(As at December 31, 2008)

• Zapata holds 57,570 (54,393 net) acres of undeveloped land in East Central Alberta.

• The Corporation has interests in 139 (100 net) oil wells and 30 (22 net) gas wells producing from the Dina, Lloydminster, Cummings, Rex, and Viking formations.

• Net sales from the area in 2008 were 2,109 mcf/d of natural gas and 1,077 bbls/d of oil and NGL for a total of 1,428 boe/d.

Year Ended Dec. 31	2008	2007	% Change
Production
Natural Gas (mcf/d)	2,109	2, 691	(22%)
Oil (bbls/d)	1,043	1,074	(3%)
NGL (bbls/d)	34	52	(35%)
Total BOE/D	1,428	1,574	(9%)
Undeveloped land (gross acres)	57,570	66,542	(13%)