Kodiak - 1.2 billion barrels of marketable liquids independently assessed by Netherland, Sewell & Associates (“NSAI”).

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Kodiak Field: Gross 100% Working Interest Contingent Recoverable Resources

Resource Category

Oil

(million bbls)

NGLs

(million bbls)

Residual Gas

(BCF)
Total Marketable Liquids*
(million bbls)
Low Estimate (1C) 168.5 299.9 2,151.7 468.3
Best Estimate (2C) 425.8 782.1 5,396.3 1,207.9
High Estimate (3C) 1,029.7 1,811.6 11,748.6 2,841.3

* Pantheon addition of Oil & NGLs