09.00 Chairman’s Welcome

Craig Beattie
Vice President - Subsurface Technical Assurance, International Division
Nexen Inc.

09.15 Recent And Likely Future Developments In Reserves Classification And Reporting: An Introductory Overview

• Changing times: Review of the most recent changes to reserves reporting in the industry
• Are reserve definitions converging or diverging?
• Are we addressing the needs of the users?
• Should we care about the minerals sector?
• What can be done to drive future developments in reserves reporting?

Jim Ross
Managing Director
Ross Petroleum

10.00 Gain Insight Into How StatoilHydro Has Developed And Successfully Implemented A Resource Classification System

• Explore details of the system that StatoilHydro have implemented
• Examine how StatoilHydro’s system is very similar to the SPE PRMS
• Understand how this is used in reserves and resource accounting, reporting and in business decision making

Karin Ask
Leader, TNE FC Corporate E&P Forecasting
StatoilHydro

11.15 Proved Undeveloped Reserves Bookings In Unconventional Shale Plays In North America Under The New SEC Rules

• Explore how far PUDS can be booked from proved producing wells
• Understand how many data points (wells) are needed to prove reliable technology works
• Are type curves indicative of 1P or 2P reserves?

Mike Adams
Internal Qualified Reserve Evaluator
Talisman Energy

12.00 Explore Unconventional Resources From A Financial Modelling Perspective

• As operators race to replace reserves, how financially viable are unconventional resources?
• Examine methodologies to assess return on investment
• Further comparisons from the mining sector

Professor Dennis Buchanan
Department of Earth Science and Engineering
Imperial College London

13.45 Modernisation Of SEC Oil And Gas Rules

• Explore revisions to Rule 4-10 of Regulation S-X
• Understand new disclosure requirements for oil and gas companies
• Use of third party oil and gas experts
• Get SEC guidance on new regulations

Roger Schwall
Assistant Director
Securities and Exchange Commission (SEC)
(Via video-conference from Washington)

14.30 SEC Regulatory Update Review Session

Following the presentation from the SEC, the room will gather together into small groups to have in-depth discussions regarding the updates to the SEC’s regulatory requirements. This will give you the opportunity to have open discussions with other operators about successfully updating your reserves requirements in line with the regulatory changes and how they will be likely to have an impact on impact reserves practices and long term results for 2010 going forwards.

15.45 The Canadian Regulatory Perspective: Six Years Of NI 51-101

• Gain insight into the Canadian disclosure regime
• Not just reserves: Increasing disclosure of contingent and prospective resources
• Understand the importance of unconventional resources, such as bitumen and shale gas
• Learn from an analysis of technical revisions and measuring the quality of reserves estimates over the past 5 years

David Elliott
Chief Petroleum Advisor
Alberta Securities Commission
(Via video-conference from Canada)

16.30 Interactive Operator-Led Discussion Session: SEC Oil And Gas Rules Vs. SPE SPRMS Guidelines

In this interactive session, the room will be split into small groups who will be seated at roundtables. There will be a representative from an operator leading the discussions at each table – giving you the opportunity to share your reserves practices with listed and non-listed companies and understand which combination of rules and regulations each company implements an their experiences in carrying out these practices.

Interactive discussion leaders:

17.15 Chairman’s Summary And End Of Conference Day One