EAGLE ROCK EXPLORATION LTD'

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EAGLE ROCK EXPLORATION LTD.

• CORPORATE OVERVIEW
• ( June, 2007 )

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OVERVIEW

• COMMENCED TRADING ON THE TSX-V EXCHANGE UNDER THE
  SYMBOL ERX ON FEBRUARY 14TH, 2006.
• SHARES OUTSTANDING
• BASIC 39,662,392
• FULLY DILUTED 43,338,726
• OWNERSHIP DISTRIBUTION
• MANAGEMENT DIRECTORS
• PRIMARY 22.0
• FULLY DILUTED 29.7
• FOCUS AREAS
• SOUTHERN ALBERTA
• SOUTHWEST SASKATCHEWAN

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DIRECTORS

• RAY MACK, FCA CHAIRMAN
• PARTNER AT KENWAY MACK SLUSARCHUK STEWART,LLP
  CHARTERED ACCOUNTANTS, 1986 TO PRESENT.
• CHAIRMAN DFK INTERNATIONAL, A GLOBAL NETWORK
  OF ACCOUNTING FIRMS
• TIBOR FEKETE, P.ENG
• FOUNDER OF T. FEKETE AND ASSOCIATES INC., A
  LEADING RESERVOIR ENGINEERING FIRM IN CALGARY,
  ALBERTA
• SAT ON NUMEROUS PUBLIC AND PRIVATE COMPANY
  BOARDS.
• JACK McMANUS, P.GEOL
• FORMER PRESIDENT AND CEO OF ZEPHYR RESOURCES
  LTD., VERO RESOURCES LTD AND TUSCANY ENERGY LTD.
• OVER 40 YEARS EXPERIENCE WITH BOTH PRIVATE
  AND PUBLIC COMPANIES.
• JOHN TOMANEK, CGA
• FORMER VICE-PRESIDENT, FINANCE CFO,
  PREDATOR EXPLORATION LTD.
• PARTNER AT MCALLISTER TOMANEK COMPANY.
• JIM SILYE, BA PRESIDENT CEO
• FORMER PRESIDENT CEO, PREDATOR EXPLORATION
• FORMER OWNER/PRESIDENT WESTERN SEISMIC
  EXCHANGE LTD.
• FOUNDING DIRECTOR OF STAMPEDER EXPLORATION
  LTD., COMMAND DRILLING LTD. AND REQUEST SEISMIC
  SURVEYS LTD.
• FEDERAL MEMBER OF PARLIAMENT FOR CALGARY
  CENTRE (1993 -1997)
• ERIC TREMBLAY, B.ENG

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OFFICERS

• JIM SILYE, BA FOUNDING PRESIDENT C.E.O.
• FORMER PRESIDENT CEO, PREDATOR EXPLORATION LTD.
• FORMER OWNER/PRESIDENT WESTERN SEISMIC EXCHANGE
  LTD.
• FOUNDING DIRECTOR OF STAMPEDER EXPLORATION LTD.,
  COMMAND DRILLING LTD. AND REQUEST SEISMIC SURVEYS
  LTD.
• FORMER MEMBER OF PARLIAMENT FOR CALGARY CENTRE
  (1993-1997).
• JOHN ANDRIUK, BSc, P.Geol FOUNDING VICE-
  PRESIDENT C.O.O.
• FORMER PRESIDENT COO OF VOYAGER ENERGY INC. AND
  EXCEL ENERGY INC.
• FORMER SENIOR VICE-PRESIDENT OF DOME PETROLEUM
  (1965 1988).
• STEVEN GLOVER, FCA VICE- PRESIDENT FINANCE
  C.F.O
• FORMER VICE-PRESIDENT OF FINANCE AT VALIANT
  ENERGY INC.
• FORMER CEO OF THE INSTITUTE OF CHARTERED
  ACCOUNTANTS OF ALBERTA (1983-2005).
• RON CHAPMAN, P.ENG VICE- PRESIDENT, ENGINEERING
• FORMER COO CO FOUNDER OF SWORD ENERGY LIMITED
• 18 YEARS INDUSTRY EXPERIENCE WITH VARIOUS JUNIOR
  AND SENIOR PRODUCERS.
• LEIGH STEWART, LLB CORPORATE SECRETARY

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CAPITALIZATION

• ISSUED 39,662,393
• FUNDS RAISED 12,800,000
• 23 INSTITUTIONAL
• 30 RETAIL
• 47 HIGH NET WORTH
• OPTIONS
• REGULAR OPTIONS (0.25-0.75 Expire 2010
  2011) 3,176,333
• PERFORMANCE OPTIONS (1.30 Expire 2011)
  500,000
• FULLY DILUTED 43,338,726

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BUSINESS STRATEGY

• TO GROW RESERVES AND PRODUCTION THROUGH A
  COMBINATION OF LOW TO MEDIUM RISK DRILLING,
  STRATEGIC ACQUISITIONS AND INDUSTRY ALLIANCES
• TO SEEK HIGH POTENTIAL RETURNS WITHIN PROVEN
  AREAS DUE TO ADVANCED TECHNOLOGY AND BY-PASSED
  PAY ZONES. (e.g. RED COULEE, SOUTHERN ALBERTA)
• ENCOURAGE INTERNALLY GENERATED PROPERTIES. (e.g.
  ANTELOPE LAKE, SW SASKATCHEWAN)

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COUTTS ALBERTA

• COUTTS
• ERX operated (89 WI)
• 12 sections (net)
• Multi zone potential covered by 3-D seismic.
• Current production varies between 70 to 100
• BOEs/D
• 3D Seismic

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SOUTHERN ALBERTA

• ERX operated (100WI)
• 24 sections
• RED COULEE
• 18 sections 3D Seismic, multi zone potential.
• Facilities include a 10,000 bbls/d battery
  
• expandable up to 60,000 bbls/d
• 7 Mississippian/Rundle wells currently
• producing 400 bbls/d
• 1 Cutbank well currently producing 40 bbls/d.
• 20 development locations identified by 3D
• Seismic
• VERDIGRIS
• 5 sections 3D Seismic, multi zone
• multiple locations identified
• SUBURST
• 1 section
• to be evaluated

Verdigris
Red Coulee
Sunburst
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ANTELOPE LAKE SW SASK. New Multi-Zone Oil Field

• Current production 360 bblsl/d (net) 22
  producing wells
• 8 sections (non operated)
• Eagle Rocks Share
• BPO 42
• APO 33.6
• Newly acquired lands 2006
• 100 ERX
• 3¾ sections (includes 1 section to
• the north.
• 2 wells planned for 2007

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PRODUCTION PROFILE
Actual Estimate

• Notes
• Q2, producing wells were shut in due to
  proximity of new directional drills from the same
  pad
• Q2 drills commenced production late in quarter

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2006 FINDING AND DEVELOPMENT

• (000s)
• Capex 12,889
• Acquisitions 2006 (shares) 14,387
• Future development costs increase 3,912
• Base for FDA costs 31,188
• F D costs corporate PP 15.85
• F D costs corporate PP 12.08
• (excluding Red Coulee infrastructure costs for
  2006)
• FD A costs corporate PP 24.62
• Enterprise Value Based on Production Model
• 800 boes at 45,000/barrel
  36,000,000 (0.90/share)

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RESERVES(FORECAST PRICES)

• P (Mboe) PP(Mboe)
• December 31, 2005 95
• Extensions 1,048
• Technical Revisions 12
• Acquisitions 207
• Production (89)
• December 31, 2006 809 (64)
  1,273
• PV 10 PP (000s) 22,331

As per GLJ Petroleum Consultants
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SUMMARY

• EXPERIENCED MANAGEMENT TEAM
• OPERATED AND NON-OPERATED PROPERTIES
• CREDIT FACILITIES JUN/07(000s)
  10,000
• NET ESTIMATED DEBT AT JUN30/07(000s) 9,500
• ANTICIPATED 2007 EXIT 1,000 bbl/d
• APPROXIMATE 2007 CAPEX (000s) 10,000

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FORWARD LOOKING STATEMENTS
DISCLAIMER This disclosure contains certain
forward looking statements that involve
substantial known and unknown risks and
uncertainties, certain of which are beyond Eagle
Rock Exploration Ltd. (Eagle Rock) control,
including the impact of general economic
conditions in Canada and the United States,
industry conditions, changes in laws and
regulations including the adoption of new
environmental laws and regulations and changes in
how they are interpreted and enforced, increased
competition, the lack of availability of
qualified personnel or management, fluctuations
in foreign exchange or interest rates, stock
market volatility and mark valuations of
companies with respect to announced transactions
and the final valuation thereof, and obtaining
required approvals of regulatory authorities.
Eagle Rocks actual results, performance,
locations, working interests or achievement could
differ materially from those expressed in, or
implied by, these forward looking statements and,
accordingly, no assurances can be given that any
of the events anticipated by the forward looking
statements will transpire or occur, or if any of
them do so, what benefits, including the amount
of proceeds, that Eagle Rock will derive there
from.
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CONTACT INFORMATION
Suite 1190, 340 12th Avenue SW Calgary, AB T2R
1L5 Tel [phone] Fax [phone]
For further information please contact Mr. Jim
Silye President C.E.O. Email jimsilye_at_eagler.ca
Mr. Steve Glover VP Finance C.F.O Email
sglover_at_eagler.ca
WWW.EAGLEROCKEXPLORATION.COM