Reserves Committee

The mandate of the reserves committee is to assist the Board in fulfilling its responsibilities generally and under National Instrument 51-101 with respect to compliance, the oil and natural gas reserves evaluation process, public disclosure of reserves data and related information in connection with oil and gas activities.

The reserves committee is responsible for the appointment of the Corporation's independent reserves evaluator or auditor and the Corporation's procedures for providing information to such evaluator or auditor, and approval of any disclosure by the Corporation on its oil and gas activities. The reserves committee meets at least annually to fulfill its mandate.