1. actualforecast Hydro, wind, and other renewables NGLs Coalbed methane Conventional natural gas Mined and in situ bitumen Conventional heavy oil Conventional L&M oil Coal Total energy production in Alberta

3. Alberta supply of crude oil and equivalent actualforecast Non upgraded bitumen Light-medium SCO Pentanes plus Heavy

4. actualforecast 10.7 7.1 5.3 3.6 1.8 0 Tcf Total marketable gas production and demand 24%25%27%35%42%

6. Figure 1.2 OPEC crude basket reference price

7. Figure 1.3 Price of WTI at Chicago actualforecast

8. Figure 1.4 Average price of oil at Alberta wellhead actualforecast

9. Figure 1.5 2005 Average monthly reference prices of Alberta crudes

11. Figure 1.7 Average price of natural gas at plant gate actualforecast

12. Drilling, casing, and completion cost estimates (PSAC 2004 and 2006 Well Cost Studies)

13. Figure 1.9 Canadian economic indicators

14. Figure 1.10 Alberta real investment actualforecast

16. Figure 2.2. Comparison of Alberta’s crude oil and crude bitumen reserves

22. Figure 2.8. Alberta crude oil and equivalent production

23. Figure 2.9. Alberta crude bitumen production Surface mining In situ actualforecast

24. Figure 2.10. Total in situ bitumen production and producing bitumen wells Production (10 3 m 3 /d)

25. Figure 2.11. Alberta synthetic crude oil production Synthetic Crude Oil Synthetic crude oil actualforecast

28. Figure 2.14. Alberta demand and disposition of crude bitumen and SCO Synthetic Crude Oil Alberta demand (mainly SCO) actualforecast SCO removals from Alberta Nonupgraded bitumen removals from Alberta

29. Figure 3.1. Remaining established reserves of crude oil Heavy Light-medium

30. Figure 3.3. Annual changes to waterflood reserves

31. Figure 3.2. Annual changes in conventional crude oil reserves

32. Figure 3.4. Distribution of oil reserves by size Remaining reserves (10 3 m 3 ) Total number of pools (10 3 m 3 ) Initial reserves (10 3 m 3 )

33. Figure 3.5. Oil pool size by discovery year

35. Figure 3.7. Geological distribution of reserves of conventional crude oil

37. Figure 3.9. Alberta’s remaining established oil Reserves versus cumulative production

38. Figure 3.10. Growth in initial established reserves of crude oil Ultimate potential (3130) actualforecast Actual as of December 31, 2005

42. Figure 3.14. Conventional crude oil production by modified PSAC area PSAC 8 PSAC 7 PSAC 5 PSAC 3 PSAC 4 PSAC 2 PSAC 1

43. Figure 3.15. Total crude oil production and producing oil wells

44. Figure 3.16. Crude oil well productivity in 2005

45. Figure 3.17. Total conventional crude oil production by drilled year % of total production from oil wells Pre-1996 200520042003200220002001 1999 1998 1997 1996 5% 3% 4% 44% 6% 3% 10% 5% 7% 8%

46. Figure 3.18. Comparison of crude oil production Texas onshore Louisiana onshore Alberta crude oil

47. Figure 3.19. Alberta crude oil price and well activity actualforecast

48. actualforecast Figure 3.20. Alberta daily production of crude oil Heavy Light-medium

49. Figure 3.21. Capacity and location of Alberta refineries

50. actualforecast Figure 3.22. Alberta demand and disposition of crude oil Crude oil removals from Alberta Alberta demand

51. Figure 3.23. Alberta supply of crude oil and equivalent actualforecast Non upgraded bitumen Light-medium SCO Pentanes plus Heavy

52. Figure 3.24. Alberta crude oil and equivalent production actualforecast

55. Figure 4.3 Coalbed methane production forecast

56. Figure 5.1. Annual reserves additions and production of conventional marketable gas

57. Figure 5.2. Remaining conventional marketable gas reserves

58. Figure 5.3. New, development, and revisions to conventional marketable gas reserves

60. Figure 5.5. Distribution of conventional gas reserves by size Remaining reserves (10 9 m 3 ) Total number of pools (10 6 m 3 ) Initial reserves (10 9 m 3 )

61. Figure 5.6. Conventional gas pools by size and discovery year

62. Figure 5.7. Geological distribution of conventional marketable gas reserves

63. Figure 5.8. Remaining conventional marketable reserves of sweet and sour gas Sweet natural gas Sour natural gas

64. Figure 5.9. Expected recovery of conventional natural gas components

65. Figure 5.10. Growth in initial established reserves of conventional marketable gas Ultimate potential (6.52) actualforecast Actual as of December 31, 2005

66. Ultimate potential based on 2004 study Figure 5.11. Conventional gas ultimate potential Remaining reserves Production

68. Figure 5.13. Conventional gas in place by geological period

70. Figure 5.15. Successful conventional gas wells drilled and connected

73. Figure 5.18. Marketable gas production by modified PSAC area PSAC 6 PSAC 4 PSAC 5 PSAC 2 PSAC 3 PSAC 1 Gas from oil wells PSAC 7 PSAC 8 % of total production from oil wells Connection year 2% 4% 3% 12% 5% 20% 38% 5% 10%

74. Figure 5.19. Conventional marketable gas production and number of producing wells

75. Figure 5.20. Natural gas well productivity in 2005

76. Pre-1996 200520042003200220002001199919981997 1996 Gas from oil wells Figure 5.21 Raw gas production by connection year % of total production from oil wells 3 Connection year 2 4 27 8 7 10 12 17 4 6

77. Figure 5.22 Average initial natural gas well productivity in Alberta

78. Figure 5.23. Alberta natural gas well activity and price actualforecast

79. Figure 5.24. Conventional marketable gas production actualforecast 7.1 5.3 3.6 1.8 0 Tcf

80. Figure 5.25. Historical volumes “available for permitting”

81. Figure 5.26. Comparison of natural gas production Texas onshore Louisiana onshore Alberta

82. Figure 5.27. Gas production from bitumen upgrading and bitumen wells actualforecast

83. Figure 5.28. Total gas production in Alberta actualforecast

85. Figure 5.30. Alberta natural gas storage injection/withdrawal volumes

86. Figure 5.31. Alberta marketable gas demand by sector Reprocessing plant shrinkage Transportation Electricity generation Other industrial Industrial - petrochemical Industrial – oil sands Residential Commercial actualforecast

87. Figure 5.32. Gas demand for bitumen recovery and upgrading actualforecast Purchased gas Produced gas from bitumen Process gas from upgrading* * Some 1.2 10 9 m 3 of process gas not shown on this chart is used for electricity generation (2006-2015).

88. actualforecast 10.7 7.1 5.3 3.6 1.8 0 Tcf Figure 5.33. Total marketable gas production and demand 24%25%27%35%42%

89. Figure 6.1. Remaining established NGL reserves expected to be extracted from conventional gas and annual production

90. Figure 6.2. Remaining established reserves of conventional natural gas liquids

92. Figure 6.4. Ethane supply and demand actualforecast * Excludes solvent flood volumes

93. Figure 6.5. Propane supply from natural gas and demand actualforecast * Excludes solvent flood volumes

94. Figure 6.6. Butanes supply from natural gas and demand actualforecast * Excludes solvent flood volumes

95. Figure 6.7. Pentanes plus supply from natural gas and demand actualforecast * Excludes solvent flood volumes

96. Figure 7.1. Sources of sulphur production Sour gas Refining and upgrading

97. Figure 7.2. Sulphur production from oil sands

98. Figure 7.3. Canadian sulphur offshore exports

99. Figure 7.4. Sulphur demand and supply in Alberta Alberta demand Removed from Alberta Stockpile actualforecast

100. Figure 8.1 Total coal production

102. Figure 8.3. Alberta marketable coal production actualforecast