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BIG PICTURE

S P E C U L A T O R

3 Ways to Profit from the Energy

Bull Market

Jim Letourneau, P. Geol.Big Picture Guy

Vancouver Resource Investment Conference

January 26, 2009

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Jim Letourneau

• B.Sc. In Geology 1985 from UofA

• Specializing in petroleum geology and geochemistry

• 2 CSPG Tracks Awards

• CSPG Link Award

• NEB Hearing expert witness

• Interviewed on CBC, CNBC Asia Energy TV

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Experience is something you don't get until just after you need it.

Steven Wright

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The “Investing” Game

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Social Media

Blog

Facebook

Twitter

Email

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Blog

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Google Reader

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Facebook

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Twitter

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Twhirl

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The Hard Truth

864.4

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Oil Price

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Uranium Price

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On the Bright Side

• Boosted Community Spirit• Seeing the Big Picture• Cheap Gas• The Return of Customer Service• Affordable Housing

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On the Bright Side

• Artistic Creativity• Income-Driven Energy

Conservation• Rediscovering Our Backyard• Air Travel - Affordable and on Time

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Profiting from Peak Oil

• Was Peak Oil just a dream?

• The Obama Effect - winners and losers

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Hubbert’s Peak?

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Hubbert Trivia

• Correct statement of Darcy's Law.• Mathematical demonstration that rock in the

Earth's crust is plastic, and that the Earth's crust deforms over time.

• Prediction of migration paths of hydrocarbons.• Demonstration that the Earth's endowment of

crude oil is finite, that the rate of oil production reaches a maximum (i.e., peaks) when approximately half of the original resource remains, and thereafter goes into irreversible decline.

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There is HOPE

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We are not out of oil!

• The world as consumed about 1.1trillion barrels of oil in all history.

• The world knows where the next 1.3 trillion barrels of oil are to be found.

• At least another 3-6 trillion barrels of oil are thought to be open to discovery.

Tim Wood’s Do You Assume?

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Salt Creek, Texas

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Weyburn, Saskatchewan

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The EOR Wedge

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US DOE Statistics

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The Companies

• Wavefront Energy and Environmental Services TSXV:WEE

• Cano Petroleum AMEX:CFW

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The Companies

• Wavefront Energy and Environmental Services TSXV:WEE

• Cano Petroleum AMEX:CFW

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Wavefront Update

• Here's the math. We charge $36,000 for the use of each (pulsing injector) tool for a year. It cost this oil company about $235,000 to license the tools and have them installed by a service rig. Their net return was $1.2 million

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Obama and Energy

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Solar Bears

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Inconvenient Weather

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Obama on Coal

If somebody wants to build a coal-powered plant ... it will bankrupt them, because they're going to be charged a huge sum for all that green-house gas being emitted.

Interview by the San Francisco Chronicle, January 17, 2008

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Obama on Oil

a 19th century fossil fuel that is dirty, dwindling, and dangerously expensive

Las Vegas - June, 2008

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US Energy Consumption

Energy consumptioncorrelates to GDP

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World Energy Consumption

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World Energy Consumption

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SOS - Airline Funded

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Pickens Plan

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Pickens Plan

• Transition to more wind power from 1-20% of electricity needs

• Use natural gas for transportation

• Easy oil has been produced

• Greenhouse gas emissions from natural gas are 23% lower than diesel and 30% lower than gasoline.

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Priorities Poll

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Where are we now?

• The world consumes about 1 cubic mile of oil per year. Which is equivalent to: covering 4.2 billion houses with solar

panels. building 2,500 90MW nuclear plants. installing 3 million wind turbines.

Tim Wood’s Do You Assume?

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Geothermal

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What is This?

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#1 Geothermal

• Nevada Geothermal Power (NGP.V)

• Polaris Geothermal Inc. (GEO.V)

• Sierra Geothermal Power Corp. (SRR.V)

• US Geothermal Inc. (GTH.TO)

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#2 Uranium

•UR-Energy (URE.TO)•Pitchstone Exploration (PXP.V)

•Hathor Exploration (HAT.V)

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#3 Energy Efficient Cars

•Great Western Minerals (GWG.V)

•Avalon Ventures (AVL.V)• Sociedad Quimicay Minera de Chile S.A. (SQM)

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