Year End results are out

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On March 6, 2014, our applications for new petroleum prospecting licenses were approved with PPL 474
replacing PPL 236, PPL 475 replacing PPL 237, and PPL 476 and PPL 477 replacing PPL 238. When these
new licenses were approved, petroleum prospecting license commitments noted above as at December 31,
2013 were terminated and replaced with the new license commitments. The new commitments require us to
spend a total of $532.0 million over their six year term. The three wells, Wahoo-1, Raptor-1 and Bobcat-1, are
being drilled under the new licenses, and are part of the new drilling commitments.