Results Summary

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Results Summary
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Revenue and Profit from Operations
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Financial
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Capital Expenditure
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Cash Flow
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Hunting PLC

• Corporate Strategy
• Maximise Global Footprint
• Continuance of Market Share Strength
• Proprietary Technologies
• Asset Utilisation

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Gibson Energy
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Gibson Energy
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Gibson EnergyProfit from Operations
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Gibson EnergyMarketing Activities

• Buy, sell trade 250k bbls/day
• Crude Oil Light, Heavy, Bitumen
• Diluent (Natural Gas Condensate)
• LPG, Natural Gas, Propane
• Wellsite Fluids
• Eleven strategically placed custom terminals used
  for quality management
• Specialized skills in trading, risk management
  and logistics systems,
• Marketing assets throughout Western Canada,
  together with trucks and strategically placed
  pipelines. A creation of time and quality based
  arbitrage can occur in virtually any market
  condition
• Over 20 grades of Canadian crude are aggregated
  on multiple feeder pipeline systems giving
  multiple sources of arbitrage

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Gibson EnergyMarketing Opportunities

• Expansion of assets
• Physical and financial
• Athabasca heavy oil volume growth
• Increased gas market share
• Expansion of Wellsite Fluids business
• Emerging Carbon Dioxide markets
• Volatility

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Gibson EnergyTruck Transportation Activities

• 600 tractor units, 1,000 trailer units largest
  crude oil fleet in Western Canada
• 250,000 bpd hauling capacity
• HSE excellence
• Synergies between business units

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Gibson EnergyTruck Transportation Opportunities

• Tar sand growth
• Enhanced margins in growing business environment
• Diversify by growing chemical, asphalt and
  Wellsite Fluid hauling
• Lead industry in next generation trailers
• Invest replacement capital in multi-functional
  trailers
• State of the art onboard computer system
• electronic data capture
• real time invoicing and custom billing
• web access
• compliance and driver monitoring

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Gibson EnergyHardisty Terminal

• Largest of the Gibson Terminal facilities
• 1.6 million barrels of storage
• 250k bpd throughput
• Strategic location

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Gibson EnergyEdmonton South Terminal

• 451,500 Barrels of Storage
• Handles diesel produced by Suncor facility in
• Fort McMurray
• Receives product by pipeline and load to rail and
  trucks
• Receives crude oil and condensate by pipeline,
  truck and rail in support of Gibson Marketing
  blending operations
• New rail facility to handle Petro-Canada low
  sulphur diesel

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Gibson EnergyEdmonton North Terminal

• New facility 310K barrel capacity
• Pipeline connected to feeder pipeline systems to
  facilitate receipt of crude oil and condensate
  in support of Gibson Marketing blending
  operations
• Connected to Enbridge mainline and Transmountain
  export pipelines
• Exclusive to Gibson Marketing

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Gibson EnergyCanwest Operations

• Second largest propane company in Canada
• Operations in British Columbia, Alberta,
  Saskatchewan, Washington and North Dakota
• 45 branches and service locations
• 175 fully equipped, delivery and service vehicles

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Gibson EnergyMoose Jaw Refinery

• Processing and Distribution 16,000 bpd
• Road asphalt
• Roofing Flux
• Tops and distillate
• Wellsite Fluids
• Off-road diesel fuel

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Gibson EnergyMoose Jaw Refinery Opportunities

• Plant utilisation
• Roofing Flux market growth
• Expanded frac/distillate/diesel/tops
• Regional storage
• Taking advantage of multiple crude stream access

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Hunting Energy
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Hunting EnergyProfit From Operations
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Hunting EnergyBusiness Platforms

• Well Completion
• Providing the market manufactured products,
  proprietary technologies, engineering expertise
  and services in both below and above the well
  head for oil and gas wells.
• Well Construction
• Providing the market manufactured products,
  engineering expertise and services in the
  construction of oil and gas wells along with
  trenchless boring applications.
• Exploration and Production
• Invest at an average 10 of well cost as non
  operating partner with select independent oil
  and gas companies. Providing products and
  services to the operator as preferred supplier.

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Hunting EnergyWell Completion

• Global Manufacturing
• Accessories and Completion Equipment for Oil and
• Gas Wells
• Specialty Threading
• Print Work Manufacturing
• OEM Manufacturing
• OCTG
• Casing for Global Markets
• 2 Step Tubing for U.S. Markets
• Thread Protectors
• Well Intervention
• Down Hole Tools
• Pressure Control Equipment
• Coiled Tubing Tools

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Hunting EnergyWell Construction

• Mud Motors
• Improve Drilling Timelines
• Trenchless Technologies
• Products and Services enhancing Underground
• Construction
• Premium Connections
• Technologies for Deeper Drilling Activities
• Engineered Products Providing Well Insurance

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Hunting Energy
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Hunting Energy Well Revenue Generators by
Depth of Well
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Hunting EnergyExploration Production

• Number of wells drilled through 2006 - 18
• Number of Successes 15
• Offshore 10
• Onshore 5
• Reserve replacement for 2006 94
• 2006 production 380,628 net equivalent
• barrels from 276 individual wells

Oil Wells 1 Gas Wells 10 Gas and Oil Wells 4
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Hunting EnergyOpportunities

• Geographical expansion
• Environmentally sound thread compound
• Titanium
• Annular Pressure Release System
• Expansion of Chinese relationship
• Continued investment in human capital
• Expansion of product offering
• Growth of above the wellhead technology

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Others Profit From Operations
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Rig Count
Source Baker Hughes, Spears and Associates
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Average Oil and Gas Pricing
Source EIA
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Hunting PLCConclusions

• Continued Strong Commodity Fundamentals
• Continued EP Spend and Project Development
• Geopolitical Uncertainty
• Challenged Production Capability
• Reserve Replacements / Depletion Rates
• OPEC Cartel
• Non-OPEC Supplies
• U.S. Dollar Value
• Demand will Continue to Rise

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Hunting PLCOutlook

• Hunting Will Continue
• Maximise asset utilisation
• Increase capacity with customer assurances
• Push new technologies, products and services
  further
• Examine acquisition opportunities that meet
  financial criteria
• Deliver results

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