February 2005OTC: WHIT

2

Forward-Looking Statement

This presentation includes forward-looking statements made in reliance on the safe

harbor provisions of the Private Securities Litigation Reform Act of 1995. These

statements are based on Whittier's current expectations and beliefs and are subject to

a number of risks, uncertainties and assumptions that could cause actual results to

differ materially from those described in the forward-looking statements. Risks,

uncertainties and assumptions include (i) risks inherent in the exploration for and

development and production of oil and gas and in estimating reserves, (ii) the

presence or recoverability of estimated reserves, (iii) the ability to replace reserves, (iv)

unexpected future capital expenditures, (v) general economic conditions, (vi) oil and

gas price volatility, (vii) the success of our risk management activities, (viii)

competition, (ix) regulatory changes, (x) the ability of management to execute its plans

to meet its goals and (xi) other factors discussed in Whittier's filings with the United

States Securities and Exchange Commission. Whittier assumes no obligation to

publicly update or revise any forward-looking statements contained in this

presentation, whether as a result of new information, future events, or otherwise.

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The United States Securities and Exchange Commission permits oil and gas

companies, in their filings with the SEC, to disclose only proved reserves that a

company has demonstrated by actual production or conclusive formation tests to be

economically and legally producible under existing economic and operating

conditions. We use certain terms in this presentation, such as "Potential Reserve

Range," that the SEC's guidelines strictly prohibit us from including in filings with the

SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-

KSB, File No. 000-30598, as amended, available from us at Whittier Energy

Corporation - Investor Relations and Company Information, 333 Clay Street, Suite

1100, Houston, Texas, 77002. You also may obtain this information at the SEC's

public reference room, located at 450 Fifth Street NW, Washington, D.C. 20549.

Please call the SEC at 1-800-SEC-0330 for further information on the public

reference room. This filing is also available at the internet website maintained by

SEC at http://www.sec.gov.

Cautionary Note to U.S. Investors

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41

Corporate Information

OTCBB: WHIT, 52-week H/L $2.35 /$1.10; 5,545 daily trading volume Primary shares outstanding: 11,523,402 Enterprise value: $ 29.9 million (December 31, 2004) Long-term debt: $9.7 million 3Q EBITDA: $1.3 million Reserves Status: 90% proved developed* R/P Ratio: 9.5 Current net daily production: 1,100 Boepd

Production, Boe Reserves, Boe

GasOil220 MBoe09/30/04

2,750 MBoe09/30/04*

59%

41%

66%

34%

*2003 year-end reserves rolled forward to September 30, 2004, plus 2004 acquisitions of Cut Off field, three South Texas properties and discoveries year to date

5

Whittier family has been active in the California oil industry since late 1800s Participated in discovery and development of several major California fields Notable transactions:

1979 sale of Belridge Oil Co. to Shell ($3.67 billion) 1998 sale to Seneca Energy ($152 million)

Whittier Energy Company incorporated in 1991 Contributed South Texas royalty and non-operated working interests Mandate to grow asset base by reinvesting cash flow

Whittier Energy initiated aggressive growth phase in 2002 Began acquiring operated properties Used leverage with a revolving line of credit Went public via reverse merger in September 2003 Raised $2.4 million in new equity in June, 2004 Whittier group reduced ownership to approximately

79% of outstanding stock

Company History and Overview

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Management Team

Bryce W. RhodesPresident & Chief Executive Officer

Experienced management team with a significant stake in the company

Over 25 years of energy industry experience Former V.P. and investment manager - Whittier Energy Director of PYR Energy Corp. since 1999 Education: MBA – Stanford Univ.; BA Geology, BA

Biology – UC Santa Cruz

Over 12 years of financial accounting experience Former V.P. and CFO of Chaparral Resources, Inc. Significant public company experience Education: MPA – UT Austin; BBA - UT Austin

Former Managing Director of Acquisition and Divestitures and Director for Torch Energy Advisors

Former manager of acquisitions and divestitures for Apache Corp.

Over 17 years of energy industry experience Education: MS Mineral Econ - Colorado School of

Mines; BS Pet Eng - UT Austin

Daniel H. SilvermanV.P. & Chief Operating Officer

Michael B. Young, CPAV.P. & Chief Financial Officer

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Business Plan

Acquire Gulf Coast producing properties and explore in Gulf Coast, Mid-Continent, Rockies and California Regions offer low-risk property acquisitions and impactive exploration and exploitation opportunities

Maintain a disciplined portfolio investment approach Continuously review acquisition and exploration opportunities Allocate 70% to acquisitions and 30% to exploitation/exploration projects Divest under-performing and non-core assets

Target impactive acquisitions Detailed technical analysis to define opportunities Focus on niche of transactions less than $10 MM Exploitation with exploration upside Reduce operating costs

Create sustainable per share growth in value Goal: Attain at least $100 MM Enterprise Value (EV) in 3-5 years Monetize value at appropriate time

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Achievements from 1/1/02 through 9/30/04

Accelerated Growth Went public with reverse merger (September 2003) Acquired 8 operated producing properties in Texas and Louisiana, including:

Cut Off Field in Louisiana - $2 million (April 2004 & August 2004) Three South Texas gas fields - $7.5 million (June 2004)

Proforma 9/30/04 proved reserves: up over 900% to 2.750 MMBoe 3rd Quarter 2004 total assets: up over 350% to $25.6 MM Proforma average finding and development costs: approx. $6.20/Boe

Current Production (November 15, 2004) Gross operated: Grew from no operations to 1,367 Boepd Total company net: Grew 600% from 180 Boepd to 1,100 Boepd

Reached Enterprise Value of $29.9 million (December 31, 2004)

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Rincon Energy Partners, LLC

10% interest in Rincon Energy Partners, LLC

Rincon Energy LLC – Managing Member Consulting G&G and Prospect Generation Group 3D data set – 4600 Sq. Miles In-house seismic re-processing and AVO analysis

Prospect sales – Fees, Orri’s, Carried & Working Interests

Completing 1st partnership well in Ventura Basin, California

Seven additional prospects to be drilled in 2005

Numerous prospects in various stages of development

Consultant to Whittier

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Our Properties

Bonnie View

Lost Dome

Greater Mayfield

Big Wells

RayneBeaver Dam

Creek

Operated

Non-Operated

Scott & Hopper

N. Rincon

Tom LyneCut Off

Hamel

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Bonnie View

Big Wells

Scott & Hopper

Tom Lyne

N. Rincon

Operated PropertiesTexas

Hamel

Big Wells, 100% WI 15 wells; 170 Bopd and 40 Mcfd* Producing zones: San Miguel

Bonnie View, 71% WI 4 wells; 130 Bopd and 500 Mcfd* Producing zone: Frio

Scott & Hopper, 68% WI 2 wells; 550 Mcfd and 10 Bcpd* Producing zone: Vicksburg 2 PUD; 2 probable locations

Tom Lyne, 73% WI 3 wells; 700 Mcfd and 11 Bcpd* Producing zones: Queen City,

Wilcox 1 PUD; 1 probable location

North Rincon, 98% WI 1 well; 500 Mcfd and 2 Bcpd* Producing zones: Frio, Vicksburg 4 probable locations

* Gross production as of November 15, 2004

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North Rincon Field Overview – Lower Vicksburg

Lower VicksburgProspect Loc.

A

A

Low Proven Gas 8,000’ test offsetting successful wells NE of the field

141 MMCFSince 1995

576 MMCFSince 1996

882 MMCFSince 2001

204 MMCFSince 2001

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North Rincon Field Overview – Frio Formation

Fluvial channels are the primary Frio targets at approximately 3000’ – 5000’.

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Beaver Dam Creek, 89% WI 6 wells; 255 Bopd and 130 Mcfd* Producing zone: Tuscaloosa Potential sidetrack opportunity: 300 -500

Mbbls possible

Rayne, 33% WI 3 wells; 35 Bopd and 750 Mcfd* Producing zone: Frio 12,500’ 3D prospect: 0.5 -1.5 Mmbbl target

Cut Off, 87% WI 4 wells; 185 Bopd and 150 Mcfd* Producing zone: Frio Potential updip oil prospect: 300 Mbbls Re-entry gas prospect: 1- 4 Bcf

Operated PropertiesLouisiana

RayneBeaver Dam Creek

Cut Off

* Gross production as of November 15, 2004

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100 acre trap outline

Iberia Dome – Amber ProspectAmber Sand Depth Structure

Amber Sand TrapProposed OOWC ~150’ above HKW

Seismic Up-dip Sand Zero-edge

Texaco Burleigh #1

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Iberia Dome - Amber ProspectMarg A Net Oil Sand Isopach

Marg A Net Oil Sand Isopach30% net-to-gross through Marg A Interval

Proposed OOWC ~100’ above HKWSeismic Up-dip Sand Zero-edge

82 acre trap outline

Mar

g A

In

terv

alMarg A Sands zero-edge (seismic)

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Non-Operated PropertiesWyoming / Oklahoma / Texas

Lost Dome Unit, 18.75% WI Operator: Breitburn Energy 6 wells; 336 Bopd gross; 50 Bopd net Producing zone: Tensleep Full cycle project

Greater Mayfield Area, <1% WI Operator: Chesapeake Energy 14 wells; 180 Mmcfd gross; .9 Mmcfd

net (10/04) 4 wells drilling or completing Producing zones: Atoka, Morrow,

Springer, Hunton Full cycle project

Hamel Field, 22.5 % WI Operator: Prime Operating 7 wells; 1.0 Mmcfed gross; 185 Mcfed

net Producing zone: Wilcox Full cycle project

Greater Mayfield

Lost Dome

Hamel

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Increased leasehold acreage, drilling prospects and acquisitions haveresulted in year-over-year reserve and production growth

3-Year Growth in Production and Reserves

Average Production, Boepd Proforma Reserves, Boe

GasOil GasOil

0

100

200

300

400

500

600

700

800

900

2001 2002 2003 9/30/2004

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2001 2002 2003 9/30/2004

*2003 year-end reserves rolled forward to September 30, 2004, plus 2004 acquisitions of Cut Off field, three South Texas properties and discoveries reported since year-end.

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Reserve Replacement Ratio

3 Yr Reserve Replacement Ratio

Source: John S. Herold 2004 Global Upstream Performance ReviewPLS Publications

0%

100%

200%

300%

400%

500%

WHIT Small USE&P

ABP MCF CRED TXCO GMXR

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3-Year Comparison Graphs

3 Yr Average Total Reserve Replacement Cost

($/Boe)

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

WHIT SmallUS E&P

ABP MCF CRED TXCO GMXR

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

WHIT SmallUS E&P

ABP MCF CRED TXCO GMXR

3 Yr F&D Costs($/Boe)

Source: John S. Herold 2004 Global Upstream Performance ReviewPLS Publications

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Recent Transaction Prices

Proved $/boeP+ 50%P $/boe$/Boepd

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

Source: John S. Herold 2004 Global Upstream Performance ReviewPLS Publications

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Diversified, long life, and stable reserve base Dedicated, experienced management team Track record of annual growth (1/1/02 to 9/30/04)

Proved reserves: up over 900% Average daily production: up over 600%

Portfolio of low cost, low risk exploitation projects in our core area Both operated and non-operated

Two-pronged growth strategy – acquisitions and drilling Whittier is an early stage growth company

Small transactions & exploration successes can materially impact the bottom line

Strong balance sheet that provides flexibility for growth

Additional information available at company website www.whittierenergy.com

Summary of Whittier Energy Strengths

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Financial Highlights

February 2005OTC: WHIT