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SECURITIES REPORTING
TABLE OF CONTENTS
Page
SECURITIES OUTLINE 62
SECURITIES DISCUSSION 63
AFTER TAX FORECAST PRICING RESERVES DATA
Table FP-1 Reserves And NPV Summary 67
Table FP-2 Total Future Net Revenue (Undiscounted) 68
Table FP-3 Future Net Revenue by Production Group 69
Table FP-4 Forecast Prices Used 70
Table FP-5A Current Reserves Reconciliation 72
Table FP-5B Prior Reserves Reconciliation 73
Table FP-6 Undeveloped Reserves Attributed In Current Year 74
Table FP-7 Company Annual Capital Expenditures 75
Table FP-8 Company Annual Abandonment Costs 76
Table FP-9 Summary of First Year Production and Oil and Gas Reserves 77
March 18, 2013 15:57:09
SECURITIES REPORTING OUTLINE



PART 1 DATE OF STATEMENT
1.1 Relevant Dates
1. Effective Date
2. Data Date
3. Preparation Date

PART 2 DISCLOSURE OF RESERVES DATA
2.1 Reserves Data (Forecast Prices and Costs)
1. Breakdown of Proved Reserves
2. Net Present Value of Future Net Revenue
3. Additional Information Concerning Future Net Revenue

PART 3 PRICING ASSUMPTIONS
3.2 Forecast Prices Used in Estimates

PART 4 RECONCILIATION OF CHANGES IN RESERVES
4.1 Reserves Reconciliation

PART 5 ADDITIONAL INFORMATION RELATING TO RESERVES DATA
5.1 Undeveloped Reserves
5.2 Significant Factors or Uncertainties
5.3 Future Development Costs

PART 6 OTHER OIL AND GAS INFORMATION
6.3 Forward Contracts
6.4 Additional Information Concerning Abandonment and Reclamation Costs
6.5 Tax Horizon
6.8 Production Estimates
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SECURITIES REPORTING DISCUSSION


The Canadian Securities Administrators (CSA) have set out disclosure standards for Canadian
publicly traded oil and gas companies in National Instrument 51-101 (NI 51-101).

This section presents reserves data following the item numbering and formatting in CSA Form
51-101F1 and the sample tables contained in Appendix 1 to the NI 51-101 Companion Policy
(51-101CP).

The Report on Reserves Data, Form 51-101F2, is provided separately.

Note Regarding Nomenclature:
Throughout this report, Company Interest reserves refers to the sum of royalty
interest
*
and working interest reserves before deduction of royalty burdens payable.
Working Interest reserves equate to those reserves that are referred to as
Company Gross reserves by the Canadian Securities Administrators (CSA) in
NI 51-101.
In this Securities Reporting section, Company Gross (or working interest) volumes
are presented in tables to correspond to NI 51-101 disclosure requirements.
*
Royalty interest reserves include royalty volumes derived only from other working interest owners.

PART 1 DATE OF STATEMENT

Item 1.1 Relevant Dates

1. Effective Date:
The effective date of the reserves estimates and revenue projections in this report
is December 31, 2012.

2. Data Date:
Estimates of reserves and projections of production were generally prepared using
general well information and production data available in the public domain to
approximately October 31, 2012. In certain instances, the Company provided
production and well information up to December 31, 2012. The Company has
provided GLJ with a representation letter confirming that complete and correct
information has been provided to GLJ.


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3. Preparation Date:
The preparation date (the latest date of receipt of information relevant to this
evaluation) of this report is February 28, 2013.

PART 2 DISCLOSURE OF RESERVES DATA

Item 2.1 Reserves Data (Forecast Prices and Costs)
1. Breakdown of Reserves (Forecast Case)
Refer to Table FP-1

2. Net Present Value of Future Net Revenue (Forecast Case)
Refer to Table FP-1

3. Additional Information Concerning Future Net Revenue (Forecast Case)
(a) and (b) Undiscounted Revenue and Costs
Refer to Table FP-2
(c) Discounted Future Net Revenue by Production Group
Refer to Table FP-3

PART 3 PRICING ASSUMPTIONS

Item 3.2 Forecast Prices Used in Estimates
1. (a) The forecast reference prices used in preparing the Companys reserves
data are provided in Table FP-4.

This price forecast is GLJs standard price forecast effective January 1, 2013.

PART 4 RECONCILIATION OF CHANGES IN RESERVES

Item 4.1 Reserves Reconciliation
Tables FP-5A and FP-5B provide reconciliations of Company Gross reserves
based on forecast prices and costs for the current and prior year-end evaluations,
respectively.

PART 5 ADDITIONAL INFORMATION RELATING TO RESERVES DATA

Item 5.1 Undeveloped Reserves
1.(a) and 2.(a) Year First Attributed

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Table FP-6 provides a summary of the undeveloped reserves first attributed
during the current fiscal year and the Company total at the current year-end
effective date.

The following table sets out total Company undeveloped reserves evaluated by
GLJ utilizing the format preferred by the CSA.

Proved Undeveloped Reserves
* First Total at First Total at First Total at First Total at First Total at
Attributed Year-end Attributed Year-end Attributed Year-end Attributed Year-end Attributed Year-end
Prior - 87 - - 7,836 45,239 10 58 1,316 7,684
2010 - 87 - - 1,513 35,772 2 46 254 6,094
2011 - 87 - - - 36,739 - 47 - 6,257
2012 - 87 - - 995 36,297 1 46 167 6,183
Probable Undeveloped Reserves
* First Total at First Total at First Total at First Total at First Total at
Attributed Year-end Attributed Year-end Attributed Year-end Attributed Year-end Attributed Year-end
Prior - 434 - - 4,254 54,580 5 70 714 9,600
2010 - 434 - - 1,233 51,517 2 66 207 9,086
2011 - 434 - - 3,489 38,016 4 49 586 6,819
2012 - 174 - - 199 31,738 - 41 33 5,504
* "First Attributed" refers to reserves first attributed at year-end of the corresponding fiscal yr
Company Gross Reserves First Attributed by Year
Natural Gas (MMcf)
Oil Equivalent (Mbbl)
Natural Gas Liquids
(Mbbl)
Oil Equivalent (Mbbl) Light & Medium Oil
(Mbbl)
Heavy Oil (Mbbl)
Light & Medium Oil
(Mbbl)
Heavy Oil (Mbbl) Natural Gas (MMcf) Natural Gas Liquids
(Mbbl)


1.(b) and 2.(b) General Basis for Reserves and Timing of Development
Proved and probable undeveloped reserves have been estimated in accordance
with procedures and standards contained in the COGE Handbook. The significant
majority of the undeveloped reserves are scheduled to be developed within the
next two years.

Item 5.2 Significant Factors or Uncertainties
The evaluated oil and gas properties of the Company have no material
extraordinary risks or uncertainties beyond those which are inherent of an oil and
gas producing company
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Item 5.3 Future Development Costs
1. Table FP-7 summarizes capital development costs related to the recovery
of the Companys reserves.

PART 6 OTHER OIL AND GAS INFORMATION

Item 6.3 Forward Contracts
In accordance with the provisions in NI 51-101, the impact of the Companys
financial hedges has not been included in this report.

Item 6.4 Additional Information Concerning Abandonment and Reclamation Costs
The following aspects of the Companys future abandonment and reclamation
costs have been included/excluded in the economic forecasts.

Included:
Well Abandonment Costs:
o existing and future reserves wells

Excluded:
Well Abandonment Costs:
o non-reserves wells
Pipelines
Production Facilities
Site Reclamation

Total abandonment costs are included in the reserves data summarized in Table
FP-8.

Item 6.5 Tax Horizon
Based on after tax economic forecasts prepared by GLJ, income taxes are payable
by the Company beginning in 2020. After tax revenue projections are provided in
the After Tax Analysis section of this report.

Item 6.8 Production Estimates
Table FP-9 presents a forecast of the Companys production by product type in
the first year of forecast.

Production for properties which individually account for 20 percent or more of the
Companys forecast production (total proved plus probable reserves, boe basis) in
the first year of forecast has been identified separately in this table.
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Table FP-1
Company: Corridor Resources Inc. Reserve Class: Various
Property: Corporate Development Class: Classifications
Description: After Tax Analysis Pricing: GLJ (2013-01)
Effective Date: December 31, 2012
Summary Of Oil And Gas Reserves And Net Present Values of Future Net Revenue
RESERVES SUMMARY
Light And Medium Oil Heavy Oil Natural Gas Natural Gas Liquids Total Oil Equivalent
Company Company Company Company Company Company Company Company Company Company
Gross Net Gross Net Gross Net Gross Net Gross Net
Reserves Category Mbbl Mbbl Mbbl Mbbl MMcf MMcf Mbbl Mbbl Mboe Mboe
PROVED
Producing 0 0 0 0 21,140 20,517 27 26 3,550 3,446
Developed Nonproducing 0 0 0 0 202 203 0 0 34 34
Undeveloped 87 79 0 0 36,297 32,842 46 42 6,183 5,594
TOTAL PROVED 87 79 0 0 57,639 53,562 74 68 9,767 9,074
TOTAL PROBABLE 174 157 0 0 36,830 33,458 47 43 6,359 5,776
TOTAL PROVED PLUS PROBABLE 260 236 0 0 94,469 87,020 121 111 16,126 14,850
TOTAL PPP 521 471 0 0 202,221 184,701 258 236 34,482 31,490
NET PRESENT VALUE SUMMARY
Net Present Values of Future Net Revenue
Before Income Taxes Discounted At (%/year) Unit Value Before Income Tax
Discounted at 10%/year
0% 5% 10% 15% 20%
Reserves Category M$ M$ M$ M$ M$ $/boe $/Mcfe
PROVED
Producing 71,417 56,781 46,729 39,617 34,414 13.56 2.26
Developed Nonproducing 292 289 249 204 162 7.32 1.22
Undeveloped 87,024 43,411 20,589 8,121 1,076 3.68 0.61
TOTAL PROVED 158,733 100,480 67,568 47,942 35,652 7.45 1.24
TOTAL PROBABLE 156,733 77,649 43,043 26,027 16,833 7.45 1.24
TOTAL PROVED PLUS PROBABLE 315,466 178,129 110,611 73,969 52,485 7.45 1.24
TOTAL PPP 981,449 458,247 257,620 161,947 109,746 8.18 1.36
Net Present Values of Future Net Revenue
After Income Taxes Discounted At (%/year)
0% 5% 10% 15% 20%
Reserves Category M$ M$ M$ M$ M$
PROVED
Producing 71,417 56,781 46,729 39,617 34,414
Developed Nonproducing 292 289 249 204 162
Undeveloped 87,024 43,411 20,589 8,121 1,076
TOTAL PROVED 158,733 100,480 67,568 47,942 35,652
TOTAL PROBABLE 121,285 63,138 36,505 22,855 15,201
TOTAL PROVED PLUS PROBABLE 280,018 163,618 104,073 70,797 50,853
TOTAL PPP 764,998 369,286 213,207 137,105 94,805
Note: Unit values are based on Company Net Reserves.
1131955 Class (A,B1,B2,C,F,I,R), GLJ (2013-01), cs1a March 01, 2013 14:25:18
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Table FP-2
Company: Corridor Resources Inc. Reserve Class: Various
Property: Corporate Development Class: Classifications
Description: After Tax Analysis Pricing: GLJ (2013-01)
Effective Date: December 31, 2012
Total Future Net Revenue (Undiscounted)
Future Future
Capital Net Revenue Net Revenue
Operating Development Abandonment Before Income After
Revenue Royalties Costs Costs Costs Income Taxes Tax Income Taxes
Reserves Category M$ M$ M$ M$ M$ M$ M$ M$
Proved Producing 128,589 4,181 44,302 2,029 6,660 71,417 0 71,417
Proved Developed Nonproducing 923 -15 -10 663 -7 292 0 292
Proved Undeveloped 253,561 23,036 42,921 94,016 6,565 87,024 0 87,024
Total Proved 383,073 27,201 87,213 96,708 13,218 158,733 0 158,733
Total Probable 292,922 26,012 46,826 58,817 4,533 156,733 35,448 121,285
Total Proved Plus Probable 675,994 53,213 134,039 155,524 17,752 315,466 35,448 280,018
Total PPP 1,621,762 135,264 237,242 240,045 27,761 981,449 216,452 764,998
Notes
1. Disclosure is required for Total Proved and Proved Plus Probable reserves
1131955 Class (A,B1,B2,C,F,I,R), GLJ (2013-01), cs2new March 01, 2013 14:25:19
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Table FP-3
Company: Corridor Resources Inc. Reserve Class: Various
Property: Corporate Development Class: Classifications
Description: After Tax Analysis Pricing: GLJ (2013-01)
Effective Date: December 31, 2012
Future Net Revenue by Production Group
Future Net Revenue Before Income Taxes [3]
(Discounted at 10% per year)
Present Value
Discount
Entity Name M$ $/boe $/Mcfe
Proved Producing
Light & Medium Oil [1] 0 0.00 0.00
Natural Gas [2] 46,729 13.56 2.26
Total: Proved Producing 46,729 13.56 2.26
Total Proved
Light & Medium Oil [1] 3,908 44.00 7.33
Natural Gas [2] 63,659 7.09 1.18
Total: Total Proved 67,568 7.45 1.24
Total Proved Plus Probable
Light & Medium Oil [1] 6,899 25.89 4.31
Natural Gas [2] 103,712 7.11 1.19
Total: Total Proved Plus Probable 110,611 7.45 1.24
Total PPP
Light & Medium Oil [1] 12,962 29.00 4.83
Natural Gas [2] 244,658 7.88 1.31
Total: Total PPP 257,620 8.18 1.36
Notes
1. Including solution gas and other by-products
2. Including by-products but excluding solution gas
3.
Company Net Reserves.
Other company revenue and costs not related to a specific production group have been allocated proportionately to production groups. Unit values are based on
Percentage of Future Net Revenue (10% DCF)
L & M Oil (5.8 %)
Natural Gas (94.2 %)
Total Proved
L & M Oil (6.2 %)
Natural Gas (93.8 %)
Total Proved Plus Probable
L & M Oil (5.0 %)
Natural Gas (95.0 %)
Total PPP
1131955 Class (A,C,I,R), GLJ (2013-01), cs3new March 11, 2013 16:41:27
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Table FP-4
GLJ Petroleum Consultants
Crude Oil and Natural Gas Liquids
GLJ (2013-01)
Effective January 01, 2013
Light, Sweet Bow River Lloyd Blend WCS Heavy Light Sour Medium
NYMEX WTI Near Brent Blend Crude Oil Crude Oil Crude Oil Crude Oil Crude Oil Crude Oil Crude Oil
Bank of Month Futures Contract Crude Oil (40 API, Stream Stream Stream Proxy (12 (35 API, (29 API, Alberta Natural Gas Liquids
Canada Crude Oil at FOB North 0.3%S) Quality Quality Quality API) 1.2%S) 2.0%S) (Then Current Dollars)
Average Cushing Oklahoma Sea at Edmonton at Hardisty at Hardisty at Hardisty at Hardisty at Cromer at Cromer
Noon Edmonton
Exchange Constant Then Then Then Then Then Then Then Then Then Spec Edmonton Edmonton Pentanes
Inflation Rate 2013 $ Current Current Current Current Current Current Current Current Current Ethane Propane Butane Plus
Year % USD/CAD USD/bbl USD/bbl USD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl
2003 2.8 0.7158 37.90 31.07 28.47 43.66 32.11 31.18 N/A 26.26 40.09 37.55 N/A 32.14 34.36 44.23
2004 1.8 0.7698 49.12 41.38 38.02 52.96 37.43 36.31 N/A 29.11 49.14 45.64 N/A 34.70 39.97 53.94
2005 2.2 0.8260 65.93 56.58 55.14 69.02 44.73 43.03 43.74 34.07 62.18 56.77 N/A 43.04 51.80 69.57
2006 2.0 0.8818 75.49 66.22 66.16 73.21 51.82 50.36 50.66 41.84 66.38 62.26 N/A 43.85 60.17 75.41
2007 2.2 0.9352 80.90 72.39 72.71 77.06 53.64 52.03 52.38 43.42 71.13 65.71 N/A 49.56 61.78 77.38
2008 2.4 0.9428 108.98 99.64 98.30 102.89 84.31 82.60 82.95 74.94 96.08 93.10 N/A 58.38 75.33 104.78
2009 0.4 0.8798 65.95 61.78 62.50 66.32 60.18 58.40 58.66 54.46 63.84 62.96 N/A 38.03 48.17 68.17
2010 1.8 0.9711 84.62 79.52 80.25 77.87 68.45 66.95 67.27 60.76 76.58 73.76 N/A 46.84 65.91 84.27
2011 2.9 1.0115 99.46 95.12 110.86 95.53 78.58 76.84 77.14 67.64 92.35 88.33 N/A 53.66 74.42 104.17
2012 1.6 1.0012 95.62 94.10 111.60 86.86 74.78 73.22 73.29 63.87 84.76 81.56 N/A 28.97 66.23 101.06
2013 Q1 2.0 1.0000 90.00 90.00 110.00 82.50 67.65 66.00 66.20 55.10 80.85 77.55 10.63 28.88 63.53 99.00
2013 Q2 2.0 1.0000 90.00 90.00 105.00 85.00 72.25 70.55 70.75 61.39 83.30 79.90 10.63 34.00 65.45 97.75
2013 Q3 2.0 1.0000 90.00 90.00 102.50 85.00 72.25 70.55 70.75 62.66 83.30 79.90 11.25 34.00 65.45 93.50
2013 Q4 2.0 1.0000 90.00 90.00 102.50 87.50 74.38 72.63 72.83 64.54 85.75 82.25 11.87 39.38 67.38 96.25
2013 Full Year 2.0 1.0000 90.00 90.00 105.00 85.00 71.63 69.93 70.13 60.92 83.30 79.90 11.09 34.06 65.45 96.63
2014 2.0 1.0000 90.69 92.50 102.50 91.50 77.77 75.94 76.15 68.36 87.84 84.18 12.65 45.75 70.46 97.91
2015 2.0 1.0000 91.31 95.00 102.50 94.00 79.90 78.02 78.22 71.10 90.24 86.48 14.20 56.40 72.38 97.76
2016 2.0 1.0000 91.88 97.50 102.50 96.50 82.03 80.09 80.29 73.02 92.64 88.78 15.75 57.90 74.31 100.36
2017 2.0 1.0000 90.07 97.50 100.00 96.50 82.03 80.09 80.29 73.02 92.64 88.78 16.53 57.90 74.31 100.36
2018 2.0 1.0000 88.31 97.50 100.00 96.50 82.03 80.09 80.29 73.02 92.64 88.78 17.46 57.90 74.31 100.36
2019 2.0 1.0000 87.50 98.54 101.35 97.54 82.91 80.96 81.16 73.81 93.64 89.74 17.81 58.52 75.11 101.44
2020 2.0 1.0000 87.50 100.51 103.38 99.51 84.58 82.59 82.79 75.32 95.53 91.55 18.18 59.71 76.62 103.49
2021 2.0 1.0000 87.50 102.52 105.45 101.52 86.29 84.26 84.46 76.87 97.46 93.40 18.55 60.91 78.17 105.58
2022 2.0 1.0000 87.50 104.57 107.55 103.57 88.03 85.96 86.16 78.44 99.43 95.28 18.92 62.14 79.75 107.71
2023+ 2.0 1.0000 87.50 +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr
Historical futures contract price is an average of the daily settlement price of the near month contract over the calendar month.
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Table FP-4 (Continued)
GLJ Petroleum Consultants
Natural Gas and Sulphur
GLJ (2013-01)
Effective January 01, 2013
Midwest Alberta Plant Gate
Henry Hub Nymex Price at AECO/NIT
Near Month Contract Chicago Spot Spot British Columbia Alberta
Saskatchewan Plant Gate Sulphur Sulphur
Constant Then Then Then Then Westcoast Spot FOB at Plant
2013 $ Current Current Current 2013 $ Current ARP Alliance SaskEnergy Spot Sumas Spot Station 2 Plant Gate Vancouver Gate
Year USD/MMBtu USD/MMBtu USD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu USD/MMBtu CAD/MMBtu CAD/MMBtu USD/lt CAD/lt
2003 6.67 5.47 5.46 6.73 7.92 6.49 6.13 6.15 6.41 6.57 4.66 6.45 6.32 59.81 39.83
2004 7.34 6.18 6.13 6.90 7.95 6.70 6.31 6.39 6.48 6.78 5.26 6.56 6.45 62.99 38.61
2005 10.48 9.00 8.24 9.06 9.80 8.42 8.30 8.27 8.36 8.48 7.13 8.22 8.12 63.50 33.77
2006 7.97 6.99 6.93 6.71 7.94 6.96 6.57 6.36 6.67 7.06 6.27 6.58 6.45 55.07 19.27
2007 7.95 7.12 6.83 6.59 7.19 6.43 6.20 5.86 6.18 6.55 6.52 6.40 6.25 81.66 42.03
2008 9.73 8.90 8.91 8.25 8.66 7.92 7.88 7.83 8.07 8.04 8.33 8.21 8.09 497.39 488.64
2009 4.45 4.16 4.05 4.16 4.26 3.98 3.85 3.23 3.87 4.04 3.91 4.17 4.04 57.06 24.57
2010 4.68 4.40 4.53 4.03 4.18 3.93 3.77 3.31 3.96 4.00 4.31 4.01 3.91 88.94 48.26
2011 4.21 4.03 4.21 3.62 3.67 3.51 3.46 2.84 3.57 3.67 3.93 3.39 3.31 217.16 171.93
2012 2.88 2.83 2.92 2.45 2.26 2.23 2.22 1.65 2.27 2.29 2.77 2.35 2.24 201.03 157.91
2013 Q1 3.60 3.60 3.70 3.24 3.05 3.05 2.99 2.40 3.09 3.16 3.70 3.04 2.87 175.00 132.00
2013 Q2 3.60 3.60 3.70 3.24 3.05 3.05 2.99 2.40 3.09 3.16 3.20 3.04 2.87 175.00 132.00
2013 Q3 3.80 3.80 3.90 3.42 3.23 3.23 3.17 2.60 3.27 3.34 3.40 3.22 3.05 175.00 132.00
2013 Q4 4.00 4.00 4.10 3.60 3.41 3.41 3.34 2.79 3.44 3.52 4.10 3.40 3.23 175.00 132.00
2013 Full Year 3.75 3.75 3.85 3.38 3.19 3.19 3.12 2.55 3.22 3.30 3.60 3.18 3.00 175.00 132.00
2014 4.17 4.25 4.35 3.83 3.56 3.63 3.56 3.03 3.66 3.74 4.10 3.63 3.45 150.00 107.00
2015 4.57 4.75 4.85 4.28 3.92 4.08 4.00 3.51 4.10 4.20 4.60 4.08 3.90 125.00 82.00
2016 4.95 5.25 5.35 4.72 4.27 4.53 4.44 3.99 4.54 4.64 5.10 4.52 4.34 125.00 82.00
2017 5.08 5.50 5.60 4.95 4.39 4.75 4.66 4.23 4.76 4.87 5.35 4.75 4.57 127.50 84.50
2018 5.25 5.80 5.90 5.22 4.55 5.02 4.92 4.52 5.02 5.14 5.65 5.02 4.83 130.05 87.05
2019 5.25 5.91 6.01 5.32 4.54 5.12 5.01 4.62 5.11 5.24 5.76 5.12 4.93 132.65 89.65
2020 5.25 6.03 6.13 5.43 4.55 5.22 5.12 4.74 5.22 5.35 5.88 5.23 5.04 135.30 92.30
2021 5.25 6.15 6.25 5.54 4.55 5.33 5.22 4.85 5.32 5.46 6.00 5.34 5.15 138.01 95.01
2022 5.25 6.27 6.37 5.64 4.55 5.44 5.33 4.97 5.43 5.56 6.12 5.44 5.25 140.77 97.77
2023+ 5.25 +2.0%/yr +2.0%/yr +2.0%/yr 4.55 +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr
Unless otherwise stated, the gas price reference point is the receipt point on the applicable provincial gas transmission system known as the plant gate.
The plant gate price represents the price before raw gas gathering and processing charges are deducte
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Total Oil Light and Medium Oil Heavy Oil Natural Gas Liquids
Proved Proved Proved Proved
Proved Probable + Probable Proved Probable + Probable Proved Probable + Probable Proved Probable + Probable
FACTORS (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl)
December 31, 2011 87 434 521 87 434 521 0 0 0 75 56 131
Discoveries 0 0 0 0 0 0 0 0 0 0 0 0
Extensions* 0 0 0 0 0 0 0 0 0 0 0 0
Infill Drilling* 0 0 0 0 0 0 0 0 0 0 0 0
Improved Recovery* 0 0 0 0 0 0 0 0 0 0 0 0
Technical Revisions 0 (260) (260) 0 (260) (260) 0 0 0 6 3 9
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0
Dispositions 0 0 0 0 0 0 0 0 0 0 0 0
Economic Factors 0 0 0 0 0 0 0 0 0 (2) (12) (14)
Production 0 0 0 0 0 0 0 0 0 (4) 0 (4)
December 31, 2012 87 174 260 87 174 260 0 0 0 74 47 122
Total Gas Conventional Natural Gas Coal Bed Methane BOE
Proved Proved Proved Proved
Proved Probable + Probable Proved Probable + Probable Proved Probable + Probable Proved Probable + Probable
FACTORS (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (Mboe) (Mboe) (Mboe)
December 31, 2011 58,688 43,966 102,654 58,688 43,966 102,654 0 0 0 9,938 7,800 17,738
Discoveries 0 0 0 0 0 0 0 0 0 0 0 0
Extensions* 0 0 0 0 0 0 0 0 0 0 0 0
Infill Drilling* 0 0 0 0 0 0 0 0 0 0 0 0
Improved Recovery* 0 0 0 0 0 0 0 0 0 0 0 0
Technical Revisions 3,479 977 4,456 3,479 977 4,456 0 0 0 591 (77) 514
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0
Dispositions 0 0 0 0 0 0 0 0 0 0 0 0
Economic Factors (1,234) (8,114) (9,348) (1,234) (8,114) (9,348) 0 0 0 (208) (1,364) (1,572)
Production (3,293) 0 (3,293) (3,293) 0 (3,293) 0 0 0 (553) 0 (553)
December 31, 2012 57,639 36,830 94,469 57,639 36,830 94,469 0 0 0 9,768 6,359 16,127
* The above change categories correspond to standards set out in the Canadian Oil and Gas Evaluation Handbook. For reporting under NI 51-101, reserves additions
under Infill Drilling, Improved Recovery and Extensions should be combined and reported as "Extensions and Improved Recovery".
TABLE FP-5A
DECEMBER 31, 2012
RECONCILIATION OF COMPANY GROSS RESERVES
BY PRINCIPAL PRODUCT TYPE
FORECAST PRICES AND COSTS
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Total Oil Light and Medium Oil Heavy Oil Natural Gas Liquids
Proved Proved Proved Proved
Proved Probable + Probable Proved Probable + Probable Proved Probable + Probable Proved Probable + Probable
FACTORS (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl)
December 31, 2010 87 434 521 87 434 521 0 0 0 79 76 155
Discoveries 0 0 0 0 0 0 0 0 0 0 0 0
Extensions* 0 0 0 0 0 0 0 0 0 0 0 0
Infill Drilling* 0 0 0 0 0 0 0 0 0 0 0 0
Improved Recovery* 0 0 0 0 0 0 0 0 0 0 0 0
Technical Revisions 0 0 0 0 0 0 0 0 0 1 (20) (19)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0
Dispositions 0 0 0 0 0 0 0 0 0 0 0 0
Economic Factors 0 0 0 0 0 0 0 0 0 0 0 0
Production 0 0 0 0 0 0 0 0 0 (5) 0 (5)
December 31, 2011 87 434 521 87 434 521 0 0 0 75 56 131
Total Gas Conventional Natural Gas Coal Bed Methane BOE
Proved Proved Proved Proved
Proved Probable + Probable Proved Probable + Probable Proved Probable + Probable Proved Probable + Probable
FACTORS (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (MMcf) (Mboe) (Mboe) (Mboe)
December 31, 2010 62,207 59,197 121,403 62,207 59,197 121,403 0 0 0 10,534 10,375 20,909
Discoveries 0 0 0 0 0 0 0 0 0 0 0 0
Extensions* 0 0 0 0 0 0 0 0 0 0 0 0
Infill Drilling* 0 0 0 0 0 0 0 0 0 0 0 0
Improved Recovery* 0 0 0 0 0 0 0 0 0 0 0 0
Technical Revisions 681 (15,230) (14,549) 681 (15,230) (14,549) 0 0 0 114 (2,558) (2,444)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0
Dispositions 0 0 0 0 0 0 0 0 0 0 0 0
Economic Factors 0 0 0 0 0 0 0 0 0 0 0 0
Production (4,200) 0 (4,200) (4,200) 0 (4,200) 0 0 0 (705) 0 (705)
December 31, 2011 58,688 43,966 102,654 58,688 43,966 102,654 0 0 0 9,943 7,817 17,760
* The above change categories correspond to standards set out in the Canadian Oil and Gas Evaluation Handbook. For reporting under NI 51-101, reserves additions
under Infill Drilling, Improved Recovery and Extensions should be combined and reported as "Extensions and Improved Recovery".
FORECAST PRICES AND COSTS
TABLE FP-5B
DECEMBER 31, 2011
RECONCILIATION OF COMPANY GROSS RESERVES
BY PRINCIPAL PRODUCT TYPE
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Table FP-6
Company: Corridor Resources Inc. Reserve Class: Various
Property: Corporate Development Class: Classifications
Description: After Tax Analysis Pricing: GLJ (2013-01)
Effective Date: December 31, 2012
Undeveloped Reserves Attributed in Current Year
Proved Undeveloped Reserves
Conventional Natural Gas
L&M Oil (Mbbl) Heavy Oil (Mbbl) Natural Gas (MMcf) Liquids (Mbbl) BOE (Mbbl)
Attributed Current Attributed Current Attributed Current Attributed Current Attributed Current
This Year* Total This Year Total This Year Total This Year Total This Year Total
0 87 0 0 995 36,297 1 46 167 6,183
Probable Undeveloped Reserves
Conventional Natural Gas
L&M Oil (Mbbl) Heavy Oil (Mbbl) Natural Gas (MMcf) Liquids (Mbbl) BOE (Mbbl)
Attributed Current Attributed Current Attributed Current Attributed Current Attributed Current
This Year Total This Year Total This Year Total This Year Total This Year Total
0 174 0 0 199 31,738 0 41 33 5,504
* Refers to reserves first attributed in this fiscal year ending on the effective date.
BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0
COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0
1131955 Class (A,C,I,R), GLJ (2013-01), cs7a March 18, 2013 15:23:34
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Table FP-7
Company: Corridor Resources Inc. Reserve Class: Various
Property: Corporate Development Class: Classifications
Description: After Tax Analysis Pricing: GLJ (2013-01)
Effective Date: December 31, 2012
Company Annual Capital Expenditures (M$)
Year Totals
10%
Entity Description 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Subtotal Remainder Total Discounted
Proved Producing 0 0 0 0 0 2,029 0 0 0 0 0 0 2,029 0 2,029 1,201
Total Proved 750 3,519 30,952 36,824 22,190 0 0 0 0 0 0 0 94,235 2,473 96,708 69,549
Total Proved Plus Probable 750 3,519 35,218 36,824 44,380 13,580 18,469 0 0 0 0 0 152,739 2,785 155,524 105,135
Total PPP 750 3,519 43,749 36,824 44,704 31,687 27,704 37,677 9,608 0 0 0 236,221 3,823 240,045 150,215
1131955 Class (A,C,I,R), GLJ (2013-01), cs4 March 01, 2013 14:26:12
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Table FP-8
Company: Corridor Resources Inc. Reserve Class: Various
Property: Corporate Development Class: Classifications
Description: After Tax Analysis Pricing: GLJ (2013-01)
Effective Date: December 31, 2012
Company Annual Abandonment Costs (M$)
Year Totals
10%
Entity Description 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Subtotal Remainder Total Discounted
Proved Producing 0 1,020 0 265 0 276 0 0 0 0 305 466 2,332 4,328 6,660 2,239
Total Proved 0 1,020 0 265 0 276 0 0 0 0 305 466 2,332 10,886 13,218 2,688
Total Proved Plus Probable 0 255 780 0 271 0 0 287 0 0 0 0 1,593 16,159 17,752 2,197
Total PPP 0 0 260 531 271 0 282 0 0 0 305 0 1,648 26,114 27,761 1,816
1131955 Class (A,C,I,R), GLJ (2013-01), cs5 March 01, 2013 14:26:13
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Table FP-9
Company: Corridor Resources Inc. Reserve Class: Various
Property: Corporate Development Class: Classifications
Description: After Tax Analysis Pricing: GLJ (2013-01)
Effective Date: December 31, 2012
Summary of First Year Production and Oil and Gas Reserves
2013 Average Daily Production Reserves
Light and Heavy Natural Natural Gas Oil Light and Heavy Natural Natural Gas Oil
Medium Oil Oil Gas Liquids Equivalent Medium Oil Oil Gas Liquids Equivalent
Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny Compny
Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net
Entity Description bbl/d bbl/d bbl/d bbl/d Mcf/d Mcf/d bbl/d bbl/d bbl/d bbl/d Mbbl Mbbl Mbbl Mbbl MMcf MMcf Mbbl Mbbl Mboe Mboe
Proved Producing
McCully 0 0 0 0 7,914 7,898 10 10 1,329 1,326 0 0 0 0 21,140 20,517 27 26 3,550 3,446
Total: Proved Producing 0 0 0 0 7,914 7,898 10 10 1,329 1,326 0 0 0 0 21,140 20,517 27 26 3,550 3,446
Proved Developed Nonproducing
McCully 0 0 0 0 11 11 0 0 2 2 0 0 0 0 202 203 0 0 34 34
Total: Proved Developed Nonproducing 0 0 0 0 11 11 0 0 2 2 0 0 0 0 202 203 0 0 34 34
Proved Undeveloped
McCully 0 0 0 0 122 111 0 0 21 19 87 79 0 0 36,297 32,842 46 42 6,183 5,594
Total: Proved Undeveloped 0 0 0 0 122 111 0 0 21 19 87 79 0 0 36,297 32,842 46 42 6,183 5,594
Total Proved
McCully 0 0 0 0 8,047 8,020 10 10 1,352 1,347 87 79 0 0 57,639 53,562 74 68 9,767 9,074
Total: Total Proved 0 0 0 0 8,047 8,020 10 10 1,352 1,347 87 79 0 0 57,639 53,562 74 68 9,767 9,074
Total Probable
McCully 0 0 0 0 185 180 0 0 31 30 174 157 0 0 36,830 33,458 47 43 6,359 5,776
Total: Total Probable 0 0 0 0 185 180 0 0 31 30 174 157 0 0 36,830 33,458 47 43 6,359 5,776
Total Proved Plus Probable
McCully 0 0 0 0 8,232 8,200 11 10 1,383 1,377 260 236 0 0 94,469 87,020 121 111 16,126 14,850
Total: Total Proved Plus Probable 0 0 0 0 8,232 8,200 11 10 1,383 1,377 260 236 0 0 94,469 87,020 121 111 16,126 14,850
Total PPP
McCully 0 0 0 0 8,452 8,415 11 11 1,419 1,413 521 471 0 0 202,221 184,701 258 236 34,482 31,490
Total: Total PPP 0 0 0 0 8,452 8,415 11 11 1,419 1,413 521 471 0 0 202,221 184,701 258 236 34,482 31,490
BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0
COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0
1131955 Class (A,B1,B2,C,F,I,R), GLJ (2013-01), cs6 March 01, 2013 14:26:14
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