GAINING MOMENTUM

1
Corporate Presentation
GAINING MOMENTUM April 2006 TSX BEN
2
Disclaimers

• Forward-Looking Statements
• This presentation contains forward-looking
  statements including expectations of future
  production, cash flow and earnings. These
  statements are based on current expectations and
  assumptions that involve a number of risks and
  uncertainties, which could cause actual results
  to differ from those anticipated. These risks
  include, but are not limited to, risks associated
  with oil and gas exploration, development,
  exploitation, production, marketing and
  transportation, delays or changes in plans with
  respect to exploration or development projects or
  capital expenditures, volatility of commodity
  prices, currency fluctuations, the uncertainty of
  reserves estimates, potential environmental
  liabilities, technology risks, competition,
  incorrect assessment of the value of acquisitions
  and failure to realize the anticipated benefits
  of acquisitions. The foregoing list of factors
  is not exhaustive. Additional information on
  these and other factors that could affect Berens'
  operations or financial results are included in
  Berens' reports on file with Canadian securities
  regulatory authorities.
• The forward-looking statements contained in this
  presentation are made as of the date hereof and
  Berens does not undertake any obligation to
  update publicly or to revise any of the included
  forward-looking statements, whether as a result
  of new information, future events or otherwise.
• BOE Presentation
• Production information is commonly reported in
  units of barrel of oil equivalent ("boe").
  Readers and viewers should note that boe may be
  misleading, particularly if used in isolation.
  Because conversion is based on an energy
  equivalency primarily applicable at the burner
  tip, it does not represent a value equivalency at
  the wellhead. Where amounts are expressed on a
  boe basis, natural gas volumes have been
  converted to barrels of oil at six thousand cubic
  feet per barrel (61).
• Finding and Development Costs
• The aggregate of the exploration and development
  costs incurred in the most recent financial year
  and the change during that year in estimated
  future development costs generally will not
  reflect total finding and development costs
  related to reserve additions for that year.

3
Strategy

• Create long term SYSTEMATIC GROWTH through
• Concentration in up to 4 core areas
• Intensive use of geo-science (including 3D
  seismic), log analysis and engineering
• Superior integration of in-house petroleum skills
• Detailed technical economic selection of
  prospects
• Focus on FD costs and recycle ratio
• STICK TO OUR PLAN KEEP ON GRINDING

4
Growth Plan

• Sustain production base in eastern Alberta
  (Lanfine area)
• Continue to grow in west central Alberta through
  development of longer life reserves (Pembina
  Deep Basin)
• Participate in selected exploration plays that
  provide entry into targeted areas (Marten Hills)
• 4. Examine and selectively pursue accretive
  acquisitions (Berland Exploration)

5
Executive Team

• Bob Steele, CEO - Formerly with Canadian Hunter,
  Stellarton
• Dan Botterill, President COO - Formerly with
  Anderson, Samson
• Dell Chapman, CFO - Formerly with Suncor,
  Stellarton
• Majority of staff are long-term colleagues
• Advisors
• Engineers - Gilbert Laustsen Jung
• Auditors - Ernst Young
• Legal - Bennett Jones

6
Directors

• Jim Conroy Managing Director of Conroy Ross
  Partners
• Al Dillabough Independent businessman
• Glenn Hockley Former Chairman of Matrix
  Aquest
• Henry Lawrie Former PWC Partner and ASC Chief
  Accountant
• Paul McGarvey Independent investor and analyst
• Bob Steele Former CEO of Stellarton Energy, CEO
  of Berens
• Additional board member from Berland arrangement
  to be announced.

7
Berens Expansion

• 45 section farm-in in Marten Hills Nov 17/05
• 9 earning wells and 2 recompletions required to
  earn
• Results 7 wells drilled, 2 dry holes and 20
  sections of 3D seismic
• Additional 24 (16 net) sections added at December
  land sale
• 60 section farm-in in Pembina area Nov 30/05
• Pay 100 to earn 60 earn 2 sections for each
  well drilled
• 6 well commitment in first year with rolling
  option of 3 wells per 6 months thereafter 3
  wells drilled at March 31/06
• 3 wells planned for Q2/Q3
• Purchased Berland Exploration Ltd. Nov 30/05
• Currently 1,700 boe/d with 3 wells pending tie-in
• Focused land position 30,000 net undeveloped
  acres in Pembina Deep Basin (79 gross sections)
• Results 5 drilled (2 successful, 2 to complete
  and 1 unsuccessful)
• 10 wells planned for Q2/Q3

8
BERENS GROWTH PROGRAM
BERENS FIRST CORE AREA

• LANFINE
• Owned farm-in lands
• 88,000 gross 79,000 net
• Production 1,700 boepd
• 7 wells planned for Q2

9
BERENS GROWTH PROGRAM
NOVEMBER 17, 2005

• MARTEN HILLS
• Owned and farm-in lands
• 44,000 gross 21,000 net

• LANFINE
• Owned farm-in lands
• 88,000 gross 79,000 net

10
BERENS GROWTH PROGRAM
November 30, 2005

• MARTEN HILLS
• Owned and farm-in lands
• 44,000 gross 21,000 net

172,000 Total Net Undeveloped

• DEEP BASIN
• Karr, Bigstone, Simonette/Waskahigan
• Owned farm-in lands
• 49,000 gross 28,000 net

• PEMBINA
• Owned farm-in lands
• 63,000 gross 39,000 net

• LANFINE
• Owned farm-in lands
• 88,000 gross 79,000 net

11
Pembina

• Farm-in lands
• 60 sections
• 3 wells drilled in Q1
• 3 wells in Q2/Q3

Vermilion Farm-In

• Berland lands
• 5 wells tied in in Q1
• 250 boe/d behind pipe
• 5 wells drilled in Q1
• 7 further wells in Q2/Q3

Berland Lands
12
Deep Basin

• DEEP BASIN
• Karr/Bigstone/Berl. R.
• 90 boe/d
• 5 wells in Q1
• 3 well tied in Q1
• 100 boe/d behind pipe
• Simonette/Waskahigan
• Production 500 boepd
• 1 wells drilled in Q1
• 2 wells tied-in Q1

SIMONETTE/WASKEHIGAN
KARR
Berland Lands
BIGSTONE/ BERLAND RIVER
13
2006 Capital Plan

• 71 million budget
• LANFINE/MARTEN HILLS
• Low risk, good return development
• 3D seismic
• 22 wells
• DEEP BASIN
• Strong land position
• Multi-zone, high reserve potential
• 18 wells
• PEMBINA
• Extensive land position
• Multi-zone, lower risk Cretaceous resource
  potential
• 24 wells

Budget Allocation
Lanfine/Marten Hills20
Other 2
Deep Basin33
Pembina 45
14
Quarterly Production Forecast
15
Year-End 2005 Results
16
Share Information

• TSX BEN
• Shares outstanding
• basic 86.4 million fully diluted 90.0 million
• Share price 2.60
• Tax Pools 85 million

17
Summary

• Well-defined, balanced growth strategy
• Proven management and technical team
• Extensive concentrated growth focused land base
• Capital diversification across the risk/reward
  spectrum
• Doing what we said wed do

18
SystematicGrowth

• 2500, 500 4 Ave SWCalgary, Alberta
• 403-265-5588
• invest_at_berensenergy.com
• www.berensenergy.com