 50.0%





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROYALTY LINKS

C-048-0326 A

ROFR Unknown


C-048-0384 CALL 16.0%GLENCOE 50.0%LSE DATE: 2009 Mar 19 (UNDIVIDED 4/5 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2009 Mar 19 PNG IN VIKING "E"




REF INT OPER CONTALL S/S

C-700-0007 (MIN 6.0 MAX 12.0 )


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0326 A

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0555 B TWP 43 RGE 26 W4M (PTN) SW

C-048-0384 CALL 16.0%GLENCOE 50.0%LSE DATE: 2009 Mar 19 SEC 11

CAPL 1990BASED ON 100.0%EFF DATE: 2009 Mar 19 (EXCLUDING .809 HECTARES)

No ROFR AppliesPDBY GLENCOE 50.0%REF INT: UNIT EXP DATE: 2012 Mar 18 (UNDIVIDED 4/5 INTEREST)




C-700-0007 (MIN 6.0 MAX 12.0 )


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0326 A

ROFR Unknown




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0086 A TWP 41 RGE 25 W4M NW SEC 32

C-048-0385 AALL S/S GLENCOE 47.5%CR: 0476120101 PET IN VIKING "E"

CAPL 1990OTHER CSS% LSE DATE: 1976 Dec 15



MNRL INT: 100.0

REF INT OPER CONTSLIDING SCALEROYALTY INTEXT CODE: 15

C-700-0009 ALL S/S 1/150SLIDING SCALE

OPER: GLENCOE(MIN 5.0 MAX 15.0 )ALL S/S 1/150

GAS 15.0% (MIN 0.25/MCF c/mcf)(MIN 5.0 MAX 15.0 )

ROYALTY LINKSOTHER 15% GAS 15.0% (MIN 0.25/MCF c/mcf)

C-048-0133 ABBASED ON 100.0%OTHER 15%

CAPL 1981PDBY GLENCOE 47.5%BASED ON 100.0%

No ROFR AppliesPDTO GLENCOE 48.75%

C-048-0337 HSLIDING SCALE

General 0000ALL S/S

No ROFR Applies(MIN 6.0 MAX 12.0 )

PDBY GLENCOE 50.0%

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0086 B TWP 41 RGE 25 W4M NE SEC 32

C-048-0385 CALL S/S GLENCOE 48.125%CR: 0476120101 PET IN VIKING "E"

CAPL 1990OTHER CSS% LSE DATE: 1976 Dec 15



MNRL INT: 100.0


C-700-0009 ALL 20.0%NONCONV GOR

OPER: GLENCOEBASED ON 17.83125%ALL 20.0%



C-048-0114 HSLIDING SCALE

ROFR UnknownALL S/S

C-048-0337 A(MIN 6.0 MAX 12.0 )

General 0000BASED ON 25.0%

No ROFR AppliesPDBY GLENCOE 50.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0385 AALL 12.5%GLENCOE 47.5%LSE DATE: 1973 Mar 14 PET IN VIKING "E"

CAPL 1990BASED ON 100.0%EFF DATE: 1973 Mar 14



SLIDING SCALEEXT CODE: HBP

REF INT OPER CONTOIL S/S 1/150ROYALTY INT

C-700-0009 (MIN 5.0 MAX 15.0 )SLIDING SCALE

OPER: GLENCOEBASED ON 100.0%OIL S/S 1/150

PDBY GLENCOE 47.5%(MIN 5.0 MAX 15.0 )

ROYALTY LINKSBASED ON 100.0%

C-048-0133 BBSLIDING SCALEPDTO GLENCOE 48.75%

CAPL 1981ALL S/S


C-048-0337 HPDBY GLENCOE 50.0%

General 0000

No ROFR AppliesNONCONV GOR

C-048-0342 AALL 2.0%


PDBY GLENCOE 50.0%



CAPL 1990BASED ON 100.0%EFF DATE: 2009 Jul 21 PET IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE


C-048-0385 AALL 17.0%GLENCOE 47.5%LSE DATE: 2010 Feb 08 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2010 Feb 08 PET IN VIKING "E"




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: FH PNGM-048-0587 B TWP 42 RGE 25 W4M SW SEC 5

C-048-0385 FOIL S/S GLENCOE 48.192708%LSE DATE: 2011 Mar 14 (UNDIVIDED 1/3 INTEREST)

CAPL 1990(MIN 6.0 MAX 12.0 )EFF DATE: 2011 Mar 14 PET IN VIKING "E"

No ROFR AppliesBASED ON 27.7083%REF INT: UNIT EXP DATE: 2014 Mar 13


EXT CODE: HB UNIT

REF INT OPER CONTNONCONV LOR

C-700-0009 ALL 16.0%



ROYALTY LINKS

C-048-0337 C

General 0000

No ROFR Applies






EXT CODE: HB UNIT


C-700-0009 ALL 16.0%



ROYALTY LINKS

C-048-0337 C

General 0000




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

No ROFR Applies






EXT CODE: HB UNIT


C-700-0009 ALL 16.0%



ROYALTY LINKS

C-048-0337 C

General 0000

No ROFR Applies


C-048-0385 AALL 16.0%GLENCOE 47.5%LSE DATE: 2010 Dec 18 (UNDIVIDED 1/2 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2010 Dec 18 PET IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE


C-048-0385 AALL 16.0%GLENCOE 47.5%LSE DATE: 2012 Mar 21 (UNDIVIDED 7/20 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2012 Mar 21 PET IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2012 Apr 05 PET IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0563 A TWP 42 RGE 25 W4M N SEC 6

C-048-0385 AALL S/S GLENCOE 47.5%CR: 0483050027 TWP 42 RGE 25 W4M SE SEC 6

CAPL 1990OTHER CSS% LSE DATE: 1983 May 05 PET IN VIKING "E"



MNRL INT: 100.0


C-700-0009

OPER: GLENCOE


C-048-0385 HALL 18.5%GLENCOE 48.4375%LSE DATE: 1984 May 28 PET IN VIKING "E"






C-700-0009 (MIN 6.0 MAX 12.0 )




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0337 D

General 0000

No ROFR Applies

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0125 A TWP 42 RGE 25 W4M (LSD 12,

C-048-0385 AALL 2.0%GLENCOE 47.5%LSE DATE: 1979 May 14 13) NW SEC 7

CAPL 1990BASED ON 23.775%EFF DATE: 1979 May 14 PET IN VIKING "E"



NONCONV LOREXT CODE: HBP




BASED ON 23.775%

RENT INT OPER CONTNONCONV GORPDTO GLENCOE 47.5%

C-048-0134 AAALL 7.5%

CAPL 1981BASED ON 100.0%ROYALTY INT

No ROFR AppliesPDBY GLENCOE 47.5%NONCONV GOR

OPER: GLENCOEALL 7.5%

BASED ON 100.0%


C-048-0127 BA

ROFR Unknown

C-048-0114 C

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: POOL LSE TYPE: FEE FEEM-048-0137 A TWP 42 RGE 25 W4M (LSD'S 11,

C-048-0134 AAALL 12.5%GLENCOE 47.5%LSE DATE: 1983 Nov 10 14) NW SEC 7

CAPL 1981BASED ON 100.0%EFF DATE: 1983 Nov 10 PET IN VIKING "E"



NONCONV GOREXT CODE: HBP




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands




BASED ON 23.775%

RENT INT OPER CONTPDTO GLENCOE 47.5%

C-048-0134 AA

CAPL 1981

No ROFR Applies

OPER: GLENCOE

ROYALTY LINKS

C-048-0114 C

ROFR Unknown

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0239 A TWP 42 RGE 25 W4M (LSD'S 4,

C-048-0385 AALL 15.0%GLENCOE 47.5%LSE DATE: 1998 Jul 29 5) SW SEC 7

CAPL 1990BASED ON 100.0%EFF DATE: 1998 Jul 29 (UNDIVIDED 1/2 INTEREST)

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: 2001 Jul 28 PET IN VIKING "E"


EXT CODE: HBP

REF INT OPER CONT

C-700-0009

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0240 A TWP 42 RGE 25 W4M (LSD'S 4,

C-048-0385 AALL 15.0%GLENCOE 47.5%LSE DATE: 1998 Aug 07 5) SW SEC 7

CAPL 1990BASED ON 100.0%EFF DATE: 1998 Aug 07 (UNDIVIDED 1/2 INTEREST)

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: 2001 Aug 06 PET IN VIKING "E"


EXT CODE: HBP

REF INT OPER CONT

C-700-0009

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FEE FEEM-048-0325 B TWP 42 RGE 25 W4M (LSD'S 3,




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-048-0385 AALL 12.5%GLENCOE 47.5%LSE DATE: 2000 Aug 18 6) SW SEC 7

CAPL 1990BASED ON 100.0%EFF DATE: 2000 Aug 18 PET IN VIKING "E"

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: NIL


EXT CODE: HBP

REF INT OPER CONT

C-700-0009

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0573 AB TWP 42 RGE 25 W4M SE SEC 7

C-048-0385 DALL 22.5%GLENCOE 48.75%LSE DATE: 2010 Aug 31 PET IN VIKING "E"

CAPL 1990BASED ON 100.0%EFF DATE: 2010 Aug 31





C-700-0009 (MIN 6.0 MAX 12.0 )


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0337 B

General 0000

No ROFR Applies

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0630 B TWP 42 RGE 25 W4M SW SEC 8





EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands





EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE



CAPL 1990BASED ON 100.0%EFF DATE: 2012 Apr 05 PET IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0121 AC TWP 42 RGE 25 W4M E SEC 18

C-048-0385 IALL S/S GLENCOE 47.63125%CR: 0477030145 PET IN VIKING "E"

CAPL 1990OTHER CSS% LSE DATE: 1977 Mar 30

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 1977 Mar 30


MNRL INT: 100.0

REF INT OPER CONTSLIDING SCALEEXT CODE: 15

C-700-0009 ALL S/S

OPER: GLENCOE(MIN 6.0 MAX 12.0 )

BASED ON 17.75%

ROYALTY LINKSPDBY GLENCOE 50.0%

C-048-0122 C

CAPL 1981NONCONV GOR

No ROFR AppliesALL 1.0%

C-048-0122 CBASED ON 50.0%

CAPL 1981PDBY GLENCOE 46.875%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

No ROFR Applies


General 0000ALL 1.0%



CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: CR PNGM-048-0121 BC TWP 42 RGE 25 W4M NW SEC 18

C-048-0385 KALL 1.0%GLENCOE 48.075%CR: 0477030145 PET IN VIKING "E"





REF INT OPER CONTALL 1.0%ROYALTY INTEXT CODE: 15


OPER: GLENCOEPDBY GLENCOE 46.875%OIL 2.0%

BASED ON 11.8875%

ROYALTY LINKSSLIDING SCALEPDTO GLENCOE 47.5%

C-048-0337 FALL S/S

General 0000OTHER CSS%



CAPL 1974

No ROFR AppliesNONCONV GOR

C-054-0022 BOIL 2.0%

CAPL 1974BASED ON 11.8875%

No ROFR AppliesPDBY GLENCOE 47.5%

C-048-0114 B

ROFR UnknownSLIDING SCALE

ALL S/S

(MIN 6.0 MAX 12.0 )

BASED ON 35.5%

PDBY GLENCOE 50.0%

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0121 CC TWP 42 RGE 25 W4M SW SEC 18

C-048-0385 IALL S/S GLENCOE 47.63125%CR: 0477030145 PET IN VIKING "E"




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CAPL 1990OTHER CSS% LSE DATE: 1977 Mar 30

No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 1977 Mar 30


MNRL INT: 100.0


C-700-0009 OIL 2.0%NONCONV GOR

OPER: GLENCOEBASED ON 11.8875%OIL 2.0%



C-048-0122 CSLIDING SCALE

CAPL 1981ALL S/S


C-048-0122 CBASED ON 17.75%

CAPL 1981PDBY GLENCOE 50.0%

No ROFR Applies


General 0000ALL 1.0%



ROFR Unknown

NONCONV GOR

ALL 1.0%

BASED ON 50.0%


CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0460 B TWP 42 RGE 25 W4M PTN SW SEC

C-048-0385 AOIL 10.0%GLENCOE 47.5%LSE DATE: 2005 Jun 10 19

CAPL 1990BASED ON 100.0%EFF DATE: 2005 Jun 10 (UNDIVIDED 1/8 INTEREST)

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: 2007 Jun 09 (EXCL 1.47 HA IN RAILWAY

OPER: GLENCOEGLENCOE 47.8930209%MNRL INT: 12.5 PLAN C. & E. NO. 1)

NONCONV LOREXT CODE: HBP PET IN VIKING "E"




BASED ON 100.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0180 A

CAPL 1981

No ROFR Applies










BASED ON 100.0%


C-048-0180 A

CAPL 1981

No ROFR Applies










BASED ON 100.0%


C-048-0180 A

CAPL 1981

No ROFR Applies




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands










BASED ON 100.0%


C-048-0180 A

CAPL 1981

No ROFR Applies

CUR INT OPER CONTNONCONV GORCUR INT: WI LSE TYPE: FH PNGM-048-0509 B TWP 42 RGE 25 W4M SW SEC 19

C-048-0385 AOIL 10.0%GLENCOE 47.5%LSE DATE: 2007 Jul 19 (EXCL 1.47 HA IN RAILWAY

CAPL 1990BASED ON 100.0%EFF DATE: 2007 Jul 19 PLAN C&E NO.1)

No ROFR AppliesPDBY GLENCOE 47.5%REF INT: UNIT EXP DATE: 2011 Jul 18 (UNDIVIDED 1/2 INTEREST)

OPER: GLENCOEGLENCOE 47.8930209%MNRL INT: 50.0 PET IN VIKING "E"





BASED ON 100.0%


C-048-0180 A

CAPL 1981

No ROFR Applies

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0594 A TWP 42 RGE 25 W4M (PTN) SW

C-048-0385 ABASED ON 100.0%GLENCOE 47.5%LSE DATE: 2011 Jan 20 SEC 19

CAPL 1990PDBY GLENCOE 47.5%EFF DATE: 2011 Jan 20 (1.469 HA IN RAILWAY PLAN

No ROFR AppliesREF INT: UNIT EXP DATE: 2014 Jan 19 C&E NO.1)





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0009

OPER: GLENCOE


C-048-0385 AALL S/S GLENCOE 47.5%CR: 0409050174 PET IN VIKING "E"




MNRL INT: 100.0


C-700-0009

OPER: GLENCOE


C-048-0385 MALL 20.0%GLENCOE 49.0%LSE DATE: 1983 Mar 25 SEC 13

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Mar 25 (64.7 HA IN NE/4 EXCL 2.2 HA

No ROFR AppliesPDBY GLENCOE 49.0%REF INT: UNIT EXP DATE: 1986 Mar 24 IN RAILWAY R.O.W.)




C-700-0009 (MIN 6.0 MAX 12.0 )


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0337 G

General 0000

No ROFR Applies

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0160 E TWP 42 RGE 26 W4M (PTN) NW

C-048-0385 MALL 20.0%GLENCOE 49.0%LSE DATE: 1983 Mar 25 SEC 13

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Mar 25 (51.6 HA IN NW/4 EXCL 1.19

No ROFR AppliesPDBY GLENCOE 49.0%REF INT: UNIT EXP DATE: 1986 Mar 24 HA IN RAILWAY R.O.W.)





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands



C-700-0009 (MIN 6.0 MAX 12.0 )


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0337 G

General 0000

No ROFR Applies


C-048-0385 MALL 30.0%GLENCOE 49.0%LSE DATE: 1983 Oct 03 SEC 13

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Oct 03 (2.2 HA IN RAILWAY R.O.E.)

No ROFR AppliesPDBY GLENCOE 49.0%REF INT: UNIT EXP DATE: 1984 Oct 02 PET IN VIKING "E"




C-700-0009 (MIN 6.0 MAX 12.0 )


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0337 G

General 0000

No ROFR Applies

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0162 C TWP 42 RGE 26 W4M (PTN) NW

C-048-0385 MALL 30.0%GLENCOE 49.0%LSE DATE: 1983 Oct 03 SEC 13

CAPL 1990BASED ON 100.0%EFF DATE: 1983 Oct 03 (1.19 HA IN RAILWAY R.O.E.)

No ROFR AppliesPDBY GLENCOE 49.0%REF INT: UNIT EXP DATE: 1984 Oct 02 PET IN VIKING "E"




C-700-0009 (MIN 6.0 MAX 12.0 )


PDBY GLENCOE 50.0%




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

ROYALTY LINKS

C-048-0337 G

General 0000

No ROFR Applies






EXT CODE: HBP

REF INT OPER CONT

C-700-0009

OPER: GLENCOE






EXT CODE: HBP

REF INT OPER CONT

C-700-0009

OPER: GLENCOE






EXT CODE: HBP

REF INT OPER CONT

C-700-0009

OPER: GLENCOE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0385 AALL 17.0%GLENCOE 47.5%LSE DATE: 2006 Oct 30 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2006 Oct 30 PET IN VIKING "E"



EXT CODE: HBP

REF INT OPER CONT

C-700-0009

OPER: GLENCOE


C-048-0385 AALL 17.0%GLENCOE 47.5%LSE DATE: 2006 Oct 30 (UNDIVIDED 1/4 INTEREST)

CAPL 1990BASED ON 100.0%EFF DATE: 2006 Oct 30 PET IN VIKING "E"



EXT CODE: HBP

REF INT OPER CONT

C-700-0009

OPER: GLENCOE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: FH PNGM-048-0561 B TWP 43 RGE 26 W4M NE SEC 10

C-048-0386 AALL S/S GLENCOE 50.0%LSE DATE: 2008 Oct 21 (UNDIVIDED 3/4 INTEREST)

CAPL 1990(MIN 6.0 MAX 12.0 )EFF DATE: 2008 Oct 21 PET IN VIKING "E"

No ROFR AppliesBASED ON 46.25%REF INT: UNIT EXP DATE: 2011 Oct 20


EXT CODE: HB UNIT


C-700-0008 ALL 20.0%


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0324 A

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: FH PNGM-048-0561 CA TWP 43 RGE 26 W4M SE SEC 15





EXT CODE: HB UNIT


C-700-0008 ALL 20.0%


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0324 A

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: FH PNGM-048-0562 B TWP 43 RGE 26 W4M NE SEC 10





EXT CODE: HB UNIT





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands

C-700-0008 ALL 20.0%


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0324 A

ROFR Unknown

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: FH PNGM-048-0562 C TWP 43 RGE 26 W4M SE SEC 15





EXT CODE: HB UNIT


C-700-0008 ALL 20.0%


PDBY GLENCOE 50.0%

ROYALTY LINKS

C-048-0324 A

ROFR Unknown



CAPL 1990PDBY GLENCOE 50.0%EFF DATE: 2009 Apr 15 PET IN VIKING "E"



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0008

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0553 D TWP 43 RGE 26 W4M NE SEC 11


CAPL 1990PDBY GLENCOE 50.0%EFF DATE: 2009 Apr 15 PET IN VIKING "E"





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0008

OPER: GLENCOE






EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0008

OPER: GLENCOE

CUR INT OPER CONTNONCONV LORCUR INT: WI LSE TYPE: FH PNGM-048-0555 D TWP 43 RGE 26 W4M NE SEC 11





EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0008

OPER: GLENCOE

CUR INT OPER CONTSLIDING SCALECUR INT: WI LSE TYPE: CR PNGM-048-0410 A TWP 43 RGE 26 W4M SE SEC 14

C-048-0386 BALL S/S GLENCOE 47.5%CR: 0404040803 PET IN VIKING "E"


No ROFR AppliesBASED ON 100.0%REF INT: UNIT EFF DATE: 2004 Apr 22

OPER: GLENCOEPDBY GLENCOE 47.5%GLENCOE 48.20469%EXP DATE: 2009 Apr 21

MNRL INT: 100.0


C-700-0008

OPER: GLENCOE




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


C-048-0386 BALL 18.0%GLENCOE 47.5%LSE DATE: 2009 Apr 09 PET IN VIKING "E"

CAPL 1990PDBY GLENCOE 47.5%EFF DATE: 2009 Apr 09



EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0008

OPER: GLENCOE

CUR INT OPER CONTCUR INT: WI LSE TYPE: FEE FEEM-048-0576 B TWP 43 RGE 26 W4M SW SEC 14

C-048-0386 BGLENCOE 47.5%LSE DATE: 2010 Aug 24 PET IN VIKING "E"

CAPL 1990EFF DATE: 2010 Aug 01

No ROFR AppliesREF INT: UNIT EXP DATE: NIL


REF INT OPER CONT

C-700-0008

OPER: GLENCOE


C-048-0386 BALL 16.0%GLENCOE 47.5%LSE DATE: 2007 Nov 30 PET IN VIKING "E"




EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0008

OPER: GLENCOE


C-048-0386 BALL 20.0%GLENCOE 47.5%LSE DATE: 2010 Feb 04 PET IN VIKING "E"






Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


EXT CODE: HB UNIT

REF INT OPER CONT

C-700-0008

OPER: GLENCOE


C-048-0386 BALL 17.0%GLENCOE 47.5%LSE DATE: 2005 Nov 08 (UNDIVIDED 1/3 INTEREST)




NONCONV ORREXT CODE: HBP


C-700-0008 BASED ON 66.6667%


ROYALTY LINKSNONCONV ORR

C-048-0317 AAALL 5.0%


C-048-0320 AAPDBY GLENCOE 47.5%

ROFR Unknown

CUR INT OPER CONTNONCONV ORRCUR INT: WI LSE TYPE: FH PNGM-048-0545 B TWP 43 RGE 26 W4M SW SEC 22







C-700-0008 BASED ON 66.6667%



C-048-0317 AAALL 17.0%





Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands


ROFR Unknown








C-700-0008 BASED ON 66.6667%



C-048-0317 AAALL 5.0%



ROFR Unknown








C-700-0008 BASED ON 66.6667%



C-048-0317 AAALL 17.0%



ROFR Unknown




Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands








C-700-0008 BASED ON 66.6667%



C-048-0317 AAALL 5.0%



ROFR Unknown








C-700-0008 BASED ON 66.6667%



C-048-0317 AAALL 17.0%



ROFR Unknown







Report Id: RP-0053


Wells

Contract


Interests

Seller's

Information

Title

Number

File Lands





C-700-0008 BASED ON 66.6667%



C-048-0317 AAALL 5.0%



ROFR Unknown








C-700-0008 BASED ON 66.6667%



C-048-0317 AAALL 17.0%



ROFR Unknown


10

8630757.1

Schedule "D"

Encumbrances

Alberta PPR Registration Number 10061816724 with respect to a security agreement in favour of Royal Bank

of Canada.

Alberta PPR Registration Number 14041510745 with respect to a land charge in favour of Royal Bank of

Canada.

Alberta PPR Registration Number 14041510762 with respect to a security agreement in favour of Royal Bank

of Canada.

Alberta PPR Registration Number 14041516432 with respect to a security agreement in favour of Borden

Ladner Gervais LLP, Trustee.

Alberta PPR Registration Number 14041516446 with respect to a land charge in favour of Borden Ladner

Gervais LLP, Trustee.

Alberta PPR Registration Number 14041617794 with respect to a security agreement in favour of Borden

Ladner Gervais LLP, Trustee.

Alberta PPR Registration Number 14041617852 with respect to a land charge in favour of Borden Ladner

Gervais LLP, Trustee.

Alberta PPR Registration Number 16071223037 with respect to a security agreement in favour of Dugan

Production Company and Dugan Production Corp.

Alberta PPR Registration Number 16071305942 with respect to a land charge in favour of Dugan Production

Company and Dugan Production Corp.

8631031.1

Schedule "C"

Form of Sealing Order

See attached.

8631054.1

Clerk's Stamp:






DOCUMENT SEALING ORDER

ADDRESS FOR SERVICE

AND CONTACT



Field Law LLP

400, 444 - 7 Avenue SW



Phone Number: (403) 260-8537

Fax Number: (403) 264-7084


File No. TBD


2400, 525 - 8 Avenue SW



Phone Number: (403) 260-0159

Fax Number: (403) 260-0332


File No. 63936-8

DATE ON WHICH ORDER WAS PRONOUNCED: November 15, 2017

LOCATION WHERE ORDER WAS PRONOUNCED: Calgary, Alberta

NAME OF JUSTICE WHO MADE THIS ORDER: The Honourable Mr. Justice C.M. Jones

UPON THE APPLICATION of Hardie & Kelly Inc. (the "Receiver") as Court-Appointed

Receiver and Manager of the undertaking, property and assets of Glencoe Resources Ltd. (the

"Debtors"); AND UPON reading the Application of the Receiver filed November 7, 2017, the Seventh

Report of the Receiver dated November 7, 2017 (the "Seventh Report") and the Confidential Supplement

to the Seventh Report dated November 7, 2017 (the "Confidential Supplement");

IT IS HEREBY ORDERED AND DECLARED THAT:

1. Service of the Notice of Application for this Order is hereby validated and deemed good and

sufficient, this application is properly returnable today, and no person other than those persons

served is entitled to service of the Notice of Application.

mailto:[email protected]

mailto:[email protected]

8631054.1

2. The Confidential Supplement shall be sealed on the Court file and shall not form part of the

public record, notwithstanding Division 4, Part 6 of the Alberta Rules of Court.

3. The Confidential Supplement shall be sealed until the Receiver is discharged of its duties as

evidenced by the Receiver filing a Discharge Certificate in the within Action or ninety (90) days

from the dated of a Discharge Order being granted in these proceedings, whichever shall occur

first.

4. The Clerk of this Honourable Court shall file the Confidential Supplement in a sealed envelope

attached to a notice that sets out the style of cause of these proceedings and states that;

THIS ENVELOPE CONTAINS CONFIDENTIAL MATERIALS FILED BY

HARDIE & KELLY INC., IN ITS CAPACITY AS THE COURT-

APPOINTED RECEIVER AND MANAGER OF GLENCOE RESOURCES

LTD. THE CONFIDENTIAL MATERIALS ARE SEALED PURSUANT TO

THE SEALING ORDER ISSUED BY JUSTICE C.M. JONES ON

NOVEMBER 15, 2017.

5. The Receiver shall serve by courier, fax transmission, email transmission or ordinary post, a copy

of this Order on all parties present at this Application and on all parties who received notice of

this Application or who are presently on the service list established in these proceedings and such

service shall be deemed good and sufficient for all purposes.

J.C.Q.B.A. or Clerk of the Court