“Between now and the end of 2009 we plan to spend $1.1-1.3 billion evaluating a material part

of the natural gas potential within our 2.5 million net acres of unconventional land in North

America. Of the total, $900 million is budgeted for development programs in areas where we

have seen early success. This includes drilling approximately 200 wells in the Outer Foothills,

Montney and Bakken areas. Additionally, we expect to spend up to $420 million on pilot

programs in other parts of the Outer Foothills and Montney, as well as in Quebec and Appalachia.

By the end of 2009, we will be able to make informed choices about ongoing levels of investment

into our unconventional resource plays.