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The Economics of High Arctic Natural Gas Development: Expanded Sensitivity Analysis 10am - Noon, Thursday, January 13 th , 2005 Calgary Petroleum Club 319 – 5 Ave. SW Calgary, Alberta The North American natural gas marketplace is currently experiencing a tightness of supply, strong demand and much higher natural gas prices. Incremental sources of gas supply are being re-examined as a result, including the North Slope of Alaska, the Mackenzie Valley Corridor, the Mackenzie Delta/Beaufort Sea, and LNG from other parts of the world. CERI has re-assessed the feasibility of High Arctic gas development where almost 9 TCF of recoverable and marketable reserves of natural gas have been established at Hecla and Drake Point on Melville Island. CERI will present the results of its analysis of Melville Island development and delivery options (LNG, CNG and GTL), as an example of the potential future of High Arctic natural gas. __________________________________________________________________________________________________ Program 10:00 am Introduction Dr. Phil Prince, President & CEO Canadian Energy Research Institute 10:15 am Presentation of Results George Eynon, Senior Director, Research – Natural Gas Luke Chan, Senior Economist 11:45 am Discussion 12:00 pm Adjournment __________________________________________________________________________________________________ Please RSVP by January 7 th , 2005 Contact: Roxanne Rees Phone: (403) 220-2381 Fax: (403) 282-1268 Email: [email protected] SEMINAR

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Page 1: High Arctic Gas Invitation

The Economics of High Arctic Natural Gas Development:Expanded Sensitivity Analysis

10am - Noon, Thursday, January 13th, 2005Calgary Petroleum Club

319 – 5 Ave. SW • Calgary, Alberta

The North American natural gas marketplace is currently experiencing a tightness ofsupply, strong demand and much higher natural gas prices. Incremental sources ofgas supply are being re-examined as a result, including the North Slope of Alaska, theMackenzie Valley Corridor, the Mackenzie Delta/Beaufort Sea, and LNG from otherparts of the world.

CERI has re-assessed the feasibility of High Arctic gas development where almost 9TCF of recoverable and marketable reserves of natural gas have been established atHecla and Drake Point on Melville Island. CERI will present the results of its analysisof Melville Island development and delivery options (LNG, CNG and GTL), as anexample of the potential future of High Arctic natural gas.

__________________________________________________________________________________________________

Program

10:00 am IntroductionDr. Phil Prince, President & CEOCanadian Energy Research Institute

10:15 am Presentation of ResultsGeorge Eynon, Senior Director, Research – Natural GasLuke Chan, Senior Economist

11:45 am Discussion

12:00 pm Adjournment

__________________________________________________________________________________________________

Please RSVP by January 7th, 2005

Contact: Roxanne ReesPhone: (403) 220-2381Fax: (403) 282-1268Email: [email protected]

SEMINAR