Reserves

Summary of Oil and Gas Reserves

As of December 31, 2008

Forecast Prices and Costs

	Light/Medium Oil (MBbl)		Natural Gas(MMcf)		NGL(MBbl)
	Gross	Net	Gross	Net	Gross	Net
Proved
Developed Producing	0.0	0.0	12,560	10,149	42.2	33.5
Developed Non-Producing	0.0	0.0	1,038	939	0.3	0.2
Undeveloped	0.0	0.0	8,345	7,307	7.1	5.5
Total Proved	0.0	0.0	21,942	18,396	49.5	39.1
Probable	0.0	0.0	14,366	12,410	22.7	17.9
Total Proved plus Probable	0.0	0.0	36,308	30,806	72.2	57.0

Summary of Net Present Values of Future Net Revenue

As of December 31, 2008

Forecast Prices and Costs

	Before Income Tax Discounted At					After Income Tax Discounted At					Unit Value $/BOE Net Reserves Discounted at 10% before Income Tax

	0%	5%	10%	15%	20%	0%	5%	10%	15%	20%
	(M$)	(M$)	(M$)	(M$)	(M$)	(M$)	(M$)	(M$)	(M$)	(M$)	($/BOE)
Proved
Developed	53,545	44,136	37,667	32,963	29,394	53,545	44,136	37,667	32,963	29,394	21.84
Producing Developed	3,181	2,610	2,198	1,890	1,651	3,181	2,610	2,198	1,890	1,651	14.02
Non-Producing Undeveloped	24,322	18,388	14,143	11,002	8,611	24,322	18,388	14,143	11,002	8,611	11.56
Total Proved	81,048	65,134	54,009	45,854	39,656	133,838	104,687	84,816	70,493	59,748	17.39
Probable	59,053	43,560	33,468	26,462	21,373	52,790	39,553	30,807	24,639	20,092	16.04
Total Proved Plus Probable	140,101	108,694	87,477	72,316	61,029	133,838	104,687	84,816	70,493	59,748	16.85

Notes:
(1) The Sproule Report estimates Fortress’ share of future capital expenditures necessary to achieve the estimated present worth of future net cash flows based on escalating costs from Proved Reserves to be $13,235,000 and Proved and Probable Reserves to be $24,188,000.