OIL SANDS PUBLIC OFFERING TOTALS Parcels From To Total Area Development Leases OS 740 OS 750 11 2,624.00 HA Permits 0 0 HA ==================================================== APRIL 30, 1997 PUBLIC OFFERING OF CROWN OIL SANDS RIGHTS (AVAILABLE ON INTERNET AT HTTP://WWW.ENERGY.GOV.AB.CA:) DEADLINE After 12:00 noon on April 30, 1997, offers to purchase oil sands development leases 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 April 30 OIL SANDS DEVELOPMENT LEASE BIDS" for Development Leases. 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 801-6 Ave. SW Petroleum Plaza 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, May 1, 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. March 5, 1997 Brian Hudson EDMONTON, AB Mineral Agreements 1997 April 30 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 740 64.00 4 06 053: 26NE OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 741 256.00 4 1 054: 8 APPENDIX 3 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 742 256.00 4 1 054: 18 APPENDIX 3 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 743 256.00 4 1 054: 20 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 744 256.00 4 1 054: 28 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 745 256.00 4 1 054: 30 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 746 256.00 4 9 055: 6 APPENDIX 3 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 747 256.00 4 10 055: 2 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 1997 April 30 OIL SANDS PUBLIC OFFERING NOTICE SCHEDULE A Page 2 of 2 DEVELOPMENT LEASES D.LEASE PARCELS HECTARES M RG TWP LAND DESCRIPTION OS 748 256.00 4 10 055: 11 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 749 256.00 4 10 055: 12 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 OS 750 256.00 4 5 056: 26 APPENDIX 3 OIL SANDS IN THE MANNVILLE GRP DRRZD 4 11 2,624.00 ha total END Page 1 of 1 1997 APRIL 30 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 END ADDENDA AND CONTACTS APPLICABLE TO THE 1997 APRIL 30 OIL SANDS PUBLIC OFFERING NOTICE Page 1 of 2 APPENDIX 3 (DEVELOPMENT LEASES) D.LEASE PARCEL NO(s). ADDENDA DESCRIPTION & CONTACT OS 741 4 1 054: 8S 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: MIKE SMITH RECLAMATION INSPECTOR ENVIRONMENTAL PROTECTION MAIN FLOOR, PROVINCIAL BUILDING LAND RECLAMATION DIVISION BOX 2169, 810 - 14 AVENUE ENVIRONMENTAL REGULATORY SERVICE WAINWRIGHT AB T0B 4P0 (403) 842-7535 OS 742 4 1 054: 18SW 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: MIKE SMITH RECLAMATION INSPECTOR ENVIRONMENTAL PROTECTION MAIN FLOOR, PROVINCIAL BUILDING LAND RECLAMATION DIVISION BOX 2169, 810 - 14 AVENUE ENVIRONMENTAL REGULATORY SERVICE WAINWRIGHT AB TOB 4P0 (403) 842-7535 ADDENDA AND CONTACTS APPLICABLE TO THE 1997 APRIL 30 OIL SANDS PUBLIC OFFERING NOTICE Page 2 of 2 APPENDIX 3 (DEVELOPMENT LEASES) D.LEASE PARCEL NO(s). ADDENDA DESCRIPTION & CONTACT OS 746 4 9 055: 6N;SW CONTAIN(S) PRIVATELY-OWNED LAND WITH RESTRICTIVE TOPOGRAPHIC AND/OR GROUND CONDITIONS ASSOCIATED WITH A RESERVOIR OR LAKE. 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: R.W. ONCIUL SENIOR RECLAMATION INSPECTOR ENVIRONMENTAL PROTECTION 3RD FLOOR, OXBRIDGEPLACE LAND RECLAMATION DIVISION 9820 - 106 STREET N.W. ENVIRONMENTAL REGULATORY SERVICE EDMONTON AB T5K 2J6 (403) 427-6212 OS 750 4 5 056: 26N;SW 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: TERRY LESKIW RECLAMATION INSPECTOR ENVIRONMENTAL PROTECTION 3RD FLOOR, PROVINCIAL BUILDING LAND RECLAMATION DIVISION BOX 308, 5025 - 49 AVENUE ENVIRONMENTAL REGULATORY SERVICE ST. PAUL AB T0A 3A0 (403) 645-6394 END