Gas Futures Outperform Oil Futures

TERRY PETERS, Canaccord Genuity
"As of January 4, 2008, year-to-date, gas futures outperformed oil futures, the TSX
Composite Index and the O&G E&P sub-index. Gas futures are up 4.8% year-to-date,
versus oil futures up 2.0% year-to-date. The TSX Composite is down 0.4% year-to-date
and the E&P sub-index is up 3.1% year-to-date. Our junior E&P sub-index is up 0.5%
year-to-date." (1/8/08)

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