RESULTS OF 1997 DECEMBER 10 PUBLIC OFFERING OF OIL SANDS RIGHTS Page 1 DEVELOPMENT ACCEPTED PRICE/ LEASE PURCHASER OFFER HA COLD LAKE OIL SANDS AREA OS 893 SCOTT LAND & LEASE LTD. $249,425.76 $389.73 OS 894 ANTELOPE LAND SERVICES LTD. $170,136.48 $88.61 OS 895 MURPHY OIL COMPANY LTD. $22,624.00 $35.35 OS 896 STANDARD LAND COMPANY INC. $145,900.80 $75.99 OS 897 NO OFFERS OS 898 BRITT RESOURCES LTD. $105,728.00 $236.00 OS 899 NO OFFERS OS 900 WINDFALL RESOURCES LTD. $74,215.68 $20.71 OS 901 PARCEL WITHDRAWN BY DEPARTMENT OS 902 PARCEL WITHDRAWN BY DEPARTMENT OS 903 CANADIAN COASTAL RESOURCES LTD. $8,209.92 $8.02 OS 904 PARCEL WITHDRAWN BY DEPARTMENT ATHABASCA OIL SANDS AREA OS 905 RENAISSANCE ENERGY LTD. $12,314.00 $3.01 OS 906 RENAISSANCE ENERGY LTD. $11,610.00 $3.02 OS 907 CAVALIER LAND LTD. $118,128.64 $32.96 OS 908 RENAISSANCE ENERGY LTD. $9,298.00 $3.03 OS 909 RENAISSANCE ENERGY LTD. $11,610.00 $3.02 OS 910 SCOTT LAND & LEASE LTD. $702,170.88 $457.14 OS 911 ANTELOPE LAND SERVICES LTD. $209,992.32 $91.14 OS 912 CANADIAN COASTAL RESOURCES LTD. $39,943.68 $13.00 OS 913 WESTERN LAND SERVICES CO. LTD. $636,929.28 $276.45 OS 914 ANTELOPE LAND SERVICES LTD. $190,319.36 $106.21 OS 915 CANADIAN COASTAL RESOURCES LTD. $31,810.18 $20.71 OS 916 PIONEER LAND SERVICES LTD. $31,541.12 $123.21 OS 917 CANADIAN NATURAL RESOURCES LIMITED $66,201.60 $21.55 OS 918 CANADIAN NATURAL RESOURCES LIMITED $108,928.00 $42.55 OS 919 CENTENNIAL LAND SERVICES LTD. $239,979.52 $85.22 OS 920 AMBER ENERGY INC. $215,285.76 $105.12 ------------------------------------------------------------------------- RESULTS OF 1997 DECEMBER 10 PUBLIC OFFERING OF OIL SANDS RIGHTS Page 2 OS 921 AGADIR RESOURCES INC. $6,302.72 $3.08 OS 922 AMBER ENERGY INC. $2,501,850.00 $751.76 OS 923 AMBER ENERGY INC. $4,622,888.00 $1,203.88 OS 924 AMBER ENERGY INC. $525,525.00 $410.57 OS 925 CAVALIER LAND LTD. $11,165.44 $3.36 OS 926 AMBER ENERGY INC. $6,501,850.00 $1,814.13 OS 927 PETROLAND SERVICES (1986) LTD. $37,509.12 $16.28 OS 928 AMBER ENERGY INC. $161,000.00 $104.82 OS 929 AMBER ENERGY INC. $1,701,850.00 $511.37 OS 930 AMBER ENERGY INC. $388,000.00 $108.26 OS 931 CENTENNIAL LAND SERVICES LTD. $223,299.20 $112.55 OS 932 CENTENNIAL LAND SERVICES LTD. $51,110.40 $66.55 OS 933 AMBER ENERGY INC. $42,115.00 $54.84 OS 934 AMBER ENERGY INC. $42,115.00 $54.84 OS 935 AMBER ENERGY INC. $108,118.00 $52.79 OS 936 CENTENNIAL LAND SERVICES LTD. $53,719.04 $26.23 OS 937 CANADIAN COASTAL RESOURCES LTD. $6,128.64 $2.99 OS 938 ANTELOPE LAND SERVICES LTD. $26,818.56 $5.82 OS 939 CANADIAN COASTAL RESOURCES LTD. $24,399.36 $5.30 OS 940 CENTENNIAL LAND SERVICES LTD. $18,473.60 $12.55 OS 941 CENTENNIAL LAND SERVICES LTD. $33,734.40 $12.55 OS 942 CENTENNIAL LAND SERVICES LTD. $28,938.24 $12.56 OS 943 SCOTT LAND & LEASE LTD. $24,867.84 $8.10 OS 944 AGADIR RESOURCES INC. $8,687.36 $3.09 OS 945 AEC OIL & GAS CO. LTD. $225,612.80 $62.95 OS 946 CENTENNIAL LAND SERVICES LTD. $29,675.52 $12.88 OS 947 CENTENNIAL LAND SERVICES LTD. $80,768.00 $31.55 OS 948 CENTENNIAL LAND SERVICES LTD. $151,590.40 $45.55 OS 949 CHARTER LAND SERVICES LTD. $5,210,703.36 $884.97 OS 950 TOWNSHIP LAND CO. LTD. $1,519,257.60 $423.90 OS 951 CHARTER LAND SERVICES LTD. $3,618,693.12 $1,177.96 OS 952 BRITT RESOURCES LTD. $5,230,510.08 $1,276.98 OS 953 CENTENNIAL LAND SERVICES LTD. $93,849.60 $36.66 OS 954 BRITT RESOURCES LTD. $164,336.64 $213.98 OS 955 NORTHSTAR ENERGY CORPORATION $28,672.00 $14.00 OS 956 TOWNSHIP LAND CO. LTD. $1,216,465.92 $527.98 OS 957 CAVALIER LAND LTD. $440,000.00 $572.92 OS 958 PETROLAND SERVICES (1986) LTD. $391,688.39 $306.01 ------------------------------------------------------------------------- RESULTS OF 1997 DECEMBER 10 PUBLIC OFFERING OF OIL SANDS RIGHTS Page 3 PEACE RIVER OIL SANDS AREA OS 959 CAVALIER LAND LTD. $7,655.04 $3.32 OS 960 CANADIAN COASTAL RESOURCES LTD. $97,336.32 $63.37 OS 961 AGADIR RESOURCES INC. $650,177.28 $282.20 OS 962 WESTERN LAND SERVICES CO. LTD. $6,097.92 $5.96 OS 963 ANTELOPE LAND SERVICES LTD. $1,039,030.72 $523.71 OS 964 PIONEER LAND SERVICES LTD. $70,206.72 $45.71 OS 965 SCOTT LAND & LEASE LTD. $71,285.76 $46.41 OS 966 WESTERN LAND SERVICES CO. LTD. $101,399.04 $66.02 OS 967 WINDFALL RESOURCES LTD. $36,810.24 $23.97 OS 968 CAVALIER LAND LTD. $9,146.88 $5.96 OS 969 MURPHY OIL COMPANY LTD. $184,094.72 $179.78 OS 970 ANTELOPE LAND SERVICES LTD. $31,806.72 $20.71 OS 971 CANADIAN COASTAL RESOURCES LTD. $10,145.28 $3.30 OS 972 WESTERN LAND SERVICES CO. LTD. $2,946.56 $2.88 TOTAL BONUSES: $41,282,730.53 $237.67 TOTAL HECTARES: 173,696.000 ha ------------------------------------------------------------------------- RESULTS OF 1997 DECEMBER 10 PUBLIC OFFERING OF OIL SANDS RIGHTS ACCEPTED PRICE/ PERMIT PURCHASER OFFER HA ATHABASCA OIL SANDS AREA OS 065 AGADIR RESOURCES INC. $1,117,509.12 $207.87 OS 066 WINDFALL RESOURCES LTD. $9,025,876.48 $1,215.77 OS 067 BANCROFT OIL AND GAS LTD. $3,125,452.80 $406.96 TOTAL BONUSES: $13,268,838.40 $647.89 TOTAL HECTARES: 20,480.000 ha GRAND TOTAL of DEVELOPMENT LEASES & PERMITS: $54,551,568.93 $280.94 TOTAL HECTARES: 194,176.000 ha #########################################################################