PUBLIC OFFERING OF CROWN OIL SANDS RIGHTS DEADLINE After 12:00 noon on March 5, 1997, offers to purchase oil sands development leases and permits contained in this public offering will not be accepted. AMOUNT OF PAYMENT (Canadian Funds Only) 1. State only the one total dollar amount submitted in your bid letter. A breakdown of the Bonus, Fee and Rent is not required. 2. The rent is $3.50 per hectare and the fee is $450 per parcel. 3. The minimum acceptable price is $2.50 per hectare (development leases) and $1.25 per hectare (permits). Offers lower than this will be rejected. 4. The Department reserves the right to reject a bid. FORM OF PAYMENT 1. ELECTRONIC FUNDS TRANSFER (EFT) the Department prefers this method of payment (see IL 95-16 for information on EFT). 2. Cheque. - Company cheques or certified personal cheques are acceptable. If payment is being made by cheque, each bid should be accompanied by an individual cheque. 3. All cheques should be made payable to: PROVINCIAL TREASURER HOW TO SUBMIT BIDS 1. The types of acceptable bids are: BID TYPE I and BID TYPE II. The type of bid and its format are identified in attachments to Information Letter 94-21. Bids may be rejected if they do not comply with these standards. 2. One envelope may contain more than one bid as long as they are for the same agreement type. 3. Bid(s) should be enclosed in a sealed envelope and clearly marked as follows: "1997 March 05 -OIL SANDS DEVELOPMENT LEASE BIDS" for Development Leases. "1997 March 05 -PERMIT BIDS" for Permits 4. Bids should be deposited in the box marked "OIL SANDS BIDS", or handed or mailed to any person acting for the manager at either the Calgary or Edmonton address: 3rd. Floor, Monenco Place 9th Floor, North Petroleum Plaza 801-6 Ave. SW 9945-108 Street Calgary, Alberta T2P 3W2 Edmonton, Alberta T5K 2G8 BIDS ARE ACCEPTED UNTIL 12:00 NOON ON THE PUBLIC OFFERING DATE. NO EXCEPTIONS. POINTS TO REMEMBER 1. Those who request a specific parcel(s) to be posted in a public offering are expected to bid on the posting(s). If the parcel(s) is not sold, the person or company that requested the posting may be charged a fee of $450 for each unsold parcel. 2. The full name of the person(s) or corporation(s) submitting a bid and their official address for service must be identified. 3. The maximum undivided interest is seven decimal places. Anything greater than this will be rounded to the seventh decimal place. ATTACHMENTS TO THIS PUBLIC OFFERING APPENDIX 2 - Contains applicable Deeper Rights Reversion Zone Designations (Drrzd's). APPENDIX 3 - Contains applicable addenda and contacts. RESULTS OF THIS PUBLIC OFFERING 1. Accepted bids will be published on Thursday, March 6, 1997 at 10:00 a.m. at the two addresses shown under the section entitled "HOW TO SUBMIT BIDS." 2. All agreements are issued in accordance with the Mines & Minerals Act and its regulations. 1997 March 05 OIL SANDS PUBLIC OFFERING NOTICE SCHEDULE A Page 1 of 2 DEVELOPMENT LEASES D.LEASE PARCELS HECTARES M RG TWP LAND DESCRIPTION ------ COLD LAKE OIL SANDS AREA ------ OS 697 256.00 4 1 054: 16 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 698 256.00 4 7 054: 16 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 699 256.00 4 7 054: 18 APPENDIX 3 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 700 256.00 4 7 054: 22 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 701 256.00 4 7 055: 6 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 702 128.00 4 7 059: 2N OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 703 256.00 4 7 059: 3 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 704 192.00 4 8 061: 26S;NW OIL SANDS IN THE MANNVILLE GRP DRRZD 4 1997 March 05 OIL SANDS PUBLIC OFFERING NOTICE SCHEDULE A Page 2 of 2 DEVELOPMENT LEASES D.LEASE PARCELS HECTARES M RG TWP LAND DESCRIPTION OS 705 256.00 4 8 061: 27 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 706 256.00 4 8 061: 28 APPENDIX 3 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 707 256.00 4 8 061: 29 APPENDIX 3 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 708 256.00 4 8 061: 32 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 12 2,880.00 ha total END 1997 March 95 OIL SANDS PUBLIC OFFERING NOTICE PERMITS SCHEDULE B Page 1 of 1 PERMIT PARCELS HECTARES M M TWP LAND DESCRIPTION ------ATHABASCA OIL SANDS AREA ------ OS 058 2,304.00 4 5 087: 5-8;17;18 4 6 087: 1;12;13 OIL SANDS BELOW THE TOP OF VIKING FM DRRZD 6 TO THE BASE OF THE WOODBEND DRRZD 258 OS 059 1,536.00 4 5 087: 19;20;29;30 4 6 087: 24;25 OIL SANDS BELOW THE TOP OF VIKING FM DRRZD 6 TO THE BASE OF THE WOODBEND DRRZD 258 OS 060 8,960.00 4 5 087: 14-16;21-23;26-28;33-35 4 5 088: 2-4;9-11;14-16;21-23;26-35 4 6 088: 25 OIL SANDS BELOW THE TOP OF VIKING FM DRRZD 6 TO THE BASE OF THE WOODBEND DRRZD 258 OS 061 2,432.00 4 8 088: 19W 4 9 088: 10-15;22-24 OIL SANDS BELOW THE TOP OF VIKING FM DRRZD 6 TO THE BASE OF THE WOODBEND DRRZD 258 4 15,232.00 ha total END Page 1 of 1 1997 MARCH 05 APPLICABLE DEEPER RIGHTS REVERSION ZONE DESIGNATIONS APPENDIX 2 DRRZD :4 Zone: 2480 MANNVILLE GROUP INTERVAL: 2 557.00 - 2985.00 FEET KEY WELL: 00/06-16-041-08W4/0 LOG TYPE: INDUCTION ELECTRICAL DRRZD: 6 Zone: 2140 VIKING FM INTERVAL: 2 600.0 - 2 680.0 FEET KEY WELL: 00/10-10-042-14W4/0 LOG TYPE: INDUCTION ELECTRICAL DRRZD: 258 Zone: 7040 WOODBEND GRP INTERVAL: 1 284.0 - 2 251.0 FEET KEY WELL: 00/10-29-077-18W4/0 LOG TYPE: SONIC END ADDENDA AND CONTACTS APPLICABLE TO THE 1997 MARCH 05 OIL SANDS PUBLIC OFFERING NOTICE Page 1 of 2 APPENDIX 3 D.LEASE (DEVELOPMENT LEASES) PARCEL NO(s). ADDENDA DESCRIPTION & CONTACT OS 699 4 7 054: 18N CONTAIN(S) PRIVATELY-OWNED LAND WITH RESTRICTIVE TOPOGRAPHIC AND/OR GROUND CONDITIONS ASSOCIATED WITH A RIVER AND/ OR CREEK VALLEY . PRIOR TO ANY SURFACE DISTURBANCE AND/OR SITE DEVELOPMENT CONTACT THE RECLAMATION INSPECTOR SHOWN. SURFACE ACCESS IS SUBJECT TO SPECIFIC RESTRICTIONS. FOR FURTHER INFORMATION PLEASE CONTACT: RECLAMATION INSPECTOR TERRY LESKIW 3RD FLOOR, PROVINCIAL BUILDING ENVIRONMENTAL PROTECTION BOX 308, 5025 - 49 AVENUE LAND RECLAMATION DIVISION ST. PAUL B TOA 3A0 ENVIRONMENTAL REGULATORY SERVICE (403) 645-6394 OS 706 4 8 061: 28N CONTAIN(S) PRIVATELY-OWNED LAND WITH RESTRICTIVE TOPOGRAPHIC AND/OR GROUND CONDITIONS ASSOCIATED WITH A RIVER AND/ OR CREEK VALLEY .PRIOR TO ANY SURFACE DISTURBANCE AND/OR SITE DEVELOPMENT CONTACT THE RECLAMATION INSPECTOR SHOWN. SURFACE ACCESS IS SUBJECT TO SPECIFIC RESTRICTIONS. FOR FURTHER INFORMATION PLEASE CONTACT: RECLAMATION INSPECTOR TERRY LESKIW 3RD FLOOR, PROVINCIAL BUILDING ENVIRONMENTAL PROTECTION BOX 308, 5025 - 49 AVENUE LAND RECLAMATION DIVISION ST. PAUL AB TOA 3A0 ENVIRONMENTAL REGULATORY SERVICE (403) 645-6394 ADDENDA AND CONTACTS APPLICABLE TO THE 1997 MARCH 05 OIL SANDS PUBLIC OFFERING NOTICE Page 2 of 2 APPENDIX 3 D.LEASE (DEVELOPMENT LEASES) PARCEL NO(s). ADDENDA DESCRIPTION & CONTACT OS 707 4 8 061: 29E CONTAIN(S) PRIVATELY-OWNED LAND WITH RESTRICTIVE TOPOGRAPHIC AND/OR GROUND CONDITIONS ASSOCIATED WITH A RIVER AND/ OR CREEK VALLEY .PRIOR TO ANY SURFACE DISTURBANCE AND/OR SITE DEVELOPMENT CONTACT THE RECLAMATION INSPECTOR SHOWN. SURFACE ACCESS IS SUBJECT TO SPECIFIC RESTRICTIONS. FOR FURTHER INFORMATION PLEASE CONTACT: RECLAMATION INSPECTOR TERRY LESKIW 3RD FLOOR, PROVINCIAL BUILDING ENVIRONMENTAL PROTECTION BOX 308, 5025 - 49 AVENUE LAND RECLAMATION DIVISION ST. PAUL AB TOA 3A0 ENVIRONMENTAL REGULATORY SERVICE (403) 645-6394 END