James Cameron Smith

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Part of ConocoPhillips, Crestar Energy, Inc. is a Canadian company that explores for, produces, and develops oil and gas properties. The company is based in Calgary, Canada. Crestar Energy was acquired by Gulf Canada Resources Ltd. on November 14, 2000 for $1,039.28 million.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Probe Exploration, Inc. is an oil and Canadian gas exploration company that explores for, produces, and develops oil and gas properties. The company is based in Calgary, Canada. Probe Exploration was acquired by Calvalley Petroleum, Inc. on March 17, 2000 for $9.36 million.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Midway Energy Ltd. explores for oil and natural gas. The company was founded on June 6, 2006 and is headquartered in Calgary, Canada.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Midway Energy Ltd. explores for oil and natural gas. The company was founded on June 6, 2006 and is headquartered in Calgary, Canada.

Midway Energy Ltd. explores for oil and natural gas. The company was founded on June 6, 2006 and is headquartered in Calgary, Canada.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Midway Energy Ltd. explores for oil and natural gas. The company was founded on June 6, 2006 and is headquartered in Calgary, Canada.

Part of ConocoPhillips, Crestar Energy, Inc. is a Canadian company that explores for, produces, and develops oil and gas properties. The company is based in Calgary, Canada. Crestar Energy was acquired by Gulf Canada Resources Ltd. on November 14, 2000 for $1,039.28 million.

Part of ConocoPhillips, Crestar Energy, Inc. is a Canadian company that explores for, produces, and develops oil and gas properties. The company is based in Calgary, Canada. Crestar Energy was acquired by Gulf Canada Resources Ltd. on November 14, 2000 for $1,039.28 million.

Segue Energy Corp. engaged in the provision oil and gas production and distribution. The company was founded on December 6, 2000 and was headquartered in Calgary, Canada.

Penn West Energy Trust is the largest conventional oil and natural gas producing income trust. It is the owner of the largest conventional oil and natural gas reserves in Canada and operates throughout the Western Canadian sedimentary basin with a focus on resource-play potential in the peace river oil sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. The trust has considerable interests in large light/medium oil pools, an extensive in situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities. The Trust conducts a substantial capital program funded by retaining a proportion of cash flow.

Part of ConocoPhillips, Crestar Energy, Inc. is a Canadian company that explores for, produces, and develops oil and gas properties. The company is based in Calgary, Canada. Crestar Energy was acquired by Gulf Canada Resources Ltd. on November 14, 2000 for $1,039.28 million.