IHS CERA NGLs Analytics and Insight: Rebalancing NGLs in ...IHS Confidential Prospectus | IHS CERA NGLs Analytics and Insight: Rebalancing NGLs in an Unconventional North America Demand

IHS Multiclient Study

PROSPECTUS

IHS CERA NGLs Analytics and Insight: Rebalancing NGLs in an Unconventional North America

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Private and Confidential. © 2011 IHS Inc. All Rights Reserved. No portion of this prospectus may be reproduced in any form without prior written consent.

IHS Confidential Prospectus | IHS CERA NGLs Analytics and Insight: Rebalancing NGLs in an Unconventional North America

PREMISE FOR IHS CERA STUDY OF NORTH AMERICAN NATURAL GAS LIQUIDS

We are on the threshold of a wave of new natural gas liquids (NGLs) supply that offers potentially significant opportunities for all participants along the NGLs value chain, from producers to end users, as well as investors. However, the enormous potential of these new NGLs supplies is accompanied by a number of challenges to companies interested in fully realizing the benefits afforded by these new NGLs-related business opportunities.

� Growth prospects for shale gas and NGLs production. North American NGLs production is poised to increase sharply, in conjunction with expected rapid growth in gas production, particularly from shale gas and tight oil formations.

� Diversity in shale gas liquids composition. As the principal contributors to the growth in NGLs supplies, shale gas plays prove to have surprisingly diverse compositions. Within certain shale plays there can be a fine line between significant volumes of associated gas liquids and relatively “dry” gas.

� Expected benefit from NGLs for shale gas economics. The market value of associated gas liquids generally provides an economic benefit and increases the viability of shale gas project economics, especially in low gas price environments.

� Impact of excess supply availability. In an environment of ample NGLs supplies, finding markets to absorb the associated gas liquids may be a challenge, as traditional end uses become saturated, increasing the likelihood that gas liquids prices could become depressed.

� Challenges to realizing full shale gas potential. In some shale gas plays, such as the Marcellus, gas located in some of the wetter portions of the play may not be produced because either the facilities to extract and transport the liquids are inadequate or local market demand is insufficient to support NGLs development.

There is diversity of wet gas

within shale plays

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PURPOSE OF THE STUDY

Recognizing the many NGLs-related opportunities, issues, and challenges affecting the potential for future shale gas development, IHS is undertaking a study to engage all segments in the North American NGLs supply chain (including gas production, fractionation, transportation, and end uses).

The study will:

� Define the current landscape of conventional gas, shale gas, and tight oil plays and their related NGLs supply, demand, and price trends

� Identify the critical issues affecting the development of shale gas as they pertain to every segment of the NGLs supply chain

� Prepare a comprehensive outlook (a “Planning Case” scenario) for NGLs supply, demand, and price for each gas liquids product, in every region, for all major shale gas plays in North America

� Extend beyond the normal “outlook” for NGLs markets; this study will also examine the impact of uncertainty on the robustness of the North American NGLs outlook by preparing two fully quantified alternative scenarios covering all study elements

“WHY IHS?” A UNIQUE APPROACH

IHS will utilize its broad industry experience and expertise in the North American natural gas and oil markets, leveraging the capabilities of IHS CERA Flagship Advisory Services to deliver a comprehensive assessment of US and Canadian NGLs markets. The gas liquids production outlooks in this study will be enriched by detailed resource data from the IHS Production Database as well as using IHS analytical tools to develop a rigorous NGLs production outlook.

The approach will draw upon the extensive capabilities of IHS to produce fully integrated scenarios-based outlooks, incorporating sophisticated regional and macroeconomic outlooks and detailed petrochemicals manufacturing and market analysis.

IHS is a global leader in scenario analysis, utilizing our deep knowledge base across the energy and macroeconomic spectrum to develop integrated outlooks for each component of the energy sector while ensuring full consistency across all sectors and regions. We will utilize our well-established techniques to develop a comprehensive Planning Case scenario outlook for North American NGLs in Phase 1. In Phase 2 of this study we will prepare two alternative scenarios to evaluate the impact of key uncertainties on the outlook—thereby providing “insight on the future” that will enable stakeholders in the NGLs supply chain to make strategic decisions regarding the future of the industry.

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IHS EXPERTISE CONTRIBUTES TO THIS STUDY

Energy Strategy: As the leading advisor to international energy companies, governments, financial institutions, and technology providers, IHS delivers critical knowledge and independent analysis on energy markets, geopolitics, industry trends, and strategy.

Country & Industry Forecasting: We provide the most comprehensive economic, financial, and political coverage available from any source to support planning and decision making. Using a unique combination of expertise, models, data, and software within a common analytical framework, IHS covers over 200 countries and more than 170 industries.

Chemical Insight (formerly SRI Consulting): IHS offers leading business research for the global chemical industry; publishing reports and client-sponsored research. We are the preeminent source for in-depth business and process analysis in this space.

Comprehensive Coverage of over 200 Countries

Operations Economics

PetChem Capacity and Utilization

World Leader in Global Chemical Industry Research

Expertise Across Fuels and Regions

Market Fundamentals

Energy Strategy IHS CERA

Country & Industry Forecasting

IHS Global Insight

IHS Chemical Insight IHS SRI Consulting

Broad Industry Experience

Thought Leadership

Global Leader in Economic and Financial Coverage

Regional Economic Analysis

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SCOPE OF WORK AND DELIVERABLES

This study will focus on North American (United States and Canada) refinery and NGLs field production, demand and price—providing annual outlooks to 2030, with ten years of history*.

The study deliverables will include:

Field and Refinery Production

� Historical NGLs production, broken down by state (United States) and province (Canada)

� Regional detail for major conventional and shale gas production, with specific play-level (e.g., Marcellus, Eagle Ford, Haynesville, etc.) detail for shale gas/NGLs production

� The breakdown of production and liquids composition within selected plays, such as Marcellus (e.g., southwest Pennsylvania, northeast Pennsylvania, and New York)

� Gas composition details for specific shale plays, including:

- ratio of total liquids volume per thousand cubic feet (Mcf) of gas production (barrels per Mcf) - breakdown (weight percent) of NGLs production by type (ethane, propane, butane, etc.) - NGLs production details for both conventional gas and shale gas

� Gas liquids production from refineries (using projections for refinery capacity, configuration, and utilization)

� Gas liquids supply outlook, to be based on outlooks of conventional and shale gas production and oil production, including tight oil and refinery production, prepared by the CERA North American Gas and Global Oil research teams.

Fractionation and Transportation

� Projections of liquids fractionation capacity (i.e., fractionation plant breakdown of NGLs into individual component products: ethane, propane, butane, etc.)

� Transportation and logistics network for the major shale gas and tight oil plays, to illustrate the routes and capacities of existing and new pipelines and other modes of moving NGLs to end markets, including wet gas pipelines, NGLs pipelines, waterborne, and other transportation modes (includes rationalization of the many current proposals)

� Determination of the specific pipelines and other transportation capacity required to deliver gas liquids to end use markets; this depends on the comparative cost of alternatives, including transportation, production, and processing for marginal supplies relative to the delivered cost of local supplies (including economic rationalization of the many current proposals)

* For the purpose of this study, NGLs include ethane, propane, and butanes (butane and iso-butane) and exclude pentanes and heavier liquids.

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Demand

� Demand analysis, comprising a breakdown of NGL products by type (ethane, propane, butane, etc.) and end use, including petrochemical feedstock, heating/cooking, industrial process heat, agricultural, and transport uses

- Principal demand emphasis on petrochemical feedstock use of NGLs—gas liquids account for more than 50 percent of current US gas liquids demand (~100 percent of ethane, 50 percent of propane)

� Demand for NGLs by region—based on availability, price, and transportation linkages—to provide projections of demand by end-use sector (petrochemical feedstock, process heat, agricultural, heating/cooking) and region; for production-demand balances, NGLs production by play will be aggregated to match US and Canadian demand regions—United States by PADD*, Canada by Province

� The background analysis underlying the petrochemcial demand for natural gas liquids will rely on petrochemical (i.e., steam cracking) feedstock economics—i.e. comparative economics of ethane versus propane versus naphtha/gasoil feedstocks. The overall analysis of North American petrochemicals production, for both domestic and export markets, will be integrated with global petrochemicals market and trade balances from the IHS SRIC World Petrochemicals Service. (While the details of the petrochemicals product production, demand and trade forecasts are not included in the project deliverables, the underlying analysis ensures the integrity of the US and Canadian NGLs feedstock demand forecasts.)

� Implications for NGLs trade—includes an assessment of North American NGLs imports and exports based on market developments in other principal global markets

� Prices—NGLs price outlooks for Mont Belvieu, as well as estimates for prices at selected major shale gas plays**

FRAMEWORK FOR THE STUDY

Phase 1—AnalyticsDefining the new NGLs Landscape: The Planning Case Scenario

� Historical and Planning Case scenario outlook of NGLs production-demand balances by component product and region (play-level production aggregated to region)

� Historical and Planning Case NGLs price outlook by product type (basis Mont Belvieu, plus selected major shale gas plays)

� Historical and Planning Case price outlooks for Henry Hub natural gas, West Texas Intermediate (WTI) crude, and US Gulf Coast naphtha (as a basis for competing fuels/feedstocks)

� Historical and Planning Case outlook of fractionation capacity by region

Phase 2—Insight

Alternative NGLs Scenarios

� In collaboration with Advisory Members of the study, we will develop two scenarios to assess the potential implications of uncertainty on NGLs production, demand, and prices that could potentially arise from a set of alternative assumptions for the North American NGLs market

� We will develop an understanding of the implications of future critical issues—the “what” and the “what ifs” associated with risks to NGLs production and demand and how these could factor into the alternative scenarios

* PADD—Petroleum Administration for Defense District (US Department of Energy regions).

** Estimates of gas liquids prices at major plays will be based on pricing at principal markets (e.g., Mont Belvieu) and on the price of natural gas at regional hubs.

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� Results will include full quantification of three distinct scenarios, a Planning Case and two other scenarios, which will include:

- production and demand outlook for each NGL product type and play level

- NGL price outlooks by scenario and product type (including Mont Belvieu basis, with estimates for other key price points)

- price outlooks for Henry Hub natural gas, WTI crude, and US Gulf Coast naphtha

- fractionation capacity outlooks by scenario and region

Deliverables—Phase 1 and Phase 2

Deliverables for Phase 1 and Phase 2 of the study include a PowerPoint report and accompanying Excel files containing all assumptions and outlooks. A workshop or webinar to review the results of the study will be held following delivery of the final reports for each phase.

Estimated Timeline

End of May 2011Phase 1 final report completed.

May 2011 Houston Kickoff Workshop

Discussion of methodology and study framework, followed by Phase 2 scenario building

End of July 2011Phase 2 completed and excel data released

June 2011 Webinar

To discuss Phase 1 results and roll out of planned scenarios

July 2011Webinar

Phase 2 presentation of scenario results

2011 MAY JUN JUL AUG

Dates are subject to change.

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MULTICLIENT STUDY TEAM

Project Director

Ken Fung, Associate Director

Ken Fung, IHS CERA Associate Director, is an expert in North American natural gas markets. His expertise includes western Canada and the US West, with a focus on issues related to gas prices and basis, pipeline flows and development, and regional policy changes that may affect the market. Mr. Fung has over ten years of oil and gas industry experience. Before joining IHS CERA he was a Senior Analyst at BP in its North American Gas Market Analytics group, where he specialized in modeling and analysis of the Rockies, Pacific Northwest, and Western Canada Sedimentary Basin supply. Previously he was a consultant with IBM, with a focus on global liquefied natural gas markets. Mr. Fung holds a BSc from the University of Alberta.

Research Director

William Veno, Senior Director

William R. Veno, IHS CERA Senior Director, Global Downstream, is an expert on crude oil and refined product markets, on refining and marketing, and on energy economics and strategy. Mr. Veno is a leader of IHS CERA’s global refining and marketing research activity, with particular expertise in North American refined product demand, the transportation sector, and refined product pricing. Mr. Veno is a research leader of IHS CERA’s Driving the Future Forum: Transportation for the 21st Century, specializing in light-duty vehicle fleet modeling and analysis. He performed the downstream market analysis for IHS CERA’s recent study Growth in the Canadian Oil Sands: Finding the New Balance. He contributes to IHS CERA’s quarterly World Refined Products Outlook and coordinated the oil demand analysis for the IHS CERA Multiclient Study on global energy scenarios, Dawn of a New Age: Global Energy Scenarios for Strategic Decision Making—The Energy Future to 2030. He directed the IHS CERA studies Gasoline and the American People 2007, Global Oil Trends, and Westward Flows and Refiners’ Woes: The Growing Role of Imports in US Gasoline Supply. Prior to joining IHS CERA he directed the Oil Service at an international forecasting company, where he was responsible for analysis of world and US oil markets and for crude and product price outlooks. He has conducted numerous studies for clients in the oil and energy industries and for national governments, including evaluations of refined product demand, refinery production

and supply logistics, global geopolitical events, economic trends, and regulatory policies on oil markets. He has participated in several National Petroleum Council studies, including analyses of petroleum product supply, the cleaner fuels value chain, and fuel inventory dynamics. Previously Mr. Veno was Senior Petroleum Economist at Petróleos de Venezuela (USA) in New York, responsible for short- and long-term oil market analysis for the US and global markets, and had similar responsibilities as a Senior Analyst with Conoco and the US Department of Energy. Mr. Veno holds a BS from the University of Notre Dame, an MS from Dartmouth College, and an MS from Columbia University.

Research Team

Aaron Brady, Director, Global Oil

Aaron F. Brady, IHS CERA Director, Global Oil, is an expert in the global oil market, including downstream price dynamics, political and regulatory influences, and economic trends. His analyses focus on the fundamentals of the North American refined product markets and on energy/environmental legislation and regulatory issues, including the role of alternative fuels. Mr. Brady is a regular contributor to IHS CERA’s Global Oil Advisory Service, providing market analysis on supply and demand fundamentals and key trends in the global downstream industry for both the IHS CERA World Refined Product Outlook and the World Oil Watch. He is the author of several IHS CERA Private Reports, including an investigation of peak gasoline demand in the United States and the potential for plug-in hybrid electric cars. He was also a key contributor to the IHS CERA Multiclient Studies Growth in the Canadian Oil Sands: Finding the New Balance and Crossing the Divide: The Future of Clean Energy. Before joining IHS CERA Mr. Brady was a consultant in the oil industry, focusing on downstream regulatory issues including the transition to ethanol in the California gasoline market. Mr. Brady holds a BA from Amherst College and an MA from Johns Hopkins School of Advanced International Studies.

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Michael Devanney, Principal Analyst

Mr. Devanney is a Principal Analyst in the World Petrochemicals Program of IHS-SRIC based in Houston, Texas. He has more than thirty five years experience (twenty five years in the olefins and derivatives chain) covering commodity and specialty petrochemicals including, olefins, plastics, coatings in petrochemicals markets. Mr. Devanney’s areas of expertise include business and process economics, intelligence, econometrics, strategic planning, competitive assessment, commercial development, M & A screening, due-diligence, and intelligence information sourcing. Prior to joining IHS-SRI consulting in 2004, Mr. Devanney managed Business and Market Intelligence for Lyondell/Equistar ( now LyondellBasell ) in Houston, Texas and held planning, strategy and business research positions with Millennium and Quantum Chemicals in Cincinnati, Ohio and National Distillers and Chemicals in New York, New York. Mr. Devanney holds a B.Sc in Chemical Engineering and an MBA in Marketing and Finance from the University of Cincinnati.

Janette Ellettee, Consultant

Janet Ellettee is a Consultant in the IHS CERA Consulting Practice. She brings 18 years of finance, accounting, and strategic consulting experience. Prior to joining IHS, Janet owned her own accounting business. Prior to that, she was the head tax accountant at Nathans Financial Group and the accounting manager at Kumon Mathematex Inc. Janet holds a BBA degree in finance from the University of Texas at Austin as well as a degree in Computer Technology.

William R. Finger, Senior Associate

William R. Finger, IHS CERA Senior Associate, is a distinguished authority on the international oil industry, refining and marketing, energy politics and economics, and strategic and operations planning. He was responsible for evaluating the energy business environment for Exxon Corporation for over two decades. In addition, Mr. Finger has served on several industry groups and has lead industry studies, including most recently “US Petroleum Refining.” Further, he served as liaison to the US Congress, US Administration, Department of Energy, Energy Information Administration, Department of Interior, Congressional Budget Office, and the Office of Management and Budget. Previously, Mr. Finger coordinated refining operations, computer system development, process

design, mechanical maintenance, and economic evaluation at Exxon’s Baton Rouge, Louisiana refinery. He is a graduate of Virginia Polytechnic Institute and University.

Mr. Edward Gartner, Senior Manager

Mr. Gartner is the Senior Manager of the World Petrochemicals Program at the IHS, formerly SRI Consulting, office in Houston, Texas. He has more than thirty-seven years of experience (including the last nineteen years in consulting) covering the global specialty chemicals, plastics, fibers, and petrochemicals markets. His areas of expertise include process design, operations management, strategic planning, competitive assessment, technology selection, global trade patterns, as well as manufacturing cost analysis. He has participated in the planning, design, and construction of plant projects for the specialty chemicals, fertilizer, and petrochemical expansions and conducted field market research in South America, Asia and the Middle East covering 55 petrochemicals, plastics, resins, and synthetic fibers. He has been the client manager for a major petrochemical consulting company covering olefins, aromatics, methanol, fibers, and plastics. Prior to joining SRIC, he held positions with Cincinnati Milacron Chemicals, Olin Corporation, Amoco Chemicals Company, and DeWitt and Company. He holds a B. S. in chemical engineering from the University of Cincinnati and a M.S. in Finance from the University of Houston-Clear Lake.

Glenn Giacobbe, Senior Consultant - World Petrochemicals

Glenn Giacobbe has an extensive career in the downstream oil and chemicals industry where he held senior level management roles in engineering, operations and business development for Atlantic Richfield, BP, LyondellBasell, and Western Refining. He is currently a Senior Consultant for IHS Global Insight. Mr. Giacobbe has managed professional and operating line personnel in manufacturing and corporate environments throughout his career. He is an Energy Advisor at the Houston Technology Center and is accredited by the California Air Resources Board as a verifier of greenhouse gas emissions data reports. Mr. Giacobbe has senior level contacts in major oil and chemical firms, the automobile industry, engineering and construction firms, government agencies and major academic and institutions of higher learning. He has spoken at numerous conferences on energy, business,

MULTICLIENT STUDY TEAM, (continued)

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and renewable fuels over the years. Mr. Giacobbe holds a B.S. in Chemical Engineering from Carnegie Mellon University and a MBA in finance from Drexel University.

Mr. Russell G. Heinen, Vice President

Mr. Heinen has nearly 30 years of experience in energy and chemical consulting and has been with SRI Consulting (SRIC) which is now part of IHS, for the past 12 years. Mr. Heinen as Vice President of SRIC has responsibility for single-client consulting practice, SRIC’s Process Economics Program (PEP) and the Carbon Footprint Initiative (CFI). In addition to the above responsibilities Mr. Heinen manages many of the consulting projects performed by the company. These projects have included strategy development, project feasibility, and market studies. Prior to joining SRIC Russell was a Senior Consultant at Rimkus Consulting Group, Purvin & Gertz, Bonner & Moore, and Pace Engineers and Consultants (now Jacob’s Consultancy). Russell holds a B.S. in engineering and an M.B.A. from Rice University, and is a registered engineer in the state of Texas.

Philippe Michelon, Managing Director

Philippe Michelon, IHS CERA Managing Director, oversees a number of major consulting assignments and client relationships. He has broad corporate management and consulting experience in the international energy and chemical industries. He joined CERA in 1993 as Managing Director, in the role of Chief Operating Officer.

Mr. Michelon was formerly Corporate Vice President of SRI International (previously Stanford Research Institute) and Executive Director of its Process Industries Division, with responsibility for the global consulting operations serving energy, chemicals, and materials clients. He directed offices in North America, Europe, and Asia. He was a member of SRI’s Policy Committee and of its Consulting Group’s Operations Committee.

Prior to that, Mr. Michelon’s 21-year career with Gulf Oil Corporation and Chevron Corporation was equally divided between the United States and Europe. He became an Officer and Vice President of Gulf Oil Chemicals; then the Senior Director, Corporate Planning, Gulf Oil Corporation, where he led the strategic analysis of Gulf’s $30 billion portfolio of petroleum, coal, and chemical businesses. He also led the restructuring effort of Gulf’s chemical operations in Europe; and co-led the integration of Gulf’s and

Chevron’s strategic planning process, and their US refining and marketing operations. He served as Vice Chairman of the Financial Planning Committee and Vice Chairman of the Planning Council for Gulf Oil Corporation, and Chairman of the New Business Council for Gulf Oil Chemicals.

Mr. Michelon holds a BS in Chemical Engineering summa cum laude, from I.N.S.A., Lyons; an MS from E.N.S.P.M. (French Institute of Petroleum), Paris; and an MBA from the University of Pittsburgh.

Teddy Muhlfelder, Associate Director

Teddy Muhlfelder, IHS CERA Associate Director, specializes in supply and demand fundamentals, pipeline flows and development, and pricing dynamics. He is responsible for covering IHS CERA’s analysis on North America’s eastern regional markets including the Gulf Coast, South, and Northeast. He is currently responsible for running the IHS CERA North American gas simulation models, including scenario and sensitivity analyses. Mr. Muhlfelder also assists in global cross-fuel application work, including contract pricing and gas procurement strategies. He regularly contributes to the North American Natural Gas Monthly Briefing, and has authored research reports including analyses of the North American “shale gale” and the unconventional gas potential of the Marcellus Shale. Before joining IHS CERA Mr. Muhlfelder was an analyst with Benchmarking Partners, where he analyzed and projected global industry trends and market forces in several sectors, including energy and utilities. In his prior work he also applied economic modeling to assess the new hybrid technology of the automotive industry, including the demand for hybrid vehicles and the validity of hybrid technology as a substitute for conventional gasoline-powered engines. Mr. Muhlfelder holds a BA from The Colorado College.


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Surya Rajan, Director

Surya Rajan, IHS CERA Director, is an expert on North American natural gas supply. Mr. Rajan has more than 20 years of energy industry experience across the value chain in many sectors, including upstream exploration and production, completion technologies, tight gas operations, downstream commercial supply chain, project management, information technology, corporate management, and strategy. In addition Mr. Rajan is actively connected with the gas industry through ongoing research, analysis, publications and presentations, and participation in industry forums. His interests and analyses have included strategic workforce issues, international corporate alliance models, country entry risk assessment, and the digital oilfield. Before joining IHS CERA he held senior posts with Marathon Oil Corporation and Schlumberger. Mr. Rajan is a certified Project Management Professional. He is an active member of the Society of Petroleum Engineers where he serves on the Digital Energy Program Committee for the Annual Technical Conference and Exhibitions. Mr. Rajan holds a BS from the Indian School of Mines, Dhanbad, India, and an MS from the University of Kansas at Lawrence, Kansas.

Curtis Smith, Director

Curtis Smith is a Director of IHS CERA Consulting Americas and Asia Pacific practices. He helps companies assess strategic opportunities and forecast production and costs by leveraging the extensive US and International databases which are owned and maintained by IHS. Prior to joining IHS CERA Consulting, Mr. Smith performed consulting in energy sectors of IHS and performing training and support for the company. Oil and gas experience includes work at ConocoPhillips and Marathon Company, oil majors and with major law firms in the Houston area. Curtis has managed worldwide play analyses which has leveraged the International database. Analysis included below ground potential such as yet to find, historical play performance, exploration activity and basin studies and above ground aspects such as access to acreage. A separate similar study was performed for North America using the US and Canadian databases. Mr. Smith has an MS in Geology from Brigham Young University, Provo, Utah.

Leta Smith, Director

Leta Smith, IHS CERA Director, is an authority on upstream supply, focusing on current trends and challenges to exploration and production (E&P) and the implications of those trends to the future supply outlook. She directs and undertakes research for IHS CERA’s E&P Trends Forum and tracks oil productive capacity for the United States and Latin America. Among other current research efforts Dr. Smith was the principal author of the IHS CERA analysis of the shale gas potential outside of North America and coauthor of an evaluation of liquids production capacity to 2030. Dr. Smith has over 15 years of experience in the petroleum industry, with expertise ranging from the reservoir to the global level. Before joining IHS CERA Dr. Smith was a Managing Consultant with IHS, Inc. where she led studies and advised clients on reserves and production analysis, resource valuation, market studies, and strategic planning activities. Her professional experience also includes research in enhanced oil recovery and gas exploration technology development with the Institute for Energy Research and Amoco Production Research. Dr. Smith is a licensed Professional Geologist in the states of Texas and Wyoming. She holds a bachelor’s degree from San Francisco State University and a PhD from the University of Wyoming.



For additional information on

IHS CERA NGLs Analytics and Insight: Rebalancing NGLs in an Unconventional North America, contact

Ken Fung [email protected] +1 403 770 4442

Suite 200 1331 Macleod Trail SE Calgary, AB T2G 0K3

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