Canadas Oil Sands

Chart Update

November 2011

Top Five World Oil Reserves 2011

Billions of Barrels Saudi Arabia Venezuela Canada 4.7 Iran Iraq 115.0 26.0 143.3 173.0 211.1 262.6

50

100

150

200

250

300

Conventional Oil

Active Oil Sands

Economically and Technologically Recoverable Oil Sands

Source: International statistics: Energy Information Administration, Canadian statistics: Alberta Energy Resources Conservation Board

Oil Sands Land Sales 2002 to 2010

Hectares Leased (thousands)
2000 1500 1200 900 1000 600 500 300 0 02 03 04 05 06 07 08 09 10 02 03 04 05 06 07 08 09 10 500 1000

Price per Hectare ($Cdn)

2000

Total Bonus ($Cdn millions)

1500

1500

0 02 03 04 05 06 07 08 09 10

Source: Alberta Department of Energy

Canadas Primary Energy Production 2009

41.20% 40.67% 8.69% 7.61% 1.80% 0.03% Crude Oil Natural Gas Coal Hydro Nuclear Renewables

Source: Oil and gas statistics: Canadian Association of Petroleum Producers Coal and electricity statistics: provincial governments, utilities and producers

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Oil Sands Production 1990 to 2010

Thousands of Barrels per Day 1500

1200

900

600

300

90

91

92

93

94

95

96

97

98

99

00

01

02

03

04

05

06

07

08

09

10

Upgraded Crude

Raw Bitumen

Source: Canadian Association of Petroleum Producers Statistics Handbook

Oil Sands Compartive Prices 2005 to 2011

U.S. Dollars per Barrel 150

120

90

60

30

Q1 Q2 Q3 2005

Q4

Q1 Q2 Q3 2006

Q4

Q1 Q2 Q3 2007

Q4

Q1 Q2 Q3 2008

Q4

Q1 Q2 Q3 2009

Q4

Q1 Q2 Q3 2010

Q4

Q1 Q2 2011

West Texas Intermediate

Canadian Par

Bow River

Bitumen

Source: WTI, Canadian Par and Bow River Pricing, Exchange Rates Canadian Association of Petroleum Producers

Q1 '05 Q3Q4 '06 Q3Q4 '07 Q3Q4 '08 Q3Q4 '09 Q3Q4 '10 Q3Q4 '11 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2

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Federal Tax Impact Due to Oil Sands

(25-year forecast) 88.1% 3.7% 3.4% 4.8% Alberta Ontario British Columbia Other Provinces

Provincial Tax Impact Due to Oil Sands

(25-year forecast) 80.1% 6.1% 5.1% 8.7% Alberta Ontario British Columbia Other Provinces

Employment Impact Due to Oil Sands

(25-year forecast) 77.2% 7.1% 6.2% 9.5% Alberta Ontario British Columbia Other Provinces

GDP Impact Due to Oil Sands

(25-year forecast) 90.6% 3.2% 2.6% 3.6% Alberta Ontario British Columbia Other Provinces

Source: Canadian Energy Research Institute, Economic Impacts of the Petroleum Industry in Canada 2009

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