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strAtegic AdVAntAge tHe dAWson gAs plAnt 

the first of two 60 MMcf per dAy gas plants at dawson came on-stream in May 2010. the second phase is currently under construction and expected to start-up in April 2011. At completion, the total Arc operated capacity will be 120 MMcf per dAy and total production will be 165 MMcf per dAy. 

Arc Added tHe pArKlAnd field in 2010 with the acquisition of storm in August. parkland is an eXcellent strAtegic fit given the similar geological characteristics and proximity to dawson and the West Montney fields. the acquisition expands Arc’s undeveloped land holdings in the Montney by 64 gross sections. parkland produces over 1,000 barrels per day of natural gas liquids. 

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(1) per glJ independent reserve evaluation as of december 31, 2010 and based on gl J forecast pricing as at January 1, 2011. the Bcfe values are sales volumes, with the exception of dgiip which is presented as raw volumes (Bcf). (2) per independent glJ “economic contingent resource evaluation” as of december 31,  2010 and based on glJ forecast pricing as of 

January 1, 2011. (3) includes sunrise, septimus and sundown. 

(4) 

this volume is an arithmetic sum of multiple estimates of proved, probable and possible reserve categories, which statistical principles indi- cate may be misleading as to volumes that may actually be recovered. readers should give attention to the estimates of individual classes of reserves and appreciate the differing probabilities of recovery associated with each class. 

## PARKLAnD LAnD HOLDIngS 

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