| Property Locations |
| Location Name: | *Madera Prospect | Area Name: | *Lea County |
| Effective Date: | 1/Jan/1992 | Location Ownership Percent: | 12 |
| Expiry Date: | 24/Aug/1999 | Phone: | (not available) |
| Address: | New Mexico
USA
North America
| Fax: | (not available) |
| Description: | 12.75% to 17 per cent. Great Western Drilling. |
 |
| Location Name: | *Mesa Property | Area Name: | Green River Basin |
| Effective Date: | 5/Nov/1997 | Location Ownership Percent: | 23 |
| Expiry Date: | | Phone: | (not available) |
| Address: | Wyoming
USA
North America
| Fax: | (not available) |
| Description: | VSE Notice 11/5/97 amended 10/30/97 & 10/30/98. Arrowhead can now earn 23.12% interest in prospect. |
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| Location Name: | *Operating Location | Area Name: | * |
| Effective Date: | 4/Jun/1971 | Location Ownership Percent: | 100 |
| Expiry Date: | 21/Nov/1997 | Phone: | (not available) |
| Address: | South Dakota
USA
North America | Fax: | (not available) |
| Description: | |
|
| Location Name: | *Operating Location | Area Name: | * |
| Effective Date: | 4/Jun/1971 | Location Ownership Percent: | 100 |
| Expiry Date: | 21/Nov/1997 | Phone: | (not available) |
| Address: | Colorado
USA
North America | Fax: | (not available) |
| Description: | |
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| Location Name: | *Operating Location | Area Name: | * |
| Effective Date: | 4/Jun/1971 | Location Ownership Percent: | 100 |
| Expiry Date: | 21/Nov/1997 | Phone: | (not available) |
| Address: | Nevada
USA
North America | Fax: | (not available) |
| Description: | |
|
| Location Name: | *Operating Location | Area Name: | * |
| Effective Date: | 4/Jun/1971 | Location Ownership Percent: | 100 |
| Expiry Date: | 21/Nov/1997 | Phone: | (not available) |
| Address: | Texas
USA
North America | Fax: | (not available) |
| Description: | |
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| Location Name: | *Quito prospect | Area Name: | * |
| Effective Date: | 21/Nov/1997 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Apr/1999 | Phone: | (not available) |
| Address: | Quito,Pichincha
Ecuador
South America | Fax: | (not available) |
| Description: | |
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| Location Name: | *Warbonnet Property | Area Name: | Sublette County |
| Effective Date: | 29/Jan/1999 | Location Ownership Percent: | 41 |
| Expiry Date: | | Phone: | (not available) |
| Address: | Wyoming
USA
North America
| Fax: | (not available) |
| Description: | Letter Agreement with Ultra Petroleum Corp. (37.5 to 50%) dated Oct 30/98. |
