PPT Slide

Alaska North Slope

Kuparuk River

~2.5 BBO

Tarn

Milne Point

Prudhoe Bay

~13 BBO

Lisburne

Northstar

Alpine

Point McIntyre

Hemi Springs

Endicott

Storms Lead Area

• PXD 50% WI (Op)

• ~130,000 gross acres

• Drill in winter 2005-2006

Gwydyr Bay

• PXD 100% WI

• Planning to drill in summer 2005

Caribou

• PXD 50% WI (Op)

• Evaluating prospects

NPR-A

• PXD 20-30% WI, COP (Op)

• ~884,000 gross acres

Nikaitchuq

Oooguruk Discovery

• PXD 70% WI (Op)

• ~63,000 gross acres

• Drill in winter 2005-2006

Tuuvaq

• PXD 40% WI, KMG (Op)

• Drill in winter 2004-2005

Risked Success Plan

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