1. Export Debate and Reception
Sponsored by OSG and Remora
Prompted by industry interest
in a DOT paper earlier in the day:
The Lower Tertiary Trend and the Oil Export Economic Prize
Peter Lovie, Devon Energy Corporation

2. The Lower Tertiary Trend in GoM: scene of the future “Shoot out at the LT Corral”
Louisiana
Texas
Miocene Trend
Focused on Miocene and Lower Tertiary trends
One of the top positions in the Lower Tertiary trend in terms of acreage and prospect opportunities
Transition
Devon has demonstrated success with four discoveries in the Lower Tertiary…
Lower Tertiary Trend 2

3. New Orleans, Louisiana: 6 pm Tuesday 3 February 2009
Tombstone Arizona:
3 pm Wednesday
26 October 1881
The OK Corral
Wyatt Earp Morgan Earp Virgil Earp Doc Holliday Ike Clanton
(Burt Lancaster in 1957 Movie) (Kirk Douglas in 1957)
New Orleans, Louisiana: 6 pm Tuesday 3 February 2009
Jim Healey Tom Burgess Gene Kliewer Peter Lovie Kim Diederichsen

4. Lower Tertiary Trend Encouraging Industry Results
Kaskida
Chuck
Silvertip
FPSO
Cascade
Baha
Stones
Great White
Tiger
Sardinia
Tucker
Green Bay
Chinook
Gotcha
? ? ?
Diamondback
Hadrian
Julia
Das Bump
SPAR
Tobago
St. Malo
Jack
Lower
Trident
Toledo
Tertiary
Hal
Trend
14 announced discoveries out of 23 wells drilled
Trend data for Alaminos Canyon, Keathley Canyon and Walker Ridge only
Additional penetrations along trend to the northeast
Industry Discovery
Industry Non-Commercial
Results Unannounced
NYSE: DVN 4