Price Forecasts, by Engineering Firm**

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PRICE DECKS	AJM Deloitte	GLJ	Sproule	Trimble	Fekete	McDaniel	ATB	INSITE
May 2013
Apr 2013
Mar 2013
Feb 2013
Jan 2013
Dec 2012
Nov 2012
Oct 2012
Sept 2012
Aug 2012
July 2012
June 2012
May 2012
Apr 2012
Mar 2012
Feb 2012
Jan 2012
Dec 2011
Nov 2011

+ Use with 1.5% Inflation Deck

Inflation, Tax, and Royalty Decks

	Inflation decks				Tax
	1.0%	1.5%	2.0%	2.5%	Tax	Royalty
2013
2012
2011
2010

+ 2010 Tax Deck based on

• Tax Facts and Figures: Canada 2009, PriceWaterhouseCoopers
• Tax Plan, Budget 2009, Government of Alberta

* 2008_Royalty_Deck based on Alberta Energy: December 2007 Information Bulletins: IL2007-37, IB2007-12

**Disclaimer
The tables provided on this web page present Entero’s best efforts to provide a reasonable facsimile of product prices and market forecasts for the Canadian Oil and Gas industry as prepared by the engineering firms listed above.

Prices and forecasts are provided by these firms and based on information obtained from various sources, including government agencies, industry publications, Canadian oil refiners, and natural gas marketers. The forecasts presented here are based on an informed interpretation of the information by these engineering firms, and can be considered reasonable at the time they were published.

The information provided to Entero Corporation was accepted as is, and Entero Corporation accepts no responsibility for any inaccuracies within it.

Users of this information are asked to recognize the high degree of uncertainty associated with forecasting oil and gas prices, and Entero Corporation takes no responsibility for the application of these numbers by any parties.