RPS Energy provides a full range of petroleum engineering services to analyze corporate oil and gas reserves.

Reserves evaluations are conducted to support a number of objectives, including corporate year-end reporting, acquisitions and dispositions of properties, exploration prospect reviews, regulatory submissions, financial management, litigation support and corporate advisory and technical support.

RPS Energy specializes in Frontier, Offshore and International Reserve evaluations.

RPS Energy oil and gas reserve reports have been filed to support corporate information packages with financial securities exchange authorities worldwide, including the Toronto Stock Exchange, the Securities Exchange Commission of the U.S.A., the London Stock Exchange and the Australian Stock Exchange. RPS Energy has prepared reserve evaluations for oil and gas fields in Canada, U.S.A., Africa, Albania, Australia, Cameroon, Columbia, Egypt, India, Indonesia, Kazakhstan, New Zealand Pakistan, Russia, Tunisia, UK, Venezuela and Yemen.

In conducting reserve and economic evaluations, RPS Energy utilizes reserve definitions consistent with a wide range of sources, including the Society of Petroleum Engineers and the World Petroleum Congress, the US Securities and Exchange Commission, the Petroleum Society of the Canadian Institute of Mining, Metallurgy and Petroleum and the Society of Petroleum Evaluation Engineers. The process and format of reserve reporting conforms to Canada’s National Policy 2B, and is being revised to conform with the new Canadian National Instrument 51-101, to be implemented effective year end 2003.

RPS Energy utilizes a variety of technical approaches to reserve evaluations, depending on the quality of data available, the purpose of the reserve report and the needs of the client. Geophysical, petrophysical and geological inputs are incorporated with the expertise of RPS Energy’s geoscience associates, such as Petrel Robertson Consulting Limited (PRCL).

Technical reserves and production forecasts are generated utilizing a variety of inputs and processes, including Material Balance analysis, Decline analysis, Reservoir Simulation model forecasts, if available; and Integrated Production Models, if available.

Probabilistic reserve determination methodology is utilized to quantify uncertainties. In this case, RPS Energy utilizes the @RiskTM software to conduct Monte Carlo analysis of the input data to generate the probabilistic distributions for ultimate recovery and reserves.

For more information on Reserves Assessment and Economic Evaluations, please visit our website at www.apap-inc.com or contact:

Brian Weatherill 403.265.7226
713.877.9944
email: bweatherill@apa-inc.com

Hank Baird 403.265.7226
email: hbaird@apa-inc.com