Spyglass Resources Corp. - PrecisionIR

Sustaining the Model – Low Risk, High ReturnDevelopment PortfolioDevelopment PlaysUnrisked Single Well EconomicIndicators (1)ProspectiveLocations (2)EUR(Mboe)Capex($MM) % Oil30 dayIP(boe/d)1st yr OpCosts($/boe)1st yrNetback($/boe)NPV at10%($MM)CapitalEfficiency($/boed) (5)IRR(btax)F&DCosts($/boe)Provost Viking Long Reach (3) 425 143 1.8 70% 128 7.95 38.99 2.2 22,397 53% 12.24Provost Viking Short Reach (3) 106 107 1.4 70% 85 8.38 40.80 1.6 27,389 46% 13.32Twining Pekisko 7 191 3.0 65% 168 8.33 34.14 1.6 28,511 27% 15.74Pembina Cardium 11 60 2.3 100% 169 12.17 75.67 1.2 30,417 69% 38.33Randell Slave Point 22 90 2.6 100% 138 13.03 72.43 1.4 31,988 54% 28.89Randell Gilwood 16 70 1.7 100% 135 13.37 72.09 1.5 22,500 146% 23.57Noel Cadomin 93 448 5.0 0% 982 4.16 15.96 1.1 8,995 27% 11.17Matziwin Pekisko 78 134 2.3 93% 103 7.23 64.80 2.0 31,186 56% 17.18Matziwin Glauc 3 61 1.6 82% 119 6.61 51.09 0.9 18,182 103% 26.13Southern AB Glauc 4 94 1.6 78% 90 6.90 45.96 0.8 31,185 30% 16.95Elmworth Commingled 5 467 5.0 0% 641 2.56 14.87 0.6 14,205 14% 10.70Other 274Total 1,044(1) Economic indicators based on evaluations at consultant's average October 2012 price forecasts with an effective date, investment date and start ofproduction date of January 1, 2013.(2) Includes all primary, secondary and prospective (gross) drilling locations.(3) Provost Viking economics weighted 75% freehold and 25% crown.(4) Includes Bellshill Ellerslie, Red Earth, Cranberry, Kitty and Lubicon Slave Point, Wapiti Cardium, Sutton Montney, Southern AB Mannville and others.(5) Based on 1st year average production.Spyglass Resources Corp.10