Exploration Potential

FIGURE: 16

On Parcel 2, in addition to the Eagle reservoir, a number of exploration prospects have been mapped and are shown in Figure 16. These prospects have been described by ExxonMobil's within their Eagle/Chebucto Seismic Interpretation Report (Seismic Program# NS24-E40-1E). The prospects have been named by ExxonMobil as follows: North Eagle, West Australia and Reliance. North Eagle and West Australia are interpreted to potentially contain a number of stacked sands trapped within simple and fault dependent closures that have been mapped at several levels within the Logan Canyon and Mississauga. The Reliance prospect, located below the TD of Eagle D-21, is a large, high relief, crestally faulted closure mapped within the early Cretaceous lower Missisauga formation.