Cypress

• Primarily 40% WI lands
• Current production of 60 boepd
• 3400 net hectares of undeveloped
  Doig/Montney lands.
• Recent offsetting land sales sold for
  $1000 to $4700 per hectare
• Several recompletion and drill
  opportunities in Doig Phosphate and
  Upper Montney
• Currently participating (8% WI) in
  recompletion of B-65-C
• Midway owns infrastructure