Orientation to Users Red text indicates customization

Orientation to Users • Red text indicates customization for your presentation is required • Be specific but don’t get bogged down in details (keep it simple and clear) • Do not use acronyms • Be proactive, not reactive (in terms of the result you want from this presentation)

Orientation to Users • Think about the end result you are looking for from the presentation and use the Slides and Appendices appropriately. • For example, is your focus: – – – Recognition of the value of land asset management Alignment to corporate strategy Presence at the decision making table Part of the recruiting process Adequate resourcing

The Value of Land Asset Management

Land Asset Management • Consists of professionals working in: Minerals Contracts Joint Ventures/Joint Interests Surface Road Use/Third Party Agreements – Acquisitions & Divestitures – Systems/Reporting/Core Services – Abandonment and Reclamation – – –

What We Do • Create, enhance and maintain the value of mineral, surface, joint venture/interest assets from acquisition through exploration/development to expiry/disposition or reclamation

Basic Asset Lifecycle

Land Asset Management Has Evolved • What started as a clerical administration role has evolved to become a complex and analytical profession that attracts and employs people with specialized education. • Land asset management personnel contribute to the big picture for their respective companies and participate as knowledgeable, capable, integrated business partners.

How We Provide Value • Mitigate (non-technical) risk: acquire/protect/enhance land assets • Generate and protect revenue (i. e. royalty income, offsets, fee simple leasing, road use, etc. ) • Ensure accurate land data management and reporting • Facilitate the optimization of land assets by providing analysis and expert advice.

How We Provide Value • When Land Asset Management contributes to corporate objectives and strategic planning we: - Ensure compliance with rules, regulations and obligations Enhance corporate reputation Protect corporate integrity Build competitive advantage Provide a voice with government agencies Improve capital resources Influence focus and ultimate outcome of projects Advance safety and environment issues Extend asset lifecycle duration Impact budgeting and cost recovery

Who We Work With

Appendix I: Risk Mitigation • Non-Compliance – Regulatory – Contractual • Consequences – – – – Shareholder confidence, ability to raise capital Reputation, negative publicity Loss of rights, trespass issues, lawsuits, over/under payment Liability ratings, licence to operate Regulatory enforcement ladder (i. e. ERCB, OGC, etc. ) Securities Commissions issues for publicly traded company Low staff morale, inability to hire/attract quality people

Appendix II: Organization Chart • Insert your organizational chart here

Appendix III: Maps • Insert any map(s) of landholdings/plays etc. that you feel are appropriate here.

Appendix IV: Acreage/Expiry Info • Acreage numbers – by play/jurisdiction • Expiry information – by play/jurisdiction • Data that may be appropriate to your presentation

Appendix V: Statistics • Number of jurisdictions • Numbers of areas • File count (could be Mineral, Surface, JI or all three)

Appendix VI: Surface & Mineral Land • There are two types of land holdings: Surface and Mineral. Access to both are required before any exploration or development activity begins. - Surface Rights grant the owner the right to the surface of the land the air above it. Surface rights can be owned by individuals, other oil and gas companies, governments and aboriginal groups. - Mineral Rights refers to the oil, natural gas and other minerals contained within geological structures below the surface of the ground. The mineral rights can be owned by individuals (freeholders), companies or federal & provincial governments (crown).

Appendix VII - Quotes “You can’t get the grease without the lease. ” – Anonymous (AAPG Explorer Special Issue January, 2000) “Buy land, they’re not making it any more. ” – Mark Twain “Land really is the best art. ” – Andy Warhol “Land is the basis of all wealth. ” – Adam Smith

Appendix VIII CAPLA The Canadian Association of Petroleum Land Administration brings together more than 2500 people who work in Land Asset Management and provides a wide range of benefits including: • • • Education programs and events Certification of professional standards Opportunities to volunteer and build leadership skills Government relations Networking

Thank You