peMBinA evolving  opportunity We are optimistic about the  opportunity for increased  recovery at pembina as  we are continuously  learning more about this  unique field. long-terM  stABle  production  rAtes And  HigH quAlity  cArdiuM oil.  pembina is a  challenging and  evolving property. As a founding property  for Arc the field has  consistently delivered each quarter  we gather  More dAtA and come closer to understanding the  true opportunity of this coMpleX  reserVoir.  20 10 ARC ResouRCes AnnuAl  report PEMBInA LAnD HOLDIngS pcu  6 pcu 3 spcu M ip A pcu  7 pcu 15 nor tH pcu  1 lo B stic K B err y M oor lind A le M ip A M ip A c A rn W ood B uc K  cree K M ip A M ip A r11 r10 r9 r8 r6 r5 r4 r7 t 52 t45 t51 t 49 t 48 t 47 t46 A rc  W ells otH er W ells pe MB in A nuMbeRs At A GlAnCe 9,150  boe per day 77%  operated  RLI of  14.3  years 68%  oil and ngLs  32%  gas 166  gross and 125  net sections 2011 Budget:  $97 Million